MIRA
INFORM REPORT
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Report Date : |
24.03.2011 |
IDENTIFICATION DETAILS
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Name : |
ADITYA PERIPHERALS PRIVATE LIMITED |
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Registered Office : |
G3/ G4, Karan Park, Opposite G.P.I. Limited, Uchagaon, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
19.04.2004 |
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Com. Reg. No.: |
11-019144 |
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CIN No.: [Company
Identification No.] |
U72200PN2004PTC019144 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
KLPA01630G |
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PAN No.: [Permanent
Account No.] |
AAECA6973F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Distributor of Computer Peripherals. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 52000 |
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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
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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 DECLINED BY
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Name : |
Mr. Sujay |
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Designation : |
Accounts Officer |
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Date : |
23.03.2011 |
LOCATIONS
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Registered Office : |
G3/ G4, Karan Park, Opposite G.P.I. Limited, Uchagaon, |
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Tel. No.: |
91-231-2605619 |
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Mobile No.: |
91-9326372005 (Mr. Sujay) |
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Fax No.: |
91-231-2531166 |
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E-Mail : |
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Web site : |
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Area : |
1000 Sq. ft. |
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Location : |
Owned |
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Warehouse : |
RS. No.291/B, Opposite Ford Showroom, N.H. 4, Uchagaon, |
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Tel. No.: |
91-231-2605619/ 2606186/ 2607366 |
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Fax No.: |
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E-Mail : |
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Sales Office : |
CS. No.2045/1, Siddhivinayak Plaza, Shop No.1, 2 and 3, Rajarampuri,
11th Lane, Near Patane High School, Kolhapur – 416 008,
Maharashtra, India |
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Tel. No.: |
91-231-2522387/ 88/ 2531165/ 66 |
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Branch Office 1 : |
4 and 5, Mahagavkar Complex, |
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Tel. No.: |
91-231-2522387 / 88 |
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Fax No.: |
91-231-2531166 |
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Area : |
800 Sq. ft. |
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Location : |
Owned |
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Branch Office 2 : |
Shop No. 1/2/3, |
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Tel. No.: |
91-231-2605619 / 2607366 |
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E-Mail : |
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Area : |
1200 Sq. ft. |
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Location : |
Owned |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Arun Jaikumar Managave |
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Designation : |
Director |
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Address : |
Aditya, R.S. No.362/ 2, C Wing, G3/ G4, Ground Floor, |
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Date of Birth/Age : |
22.02.1972 |
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Qualification : |
Graduate |
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Date of Appointment : |
19.09.2004 |
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DIN No.: |
00560307 |
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Name : |
Mr. Appasaheb Jaikumar Managave |
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Designation : |
Director |
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Address : |
Aditya, R.S. No.362/ 2, C Wing, G3/ G4, Ground Floor, |
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Date of Birth/Age : |
22.07.1975 |
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Qualification : |
Graduate |
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Date of Appointment : |
19.09.2004 |
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DIN No.: |
00560326 |
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Name : |
Mrs. Mohini Arun Managave |
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Designation : |
Director |
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Address : |
Aditya, R.S. No.362/ 2, C Wing, G3/ G4, Ground Floor, |
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Date of Birth/Age : |
21.08.1977 |
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Qualification : |
Graduate |
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Date of Appointment : |
19.09.2004 |
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DIN No.: |
00560355 |
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Name : |
Mrs. Rajeshwari Appasaheb Managave |
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Designation : |
Director |
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Address : |
Aditya, R.S. No.362/ 2, C Wing, G3/ G4, Ground Floor, |
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Date of Birth/Age : |
26.11.1980 |
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Qualification : |
Graduate |
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Date of Appointment : |
19.09.2004 |
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DIN No.: |
02329237 |
KEY EXECUTIVES
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Name : |
Mr. Devendra V Deshpande |
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Designation : |
Company Secretary |
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Address : |
52, Parvati Gaon, Near Bank of Maharashtra, Pune – 411 009, |
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Tel No.: |
91-20-2444 5265 |
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Fax No.: |
91-20-24449860 |
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Mobile No.: |
91-9422019397 |
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E-Mail : |
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Name : |
Mr. Sujay Gholkar |
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Designation : |
Accounts Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
No. of Shares |
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Equity Shares |
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Arun Jaikumar Managave |
3125 |
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Appasaheb Jaikumar Managave |
3125 |
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Mohini Arun Managave |
3125 |
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Rajeshwari Appasaheb Managave |
3125 |
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Kiran Jaikumar Managave |
3125 |
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Anita Kiran Managave |
3125 |
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Jaikumar Annasaheb Managave |
3125 |
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Jayashri Jaikumar Managave |
3125 |
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Total |
25000 |
As on 30.09.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Distributor of Computer Peripherals. |
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Agencies Held : |
·
Samsung ·
Intel ·
Lenova ·
AMD |
GENERAL INFORMATION
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No. of Employees : |
40 (10 – In Office + 30 – In Branches) (Approximately) |
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Bankers : |
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The Ashta People’s Co-Operative Bank Limited,
Shahupuri Branch, ·
HDFC Bank Limited – New Shahupuri Branch, ·
IndusInd Bank ·
State Bank of |
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Facilities : |
Cash Credit: Rs. 5.000 millions
