MIRA
INFORM REPORT
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Report Date : |
30.12.2011 |
IDENTIFICATION DETAILS
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Name : |
SUNFIRE TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
B – 4, Pinnac Memories, Kothrud, Pune – 411029, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
30.07.2007 |
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Com. Reg. No.: |
11-130507 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U72200PN2007PTC130507 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNES21522E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer of Computer and Computer Peripherals, they also provide
networking solutions to Corporates. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 18000 |
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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. 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Sanjay Kulkarni |
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Designation : |
Director |
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Contact No.: |
91-9822091197 |
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Date : |
28.12.2011 |
LOCATIONS
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Registered Office : |
B – 4, Pinnac Memories, Kothrud, Pune – 411029, Maharashtra, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9822091197 (Mr. Sanjay Kulkarni) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
950 sq ft |
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Location : |
Owned |
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Corporate Office : |
67/ 2, Row House No.5, Bhujbal Township, Near Eklavya College,
Kothrud, Pune - 411038, Maharashtra, India |
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Tel. No.: |
91-20-25360661/66 |
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Fax No.: |
91-20-25360666 |
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Warehouse : |
House No.137, Manzaji Road, Auhalwadi Near Maruti Mandir, Wagholi,
Pune – 412307, Maharashtra, India |
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Area : |
350 sq ft |
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Marketing Division: |
6, Mayur Complex, Kothrud, Pune- 411029, Maharashtra,
India |
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Tel. No.: |
91-20-30482810 |
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Fax No.: |
91-20-30482813 |
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E-Mail : |
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Service Division: |
3, Borse Building, Above Kothrud Post Office, Kothrud, Pune- 411029, Maharashtra, India |
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Tel. No.: |
91-20-30482816 |
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E-Mail : |
DIRECTORS
As on 27.09.2011
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Name : |
Ms. Smita Sanjay Kulakarni |
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Designation : |
Director |
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Address : |
B – 4, Pinnac Memories, Kothrud, Pune – 411029, Maharashtra, India |
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Date of Birth/Age : |
13.08.1964 |
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Date of Appointment : |
30.07.2007 |
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DIN No.: |
01443879 |
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Name : |
Mr. Sanjay Vishnu Kulkarni |
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Designation : |
Director |
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Address : |
B – 4, Pinnac Memories, Kothrud, Pune – 411029, Maharashtra, India |
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Date of Birth/Age : |
25.08.1962 |
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Date of Appointment : |
30.07.2007 |
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DIN No.: |
01625644 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2011
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Names of Shareholders |
No. of Shares |
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Sanjay Vishnu Kulkarni |
500 |
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Smita Sanjay Kulakarni |
500 |
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Total |
1000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2011
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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 : |
Dealer of Computer and Computer Peripherals, they also provide
networking solutions to Corporates. |
GENERAL INFORMATION
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Suppliers : |
·
Avnet Technology Solutions (India) Private
Limited ·
Cache Technologies Private Limited ·
Comprint Computer ·
Data Care Corporation ·
Flair Network Systems ·
Hcl Infosystems Limited ·
Infoworld Systems ·
Ingram Micro India Limited ·
Lds Infotech Private Limited ·
Logix Infosecurity Private Limited ·
Max Infosolutions ·
Network Techlab(India) Private Limited ·
Openview Technologies Private Limited ·
Pc Infotech Solutions ·
Rashi Peripherals Private Limited - Pune ·
Redington (India) Limited ·
Rx Infotech Private Limited ·
Savex Computer Limited ·
Smeeta Connectronics ·
Softrack Services ·
S Tech Computers |
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Customers : |
·
Accurate Engineering Company Private Limited ·
Paysquare Consultancy Limited ·
Ameya Software ·
Trident Service Private Limited ·
Racold Thermo Limited ·
Bajaj Allianz Genral Insurance Company Limited ·
Lenze Mechatronics Private Limited ·
D B Power Electronics (Private) Limited ·
Kotak Mahindra Bank Limited ·
Laxmi Hydraulics Private Limited |
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No. of Employees : |
Not Available |
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Bankers : |
·
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan,
227, D, Nariman Point, Mumbai – 400021, Maharashtra, India ·
Cosmos Co-Operative Bank Limited ·
Standard Chartered Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
P. B. Shah Chartered Accountants |
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Address : |
Priyadarshani, 725/ 26, Bhudhwar Peth, Pune – 411002, Maharashtra,
India |
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Tel. No.: |
