MIRA
INFORM REPORT
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Report Date : |
22.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
CYBER PERIPHERALS PRIVATE LIMITED |
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Registered Office : |
Disha Tarangan Apartment, Osmanpura, Aurangabad-431005, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
19.03.1999 |
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Com. Reg. No.: |
11-119016 |
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CIN No.: [Company
Identification No.] |
U72900MH1999PTC119016 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader and Dealer of all Computer Peripherals and Accessores. |
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 10000 |
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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 : |
Subject is a well established computer peripheral dealer. Trade
relations are fair. Financial position is satisfactory. Payments are 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
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Name : |
Mr. Pramod Dere |
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Designation : |
Director |
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Date : |
20.10.2008 |
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Name : |
Mr. Rahul |
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Designation : |
Accountant |
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Date : |
20.10.2008 |
LOCATIONS
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Registered Office : |
Disha Tarangan Apartment, Osmanpura, Aurangabad-431005, |
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Tel. No.: |
91-240-2350105/ 2341205 |
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Mobile No.: |
91-9822267575 |
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E-Mail : |
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Area : |
800 sq.ft ( Owned) |
DIRECTORS
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Name : |
Mr. Pramod Prakash Dere |
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Designation : |
Director |
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Address : |
Disha Tarangan Apartment, Behind Gurudwara, Osmnanpura,
Aurangabad-431005, |
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Date of Birth/Age : |
01.06.1969 |
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Qualification : |
B.Com, MBA |
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Date of Appointment : |
19.03.1999 |
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Name : |
Ms. Vaishali Pramod Dere |
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Designation : |
Director |
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Address : |
Flat No. 5, Disha Pushpa Apartment, Near |
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Date of Birth/Age : |
12.12.1977 |
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Qualification : |
B.Com and BA |
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Date of Appointment : |
19.03.1999 |
KEY EXECUTIVES
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Name : |
Mr. Rahul |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 29.09.2007
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Names of Shareholders |
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No. of Shares |
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Pramod Prakash Dere |
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24197 |
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Vaishali Pramod Dere |
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24800 |
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Vinod Ashok Dere |
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1 |
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Rajkumar Nemichand Dere |
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1 |
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Sunil Jaikumar Lambarde |
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1 |
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Total |
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49000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2007
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader and Dealer of all Computer Peripherals and Accessores. |
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Agencies Held : |
·
HP ·
Unovo ·
Compaq ·
HCL |
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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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Customers : |
Retailers and End Users |
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No. of Employees : |
20 |
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Bankers : |
·
Oriental Bank of Commerce, 2nd Floor, Khatod Complex,
Nirala Bazar, Opposite S.B College, Aurangabad-431001, Maharashtra, India ·
Chikhal Urban Co-operative Bank Limited |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Narayan Rathi and Associates Chartered Accountant |
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Address : |
B-3, Vishal Apartment, Jyoti Nagar, Aurangabad-431005, |
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Name : |
R.D. Jaiswal and Company Chartered Accountant |
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Address : |
Shankar Nagar, Behind Hanuman Mandir, Pusad, Yawa Tmal-445204, |
CAPITAL STRUCTURE
As on 29.09.2007
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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49000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.490
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 |
0.490 |
0.490 |
0.490 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1.551 |
1.0000 |
0.683 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2.041 |
1.490 |
1.173 |
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LOAN FUNDS |
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1] Secured Loans |
7.148 |
3.073 |
3.077 |
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2] Unsecured Loans |
0.532 |
0.606 |
0.506 |
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TOTAL BORROWING |
7.680 |
3.679 |
3.583 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
9.721 |
5.169 |
4.756 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.007 |
2.619 |
0.615 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.107 |
0.178 |
0.241 |
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DEFERREX TAX ASSETS |
0.011 |
0.021 |
0.007 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
7.210
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4.595 |
0.000 |
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Sundry Debtors |
17.090
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19.655 |
0.000 |
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Cash & Bank Balances |
0.412
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0.319 |
0.000 |
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Other Current Assets |
0.000
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0.000 |
11.986 |
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Loans & Advances |
0.716
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0.244 |
0.000 |
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Total
Current Assets |
25.428
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24.813 |
11.986 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
18.122
