MIRA
INFORM REPORT
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Report Date : |
25.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
GRAPHLINE COMPUTERS PRIVATE LIMITED |
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Registered Office : |
Sinha Sadan, Tarpur Road No. 1, Patna – 800001, Bihar |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
24.10.1989 |
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Com. Reg. No.: |
03 – 3613 |
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CIN No.: [Company
Identification No.] |
U00892BR1989PTC003613 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
They are Dealer and Distributor of Computer Parts only for “HP”. |
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 19675 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company meeting its normal
commitments timeously. Trade relations are fair. Business is active. The company can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. D P Sinha |
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Designation : |
Director |
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Contact No.: |
91-9312435677 |
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Date : |
24.07.2008 |
LOCATIONS
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Registered Office : |
Sinha Sadan, Yarpur Road No. 1, Patna – 800001, Bihar, India |
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Mobile No.: |
91-9334200612 / 9312435677 / 9312435842 |
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Fax No.: |
91-11-42430141 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Corporate Office : |
107, 2nd Floor, Shankar Road Market, (Above Reliance Web
World), New Rajendernagar, New Delhi – 110060, India |
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Tel No.: |
91-11-47037141/ 47037148 / 42430141/ 42430641 |
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Fax No.: |
91-11-42430141 |
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E-mail : |
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Branch Office : |
204 A, Skylark Building, 60, Nehru Place, New Delhi – 110 019, India |
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Tel No.: |
91-11-41306711/ 41306712 |
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Branch Office : |
Harihar Chamber, Space 16 A, Boring Road, Patna – 800 001, Bihar,
India |
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Tel No.: |
91-612-3259090 |
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Mobile No.: |
91-9334200612 |
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E-mail.: |
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Regional Office
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Ground Floor, Space 16 A, Opp. Pandubi Road, Boring Road, Patna – 800
001, Bihar, India |
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Regional Office
: |
Brauni Refinery Township, Dist.: Begusarai, Bihar, India |
DIRECTORS
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Name : |
Mr. Dineshwar Prasad Sinha |
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Designation : |
Managing Director |
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Address : |
Yarpur Road No. 1, Patna – 800001, Bihar, India |
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Date of Birth/Age : |
02.10.1966 |
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Qualification : |
MBA |
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Date of Appointment : |
24.10.1989 |
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Name : |
Mr. Ratneshwar Prasad Sinha |
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Designation : |
Director |
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Address : |
Yarpur Road No. 1, Patna – 800001, Bihar, India |
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Date of Birth/Age : |
01.10.1964 |
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Qualification : |
M.Com |
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Date of Appointment : |
24.10.1989 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2005
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Names of Shareholders |
No. of Shares |
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Mr. Ratneshwar Prasad Sinha |
1700 |
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Mr. Dineshwar Prasad Sinha |
8200 |
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Mr. Rajeshwar Prasad Sinha |
1700 |
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Mrs. Rati Devi |
2700 |
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Mr. Someshwar Prasad Sinha |
1700 |
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Mrs. Anita Sinha |
5200 |
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Mr. Dineshwar Prasad Sinha |
2800 |
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Total |
24000 |
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 : |
They are Dealer and Distributor of Computer Parts only for “HP”. |
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Products : |
v Laptops v Desktops v Servers v Storage v Printers v Plotters v Work Stations v Options/
Accessories |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
v Wholesalers v Retailers v End Users Major Customers v
Indian Oil Corporation
Limited v
Reserve Bank of India. v
Jay Prakash Industries. v
Airport Authority of India. v
Fiem Industries Limited v
Allhabhad Bank. v
Jayprakash Institute of
Information Technology. v
National Thermal Power
Corporation, Kahalgoan. v
Bank of India. v
Gammon India Limited v
Larson and Tubro India v
Delhi University Center For
High Technology – a division of IOCL v
Indian Oil Marketing
Division –World Trade Center v
Army Head Quarter South
Block New Delhi v
CASA New Delhi v
Leprosy Mission Hospital
(New Delhi) v
KLG Systel – Gurgaon v
StarexInternational School v
Reebok JCT Limited v
Euro Motors v
ACC Cement v
Hinode Technologies v
STQC v
Delhi Public School v
Dharampal and Satpal Group
Tecnova Institute of Company Seretaries of India v
Ascent air v
AVL India v
Varian India v
PCI Ltd v FICCI |
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No. of Employees : |
