MIRA
INFORM REPORT
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Report Date : |
27.06.2011 |
IDENTIFICATION DETAILS
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Name : |
DATRON ELECTRONIC SYSTEMS PRIVATE LIMITED |
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Registered Office : |
86, Avtar Enclave, Paschim Vihar, New Delhi-110063, |
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Country : |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
03.01.2006 |
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Com. Reg. No.: |
55-144432 |
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CIN No.: [Company
Identification No.] |
U32109DL2006PTC144432 |
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IEC No.: |
0505044790 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELD10132D |
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PAN No.: [Permanent
Account No.] |
AACCD3021B |
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TIN No.: |
07950285954 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Trader, Supplier, Exporter and Importer of Electronic Document
Solutions, Barcode Printers, Labels, Stickers, Plastic Tags, RFID Printers,
Thermal Transfer Ribbons, Mobile Data Terminal, Barcode Labels, Barcode
Scanners, Imaging Barcode Scanners, Directional Barcode Scanners etc. Service Provider of Transportation Services, Logistics Services,
Electronic Document Solutions etc. |
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No. of Employees : |
22 (Approximately) |
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RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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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 800 |
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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 financials of the company with the government departments
after the year 2008. Trade relations are reported as fair. Business is
active. Payments terms are unknown. The company can be considered for business dealings with some caution.
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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
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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. Sahil |
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Designation : |
Manager |
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Contact No.: |
91-9899016262 |
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Date : |
18.06.2011 |
LOCATIONS
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Registered Office : |
86, Avtar Enclave, Paschim Vihar, New Delhi-110063, |
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Tel. No.: |
91-11-32714622 / 45120644 / 65945632 |
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Mobile No.: |
91-9911171449 / 9891533016 (Mr. Pal) |
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Fax No.: |
91-11-45120644 / 25270105 |
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E-Mail : |
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Area : |
1800 Sq. ft. |
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Location : |
Owned |
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Factory : |
Bawana Industrial Area, |
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Area : |
150 Sq. Mt. |
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Branch 1: |
Gurgaon, |
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Branch 2: |
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DIRECTORS
AS ON 24.09.2008
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Name : |
Mr. Pradeep Kumar |
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Designation : |
Director |
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Address : |
86, Avtar Enclave, Paschim Vihar, New Delhi-110063, |
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Date of Birth/Age : |
13.07.1972 |
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Date of Appointment : |
03.01.2006 |
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Name : |
Mr. Raj Dulari Aggarwal |
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Designation : |
Director |
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Address : |
86, Avtar Enclave, Paschim Vihar, New Delhi-110063, |
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Date of Birth/Age : |
05.01.1939 |
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Date of Appointment : |
03.01.2006 |
KEY EXECUTIVES
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Name : |
Mr. Sahil |
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Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2008
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Names of Shareholders |
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No. of Shares |
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Pradeep Kumar |
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15000 |
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Raj Dulari Aggarwal |
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5000 |
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Total |
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20000 |
(AS ON 24.09.2008)
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader, Supplier, Exporter and Importer of Electronic Document
Solutions, Barcode Printers, Labels, Stickers, Plastic Tags, RFID Printers,
Thermal Transfer Ribbons, Mobile Data Terminal, Barcode Labels, Barcode
Scanners, Imaging Barcode Scanners, Directional Barcode Scanners etc. Service Provider of Transportation Services, Logistics Services,
Electronic Document Solutions etc. |
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Business Partner : |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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Customers : |
Wholesalers and
Retailers Automotive
Industry ·
Minda Industries Limited ·
Ester Industries Limited ·
Deepak Fashions Private Limited ·
Addi Industries Private Limited ·
Profile India Private Limited Industrial
Applications
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No. of Employees : |
22 (Approximately) |
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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 : |
Sanjay Sehgal and Company Chartered Accountant |
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Address : |
307 Garg Plaza, Shinik Vihar, Near |
CAPITAL STRUCTURE
AS ON 31.03.2008
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000 |
Equity Share |
Rs.10/- Each |
Rs.0.200 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000 |
Equity Share |
Rs.10/- Each |
Rs.0.200 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.200 |
0.200 |
0.200 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.011 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
(0.016) |
(0.028) |
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NETWORTH |
0.211 |
0.184 |
0.172 |
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LOAN FUNDS |
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1] Secured Loans |
0.414 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.079 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.493 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.009 |
