MIRA
INFORM REPORT
|
Report Date : |
02.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TEAM COMPUTERS PRIVATE LIMITED |
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Registered Office : |
No. 1, Mohammad Pur, New Delhi-110066 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
19.06.1987 |
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Com. Reg. No.: |
55-28384 |
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CIN No.: [Company
Identification No.] |
U74899DL1987PTC028384 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader of IT Equipments and IT Related Services |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 290000 |
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Status : |
Good |
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` |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established company having satisfactory track records. Directors are
reported as experienced, respectable and having satisfactory means of their
own. Their trade relations are fair.
Payments are usually correct. |
LOCATIONS
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Registered Office : |
No. 1, Mohammad Pur, New Delhi-110066, India |
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Tel. No.: |
91-11-26162106 / 42004200 |
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Fax No.: |
91-11-26188834 / 42004206 |
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E-Mail : |
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Website : |
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Corporate Office : |
# 1, Village
Mohammadpur, New Delhi – 110 066, India |
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Tel. No.: |
91-11-26109775/26105431 |
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Fax No.: |
91-11-26188834/26182674 |
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Branches : |
·
Mr.
Anupam Bhatanagar ·
Mr.
Ranaroy ·
Mr.
Abhinav Srivastava ·
Mr.
Joel Davitoria ·
Mr.
Jay Prakash Aggarwal ·
Mr.
Amit Hidare ·
Mr.
K.P.Tiwari ·
Mr.
Kartik ·
Mr.
Abdul Latheef ·
Mr.
Saravanan Tel No. 91-40-
27894710/2784019 ·
Mr
T. Sunil Kumar Tel No :
91-413-2330415/5200749 ·
Mr.
Mohammed Amanullah Tel No : 91-421-3092299 ·
A.Madhavan ·
Mr.
Bivash Das Mr. Anurag IInd Floor, 180, S.P Mukherjee Road,
Kolkata-700026 Tel No.91-33-24657613/24657614 E-Mail: Anurag@Teamcomputers.Com |
DIRECTORS
|
Name : |
Mr. Prakash C. Chidambaram |
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Designation : |
Director |
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Address : |
246, GH-9, Pashchim Vihar, New Delhi-110063, India |
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Date of Birth/Age : |
20.06.1961 |
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Date of Appointment : |
01.10.2005 |
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Name : |
Mr. Henry Charles Ellis |
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Designation : |
Whole Time Director |
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Address : |
4348, B 5 and Vasant Kunj, Delhi-110070, India |
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Name : |
Mr. Ranjan Chopra |
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Designation : |
Director |
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Address : |
85, Uday Park, New Delhi NCT, Delhi-110049, India |
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Date of Birth/Age : |
01.10.1960 |
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Date of Appointment : |
19.06.1987 |
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Name : |
Mr. Sanyogta
Chopra |
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Designation : |
Director |
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Address : |
4230, Sector D, Pocket IV Vasant Kunj, New Delhi-110070, India |
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Date of Birth/Age : |
07.01.1941 |
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Date of Appointment : |
01.03.1989 |
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Name : |
Mr. Avadaiappan Rajendran |
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Designation : |
Director |
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Date of Birth/Age : |
04.10.1964 |
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Date of Appointment : |
01.10.2005 |
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Name : |
Mr. Chengalraju Amara Verma |
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Designation : |
Director |
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Date of Birth/Age : |
16.04.1966 |
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Date of Appointment : |
01.10.2005 |
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Name : |
Mr. Sanjeev Rao Maddila |
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Designation : |
Director |
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Date of Birth/Age : |
01.10.1962 |
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Date of Appointment : |
01.10.2005 |
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Name : |
Mr. Palepu Sudhir Rao |
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Designation : |
Director |
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Date of Birth/Age : |
15.04.1961 |
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Date of Appointment : |
01.10.2005 |
KEY EXECUTIVES
