MIRA INFORM REPORT
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Report Date : |
22.04.2011 |
IDENTIFICATION DETAILS
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Name : |
SIX D MARKETING SOLUTIONS PRIVATE LIMITED |
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Registered Office : |
SIX D Business House, C-5/ 426, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
06.12.2006 |
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Com. Reg. No.: |
55-156271 |
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CIN No.: [Company
Identification No.] |
U75220DL2006PTC156271 |
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IEC No.: |
0507032161 |
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PAN No.: [Permanent
Account No.] |
AAKCS3890D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in providing Engineering Solution. |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 18000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
of company appears to be low. However, trade relations are fair. Business is
active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Balwant Singh Rana |
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Designation : |
Assistant Manager |
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Contact No.: |
91-9910176725 |
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Name : |
Mr. Ashutosh Singh |
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Designation : |
Account/ HR Department |
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Date : |
16.04.2011 |
LOCATIONS
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Registered/ Corporate Office : |
SIX D Business House, C-5/ 426, |
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Tel. No.: |
91-11-22243755/ 32030755 |
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Mobile No.: |
91-9971618887 (Mr. Pawan Panchpal) 91-9910176725 (Mr. Balwant Singh Rana) |
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Fax No.: |
91-11-22243755 |
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E-Mail : |
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Web site : |
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Area : |
1000 sq.m |
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Location : |
Owned |
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Noida Office : |
SIX D Business House, H-101, Level-II,
Sector-63, Noida – 201 301, |
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Tel. No.: |
91-120-4542274/ 75 |
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Fax No.: |
91-120-4542276 |
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Area : |
2500 sq ft |
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Location : |
Rented |
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Pune Office : |
5th Floor, |
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Plot No-89 SR. No. 202, L.B. Nagar, |
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Tel. No.: |
91-40-65555884 |
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(Opening Shortly) |
DIRECTORS
As on 30.09.2010
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Name : |
Mrs. Deepti Martolia |
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Designation : |
Director |
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Address : |
C-5/ 426, Plot No.72, I.P. Extention, |
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Date of Birth/Age : |
05.04.1980 |
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Qualification : |
PH.D |
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Date of Appointment : |
06.12.2006 |
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DIN No.: |
00055485 |
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Name : |
Mr. Pawan Bhagban Singh Panchpal |
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Designation : |
Director |
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Address : |
C-5/ 426, Plot No.72, I.P. Extention, |
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Date of Birth/Age : |
26.07.1975 |
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Qualification : |
MBA M-Tech |
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Date of Appointment : |
06.12.2006 |
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DIN No.: |
00632422 |
KEY EXECUTIVES
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Name : |
Mr. Balwant Singh Rana |
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Designation : |
Assistant Manager |
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Name : |
Mr. Ashutosh Singh |
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Designation : |
Account/ HR Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Pawan Panchpal |
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5000 |
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Deepti Martolia |
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5000 |
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Total
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10000 |
As on 30.09.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in providing Engineering Solution. |
