MIRA
INFORM REPORT
|
Report Date : |
01.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
HCCA BUSINESS SERVICES PRIVATE LIMITED (w.e.f. 11.10.2004) |
|
|
|
|
Formerly Known
as: |
HCCA INFOWAVZ SERVICES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
4A, 4th Floor, Summerville, Junction of 14th and
33rd Road, Bandra (West), Mumbai – 400050, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
05.02.2004 |
|
|
|
|
Com. Reg. No.: |
144376 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.529 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2004PTC144376 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH09086A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Service
provider in the entire gamut of HR Operations and Administration. |
|
|
|
|
No. of Employees
: |
Not Available |
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 539376 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track
records. The company is doing well. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
4A, 4th Floor, Summerville, Junction of 14th and
33rd Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
|
Tel. No.: |
91-22-26050600 |
|
E-Mail : |
DIRECTORS
AS ON 10.08.2011
|
Name : |
Mr. Harish Avtarkrishna Chopra |
|
Designation : |
Director |
|
Address : |
21, Shiva 22, Turner, Road, Bandra West, Mumbai – 400050, Maharashtra,
India |
|
Date of Birth/Age : |
22.11.1955 |
|
Date of Appointment : |
11.10.2004 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U74999MH2004PTC144376 |
HCCA BUSINESS SERVICES
PRIVATE LIMITED |
Whole-time director |
12/08/2011 |
11/10/2004 |
- |
Active |
NO |
|
2 |
U74899DL2005PTC143856 |
INDIA OUTSOURCING PARTNERS
PRIVATE LIMITED |
Director |
20/12/2005 |
20/12/2005 |
- |
Active |
NO |
|
3 |
U93000MH2010PTC199310 |
People Puzzle Solutions
Private Limited |
Director |
23/01/2010 |
23/01/2010 |
- |
Active |
NO |
|
4 |
U74990MH2010PTC201819 |
FULCRUM PAYMENT SOLUTIONS
& SERVICES PRIVATE LIMITED |
Director |
07/04/2010 |
07/04/2010 |
- |
Active |
NO |
|
Name : |
Mr. Shivanand Rama Shettigar |
|
Designation : |
Director |
|
Address : |
14, Balambika CHS Limited, Chedda Nagar Chembur, Mumbai – 400089,
Maharashtra, Idnia |
|
Date of Birth/Age : |
13.03.1965 |
|
Date of Appointment : |
29.08.2007 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U74140KA1971PTC002038 |
DATACONS PRIVATE LIMITED |
Director |
19/07/2007 |
10/05/2006 |
- |
Amalgamated |
NO |
|
2 |
U72900MH2001PLC132441 |
3i Infotech Trusteeship
Services Limited |
Director |
30/09/2006 |
31/08/2006 |
- |
Active |
NO |
|
3 |
U74999DL1992PLC050683 |
AOK IN HOUSE BPO SERVICES
LIMITED |
Director |
28/05/2007 |
28/05/2007 |
- |
Active |
NO |
|
4 |
U74999DL2004PTC125334 |
AOK IN-HOUSE FACTORING
SERVICES PRIVATE LIMITED |
Director |
28/05/2007 |
28/05/2007 |
- |
Active |
NO |
|
5 |
U74140MH2002PTC193002 |
KNM SERVICES PRIVATE
LIMITED |
Director |
28/05/2007 |
28/05/2007 |
- |
Amalgamated |
NO |
|
6 |
U74999MH2004PTC144376 |
HCCA BUSINESS SERVICES
PRIVATE LIMITED |
Director |
29/08/2007 |
29/08/2007 |
12/08/2011 |
Active |
NO |
|
7 |
U74140KA2007PTC060369 |
Taxsmile.com India Private
Limited |
Nominee director |
10/09/2007 |
10/09/2007 |
30/12/2010 |
Active |
NO |
|
8 |
U72200TN2000PTC045956 |
J&B SOFTWARE INDIA
PRIVATE LIMITED |
Director |
25/07/2008 |
06/11/2007 |
- |
Active |
NO |
|
9 |
U72900MH2007PLC176323 |
3i Infotech Consultancy
Services Limited |
Director |
30/11/2007 |
30/11/2007 |
- |
Active |
NO |
|
10 |
U66000MH2008PLC179932 |
KENILWORTH INSURANCE
BROKING COMPANY LIMITED |
Director |
11/03/2008 |
11/03/2008 |
17/01/2009 |
Active |
NO |
|
11 |
U72200AP1999PLC032881 |
LOCUZ ENTERPRISE SOLUTIONS
LIMITED |
Director |
21/07/2008 |
02/06/2008 |
- |
Active |
NO |
|
12 |
U74220MH1999PTC123121 |
FINENG SOLUTIONS PRIVATE
LIMITED |
Director |
23/09/2008 |
09/06/2008 |
- |