0.000 |
0.000 |
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TOTAL |
0.713 |
0.184 |
0.172 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.551 |
0.011 |
0.000 |
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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 |
0.092
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0.025 |
0.044 |
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Sundry Debtors |
1.920
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1.529 |
0.328 |
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Cash & Bank Balances |
0.007
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0.099 |
0.167 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
0.041
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0.000 |
0.000 |
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Total
Current Assets |
2.060
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1.653 |
0.539 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
1.800
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1.414 |
0.365 |
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Other Current Liabilities |
0.076
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0.062 |
0.014 |
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Provisions |
0.028
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0.014 |
0.000 |
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Total
Current Liabilities |
1.904
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1.490 |
0.379 |
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Net Current Assets |
0.156
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0.163 |
0.160 |
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MISCELLANEOUS EXPENSES |
0.006 |
0.010 |
0.012 |
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TOTAL |
0.713 |
0.184 |
0.172 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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SALES |
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Income |
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4.382 |
3.385 |
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Other Income |
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NA |
NA |
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TOTAL |
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NA |
NA |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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4.317 |
3.360 |
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Advertising Expenses |
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TOTAL |
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4.317 |
3.360 |
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PROFIT BEFORE
TAX |
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0.065 |
0.025 |
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Less |
TAX |
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0.038 |
0.013 |
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PROFIT AFTER TAX
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0.027 |
0.012 |
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Earnings Per
Share (Rs.) |
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1.33 |
0.58 |
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Particulars |
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31.03.2011 |
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Sales Turnover (Approximately) |
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10.000 |
The above information has been parted by Mr. Sahil.
KEY RATIOS
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
31.03.2006 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.48 |
0.74 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.49 |
1.50 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.31 |
0.14 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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11.36 |
8.10 |
2.20 |
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Current Ratio (Current Asset/Current Liability) |
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1.08 |
1.11 |
1.42 |
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCES
Automotive
Industry
·
Minda Industries Limited
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Ester Industries Limited
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Deepak Fashions Private Limited
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Addi Industries Private Limited
·
Profile India Private Limited
Industrial
Applications
- Instyle
Exports Private Limited
- Dhir Global
Private Limited
- Shyam Tex
International Private Limited
- Super
Overseas Private Limited
- Bright
Exports Private Limited
- New Times
Buying House Private Limited
- Clossious
Clothing Private Limited
FIXED ASSETS
- Car
- Refrigerator
- Furniture and Fixtures
AS PER WEB DETAILS
PROFILE
Founded in 2000, they, subject, one of the prominent manufacturers, suppliers and traders of premium quality custom built and standard electronic document solutions. Their portfolio of products includes barcode printers, labels, stickers, plastic tags, RFID printers, thermal transfer ribbons, etc. They are also involved in providing logistics services to the huge import-export fraternity. Embedded with many revolutionized features, their solutions allow the barcodes to be easily printed on standard office printers. Their solutions are aimed at removing the need to purchase additional specialist dedicated barcode printers by offering barcode fonts that can be used in various standard business environments. They are accompanied by their sister concern, Titanic Logistics Private Limited in their mission to excel in all their operations.
Their barcode solutions are available for all environments: PC, Windows
and MAC, UNIX and Mainframe. And in many formats: TrueType, Postscript, PCL and
others. Moreover, MICR, OCR and Signature fonts are also available for cheque
printing applications. Their quality is trusted by many leading software and
hardware concerns, which integrate or distribute their cutting edge software
products. They also offer products manufactured by world's leading companies
like Intermec, Argox, Metrologic and Zebex.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various stheirces
including but not limited to: The Ctheirts,
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] Ctheirt 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 :
Their
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.
Their 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.94 |
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1 |
Rs.71.89 |
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Euro |
1 |
Rs.64.09 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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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 |
NO |
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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 |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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26 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.