MIRA
INFORM REPORT
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Report Date : |
05.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
KALYX INFOTECH PRIVATE LIMITED |
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Registered Office : |
423, Kaliandas Udyog Bhavan, Near Century Bazar, Prabhadevi, Mumbai –
400025, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
10.03.2005 |
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Com. Reg. No.: |
11-151881 |
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CIN No.: [Company
Identification No.] |
U30009MH2005PTC151881 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMK14156C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Dealer of Notebooks (HP Lenovo), Palmtops, Handhelds, Desktops, etc. |
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 21255 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Ms. Aarti, Accounts Assistant of the company confirmed the details. Subject is an established company having satisfactory track records. Trade relations are fair. Payments are usually correct and as per
commitments. Nothing adverse reported. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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INFORMATION PARTED
BY
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Name : |
Ms. Aarti |
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Designation : |
Account Assistant |
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Contact No.: |
91-9867368459 |
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Date : |
27.06.2008 |
LOCATIONS
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Registered Office : |
423, Kaliandas Udyog Bhavan, Near Century Bazar, Prabhadevi, Mumbai –
400025, Maharashtra, India |
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Tel. No.: |
91-22-24301769/ 24227895 |
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Fax No.: |
91-22-24227895 |
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E-Mail : |
vasantvartak@kalyaniinformix.com
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Website : |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Vasant Vasudev Vartak |
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Designation : |
Director |
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Address : |
703, Rahul Apartments II, Baburao Parulekar Marg, Dadar (West), Mumbai
– 400028, Maharashtra, India |
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Date of Birth/Age : |
24.08.1966 |
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Qualification : |
Graduate |
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Date of Appointment : |
10.03.2005 |
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Name : |
Mrs. Pallavi Vasant Vartak |
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Designation : |
Director |
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Address : |
703, Rahul Apartments II, Baburao Parulekar Marg, Dadar (West), Mumbai
– 400028, Maharashtra, India |
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Date of Birth/Age : |
30.06.1970 |
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Date of Appointment : |
10.03.2005 |
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Name : |
Mr. Vasudev Laxman Vartak |
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Designation : |
Director |
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Date of Birth/Age : |
70 Years |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 31.03.2008
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Names of Allottees |
No. of Shares |
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Mr. Vasant Vasudev Vartak |
120000 |
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Mrs. Pallavi Vasant Vartak |
120000 |
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Total |
240000 |
Equity share breakup
(Percentage of total equity)
As on 31.03.2007
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Sr. No. |
Category |
Percentage |
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1. |
Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Dealer of Notebooks (HP Lenovo), Palmtops, Handhelds, Desktops, etc. |
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Products : |
v Note Books Ř HP Corporate Notebooks Ř Lenovo Notebooks Ř Toshiba Notebooks v
Palmtops v
Handhelds Ř HP IPAQ Range v
Desktops Ř Hp Corporate Series Ř KI Brand Assembled Pcs Ř Lenovo v
Servers Ř Hp Proliant Series Ř KI Branded Original Intel Assembled Servers Ř IBM X Series For Intel Servers Ř Unix Servers - The Hp Series Of Unix Servers, IBM P And I Series v
Printers Ř Dotmatrix: Epson And Wipro Epson Ř Laser Printer: Hp Brand Ř Inkjet Printer: Hp Brand Ř Line Printer: Wep Brand Printer v
Networking Ř Switches: Cisco, Hp Procurve, 3com, Dlink Ř Cabling: Avaya, Krone For Cat6, Ecat Fibre Cabling Ř Routers: Cisco Ř Racks: Rittal, WQ Systems, President Systems Ř Network Cards: 3COM, Dlink v
Memory
Accessories Ř Kingston, Hynix and all different types of PCMICIA, Pen Drives v
Other Products Ř All Hardware Accessories. |
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Terms : |
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Selling : |
Cash and Credit ( 30 days) |
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Purchasing : |
Credit ( 30 days) |
GENERAL
INFORMATION
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No. of Employees : |
90 |
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Bankers : |
Bank of India Dadar (West) Branch, Gokhale Road (North), Mumbai – 400028,
Maharashtra, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S D Khanolkar and Company Chartered Accountants |
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Address : |
210, Jolly Bhavan 2, 51, New Marine Lines, Churchgate, Mumbai –
400002, Maharashtra, India |
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Sister Concerns : |
v Kalinfo Computer
Services Private Limited, Prabhadevi v Kalyani Informix
Private Limited |
CAPITAL STRUCTURE
(As on
31.03.2007):-
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity shares |
Rs. 10/- each |
Rs. 0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity shares |
Rs. 10/- each |
Rs. 0.100 million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
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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0.100 |
0.100 |
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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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4.151 |
1.874 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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4.251 |
1.974 |
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LOAN FUNDS |
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1] Secured Loans |
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2.290 |
1.775 |
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2] Unsecured Loans |
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2.120 |
0.000 |
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TOTAL BORROWING |
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4.410 |
1.775 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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8.661 |
3.749 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
0.000 |
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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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3.496 |
0.964 |
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Sundry Debtors |
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19.698 |
13.745 |
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Cash & Bank Balances |
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0.368 |
0.279 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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2.414 |
0.417 |
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Total
Current Assets |
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25.976 |
15.405 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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14.949 |
10.587 |
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Provisions |
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2.377 |
1.084 |
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Total
Current Liabilities |
