1. Summary Information
|
|
|
Country |
|
|
Company Name |
SEVEN STAR DOT COM PRIVATE LIMITED |
Principal Name 1 |
Mr. Shamim Akhter Shaikh |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Nadirali Husseinali Jairaj |
|
|
|
Registration # |
11-123490 |
|
Street Address |
3, Mini Jewel, |
||
|
Established Date |
05.01.2000 |
SIC Code |
-- |
|
Telephone# |
91-22-66942473 |
Business Style 1 |
Service Provider |
|
Fax # |
91-22-26335323 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Cable Connection |
|
|
# of employees |
-- |
Product Name 2 |
Wireless Internet
Connection |
|
Paid up capital |
Rs.15504000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors – 100% |
Banking |
Central bank of HDFC Bank
Limited |
|
Public Limited Corp. |
No |
Business Period |
11 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (47) |
|
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 |
100,296,000 |
Current Liabilities |
44,911,000 |
|
Inventories |
0 |
Long-term Liabilities |
12,320,000 |
|
Fixed Assets |
60,013,000 |
Other Liabilities |
43,172,000 |
|
Deferred Assets |
0 |
Total Liabilities |
100,403,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
44,402,000 |
|
|
|
Net Worth |
59,906,000 |
|
Total Assets |
160,309,000 |
Total Liab. & Equity |
160,309,000 |
|
Total Assets (Previous Year) |
155,298,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
219,452,000 |
Net Profit |
18,667,000 |
|
Sales(Previous yr) |
246,724,000 |
Net Profit(Prev.yr) |
15,688,000 |
MIRA
INFORM REPORT
|
Report Date : |
25.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SEVEN STAR DOT COM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3, Mini Jewel, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.201 |
|
|
|
|
Date of
Incorporation : |
05.01.2000 |
|
|
|
|
Com. Reg. No.: |
11-123490 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2000PTC123490 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS35672A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS1371B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing of Wireless Internet Connection Service and Cable
Connections Services. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 239000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and condition. |
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 : |
3, Mini Jewel, |
|
Tel. No.: |
91-22-66942473 / 66942475 / 26362675 |
|
Fax No.: |
91-22-26335323 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Shamim Akhter Shaikh |
|
Designation : |
Director |
|
Address : |
401/C, Hrishikesh Apna Ghar, A Building, Swami Samarth, Lokhandwlal
Complex, Andheri –West, Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1955 |
|
Date of Appointment : |
05.01.2000 |
|
DIN : |
00194098 |
|
|
|
|
Name : |
Mr. Nadirali Husseinali Jairaj |
|
Designation : |
Director |
|
Address : |
A/703, Benzer, Lokhandwala Complex, Andheri –West, Mumbai – 400053, |
|
Date of Birth/Age : |
04.12.1962 |
|
Date of Appointment : |
05.01.2000 |
|
DIN : |
00194160 |
|
|
|
|
Name : |
Mr. Dhanji Avchar Gala |
|
Designation : |
Director |
|
Address : |
A-2/3, Sanskar Apartments, |
|
Date of Birth/Age : |
11.05.1956 |
|
Date of Appointment : |
05.01.2000 |
|
DIN : |
00206710 |
|
|
|
|
Name : |
Mr. Murugesan Maduraiveeran Devendran |
|
Designation : |
Director |
|
Address : |
509, Adarsh Nagar, New |
|
Date of Birth/Age : |
07.09.1962 |
|
Date of Appointment : |
05.01.2000 |
|
DIN : |
00206589 |
|
|
|
|
Name : |
Mr. Jatin Manubhai Shah |
|
Designation : |
Director |
|
Address : |
5, Rasik Niwas, 4th Road, |
|