Active |
NO |
|
13 |
U72900KA2008PLC060368 |
eMudhra Consumer Services
Limited |
Director |
28/08/2009 |
25/06/2008 |
30/12/2010 |
Active |
NO |
|
14 |
U74899MH1994PTC187229 |
E-ENABLE TECHNOLOGIES
PRIVATE LIMITED. |
Director |
29/09/2008 |
25/07/2008 |
- |
Amalgamated |
NO |
|
15 |
U64120MH1995PTC188884 |
STEX SOFTWARE PVT LTD |
Director |
29/09/2008 |
25/07/2008 |
- |
Amalgamated |
NO |
|
16 |
U74899DL1990PLC039478 |
3i Infotech BPO Limited |
Director |
27/07/2009 |
27/11/2008 |
- |
Active |
NO |
|
17 |
U72200TN2002PTC048799 |
PROFESSIONAL ACCESS
SOFTWARE DEVELOPMENT PRIVATE LIMITED |
|
|
|
|
|
|
|
Name : |
Mr. Lakshminarayanan Chakravarthy Sogathur |
|
Designation : |
Director |
|
Address : |
A-403, Plot No.13-14, Amrita Sadan, Nerul (West), Navi Mumbai –
400706, Maharashtra, India |
|
Date of Birth/Age : |
14.06.1974 |
|
Date of Appointment : |
10.08.2011 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72200AP1999PLC032881 |
LOCUZ ENTERPRISE SOLUTIONS
LIMITED |
Director |
21/07/2008 |
02/06/2008 |
- |
Active |
NO |
|
2 |
U74140MH2002PTC193002 |
KNM SERVICES PRIVATE
LIMITED |
Director |
28/07/2009 |
08/12/2008 |
- |
Amalgamated |
NO |
|
3 |
U66000MH2008PLC179932 |
KENILWORTH INSURANCE
BROKING COMPANY LIMITED |
Director |
28/07/2009 |
17/01/2009 |
31/03/2011 |
Active |
NO |
|
4 |
U72200TN2000PTC045956 |
J&B SOFTWARE INDIA
PRIVATE LIMITED |
Director |
15/09/2010 |
12/05/2010 |
- |
Active |
NO |
|
5 |
U74220MH1999PTC123121 |
FINENG SOLUTIONS PRIVATE
LIMITED |
Director |
22/07/2010 |
10/06/2010 |
- |
Active |
NO |
|
6 |
U74899MH1994PTC187229 |
E-ENABLE TECHNOLOGIES
PRIVATE LIMITED. |
Additional director |
21/10/2010 |
21/10/2010 |
- |
Amalgamated |
NO |
|
7 |
U67120MH1992PTC065018 |
DELTA SERVICES (INDIA)
PRIVATE LIMITED |
Additional director |
21/10/2010 |
21/10/2010 |
- |
Amalgamated |
NO |
|
8 |
U64120MH1995PTC188884 |
STEX SOFTWARE PVT LTD |
Additional director |
21/10/2010 |
21/10/2010 |
- |
Amalgamated |
NO |
|
9 |
U72200MH2007PTC195863 |
Manipal Informatics Private
Limited |
Additional director |
21/10/2010 |
21/10/2010 |
- |
Amalgamated |
NO |
|
10 |
U72900MH2007PLC176323 |
3i Infotech Consultancy
Services Limited |
Director |
28/06/2011 |
21/10/2010 |
- |
Active |
NO |
|
11 |
U74999DL2004PTC125334 |
AOK IN-HOUSE FACTORING
SERVICES PRIVATE LIMITED |
Director |
25/07/2011 |
21/10/2010 |
- |
Active |
NO |
|
12 |
U74899DL1990PLC039478 |
3i Infotech BPO Limited |
Director |
25/07/2011 |
21/10/2010 |
- |
Active |
NO |
|
13 |
U74999DL1992PLC050683 |
AOK IN HOUSE BPO SERVICES
LIMITED |
Director |
25/07/2011 |
21/10/2010 |
- |
Active |
NO |
|
14 |
U74999MH2004PTC144376 |
HCCA BUSINESS SERVICES
PRIVATE LIMITED |
Director |
10/08/2011 |
21/10/2010 |
12/08/2011 |
Active |
NO |
|
15 |
U72900MH2001PLC132441 |
3i Infotech Trusteeship
Services Limited |
Director |
22/07/2011 |
30/12/2010 |
- |
Active |
NO |
|
16 |
U74999MH2011FLC215259 |
3i Infotech Outsourcing
Services Limited |
Director |
24/03/2011 |
24/03/2011 |
- |
Active |
NO |
|
Name : |
Mr. Anirudh Prabhakaran |
|
Designation : |
Director |
|
Address : |
306, Phase II Palm Meadows Airport Whitefield Rama Gondana Halli,
Bangalore – 560066, Karnataka, India |
|
Date of Birth/Age : |
11.05.1965 |
|
Date of Appointment : |
14.07.2008 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U67120MH1992PTC065018 |
DELTA SERVICES (INDIA)
PRIVATE LIMITED |
Director |
25/07/2007 |
28/07/2006 |
02/11/2010 |
Amalgamated |
NO |
|
2 |
U64120MH1995PTC188884 |
STEX SOFTWARE PVT LTD |
Director |
19/07/2007 |
07/11/2006 |
02/11/2010 |
Amalgamated |
NO |
|
3 |
U74899MH1994PTC187229 |
E-ENABLE TECHNOLOGIES
PRIVATE LIMITED. |
Director |
20/11/2006 |
20/11/2006 |
02/11/2010 |
Amalgamated |
NO |
|
4 |
U74140KA2007PTC060369 |
Taxsmile.com India Private
Limited |
Nominee director |
10/09/2007 |
10/09/2007 |
19/07/2008 |
Active |
