MIRA
INFORM REPORT
|
Report Date : |
16.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TELEMART COMMUNICATION INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
K-19, 1st Floor, Lajpat Nagar-II, New Delhi-110024 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
07.09.2000 |
|
|
|
|
Com. Reg. No.: |
107581 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74999DL2000PTC107581 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELT03458A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Distributor and Importer of Samsung Mobile |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 2200000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having fine track. Available
information indicates high financial responsibilities of the company. Trade
relations are fair. General financial position is good. Payments are reported
as usually correct and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Ashok Kumar |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9910999229 |
|
Date : |
18.04.2008 |
LOCATIONS
|
Registered Office : |
K-19, 1st Floor, Lajpat Nagar-II, New Delhi-110024, Delhi,
India |
|
Tel. No.: |
91-11-29842211/2984511/ 46508043/ 65653577 |
|
Mobile No.: |
91-9910999229/ 9811220220 |
|
Fax No.: |
91-11-29839041/ 46508043 |
|
E-Mail : |
|
|
|
|
|
Head Office : |
Shop No. 1 AB, Community Centre, Safdarjung Enclave, New Delhi-110029, India |
|
Tel. No.: |
91-11-26191972/73, 216160949/625/528 |
|
Fax No.: |
91-11-26160448 |
|
|
|
|
Branches : |
All over India :- Lakhnow :- Patna :- Tarwoon :- Bhuvneshwar :- Chandighad :- Dehradun :- Zirakpur :- Gurgaou :- Jaipur C-5/ 15 Vasant Kunj, New Delhi-110070, India Tel. No.: 91-11-26134259 Fax No.: 91-11-22054883 |
DIRECTORS
|
Name : |
Mr. Mukesh Kumar Gupta |
|
Designation : |
Director |
|
Address : |
523, A, Sainik Farm, New Delhi - 110063 |
|
Date of Birth/Age : |
45 Years |
|
Date of Appointment : |
07.09.2000 |
|
|
|
|
Name : |
Mr. Ashok Gupta |
|
Designation : |
Director |
|
Address : |
C-8/ 8313, Vasant Kunj, New Delhi- 110070 |
|
Date of Birth/Age : |
48 Years |
|
Date of Appointment : |
01.10.2002 |
|
|
|
|
Name : |
Mr. Parul Rai |
|
Designation : |
Director |
|
Address : |
V – 6 Satya Marg, Chanakya Puri, New Delhi |
|
Date of Appointment : |
01.10.2002 |
|
|
|
|
Name : |
Mr. Deepesh Gupta |
|
Designation : |
Director |
|
Date of Appointment : |
28.09.2005 |
|
|
|
|
Name : |
Mrs. Rekha Gupta |
|
Designation : |
Director |
|
Address : |
523, A, Sainik Farm, New Delhi - 110063 |
|
Date of Appointment : |
07.09.2000 |
KEY EXECUTIVES
|
Name : |
Suresh Gupta and Associates |
|
Designation : |
Company Secretary |
|
Address : |
350, 2nd Floor, West Guru Angad Nagar, Laxmi Nagar, Delhi –
110092 |
|
Mobile No. : |
91-9312257002 |
|
E Mail : |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 31.03.2007
|
Names of Shareholders |
|
No. of Shares |
|
Mukesh Kumar Gupta |
|
39000 |
|
Ashok Gupta |
|
760000 |
|
Renu Gupta |
|
450000 |
|
Rekha Gupta |
|
39000 |
|
Telecare Network (India) Private Limited |
|
112000 |
|
Total |
|
1400000 |
Equity share capital breakup (percentage of total equity)
As on 30.09.2007
|
Category |
|
Percentage |
|
Bodies Corporate (not mentioned above) |
|
8.00 |
|
Directors or Relatives of Directors |
|
92.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor and Importer of Samsung Mobile |
|
|
|
|
Imports : |
|
|
Products : |
Samsung Mobile |
|
Countries : |
Korea and China |
|
|
|
|
Terms : |
|
|
Selling : |
Credit(30 Days) |
|
|
|
|
Purchasing : |
Credit (30 Days) |
GENERAL
INFORMATION
|
Customers : |
Redistributors |
|
|
|
|
No. of Employees : |
170 |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Radhe Mohan and Associates Chartered Accountants |
|
Address : |
201, AGCR Enclave, Delhi-110092, India |
|
Tel. No.: |
91-11-22376102 |
|
|
|
|
Name : |
RMA and Associates Chartered Accountant |
|
Address : |
201, AGCR Enclave, Opposite Karkardooma Courts, Delhi – 110092, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8000000 |
Equity Shares |
Rs. 10/- each |
Rs. 80.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1400000 |
Equity Shares |
Rs. 10/- each |
Rs. 14.000
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
14.000 |
10.000 |
9.460 |
|
|
2] Share Application Money |
