MIRA
INFORM REPORT
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Report Date : |
31.12.2008 |
IDENTIFICATION DETAILS
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Name : |
BRIO MACRO SECURITY PRIVATE LIMITED |
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Registered Office : |
105, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
05.05.1998 |
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Com. Reg. No.: |
29364 |
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CIN No.: [Company
Identification No.] |
U40109AP1998PTC029364 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDB02804E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Security Systems Provider. |
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 745 |
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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 decade old company having moderate track. Scale of activity
is limited. Financial position is weak having accumulated losses. Payments
are reported as slow at time. The company can be considered for small to mediocre business dealings
on safe and secured terms, initially. |
INFORMATION PARTED BY
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Name : |
Mr. Srinivas |
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Designation : |
Account Manager |
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Date : |
29.12.2008 |
LOCATIONS
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Registered Office : |
Flat No.105, |
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Tel. No.: |
91-40-23731935 |
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Mobile No.: |
91-9848044339 (Mr. V. Satyanarayan) |
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E-Mail : |
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Website : |
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Area : |
800 Sq.ft. |
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Location : |
Owned |
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Branches : |
No. Mig – 90, Jatin Nivas, aphb, New Balaji Nagar, Kukatpally, |
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Tel. No.: |
91-40-23057534 / 65981551 |
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Fax No.: |
91-40-65986226 |
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Area : |
2000 Sq.ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Ivssn Raju |
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Designation : |
Director |
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Address : |
Flat No.101, Ganga Residency, Sri Nagar Colony, |
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Date of Birth/Age : |
01.02.1959 |
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Qualification : |
B.Com |
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Date of Appointment : |
05.05.1998 |
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Name : |
Mr. V. Satyanarayana |
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Designation : |
Director |
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Address : |
F No.5A, Ananta Sai Apartments, Vivek Ananda Nagar, Kukatpally – 500
072, |
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Date of Birth/Age : |
06.01.1960 |
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Qualification : |
M.B.A. |
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Date of Appointment : |
05.05.1998 |
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Name : |
Mr. I. Subbalakshmi |
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Designation : |
Director |
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Address : |
Flat No.101, Ganga Residency, Sri Nagar Colony, |
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Date of Birth/Age : |
19.09.1965 |
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Qualification : |
B.Com |
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Date of Appointment : |
05.05.1998 |
KEY EXECUTIVES
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Name : |
Mr. Srinivas |
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Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON (29.09.2007)
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Names of Shareholders |
No. of Shares |
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Mr. IVS Suryanarayana Raju |
2100 |
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Mr. P.M. Nair |
100 |
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Mr. V. Satyanarayana |
2100 |
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Mr. I Subba Lakshmi |
2600 |
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Mr I. Suryanarayana Raju |
2000 |
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Mr. I Mallapa Raju |
2000 |
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Total |
10900 |
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Equity Share
Breakup |
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Percentage of
Holding |
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Category (31.03.2007) |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Security Systems Provider. |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
GENERAL INFORMATION
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No. of Employees : |
Around 12 |
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Bankers : |
Bank of |
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Facilities : |
Particulars |
31.03.2007 (Rs. In Millions) |
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UNSECURED LOAN: Loans From Share Holders |
3.814 |
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Total |
3.814 |
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Banking
Relations : |
-- |
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Auditors : |
P.R. Datta and Company |
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Chartered Accountant |
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Address : |
Plot No.9, 1st Floor, Lakshmiprasanna Nilayam, Durganagar
Colony, |
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Pan No.: |
AACFD6695E |
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Associates/Subsidiaries : |
Flat No.105,
Flat No.105, |
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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 |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10900 |
Equity Shares |
Rs. 10/- Each |
Rs.0.109 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.109 |
0.109 |
0.109 |
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2] Share Application Money |
0.919 |
0.919 |
0.919 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.879 |
0.957 |
0.515 |
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NETWORTH |
0.149 |
0.071 |
0.513 |
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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 |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
3.814 |
3.814 |
3.814 |
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TOTAL |
3.963 |
3.885 |
4.327 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.253 |
0.264 |
0.304 |
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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 |
4.886
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5.886 |
4.886 |
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Sundry Debtors |
0.030
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0.019 |
0.062 |
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Cash & Bank Balances |
1.242
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0.476 |
0.057 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
0.118
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0.000 |
0.000 |
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Total
Current Assets |
6.276
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6.381 |
5.005 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
2.489
