MIRA
INFORM REPORT
|
Report Date : |
01.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
S4 CARLISLE PUBLISHING SERVICES PRIVATE LIMITED (w.e.f. 17.09.2007) |
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Formerly Known
As : |
S-4 IND SOFTWARE PRIVATE LIMITED |
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Registered Office
: |
RR Tower IV, I Floor, A-16, A-17, TVK Industrial Estate, Guindy,
Chennai-600032, Tamilnadu |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
08.08.2000 |
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Com. Reg. No.: |
18-45534 |
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CIN No.: [Company Identification
No.] |
U72200TN2000PTC045534 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHES2055E |
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PAN No.: [Permanent Account No.] |
AAFCS2900K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing publishing services and data management, offers a wide range
of development, design, prepress, and electronic services to the publishing
community. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 700000 |
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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 and as per commitments. 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.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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 |
LOCATIONS
|
Registered Office : |
RR Tower IV, I Floor, A-16, A-17, TVK Industrial Estate, Guindy,
Chennai-600032, |
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Tel. No.: |
91-44-22326239/ 40 |
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Fax No.: |
91-44-22327357 |
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E-Mail : |
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Overseas Office : |
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Tel. No.: |
91-563-5571500 |
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Fax No.: |
91-563-5571376 |
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E-Mail : |
DIRECTORS
As on 31.03.2010
|
Name : |
Mr. A Adhikesavan Sekar |
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Designation : |
Director |
|
Address : |
Old No. 36, New No. 59, Police Commissioner’s Office Road, Egmore,
Chennai-600008, Tamilnadu, India |
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Date of Appointment : |
08.08.2000 |
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DIN NO.: |
01062422 |
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Name : |
Mr. Sanjay Mohan Singh Lulla |
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Designation : |
Director |
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Address : |
New No. 13, Old No. 6, Sriram Nagar, South Alwarpet, Chennai-600018,
Tamilnadu, India |
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Date of Appointment : |
08.08.2000 |
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DIN No.: |
01064040 |
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Name : |
Mr. L Thanikachalan Sounderrajan |
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Designation : |
Director |
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Address : |
47, |
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Date of Appointment : |
08.08.2000 |
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DIN No.: |
01064183 |
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Name : |
Mr. K Krlishnamachari Srinath |
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Designation : |
Director |
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Address : |
4B Roopa Apartment, Old No. 30, New No. 75, 4th Main Road,
Gandhinagar, Chennai-600020, Tamilnadu, India |
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Date of Appointment : |
08.08.2000 |
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DIN No.: |
01064315 |
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Name : |
Mr. Maribeth John Bernanrd Carlisle Golus |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
06.09.1954 |
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Date of Appointment : |
28.03.2008 |
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DIN No.: |
01632931 |
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Name : |
Mr. John John Bernanrd Anthony |
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Designation : |
Director |
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Address : |
16032, |
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Date of Birth/Age : |
29.08.1951 |
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Date of Appointment : |
28.03.2008 |
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DIN NO.: |
01632939 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
A Sekar Old No. 36, New No. 59, Police Commissioner’s Office Road, Egmore,
Chennai-600008, Tamilnadu, India |
|
432895 |
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Sanjay M Lulla New No. 1313, Old No. 6, Sriram Nagar, South Alwarpet, Chennai-600018,
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|
432895 |
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L T Sounderrajan |
|
432895 |
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K Srinaath 4B Roopa Apartments Old No. 30, New No. 75, 4th Main Road,
Gandhinagar, Chennai-600020, Gujarat, India |
|
432895 |
|
Maribeth Carlisle – Golus 2489, Briarwood Dirve, Asbury Lowa-52002, |
|
115439 |
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John A Crlisle 16032, |
|
115439 |
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Jullie Carlisle 501, |
|
115439 |
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William Carllisle 3305, Pleasant Lane, Racine, Wisconsin-53405, |
|
230877 |
|
Total |
|
2308774 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing publishing services and data management, offers a wide range
of development, design, prepress, and electronic services to the publishing
community. |
GENERAL INFORMATION
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Bankers : |
Not Available |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Thomas (V.M) and Company Chartered Accountant |
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Address : |
No. 4, Josier Streedt, Nungambakkam, Chennai-600034, |
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Subsidiaries : |
S4 Carlisle Publishing Services Inc. |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs. 10/- each |
Rs. 25.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2308774 |
Equity Shares |
Rs. 10/- each |
Rs. 23.088
Millions |
Note:
(Out of which 1250000 Shares issued as Bonus
Shares)
(115790 shares of Rs. 10/- each Rs. 3.30/-
called upa dn paid up)
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 |
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|
|
|
|
1] Share Capital |
23.088 |
22.312 |
21.536 |
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2] Share Application Money |
0.000 |
0.000 |
0.020 |
|
|
3] Reserves & Surplus |
153.945 |
