MIRA
INFORM REPORT
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Report Date : |
26.04.2011 |
IDENTIFICATION DETAILS
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Name : |
PROLINK COMPUTERS PRIVATE LIMITED |
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Registered
Office : |
211, P. N. Kothari Industrial Estate, LBS Marg, Bhandup (W), Mumbai –
400078, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
22.12.1993 |
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Com. Reg. No.: |
075717 |
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CIN No.: [Company Identification
No.] |
U51909MH1993PTC075717 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMP09090E |
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PAN No.: [Permanent Account No.] |
AAAFP8856B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Services of Internet Solutions. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (44) |
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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 35940 |
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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 an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct. 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) |
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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
|
Name : |
Mr. Manoj Agrawal |
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Designation : |
Director |
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Contact No.: |
91-9324236584 |
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Date : |
23.04.2011 |
LOCATIONS
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Registered Office : |
211, P. N. Kothari Industrial Estate, LBS Marg, Bhandup (W), Mumbai –
400078, Maharashtra, India |
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Tel. No.: |
91-22-25664213 |
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Mobile No.: |
91-9324236584 (Mr. Manoj Agrawal) |
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Fax No.: |
91-22-25663539 |
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E-Mail : |
somani_bhagwan@yahoo.co.in |
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Website : |
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Area : |
1500 sq.ft. |
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Location : |
Owned |
DIRECTORS
AS ON 30.09.2010
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Name : |
Mr. Govind S. Upadhyay |
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Designation : |
Director |
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Address : |
A3 Nishigandha Chs. Shree Nagar Wagle Estate, Thane (W), Thane –
400604, Maharashtra, India |
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Date of Birth/Age : |
14.08.1969 |
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Date of Appointment : |
22.12.1993 |
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Name : |
Mr. Manoj R. Agrawal |
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Designation : |
Director |
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Address : |
A-702, Swapna Mahal Chs. Swapna Nagri Off. B.R. Rd., Mulund (W),
Mumbai – 400080, Maharashtra, India |
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Date of Birth/Age : |
14.02.1968 |
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Date of Appointment : |
22.12.1993 |
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Name : |
Mr. Anil S. Sharma |
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Designation : |
Director |
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Address : |
502, Golden Palace, Datar Colony, Kanjur Marg, Mumbai – 400042,
Maharashtra, India |
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Date of Birth/Age : |
07.06.1968 |
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Date of Appointment : |
22.12.1993 |
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Name : |
Mr. Vivek S. Ullal |
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Designation : |
Director |
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Address : |
7, Meghdoot Bldg., Rd. No. 4, Restom Nagar, Chembur, Mumbai – 400071,
Maharashtra, India |
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Date of Birth/Age : |
19.06.1967 |
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Date of Appointment : |
22.12.1993 |
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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Manoj R. Agrawal |
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52500 |
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Govind S. Upadhyay |
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52500 |
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Anil S. Sharma |
|
52500 |
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Vivek S. Ullal |
|
52500 |
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Total |
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210000 |
AS ON 30.09.2010
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Services of Internet Solutions. |
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Terms : |
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Selling : |
Cash, Credit (30 days, 60 days, 90 days) |
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Purchasing : |
Cash, Credit (30 days, 60 days,
90 days) |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
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Banking Relations
: |
--- |
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Auditors : |
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Name : |
Bhagwandas Somani Chartered Accountant |
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Address : |
26, Maruti Arcade, J.N. Road, Mulund West, Mumbai – 400080,
Maharashtra, India |
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Tel. No.: |
91-22-25652555 |
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Fax No.: |
91-22-25690936 |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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210000 |
Equity Shares |
Rs.10/- each |
Rs. 2.100 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sales Turnover (Approximately) |
40.000 |
15.000 |
20.000 |
Expected Sales (2011-2012) : Rs. 80.000 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 |
2.100 |
2.100 |
2.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
6.885 |
6.469 |
5.193 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.00 |
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NETWORTH |
8.985 |
8.569 |
7.293 |
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LOAN FUNDS |
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1] Secured Loans |
0.611 |
0.947 |
1.257 |
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2] Unsecured Loans |
5.287 |
5.287 |
4.112 |
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TOTAL BORROWING |
5.898 |
6.234 |
5.369 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
14.882 |
14.803 |
12.662 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.973 |
3.276 |
2.965 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.032 |
0.032 |
0.032 |
