BUSINESS
INFORMATION REPORT
1. Summary Information
|
Country |
|
||
|
Company Name |
Z PLUS SECURITY SYSTEMS PRIVATE LIMITED |
Principal Name 1 |
MR. MANU SURENDER KUMAR ARORA |
|
Status |
GOOD |
Principal Name 2 |
MR. RAJA SURENDER KUMAR ARORA |
|
Registration # |
11-145885 |
||
|
Street Address |
4, SIDDHI VINAYAK CO-OPERATIVE HOUSING SOCIETY, PLOT NO.90, SECTOR -
01, KOPER KHAIRNE, NAVI MUMBAI – 400 701, |
||
|
Established Date |
23.04.2004 |
SIC Code |
- |
|
Telephone# |
91-22-27552551 |
Business Style 1 |
IMPORTER |
|
Fax # |
91-22-27542896 |
Business Style 2 |
WHOLESALE DISTRIBUTOR |
|
Homepage |
Product Name 1 |
CCTV PRODUCTS |
|
|
# of employees |
- |
Product Name 2 |
- |
|
Paid up capital |
Rs.900,000/- |
Product Name 3 |
- |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS – 100% |
Banking |
BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
7 YEARS |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (53) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
- |
- |
- |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
26,602,000
|
Current Liabilities |
25,775,000
|
|
Inventories |
17,461,000
|
Long-term Liabilities |
0 |
|
Fixed Assets |
4,962,000 |
Other Liabilities |
57,000 |
|
Deferred Assets |
0 |
Total Liabilities |
25,832,000 |
|
Invest& other Assets |
37,000 |
Retained Earnings |
22,330,000 |
|
|
|
Net Worth |
23,230,000 |
|
Total Assets |
49,062,000 |
Total Liab. & Equity |
49,062,000 |
|
Total Assets (Previous Year) |
29,093,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
5,605,000 |
|
Sales(Previous yr) |
85,974,000 |
Net Profit(Prev.yr) |
6,655,000 |
MIRA INFORM REPORT
|
Report Date : |
13.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
Z PLUS SECURITY SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
4, Siddhi Vinayak Co-Operative Housing Society, Plot No.90, Sector -
01, Koper Khairne, Navi Mumbai – 400 701, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
23.04.2004 |
|
|
|
|
Com. Reg. No.: |
11-145885 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51399MH2004PTC145885 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMZ01094C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Importer and Wholesale Distributor of CCTV Products. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 93000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having fine track.
Financial position of the company appears to be sound. Trade relations are
reported as fair. Business is active. Payments are reported to be regular and
as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
4, Siddhi Vinayak Co-Operative Housing Society, Plot No.90, Sector -
01, Koper Khairne, Navi Mumbai – 400 701, |
|
Tel. No.: |
91-22-27552551/ 2/ 3/ 27895105 |
|
Fax No.: |
91-22-27542896 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Mumbai Sales Office
: |
Shop No.8, |
|
Tel. No.: |
91-22-23826731 |
|
|
|
|
|
244, 2nd Floor, Vardhman Star
Citi Mall , Sector - 7, Dwarka,
|
|
Tel. No.: |
91-11-25089138/ 0910 |
|
E-Mail : |
DIRECTORS
As on 18.09.2010
|
Name : |
Mr. Manu Surender Kumar Arora |
|
Designation : |
Director |
|
Address : |
4, Siddhi Vinayak Co-Operative Housing Society, Plot No.90, Sector -
01, Koper Khairne, Navi Mumbai – 400 701, |
|
Date of Birth/Age : |
12.04.1972 |
|
Date of Appointment : |
23.04.2004 |
|
|
|
|
Name : |
Mr. Raja Surender Kumar Arora |
|
Designation : |
Director |
|
Address : |
Flat – 501, Building 22, 5th Floor, Seawoods Estate, NRI
Complex Nerul, Sector – 54, Navi Mumbai, Thane – 400 706, Maharashtra, India |
|
Date of Birth/Age : |
31.10.1969 |
|
Date of Appointment : |
23.04.2004 |
|
|
|
|
Name : |
Mr. Surender Kumar Arora |
|
Designation : |
Director |
|
Address : |
Flat – 501, Building 22, 5th Floor, Seawoods Estate, NRI
Complex Nerul, Sector – 54, Navi Mumbai, Thane – 400 706, Maharashtra, India |
|
Date of Birth/Age : |
23.07.1943 |
|
Date of Appointment : |
23.04.2004 |
|
|
|
|
Name : |
Ms. Usha Arora |
|
Designation : |
Director |
|
Address : |
Flat – 501, Building 22, 5th Floor, Seawoods Estate, NRI
Complex Nerul, Sector – 54, Navi Mumbai, Thane – 400 706, Maharashtra, India |
|
Date of Birth/Age : |
23.08.1944 |
|
Date of Appointment : |
23.04.2004 |
|
|
|
|
Name : |
Mrs. Ruhi Manu Arora |
|
Designation : |
Additional Director |
|
Address : |
4, Siddhi Vinayak Co-Operative Housing Society, Plot No.90, Sector - 01,
Koper Khairne, Navi Mumbai – 400 701, |
|
Date of Birth/Age : |
13.08.1974 |
|
Date of Appointment : |
15.12.2010 |
|
|
|
|
Name : |
Mrs. Rumkan Raja Arora |
|
Designation : |
Additional Director |
|
Address : |
4, Siddhi Vinayak Co-Operative Housing Society, Plot No.90, Sector -
01, Koper Khairne, Navi Mumbai – 400 701, |
|
Date of Birth/Age : |
10.11.1972 |
|
Date of Appointment : |
15.12.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 18.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Manu Surender Kumar Arora |
|
2500 |
|
Raja Surender Kumar Arora |
|
2500 |
|
Surender Kumar Arora |
|
2500 |
|
Usha Arora |
|
2500 |
|
Total |
|
10000 |
As on 18.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
|
|
BUSINESS DETAILS
|
Line of Business : |
Importer and Wholesale Distributor of CCTV Products. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
Suppliers : |
|
|
|
|
|
Customers : |
|
|
|
|
|
Bankers : |
|
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chetan Kishor Joshi Chartered Accountants |
|
Address : |
|
|