86.350 |
3.600 |
10.000 |
|
|
3] Reserves & Surplus |
471.604 |
105.802 |
70.670 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
571.954 |
119.402 |
90.130 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
158.747 |
153.486 |
36.546 |
|
|
2] Unsecured Loans |
63.518 |
17.077 |
15.310 |
|
|
TOTAL BORROWING |
222.265 |
170.563 |
51.856 |
|
|
DEFERRED TAX LIABILITIES |
0.057 |
0.206 |
0.325 |
|
|
|
|
|
|
|
|
TOTAL |
794.276 |
290.171 |
142.311 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
25.831 |
23.944 |
18.679 |
|
|
Capital work-in-progress |
244.753 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
134.174 |
30.931 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
311.414
|
140.962 |
151.290 |
|
|
Sundry Debtors |
268.192
|
85.495 |
95.132 |
|
|
Cash & Bank Balances |
93.033
|
4.262 |
17.775 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
395.199
|
74.189 |
31.730 |
|
Total
Current Assets |
1067.838
|
304.908 |
295.927 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
650.427
|
27.598 |
149.795 |
|
|
Provisions |
27.893
|
42.014 |
22.500 |
|
Total
Current Liabilities |
678.320
|
69.612 |
172.295 |
|
|
Net Current Assets |
389.518
|
235.296 |
123.632 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
794.276 |
290.171 |
142.311 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
|
|
|
|
|
|
Sales Turnover |
6800.077 |
6999.628 |
5993.996 |
|
|
Other Income |
67.167 |
38.145 |
0.000 |
|
|
Total Income |
6867.244 |
7037.773 |
5993.996 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
76.706 |
52.367 |
59.978 |
|
|
Provision for Taxation |
27.693 |
19.395 |
25.554 |
|
|
Profit/(Loss) After Tax |
49.013 |
32.972 |
37.424 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Change in Stock |
[170452] |
5.990 |
0.000 |
|
|
Financial Charges |
30.956 |
12.719 |
0.000 |
|
|
Depreciation & Amortization |
6.736 |
5.724 |
4.817 |
|
|
Other Expenditure |
6923.298 |
6960.973 |
5929.201 |
|
Total Expenditure |
6790.538 |
6985.406 |
5934.018 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
0.71
|
0.47 |
0.62 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.13
|
0.75 |
1.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.01
|
15.92 |
19.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.44 |
0.67 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.57
|
2.01 |
2.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.57
|
4.38 |
1.72 |
LOCAL AGENCY FURTHER
INFORMATION
Trade References :
- Isco, All over India
- Subhiksha, All over India
- Hot spot, All over Inida
|
This form is for |
Creation of charge |
|
Corporate identity number of the company |
U74999DL2000PTC107581 |
|
Name of the company |
TELEMART COMMUNICATION(INDIA) PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
K-19, Lajpat Nagar-II, New Delhi, Delhi-110024, Inida. |
|
Type of charge |
Others |
|
Particular of charge holder |
State Bank Of India, A-5 South Extension Part-I, New Delhi, Delhi-
110049 |
|
Nature of description of the instrument creating or modifying the
charge |
C-2 Agreement of Hypothecation of Goods and Assets C-5 Letter Regarding The Grant of Individual Limits with in the
overall limit. |
|
Date of instrument Creating the charge |
11.01.2007 |
|
Amount secured by the charge |
Rs. 600.000 Millions |
|
Brief particulars of the principal terms an conditions and extent and operation
of the charge |
Rate of Interest
Commision on B/G and L/C Chargeable As per Bank / RBI Guidelines from
time to time. Terms of
Repayment On Demand Margin 15% Extent and
Operation of the charge First Pari-Passu Charge on Entire Current Assets of The Company Both
Present and Future. Others The above is to secure the following limits: Bank Guarantee : Rs. 60.000 Millions Letter of Credit : Rs. 60.000
Millions Total Maximum : Rs. 60.000 Millions With Both Way Fully Interchangability |
|
Short particulars of the property charged |
All the Current Assets Lying At Company’s Premises, Godowns,
Showrooms, Factory or Any Where Else Including Those Intarnsit |
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.42.40 |
|
UK Pound |
1 |
Rs.82.57 |
|
Euro |
1 |
Rs.65.84 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
63 |
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 |
|