91-20-24455200, 24456200 ® 24264633 |
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Mobile No.: |
91-9822022860 |
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E-Mail : |
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PAN.: |
ANXPS6040E |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised 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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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 |
4.545 |
0.544 |
2.657 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4.645 |
0.644 |
2.757 |
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LOAN FUNDS |
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1] Secured Loans |
10.073 |
1.187 |
0.581 |
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2] Unsecured Loans |
1.200 |
0.000 |
1.722 |
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TOTAL BORROWING |
11.273 |
1.187 |
2.303 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
15.918 |
1.831 |
5.060 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.187 |
0.069 |
0.061 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
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 |
1.650
|
2.999 |
2.000 |
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Sundry Debtors |
13.971
|
4.861 |
8.580 |
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Cash & Bank Balances |
6.657
|
2.494 |
0.480 |
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Other Current Assets |
0.275
|
0.455 |
0.231 |
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Loans & Advances |
5.806
|
2.375 |
4.255 |
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Total
Current Assets |
28.359
|
13.184 |
15.546 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
10.150
|
4.751 |
4.570 |
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Other Current Liabilities |
0.304
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4.794 |
0.481 |
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Provisions |
2.184
|
1.888 |
5.509 |
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Total
Current Liabilities |
12.638
|
11.433 |
10.560 |
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Net Current Assets |
15.721
|
1.751 |
4.986 |
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MISCELLANEOUS EXPENSES |
0.010 |
0.011 |
0.013 |
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TOTAL |
15.918 |
1.831 |
5.060 |
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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 |
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Other Income |
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TOTAL |
103.485 |
58.417 |
92.745 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
101.493 |
57.504 |
88.983 |
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Advertising Expenses |
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Financial Expenses |
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TOTAL |
101.493 |
57.504 |
88.983 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.992 |
0.913 |
3.762 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.009 |
0.006 |
0.002 |
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Less |
MISCELLANEOUS
EXPENDITURE |
0.002 |
0.002 |
0.002 |
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PROFIT BEFORE
TAX |
1.981 |
0.905 |
3.758 |
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Less |
TAX |
0.608 |
0.279 |
1.161 |
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PROFIT AFTER TAX
|
1.373 |
0.626 |
2.597 |
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Earnings Per
Share (Rs.) |
1.37 |
0.63 |
2.60 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.33
|
1.07 |
4.05 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
6.94
|
6.83 |
24.07 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.43
|
1.41 |
1.36 |
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Debt Equity Ratio (Total Liability/Networth) |
|
5.15
|
19.59 |
4.67 |
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Current Ratio (Current Asset/Current Liability) |
|
2.24
|
1.15 |
1.47 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
10.150 |
4.751 |
4.570 |
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Total |
10.150 |
4.751 |
4.570 |
FORM 8
|
Corporate identity
number of the company |
U72200PN2007PTC130507 |
|
Name of the
company |
SUNFIRE
TECHNOLOGIES PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
B - 4, Pinnac
Memories, Kothrud, Pune – 411029, Maharashtra, India Email Id : koolkarni.sanjay@gmail.com |
|
This form is for |
Creation
of charge |
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Type of charge |
Book debts Movable property
(not being pledge) Current assets |
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Particular of
charge holder |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman
Point, Mumbai – 400021, Maharashtra, India Email Id : john.fernandes@kotak.com |
|
Nature of instrument
creating charge |
Deed of
Hypothecation |
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Date of
instrument Creating the charge |
01.02.2011 |
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Amount secured by
the charge |
Rs.10.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest SBD - Floating
over the tenure of the facility. The rate of discounting has been arrived at
on the basis of the Bank's Transfer Pricing Terms of
repayment As may be
specified by the Bank from time to time Margin SBD - 20% Extent and operation
of the charge First and
exclusive charge by way of Hypothecation of Current assets present and future
of the Borrower, in favour of Kotak Mahindra bank as security for repayment
of financial facilities granted by the Bank to the Borrower |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The whole of
Borrower's Current assets both present and future as described in Schedule to
the Deed of Hypothecation |
FIXED ASSETS
·
Furniture And Fixture
·
E. P. A. B. X. Systems
·
Telecalling System
·
Office Ups
·
Voltas W/D Mm Super 3
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.53.36 |
|
|
1 |
Rs.82.51 |
|
Euro |
1 |
Rs.68.99 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
|
|
|
--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 |
|
45 |
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.