MIRA INFORM
REPORT
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Report Date : |
14.12.2011 |
IDENTIFICATION DETAILS
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Name : |
POWER TECHNICS INFOSOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
8/13, Erandwane, Sumitra Apartments, Opposite Ingale Hospital, Pune –
411004, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
15.10.2008 |
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Com. Reg. No.: |
11-132933 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U74900PN2008PTC132933 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP12814E |
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PAN No.: [Permanent Account No.] |
AAECP8467D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Authorized service provider for APC MGE’s entire range of products. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (47) |
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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 101000 |
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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 records.
The company is progressing 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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY (GENERAL DETAILS)
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Name : |
Ms. Sandhya |
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Designation : |
Accounts Department |
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Contact No.: |
91-20-25457846 |
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Date : |
13.12.2011 |
LOCATIONS
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Registered Office : |
8/13, Erandwane, Sumitra Apartments, Opposite Ingale Hospital, Pune –
411004, Maharashtra, India |
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Tel. No.: |
91-20-25457846 |
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Fax No.: |
91-20-25457847 |
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E-Mail : |
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Corporate Office : |
1 and 2, Sumitra Apartments, 8/13, Erandwar Nisarg Hotel Lane, Pune –
411004, Maharashtra, India |
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Branch Office : |
215, 6th Block, Nagrabhavi, 2nd Stage Outer Ring
Road, Bangalore – 560072, Karnataka, India |
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Tel. No.: |
91-80-23218549/ 39 |
DIRECTORS
As on 30.09.2011
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Name : |
Mr. Kailash Sriram Baheti |
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Designation : |
Director |
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Address : |
Flat No. 4, Sayali Blossom 75, Sanewadi, ITI Road, Aundh, Pune-411007,
Maharashtra, India |
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Date of Birth/Age : |
22.08.1966 |
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Date of Appointment : |
15.10.2008 |
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DIN No.: |
02232014 |
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Other Directorship :
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Name : |
Ms. Sangeeta Sriram Baheti |
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Designation : |
Director |
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Address : |
Flat No. 4, Sayali Blossom 75, Sanewadi, ITI Road, Aundh, Pune-411007,
Maharashtra, India |
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Date of Birth/Age : |
15.12.1970 |
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Date of Appointment : |
15.10.2008 |
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DIN No.: |
02197155 |
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KEY EXECUTIVES
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Name : |
Ms. Sandhya |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
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Names of Shareholders |
No. of Shares |
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Mr. Kailash Baheti |
500 |
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Mrs. Sangeeta Baheti |
500 |
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Total |
1000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
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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 : |
Authorized service provider for APC MGE’s entire range of products. |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
J G Jaju and Company Chartered Accountants |
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Address : |
364+365/1, Srirang House, J M Road, Shivaji Nagar, Punne – 411005,
Maharashtra, India |
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PAN.: |
ABAPJ9128R |
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Sister Concerns : |
KYP Power Source and Solutions Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000 |
Equity Shares |
Rs.100/-
each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
25.246 |
9.713 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
(0.012) |
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NETWORTH |
25.346 |
9.813 |
0.088 |
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LOAN FUNDS |
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1] Secured Loans |
9.537 |
9.140 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.082 |
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TOTAL BORROWING |
9.537 |
9.140 |
0.082 |
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DEFERRED TAX LIABILITIES |
0.702 |
1.388 |
0.000 |
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TOTAL |
35.585 |
20.341 |
0.170 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
14.974 |
11.358 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.605 |
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INVESTMENT |
26.130 |
16.850 |
0.000 |
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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 |
12.342
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12.573 |
0.000 |
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Sundry Debtors |
26.030
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13.133 |
0.000 |
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Cash & Bank Balances |
