MIRA
INFORM REPORT
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Report Date : |
04.09.2007 |
IDENTIFICATION
DETAILS
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Name : |
EARTH SYSCOM PRIVATE LIMITED |
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Registered Office : |
12, Trilok Row Houses, |
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Country : |
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Financials as on: |
31.03.2006 |
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Date of Incorporation : |
18.03.2004 |
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Com. Reg. No.: |
43806 |
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CIN No.: [Company
Identification No.] |
U30007GJ2004PTC043806 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHME00437D |
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PAN No.: [Permanent
Account No.] |
PAN APPLIED |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Distributor and Supplier of Computer and Peripherals |
RATING &
COMMENTS
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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 3492 |
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Status : |
New Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is well-established and reputed company having satisfactory track records. Directors are reported as experience 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 : |
12, Trilok Raw House, Near Rajtilak Raw House, Lad
Society, Vastrapur, Ahmedabad- 380 054, |
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Tel. No.: |
91-79-26857024 / 25 / 26 |
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Mobile No.: |
91-9824025266 / 9825061415 |
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Fax No.: |
91-79-26854454 |
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E-Mail : |
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Website : |
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Area : |
7000 sq. ft. |
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Location : |
Commercial |
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Branches : |
Ø Amreli Ø Mehsana Ø Valsad Ø Veraval |
DIRECTORS
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Name : |
Mr. Haresh Mashrubhai Kataria |
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Designation : |
Director |
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Address : |
B-15, Dwarkesh Apartment, Behind Lad Society, Vastrapur,
Ahmedabad- 380 054, |
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Date of Birth/Age : |
01.06.1970 |
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Qualification : |
B.E.(Electronics) |
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Experience : |
15 years |
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Date of Appointment : |
18.03.2004 |
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Name : |
Mrs. Bhanuben Haresh Kataria |
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Designation : |
Director |
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Address : |
B-15, Dwarkesh Apartment, Behind Lad Society, Vastrapur,
Ahmedabad- 380 054, |
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Date of Birth/Age : |
01.06.1969 |
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Date of Appointment : |
18.03.2004 |
KEY EXECUTIVES
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Name : |
Mr. Mohan Kataria |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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Mr. Hareshbhai M Katairya |
7500 |
60.00 |
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Ms. Bhanuben H Katairya |
5000 |
40.00 |
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Total |
12500 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Distributor and Supplier of Computer and Peripherals |
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Products : |
Printers Ø TVSE Dot Matrix Printers Ø Wipro Dot Matrix Printers Ø HP Inkjet Printers Ø HP Laser Printers Ø Canon Inkjet Printers
Network Products Ø LAN Card Ø D-Link Switch Ø Internal Modem Ø Intel Processor Ø Mother Board Ø RAM Ø Seagate Hard Disc Ø Samsung
Hard Disc Ø UPS Ø Cabinets Ø Monitors Ø Key Boards Ø Mouse Ø Speaker Ø Scanner |
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Authorized Dealers: |
Ø Samsung Ø Intel Ø Tvse Ø LG Ø Seagate Ø GigaByte |
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Imports from: |
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Terms : |
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Selling: |
Cash and Credit Basis |
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Purchasing : |
L/C and Cheque Basis |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
Ø Gujarat Ambuja Cement Company Limited Ø L and T Ø Sanghi Cement Company Limited Ø Ratnamani Metals Limited Ø ISRO Ø Government
of Ø Niram Ø Rajasthan Hospital Limited Ø Sheth
Jeevanbhai Institute of MB and MCA, Ahmedabad, Ø Civil
Hospitals, Ahmedabad, Ø All
Municipal Corporations in |
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No. of Employees : |
25 |
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Bankers : |
Ø Bank
of Ø HDFC
Bank, Vahalpur Branch. Ahmedabad, Ø Axis
Bank, Vastrapur Branch, Ahmedabad, Ø ICICI Bank Limited Ø Kotak Mahindra Bank Limited |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name: |
P. R. Shah And Associates Chartered Accountants |
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Address : |
206, 1st Floor, Nirman House, Near S P Railway crossing, Usmanpura,
Ahmedabad 380 013, |
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Tel. No.: |
91-79-27550982 / 30000621 |
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E-Mail : |
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Associates/Subsidiaries : |
Ø Earth Infotech
(Now it is shut down since 1 year) Ø TECH-INDIA Infocom Private. Limited. Address:
12, Trilok Raw House, Phone No.:
+91 79 685 7024 Fax No.:
+91 79 685 4454 E-mail Address:
info@earthinfotech.com Networking
Support: Earth Infotech Family:
Customer Support Division: 13 persons Marketing Division: 05 persons A/c. Division:
03
persons |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50,000 |
Equity Shares |
Rs. 10.00 each |
Rs. 0.500 million |
Issued & Subscribed Capital :
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No. of Shares |
Type |
Value |
Amount |
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12,500 |
Equity Shares |
Rs. 10.00 each |
Rs. 0.125 million |
Paid-up Capital :as on 31.03.2006
|
No. of Shares |
Type |
Value |
Amount |
|
12,500 |
Equity Shares |
Rs. 10.00 each |
Rs. 0.125 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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0.125 |
0.125 |
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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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0.748 |
0.288 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.873 |
0.413 |
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LOAN FUNDS |
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1] Secured Loans |
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2.276 |
1.370 |
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2] Unsecured Loans |
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1.853 |
0.000 |
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TOTAL BORROWING |
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4.129 |
1.370 |
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DEFERRED TAX LIABILITIES |
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0.012 |
0.004 |
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TOTAL |
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5.014 |
1.787 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.085 |
0.072 |