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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 |
0.936
|
1.301 |
0.476 |
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Sundry Debtors |
2.831
|
3.259 |
6.794 |
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Cash & Bank Balances |
3.595
|
0.893 |
0.442 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
8.731
|
10.492 |
6.773 |
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Total
Current Assets |
16.093
|
15.945 |
14.485 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
3.985
|
3.763 |
3.930 |
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Other Current Liabilities |
0.000
|
0.000 |
0.000 |
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Provisions |
0.230
|
0.687 |
0.890 |
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Total
Current Liabilities |
4.215
|
4.450 |
4.820 |
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Net Current Assets |
11.878
|
11.495 |
9.665 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
14.883 |
14.803 |
12.662 |
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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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Sales |
NA |
NA |
NA |
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TOTAL
PROFIT/LOSS |
0.976 |
1.275 |
0.971 |
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PROFIT/LOSS BEFORE DEPRECIATION |
1.576 |
1.805 |
1.458 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.12
|
1.24 |
1.39 |
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Current Ratio (Current Asset/Current Liability) |
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3.81
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3.58 |
3.00 |
LOCAL AGENCY FURTHER INFORMATION
Trade References
- Cipla Limited
- Nitco Limited
- Hewlett
Pakard India Sales Private Limited
Details of Sundry Creditors: (Partial
Details)
|
Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
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Amar Sai Networks |
0.003 |
0.000 |
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Bhawani Traders |
0.003 |
0.000 |
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Digital Corner
& Stationers |
0.002 |
0.000 |
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B K Enterprises |
0.000 |
0.001 |
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Boss Tech
International |
0.000 |
0.004 |
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Brij Infotech
Private Limited |
0.000 |
0.252 |
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Express Computer
Services |
0.052 |
0.122 |
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Datanet
System-Crs |
0.000 |
0.001 |
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Data Cablenet |
0.000 |
0.001 |
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Chandan
Enterprises |
0.000 |
0.438 |
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Convergent
Communications (I) Private Limited |
0.000 |
0.019 |
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Jmv Earthing
Eqipment Pvt.Ltd. |
0.002 |
0.000 |
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Kabir Technology
Pvt. Ltd. |
0.009 |
0.011 |
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Frontline
Computer Services |
0.000 |
0.005 |
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L.K.Network
Systems |
0.006 |
0.000 |
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Nesttech India
Pvt Ltd |
0.010 |
0.000 |
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Netcore Solutions
Pvt. Ltd. |
0.228 |
0.000 |
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Net- Set Network
Systems |
0.001 |
0.000 |
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Network
Technology |
0.002 |
0.000 |
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Omnitech InfoSoultions
Ltd |
0.243 |
0.000 |
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Kaybee Infotech
Private Limited |
0.000 |
0.050 |
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Micrologic
Networks Private Limited |
0.000 |
0.040 |
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Multitech
Computers Private Limited |
0.000 |
0.006 |
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Ocean
Technosolutions Pvt. Limited |
0.000 |
0.021 |
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OGN Enterprises
|
0.780 |
0.780 |
|
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Paras Electro
Controls |
0.000 |
0.001 |
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Porwal Systems
& Services |
0.003 |
0.008 |
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RAH Infotech P
Ltd |
0.001 |
0.000 |
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Roundrobin Tech
Services (P) Ltd. |
0.502 |
0.098 |
3.930 |
|
Royal Printers |
0.001 |
0.001 |
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Ses Technologies
Limited |
0.000 |
0.134 |
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Sheela Sales
Corporation |
0.000 |
0.458 |
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Shiva Giri Cool
Tech |
0.000 |
0.005 |
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Shreeji Infocom |
0.000 |
0.007 |
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Spectrum Prints |
0.005 |
0.022 |
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Sify Technologies
Limited |
0.000 |
0.183 |
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Supreme Sales
Corpn |
0.200 |
0.000 |
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S.S.Technologies |
0.005 |
0.000 |
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Sujit Kadam |
0.003 |
0.000 |
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Supreme Traders |
0.646 |
0.645 |
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Supertek Network
Solution |
0.000 |
0.036 |
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Ultima Comp Tech |
0.027 |
0.000 |
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Ultima Network
Technologies |
0.026 |
0.000 |
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Universal
Enterprises |
0.944 |
0.000 |
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CWC – Impex |
0.011 |
0.000 |
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CWC – Kalamboli |
0.031 |
0.000 |
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Forbes Company
Ltd.-EDI |
0.034 |
0.000 |
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Techroutes
Network Private Limited |
0.000 |
0.157 |
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Speedy Multimodes
ltd. |
0.141 |
0.070 |
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Forbes Patvolk |
0.000 |
0.016 |
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Container Corpn
of India Limited |
0.000 |
0.171 |
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Manjul Bhartiya |
0.017 |
0.026 |
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Ritu Bhartiya |
0.008 |
0.000 |
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Tera Software |
0.039 |
0.039 |
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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.44.45 |
|
|
1 |
Rs.73.35 |
|
Euro |
1 |
Rs.64.78 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
44 |
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.