MIRA
INFORM REPORT
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Report Date : |
05.08.2011 |
IDENTIFICATION DETAILS
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Name : |
UNICOM INFOTEL PRIVATE LIMITED (w.e.f. 25.08.2003) |
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Formerly Known
As : |
UNICOM OFFICE AUTOMATION PRIVATE LIMITED |
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Registered Office : |
C 315-320, Solaris I Opposite, L and T Gate No.6, Saki Vihar Road,
Powai, Mumbai – 400072, Maharashtra |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
23.09.1996 |
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Com. Reg. No.: |
11-102771 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.480 Millions |
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CIN No.: [Company
Identification No.] |
U32202MH1996PTC102771 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMU02527A |
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PAN No.: [Permanent
Account No.] |
AAACU1355P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Providing Solutions for Office Automation and IT Products. |
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No. of Employees
: |
200 (In Office) (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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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 62000 |
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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 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
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Name : |
Mr. Vaidya Nathan |
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Designation : |
Accounts Manager |
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Contact No.: |
91-9322748476 |
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Date : |
04.08.2011 |
LOCATIONS
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Registered Office / Corporate Office : |
C 315-320, Solaris I Opposite, L
and T Gate No.6, Saki Vihar Road, Powai, Mumbai – 400072, Maharashtra |
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Tel No.: |
91-22-40073000 |
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Mobile No.: |
91-9322748476 (Mr. Vaidya Nathan) |
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Fax No.: |
91-22-28575637 |
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E-Mail : |
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Website : |
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Area: |
2500 sq.ft. (Owned) |
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Branch Office : |
Located at ·
Kolkata ·
Secunderabad ·
Bengalore ·
Chennai ·
Mumbai ·
Pune ·
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·
·
·
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NOTE : The Registered office address given in data
base report was rented, company has shifted their registered office now at Saki
Vihar Road, Powai, Maharashtra, India.
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Bharat Mahendrabhai Thakker |
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Designation : |
Whole Time Director |
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Address : |
Block No. 14, 2nd Floor, Yeshwant Nagar, |
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Date of Birth/Age : |
27.10.1949 |
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Date of Appointment : |
21.04.1997 |
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Din No.: |
02027462 |
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Name : |
Mr. Jay Bharat Thakker |
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Designation : |
Director |
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Address : |
Block No. 14, 2nd Floor, Yeshwant Nagar, |
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Date of Birth/Age : |
12.07.1976 |
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Date of Appointment : |
23.09.1996 |
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Din No.: |
00350587 |
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Name : |
Mr. Jayesh Ramesh Tekchandaney |
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Designation : |
Director |
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Address : |
B-29, Vasuki, |
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Date of Birth/Age : |
22.12.1976 |
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Date of Appointment : |
23.09.1996 |
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Din No.: |
02331646 |
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Name : |
Mr. Vinod Gobind Tekchandaney |
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Designation : |
Director |
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Address : |
Flat No. B/303-304, |
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Date of Birth/Age : |
14.02.1970 |
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Date of Appointment : |
23.09.1996 |
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Name : |
Mr. Inder Wadhumal Tekchandaney |
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Designation : |
Director |
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Address : |
4, |
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Date of Birth/Age : |
14.03.1941 |
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Date of Appointment : |
23.09.1996 |
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Din No.: |
01388771 |
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Name : |
Mr. Balraj Sabhandas Tekchandaney |
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Designation : |
Director |
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Address : |
502, Anmol, Powai Vihar Complex, Pawai, Mumbai – 400 072, |
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Date of Birth/Age : |
20.03.1956 |
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Date of Appointment : |
23.09.1996 |
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Din No.: |
00391571 |
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Name : |
Mr. Ganapathy Subramaniam Vaidyanathan |
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Designation : |
Director |
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Address : |
12-7-162/4, 1st Floor, Ayappan Nagar, Mettuguda,
Secunderabad, Andhra Pradesh – 500 017, |
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Date of Birth/Age : |
26.08.1972 |
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Date of Appointment : |
08.05.2006 |
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Din No.: |
02348254 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 30.09.2010)
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Names of Shareholders |
No. of Shares |
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Bharat M Thakkar |
2900 |
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Bharat M Thakkar (HUF) |
5960 |
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Jay B Thakkar |
5815 |
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Khyati B Thakkar |
5300 |
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Ramesh Tekchandaney |
13150 |
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Jyoti R Tekchandaney |
12565 |
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R |
12500 |
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Veena B Thakkar |
6715 |
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Balraj S Tekchandaney |
2300 |
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Vinod Tekchandaney |
9900 |
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Unicom Finance Private Limited |
7875 |
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Anita Tekchandaney |
10810 |
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Manoj Tekchandaney |
8000 |
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Inder W Tekchandaney |
7200 |
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Prachi V Tekchandaney |
7715 |
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Madhur I Tekchandaney |
100 |
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Mayur I Tekchandaney |
7450 |
|
Unique Mixers and Furnaces Private Limited |
7110 |
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G Vaiodyanathan |
100 |
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Jayesh Tekchandaney |
9000 |
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Purvi J Tekchandaney |
10825 |
