MIRA
INFORM REPORT
|
Report Date : |
24.02.2011 |
IDENTIFICATION DETAILS
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Name : |
TRANSLINE TECHNOLOGIES PRIVATE LIMITED (w.e.f 04.10.2010) |
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Formerly Known
As : |
TRANSLINE INDIA BUSINESS SOLUTION
PRIVATE LIMITED |
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Registered
Office : |
23-A, Shivaji Marg Third Floor, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
02.02.2011 |
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Com. Reg. No.: |
55-109496 |
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CIN No.: [Company Identification
No.] |
U72900DL2001PTC109496 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELT03386F |
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PAN No.: [Permanent Account No.] |
AABCT3687J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Computer Parts |
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 420000 |
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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. 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) |
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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
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Name : |
Mr. Manish |
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Designation : |
Accounts Department |
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Date : |
23.02.2011 |
LOCATIONS
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Registered Office : |
23-A, Shivaji Marg Third Floor, |
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Tel. No.: |
91-11-25928314 |
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E-Mail : |
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Website : |
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Area : |
1700 sq.ft |
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Location : |
Owned |
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Corporate Office : |
D-91/7, Okhla Phase – 1, |
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Tel. No.: |
91-11-46524700 (20 Lines) |
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Fax No.: |
91-11-46524718 |
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Area : |
5400 sq.ft |
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Location : |
Owned |
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Regional Offices : |
Located at:
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DIRECTORS
As On 30.09.2010
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Name : |
Mrs. Amita Gupta |
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Designation : |
Director |
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Address : |
W-43A, 3rd Floor, GK_II, |
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Date of Birth/Age : |
11.01.1975 |
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Date of Appointment : |
02.02.2001 |
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DIN No. : |
00216714 |
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Name : |
Mr. Arun Gupta |
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Designation : |
Director |
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Address : |
W-43A, 3rd Floor, GK_II, |
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Date of Birth/Age : |
05.10.1974 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
02.02.2001 |
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DIN No. : |
00217119 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2010
|
Names of Shareholders |
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No. of Shares |
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Arun Gupta |
|
363500 |
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Arun Gupta (HUF) |
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110000 |
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Amita Gupta |
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620600 |
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Chandrakala Goyal |
|
1000 |
|
RKG Enterprises Private Limited – |
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930000 |
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Total |
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2025100 |
As On 30.09.2010
|
Category |
Percentage |
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Bodies corporate |
45.92 |
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Directors or relatives of Directors |
54.08 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Computer Parts |
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Agencies Held : |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
50 ( approximately) [In Office] |
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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 : |
Suresh and Associates Chartered Accountant |
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Address : |
3A, |
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Tel. No.: |
91-11-27356916/27356917/47047486 |
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E-Mail : |
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Pan No.: |
AASFS5716D |
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Sister Concern : |
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CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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2025100 |
Equity Shares |
Rs. 10/- each |
Rs. 20.251
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
20.251 |
18.251 |
12.175 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
85.713 |
69.417 |
31.123 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
105.964 |
87.668 |
43.298 |
|
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LOAN FUNDS |
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1] Secured Loans |
76.619 |
79.332 |
57.816 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
76.619 |
79.332 |
57.816 |
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DEFERRED TAX LIABILITIES |
3.103 |
2.097 |
1.721 |
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TOTAL |
185.686 |
169.097 |
102.835 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
40.352 |
30.669 |
25.930 |
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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 |
89.059
|
48.583 |
110.048 |
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Sundry Debtors |
90.808
|
132.083 |
82.302 |
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Cash & Bank Balances |
2.214
|
0.523 |
1.464 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
39.996
|
37.855 |
12.072 |
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Total
Current Assets |
222.077
|
219.044 |
205.886 |
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|
Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
69.479
|
72.983 |
123.327 |
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Other Current Liabilities |
0.000
|
0.000 |
0.000 |
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Provisions |
7.340
|
7.747 |
5.807 |
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Total
Current Liabilities |
76.819
|
80.730 |
129.134 |
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Net Current Assets |
145.258
|
138.314 |
76.752 |
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MISCELLANEOUS EXPENSES |
0.076 |
0.114 |
0.152 |
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TOTAL |
185.686 |
169.097 |
102.835 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
|
818.945 |
750.161 |
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Other Income |
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NA |
NA |
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TOTAL |
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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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Interest |
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NA |
NA |
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Depreciation |
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TOTAL |
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PROFIT BEFORE
TAX |
|
12.328 |
10.567 |
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Less |
TAX |
|
11.322 |
10.943 |
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PROFIT AFTER TAX
|
|
1.006 |
(0.376) |
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EARNINGS IN FOREIGN
CURRENCY |
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Export Earnings |
|
0.895 |
NA |
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TOTAL EARNINGS |
|
0.895 |
NA |
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IMPORTS |
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Raw Materials |
|
0.953 |
18.485 |
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TOTAL IMPORTS |
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Earnings Per Share
(Rs.) |
|
6.33 |
5.79 |
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Expected Sales (2010-2011) : Rs. 1000.000 Millions
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
1.51
|
1.41 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
4.70
|
4.23 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.12 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.45
|
1.83 |
4.32 |
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Current Ratio (Current Asset/Current Liability) |
|
2.89
|
2.71 |
1.59 |
LOCAL AGENCY FURTHER INFORMATION
The Details of
Sundry Creditors
Rs.