2.192
|
1.239 |
0.119 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
6.928
|
4.340 |
0.056 |
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Total
Current Assets |
47.492
|
31.285 |
0.175 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
25.448
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23.894 |
0.636 |
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Other Current Liabilities |
17.823
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10.446 |
0.000 |
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Provisions |
9.754
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4.834 |
0.003 |
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Total
Current Liabilities |
53.025
|
39.174 |
0.639 |
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Net Current Assets |
(5.533)
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(7.889) |
(0.464) |
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MISCELLANEOUS EXPENSES |
0.014 |
0.022 |
0.029 |
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TOTAL |
35.585 |
20.341 |
0.170 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
147.028 |
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Other Income |
0.000 |
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TOTAL (A) |
147.028 |
98.106 |
0.000 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
14.982 |
78.091 |
12.426 |
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Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
29.010 |
20.015 |
(12.426) |
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Less |
FINANCIAL
EXPENSES (D) |
1.126 |
0.854 |
0.000 |
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PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
27.884 |
19.161 |
(12.426) |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.005 |
5.004 |
0.000 |
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PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
20.879 |
14.157 |
(12.426) |
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Less |
TAX (H) |
6.167 |
9.726 |
0.000 |
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PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
14.712 |
4.431 |
(12.426) |
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Earnings/ (Loss)
Per Share (Rs.) |
14712.00 |
4431.00 |
(12426.00) |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
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PAT / Total Income |
(%) |
10.01
|
0.144 |
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
33.42
|
33.19 |
(7100.57) |
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Return on Investment (ROI) (PBT/Networth) |
|
0.82
|
1.44 |
141.20 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.46
|
4.92 |
8.19 |
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Current Ratio (Current Asset/Current Liability) |
|
0.89
|
0.79 |
0.27 |
LOCAL AGENCY FURTHER INFORMATION
Sundry Creditors
Details:
(Rs.
In Millions)
|
Particulars |
31.03.2011
|
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
25.448
|
23.894 |
0.636 |
REVIEW OF OPERATIONS
The
Company made the Turnover Rs.147.028 Millions, which includes other income of
Rs.0.000 Million on account of Dividend, interest etc. till the
end of the year. The Directors plans to make further expansion of the unit so
that to increase the ranges of the products of your company. It will improve
the performance during the year to come.
FORM 8
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Corporate
identity number of the company |
U74900PN2008PTC132933 |
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Name of the
company |
POWER TECHNICS
INFOSOLUTIONS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
8/13, Erandwane,
Sumitra Apartments,Opposite Ingale Hospital, Pune – 411004, Maharashtra,
India Email Id : tecserve@vsnl.com |
|
This form is for |
Creation
of charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) All tangible
movable property |
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Particular of
charge holder |
The Saraswat Co-operative Bank Limited, C-2, Kohinoor Estate
Co-operative Housing Society, Plot No. 12, Mula Road, Sangamwadi, Pune – 411003,
Maharashtra, India Email Id : amd_cs@rediffmail.com |
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Nature of
instrument creating charge |
Agreement of
hypothecation of movable property dated 11th august 2009 and recording letter
evedencing the deposition of original title deeds dated 11th august 2009. (both these
documents create a single charge) |
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Date of
instrument Creating the charge |
11.08.2009 |
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Amount secured by
the charge |
Rs.17.400
Millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest PLR less 1.50 %
p. a. = 11.50% p. a., with monthly rests or at such rates as may be
prescribed in future by the bank from time to time. present PLR IS 13.00% p.
a Terms of repayment Term loan to be
repaid within 36 months form the date of disbursement Margin 25% Extent and
operation of the charge Type of
facility:- Term Loan Others All other terms
and conditions as per the agreement |
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Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All the printers,
plant and machinery (present and future) and all the book debts, outstanding,
monies receivables, claims and bills and all the tangible movable property
(both present and future) belonging
to the borrower/s and lying and being at the place of business at 1 & 2,
Sumitra Apartment, 8/13, Erandwane, Off. Nal Stop, Pune 411004 and elsewhere
the same may be Flat or Apartment
No. 2 admeasuring 762.40 sq. ft. or 70.55. sq. mtrs. built up aera on the
Ground Floor of the building No. B Named Sumitra Apartments constructed on
all that piece or parcel of
land bearing CTS no. 8/13 Final Plot No. 6 at Village Erandavana, Tal -
Haveli, Dist – Pune Maharashtra, India |
FIXED ASSETS
- Printer
- Office Equipment
- Vehicle
- Computer and Laptops
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.53.40 |
|
|
1 |
Rs.83.32 |
|
Euro |
1 |
Rs.70.44 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
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--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.