|
Name : |
Chadha and
Associates |
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Designation : |
Company Secretary |
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Address : |
29A/1, Asif Ali Road, New Delhi – 110002, India |
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Tel. No.: |
91-11-23231326 / 23236183 / 23231847 |
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E-mail: |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2005
|
Names of Shareholders |
|
No. of Shares |
|
Ranjan Chopra |
|
43199 |
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Sanyoata Chopra |
|
641 |
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Shyam Sunder Chopra |
|
660 |
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Total |
|
44500 |
Equity Share Breakup (Percentage of Total Equity) As on 30.09.2007
|
Category |
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Percentage |
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Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of IT Equipments and IT Related Services |
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Terms : |
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Selling : |
Credit (30 days) |
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Purchasing : |
Cash or Credit
(14 days) |
GENERAL
INFORMATION
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Suppliers : |
·
Ingram Micro
India Limited, India ·
Tech Pacific
India Limited, India |
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Customers : |
·
Airport
Authority of India ·
Indian
Airlines ·
KLM Dutch
Airlines ·
Singapore
Airlines ·
Sahara
Airlines ·
Jet Airways ·
Avon.com ·
Amway ·
Bausch and
Lomb ·
GE
Countrywide ·
Rayban ·
Tupperware ·
Sungro Seed
Exports ·
Whirlpool ·
Pidilite ·
AMC Cookware
(India) ·
NIIT ·
BHEL ·
Crompton
Greaves ·
Export
Promotion Council ·
American
Express ·
IDEA
Cellular ·
Airtel ·
Tata
Teleservices ·
Minda
Industries ·
Dorr Oliver ·
Gulf Oil ·
Shell Gas |
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Bankers : |
o
Vijaya Bank
Bhikaji, New Delhi, India o
Citi Bank
NA, Jeevan Vihar, 3 Sansad Marg, New Delhi-110001, India o
YES Bank
Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besent Road, Worli, Mumbai-400018, Maharashtra, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Walker Chandiok and Company Chartered Accountants |
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Address : |
L41, Connaught Circus, New Delhi-110001, India |
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Associates/Subsidiaries : |
Black Magic Toners Private Limited U72900DL1999PTC099880 Team Serve IT Services Private Limited U72900DL2003PTC120168 |
CAPITAL STRUCTURE
As on 29.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
47500 |
Equity Shares |
Rs.100/-
each |
Rs. 4.750
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
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 |
4.750 |
4.750 |
4.750 |
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2] Share Application Money |
0.000 |
0.000 |
0.500 |
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3] Reserves & Surplus |
54.504 |
43.710 |
28.212 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
59.254 |
48.460 |
33.462 |
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LOAN FUNDS |
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1] Secured Loans |
57.185 |
15.149 |
6.080 |
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2] Unsecured Loans |
0.000 |
0.179 |
0.000 |
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TOTAL BORROWING |
57.185 |
15.328 |
6.080 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.547 |
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TOTAL |
116.439 |
63.788 |
40.089 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
34.999 |
24.052 |
15.711 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
5.080 |
2.530 |
2.520 |
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DEFERREX TAX ASSETS |
2.284 |
0.942 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
29.928
|
28.640 |
13.894 |
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Sundry Debtors |
273.658
|
184.443 |
124.629 |
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Cash & Bank Balances |
5.588
|
4.426 |
2.874 |
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Other Current Assets |
0.229
|
0.140 |
0.131 |
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Loans & Advances |
37.106
|
27.250 |
13.447 |
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Total
Current Assets |
346.509
|
244.899 |
154.975 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
231.564
|
179.080 |
114.911 |
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Provisions |
40.869
|
29.555 |
18.206 |
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Total
Current Liabilities |
272.433
|
208.635 |
133.117 |
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Net Current Assets |
74.076
|
36.264 |
21.858 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
116.439 |
63.788 |
40.089 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
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Sales Turnover |
|
1355.309 |
1013.656 |
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Other Income |
|
0.000 |
0.000 |
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Total Income |
|
1355.309 |
1013.656 |
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Profit/(Loss) Before Tax |
