MIRA
INFORM REPORT
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Report Date : |
31.10.2008 |
IDENTIFICATION DETAILS
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Name : |
GENEE SOLUTIONS INDIA PRIVATE LIMITED |
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Registered Office : |
D-16/75, Ground Floor, Sector-3, Rohini, Delhi-110085 |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
08.07.2006 |
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Com. Reg. No.: |
55-150704 |
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CIN No.: [Company
Identification No.] |
U72200DL2006PTC150704 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELG09826F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading and Development of Software |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 500 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Mr. Amit and Ms. Twinkle took undue time to reported and lonely denied
business and financial details. The company doesn’t have significant business yet. No payment records
are available. Initially, the company can be considered for any business dealings on
safe and secured trade terms and conditions. |
INFORMATION PARTED BY
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Name : |
Mr. Anil |
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Designation : |
Accountant |
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Date : |
27.10.2008 |
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Name : |
Ms. Twinkle |
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Designation : |
Sales Department |
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Date : |
27.10.2008 |
LOCATIONS
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Registered Office : |
D-16/75, Ground Floor, Sector-3, Rohini, Delhi-110085, India |
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E-Mail : |
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Website : |
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Corporate Office : |
Plot No. 725GF, Udyog Vihar, Phase V, Gurgaon, Haryana, Punjab, India |
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Mobile No.: |
91-9871258829 |
DIRECTORS
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Name : |
Mr. Sutanu Bhattacharya |
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Designation : |
Director |
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Address : |
Flat No. 97, Rohit Apartments, Plot 30, Sector 10, Dwarka Phase 1, New
Delhi-110075, India |
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Date of Birth/Age : |
11.09.1961 |
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Date of Appointment : |
08.07.2006 |
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Name : |
Mr. Pradeep Kumar Pathania |
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Designation : |
Director |
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Address : |
Quarter No.A9/10, AAI Residential Colony, Mahipalpur, New
Delhi-110037, India |
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Date of Birth/Age : |
20.09.1982 |
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Date of Appointment : |
08.07.2006 |
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Name : |
Mr. Girja Shankar Mohanty |
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Designation : |
Additional Director |
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Address : |
B-2/8, Mayur Aprtments, Sector-9, Rohini, Delhi-110085, India |
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Date of Birth/Age : |
13.04.1974 |
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Date of Appointment : |
05.06.2008 |
KEY EXECUTIVES
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Name : |
Mr. Anil |
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Designation : |
Accountant |
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Name : |
Ms. Twinkle |
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Designation : |
Sales Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Sutanu Bhattachrya |
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5000 |
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Pradeeep Kumar Pathania |
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5000 |
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Total |
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10000 |
Equity Share Breakup (Percentage of Total Equity)
As on 29.09.2007
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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 : |
Trading and Development of Software |
GENERAL INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
S Mohanty and Company Chartered Accountant |
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Address : |
B-2/8, Plot No. 53, Mayur Appartment, Sector-9, Rohini, Delhi-110085,
India |
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Tel. No.: |
91-11-24507837/ 27513074 |
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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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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31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.100 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.161 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.228 |
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Other Current Assets |
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0.465 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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0.693 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.775 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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0.775 |
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Net Current Assets |
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[0.082] |
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MISCELLANEOUS EXPENSES |
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0.021 |
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TOTAL |
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0.100 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover |
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0.559 |
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Other Income |
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0.000 |
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Total Income |
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0.559 |
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Profit/(Loss) Before Tax |
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[0.263] |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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[0.263] |
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Expenditures : |
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Depreciation & Amortization |
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0.560 |
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Other Expenditure |
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0.262 |
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Total Expenditure |
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0.822 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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PAT / Total Income |
(%) |
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47.04 |
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Net Profit Margin (PBT/Sales) |
(%) |
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47.04 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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30.79 |
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Return on Investment (ROI) (PBT/Networth) |
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2.63 |
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Debt Equity Ratio (Total Liability/Networth) |
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7.75 |
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Current Ratio (Current Asset/Current Liability) |
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0.89 |
LOCAL AGENCY FURTHER INFORMATION
The Registered office of the company has been shifted from Flat 97,
Rohit Apartments, Plot -30, Sector-10, Dwarka, Phase 1, New Delhi-110075, India
to present address w.e.f 08.01.2008
Fixed Assets:
Computers and Printers
AS PER WEBSITE
Company’s
History
Genee World is headquartered in Wolverhampton, West
Midlands, England. It was established with the clear purpose of creating
effective, innovative, easy to use ICT and AV solutions that seamlessly
integrates with other solutions in both the classroom and presentation area and
empowers teachers, educators and presenters around the world to teach, train,
motivate and assess learners most effectively and efficiently.
Products
Overview
Genee World is both the market segment leader and industry
pioneer in easy to use visualizers. One of their visualizer ‘Genee Vision 6100’
was short listed for the BETT (world’s largest educational technology event)
awards 2007. Genee World’s product portfolio includes a number of flagship
products including the excellent Genee Vision Visualizer range, the innovative
ClassComm and Cens-Us interactive response systems as well as the state of the
art Genee Pod Desk and Genee Board.]
News
Room:
eIndia
2008 Conference and Exhibition
29-07-2008
Genee India is participated in eIndia 2008 Conference and
Exhibition from 29-31 July at Pragati Maidan, New Delhi. eINDIA 2008
Co-Organised by - Ministry of Human Resource Development Govt. of India,
Ministry of Information and Communication Technology Govt. of India
This three-day international conference and exhibition is
planned to create a unique platform for knowledge sharing in different domains of
ICT for development and facilitate multi-stakeholder partnership development
and professional networking among governments, industry, academia and civil
society organisations of different countries, including the host country-
India.
The objective is to bring together ICTD experts, practitioners, business
leaders and stakeholders of the region onto one platform, through keynote
addresses, paper presentations, thematic workshops, exhibition and in the
process providing an excellent opportunity for participants to interact with a
wide and diverse development community, to carry forward the vision of the
region and consolidate them into an actionable programme.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.77 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.63.36 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
1 |
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OPERATING SCALE |
1~10 |
1 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
1 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
1 |
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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 |
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 |
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12 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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