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Vinod Tekchandaney |
9265 |
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Manoj Tekchandaney |
10000 |
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Vinod Gobind Tekchandaney (HUF) |
1000 |
Equity shares Breakup (percentage of total equity)
(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 Solutions for Office Automation and IT Products. |
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Importer of : |
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Product : |
IT Consumable Products |
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Country : |
China |
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Terms : |
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Selling : |
Credit (30 days / 60 days / 90 days) – Advance Payment |
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Purchasing : |
Advance |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
200 (In Office) (Approximately) |
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Bankers : |
·
The Thane Janata Sahakari Bank ·
HDFC Bank |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Makhija and Associates Chartered Accountants |
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Address : |
204, Rewa Chambers, 31, New Marine Lines, Mumbai – 400 001, |
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Tel. No.: |
91-22-2017431 / 2012313 / 2013600 |
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Associates/Subsidiaries : |
Unique Mixtures Private Limited |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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248025 |
Equity Shares |
Rs.10/- each |
Rs. 2.480
Millions |
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FINANCIAL DATA
[all figures are
in Rupees 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 |
2.603 |
2.480 |
0.993 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
12.912 |
10.105 |
7.488 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
15.515 |
12.585 |
8.481 |
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LOAN FUNDS |
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1] Secured Loans |
21.079 |
20.488 |
25.449 |
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2] Unsecured Loans |
26.585 |
26.098 |
29.093 |
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TOTAL BORROWING |
47.664 |
46.586 |
54.542 |
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DEFERRED TAX LIABILITIES |
0.261 |
0.243 |
0.254 |
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Security Deposit for Premises |
0.300 |
1.000 |
1.000 |
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TOTAL |
63.740 |
60.414 |
64.277 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
17.987 |
19.346 |
19.284 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.100 |
0.100 |
0.100 |
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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 |
26.906
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19.422
|
20.798 |
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Sundry Debtors |
39.904
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33.420
|
38.396 |
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Cash & Bank Balances |
3.865
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2.819
|
4.663 |
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Other Current Assets |
0.000
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0.000
|
0.000 |
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Loans & Advances |
9.958
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9.836
|
8.527 |
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Total
Current Assets |
80.633
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65.497
|
72.384 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
29.094
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|
12.219 |
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Other Current Liabilities |
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9.780 |
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Provisions |
5.957
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4.966 |
5.492 |
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Total
Current Liabilities |
35.051
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24.608
|
27.491 |
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Net Current Assets |
45.582
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40.889
|
44.893 |
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MISCELLANEOUS EXPENSES |
0.071 |
0.079 |
0.000 |
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TOTAL |
63.740 |
60.414 |
64.277 |
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Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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Sales Turnover (Approximately) |
300.000 |
220.000 |
180.000 |
NA |
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The above information has been parted by Mr. Vadiya Nathan.
KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
31.03.2008 |
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Debt Equity Ratio (Total Liability/Networth) |
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5.33
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5.66
|
9.67 |
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Current Ratio (Current Asset/Current Liability) |
|
2.30
|
2.66
|
2.63 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS:
(Rs.
In Millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors- Mumbai |
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|
3.747 |
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|
2.705 |
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Sundry Creditors- |
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|
0.143 |
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Sundry Creditors – |
29.094
|
19.642
|
1.980 |
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Sundry Creditors – Kolkata |
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|
1.758 |
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Sundry Creditors – |
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|
0.729 |
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Sundry Creditors- Bangalore |
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|
1.157 |
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Total |
29.094
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19.642
|
12.219 |
TRADE REFERENCES:
·
DHL
·
Powerica Limited
FORM : 8
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U32202MH1996PTC102771 |
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Name of the
company |
UNICOM INFOTEL PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
18, Ravi Insustrial Estate, Off |
|
This form is for |
Modification of
charge |
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Type of charge |
·
Immovable
property ·
Movable
property (not being pledge) |
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Particular of
charge holder |
The Thane Janata Sahakari Bank |
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Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation |
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Date of
instrument Creating the charge |
29.03.2008 |
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Amount secured by
the charge |
Rs.20.000
millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
·
Rate
of interest 11.50% p.a. at monthly rest i.e. @ 2.00% p.a. below PLR ·
Terms
of repayment 12 months, shall be renewed on yearly basis ·
Margin
40% ·
Extent
and operation of the charge Rupees Two Crores Only |
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Short particulars
of the property charged |
Stocks, Book
debts, Equitable mortgage by way of deposit of title deed of Unit No 42 and
Unit No. 315 to 320 situated in the building Solaris – I in Universal
Industrial Estate situated at Village Tungwa ( |
|
Particulars of
the present modification |
Enhancement of
cash credit limit from Rs.12.000 millions to 20.000 millions |
FIXED ASSETS
·
Computers
·
Furniture
·
Air conditioners
·
Electrical Fittings
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. 44.41 |
|
|
1 |
Rs. 72.69 |
|
Euro |
1 |
Rs. 63.55 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
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|
--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 |
|
46 |
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.