Date of Birth/Age : |
06.02.1970 |
|
Date of Appointment : |
05.01.2000 |
|
DIN : |
00194205 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Shamim Akhter Shaikh |
|
110100 |
|
Nadirali Husseinali Jairaj |
|
110100 |
|
Dhanji Avchar Gala |
|
110100 |
|
Murugesan Maduraiveeran Devendran |
|
210000 |
|
Jatin Manubhai Shah |
|
130100 |
|
Nadeem Ansari |
|
50000 |
|
Nadin Shaikh |
|
50000 |
|
Ruksana Shaikh |
|
50000 |
|
Vasim Shaikh |
|
50000 |
|
Aslam Shaikh |
|
50000 |
|
Kausar Shaikh |
|
50000 |
|
Manilal Faria |
|
50000 |
|
Padam Singh |
|
100000 |
|
Hiren Gala |
|
100000 |
|
Kishore Shah |
|
20000 |
|
Mann Shah |
|
20000 |
|
Manubhai Shah |
|
40000 |
|
Pratibha Shah |
|
40000 |
|
Saanya Shah |
|
20000 |
|
Shefali Shah |
|
20000 |
|
Sunita Shah |
|
20000 |
|
Veena Devendran |
|
100000 |
|
Sachin Faria |
|
50000 |
|
Total |
|
1550400 |
As on 30.09.2010
|
Category |
Percentage |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing of Wireless Internet Connection Service and Cable
Connections Services. |
GENERAL INFORMATION
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P H Dave and Company
(Registered) Chartered Accountant |
|
Address : |
118, Andheri Industrial Estate, Andheri, Mumbai – 400053, |
|
PAN No. : |
AAHFP9194M |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs.20.0000 millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,550,400 |
Equity Shares |
Rs.10/- each |
Rs.15.504 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 |
15.504 |
15.504 |
15.504 |
|
|
2] Share Application Money |
0.000
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
44.402 |
25.735 |
10.047 |
|
|
4] (Accumulated Losses) |
0.000
|
0.000 |
0.000 |
|
|
NETWORTH |
59.906 |
41.239 |
25.551 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
12.320 |
8.491 |
0.000 |
|
|
2] Unsecured Loans |
0.000
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
12.320 |
8.491 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.122 |
0.145 |
0.187 |
|
|
|
|
|
|
|
|
TOTAL |
72.348 |
49.875 |
25.738 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
60.013 |
50.992 |
34.487 |
|
|
Capital work-in-progress |
0.000
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
45.162
|
68.202 |
1.214 |
|
|
Cash & Bank Balances |
8.350
|
4.385 |
4.152 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
46.784
|
31.719 |
19.579 |
|
Total
Current Assets |
100.296
|
104.306 |
24.945 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17.165
|
59.797 |
10.005 |
|
|
Deferred Income |
27.746
|
13.322 |
0.000 |
|
|
Provisions |
43.050
|
32.304 |
23.689 |
|
Total
Current Liabilities |
87.961
|
105.423 |
33.694 |
|
|
Net Current Assets |
12.335
|
(1.117) |
(8.749) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
72.348 |
49.875 |
25.738 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
219.452 |
246.724 |
25.176 |
|
|
|
Other Income |
3.419 |
24.500 |
52.513 |
|
|
|
TOTAL |
222.871 |
271.224 |
77.689 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of pins |
3.969 |
31.281 |
20.124 |
|
|
|
Purchase of consumables |
22.894 |
0.441 |
6.694 |
|
|
|
Maintenance |
2.680 |
5.639 |
5.963 |
|
|
|
Installation charges |
2.208 |
0.000 |
0.000 |
|
|
|
Distribution and carriage fees |
40.570 |
63.640 |
0.000 |
|
|
|
Subscription charges |
89.859 |
110.117 |
0.000 |
|
|
|
Commission paid |
1.404 |
8.588 |
4.991 |
|
|
|
Salary and bonus |
3.801 |
4.022 |
1.421 |
|
|
|
Electricity charges |
2.430 |
2.332 |
0.067 |
|
|
|
Fees and subscription |
0.742 |
1.768 |
0.012 |
|
|
|
Cama park – entertainment tax |
0.142 |
0.155 |