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Products : |
3D White Light
Scanner ·
3D Scanner ·
Dental Scanner ·
Jewellery Scanner ·
3D Laser Line Scanner Laser Tracker ·
Laser Tracker ·
Absolute Tracker ·
Tracker Accessories ·
Laser Measurement System 3D Portable Arm ·
Photogammetery System ·
Wireless Probe ·
3D Laser Scanner ·
Handheld Scanner ·
Vibrantion and Motion Analysis System HDS Laser
Scanner ·
Laser Scanner ·
3D Profile Scanner QC Inspection
and RE Software ·
Metrolog XG ·
Smart Fit 3 D ·
Geomagic Quality ·
Geomagic Studio |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Retailers ·
Honda ·
Tata Motors UP Steel ·
Starwire ·
Small-Arm-Factory (Ordinance Factory) ·
MTAR ·
CRPF ·
Defence Lab ·
Hero Honda ·
Suzlon ·
KUKA ·
ABB ·
ECIL ·
NT ·
Larsen and Toubro |
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No. of Employees : |
10+ (Approximately) |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Vipul Baranwal and Associates Chartered Accountants |
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Address : |
88, Ground Floor, Defence Enclave, Opposite Corporation Bank, Vikas
Marg, |
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Tel. No.: |
91-11-32981556 / 22450530 |
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Mobile No.: |
91-9811005995 |
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Fax No.: |
91-11-22043645 |
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E-Mail : |
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Website: |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 |
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Sales Turnover |
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|
20.000 |
Expected Sales (2011-2012): Rs.25.000 millions
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
3.578 |
0.900 |
0.450 |
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3] Reserves & Surplus |
0.846 |
0.348 |
0.044 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4.524 |
1.348 |
0.594 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.173 |
0.173 |
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TOTAL BORROWING |
0.000 |
0.173 |
0.173 |
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DEFERRED TAX LIABILITIES |
0.057 |
0.004 |
0.000 |
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TOTAL |
4.581 |
1.525 |
0.767 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.244 |
0.658 |
0.539 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.110 |
0.110 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
1.546
|
0.417 |
0.000 |
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Cash & Bank Balances |
0.291
|
0.129
|
0.036 |
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Other Current Assets |
1.250
|
0.585
|
0.218 |
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Loans & Advances |
0.283
|
0.028
|
0.028 |
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Total
Current Assets |
3.370
|
1.159
|
0.282 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.440
|
0.059
|
0.000 |
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Other Current Liabilities |
0.526
|
0.319
|
0.050 |
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Provisions |
0.177
|
0.024
|
0.004 |
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Total
Current Liabilities |
1.143
|
0.402
|
0.054 |
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Net Current Assets |
2.227
|
0.757
|
0.228 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
4.581 |
1.525 |
0.767 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Commission |
3.009 |
4.251 |
0.729 |
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Inspection
Charges |
4.551 |
0.000 |
0.000 |
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Sales |
1.655 |
0.000 |
0.000 |
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Scanning
Charges |
0.248 |
0.000 |
0.000 |
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Other Income |
0.046 |
0.049 |
0.000 |
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TOTAL (A) |
9.509 |
4.300 |
0.729 |
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Less |
EXPENSES |
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Purchases |
1.082 |
0.000 |
0.000 |
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Accounting
Charges |
0.010 |
0.096 |
0.012 |
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Advertisement
Expenses |
0.735 |
0.068 |
0.017 |
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Audit Fees |
0.030 |
0.019 |
0.006 |
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Bank Charges |
0.014 |
0.013 |
0.001 |
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Book &
Periodicals |
0.100 |
0.087 |
0.000 |
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Computer
Repair & Maintenance |
0.060 |
0.000 |
0.000 |
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Consultancy
Expenses |
0.000 |
0.086 |
0.000 |
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Conveyance
Expenses |
0.032 |
0.081 |
0.000 |
|
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Courier
Charges |
0.010 |
0.010 |
0.027 |
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Director Remuneration |
0.800 |
0.480 |