In Millions
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors |
69.479
|
72.983 |
123.327 |
Financial Results:
During the year the company earned an income of Rs. 818.945 millions as
against an income of Rs. 750.161 millions in the previous year. The profit for the
was Rs. 1.006 millions as against a loss of Rs. 0.376 millions in the previous
year. With its sincere efforts the company is hopeful to perform much better in
the coming years.
Trade References:
- Ingram Micro
(
Form 8:
|
This form is for |
Modification of
charge |
||||||
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Charge
identification number of the modified |
10085609 |
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Corporate
identity number of the company |
U72900DL2001PTC109496 |
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Name of the
company |
TRANS LINE INDIA
BUSINESS SOLUTION PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
23-A Shivaji
Margthird Floor, |
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Type of charge |
Book Debts Movable Property Immovable
property Current assets of
the company |
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Particular of
charge holder |
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Nature of description
of the instrument creating or modifying the charge |
Sme-1 Letter Of
Arrangement. Sme-4
Supplemental Agreement Of Loan-Cum-Hypothecation. |
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Date of
instrument Creating the charge |
29.09.2008 |
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Amount secured by
the charge |
Rs. 125.000 Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
- Working Capital: Rate Of Interest At 2.00% Above (Sbar) (Sbar 13.75% W.E.F.
12.08.2008) With A Minimum Of 15.75% P.A. Rising Or Falling Therewith, On
Daily Products With Monthly Rests. Present Effective Rate 15.75% P.A. Terms of
Repayment - Repayble On Demand. The Facility Has Been Sanctioned On
19.09.2008 Is Available For 12 Months From That Date, Subject To Review Every
12 Months. Margin - Fund
Based Limits: - Raw Materials (Imported), Raw Materials
(Indigenous), Semi Finished Goods, Finished Goods And Components/
Consumables/ Spares- 25%. Domestic
Receivables (Cover Period 90 Days)- 40%. Non-Fund Based
Limits: - Letter Of Credit
and Bank Guarantee- 20% Extent and
Operation of the charge – 100% |
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Short particulars
of the property charged |
Primary Security:
Hypothecation Of Stocks Including Goods In Transit, Book Debts/Receivable And
Other Current Assets Of The Company. Collateral
Security: - Equitable Mortgage Of Property: I). Commercial
Building Measuring 1710 Sq. Ft At 3rd Floor At 23a, Shivaji Marg, New Delhi-
110015 In The Name Of Smt. Amita Gupta. Ii). |
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Particulars of
the present modification |
Limit Increased
From Rs. 60.000 millions To Rs. 125.000 millions Other Terms And
Conditions As Per Agreement. |
Fixed Assets:
- Computers
- Office equipments
- Electrical equipment
- Furniture and fixture
- Printers
- Air conditioners
- Vehicles
- Mobiles phone
AS PER WEBSITE DETAILS
BRIEF HISTORY
Subject formerly known as Transline India Business Solution Private Limited
(TIBS) is a company of
the Transline Group. There evolution took place in the year 2001. They had
started as a Software Development company, developing softwares for Transport
companies.
In the year 2003 they
added IT Hardware to there product portfolio. Within a short period of
existence they became the HP Premier
Business Partner and
became one of the IT leaders in
TTPL has been recognized as the need for holding the string of basic concepts of survival, especially in the field of highly sophisticated technical subjects like IT solutions and office automation. TTPL believes and adopts the policy of perfect quality installations and prompts after the sales services through a team of competent, experienced and qualified engineers.
With the
determination of providing quality IT services, they are already providing
these to various globally-valued and renowned customers from the Telecom
Industry, Automobile Industry, Call Centre/BPO Industry, Hospitality Industry,
Power Industry, Manufacturing Units, Builders, Designers, Service Providers,
etc. for their IT setup and services. Starting from networking to supply and
installations of desktops, servers, laptops and other computer accessories,
they are into Annual Maintenance Contracts and Facility Management Services
also.
Today they are
providing end-to-end IT Solutions to there valued customers.
MANAGEMENT TEAM
ARUN GUPTA - CEO AND MANAGING DIRECTOR
Mr.Arun Gupta is an
IT service business strategist with a career spanning over last 7 years in this
industry. He is an entrepreneur with extensive work experience in the area of
customer acquisition, service delivery, and human resource management. With his
Master's degree in Marketing and diploma in IT, he is a true combination of
that next generation of CEOs. He has brought Transline to the current level
with his true dedication and hard work.
AMITA
GUPTA - CO-FOUNDER AND DIRECTOR
Mrs. Amita with her
bachelors' degree in commerce joined hands in laying the foundation of
Transline. As Director-People Excellence, she drives initiatives to help the
Transline team deliver the best. She also ensures that the administration of
the company runs smoothly and effectively.
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.45.20 |
|
|
1 |
Rs.73.17 |
|
Euro |
1 |
Rs.61.88 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--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.