MIRA
INFORM REPORT
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Report Date : |
11.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SUJATA COMPUTERS PRIVATE LIMITED GADGETS AND LAPTOPS DIVISION OF SUJATA COMPUTERS PRIVATE
LIMITED |
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Registered Office : |
66/2 Guruchaya Apartments, Nal Stop, |
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Country : |
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Financials (as on) : |
31.03.2009 |
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Date of Incorporation : |
06.05.1999 |
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Com. Reg. No.: |
25-13578 |
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Capital
Investment/ Paid-up Capital: |
Rs.0.520 million |
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CIN No.: [Company
Identification No.] |
U30007PN1999PTC013578 |
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Legal Form : |
Private limited liability company |
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Line of Business : |
Trader and Importer of Computer Parts and Spare Parts. |
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No. of Employees: |
150 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (31) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 110000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The management has not filed the latest financials of the company with the government
departments. Trade relations are reported as fair. Business is active.
Payment terms are unknown. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
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Name : |
Mr. Vinod |
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Designation : |
Account Department |
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Date : |
08.07.2011 |
LOCATIONS
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Registered Office : |
66/2 Guruchaya Apartments, Nal Stop, |
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Tel. No.: |
91-20-5435613 / 25435618 / 25410928 / 25435613 / 25443661/ 25450102 |
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Fax No.: |
91-20-25443661 |
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E-Mail : |
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Web Site : |
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Area : |
3500 sq.ft. |
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Location : |
Owned |
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Branches : |
125/B - 1, Tathwade, Taluka : Mulshi, Tel No. : 91-20-25456259 Other Branches
Located At:
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Tel. No.: |
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Warehouse: |
Post Jhambhe Tal Mulshi, Pune-411033, |
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Location : |
Rented |
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Pune Offices
(Division): |
(Software sales Division) Address: 42/2G, Raj, Dashbhuja Estate , Tel / Fax: 91-20-40100300 Contact Person: Mr. Shirish Surana E-mail: shirish.surana@sujataindia.com
(Division of Sujata Computers Private Limited) Address: 42/2G, Raj, Dashbhuja Estate, Tel / Fax: 91-20-25450102 Contact Person: Mr. Ashish E-mail: ashish@sujataindia.com
(Division of Sujata Computers Private Limited) Address: 22,2nd Floor, Yamuna Building, Old Topiwala co-operative housing society, Topiwala lane, Dadasaheb Dhadkamkar Marg (Lamington Road), Mumbai - 400 007, Maharashtra, India Tel -91-22- 23866051 / 23866699 Contact person: Meena Mane E-mail: meena@sujataindia.com |
DIRECTORS
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Name : |
Mr. Sumitlal M. Lodha |
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Designation : |
Director |
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Address : |
2nd Floor, Gandhali Apartments, |
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Date of Birth/Age : |
12.03.1957 |
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Qualification : |
PHD |
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Date of Appointment : |
06.05.1999 |
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Name : |
Mrs. Sujata Sumatilala Lodha |
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Designation : |
Director |
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Address : |
2nd Floor, Gandhali Apartments, |
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Date of Birth/Age : |
06.01.1963 |
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Date of Appointment : |
06.05.1999 |
KEY EXECUTIVES
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Name : |
Mr. Vijay Khopade |
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Designation : |
HOD Accounts |
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Name : |
Mr. Vinod |
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Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2006
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Names of Shareholders |
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No. of Shares |
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Mr. Sumatilal M. Lodha |
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30000 |
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Mrs. Sujata Sumatilal Lodha |
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22000 |
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TOTAL |
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52000 |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Computer Parts and Spare Parts. |
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Products : |
Software Services |
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Agencies Held : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit – depends (on Party) |
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Purchasing : |
Cash and Credit – depends (on Party) |
GENERAL INFORMATION
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Customers : |
Wholesaler, Retailers, End Users , Dealer and Distributors |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
Ř
Bank of Ř HDFC Bank Ř
ICICI Bank, Ř
State Bank of Ř Janseva Sahkari Branch, Sani Peth |
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Facilities : |
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Banking Relations
: |
Satisfactory |
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Auditors : |
SSSS and Associates Chartered Accountants |
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Address : |
1176, Sadashiv Peth, Limayewadi, Pune-411 030, |
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Associates/Subsidiaries : |
Front Line Software Solution, Mumbai Line of Business - Buyer and Seller of Computer Parts and Spare Parts. Gadjet and Laptops, Line of Business - Buyer and Seller of Computer Parts and Spare Parts |
CAPITAL STRUCTURE
As on 31.03.2009
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Capital |
Rs.10 each |
Rs.1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
52000 |
Equity Capital |
Rs.10 each |
Rs.0.520 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.520 |
0.520 |
0.520 |
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2] Share Application Money |
0.306 |
0.306 |
0.306 |
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3] Reserves & Surplus |
27.580 |
23.830 |
17.653 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
28.406 |
24.656 |
18.479 |
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LOAN FUNDS |
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1] Secured Loans |
20.134 |
14.048 |
5.378 |
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2] Unsecured Loans |
11.324 |
10.066 |
0.067 |
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TOTAL BORROWING |
31.458 |
24.114 |
5.445 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
59.864 |
48.770 |
23.924 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
29.710 |
26.356 |
12.691 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.994 |
0.987 |
0.708 |
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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 |
29.422 |
24.925 |
15.583 |
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Sundry Debtors |
80.404 |
59.388 |
48.528 |
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Cash & Bank Balances |
4.652 |
