MIRA
INFORM REPORT
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Report Date : |
07.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
EXCELLON SOFTWARE PRIVATE LIMITED |
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Formerly Known As : |
E-CALIBER (INDIA) PRIVATE LIMITED |
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Registered Office : |
Plot No.14/4, 3rd Floor, IT Park, Parsaodi, South Ambazari
Road, Nagpur, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
21.09.2000 |
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Com. Reg. No.: |
128797 |
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CIN No.: [Company
Identification No.] |
U72900MH2000PTC128797 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Provider of Specialized Software Development and Consulting Services. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 10000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a 8 years old company having moderate track. Company’s profitability
is under severe pressure having good amount of accumulated losses. Payments
are reported as slow and delayed. The company can be considered for small to mediocre business dealings
on safe and secured terms, initially. |
LOCATIONS
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Registered Office : |
Plot No.14/4, 3rd Floor, IT Park, Parsaodi, South Ambazari
Road, Nagpur, Maharashtra, India |
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Tel. No.: |
91-712-2229651/ 52/ 53/ 54 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Vinod Tambi |
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Designation : |
Chairman cum Managing Director |
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Address : |
506, Swapnalok Apartments, Wardhman Nagar, Nagpur – 440008,
Maharashtra, India |
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Date of Birth/Age : |
27.11.1966 |
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Date of Appointment : |
21.09.2000 |
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Email : |
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Name : |
Mrs. Saroj Vinodkumar Tambi |
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Designation : |
Managing Director |
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Address : |
22 Bajaj Nagar, Tumsar – 441912, Maharashtra, India |
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Date of Birth/Age : |
22.01.1966 |
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Date of Appointment : |
25.09.2000 |
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Name : |
Mr. Sanjay S. Tambi |
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Designation : |
Director |
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Address : |
Bajaj Nagar, Tumsar, Bhandara – 441912, Maharashtra, India |
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Date of Birth/Age : |
11.06.1973 |
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Date of Appointment : |
01.10.2001 |
KEY EXECUTIVES
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Name : |
Mr. Vinod Tambi |
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Designation : |
Chief Executive Officers |
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Name : |
Mr. Ahmar Khan |
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Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 31.03.2007)
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Names of Shareholders |
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No. of Shares |
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Saroj Vinod Tambi |
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10000 |
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Sanjay S. Tambi |
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500 |
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Vinod L. Tambi |
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500 |
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Saroj Vinod Tambi |
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25000 |
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Ritu Tambi |
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25000 |
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Sarladevi Tambi |
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30000 |
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Satyanarayan Tambi |
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25000 |
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Laxminarayan Tambi |
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30000 |
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Umesh Tambi |
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25000 |
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Sanjay Tambi |
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24000 |
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Shatrughan Singh |
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5000 |
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Total |
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200000 |
(As on 31.03.2007)
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Category |
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Percentage |
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Directors or relatives of directors |
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98.00 |
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Other top fifty shareholders |
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2.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Provider of Specialized Software Development and Consulting Services. |
GENERAL
INFORMATION
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Customers : |
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Bankers : |
Not Available |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Jain Agarwal Chandak Chartered Accountant |
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Address : |
302, Utkarsha Apankar Apartment, R N T Road, Covil Line, Nagpur –
440001, Maharashtra, India |
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Associates/Subsidiaries : |
E-Caliber Inc. 530 South Henderson Road, Suite F, King of Prussia, PA 19406 Tel No.: 91-610- 5179606 Fax No.: 91-509-271-1869 |
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CAPITAL STRUCTURE
Authorised Capital:
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No. of Shares |
Type |
Value |
Amount |
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200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
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Issued, Subscribed & Paid-up Capital:
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No. of Shares |
Type |
Value |
Amount |
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200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
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ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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2.000 |
2.000 |
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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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0.000 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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2.000 |
2.000 |
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LOAN FUNDS |
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1] Secured Loans |
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0.299 |
0.200 |
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2] Unsecured Loans |
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16.533 |
10.229 |
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TOTAL BORROWING |
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16.832 |
10.429 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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18.832 |
12.429 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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3.021 |
2.482 |
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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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0.003 |
0.003 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000
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0.000 |
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Sundry Debtors |
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7.923
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1.504 |
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Cash & Bank Balances |
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0.164
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0.327 |
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Other Current Assets |
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0.128
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0.125 |
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Loans & Advances |
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1.209
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0.312 |
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Total
Current Assets |
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9.424
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2.268 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.908
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3.451 |
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Provisions |
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4.939
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1.388 |
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Total
Current Liabilities |
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6.847
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4.839 |
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Net Current Assets |
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2.577
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(2.571) |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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Profit and Loss Account |
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13.231 |
12.515 |
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TOTAL |
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18.832 |
12.429 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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20.395 |
4.166 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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20.395 |
4.166 |
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Profit/(Loss) Before Tax |
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(0.606) |
(6.641) |
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Provision for Taxation |
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0.000 |
0.000 |
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Profit/(Loss) After Tax |
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(0.606) |
(6.641) |
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Expenditures : |
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Interests |
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1.675 |
0.954 |
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Depreciation & Amortization |
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1.051 |
0.704 |
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Other Expenditure |
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18.275 |
9.149 |
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Total Expenditure |
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21.001 |
10.807 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
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(2.97)
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(159.41) |
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Net Profit Margin (PBT/Sales) |
(%) |
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(2.97)
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(159.41) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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(4.87)
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(139.81) |
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Return on Investment (ROI) (PBT/Networth) |
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(0.30)
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(3.32) |
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Debt Equity Ratio (Total Liability/Networth) |
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11.84
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7.63 |
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Current Ratio (Current Asset/Current Liability) |
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1.38
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0.47 |
LOCAL AGENCY
FURTHER INFORMATION
Note:
The Registered Office of the company has been shifted from 1st
floor, Krishnaleela, 11 Meseum Road, Civil Lines, Nagpur – 440001, Maharashtra,
India to the present address w.e.f. 30.04.2008.
Website Details:
Profile:
The evolution
of subject (formerly e-Caliber Software) from its modest beginning to current
recognition as one of most innovative software Product Company with an
impressive list of satisfied clients is a result of tenacious pursuit to find
innovative solutions to most vexing customer problems. Subject, Nagpur, India,
a part of e-Caliber, Inc. USA, founded in 1996, specializes in enterprise level
packaged software for managing dealership & franchise chains of all sizes.
Company Team has some of the most-talented and best-trained minds in the
industry and company products reflect this creative excellence.
Company’s senior management includes seasoned
professionals and software technologists who are highly experienced in global
and local software industry. They bring along strong domain knowledge of
India’s dealership and franchise networks and a history of innovation in
successfully creating innovative software for common use. CompanyTeam has spent
last five years on learning and fine tuning its product to address unique
challenges faced by retail, sales, and distribution chains in India with
regards to usability, infrastructure, tax structure which varies from state to
state, on city to city basis, diverse market place, and complex distribution
system.
With its history and current momentum, Company is poised to
emerge as the leader in software for managing dealership and franchise chains.
Solution Areas
- Automotive
Industry
- Industrial
and Construction Equipment
- General and
Specially Retail
- Franchise
chain Management
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
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Indian Rupees |
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US Dollar |
1 |
Rs.42.00 |
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UK Pound |
1 |
Rs.82.14 |
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Euro |
1 |
Rs.65.09 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
- |
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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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22 |
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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