MIRA
INFORM REPORT
|
Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
ZEUS NUMERIX PRIVATE LIMITED |
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Registered
Office : |
M 03, Sine, CSRE Building, IIT Bombay Campus Powai, Mumbai 400076,
Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
13.08.2004 |
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Com. Reg. No.: |
147993 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.797 million |
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CIN No.: [Company Identification
No.] |
U72900MH2004PTC147993 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEZ01841A |
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PAN No.: [Permanent Account No.] |
AAACZ2163J |
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Legal Form : |
Private Limited Liability Company
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Line of Business
: |
The company is engaged in the business of providing numerical
solutions |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 53944 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
of the company is under severe pressure. 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 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 DECLINED BY
|
Name : |
Ms. Rajashree Jog |
|
Designation : |
Accounts Head |
|
Date : |
15.06.2011 |
LOCATIONS
|
Registered Office : |
M 03, Sine, CSRE Building, IIT Bombay Campus Powai, Mumbai 400076,
Maharashtra, India |
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Tel. No.: |
91-22-64527612 |
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Fax No.: |
91-22-25798151 |
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E-Mail : |
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Branches : |
Pune Office IS Quare IT Campus, P 14, Rajiv Gandhi Infotech Park, Phase 1,
Hinjwadi, Pune 411057, Maharashtra, India Tel. No.: 91-20-64731511 / 64739965 Fax No.: 91-20-22933444 Bangalore Office
2434, 16th B Main, HAL, 2nd Stage, Indira Nagar, Bangalore – 560038,
Karnataka, India. Tel. No.: 91-80-42115295 |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Emant Kamala Prasad Jalan |
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Designation : |
Director |
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Date of Birth/Age : |
23.08.1957 |
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Date of Appointment : |
15.12.2007 |
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Name : |
Mr. Madhur Madan Murarka |
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Designation : |
Director |
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Date of Birth/Age : |
08.02.1954 |
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Date of Appointment : |
17.07.2010 |
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|
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Name : |
Mr. Shilowbhadra Bibhuti Bhusan Banerjee |
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Designation : |
Director |
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Date of Appointment : |
13.08.2004 |
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Name : |
Mr. Gopal Ramchandra Shevare |
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Designation : |
Director |
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Date of Appointment : |
13.08.2004 |
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Name : |
Mr. Basant Kumar Gupta |
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Designation : |
Director |
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Date of Appointment : |
13.08.2004 |
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Name : |
Mr. Irshad Mehboob Khan |
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Designation : |
Director |
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Date of Appointment : |
01.01.2006 |
KEY EXECUTIVES
|
Name : |
Ms. Rajashree Jog |
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Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Gopal Ramchandra Shevare |
22900 |
|
Shilowbhadra Bibhuti Bhusan Banerjee |
12500 |
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Irshad Mehboob Khan |
8000 |
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Basant Kumar Gupta |
8000 |
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Deanna Ivor Pereira |
2150 |
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Ashish Chaudhari |
2000 |
|
Sandip Jadhav |
300 |
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Society for Innovation and Entrepreneurship, Mumbai |
1786 |
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Abhishek Jain |
1500 |
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Vijay Sarvanan |
750 |
|
Chandrashekhar Kaushik |
480 |
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Sanjay Nawrang Ram |
600 |
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Hemant Jalan |
1750 |
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Sourabh Jain |
750 |
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Manali Prabhu |
500 |
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Aditya Chunekar |
350 |
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Manoj Vaghela |
350 |
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Sumit Jana |
350 |
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Shubhayu Chakraborty |
125 |
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Sandeep K N Somasekharan |
100 |
|
S Mudur |
150 |
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Mudhur Murarka |
779 |
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Rachana Murarka |
2400 |
|
Optima Securities India Private Limited, Thane, Maharashtra |
4000 |
|
Global Fintech Private Limited, Mumbai |
7178 |
|
Total |
79748 |
AS ON 30.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
16.25 |
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Directors or relatives of directors |
|
71.08 |
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Other top fifty shareholders |
|
12.67 |
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Total
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company is engaged in the business of providing numerical
solutions |
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Brand Names : |
·
ZNCFD Tutor ·
CFD Expert |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
State Bank of India,
IIT Branch, Powai, Mumbai 400076, Maharashtra, India |
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Facilities : |
Rs. In Millions
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Vijay R Tikoteker Chartered Accountant |
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Address : |
3, Hemant, 21 Manisha Society, Karvenagar, Pune 411052, Maharashtra,
India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 10 each |
Rs. 1.000 million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
79748 |
Equity Shares |
Rs. 10 each |
Rs.0.797 million |
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|
Out of the above, 2,679 shares were allotted as fully paid-up for
consideration other than cash.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.797 |
0.797 |
0.662 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
12.689 |