6.586 |
10.042 |
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Other Current Assets |
0.000 |
0.000 |
0.000 |
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Loans & Advances |
4.388 |
3.216 |
2.110 |
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Total
Current Assets |
118.866 |
94.115 |
76.263 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
88.607 |
69.494 |
63.588 |
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Other Current Liabilities |
0.000 |
0.000 |
0.000 |
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Provisions |
1.099 |
3.194 |
2.150 |
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Total
Current Liabilities |
89.706 |
72.688 |
65.738 |
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Net Current Assets |
29.160 |
21.427 |
10.525 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
59.864 |
48.770 |
23.924 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2009 |
31.03.2008 |
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Sales |
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665.450 |
609.071 |
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Incentives |
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13.460 |
8.668 |
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discount and rebates |
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4.840 |
3.356 |
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Installation Charges |
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0.358 |
0.223 |
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Interest on delayed Payment |
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0.513 |
0.359 |
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Misc. Receipts |
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0.079 |
0.017 |
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Total Income |
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684.700 |
621.694 |
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Profit/(Loss) Before Tax |
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4.434 |
6.653 |
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Provision for Taxation |
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(0.006) |
(1.829) |
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Profit/(Loss) After Tax |
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4.440 |
4.824 |
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Expenditures : |
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Cost of Sales |
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651.283 |
591.756 |
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Personal Cost |
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15.455 |
11.445 |
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Administrative Expense |
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5.442 |
6.166 |
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Sales Promotion Expense |
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1.434 |
1.854 |
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Financial Expense |
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3.883 |
2.781 |
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Depreciation |
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2.768 |
1.039 |
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Total Expenditure |
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680.265 |
615.041 |
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Earnings Per Share (Rs.) |
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85.38 |
- |
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Particulars |
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31.03.2011 |
31.03.2010 |
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Sales Turnover |
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1190.000 |
800.000 |
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The above information has been parted by Mr. Vinod (Account Department)
KEY RATIOS
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PARTICULARS |
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31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
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0.64
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0.77 |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.67 |
1.09 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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2.98 |
5.22 |
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Return on Investment (ROI) (PBT/Networth) |
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0.16 |
0.27 |
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Debt Equity Ratio (Total Liability/Networth) |
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4.26 |
4.79 |
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Current Ratio (Current Asset/Current Liability) |
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1.32 |
1.29 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs.
in Millions)
|
Particulars |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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Sundry Creditors |
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For Capital Goods |
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-- |
-- |
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For Purchase |
88.607 |
70.338 |
64.170 |
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Less: Debit Balance in
Creditors Account |
` |
0.844 |
0.582 |
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Total |
88.607 |
69.494 |
63.588 |
Bankers Charges
Report as per Registry
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Name of the company |
SUJATA
COMPUTERS PRIVATE LIMITED |
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Presented By |
BANK OF |
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1) Date and description of instrument creating the change |
26.12.2003 FDBN/FDBP B.P./B.D. Agreement |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.0.300 million |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of Company’s receivables, bills, hundies, cheques and other instruments with or without documents such as railway receipts, bill of lading, inland and foreign. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Repayable on demand Interest/ Commission at such rate determined by the Bank form time to time Bills purchased/negotiation limit |
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5) Name and Address and description of the person entitled to the charge. |
Bank of Maharashtra, |
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6) Date and brief description of instrument modifying the charge |
N.A. |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
N.A. |
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This form is for |
Modification of
charge |
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Charge
identification number of the modified |
90085609 |
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Corporate
identity number of the company |
U30007PN1999PTC013578 |
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Name of the company
|
SUJATA COMPUTERS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
66/2 Guruchhaya Apartments, |
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Type of charge |
Hypothecation |
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Particular of
charge holder |
Bank of E-Mail : rashmi11_2000@yahoo.com |
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Nature of
description of the instrument creating or modifying the charge |
Composite deed of hypothecation |
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Amount secured by
the charge |
Rs.3.000 millions |
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Short particulars
of the property charged |
66/2, Guruchaya Apartments, |
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Particulars of
the present modification |
Cash credit limit has been enhanced for Rs.3.000 millions to Rs.5.000 millions |
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.44.33 |
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|
1 |
Rs.70.74 |
|
Euro |
1 |
Rs.63.65 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
31 |
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.