MIRA
INFORM REPORT
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Report Date : |
23.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
CYBER INFO ELECTRONIC SECURITY SYSTEMS PRIVATE LIMITED |
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Registered Office : |
‘Pramukh Pushpa’, 11 Vithal Nagar, Near New Civil Hospital, Camp Road, Shahibaug, Ahmedabad - 380004, Gujarat |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
20.09.2004 |
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Com. Reg. No.: |
04-44769 |
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CIN No.: [Company
Identification No.] |
U31909GJ2004PTC044769 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMC02432D |
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PAN No.: [Permanent
Account No.] |
AACCC5141M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of CC TV Camera and Electronic Security Product. |
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 480 |
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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 small company having satisfactory track. Trade relations are fair. Payments are usually correct and as per
commitments. The company can
be considered normal for business dealings at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Ms. Rani Datwani |
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Designation : |
Manager |
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Contact No.: |
91-9825069325 |
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Name : |
Ms. Ekta |
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Contact No.: |
91-79-26420882 / 883 |
LOCATIONS
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Registered Office : |
‘Pramukh Pushpa’, 11 Vithal Nagar, Near New Civil Hospital, Camp Road, Shahibaug, Ahmedabad -
380004, Gujarat, India |
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Tel. No.: |
91-79-22863023 |
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Fax No.: |
91-79-22885204 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
48/1, Shree Krishna Centre, Above Cross Word, Mithakhali Six Road,
Navrangpura, Ahmedabad – 380 006, Gujarat, India |
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Tel. No.: |
91-79-22863023, 22885204 |
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Mobile No: |
91-9825069360 / 325 |
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Fax No.: |
91-79-22863023 |
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Branches : |
Shreeji Nivas, Near Parle Biscuit Factory, Vile Parle (East), Mumbai –
400057, Maharashtra, India |
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Tel. No.: |
91-22-26827163/164 |
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Mobile No : |
91-9323251183 |
DIRECTORS
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Name : |
Mr. Manish Rameshbhai Patel |
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Designation : |
Director |
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Address : |
11, Vithal Nagar Society, Shahibaug, Camp Road, Ahmedabad – 380 004,
Gujarat, India. |
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Date of Birth/Age : |
20.03.1981 |
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Date of Appointment : |
25.08.2004 |
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Name : |
Ms. Meenaben Patel |
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Designation : |
Director |
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Address : |
11, Vithal Nagar Society, Shahibaug, Camp Road, Ahmedabad – 380 004,
Gujarat, India. |
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Date of Appointment : |
25.08.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2005
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Names of Shareholders |
No. of Shares |
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Mr. Manish Rameshbhai Patel |
8000 |
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Ms. Meenaben Patel |
2000 |
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Total |
10000 |
Equity Share breakup (Percentage of Total Equity)
As on 31.03.2006
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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 : |
Trading of CC TV Camera and Electronic Security Product. |
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Products : |
v Barcode Printers v Barcode Scanners v Metal Printers v Entrance Automation System v Gear Motors for Sliding Gates v Gear Motors for Rolling Shutters v Electromechanical Actuators for Swing Gates v Revolving Doors v Automatic Window Shutter Openers v Automatic barriers v High-Speed Industrial Doors v Automatic Garage Doors v Accessories v Access Control System v Security & Safety Device v Cordless Security System v Hotel Automation System v Fire Extingunishing Ball v Handle Metal Detector v Frame type Metal Detector v Sock Stick v Video Door Phone v Monitor Stand v Magnetic Lock v Speaker Box v IR Lamp v Neteye System v CCTV System v Public Announcement System v Time Attendance & Access Control System v Fire Alarm & Detection System v Intruder Alarm System v Bar-Code Solutions v DVR v Check Point System v Nurse Calling System v Digital Recording System |
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Exports : |
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Countries : |
v Europe v African Countries |
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Imports : |
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Products : |
Electronic Security System |
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Countries : |
v Dubai v China |
GENERAL
INFORMATION
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Suppliers : |
v Rawal
Electronics Private Limited v Pee-aar Exim Private
Limited v Secourtronics
Enterprises v Vision Infosys v Shreeji
Electronics v Maa Bhagwati
Electricals Company v B and U Generice
India |
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Customers : |
v Chokshi V Makanji & Company v Jalaram Ceramica v Rotex Automation Limited v Cavitak Marketin v LKP Forex Limited v Vishakha Poly Fab Private Limited v May Flower Women Hospital v Sheetal Creation Private Limited v Gokul Retolls and Solved Limited v Gateway Technololabs Private Limited v Paras Power Pack Industries v Anshu Disiner Studio v Horizon Microtek Private Limited v British Super Alloyes Private Limited v Videsh Sanchar Nigam Limited v Syncon Formulation |
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No. of Employees : |
50 |
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Bankers : |
Oriental Bank of Commerce |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Ashok Thakkar & Company Chartered Accountants, 201 Aakash Avenue, B/h Ashwamegh Avenue, Near Mithakhali Railway Bridge, Mithakhali, Ahmedabad – 380009, Gujarat, India (Mr Ashok D Thakkar, Proprietor) |
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Tel. No.: |
91-79-26464557 |
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Mobile No.: |
91-9825190435 |
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E-Mail : |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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20,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.200 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 |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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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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0.020 |
0.002 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.120 |
0.102 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.879 |
0.000 |
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TOTAL BORROWING |
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0.879 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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0.999 |
0.102 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.113 |
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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0000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.294 |
0.000 |
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Sundry Debtors |
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2.015 |
0.223 |
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Cash & Bank Balances |