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21.853 |
8.101 |
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Provisions |
0.715
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0.615 |
0.000 |
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Total
Current Liabilities |
18.837
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22.468 |
8.101 |
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Net Current Assets |
6.591
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2.345 |
3.885 |
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MISCELLANEOUS EXPENSES |
0.005 |
0.006 |
0.008 |
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TOTAL |
9.721 |
5.169 |
4.756 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
148.902 |
111.109 |
70.749 |
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Other Income |
0.091 |
0.131 |
0.000 |
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Total Income |
148.993 |
111.240 |
70.749 |
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Profit/(Loss) Before Tax |
0.896 |
0.625 |
0.572 |
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Provision for Taxation |
0.345 |
0.308 |
0.314 |
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Profit/(Loss) After Tax |
0.551 |
0.317 |
0.258 |
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Expenditures : |
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Depreciation & Amortization |
0.314 |
0.109 |
0.140 |
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Other Expenditure |
147.783 |
110.506 |
70.037 |
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Total Expenditure |
148.097 |
110.615 |
70.177 |
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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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PAT / Total Income |
(%) |
0.36
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0.28 |
0.36 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.60
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0.56 |
0.81 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
3.15
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2.28 |
4.54 |
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Return on Investment (ROI) (PBT/Networth) |
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0.44
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0.42 |
0.49 |
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Debt Equity Ratio (Total Liability/Networth) |
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12.99
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17.55 |
9.96 |
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Current Ratio (Current Asset/Current Liability) |
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1.35
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1.10 |
1.48 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
·
M.G.M (
Bankers Charges
Report as per Registry
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Name of the company |
CYBER PERIPHERALS PRIVATE LIMITED |
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Presented By |
Mr. Pramod
Prakash Dere |
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1) Date and description of instrument creating the change |
22.01.2001 a)LD-11 i.e.
Hypothecation of Stock of Goods b) LD-16
Hypothecation of Book Debts |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 0.700 Million |
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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 |
Hypothecation of
Stock –in trade and book debts |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Margin 25% Rate of Interest
6.5% over PLR with minimum of 15.5% with guaranty note. |
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5) Name and Address and description of the person entitled to the charge. |
Oriental Bank of Commerce, 2nd Floor, Khatod Complex,
Nirala Bazar, Opposite S.B College, Aurangabad-431001, Maharashtra, India |
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6) Date and brief description of instrument modifying the charge |
Now Present Modification
:- Dated 20.05.2004 Cash Credit
enhanced From R.s 1.500 Million To Rs. 2.000
Millions LD-13-
Supplimental Agreement LD-16- Agreement
of Hypothecation of Book Debts |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Cash Credit Limit
(hypothecation) enhanced by Rs. 0.500 Millions form Rs. 1.500 Million to Rs.
2.000 Million Rate of Interest
11% p.a. with monthly rests. |
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This form is for |
Modification of
charge |
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Charge
identification number of the modified
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90159035 |
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Corporate
identity number of the company |
U72900MH1999PTC119016 |
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Name of the
company |
CYBER PERIPHERALS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
Disha Tarangan Apartment, Osmanpura, Aurangabad-431005, |
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Type of charge |
Book Debts Movable Property Floating Charge |
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Particular of
charge holder |
Oriental Bank of Commerce, 2nd Floor, Khatod Complex,
Nirala Bazar, Opposite S.B College, Aurangabad-431001, Maharashtra, India |
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Nature of description
of the instrument creating or modifying the charge |
Supplemental
Agreement to cash Credit/ Loan Facility, Now Present modification Cash Credit
Limit, Hypothecation enhanced by 1.000 Milllion i.e. from Rs. 2.000 Million
to Rs. 3.000 Million Rate of Interest 1% ( Bank’s Spread) over PLR (Present
PLR of the bank is 11.50%) which works out at 12.50% at present with monthly
rests. |
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Date of
instrument Creating the charge |
19.08.2006 |
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Amount secured by
the charge |
Rs. 3.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Rate of Interest
1% (Bank’s spread) over PLR (Present PLR of the bank is 11.50%) which works
out at 12.50% at present with monthly rests. Terms of
Repayment Repayment Margin 30% Extent and
Operation of the charge 100% |
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Short particulars
of the property charged |
Hypothecation of
Stock of the Computer and peripheral accessories and receivables of the
company (not other than 90 days) |
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Date of latest
modification prior to the present modification |
20.05.2004 |
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Particulars of
the present modification |
Now Present
modification dated 19.09.2006 Cash Credit enhanced From 2.000 Millions to Rs.
3.000 Million LD 13 supplemental agreement |
Fixed Assets:
·
Shopt at Kuber Apartments
·
Shot At Ahirwad Apartments
·
Shot Interior – WIP
·
Furniture and Fixutures
·
Computer
·
Office Equipments
·
Tata
·
Bycycle
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 :
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.83 |
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UK Pound |
1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
|
46 |
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 |
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|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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