1. Summary Information
|
|
|
Country |
India |
|
Company Name |
4G Identity
Solutions Private Limited |
Principal Name 1 |
Mr. Rama Kishan Maddineni |
|
Status |
Moderate |
Principal Name 2 |
Ms. Lakshmi Tripirneni |
|
|
|
Registration # |
01-54636 |
|
Street Address |
Plot No. 241, Road No. 72, Prashasan Nagar, Jubilee Hills, Hyderabad –
500 034, Andhra Pradesh, India |
||
|
Established Date |
27.06.2007 |
SIC Code |
-- |
|
Telephone# |
91-40-23558789/ 32913939 |
Business Style 1 |
Service Provider |
|
Fax # |
91-40-23558769 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Identity Management Solution Services |
|
|
# of employees |
35
(Approximately) |
Product Name 2 |
|
|
Paid up capital |
Rs.100,000/-
|
Product Name 3 |
|
|
Shareholders |
Directors or relatives of directors- 100.00% |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
4 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,337,000 |
Current Liabilities |
1,056,000 |
|
Inventories |
0,000,000 |
Long-term Liabilities |
0,000,000 |
|
Fixed Assets |
2,376,000 |
Other Liabilities |
381,000 |
|
Deferred Assets |
0,000,000 |
Total Liabilities |
1,437,000 |
|
Invest& other Assets |
28,000 |
Retained Earnings |
754,000 |
|
|
|
Net Worth |
3,304,000 |
|
Total Assets |
4,741,000 |
Total Liab. & Equity |
4,741,000 |
|
Total Assets (Previous Year) |
3,094,000 |
|
|
|
P/L Statement as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
13,451,000 |
Net Profit |
NA |
|
Sales(Previous yr) |
4,655,000 |
Net Profit(Prev.yr) |
131,000 |
MIRA
INFORM REPORT
|
Report Date : |
11.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
4G IDENTITY SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 241, Road No. 72, Prashasan Nagar, Jubilee Hills, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2009 |
|
|
|
|
Date of
Incorporation : |
27.06.2007 |
|
|
|
|
Com. Reg. No.: |
01-54636 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200AP2007PTC054636 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
HYDG05705A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ2930M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing an Identity Management Solution Services. |
|
|
|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 13000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having moderate track. The management has not
filed the latest financials of the company with the government departments.
However, trade relations are reported as fair. Business is active. Payment
terms are unknown. 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) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY (GENERAL INFORMATION)
|
Name : |
Mr. Narayan Rao |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9573215289 |
|
Date : |
10.08.2011 |
LOCATIONS
|
Registered Office : |
Plot No. 241, Road No. 72, Prashasan Nagar, Jubilee Hills, |
|
Tel. No.: |
91-40-23558789 / 32913939/ 23558799 |
|
Mobile No.: |
91-9573215289 (Mr. Narayan) |
|
Fax No.: |
91-40-23558769 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No.: 330 and 331, Road No. 79, Jubilee Hills,
Hyderabad – 500 034, Andhra Pradesh, India |
|
Tel.
No.: |
91-40-23558789 / 32913939 |
|
Fax
No.: |
91-40-23558769 |
|
|
|
|
|
4039, sector C-4, Vasant Kunj, New Delhi – 110070, India |
|
Tel. No.: |
91-11-32972939 |
|
Fax No.: |
91-11-45671559 |
DIRECTORS
(AS ON 07.09.2009)
|
Name : |
Mr. Rama Kishan Maddineni |
|
Designation : |
Director |
|
Address : |
59-7-6, Patamata Vijayawada – 520 008, |
|
Date of Birth/Age : |
27.12.1964 |
|
Date of Appointment : |
18.10.2008 |
|
|
|
|
Name : |
Ms. Lakshmi Tripirneni |
|
Designation : |
Director |
|
Address : |
59-7-6, |
|
Date of Birth/Age : |
06.07.1970 |
|
Date of Appointment : |
28.08.2007 |
|
|
|
|
Name : |
Mr. Nasaraiah Tripuraneni |
|
Designation : |
Director |
|
Address : |
4-11-1, Pasumarru, Pamarru Mandal – 521 157, |
|
Date of Birth/Age : |
11.01.1951 |
|
Date of Appointment : |
28.08.2007 |
|
Date of Appointment : |
20.08.2009 |
|
|
|
|
Name : |
Mr. Sreenivasa Rao Tripuraneni |
|
Designation : |
Director |
|
Address : |
304, |
|
Date of Birth/Age : |
15.08.1972 |
|
Date of Appointment : |
07.07.2009 |
|
|
|
|
ADDITIONAL DIRECTOR AS ON 20.08.2009 |
|
|
Name : |
Mr. Narreddy Rajasekhara Reddy |
|
Designation : |
Additional Director |
|
Address : |
J-16, Panchavti Layout, Manikondas Rangareddy District,
Hyderabad-500089, |
|
Date of Birth/Age : |
03.06.1967 |
|
Date of Appointment : |
20.08.2009 |
|
|
|
|
Name : |
Mrs. Santhipriya Jakkampudi |
|
Designation : |
Director |
|
Address : |
Plot No. 60, AP Text Book Press Colony, Gunrock Enclave, Kharkhana,
Secunderabad-500016, Andhra Pradesh, India |
|
Date of Birth/Age : |
29.05.1963 |
|
|
|
|
Name : |
Mr. Srividhya Vekataraman |
|
Designation : |
Director |
|
Address : |
F. No. 208, Saradha Apartments, Phase I, |
|
Date of Birth/Age : |
24.06.1967 |
KEY EXECUTIVES
|
