MIRA
INFORM REPORT
|
Report Date : |
22.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
BRISK TECHNOVISION PRIVATE LIMITED |
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Registered
Office : |
135, Shamji Damji Industrial Estate, L B S Road, Vikroli (W), Mumbai –
400083, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
30.03.2007 |
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Com. Reg. No.: |
11 - 169441 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U72900MH2007PTC169441 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealing of Computer Peripherals. |
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No. of Employees
: |
90 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (41) |
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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 7000 |
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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. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
|
Name : |
Ms. Sunita |
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Designation : |
Accountant |
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Contact No.: |
91-22-66468500 |
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Date : |
21.06.2011 |
LOCATIONS
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Registered Office : |
135, Shamji Damji Industrial Estate, L B S Road, Vikroli (W), Mumbai –
400083, |
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Tel. No.: |
91-22-66468500 |
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E-Mail : |
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Website : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Ramasubramanian Sankarnarayanan |
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Designation : |
Director |
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Address : |
7, Vaishakh, |
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Date of Birth/Age : |
07.02.1949 |
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Date of Appointment : |
30.03.2007 |
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DIN No.: |
01957406 |
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Name : |
Mr. Ganapati Chittaranjan Kenkare |
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Designation : |
Director |
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Address : |
A-5, Manik, Sector 16A, Vashi, Navi Mumbai – 400605, |
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Date of Birth/Age : |
03.10.1960 |
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Date of Appointment : |
30.03.2007 |
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DIN No.: |
01964295 |
KEY EXECUTIVES
|
Name : |
Ms. Sunita |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ramasubramanian Sankarnarayanan |
|
500 |
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Ganapati Chittaranjan Kenkare |
|
500 |
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Total |
|
1000 |
As on 30.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Dealing of Computer Peripherals. |
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Products : |
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Terms : |
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Selling : |
Cash and Credit (30 Days/ 60 Days) |
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Purchasing : |
Cash and Credit (30 Days/ 60 Days) |
GENERAL INFORMATION
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Customers : |
Dealer |
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No. of Employees : |
90 (Approximately) |
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Bankers : |
The Saraswat Co –Operative Bank Limited, Vikhroli (West) Branch,
chandan Mansion, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
V. K. Doshi and Associate Chartered Accountant |
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Address : |
B/ 25, Ishwar Nagar, L. B. S. Marg, Bhandup (W), Mumbai – 400078,
Maharasahtra, India |
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PAN.: |
AEDPD4766N |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1000 |
Equity Shares |
Rs.100/- each |
Rs. 0.100 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/-
each |
Rs. 0.100
Million |
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 |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1.609 |
0.490 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
(0.071) |
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NETWORTH |
1.709 |
0.590 |
0.029 |
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LOAN FUNDS |
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1] Secured Loans |
0.428 |
0.528 |
0.430 |
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2] Unsecured Loans |
1.405 |
2.874 |
1.786 |
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TOTAL BORROWING |
1.833 |
3.402 |
2.216 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
3.542 |
3.992 |
2.245 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.129 |
1.318 |
1.561 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT (Unquoted) |
0.012 |
0.012 |
0.000 |
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HDFC INVESTMENT (Quoted) |
0.035 |
0.000 |
0.019 |
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DEFERREX TAX ASSETS |
0.061 |
0.046 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.032
|
0.029 |
0.095 |
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Sundry Debtors |
3.997
|
2.734 |
2.619 |
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Cash & Bank Balances |
0.276
|
1.882 |
0.214 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
1.132
|
1.181 |
0.357 |