0.100 |
|
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Electricity
Charges |
0.015 |
0.010 |
0.000 |
|
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Freight Paid |
0.033 |
0.000 |
0.008 |
|
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|
General
Administrative Expenses |
0.097 |
0.000 |
0.000 |
|
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|
Generator
Hiring Charges |
0.218 |
0.042 |
0.000 |
|
|
|
Legal and
Professional Charges |
0.119 |
0.047 |
0.013 |
|
|
|
Machinery
Hiring Charges |
0.249 |
0.000 |
0.000 |
|
|
|
Maintenance
Expenses |
0.024 |
0.000 |
0.000 |
|
|
|
Miscellaneous
Expenses |
0.012 |
0.013 |
0.000 |
|
|
|
Office Expenses |
0.162 |
0.000 |
0.000 |
|
|
|
Printing
& Stationary |
0.068 |
0.031 |
0.020 |
|
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|
Promotion
Expenses |
0.128 |
0.000 |
0.000 |
|
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Recruitment
Expenses |
0.199 |
0.037 |
0.000 |
|
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|
Rent |
0.305 |
0.120 |
0.040 |
|
|
|
Repair &
Maintenance |
0.267 |
0.129 |
0.000 |
|
|
|
Salary
Expenses |
1.602 |
1.507 |
0.315 |
|
|
|
Security
Expenses |
0.019 |
0.000 |
0.000 |
|
|
|
Staff
Welfare Expenses |
0.090 |
0.085 |
0.010 |
|
|
|
Telephone
Expenses |
0.119 |
0.078 |
0.000 |
|
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|
Training
Expenses |
0.103 |
0.056 |
0.015 |
|
|
|
Traveling
Expenses |
1.575 |
0.558 |
0.010 |
|
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|
Web Site Development Charges |
0.098 |
0.081 |
0.000 |
|
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Business Promotion |
0.000 |
0.000 |
0.013 |
|
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|
Communication |
0.000 |
0.000 |
0.023 |
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TOTAL (B) |
8.375 |
3.734 |
0.630 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.134 |
0.566 |
0.090 |
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Less |
INTEREST (D) |
0.046 |
0.011 |
0.000 |
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.088 |
0.555 |
0.099 |
|
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.359 |
0.226 |
0.050 |
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PROFIT BEFORE
TAX (E-F) (G) |
0.729 |
0.329 |
0.049 |
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|
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Less |
TAX (H) |
0.231 |
0.103 |
0.005 |
|
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|
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|
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PROFIT AFTER TAX
(G-H) (I) |
0.498 |
0.226 |
0.044 |
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Earnings Per
Share (Rs.) |
49.82 |
30.39 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.24
|
5.26 |
6.04 |
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
7.70
|
7.74 |
6.72 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.99
|
18.11 |
5.97 |
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.24 |
0.08 |
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
0.25
|
0.43 |
0.38 |
|
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|
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|
Current Ratio (Current Asset/Current Liability) |
|
2.95
|
2.85 |
5.22 |
LOCAL AGENCY FURTHER INFORMATION
Note:
Registered Office
of the company has been shifted from U-58, IInd Floor, Street No.4, Upadhyay Block,
Shakarpur, New Delhi – 110 092 to
the present address w.e.f. 01.06.2007.
BACKGROUND
Subject was incorporated with the following objectives:
1. To carry on the business at any place in
2. To carry on the business of providing all types
of solutions for all types of security system for defense and industries,
measurement systems for Aerospace, automotive, defense and shipbuilding
industries.
RESULTS OF OPERATION:
Since, in this year, company could not achieve much
turnover. However they are hopeful, company would grow manifolds in future.
FIXED ASSETS
·
Computers and Software
·
Furniture and fixtures
·
Office Equipments
·
Plant and Machinery
WEBSITE DETAILS:
PROFILE
Offering 3D White light Scanner, HDS Laser Scanner Handheld Portable Laser Scanner System, Portable CMM, Portable Arm, Laser Tracker, Wireless Probing, Dynamic Measuring Machine, Vibration and Motion Analysis System, Scanning Services, RE Services, 3D CAD Services.
Subject is a renowned
engineering solution provider in
Subject is a registered vendor with Indian Defence Organization and engineering
companies like L and T, ABB, KUKA, SUZLON, etc. They are providing high
confidential services to government and private organizations into Aerospace,
Automotive, Defence, Space, Casting, Heavy Engineering, Research and Development
Organizations.
Further competencies and expertise are available to Subject through its
affiliate companies that include their world wide partner API-USA, NDI-CANADA,
SOLUTIONIX-KOREA, Z+F UK, GEOMAGIC USA.
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.44.30 |
|
|
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
28 |
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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.