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Anil Chikodi and Company Chartered Accountants |
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Address : |
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CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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25000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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25000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500 millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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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 |
2.500 |
2.500 |
1.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.480 |
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3] Reserves & Surplus |
10.543 |
6.366 |
3.273 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
13.043 |
8.866 |
4.753 |
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LOAN FUNDS |
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1] Secured Loans |
3.303 |
3.195 |
4.061 |
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2] Unsecured Loans |
1.997 |
0.987 |
1.456 |
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TOTAL BORROWING |
5.300 |
4.182 |
5.517 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.007 |
0.000 |
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TOTAL |
18.343 |
13.055 |
10.270 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
6.503 |
6.610 |
4.097 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.082 |
0.072 |
0.344 |
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DEFERREX TAX ASSETS |
0.026 |
0.000 |
0.002 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
22.517
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14.977
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12.527
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Sundry Debtors |
50.945
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27.532
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17.315
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Cash & Bank Balances |
1.904
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4.292
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2.993
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Other Current Assets |
0.000
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0.000
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0.000
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Loans & Advances |
4.352
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2.259
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2.206
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Total
Current Assets |
79.718
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49.060
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35.041
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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23.261 |
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Other Current Liabilities |
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4.064
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Provisions |
3.655
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2.257
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1.889
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Total
Current Liabilities |
67.986
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42.687
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29.214
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Net Current Assets |
11.732
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6.373
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5.827
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
18.343 |
13.055 |
10.270 |
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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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418.627 |
340.327 |
240.040 |
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Other Income |
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TOTAL |
418.627 |
340.327 |
240.040 |
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Less |
EXPENSES |
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Office Expenses |
412.283 |
335.775 |
237.906 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
412.283 |
335.775 |
237.906 |
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PROFIT BEFORE
TAX |
6.344 |
4.552 |
2.134 |
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Less |
TAX |
2.167 |
1.459 |
0.741 |
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PROFIT AFTER TAX
|
4.177 |
3.093 |
1.393 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.366 |
0.273 |
0.379 |
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Less |
APPROPRIATIONS |
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Transfer to General Reserve |
4.000 |
3.000 |
1.500 |
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BALANCE CARRIED
TO THE B/S |
0.543 |
0.366 |
0.273 |
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Earnings Per
Share (Rs.) |
167.08 |
NA |
NA |
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KEY RATIOS
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PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
1.00 |
0.91 |
0.58 |
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Return on Total Assets (PBT/Total Assets) |
(%) |
7.36 |
8.17 |
5.45 |
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Return on Investment (ROI) (PBT/Networth) |
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0.49 |
0.51 |
0.45 |
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Debt Equity Ratio (Total Liability/Networth) |
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5.62 |
5.29 |
7.31 |
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Current Ratio (Current Asset/Current Liability) |
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1.17 |
1.15 |
1.19 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
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Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
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Sundry Creditors |
NA |
NA |
23.261 |
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operations:-
The economic trend has witnessed favorable market conditions throughout the year and the directors hope that the same conditions will prevail in future for couple of years.
The financial results of the company for the year ended on 31st march 2010 have shown a noticeable improvement. The company has recorded a turnover of Rs.418.627 millions. The Net Profit after Tax for the year is Rs.4.177 millions.
The Directors look forward to a better performance in the next year.
FORM 8:-
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Corporate
identity number of the company |
U72200PN2004PTC019144 |
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Name of the
company |
ADITYA PERIPHERALS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
G3/G4, Karan Park, Opposite G.P.I. Limited, Uchagaon, E-Mail: amrutparakh@rediffmail.com |
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This form is for |
Creation of charge
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Type of charge |
Immovable
Property |
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Particular of
charge holder |
The Ashta People’s Co-Operative Bank Limited, Shahupuri Branch, E-Mail: amrutparakh@rediffmail.com |
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Nature of
description of the instrument creating or modifying the charge |
Medium Term Loan
Agreement |
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Date of
instrument Creating the charge |
23/12/2010 |
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Amount secured by
the charge |
Rs.1.500 millions
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
ROI @ 13.50 % p.a. Terms of
Repayment: Repayable in 60 monthly installments of Rs.0.035 million each. Extent and
Operation of the charge: first charge on the property |
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Short particulars
of the property charged |
Equitable
mortgage of the land of the borrower situated at C. S. No. 1185/C/27A,
Rajarampuri, Equitable
mortgage of the land of the borrower situated at C. S. No. 1185/C/27B,
Rajarampuri, Equitable
mortgage of the land of the borrower situated at Gat No. 269, B-2, Plot No.
