1. Summary Information
|
|
|
Country |
|
|
Company Name |
SA INFOSYS PRIVATE LIMITED |
Principal Name 1 |
Mr. Deepak Kumar Poddar |
|
Status |
Moderate |
Principal Name 2 |
Mr. Avishek Kumar Poddar |
|
|
|
Registration # |
21-125545 |
|
Street Address |
15, |
||
|
Established Date |
09.05.2008 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Branded Computers |
|
# of employees |
-- |
Product Name 2 |
Software Development |
|
Paid up capital |
Rs.940,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors- 100.00% |
Banking |
-- |
|
Public Limited Corp. |
No |
Business Period |
3 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
8,430,000 |
Current Liabilities |
21,000 |
|
Inventories |
000 |
Long-term Liabilities |
100,000 |
|
Fixed Assets |
000 |
Other Liabilities |
000 |
|
Deferred Assets |
000 |
Total Liabilities |
121,000 |
|
Invest& other Assets |
139,000 |
Retained Earnings |
7,560,000 |
|
|
|
Net Worth |
8,448,000 |
|
Total Assets |
8,569,000 |
Total Liab. & Equity |
8,569,000 |
|
Total Assets (Previous Year) |
210,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
(47,000) |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
04.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SA INFOSYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
09.05.2008 |
|
|
|
|
Com. Reg. No.: |
21-125545 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.940 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900WB2008PTC125545 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS21216G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Branded Computers and Software Development for any
Business, Education, Entertainment or any other application for clients. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 33000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having moderate track. There appears some
accumulated losses being recorded by the company. However trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office/ Factory : |
15, |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Deepak Kumar Poddar |
|
Designation : |
Director |
|
Address : |
N 1/87, Nayapalli, Bhubaneshwar, Khudra – 751015, |
|
Date of Birth/Age : |
06.01.1970 |
|
Date of Appointment : |
09.05.2008 |
|
|
|
|
Name : |
Mr. Avishek Kumar Poddar |
|
Designation : |
Director |
|
Address : |
N 1/87, Nayapalli, Bhubaneshwar, Khudra – 751015, |
|
Date of Birth/Age : |
04.05.1974 |
|
Date of Appointment : |
09.05.2008 |
|
|
|
|
Name : |
Mrs. Shakuntala Poddar |
|
Designation : |
Director |
|
Address : |
N 1/87, Nayapalli, Bhubaneshwar, Khudra – 751015, |
|
Date of Birth/Age : |
05.02.1952 |
|
Date of Appointment : |
09.05.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Deepak Kumar Poddar |
|
2500 |
|
Avishek Kumar Poddar |
|
2500 |
|
Shakuntala Poddar |
|
2500 |
|
Karishma Poddar |
|
2500 |
|
VSG Leasing and Finance Company Limited, |
|
10000 |
|
Prabhunandan Finance Private Limited, |
|
10000 |
|
Kanhiaya Jewellers Private Limited, |
|
10000 |
|
JDM Udyog Private Limited, |
|
5000 |
|
Dynamic Storage and System Private Limited |
|
10000 |
|
Fortune Multicon Private Limited, |
|
10000 |
|
Millennium Vinmay Private Limited, |
|
10000 |
|
Abhinandan Distributors Private Limited, |
|
7000 |
|
Ayush Vinmay Private Limited, |
|
7000 |
|
Alakh Niranjan |
|
5000 |
|
|
|
|
|
Total |
|
94000 |
As on 21.12.2010
List of Allottee:
|
Names of Shareholders |
|
No. of Shares |
|
Deepak Kumar Poddar |
|
97500 |
|
Abhishek Kumar Poddar |
|
197500 |
|
Karishma Poddar |
|
147500 |
|
P.L Poddar |
|
90000 |
|
Shakuntala Poddar |
|
50000 |
|
|
|
|
|
Total |
|
582500 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
84.04 |
|
Directors
or relatives of directors |
|
10.64 |
|
Other
top fifty shareholders |
|
5.32 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Branded Computers and Software Development for any
Business, Education, Entertainment or any other application for clients. |
GENERAL INFORMATION
|
Bankers : |
HDFC Bank
Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai-400013,
|
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
KKS and Company Chartered Accountant |
|
Address : |
14/3, Chattawalla Gully, Kolkata-700012, West |
|
Tel. No.: |
91-33-39850015/39850016 |
|
E-Mail : |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
94000 |
Equity Shares |
Rs.10/- each |
Rs.0.940
Million |
After 30.09.2010
Authorised Capital : Rs.10.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.7.265
Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.940 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
7.560 |
0.000 |
|
|
4] (Accumulated Losses) |
|
(0.052) |
(0.005) |
|
|
NETWORTH |
|
8.448 |
0.095 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.100 |
0.100 |
|
|
TOTAL BORROWING |
|
0.100 |
0.100 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
8.548 |
0.195 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.000 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.035 |
0.036 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
8.395 |
0.000 |
|
Total
Current Assets |
|
8.430 |
0.036 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
0.021 |
0.015 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.021 |
0.015 |
|
|
Net Current Assets |
|
8.409 |
0.021 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.139 |
0.174 |
|
|
|
|
|
|
|
|
TOTAL |
|
8.548 |
0.195 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
(0.047) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
(0.005) |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
(0.052) |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
(0.50) |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.01 |
1.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
401.43 |
2.40 |
LOCAL AGENCY FURTHER INFORMATION
PERFORMACE AND FUTURE
PROSPECTS
Loss during the year was Rs.0.047 millions as compared to loss after tax Rs.0.005 incurred during the previous year. The directors hope to achieve better results in the next year bearing any unforseen circumstances.
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U72900WB2008PTC125545 |
|
Name of the
company |
SA INFOSYS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
15, |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
HDFC Bank
Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai-400013,
|
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Hypothecation. |
|
Date of
instrument Creating the charge |
26.06.2010 |
|
Amount secured by
the charge |
Rs.73.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment On demand. Margin Company shall at
all times during the continuance of this security maintain the said debts of
a sufficient amount to provide the margin of security as may from time to
time advised by the Bank. Extent and
Operation of the charge Hypothecation by
way of First Charge on Company's Stocks, Book Debts etc., to secure as a
continuing security as mentioned in Column No.15 below for the repayment of
Rs.73.500 millions, together with interest, costs, charges, expenses and
other moneys due and payable by the Company to the Bank. |
|
Short particulars
of the property charged |
I)
All
the stock in trade both present and future consisting of raw materials, finished
goods, goods in process of manufacturing II)
All
the book-debts, outstandings monies receivables, claims and bills which are
now due and owing or which may at any time hereafter during the continuance |
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.44.58 |
|
|
1 |
Rs.71.75 |
|
Euro |
1 |
Rs.64.80 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
27 |
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.