Total : 30 ( Office : 6, Factory : 24) |
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Bankers : |
v Allahabad Bank v Bank of India Rajendranagar, Boring Road, New Delhi –
110092, India v
Andhra Bank Karol Bagh, New Delhi – 110092, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Laxmi Agarwal Bose and Company Chartered Accountants |
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Address : |
H/O Justice P S Sahay, Mauryalok Path, Patna – 800001, Bihar, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity shares |
Rs. 10/- each |
Rs. 0.500 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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24000 |
Equity shares |
Rs. 10/- each |
Rs. 0.240
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 |
0.240 |
0.240 |
0.240 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2.151 |
1.894 |
1.822 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2.391 |
2.134 |
2.062 |
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LOAN FUNDS |
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1] Secured Loans |
0.054 |
0.205 |
0.343 |
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2] Unsecured Loans |
1.490 |
1.864 |
0.260 |
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TOTAL BORROWING |
1.544 |
2.069 |
0.603 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.007 |
0.015 |
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TOTAL |
3.935 |
4.210 |
2.680 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.868 |
0.730 |
0.781 |
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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 |
0.023 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
12.900
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9.047 |
1.511 |
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Sundry Debtors |
9.895
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8.970 |
11.477 |
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Cash & Bank Balances |
0.211
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0.110 |
0.562 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
1.090
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0.674 |
0.861 |
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Total
Current Assets |
24.096
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18.801 |
14.411 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
20.789
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15.167 |
12.318 |
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Provisions |
0.263
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0.154 |
0.194 |
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Total
Current Liabilities |
21.052
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15.321 |
12.512 |
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Net Current Assets |
3.044
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3.480 |
1.899 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
3.935 |
4.210 |
2.680 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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8.80
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7.18 |
6.07 |
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Current Ratio (Current Asset/Current Liability) |
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1.14
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1.23 |
1.15 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References
v HP
Form 8
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Name of the company |
GRAPHICLINE COMPUTERS PRIVATE LIMITED |
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Presented By |
Mr. Dineshwar Prasad Sinha, Managing Director |
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1) Date and description of instrument creating the change |
Composite of agreement dated 18.09.2003 |
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2) Amount secured by the charge/amount owing on the securities of charge |
(i) Rs. 0.200 million open cash credit, Hypothecation of stock, movable property of every description general items overall goods, stock and other assets. (ii) Rs. 0.100 million (BG Limit) Counter guarantee of the company Rs. 0.100 million (BG Limit) against counter guarantee of company. |
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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 |
As per sanction letter dated 18.09.2003as a documents attached. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
As per sanction letter dated 18.09.2003as a documents attached. Interest – 11.25% Margin – 30% (25% for BG) |
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5) Name and Address and description of the person entitled to the charge. |
Andhra Bank Karol Bagh, New Delhi – 110005, India |
As Per Website Details
Graphline is a Business Enterprise promoted by IT icon
having established Primer Business. The inception is with the idea of providing
value added Products and support to Customers. Graphline has sold and is
providing support to various reputed Indian Corporate, Multinationals, Software
Houses and Government Organizations.
They first started with Digital that later on merged with Compaq and shortly
with Hellwet Packard (HP). The Authorities trusted us because of the stringent
service standards and dedicated resource force. As a continual process they
have build a Platform to carter the needs of the cliental. The support
engineers are well equipped and qualified to attend customer calls at a minimum
uptime. As one of the strengths they provide Component level Support for
Laptop, Server, Desktop in the areas where HP does not have direct service
representation.
The reason behind the dynamic growth has been consistent business that they
attract from the existing clientele
and from the new accounts everyday. They have a setup for providing quality support and efficient manpower to handle calls within minimum time. The Manpower includes call-coordinator; support Manager, Qualified engineers and delivery boys who have always scored high on the customer satisfaction list.