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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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3.600 |
6.088 |
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Sundry Debtors |
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23.801 |
12.546 |
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Cash & Bank Balances |
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1.391 |
1.134 |
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Other Current Assets |
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0.395 |
0.077 |
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Loans & Advances |
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0.000 |
0.000 |
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Total
Current Assets |
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29.187 |
19.845 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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24.884 |
18.027 |
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Provisions |
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0.381 |
0.113 |
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Total
Current Liabilities |
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25.265 |
18.140 |
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Net Current Assets |
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3.922 |
1.705 |
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MISCELLANEOUS EXPENSES |
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0.007 |
0.010 |
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TOTAL |
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5.014 |
1.787 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2006 |
31.03.2005 |
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Sales Turnover |
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216.135 |
152.282 |
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Other Income |
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0.024 |
0.046 |
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Total Income |
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216.159 |
152.328 |
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Profit/(Loss) Before Tax |
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0.777 |
0.407 |
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Provision for Taxation |
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0.317 |
0.117 |
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Profit/(Loss) After Tax |
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0.460 |
0.290 |
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Expenditures : |
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Cost of Goods Sold |
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Trading Expenses |
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0.578 |
0.332 |
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Administrative Expenses |
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1.486 |
1.091 |
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Raw Material Consumed |
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208.397 |
154.628 |
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Selling and Distribution Expenses |
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0.728 |
0.430 |
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Personnel Expenses |
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1.384 |
1.008 |
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Increase/(Decrease) in Finished Goods |
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(2.488) |
5.644 |
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Financial Charges |
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0.165 |
0.045 |
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Depreciation & Amortization |
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0.156 |
0.031 |
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Total Expenditure |
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210.406 |
163.209 |
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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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0.21 |
0.19 |
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Net Profit Margin |
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0.36 |
0.27 |
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Return on Total Assets |
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1.52 |
1.46 |
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Return on Investment (ROI) |
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52.69 |
70.22 |
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Current Ratio |
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1.16 |
1.09 |
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Quick Ratio |
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1.01 |
0.76 |
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Debt Equity ratio |
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4.73 |
3.32 |
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Current liabilities / Networth |
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28.94 |
43.92 |
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Fixed asset / networth |
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1.24 |
0.17 |
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Average Collection Days |
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40.19 |
30.07 |
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Account Receivables Turnover |
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9.08 |
12.14 |
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Inventory Turnover |
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60.04 |
25.01 |
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Asset Turnover |
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199.20 |
2115.03 |
LOCAL AGENCY
FURTHER INFORMATION
Note:
Incorporated on March 18, 2004 the subject is a distributor and supplier
of Computers and Peripherals
Trade References:
Ø
Intel
Ø
Microtek
Ø
HP India
Ø
Wipro Limited
Ø
Compaq
Ø
Seagate
Ø
D-Link
Ø
TVS Electronics
Ø
Vintron
Ø
Mercury
Ø
I-Omega
Ø
Acer
Ø
Samsung
Ø
LG Electronics
Ø
Microsoft
Ø
Gujarat Info Petro Limited
Ø
Gujarat Informatics Limited
Ø
UNICEF, Gandhi Nagar
Ø
State Bank of
Ø
State Bank of
Ø
Oriental Finstock Services Limited
Ø
Ahmendabad Stock Exchange
Ø
ATE Manufacturers Private Limited
Ø
Archana Engineering Private Limited
Ø
Allianz Security Limited
Ø
Babtie Consultancy (
Ø
Bharat Bobbins Private Limited
Fixed Assets:
Ø
Other machineries
Ø
Furniture and Fixtures
Ø
Computers, Printers etc.
Ø
Motor Vehicles
Profile
Every day, in every corner of the world, thousands of Subject architects, engineers, scientists, builders, researchers, technology specialists, and consultants deal with promises – the promises that clients make to customers, employees and local communities through their infrastructure projects.
For more than three decades, subject has played a vital role in helping clients keep their promises. Subject employees represent a commitment to standards of excellence and integrity, and they bring to every project the promise of effective operating practices. Today there is virtually no challenge in the built and natural environments that they aren’t prepared to design, build, upgrade, and operate and, in some instances, finance.
Effective water management. Improved air and land quality. Safer and more efficient facilities. Transportation systems that meet today’s demands and anticipate tomorrow’s needs. These are just some of the promises they can help bring to life. As long as companies, institutions and government agencies make promises, subject will help fulfill them. And that’s a commitment they take very seriously.