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17.326 |
11.671 |
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Net Current Assets |
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12.399 |
3.734 |
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MISCELLANEOUS EXPENSES |
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0.011 |
0.014 |
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TOTAL |
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8.661 |
3.749 |
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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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109.757 |
55.526 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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109.757 |
55.526 |
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Profit/(Loss) Before Tax |
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3.577 |
2.960 |
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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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3.577 |
2.960 |
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Expenditures : |
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Interest |
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0.554 |
0.003 |
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Other Expenditure |
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105.626 |
52.563 |
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Total Expenditure |
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106.180 |
52.566 |
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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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3.26 |
5.33 |
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Net Profit Margin (PBT/Sales) |
(%) |
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3.26 |
5.33 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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13.77 |
19.21 |
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Return on Investment (ROI) (PBT/Networth) |
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0.84 |
1.50 |
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Debt Equity Ratio (Total Liability/Networth) |
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4.07 |
5.91 |
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Current Ratio (Current Asset/Current Liability) |
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1.50 |
1.32 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES
v Rediff.com – Mumbai, Maharashtra, India
v Kuoni travels – Mumbai, Maharashtra, India
v Tata Tele Services – Mumbai, Maharashtra, India
FORM 8
|
This form is for |
Creation of charge |
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Corporation identity number (CIN) or foreign company registrations number of the company |
U30009MH2005PTC151881 |
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Name of the company |
KALYX INFOTECH PRIVATE LIMITED |
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Address |
423, Kaliandas Udyog Bhavan, Near Century Bazar, Prabhadevi, Mumbai –
400025, Maharashtra, India |
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Type of Charges |
Book debts |
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Particular of the charge holder |
Name : Bank of India Address : Dadar (West) Branch, 61, Gokhale Road (North), Mumbai State : Maharashtra ISO country code : IN Pin code : 400028 e-mail ID: boidadarwbr@mtnl.net |
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Nature or description of the instrument creating or modifying the charge |
Charge and hypothecation of book debts. |
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Date of the instrument creating charge |
23.12.2006 |
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Whether charge created or modified outside India |
Rs. 2.000 millions |
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Amount Secure by the charge |
Rate
of Interest 0.25%
below BPLR minimum11.25% p.a. presently with quarterly rests. Terms
of repayment Repayable
on demand Margin
40% Extent
and operation of the charge Book
debt drawing limit Rs. 2.000 millions. Security to continue not with standing
credit balances in the account. Others Borrower
company to furnish to the bank such returns/ statements as may be required of
it from time to time. |
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Short particulars of the Property charged |
Present and Future book debts, outstandings, moneys receivables, claims, bills which are now due or may become owing from any persons, firms, company/ body corporate/ Government or its department/ office/ municipal or local/ public/ semi government body/ project during the continuance of this security. |
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Whether any of the property or interest therein under reference is not registered in the name of the company |
Yes |
As Per Website Details
v
The philosophy: Commitment to the Customer Service always
first
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80% of the man power have technical qualifications.
v
They have In-house specialists
to solve any Hardware and Networking related problems.
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The team is geared up to provide solutions
for Networking environment
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They sell what they can Support them selves
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As a Hardware and Networking Solutions Company they primarily focus on providing IT based solutions.
v
Other than Mumbai, they can provide services through the principals at
major metros and various
cities all over India.
They seek clients who understand the importance of first rate support
and they are always charged to provide them the best of the service. PC has
become a commodity like product for major vendors in the competition. The
Service aspect now forms the defining aspect of Orders and not the Product
alone. Presently, in the PC Business they have only few major Global Players
like HP, Dell, Lenovo.
They have the pleasure in bringing across the whole set of product range
with the strength of Service being the Authorised Service Provider. They are
Tier 1 partners and Enterprise Business Partners of HP,
as the highest level Accredition. As Tier 1 they buy directly from HP.They are
proud to mention that there are only 4 Partners in India at Tier 1 Level
enabling us to offer even the High End Unix Servers and High End Storage
Solutions, Color Certified Partner to offer Printer Solutions.
They are a Service Driven Company in the business of Facilities
Management and End to End Solution
implementation.
Kalyx Infotech has large installations all over
India. They undertake turnkey Networking based projects. They are resellers for
Krone and Avaya cabling and the accessories needed.
Awards
They have received the Hewlett
Packard Achiever's Award in recognition of the contribution
towards Best Partner Mid market in the
Financial year 2007.
They have received the HP
Outstanding Services Business Performance award for the
financial year 2007.
Kalyx Infotech received the Best
Performance award - HP Industry Standard Servers from Partners Achiever
Circle - Solution Partners Organization - Asia Pacific and Japan, at
Seol in 2006.
Kalyani Informix received from HP recognition as Best Partner for Service Sales - 2003
Best Regional Enterprise Focus Award
HP VPI partner to Offer 24/7 Service
Certificates
· Compaq Windows NT Integration and Performance Certificate
· Compaq Systems Technologies Certificate
· ProLiant Sales Specialist 2001 Certificate
· HP Authorised Service Delivery Partner Certificate
· HP ProLiant Service Engineer Certificate
Articles
· Channel World issue 04.02.2008 featuring Kalyx Infotech.
· Computer Reseller News issue 01.01.2008 featuring Kalyx Infotech.
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 :
The 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.
The 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. 43.21 |
|
UK Pound |
1 |
Rs. 85.72 |
|
Euro |
1 |
Rs. 67.92 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
|
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, they have no basis upon which to
recommend credit dealings |
No Rating |
|