Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
IRIS COMPUTERS LIMITED |
Principal Name 1 |
Mr. Som Nath Arya |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sanjiv Krishen |
|
|
|
Registration # |
55-081490 |
|
Street Address |
E-69, Vasant Marg, Vasant Vihar, New Delhi – 110 057, Delhi, India |
||
|
Established Date |
28.08.1996 |
SIC Code |
-- |
|
Telephone# |
91-11-26146808 |
Business Style 1 |
Importer |
|
Fax # |
91-11-26149613 |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Service Warranty Packs |
|
|
# of employees |
100 (Approximately) |
Product Name 2 |
Electronic Equipments |
|
Paid up capital |
Rs.
35,693,000/- |
Product Name 3 |
IT Products |
|
Shareholders |
Foreign
Holdings– 19% Directors and Relatives of Directors–81% |
Banking |
Axis Bank
Limited |
|
Public Limited Corp. |
Yes |
Business Period |
15 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
Yes |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
India
|
Impact IT Solutions Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,411041,000 |
Current Liabilities |
1,701,302,000 |
|
Inventories |
560,137,000 |
Long-term Liabilities |
902,864,000 |
|
Fixed Assets |
29,556,000 |
Other Liabilities |
0 |
|
Deferred Assets |
8,970,000 |
Total Liabilities |
2,604,166,000 |
|
Invest& other Assets |
3,295,000 |
Retained Earnings |
373,140,000 |
|
|
|
Net Worth |
408,833,000 |
|
Total Assets |
3,012,999,000 |
Total Liab. & Equity |
3,012,999,000 |
|
Total Assets (Previous Year) |
2,283,342,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
8,650,997,000 |
Net Profit |
64,201,000 |
|
Sales(Previous yr) |
8,137,136,000 |
Net Profit(Prev.yr) |
59,992,000 |
MIRA
INFORM REPORT
|
Report Date : |
30.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
IRIS COMPUTERS LIMITED |
|
|
|
|
Formerly Known
As : |
IRIS UNIFIED LEARNING LIMITED |
|
|
|
|
Registered
Office : |
E-69, Vasant Marg, Vasant Vihar, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
28.08.1996 |
|
|
|
|
Com. Reg. No.: |
55-081490 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 35.693 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72100DL1996PLC081490 |
|
|
|
|
Legal Form : |
Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Importers and Traders of Computers and Computer Peripherals. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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.
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 : |
E-69, Vasant Marg, Vasant Vihar, |
|
Tel. No.: |
91-11-26146808/51661350/54/ 26782505 |
|
Fax No.: |
91-11-26149613/ 26782510 |
|
E-Mail : |
sanjiv.krishen@iriscomputers.net |
|
Website : |
|
|
Locations : |
Owned |
|
|
|
|
Corporate Office : |
A-155, Road No. 4, Mahipalpur, New Delhi-110037, |
|
Tel. No.: |
91-11-26782505 |
DIRECTORS
AS ON 02.09.2010
|
Name : |
Mr. Sanjiv Krishen |
|
Designation : |
Director |
|
Address : |
E-69, Vasant Marg, Vasant Vihar, |
|
Date of Birth/Age : |
24.03.1948 |
|
Date of Appointment : |
28.08.1996 |
|
DIN No : |
01356670 |
|
|
|
|
Name : |
Mr. Som Nath Arya |
|
Designation : |
Director |
|
Address : |
M-98, Ground Floor, Saket, New Delhi-110017, |
|
Date of Birth/Age : |
12.05.1944 |
|
Date of Appointment : |
15.04.2005 |
|
DIN No : |
00162973 |
|
|
|
|
Name : |
Ms. Kamini Talwar |
|
Designation : |
Director |
|
Address : |
A2/102, |
|
Date of Birth/Age : |
31.05.1960 |
|
Date of Appointment : |
15.04.2005 |
|
DIN No : |
01391323 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 02.09.2010
|
Names of Shareholders |
No. of Shares |
|
Sanjiv Kirshen |
1737960 |
|
Deepa Krishen |
909990 |
|
Newco Group Limited |
335331 |
|
Sanjay Krishen |
1000 |
|
Som Nath Arya |
56010 |
|
Kamini Talwar |
100690 |
|
Prem Lata Arya |
1500 |
|
Kanta Krishen |
10 |
|
Som Nath Arya and Prem Lata Arya |
43180 |
|
SEAPI Limited, Bahamas |
342650 |
|
Sanjiv Krishen – HUF |
40940 |
|
Total |
3569261 |
AS ON 02.09.2010
|
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 |
19.00 |
|
Directors or relatives of Directors |
81.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importers And Traders of Computers And Computer Peripherals. |
|
|
|
|
Products : |
v IT Products v Electronic Equipments v Service Warranty Packs |
GENERAL INFORMATION
|
Customers : |
|
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Axis Bank Limited, 4/10, OPG House, Asaf Ali Road,
New Delhi - 110002, Delhi, India ·
HDFC Bank Limited, Sandoz House, Worli, Mumbai -
400013, Maharashtra, India |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Facilities : |
Notes: 1.