0.198 |
|
|
|
Rent |
4.947 |
5.310 |
0.146 |
|
|
|
Repair and maintenance |
0.228 |
1.199 |
0.866 |
|
|
|
ROC Filling charges |
0.003 |
0.000 |
0.000 |
|
|
|
Software Charges |
0.050 |
0.581 |
0.015 |
|
|
|
Telephone Charges |
0.337 |
0.190 |
0.266 |
|
|
|
Office Expenses |
0.228 |
0.328 |
0.336 |
|
|
|
Conveyance |
0.305 |
0.384 |
0.328 |
|
|
|
Sales Promotion Expenses |
1.384 |
0.245 |
0.066 |
|
|
|
Staff Welfare |
0.172 |
0.351 |
0.217 |
|
|
|
Postage and Telegram |
0.493 |
0.254 |
0.044 |
|
|
|
Printing and Stationery |
0.274 |
0.337 |
0.298 |
|
|
|
Legal Charges and Professional Fees |
0.828 |
0.393 |
0.233 |
|
|
|
Audit fees |
0.050 |
0.050 |
0.050 |
|
|
|
Advertisement Expenses |
0.413 |
0.019 |
0.033 |
|
|
|
Bank Charges |
0.043 |
0.043 |
0.058 |
|
|
|
Insurance Expenses |
0.222 |
0.140 |
0.064 |
|
|
|
Interest on Car Loan |
0.952 |
0.309 |
0.002 |
|
|
|
Motor Vehicle Expenses |
0.165 |
0.107 |
0.051 |
|
|
|
Penalty Service tax Dues |
0.006 |
0.010 |
0.170 |
|
|
|
Donation |
0.011 |
0.041 |
0.030 |
|
|
|
Sweeper Charges |
0.000 |
0.000 |
0.012 |
|
|
|
Website Development Charges |
0.000 |
0.000 |
0.037 |
|
|
|
Technical Charges |
0.000 |
0.000 |
0.075 |
|
|
|
Typing and Xerox charges |
0.001 |
0.000 |
0.000 |
|
|
|
Transportation Charges |
0.000 |
0.010 |
0.007 |
|
|
|
Security Charges |
0.039 |
0.081 |
0.055 |
|
|
|
Interest on Service Tax |
0.425 |
0.000 |
0.004 |
|
|
|
Copyright Charges |
0.311 |
0.000 |
0.000 |
|
|
|
Custom Duty |
0.491 |
0.000 |
0.000 |
|
|
|
Foreign Traveling Expenses |
0.000 |
0.000 |
0.179 |
|
|
|
Traveling Expenses |
0.558 |
0.045 |
0.113 |
|
|
|
Clearing and Forwarding charges |
0.331 |
0.102 |
0.000 |
|
|
|
Misc. Expenses |
0.081 |
0.145 |
0.000 |
|
|
|
Freight and Octroi Charges |
0.364 |
0.091 |
0.000 |
|
|
|
Sundry Balance Written off |
0.000 |
0.199 |
0.000 |
|
|
|
Profit on Foreign Remittance |
0.030 |
0.000 |
0.000 |
|
|
|
TOTAL |
184.441 |
238.947 |
43.225 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
38.430 |
32.277 |
34.464 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION |
9.986 |
8.065 |
5.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
28.444 |
24.212 |
29.441 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.777 |
8.524 |
6.759 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
18.667 |
15.688 |
22.682 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
25.735 |
10.047 |
31.243 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
37.504 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
6.374 |
|
|
BALANCE CARRIED
TO THE B/S |
44.402 |
25.735 |
10.047 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.35 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
8.38
|
5.78 |
29.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.96
|
9.81 |
116.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.74
|
15.59 |
49.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.47
|
0.59 |
1.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.67
|
2.76 |
1.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
0.99 |
0.74 |
LOCAL AGENCY FURTHER INFORMATION
Operation :
The Company has earned profit of Rs.28.444
million before tax as compared to previous year Rs.24.212 million before tax.
FIXED ASSETS :
- Computer
- Furniture and Fixture
- Air Conditioner
- Telephone Instruments
- Plant and Machinery
- Maruti Cargo
- BMW Cars
- Motor Bike
- Land Rover
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 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
47 |
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.