NO |
|
5 |
U72900MH2007PLC176323 |
3i Infotech Consultancy
Services Limited |
Director |
30/11/2007 |
30/11/2007 |
02/11/2010 |
Active |
NO |
|
6 |
U66000MH2008PLC179932 |
KENILWORTH INSURANCE
BROKING COMPANY LIMITED |
Director |
11/03/2008 |
11/03/2008 |
02/11/2010 |
Active |
NO |
|
7 |
L67120MH1993PLC074411 |
3i Infotech Limited |
Director |
25/07/2008 |
25/04/2008 |
02/11/2010 |
Active |
NO |
|
8 |
U72200AP1999PLC032881 |
LOCUZ ENTERPRISE SOLUTIONS
LIMITED |
Director |
21/07/2008 |
02/06/2008 |
02/11/2010 |
Active |
NO |
|
9 |
U74999MH2004PTC144376 |
HCCA BUSINESS SERVICES
PRIVATE LIMITED |
Director |
29/07/2009 |
14/07/2008 |
02/11/2010 |
Active |
NO |
|
10 |
U72200MH2007PTC195863 |
Manipal Informatics
Private Limited |
Director |
19/07/2008 |
19/07/2008 |
02/11/2010 |
Amalgamated |
NO |
|
11 |
U74999DL2004PTC125334 |
AOK IN-HOUSE FACTORING
SERVICES PRIVATE LIMITED |
Additional director |
19/07/2008 |
19/07/2008 |
02/11/2010 |
Active |
NO |
|
12 |
U74999DL1992PLC050683 |
AOK IN HOUSE BPO SERVICES
LIMITED |
Additional director |
19/07/2008 |
19/07/2008 |
02/11/2010 |
Active |
NO |
|
13 |
U74899DL1990PLC039478 |
3i Infotech BPO Limited |
Director |
29/08/2008 |
19/07/2008 |
02/11/2010 |
Active |
NO |
|
Name : |
Mr. Parag Ashok Patankar
|
|
Designation : |
Director |
|
Address : |
D-22, Santacruz Rameshwar Co-op Society, S V Road, Santacruz, Mumbai –
400054, Maharashtra, India |
|
Date of Birth/Age : |
19.02.1968 |
|
Date of Appointment : |
09.11.2009 |
|
Date of Ceasing : |
30.09.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U65910MH1999PTC123299 |
ALC India Private Limited |
Director |
18/09/2002 |
18/09/2002 |
09/01/2007 |
Active |
NO |
|
2 |
U67200MH2003PTC142405 |
APNA LIFESECURE AGENCY
PRIVATE LIMITED |
Director |
26/09/2003 |
26/09/2003 |
09/01/2007 |
Active |
NO |
|
3 |
U74899DL1990PLC039478 |
3i Infotech BPO Limited |
Managing director |
09/11/2009 |
09/11/2009 |
- |
Active |
NO |
|
4 |
U74999DL2004PTC125334 |
AOK IN-HOUSE FACTORING
SERVICES PRIVATE LIMITED |
Director |
12/08/2010 |
09/11/2009 |
- |
Active |
NO |
|
5 |
U74999DL1992PLC050683 |
AOK IN HOUSE BPO SERVICES
LIMITED |
Director |
26/08/2010 |
09/11/2009 |
- |
Active |
NO |
|
6 |
U74999MH2004PTC144376 |
HCCA BUSINESS SERVICES
PRIVATE LIMITED |
Director |
06/07/2010 |
09/11/2009 |
30/09/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
3i Infotech Limited |
|
52926 |
|
3i Infotech Limited and Amar Chintopanth |
|
1 |
|
3i Infotech Limited and Shivanand Rama Shettigar |
|
1 |
|
3i Infotech Limited and L N Rajan |
|
1 |
|
3i Infotech Limited and Ninad Kelkar |
|
1 |
|
3i Infotech Limited and Asmita Banait |
|
1 |
|
3i Infotech Limited and Lakshminarayanan Chakravarthy Sogathur |
|
1 |
|
Total |
|
52932 |
AS ON 10.08.2011
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service
provider in the entire gamut of HR Operations and Administration. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Financial Institutions: |
Development Credit Bank Limited, 301, Trade Plaza, 414, Veer Savarkar Marg,
Prabhadevi,, Mumbai - 400025, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SEKB Associates Chartered Accountant |
|
Address : |
602, C Wing, Suraj Heights, Wallbhat Road, Near Sharma Industrial
Estate, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
|
|
|
Holding Company : (AS ON 31.03.2010) |
3i Infotech BPO Limited CIN No.:
U74899DL1990PLC039478 |
|
|
|
|
Ultimate Holding Company: (AS ON 31.03.2010) |
3i Infotech Limited |
|
|
|
|
Fellow Subsidiaries Company: (AS ON 31.03.2010) |
·
3i Infotech Consultancy Services Limited ·
3i Infotech Consumer Services Limited ·
3i Infotech Trusteeship Services Limited ·
Aok Inhouse BPO Services Limited ·
Aok Inhouse Factoring Services Private Limited ·
Taxsmile.com India Private Limited ·
Delta Services (India) Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2010