History
When Subject was founded in 1970, its primary focus was geotechnical engineering. Beginning in the 1980’s, in response to evolving environmental laws, the company’s services expanded to include the environmental services market. Entering the 1990s, Subject was recognized as one of the leading providers of environmental, earth sciences, and waste management consulting.
As Subject focused on expansion, a number of highly specialized and well-regarded engineering, construction and environmental firms were brought together. These acquired companies have added important technical capabilities and strengthen existing ones, including engineering, remediation, construction, contract operations and management, air quality management, water and wastewater engineering, solid waste management and transportation and infrastructure engineering.
Recognizing the potential for serving an even broader global market, Subject was acquired by Tyco International Limited In 1996.
Today, Subject is one company of 8500 people around the world, backed by the resources of Tyco. But, throughout their history, one trait has remained consistent: their unwavering focus on providing vital solutions to meet their clients changing needs
Ø Environmental
Technologies of
Ø Barrett Consulting Group, 1996
Ø Whitman & Howard Inc., 1996
Ø Bell-Walker Engineers, 1996
Ø Team Engineering, 1997
Ø Rust Environmental & Infrastructure Inc., 1998
Ø Babcock Water Engineering Limited., 1998
Ø Multiservice Engenharia Limited, 1998
Ø Proctor & Redfern, 1999
Ø Kaiser Infrastructure, 2000
Ø Reid Crowther, 2000
Ø International Quality & Environmental Services LLC (IquES), 2001
Ø GEMASA/Atlatec, 2001
Ø Jones Environmental, 2001
Ø Talisman Partners Limited., 2001
Ø Waterlink, 2001
Ø J. Muller International, 2001
Ø Fisher Stewart, 2001
Ø TAMS Consultants Inc., 2002
Ø KAP, 2002
Ø Aquathai, 2002
Markets and Services:
As a global provider of consulting, engineering, and construction services, Subject is working to improve the quality of life for people around the world by providing a full scope of services.
Their clients include:
Ø Municipal, regional and national governments
Ø Multi-national commercial and industrial companies
Ø Public and private utilities
Ø Institutions
Ø Private developers
They work with clients in many different ways. Some hire us for their expertise in a particular area, such as design, engineering or construction management services. But more and more come to us for a turnkey package that encompasses everything from preliminary project planning to long-term operations and maintenance. The demand for their design-build-finance-operate capacities, for example, underscores the depth and breadth of Subject’s experience, services, and resources. As part of Tyco International, Limited, Subject has access to broad and diverse resources that enable us to offer an array of services, from project development through implementation and operation.
Subject provides services to four markets:
With over 30 years of experience in the industry, they have long-term relationships with their clients. They customize their project delivery methods to meet the specific technical requirements, financial constraints, and regulatory mandates required by their clients. Their project delivery methods include program management, design-build-finance-operate, construction management and asset management.
They integrate technology and management strategies that provide ‘best value’ results. They work diligently to manage costs and risks while never losing sight of their ultimate goal: addressing their clients’ challenges effectively, professionally and safely. Above all the talented technical skills of their global staff and their commitment to excellence remains the foundation of their service.
Subject has broad-based program management experience with technically complex projects, including construction assignments. They actively manage risk, provide financial support, and bring a hands-on approach to small and large-scale projects. They support programs from start to finish—from the planning and programming, through engineering, construction and startup or occupancy. Their skilled management professionals ensure that quality work is completed within the cost and schedule constraints of their clients.
Design-Build-Finance-Operate (DBFO):
Subject is a leader in alternate project delivery systems. By allowing greater flexibility and coordination throughout the project development process, Subject’s delivery systems can result in significant time and cost savings. As designer, builder, construction manager, operator and often a partner, Subject provides single-source accountability. This coherent, efficient and integrated service delivery translates to higher quality for their clients.
Subject manages, administers and inspects projects from conception, through design, to construction and final inspection. As a full-service planning, engineering, and construction firm, they are able to integrate their expertise throughout all phases of preconstruction, construction and operations for public- and private sector clients. They employ a wide range of processes, including project controls, scheduling, cost estimating, material testing and field inspection, financial management and construction management expertise.
Subject offers unsurpassed experience in the long-term operation and maintenance of facilities. They couple this with an intense focus on quality and responsive service that is critical to their business success. This professional approach and technical expertise results in an extremely accountable, cost-effective alternative for utility operations. Prior to entering the contract operations business, they built a strong technical staff of experienced operators and managers to provide startup, troubleshooting and training for the treatment facilities designed and built by their firm. Subject's comprehensive services include full-scope privatization services; concession development and management; full-service contract operations and maintenance; design of water resources, treatment and distribution systems, and wastewater collection and treatment systems; leakage detection and control; non-revenue water management services; and assistance with expansions and improvements.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 40.88 |
|
|
1 |
Rs. 82.58 |
|
Euro |
1 |
Rs. 55.79 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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 |
|
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. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|