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Total
Current Assets |
5.437
|
5.826 |
3.285 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.833
|
0.982 |
1.361 |
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Other Current Liabilities |
1.785
|
1.973 |
1.153 |
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Provisions |
0.525
|
0.268 |
0.123 |
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Total
Current Liabilities |
3.143
|
3.223 |
2.637 |
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Net Current Assets |
2.294
|
2.603 |
0.648 |
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MISCELLANEOUS EXPENSES |
0.011 |
0.013 |
0.017 |
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TOTAL |
3.542 |
3.992 |
2.245 |
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PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
14.123 |
9.431 |
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Repair and Service charges Received |
0.495 |
0.360 |
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AMC and FM charges Received |
12.116 |
11.436 |
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Other Income |
0.432 |
0.282 |
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TOTAL (A) |
27.166 |
21.509 |
16.215 |
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Less |
EXPENSES |
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Increase/ Decrease in Stocks |
(0.003) |
0.066 |
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Operating Expenses |
14.086 |
10.298 |
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Administrative Expenses |
2.704 |
2.599 |
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Directors Remunerations and Perquisits |
1.050 |
0.967 |
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Payment and Provision to Employees |
7.129 |
5.914 |
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Preliminary Expenses |
0.003 |
0.003 |
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TOTAL (B) |
24.969 |
19.847 |
16.152 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.197 |
1.662 |
(Including
Financial Expenses and Depreciation |
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Less |
FINANCIAL
EXPENSES (D) |
0.381 |
0.564 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.816 |
1.098 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.189 |
0.243 |
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PROFIT BEFORE
TAX (E-F) (G) |
1.627 |
0.855 |
0.064 |
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Less |
TAX (I) |
0.525 |
0.320 |
0.005 |
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PROFIT AFTER TAX
(G-I) (J) |
1.102 |
0.535 |
0.059 |
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Add |
DEFERRED TAX LIABILITY |
0.016 |
0.027 |
NA |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD PROFIT/ LOSS |
0.491 |
0.071 |
NA |
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BALANCE CARRIED
TO THE B/S |
1.609 |
0.491 |
NA |
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Earnings Per
Share (Rs.) |
1102 |
535 |
(71) |
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Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
50.000 |
The above information has been parted by Ms. Sunita.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.06
|
2.49 |
0.36 |
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Net Profit Margin (PBT/Sales) |
(%) |
11.52
|
9.06 |
-- |
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Return on Total Assets (PBT/Total Assets} |
(%) |
24.78
|
11.97 |
1.32 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.95
|
1.45 |
2.21 |
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Debt Equity Ratio (Total Liability/Networth) |
|
3.84
|
11.23 |
167.34 |
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Current Ratio (Current Asset/Current Liability) |
|
1.73
|
1.81 |
1.24 |
LOCAL AGENCY FURTHER INFORMATION
Sundry Creditors:
|
Particulars |
As on 31.03.2010 (Rs. in Millions) |
As on 31.03.2009 (Rs. in Millions) |
As on 31.03.2008 (Rs. in Millions) |
|
Sundry Creditors |
0.833
|
0.982 |
1.361 |
|
Total |
0.833 |
0.982 |
1.361 |
Operations:
The Directors are confident that with their continuous efforts,
operations will be giving much good result in future.
Form 8:
|
This form is for |
Creation of charge
|
|
Corporate
identity number of the company |
U72900MH2007PTC169441 |
|
Name of the
company |
BRISK TECHNOVISION PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
135, Shamji Damji Industrial Estate, L B S Road, Vikroli (W), Mumbai –
400083, Maharasahtra, iNDIA |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
The Saraswat Co –Operative Bank Limited, Vikhroli (West) Branch, chandan
Mansion, |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
hypothecation of movable property |
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Date of
instrument Creating the charge |
19.09.2008 |
|
Amount secured by
the charge |
Rs. 1.260
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit –Rs.
1.260 Millions – 16% p.a Terms of
Repayment Payable on Demand Margin Stocks 30% Extent and
Operation of the charge As per the
Sanction Terms |
|
Short particulars
of the property charged |
All the Book
Debts, Outstandings, Monies Receicables, Claims and Bills. |
Fixed Assets:
- Plant and Machinery
- Office Equipment
- Furniture and Fixture
- Vehicles
- Computers
- Air Conditioners
- Library Books
- Refrigerator
- Software
- Goodwill
- Mobile Phone
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.44.91 |
|
|
1 |
Rs.72.89 |
|
Euro |
1 |
Rs.64.48 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
41 |
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.