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2.695 |
0.928 |
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Provisions |
0.077
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0.065 |
0.054 |
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Total
Current Liabilities |
2.566
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2.760 |
0.982 |
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Net Current Assets |
3.710
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3.621 |
4.023 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
3.963 |
3.885 |
4.327 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
1.713 |
0.000 |
0.084 |
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Other Income |
0.000 |
0.000 |
0.000 |
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Total Income |
1.713 |
0.000 |
0.084 |
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Profit/(Loss) Before Tax |
0.077 |
(0.441) |
(0.090) |
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Provision for Taxation |
0.000 |
0.000 |
0.000 |
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Profit/(Loss) After Tax |
0.077 |
(0.441) |
(0.090) |
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Expenditures : |
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Cost of Goods Sold |
1.198 |
0.000 |
0.041 |
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Administrative Expenses |
0.179 |
0.179 |
0.046 |
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Staff Payments |
0.185 |
0.205 |
0.018 |
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Financial Charges |
0.018 |
0.005 |
0.014 |
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Auditors Fee |
0.011 |
0.011 |
0.011 |
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Depreciation |
0.042 |
0.039 |
0.043 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
4.49
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-- |
-- |
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Net Profit Margin (PBT/Sales) |
(%) |
4.49
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-- |
-- |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.23
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(6.91) |
(1.79) |
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Return on Investment (ROI) (PBT/Networth) |
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0.52
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(6.21) |
(0.18) |
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Debt Equity Ratio (Total Liability/Networth) |
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17.22
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38.87 |
1.91 |
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Current Ratio (Current Asset/Current Liability) |
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2.45
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2.31 |
5.09 |
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCES:
- Chinna swami Stadium –
- Andhra Pradesh Legislative Assembly – Andhra Pradesh
FIXED ASSETS:
- Fax Machine
- Air Conditioner
- Computer
- Motor vehicle Car
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Additional Requirement
of Indiamart for Trust-Seal |
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VAT / TIN : 28190294874 Date: 01.04.2008 |
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IEC Code : |
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PAN / TAN : AACCS9022M |
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Bank Name : Bank of |
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Bank Address : Banjara Hills
Branch, |
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Bank A/c. No.: 3920110000038 |
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Account Since : 3 Years |
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Corporate
identity number of the company |
U40109AP1998PTC029364 |
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Name of the
company |
BRIO MACRO
SECURITY PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in |
105, |
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This form is for |
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Type of charge |
Creation of
Charge |
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Particular of
charge holder |
Bank of E-Mail: csharinadella@gmail.com |
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Nature of instrument
creating charge |
Hypothecation Cum
Loan Agreement (List attached) Deed of Guarantee
(List Attached) |
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Date of
instrument Creating the charge |
10.10.2008 |
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Amount secured by
the charge |
Rs.5.000 millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest 1.00% Over BOI
BPLR, Minimum 15% Terms of
repayment 36 EMI of
Rs.0.174 million Margin 50% |
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Description of the
property charged indicating whether it is a charged on |
Hypothecation of
Assets purchased out of Bank Assistance (Scanned Copy Enclosed) |
AS PER WEBSITE
PROFILE:
Subject. is organized
to function optimally with an objective and work culture to empower the
Associates. At Micro Sec. their core organizational concept is:
"Every Micro Secarian is a Leader" and is free to make decisions and
be accountable for the outcomes. They also
believe that through distributed leadership, they can realize the full
potential of every associate and enable them to excel in whatever they do.
Micro Sec. creates enduring value for the stakeholders - Customers, Associates,
Investors and Society.
In order to guide their leaders to be aligned with the Company's vision, they
have adopted a common framework called "Micro Sec.Way". The way leads
to the North Star, their vision besides allowing the Associates to have freedom
to produce deliverables on target. Their
businesses are organized under three streams: Relationships, Projects and
Processes. Every business that impacts their stakeholders is entrusted to a
leader who assumes end-to-end responsibility. These leaders have actionable,
but stretch goals, and follow a metrics-driven approach.
Subject relies upon the
Company's core competencies that are primarily anchored on the professional and
personal strengths of each Associate. These competencies combine to form
successful Micro Sec. Teams, and include:
Design and Engineering
• Development and Financing
• Implementation Management
• Procurement and Logistics
• Project Management
• Technology Deployment
LEADERSHIP
THROUGH SECURITY:
Subject is only
one Anti Terrorism Security providing Company in
With established credentials in executing complex and challenging projects in
all kinds of environment, Subject has repeatedly delivered security projects on
time and of the highest quality.
An abundance of resources like People, Plant and Equipment, Finances etc, has
enabled them to establish an enviable record in the Centralized Security
Management Systems. Subject committed to the highest standards of quality.
COMPANY
INTERNATIONAL PARTNER:
Homeland Security Strategies Inc. USA partnering
associates take advantage of their team's nearly half century experience in
security manufacturing, consulting, and marketing to the security industry.
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.48.50 |
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|
1 |
Rs.70.02 |
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Euro |
1 |
Rs.67.95 |
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 |
4 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
1 |
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--CREDIT LINES |
1~10 |
1 |
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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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19 |
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 |
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