Name : |
Mr. Narayan Rao |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 07.09.2009)
|
Names of Shareholders |
No. of Shares |
|
Sreenivasa Rao Tripuraneni |
165750 |
|
Lakshmi Tripirneni |
51000 |
|
Manikumari Tripuraneni |
25500 |
|
Narreddy Rajasekhara Reddy |
12750 |
|
|
|
|
Total |
255000 |
Equity share
breakup (percentage of total equity)
(As on
30.09.2009)
|
Category |
Percentage |
|
Directors or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing an Identity Management Solution Services. |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
35 (Approximately) |
|
|
|
|
Bankers : |
· State Bank of India Jubilee Hills, Hyderabad, Andhra Pradesh, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
CRK and Associates Chartered Accountant |
|
Address : |
Plot No. 3A, Navodaya Colony, Road No. 14, Banjara Hills,
Hyderabad-500034, |
|
Tel. No.: |
91-40-23552305 |
|
Fax No.: |
91-40-23552304 |
|
E mail: |
|
|
Website: |
CAPITAL STRUCTURE
(AS ON 07.09.2009)
Authorised Capital: Rs.210.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.203.550
Millions
(AS ON 31.03.2009)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
|
Add: |
Share Application Money |
|
Rs.2.450
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.2.550 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
2.450 |
2.450 |
|
|
3] Reserves & Surplus |
|
0.754 |
0.131 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
3.304 |
2.681 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.381 |
0.308 |
|
|
|
|
|
|
|
|
TOTAL |
|
3.685 |
2.989 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
2.376 |
2.498 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
1.321 |
0.011 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
1.016 |
0.551 |
|
Total
Current Assets |
|
2.337 |
0.562 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
1.056 |
0.105 |
|
Total
Current Liabilities |
|
1.056 |
0.105 |
|
|
Net Current Assets |
|
1.281 |
0.457 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.028 |
0.034 |
|
|
|
|
|
|
|
|
TOTAL |
|
3.685 |
2.989 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
13.451 |
4.655 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
|
0.462 |
|
|
|
Payment and Benefits to Employees |
|
|
2.555 |
|
|
|
Administrative and Selling Expenses |
|
NA |
0.952 |
|
|
|
Preliminary Expenses written off |
|
|
0.006 |
|
|
|
TOTAL |
|
NA |
3.975 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
NA |
0.680 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
NA |
0.136 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
1.032 |
0.544 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
NA |
0.413 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
NA |
0.131 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
-- |
13.10 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
|
NA |
2.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
21.90 |
17.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.31 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.32 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.21 |
5.35 |
LOCAL AGENCY FURTHER INFORMATION
REVIEW OF
OPERATIONS FOR THE CURRENT YEAR
This is the Second year of operations of the company. They have achieved
a turnover of Rs.13.451 Millions with a profit of Rs.1.032 Millions before
taxes, compare to last year turnover of Rs.4.655 Millions with a profit of
Rs.0.544 Million respectively. During the current year they are awarded two
prestigious projects worth of Rs.305.100 Millions by Civil Supplies Department,
Government of AP for providing De-duplication and Identity Management Solution
for 90 Million people. It is in the active stage of Implementation. They are
confident of good results in the financial year 2009-2010.
FIXED ASSETS
·
Furniture
·
Office Equipment
·
Air Conditioners
·
Computers
·
Vehicles
WEB DETAILS
PROFILE
Subject is in developing and deploying Identity Management solutions for the Indian market.
Subject offers the technology to achieve unparalleled security and speed for large-scale identification and verification applications.
As an early market entrant, Subject has invested significantly
in the Indian market and has achieved substantial market penetration in
Subject has developed a portfolio of applications built around subject’s modular Identity Management platform that interoperates with multiple biometric devices, biometric algorithms, and demographic search engines.
The simple, but powerful architecture has allowed subject to
cultivate a diverse clientele that span across Governments, PSUs and Corporates
across
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.45.17 |
|
|
1 |
Rs.73.72 |
|
Euro |
1 |
Rs.64.26 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
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 |
|
26 |
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.