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0.085 |
0.210 |
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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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0.495 |
0.161 |
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Total
Current Assets |
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2.889 |
0.594 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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2.777 |
0.493 |
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Provisions |
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0.229 |
0.003 |
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Total
Current Liabilities |
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3.006 |
0.496 |
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Net Current Assets |
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(0.117) |
0.098 |
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MISCELLANEOUS EXPENSES |
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0.003 |
0.004 |
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TOTAL |
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0.999 |
0.102 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover (Including Other Income) |
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10.016 |
0.499 |
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Total Income |
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10.016 |
0.499 |
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Profit/(Loss) Before Tax |
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0.078 |
0.003 |
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Provision for Taxation |
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0.043 |
0.001 |
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Profit/(Loss) After Tax |
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0.035 |
0.002 |
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Expenditures : |
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Purchases made for re-sale |
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7.416 |
0.454 |
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Direct Expenses |
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0.357 |
0.000 |
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Operating Expenses |
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2.374 |
0.041 |
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Preliminary Expenses W/O |
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0.001 |
0.001 |
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Depreciation & Amortization |
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0.084 |
0.000 |
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Increase/(Decrease) in Finished Goods |
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(0.294) |
0.000 |
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Total Expenditure |
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9.938 |
0.496 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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0.35 |
0.40 |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.78 |
0.60 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.78 |
0.60 |
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Return on Investment (ROI) (PBT/Networth) |
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0.65 |
0.02 |
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Debt Equity Ratio (Total Liability/Networth) |
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25.05 |
4.86 |
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Current Ratio (Current Asset/Current Liability) |
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0.96 |
1.19 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References :
v Ronak Electronics
v Kalki Electronics
v Cyber Security System
v Kishor Madhvani
v Advert Company (China)
v GST Company (Dubai)
v Tkoko Company (China)
As Per Website:
History
They are an ISO 9000:2001
certified company. Established in the year 2000 and named as 'Cyber Info Electronic Security System
Private Limited', they are a growing manufacturing, export, and trading
company. Dealing into different types of security systems and alarms for different purposes, their company
has a huge product range.
CCTV System, PA System, Time Attendance & Access Control System, Fire
Alarm & Security System, Entrance Automation System, Bar-Code Solutions,
DVR, Check Point System –
all these are the main products of their company.
Known for trusted quality they have developed
good market relations in Indian as well as International level. They understand
the responsibility of the work they are engaged into and hence, opt for strict quality check for every item
manufactured in their factory.
To ensure excellent
quality of products, they have highly
qualified team of employees holding professional qualifications like
MBA, B.E., CA, etc. Their contribution to the security automation industry is welcomed
not only by their valued clients but by immediate competitors too.
Sound manufacturing unit, state-of-the-art technology and strong
communication channels are the
key characteristics of their stable success and they are committed to maintain
the status. Prompt delivery schedules
and most competitive rates are the special features of their company.
They offer the most
effective and hassle-free security systems and are keeping in view the needs
and requirements of the clients regularly and try to use innovative ideas.
Profile
Subject is the
brainchild of Mr. Manish Patel, a young entrepreneur from Ahmedabad, India.
Initially, in the year 1998 when the economy of India started yielding result,
and with rapid growth witnessed in real estates including commercial
activities, Cyber catered to the needs of Electronic Security and Surveillance System of industries and corporate sectors of
India and abroad. They are a manufacturer,
exporter, importer and supplier of a wide range of products of the said categories.
The product range includes CCTV System, Digital
Recording System, Public Announcement System, Fire Alarm and Detection
System, Time Attendance & Access Control System, Fire Extinguishing Ball,
Barcode Solution, Nurse Calling System, etc.
The service
portfolio includes turnkey system integration and and consultancy for
innovative solution of the above mentioned products. Due to commitment to
quality and customer care, within a short span of period, Cyber became a
synonyms name to superlative Electronic Security among the corporates of India.
It is the aim to give total security solutions under one roof by providing
quality products and services with latest innovative technology and excellent
after sales service support.
Thoughtful over 5 years in the field of the CCTV Camera, barcode solution and medical cameras. With a giant education of latest technologies he started this company and today this company is having the wide name in selling of branded CCTV Cameras, Barcode solutions, Medical Cameras and many more. with its extra ordinary brilliance and scientific features support.
Cyber provide extra ordinary quality of CCTV Camera, barcode solution and
medical cameras. Now this products are been operating in most of the limited
and private limited companies in the country.
In 2002 the companies annual growth rate raised to 65%,and by this way their
flow as well as chart of progress started growing. With the victorious
contribution of specialized team, started rising promptly with their
determination and force. At present the company has totally been paying
attention to provide quality products.
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. 43.15 |
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UK Pound |
1 |
Rs. 85.08 |
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Euro |
1 |
Rs. 68.10 |
SCORE & RATING
EXPLANATIONS
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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 |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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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
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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 |
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