|
18.996 |
28.759 |
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Provision for Taxation |
|
6.731 |
10.467 |
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Profit/(Loss) After Tax |
|
12.265 |
18.292 |
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Expenditures : |
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Depreciation & Amortization |
|
7.913 |
4.396 |
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Other Expenditure |
|
1328.400 |
980.501 |
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Total Expenditure |
|
1336.313 |
984.897 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
0.90
|
1.80 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
1.40
|
2.84 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
4.88
|
10.56 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.59 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
|
5.56
|
4.62 |
4.16 |
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Current Ratio (Current Asset/Current Liability) |
|
1.27
|
1.17 |
1.16 |
LOCAL AGENCY
FURTHER INFORMATION
Bankers Charges Report as per Registry
|
Name of the
company |
TEAM COMPUTERS PRIVATE LIMITED |
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Presented By |
Mr. Rajan Chopra |
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1) Date and
description of instrument creating the change |
Deed of
Hypothecation dated 25.06.2005 |
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2) Amount secured
by the charge/amount owing on the securities of charge |
INR 35 MN |
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3) Short
particular of the property charged. If the property acquired is subject to
charge, date of the acquired of the property should be given |
First Pari passu charge
on present and future sock and debts. |
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4) Gist of the
terms and conditions and extent and operation of the charge. |
Cash Credit @10% |
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5) Name and
Address and description of the person entitled to the charge. |
YES Bank Limited,
48, NAYAYA Marg, New Delhi, India |
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6) Date and brief description of instrument
modifying the charge |
N.A |
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7) Particulars of
modifications specifying the terms and conditions or the extent of operations
of the charge in which modification is made and the details of the
modification. |
N.A |
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This form is for |
Modification of
charge |
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Charge
identification number of the modified
|
80001263 |
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Corporate
identity number of the company |
U74899DL1987PTC028384 |
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Name of the
company |
TEAM COMPUTERS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
No. 1, Mohammadpur, New Delhi-110066, India |
|
Type of charge |
Book Debts Movable Property Immovable
Property Others |
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Particular of
charge holder |
Citi Bank NA,
Jeevan Vihar, 3 Sansad Marg, New Delhi-110001, India |
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Nature of
description of the instrument creating or modifying the charge |
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Date of
instrument Creating the charge |
23.04.2007 |
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Amount secured by
the charge |
Rs. 30.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As agreed in the agreement
referred to in clause 8 above Terms of
Repayment As agreed in the
agreement referred to in clause 8 above Margin As agreed in the
agreement referred to in clause 8 above Extent and
Operation of the charge
|
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Short particulars
of the property charged |
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Date of latest
modification prior to the present modification |
30.03.2006 |
|
Particulars of
the present modification |
Increase the
following charge for facilities of Rs. 30.000 Millions (Limit has been enhanced
from Rs. 25.000 Millions to Rs. 30.000 Millions as under Rs. 20.000 Millions
Cash Credit and Rs. 10.000 Millions BG/LC)
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AS PER WEBSITE
History
Incorporated on January 2, 1988, Subject is largest IT Infrastructure
Solution provider supporting more than 600 customers across the country.
The company has wed the best-in-class global processes and
has kept in pace with the evolving needs of its clients & the ever changing
strides of the IT industry. The company measures its success only by the
satisfaction level of its customers and associates.
With a massively intensive network spread across the Indian sub-continent
subject is the premier service provider to all IT solutions with expertise in
the following domains:
• Infrastructure Management Services
• Infrastructure Build Solutions
• Information Services, ERP and Business Intelligence
• Remote Infrastructure 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.27 |
|
UK Pound |
1 |
Rs.86.28 |
|
Euro |
1 |
Rs.68.24 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
58 |
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 |
|