The Partners include Digital/ Compaq & Hewlett Packard from last fifteen Years in New Delhi and Patna. In the 1st year of operations from New Delhi, They sold the maximum units of laptops from a single Compaq retail outlet in India. And preserved the momentum with another award i.e. Mughal Mobile for its Achievements in the HP meet in Kenya for year 2003 & 2005 in Switzerland.
Objectives
They endeavors to reach the Zenith Of Business Excellence through value based
service and Uncompromising quality, thereby ensuring complete costumer
satisfaction. For us Quality is a life giving force, a source of sustenance and
the way to the heart of costumers. The company is never content with costumer
satisfaction, but strives for costumer delight. Therefore the objectives are:
v To develop business models & strategies that to maximize shareholders.
v To be forerunner in providing computer hardware solutions.
v To ensure complete costumer satisfaction through quality norms and systems of World standards with round the clock support.
v Develop and retain key resource capabilities- (technologies and people).
v To evolve into a continuously learning organization.
Business Areas
Graphline is engaged into marketing and servicing of Computer / Laptop / UPS / Servers/
Printer/ Scanner / Backup Hardware and is also involved in the networking
solutions.
They Provide Detailed Consultation on the technical specifications and detailed
product features for the vast range that is available with the Principal
Brands. The Support and Marketing Team also takes care of costumer requirements
and accesses their requirements in terms of deployment in the domains specified
by them. This leads to cost reduction, enhancement in efficiency and
elimination of paper work with the proper time management.
Growth Potential
In an intensely competitive and consumer driven market like that of Information
Technology, The survival of an organization hinges on one crucial factor i.e.
its accessibility, especially from the customer’s site. As downtime implies
huge revenue losses to clients expect and demand real- time support from their
vendors. Graphline has deployed a core team in Sales & Marketing / Customer
Support realizing the need for a “proactive customer support”.
They endeavor to keep the response time from 1hrs to 4hrs from the time when
the call is registered with us. They have sold and are maintaining over 10000
installations in the period of 13 years.
Clientele:
Graphline is focused on implementing stringent monitoring at different levels.
The Customer Interest is safeguarded through a vigorous quality assurance
program, due to which it delivers Excellent Service. The emphasis is on
implementing modern techniques and methods in Quality control, which gives the
company a competitive edge in the global Market. They have always ranked high
on the list of satisfaction among the IT savvy individuals and organizations.
Service
The Costumer Support Group, which provides service and support for the Systems,
Servers, Peripherals and LAN are strength of the growth.
It is the unparallel costumer support team that brings repeated Orders and binds the satisfied valued customer with the organization.
The expertise in product Management services help to provide an effective
solution by ensuring detailed planning and liaison between all concerned and
offers advice on the Design, Implementation and Support of Networking and
Internet.
At the end, they at Graph line Computers Private Limited Practices three Basic
fundamentals principles in the operations, i.e.
v Commitment to excellence
v Technical Details and competitive aspects
v Continuous and unparallel customer support
Success on the product front is something that any Indian IT Hardware company would like to flaunt. Graphline, which belong to its elite fold already, has been dealing with the products of HP/ Compaq.
Human Resource and Development
“People make
the company” Graphline considers its human resources as its greatest
asset. They have in place a very strong and talented human resource department,
which plays an active role in bringing quality and responsible Projects for
customer satisfaction.
The Human Resources is never contented only by recruiting the best talents in
the industries, Graphline strives to hone their existing skills through
rigorous in house trainings, seminars, and workshops. They thus ensure to
deliver Quality Work and Satisfied Services to the clientele.
Values
Achieving a rigorous set of objectives is no
mean task and achieving them ethically is even harder, but not for
us. They firmly believes on the following set of principles:
v
Maximize profitability through costumer
centric practices.
v
Working environment to encourages creativity
and teamwork.
v
Consider costumers, vendors and channels as
business partners.
Achievements
Awarded for Best Reseller for Digital PC in 1992.
Channel excellence award fom HP in 1997- 98.
Best All India Mobile Partner from COMPAQ in 2002
Best MobilePartner from HP 2003 ,2004,2005, 2006
and 2007
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 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. 42.23 |
|
UK Pound |
1 |
Rs. 83.88 |
|
Euro |
1 |
Rs. 66.41 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
|