Tel. No. : |
91-22-7454614 |
|
E-Mail : |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
90000 |
Equity Shares |
Rs.10/- each |
Rs.0.900
million |
|
|
|
|
|
After 18.09.2010
Authorised Capital : Rs.2.000 Millions
Issued, Subscribed & Paid-up Capital :Rs.2.000 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.900 |
0.900 |
0.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
22.330 |
16.726 |
10.071 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
23.230 |
17.626 |
10.971 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.057 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
23.287 |
17.626 |
10.971 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.962 |
5.328 |
3.007 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
1.600 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.461
|
6.452
|
3.770 |
|
|
Sundry Debtors |
11.286
|
6.171
|
5.506 |
|
|
Cash & Bank Balances |
3.426
|
3.762
|
1.988 |
|
|
Other Current Assets |
0.000
|
0.057
|
0.015 |
|
|
Loans & Advances |
11.890
|
7.278
|
4.616 |
|
Total
Current Assets |
44.063
|
23.720
|
15.895 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.668
|
0.300
|
|
|
|
Other Current Liabilities |
0.992
|
1.090
|
|
|
|
Provisions |
13.115
|
10.077
|
|
|
Total
Current Liabilities |
25.775
|
11.467
|
9.582 |
|
|
Net Current Assets |
18.288
|
12.253
|
6.313 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.037 |
0.045 |
0.051 |
|
|
|
|
|
|
|
|
TOTAL |
23.287 |
17.626 |
10.971 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
85.974 |
68.900 |
|
|
|
Other Income |
|
0.909 |
0.225 |
|
|
|
TOTAL (A) |
NA |
86.883 |
69.125 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
76.174 |
60.712 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
10.709 |
8.413 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
0.007 |
0.010 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.787 |
10.702 |
8.403 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.460 |
0.447 |
0.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
11.327 |
10.255 |
8.103 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
5.722 |
3.635 |
2.548 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
5.605 |
6.655 |
5.555 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
62.28 |
73.94 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
--
|
7.66
|
8.04 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
--
|
11.93
|
11.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.10
|
35.30
|
39.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49
|
0.58
|
0.74 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.11
|
0.65
|
0.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71
|
2.07
|
1.66 |
LOCAL AGENCY FURTHER INFORMATION
OPEARTIONS :
The
Company is mainly engaged in Trading Activity of Security Instruments such as DVR, Security Cameras etc.
FORM 8 :
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U51399MH2004PTC145885 |
|
Name of the
company |
Z PLUS SECURITY SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
4, Siddhi Vinayak Co-Operative Housing Society, Plot No.90, Sector -
01, Koper Khairne, Navi Mumbai – 400 701, |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Bank of India, Turbhe
Branch, Plot No. 34, Sector 24, Turbhe, Navi Mumbai – 400705, Maharashtra,
India |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Entry/Oral assent for creation of equitable mortgage. |
|
Date of instrument
Creating the charge |
20.07.2010 |
|
Amount secured by
the charge |
Rs.11.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: 1.00% above BOI
PLR presently 13.00% p.a. Terms of
Repayment : 60 monthly
installments of Rs.0.183 Million each commencing from October 2010. Margin : 30% Extent and
Operation of the charge : Equitable
mortgage of the property situated at Shop No. 1, Ground Floor and Office No.
C-1, 1st Floor, Subham Residency, Plot No. 86, Sector – 1,
Koparkhairane, Navi Mumbai |
|
Short particulars
of the property charged |
Equitable
mortgage of the property situated at Shop No. 1, Ground Floor and Office No.
C-1, 1st Floor, Subham Residency, Plot No. 86, Sector – 1,
Koparkhairane, Navi Mumbai |
WEBSITE DETAILS:
PROFILE:
Subject was established in the year 1996. They are engaged in the development. sales and marketing of innovative cctv products. The Commitment to the cctv business broadens the choice and gives you the best buy without compromising on Quality, security and Competitive cost.
Focus
Through instant response, build to order capability and the ability to exceed
customer expectation, Z Plus has established its own style of business model, by
being Friends First and Business Partner Second.
In the past few years the business has matured, with substantial increase in
sales. All resources have been focused on expanding the product line for
supplying new products to the vast Indian Market. They shall continue to expand
the leading edge in the world of video surveillance and has enabled them to
become one of the top security system distributors in
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.20 |
|
|
1 |
Rs.72.26 |
|
Euro |
1 |
Rs.63.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
53 |
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 |
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 |
|
NB |
New Business |
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|
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.