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 |
|
52932 |
Equity Shares |
Rs.10/- each |
Rs.0.529
Million |
|
|
|
|
|
(Of the above
52932 (P Y 26996) Equity Shares are held by Holding Company 3i Infotech BPO Limited
(P Y 3i Infotech Limited))
(Of the above
29536 shares were issued as fully paid bonus shares by capitalization of
Security Premium)
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.529 |
0.529 |
0.529 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
134.315 |
110.778 |
84.207 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
134.844 |
111.307 |
84.736 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.028 |
4.051 |
0.395 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.028 |
4.051 |
0.395 |
|
|
DEFERRED TAX LIABILITIES |
3.188 |
5.106 |
2.264 |
|
|
|
|
|
|
|
|
TOTAL |
138.060 |
120.464 |
87.395 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
44.430 |
49.653 |
53.715 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
66.361
|
54.507 |
49.127 |
|
|
Cash & Bank Balances |
36.235
|
10.585 |
17.912 |
|
|
Other Current Assets |
0.0000
|
0.000 |
0.000 |
|
|
Loans & Advances |
93.522
|
77.887 |
41.593 |
|
Total
Current Assets |
196.118
|
142.979 |
108.632 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
34.439
|
33.340 |
46.431 |
|
|
Other Current Liabilities |
27.990
|
11.872 |
12.465 |
|
|
Provisions |
40.059
|
26.956 |
16.056 |
|
Total
Current Liabilities |
102.488
|
72.168 |
74.952 |
|
|
Net Current Assets |
93.630
|
70.811 |
33.680 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
138.060 |
120.464 |
87.395 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Service Fees |
|
225.194 |
208.894 |
|
|
|
Other Income |
267.797 |
0.602 |
0.040 |
|
|
|
TOTAL (A) |
267.797 |
225.796 |
208.934 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating and Other Expenses |
|
63.743 |
72.604 |
|
|
|
Personal Expenses |
|
117.003 |
96.271 |
|
|
|
Bad Debts W/off |
NA |
0.276 |
0.333 |
|
|
|
Provision for Bad and Doubtful debts |
|
(3.567) |
1.887 |
|
|
|
TOTAL (B) |
NA |
177.455 |
171.095 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
48.341 |
37.839 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
48.341 |
37.839 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
NA |
8.025 |
4.835 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
40.316 |
33.004 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
NA |
13.745 |
11.624 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
23.536 |
26.571 |
21.380 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
33.421 |
12.041 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
59.992 |
33.421 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
501.99 |
403.91 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.78
|
11.77 |
10.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
17.90 |
15.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
18.74 |
20.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.36 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.76
|
0.68 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.91
|
1.98 |
1.45 |
LOCAL AGENCY FURTHER INFORMATION
Review of Operations:-
During the year, the Company has earned a total
revenue of Rs.267.797 Millions. The net profit for the year review has been
Rs.23.536 Millions as against Rs.26.571 Millions during the previous financial
year. The directors are continuously looking forward to avenues for future
growth of the Company.
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] 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.52.16 |
|
|
1 |
Rs.81.29 |
|
Euro |
1 |
Rs.69.47 |
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 |
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 |
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.