21.117 |
5.573 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
13.486 |
21.914 |
6.235 |
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|
LOAN FUNDS |
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|
1] Secured Loans |
7.119 |
5.245 |
3.183 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
7.119 |
5.245 |
3.183 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.302 |
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TOTAL |
20.605 |
27.159 |
9.720 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.600 |
2.434 |
1.309 |
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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 |
2.925 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000 |
0.000 |
0.000 |
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Sundry Debtors |
8.188
|
6.579 |
10.126 |
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Cash & Bank Balances |
12.011
|
15.453 |
2.713 |
|
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Other Current Assets |
0.349
|
0.349 |
0.034 |
|
|
Loans & Advances |
2.602
|
2.310 |
0.584 |
|
Total
Current Assets |
23.150
|
24.691 |
13.457 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.237 |
0.805 |
|
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Other Current Liabilities |
0.886
|
0.763 |
1.987 |
|
|
Provisions |
3.259
|
1.891 |
2.254 |
|
Total
Current Liabilities |
4.145
|
2.891 |
5.046 |
|
|
Net Current Assets |
19.005
|
21.800 |
8.411 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
|
|
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TOTAL |
20.605 |
27.159 |
9.720 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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|
|
|
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|
Sales |
12.998 |
12.842 |
19.961 |
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|
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Other Income |
0.988 |
1.311 |
0.166 |
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|
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TOTAL (A) |
13.986 |
14.153 |
20.127 |
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|
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|
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Less |
EXPENSES |
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|
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|
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Selling and Distribution Expenses |
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|
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|
Office Expenses |
19.489 |
20.407 |
14.508 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
19.489 |
20.407 |
14.508 |
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|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(5.503) |
(6.254) |
5.619 |
|
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|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
NA |
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|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(5.503) |
(6.254) |
5.619 |
|
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|
|
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
NA |
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|
|
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|
PROFIT BEFORE
TAX (E-F) (G) |
(5.503) |
(6.254) |
5.619 |
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|
|
|
|
|
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Less |
TAX (H) |
2.925 |
(3.177) |
1.105 |
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|
PROFIT AFTER TAX
(G-H) (I) |
(8.428) |
(3.077) |
4.514 |
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.145 |
2.642 |
3.951 |
|
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|
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|
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|
Earnings Per
Share (Rs.) |
(105.69) |
(40.29) |
78.71 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(60.26)
|
(21.74) |
22.42 |
|
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|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(42.33)
|
(48.69) |
28.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(22.23)
|
(23.05) |
38.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.40)
|
(0.28) |
0.90 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.83
|
0.37 |
1.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.58
|
8.54 |
2.66 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
Rs. In Millions
|
Particulars |
31.03.2010
|
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.237 |
0.805 |
BACKGROUND:
The Company was
incorporated on 13 August 2004. It is engaged in the business of developing
numerical solutions. It also sells software under the brand names of ZNCFD Tutor,
CFD Expert, etc. During the previous period under audit, it obtained
recognition from the Department of Scientific and Industrial Research (DSIR)
for its research and development center at Pune.
FIXED ASSETS:
·
Computers
·
Equipments
·
Furniture and Fixtures
FORM 8
|
Corporate
identity number of the company |
U72900MH2004PTC147993 |
|
Name of the
company |
ZEUS NUMERIX PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
M 03, Sine, CSRE Building, IIT Bombay Campus Powai, Mumbai 400076,
Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
State Bank of India,
IIT Branch, Powai, Mumbai 400076, Maharashtra, India Email. mohan.joshi@sbi.co.in |
|
Nature of
instrument creating charge |
Agreement of
Loan-cum-Hypothecation |
|
Date of instrument
Creating the charge |
27.07.2006 |
|
Amount secured by
the charge |
Rs. 4.500
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at the rates,
rests and percentages p.a. equal to, above or below the SBAR as may be fixed
by the bank from time to time. Present effective rate : 11.75% p.a. Terms of repayment On demand Margin @ 25% Extent and operation of the charge Security created
by way of first charge and to cover the principal amount together with
interest, charges, costs and expenses. Other Security created
in respect of the following facilities : Cash credit Rs.3.000 millions Bank
Guarantee Rs.1.500
millions TOTAL Rs.4.500
millions |
|
Short particulars
of the property charged (Including location of the property) |
All present and future stocks, raw
materials, goods, book debts and vehicles and all other movable assets of the
company including receivables, documents of title to goods, outstanding
monies, bills, invoices, documents, contracts, insurance policies,
guarantees, engagements, securities, investments and rights and the present
machinery and all future machinery belonging to or in the possession or
control of the company wherever lying, stored and kept and whether in
possession of company or of the Bank or of any third party whether in India
or elsewhere including all such goods, vehicles, other movable assets as may
be in course of shipment, transit or delivery and all the machinery, vehicles
and other equipment items of whatever nature acquired by the company. |
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.44.68 |
|
|
1 |
Rs.73.04 |
|
Euro |
1 |
Rs.64.29 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.