11, Seg 0.05.87 R C, At Village Mauje Uchgaon, District- Kolhapur adm. 6318
sq. fts. Equitable
mortgage of the flats of the borrower situated at Flat No. G-3/G-4, Ground
Floor, Karun Park, Gat No. 363/2, at Village Mauje Uchgaon adm. 106.74 sq.
mtrs including construction thereon. |
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This form is for |
Modification of
charge |
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Charge identification
number of the modified |
10158350 |
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Corporate
identity number of the company |
U72200PN2004PTC019144 |
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Name of the
company |
ADITYA PERIPHERALS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
G3/G4, |
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Type of charge |
Immovable
Property Book Debts |
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Particular of
charge holder |
The Ashta People’s Co-Operative Bank Limited, Kolhapur Branch, E-Mail: amrutparakh@rediffmail.com |
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Nature of
description of the instrument creating or modifying the charge |
Agreement of
Hypothecation of Book debts dated 05.05.2009. |
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Date of
instrument Creating the charge |
05.05.2009 |
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Amount secured by
the charge |
Rs.2.500 millions
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
ROI = 15.50% p.a. Terms of
Repayment: upto 05.05.2010 i.e. within 12 months Margin: 60% Extent and
Operation of the charge: First charge on goods. |
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Short particulars
of the property charged |
Hypothecation of
goods, book debts etc to be stored at the premises at registered office and
godown at |
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Date of latest
modification prior to the present modification |
28.04.2009 |
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Name of the company |
ADITYA
PERIPHERALS PRIVATE LIMITED |
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Presented
By |
Arun J Managave,
Director |
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1) Date and description of instrument creating the change |
Term Loan dated
15.09.2005 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.1.000 million |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Mortgage of Land
and Building situated at Gate No. 363, H R No. 2, Ground Floor, Plot No. G –
3, G-4 Area 106.74 Sq. Mts. And additional security of land at Uchgaon,
Kolhapur Village No. 288/6. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
ROI – 12% p.a. (Repay Rs.0.014
million + Interest P.M.) Other terms and
conditions as per the agreement |
|
5) Name and Address and description of the person entitled to the charge. |
The Ashta Peoples Co-Op Bank Limited |
|
6) Date and brief description of instrument modifying the charge |
Equitable
Mortgage Agreement dated 15.09.2005 |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
By this present 1st
modification the total credit limit is further secured by way of entering
into Equitable Mortgage with the Ashta Peoples Co-op Bank Limited (the
Mortgage) wherein the mortgaged property is given a security to the above
loan amount by company (the mortgagor) viz. Equitable Mortgage of Building at
Kolhapur C S No. 1164 and 1147, Shop Unit No. 4 and 5 at Kolhapur admeasuring
about 56.78 sq. Mtrs. |
FIXED ASSETS:
·
Computers
·
Building – Sykes
Extension
·
Building – Unchgaon
·
Building – Rajarampuri
·
Car Tavera
·
Car Esteem
·
Furniture and Fixture
·
Air Cooler
·
·
Genset Honda
·
Inverter
·
Electric Installations
·
Solar Water Heating
System
·
Motor Cycle
WEBSITE DETAILS:
Profile:
Information
technology (IT) is defined as the design, development, implementation and
management of computer-based information systems, particularly software
applications and computer hardware. Today, it has grown to cover most aspects
of computing and technology. The reason why it has catapulted in importance is
due to the improving accessibility, awareness and utility of technology.
Subject plays
very important role in distributing and engineering computer hardware to the
management of networking and administration of entire systems. With the already
high penetration of conventional personal computer and network technology,
Subject is now keenly focused on the integration with other technologies
coupled with the growing convergence of information,
communication and
entertainment.
Subject was
incorporated in year 2000 with single brand in distribution with 6 employees
working for 1 district. But now in year 2010, Subject spread its wings to 5
districts with 40 people working for 760 retailers in region and the figures
are self-explanatory that they are reaching 50 Crore at the end of this year
and having 30% growth year over year.
The company has
also built a strong reputation for its high standards of service quality and
hardware engineering in the region market- which has been acknowledged
regionally and has helped enhance buyer confidence. Aditya continues its drive
to set global benchmarks in supply, distribution and information security
through a combination of provider and industry-level initiatives and
strengthening the overall frameworks, creating greater awareness and
facilitating wider adoption of standards and best practices.
Subject is likely
to continue growing from strength to strength, as new ventures are incorporated
like Click - A multi brand retail shop for Laptops and Gadgets in IT which is
best in class and also attending some international conferences to get information
regarding new technology which updates the own and the customers technology and
knowledge.
Aditya is hoping
to achieve significant professional growth and a healthy supply and service
providing company in IT, they are sure with this instinct and be-follow system
they are definitely achieve the goal in coming years and they will be the fore
most distribution channel serving to IT for the valuable clients, partners and
customers.
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.44.96 |
|
|
1 |
Rs.73.57 |
|
Euro |
1 |
Rs.63.68 |
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
No |
|
--LISTED |
YES/NO |
No |
|
--OTHER MERIT FACTORS |
YES/NO |
Yes |
|
TOTAL |
|
45 |
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.