140.208 |
125.469 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
177.033 |
162.520 |
147.025 |
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|
LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
13.969 |
13.951 |
9.575 |
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TOTAL BORROWING |
13.969 |
13.951 |
9.575 |
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DEFERRED TAX LIABILITIES |
1.901 |
1.590 |
1.718 |
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TOTAL |
192.903 |
178.061 |
158.318 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
9.872 |
8.914 |
10.726 |
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Capital work-in-progress |
0.000 |
0.000 |
11.992 |
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INVESTMENT |
145.909 |
146.229 |
118.516 |
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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 |
11.672
|
13.523 |
0.000 |
|
|
Sundry Debtors |
20.794
|
7.330 |
9.596 |
|
|
Cash & Bank Balances |
5.771
|
7.682 |
2.919 |
|
|
Other Current Assets |
0.041
|
0.000 |
0.000 |
|
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Loans & Advances |
9.041
|
8.528 |
11.429 |
|
Total
Current Assets |
47.319
|
37.063 |
23.944 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditors |
2.438
|
1.002 |
1.008 |
|
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Other Current Liabilities |
0.669
|
3.078 |
0.839 |
|
|
Provisions |
7.091
|
10.065 |
7.089 |
|
Total
Current Liabilities |
10.198
|
14.145 |
8.936 |
|
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Net Current Assets |
37.121
|
22.918 |
15.008 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
2.076 |
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TOTAL |
192.902 |
178.061 |
158.318 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income (Turnover) |
110.276 |
95.776 |
65.997 |
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Other Income |
NA |
NA |
NA |
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TOTAL (A) |
NA |
NA |
NA |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
|
NA |
NA |
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Advertising Expenses |
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TOTAL (B) |
NA |
NA |
NA |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9.518 |
12.626 |
14.513 |
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Less |
FINANCIAL
EXPENSES (D) |
1.124 |
0.090 |
0.142 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.394 |
12.536 |
14.371 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.026 |
4.505 |
5.227 |
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PROFIT BEFORE
TAX (E-F) (G) |
3.368 |
8.031 |
9.144 |
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Less |
TAX (H) |
0.888 |
1.508 |
1.251 |
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PROFIT AFTER TAX
(G-H) (I) |
2.480 |
6.523 |
7.893 |
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|
Earnings Per
Share (Rs.) |
1.07 |
2.69 |
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|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.89
|
17.47 |
26.37 |
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.05 |
0.06 |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
0.14
|
0.17 |
0.13 |
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|
Current Ratio (Current Asset/Current Liability) |
|
4.64
|
2.62 |
2.68 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The Registered office of the company has been shifted from No. 36,
Operations:
The export sales during the year have increased over the previous year
by Rs. 14.500 Millions. However the costs of operations have increased as the
capacity has been augmented in anticipation of increase in turnover.
Fixed Assets:
·
Computer and Accessories
·
Furniture and Fittings
·
Office Equipments
·
Vehicles
AS PER WEBSITE
Introduction:
S4Carlisle, a global leader in publishing services and data management,
offers a wide range of development, design, prepress, and electronic services
to the publishing community. With a diverse, experienced staff spread over two
continents, the company specializes in textbook production, utilizing an
“XML-first” coding structure to efficiently provide the product as desired,
when desired.
The company features an expansive and versatile combination of services. With a
vast library of custom designs, a talented pool of editors, the latest in
computer software, and thousands of hours of cumulative experience among its
pagers, artists, and development staff, S4Carlisle is equipped to handle a wide
variety of projects. Flexibility is another S4Carlisle strength. Whether a
project consists of complete prepress production on a 10-book, 4-color medical
series or simply a copy edit on a 1-color journal, the company can put the right
team together to efficiently and accurately handle the task.
The S4Carlisle staff believes in keeping their customers satisfied and
informed. An individual is assigned to manage each project, overseeing the
internal production processes and serving as a resource to external customers
to answer questions regarding schedule changes, project concerns, and
additional services. By maintaining a “one-contact” approach, the company’s
representatives can become more familiar with each particular project, and therefore
able to provide more personalized service.
Before making a decision regarding publishing services, take a moment to
consider what S4Carlisle has to offer.
Profile:
S4Carlisle marks the union of two notable prepress organizations into
one global company dedicated to providing customers worldwide with top-notch
publishing services that can fit any budget.
The Merger
S4Carlisle represents the merger of S4 Ind Software Private Limited and Carlisle
Publishing Services. Founded in 2000 by Sanjay M.Lulla, L.T. Sounder Rajan,
A.Sekar, and Kris Srinaath, S4 has grown into one of
Founded 22 years earlier by John B. Carlisle, Carlisle Publishing Services has
progressed from a small typesetting company in the American Midwest to a
virtual one-stop prepress shop where today’s clients can have their projects
developed, designed, edited, composed, and—thanks to their partnership with
Carlisle Ryan Digital Services—even printed under the same roof.
International Network of Prepress Excellence
Perhaps it was no accident that these two forward-thinking companies crossed
paths early in the 21st century. After a period of working together, they chose
to take the next step and unite as one company in 2007, creating an
international network of prepress excellence. Through their combined
experience, S4Carlisle is well-suited to handle nearly any publishing need in
nearly any platform. Guided by the principles of their founders—quality,
flexibility, accountability, and on-time delivery—S4Carlisle boasts an
impressive history with the promise of an even brighter future.
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.45.18 |
|
|
1 |
Rs.72.79 |
|
Euro |
1 |
Rs.62.15 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.