Working Capital loans are secured by a pari passu
charge of all banks, on all present and future accounts receivable,
Inventory, property and equipment of the company with collateral security of
equitable mortgage on the properties owned by directors Sanjiv Krishen and
family and the personal guarantee of the director, Sanjiv Krishen 2.
Property loans are secured against the banks
first charge on the respective properties and the personal guarantees of the
director, Sanjiv Krishen 3.
Vehicle Loans are secured against the banks first
charge on the respective vehicles financed
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
·
3i Infotech Trusteeship Services Limited, 3rd to
6th floor, International Infotech Park, Tower No.5, Vashi Railway Station
Complex, Vashi, Navi Mumbai - 400703, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Christopher, Srikanth and Srikanth Chartered Accountant |
|
Address : |
2nd Floor, |
|
Tel. No.: |
91-80-23347000 |
|
Fax No.: |
91-80-23316852 |
|
E-mail: |
|
|
Website: |
|
|
|
|
|
Holding Company : |
Newco Group Limited |
|
|
|
|
Associates: |
Integer Consultancy Services Private Limited Integer Leasing and Finance Company Private Limited Integer Management Services Private Limited Impact IT Solutions Private Limited Impact Infrastructure Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3569261 |
Equity Shares |
Rs.10/- each |
Rs. 35.693
Millions |
|
|
|
|
|
AS ON 02.09.2010
Authorised Capital :Rs. 40.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 37.493 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 |
35.693 |
35.693 |
35.693 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
373.140 |
308.939 |
248.946 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
408.833 |
344.632 |
284.639 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
902.864 |
625.890 |
583.476 |
|
|
2] Unsecured Loans |
0.000 |
27.450 |
16.251 |
|
|
TOTAL BORROWING |
902.864 |
653.340 |
599.727 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1311.697 |
997.972 |
884.366 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
29.556 |
9.838 |
11.861 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
7.046 |
|
|
Intangible Assets |
3.295 |
6.040 |
0.135 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
8.970 |
5.000 |
2.667 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
560.137
|
653.109
|
557.011 |
|
|
Sundry Debtors |
2300.137
|
1504.527
|
1486.258 |
|
|
Cash & Bank Balances |
60.262
|
10.461
|
13.459 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
50.642
|
94.367
|
45.394 |
|
Total
Current Assets |
2971.178
|
2262.464 |
2102.122 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1568.993
|
896.919 |
887.583 |
|
|
Other Current Liabilities |
126.382
|
384.131
|
335.741 |
|
|
Provisions |
5.927
|
4.320
|
16.141 |
|
Total
Current Liabilities |
1701.302
|
1285.370 |
1239.465 |
|
|
Net Current Assets |
1269.876
|
977.094
|
862.657 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1311.697 |
997.972 |
884.366 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8650.997 |
8137.136 |
6510.967 |
|
|
|
Other Income |
138.874 |
97.418 |
119.216 |
|
|
|
TOTAL (A) |
8789.871 |
8234.554 |
6630.183 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
8411.519 |
7855.830 |
6318.449 |
|
|
|
Personnel Costs |
67.441 |
60.758 |
52.807 |
|
|
|
Selling and marketing Expenses |
28.744 |
41.658 |
38.268 |
|
|
|
Administrative Expenses |
52.327 |
45.180 |
43.336 |
|
|
|
Amortization |
2.934 |
2.739 |
0.107 |
|
|
|
Prior Period Income (Expenses) |
0.169 |
0.000 |
(1.350) |
|
|
|
TOTAL (B) |
8563.134 |
8006.165 |
6451.617 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
226.737 |
228.389 |
178.566 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
123.783 |
131.625 |
81.561 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
102.954 |
96.764 |
97.005 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.723 |
2.604 |
4.963 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
100.231 |
94.160 |
92.042 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
36.030 |
34.168 |
34.887 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
64.201 |
59.992 |
57.155 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
170.409 |
110.417 |
53.262 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
234.610 |
170.409 |
110.417 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
39.971 |
57.942 |
NA |
|
|
|
Export Services |
10.651 |
0.000 |
NA |
|
|
TOTAL EARNINGS |
50.622 |
57.942 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase |
841.139 |
571.371 |
205.791 |
|
|
TOTAL IMPORTS |
841.139 |
571.371 |
205.791 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.99 |
16.81 |
16.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.73
|
0.73 |
0.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |