%20PRIVATE%20LIMITED%20-%20150237%2003-Aug-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
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Report Date : |
03.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
DOCOMO INTERTOUCH (INDIA) PRIVATE LIMITED (w.e.f 21.10.2008) |
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Formerly Known
As : |
MAGINET INTERACTIVE INDIA PRIVATE LIMITED |
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Registered
Office : |
327-328, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
05.09.2003 |
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Com. Reg. No.: |
11-142063 |
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Paid-up Capital
: |
Rs. 0.500 Million |
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|
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CIN No.: [Company Identification
No.] |
U72900MH2003PTC142063 |
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|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMM19937B |
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PAN No.: [Permanent Account No.] |
AADCM6100F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
They provide networking solutions to 5 Star Hotels |
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No. of Employees
: |
70 (approximately) [In Office] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 430000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having fine track. Financial
position of the company is good. Trade relations are reported as fair.
Business is active. Payments are reported to be correct 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.
INFORMATION PARTED BY
|
Name : |
Mr. Tushar Jathar |
|
Designation : |
Assistant Accounts Manager |
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Contact No.: |
91-9867997902 |
|
Date : |
03.08.2011 |
LOCATIONS
|
Registered Office : |
327-328, |
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Tel. No.: |
91-22-67281000 |
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Mobile No.: |
91-9867997902 (Mr. Tushar) |
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Fax No.: |
91-22-67281001 |
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E-Mail : |
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|
Website : |
DIRECTORS
As On 30.09.2010
|
Name : |
Mr. Enrico Nora |
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Designation : |
Director |
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Address : |
19H Mount Sinai Rise 276927, |
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Date of Birth/Age : |
04.12.1966 |
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Date of Appointment : |
24.03.2008 |
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DIN No.: |
02223850 |
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|
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Name : |
Mr. Charles George St John Reed |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
29.08.1965 |
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Date of Appointment : |
24.03.2008 |
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DIN No.: |
02236014 |
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|
|
|
Name : |
Mr. Baleshwar Tombi Singh Takhelambam |
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Designation : |
Director |
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Address : |
Kwakeithel Mayaikoibi, Impal - 795001, |
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Date of Birth/Age : |
08.08.1959 |
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Date of Appointment : |
05.09.2003 |
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Date of Cessation : |
30.09.2010 |
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DIN No.: |
01023270 |
KEY EXECUTIVES
|
Name : |
Mr. Tushar Jathar |
|
Designation : |
Assistant Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Docomo InterTouch Company Limited – Hong Kong |
|
1 |
|
Docomo InterTouch Pte. Limited – |
|
49999 |
|
Total |
|
50000 |
As On 30.09.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
They provide networking solutions to 5 Star Hotels |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
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No. of Employees : |
70 (approximately) [In Office] |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
BSR and Company Chartered Accountant |
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Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N. M.
Joshi Marg, Mahalakshmi, Mumbai – 400011, |
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Tel. No.: |
91-22-39896000 |
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Fax No.: |
91-22-39836000 |
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Pan No.: |
AAAFB9852F |
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Ultimate Holding Company : |
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Holding Company : |
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Fellow Subsidiaries : |
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CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Note:
Of the above 49999 (previous year 49999)
equity shares are held by Docomo Intertouch Pte Limited,
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 |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
108.621 |
94.230 |
79.331 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
109.121 |
94.730 |
79.831 |
|
|
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 |
3.150 |
1.349 |
2.779 |
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|
|
|
|
|
|
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TOTAL |
112.271 |
96.079 |
82.610 |
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|
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|
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|
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APPLICATION OF FUNDS |
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|
|
|
|
|
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FIXED ASSETS [Net Block] |
44.297 |
21.990 |
24.568 |
|
|
Capital work-in-progress |
22.794 |
16.201 |
19.387 |
|
|
|
|
|
|
|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
75.104
|
48.638 |
35.667 |
|
|
Cash & Bank Balances |
24.600
|
19.380 |
5.776 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
11.290
|
23.706 |
8.410 |
|
Total
Current Assets |
110.994
|
91.724 |
49.853 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
52.378 |
25.061 |
5.827 |
|
|
Other Current Liabilities |
12.165
|
7.738 |
4.633 |
|
|
Provisions |
1.271
|
1.037 |
0.738 |
|
Total
Current Liabilities |
65.814
|
33.836 |
11.198 |
|
|
Net Current Assets |
45.180
|
57.888 |
38.655 |
|
|
|
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|
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
|
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|
|
|
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TOTAL |
112.271 |
96.079 |
82.610 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SERVICES
RENDERED AND OTHER INCOME |
144.074 |
117.084 |
115.668 |
|
|
|
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|
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|
Less |
EXPENSES |
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|
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|
Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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Financial Expenses |
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TOTAL |
99.170 |
82.265 |
61.863 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
44.904 |
34.819 |
53.805 |
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
20.196 |
12.740 |
16.650 |
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PROFIT BEFORE
TAX |
24.708 |
22.079 |
37.155 |
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|
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|
|
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Less |
TAX |
10.317 |
7.180 |
13.168 |
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PROFIT AFTER TAX
|
14.391 |
14.899 |
23.987 |
|
|
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
94.230 |
79.331 |
NA |
|
|
|
|
|
|
|
|
|
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BALANCE CARRIED
TO THE B/S |
108.621 |
94.230 |
NA |
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|
|
|
|
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|
Earnings Per
Share (Rs.) |
287.82 |
297.99 |
NA |
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%20PRIVATE%20LIMITED%20-%20150237%2003-Aug-2011_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20150237%2003-Aug-2011_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
9.99
|
12.73 |
20.74 |
|
|
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|
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Return on Total Assets (PBT/Total Assets} |
(%) |
15.91
|
19.42 |
49.93 |
|
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.23 |
0.47 |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.60
|
0.36 |
0.14 |
|
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|
Current Ratio (Current Asset/Current Liability) |
|
1.69
|
2.71 |
4.45 |
LOCAL AGENCY FURTHER INFORMATION
BACKGROUND
Subject (formerly known as Maginet Interactive India
Private Limited) ('the Company') was incorporated on 05.09.2003 as a
private limited company under
the Companies Act, 1956.
The principle
objective of the Company is to carry on, setup and to act as technology
solution provider, to provide secured, high speed, authorized access to various
technology interactive tools, websites, information, education, communication
and entertainment, through various electronic media, satellites, networking and
other means of technology, to build and develop software's, for enabling access
to personalized secured high end system.
Effective
21.10.2008, the Registrar of Companies,
The Details of
Sundry Creditors
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors ** |
52.378 |
25.061 |
5.827 |
** There are no amounts due to any micro or small enterprise as defined under
the micro, small and medium enterprises development act, 2006 (previous year
Rs. Nil)
OPERATIONS:
The company has earned income to the tune of Rs. 142.149 millions from
the services rendered as compared to Rs. 116.338 millions during the previous year,
which represents increase of about 22%. Profit before taxation is Rs. 24.708 as
compared to Rs. 22.079 millions during the previous year. In the short span of
its operation, the company has established good reputation in the market and
many contracts in the pipeline. The directors are making constant endeavor to
improve the performance of the company.
Note:
The Registered office of the company has been shifted from 527
Chintamani Plaza,
Trade References:
- J
- Oberoi Hotel
– Colaba
Fixed Assets:
Office equipments
Computers
Furniture and fixtures
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.44.23 |
|
|
1 |
Rs.72.09 |
|
Euro |
1 |
Rs.62.99 |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.