MIRA
INFORM REPORT
|
Report Date : |
11.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
CYBER PERIPHERALS PRIVATE LIMITED |
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Registered Office : |
Disha Tarangan Apartment, New Osmanpura, |
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Country : |
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Financials (as on) : |
31.03.2009 |
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Date of Incorporation : |
19.03.1999 |
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Com. Reg. No.: |
11-119016 |
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CIN No.: [Company
Identification No.] |
U72900MH1999PTC119016 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader of Computer and Computer Peripherals, they also providing
Networking Solution. |
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 14092 |
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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) |
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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. Vilas Khobre |
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Designation : |
Accountant |
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Contact No.: |
91-240-2350105 |
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Date : |
10.03.2011 |
LOCATIONS
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Registered Office : |
Disha Tarangan Apartment, New Osmanpura, |
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Tel. No.: |
91-240-2350105/ 2341205 |
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Mobile No.: |
91-9822267575 (Mr. Pramod) |
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E-Mail : |
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Area : |
600 sq ft |
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Location : |
Owned |
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Head Office : |
Shop No.1 to 6, Ashirwad Complex, Opposite Sant Eknath Rang Mandir,
Osmanpura, |
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Tel. No.: |
91-240-2350105 |
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Fax No.: |
91-240-2350105 |
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Area : |
2250 sq ft |
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Location : |
Owned |
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Warehouse : |
141, Chape Niwas, At Post Valadgaon, MIDC Waluj, Aurangabad District, |
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Area : |
1000 Sq. Ft. |
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Location : |
Rented |
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Branches : |
Located at:
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DIRECTORS
AS ON 27.09.2010
|
Name : |
Mr. Pramod Prakash Dere |
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Designation : |
Director |
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Address : |
Disha Tarangan Apartment, Behind Gurudwara, Osmnanpura, |
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Date of Birth/Age : |
01.06.1969 |
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Qualification : |
B.Com, MBA |
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Date of Appointment : |
19.03.1999 |
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Name : |
Mrs. Vaishali Pramod Dere |
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Designation : |
Director |
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Address : |
Flat No. 5, Disha Pushpa Apartment, Near |
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Date of Birth/Age : |
12.12.1976 |
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Qualification : |
B.Com and BA |
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Date of Appointment : |
19.03.1999 |
KEY EXECUTIVES
|
Name : |
Mr. Vilas Khobre |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2010
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Names of Shareholders |
|
No. of Shares |
|
Pramod Prakash Dere |
|
24197 |
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Vaishali Pramod Dere |
|
24800 |
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Vinod Ashok Dere |
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1 |
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Rajkumar Nemichand Dere |
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1 |
|
Sunil Jaikumar Lambarde |
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1 |
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Total |
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49000 |
AS ON 27.09.2010
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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 : |
Trader of Computer and Computer Peripherals, they also providing
Networking Solution. |
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Agencies Held : |
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Terms : |
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Selling : |
Cash and Credit 30 days |
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Purchasing : |
Cash and Credit 15/ 30 days |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers, End Users, OEM’s |
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No. of Employees : |
14 |
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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 : |
Ashok Patil and Associates Chartered Accountants |
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Address : |
201, Veer Shanti, Kranti Chowk, |
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Associates/Subsidiaries : |
Name: Cyber Systems Address: Shop No.1 to 6, Ashirwad Complex, Opposite Sant Eknath Rang Mandir,
Osmanpura, Line of Business: Service Provider |
CAPITAL STRUCTURE
AS ON 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
49000 |
Equity Shares |
Rs.10/- each
|
Rs.0.490
million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
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|
31.03.2010 |
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Sales Turnover (Approximately) |
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|
210.000 |
Expected Sales (2010-11): Approximately Rs.220.000 Millions
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.490 |
0.490 |
0.490 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
3.033 |
2.217 |
1.551 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3.523 |
2.707 |
2.041 |
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LOAN FUNDS |
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1] Secured Loans |
3.782 |
6.787 |
7.148 |
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2] Unsecured Loans |
0.100 |
0.410 |
0.532 |
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TOTAL BORROWING |
3.882 |
7.197 |
7.680 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
7.405 |
9.904 |
9.721 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.354 |
2.474 |
3.007 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.001 |
0.081 |
0.107 |
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DEFERREX TAX ASSETS |
0.041 |
0.021 |
0.011 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
10.550
|
10.076 |
7.210 |
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Sundry Debtors |
14.931
|
12.195 |
17.090 |
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Cash & Bank Balances |
1.032
|
0.325 |
0.412 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans, Advances & Deposits |
1.147
|
0.917 |
0.716 |
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Total
Current Assets |
27.660
|
23.513 |
25.428 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.000
|
0.000 |
0.000 |
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Other Current Liabilities |
21.479
|
15.468 |
18.122 |
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Provisions |
1.173
|
0.721 |
0.715 |
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Total
Current Liabilities |
22.652
|
16.189 |
18.837 |
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Net Current Assets |
5.008
|
7.324 |
6.591 |
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MISCELLANEOUS EXPENSES |
0.002 |
0.004 |
0.005 |
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TOTAL |
7.405 |
9.904 |
9.721 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SALES |
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Income |
192.929 |
162.853 |
148.902 |
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Other Income |
1.595 |
0.036 |
0.091 |
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TOTAL |
194.524 |
162.889 |
148.993 |
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Less |
EXPENSES |
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TOTAL |
NA |
NA |
NA |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.653 |
1.453 |
1.210 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.368 |
0.430 |
0.314 |
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PROFIT BEFORE
TAX |
1.285 |
1.023 |
0.896 |
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Less |
TAX |
0.470 |
0.356 |
0.345 |
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PROFIT AFTER TAX |
0.815 |
0.667 |
0.551 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
0.42
|
0.41 |
0.37 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.67
|
0.63 |
0.60 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
4.28
|
3.94 |
3.15 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.38 |
0.44 |
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Debt Equity Ratio (Total Liability/Networth) |
|
7.53
|
8.64 |
12.99 |
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Current Ratio (Current Asset/Current Liability) |
|
1.22
|
1.45 |
1.35 |
LOCAL AGENCY FURTHER INFORMATION
PERFORMANCE AND FINANCIAL RESULTS
During this year the Company has achieved turnover of Rs.192.929 millions as compared to last year’s turnover of Rs.162.853 millions, and has earned cash profit of Rs.1.653 millions as against cash profit of Rs.1.453 millions of last year.
Form 8:
|
Name of the company |
CYBER PERIPHERALS PRIVATE LIMITED |
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Presented By |
Mr. Pramod
Prakash Dere |
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1) Date and description of instrument creating the change |
22.01.2001 a) LD-11 i.e.
Hypothecation of Stock of Goods b) LD-16
Hypothecation of Book Debts |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.0.700 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 |
Hypothecation of
Stock –in trade and book debts |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Margin 25% Rate of Interest
6.5% over PLR with minimum of 15.5% with guaranty note. |
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5) Name and Address and description of the person entitled to the charge. |
Oriental Bank of Commerce, 2nd Floor, Khatod Complex,
Nirala Bazar, Opposite S.B College, Aurangabad-431001, Maharashtra, India |
|
6) Date and brief description of instrument modifying the charge |
Now Present Modification
:- Dated 20.05.2004 Cash Credit
enhanced From Rs.1.500 Million To Rs.2.000
Millions LD-13-
Supplemental Agreement LD-16- Agreement
of Hypothecation of Book Debts |
|
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. |
Cash Credit Limit
(hypothecation) enhanced by Rs.0.500 Million form Rs.1.500 Millions to
Rs.2.000 Millions Rate of Interest
11% p.a. with monthly rests. |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90159035 |
|
Corporate
identity number of the company |
U72900MH1999PTC119016 |
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Name of the
company |
CYBER PERIPHERALS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
Disha Tarangan Apartment, New Osmanpura, |
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Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
Oriental Bank of Commerce, 2nd Floor, Khatod Complex,
Nirala Bazar, Opposite S.B College, Aurangabad – 431 001, Maharashtra, India E-Mail: edp_pun@obc.co.in |
|
Nature of description
of the instrument creating or modifying the charge |
Supplemental
Agreement to cash Credit/ Loan Facility, Now Present modification Cash Credit
Limit, Hypothecation enhanced by 1.000 Million i.e. from Rs.2.000 Millions to
Rs.3.000 Millions Rate of Interest 1% ( Bank’s Spread) over PLR (Present PLR
of the bank is 11.50%) which works out at 12.50% at present with monthly
rests. |
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Date of
instrument Creating the charge |
19.08.2006 |
|
Amount secured by
the charge |
Rs.3.000 Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Rate of Interest
1% (Bank’s spread) over PLR (Present PLR of the bank is 11.50%) which works
out at 12.50% at present with monthly rests. Terms of
Repayment Repayment Margin 30% Extent and
Operation of the charge 100% |
|
Short particulars
of the property charged |
Hypothecation of
Stock of the Computer and peripheral accessories and receivables of the
company (not other than 90 days) |
|
Date of latest
modification prior to the present modification |
20.05.2004 |
|
Particulars of
the present modification |
Now Present
modification dated 19.09.2006 Cash Credit enhanced From 2.000 Millions to
Rs.3.000 Millions LD 13 supplemental agreement |
TRADE REFERENCES:
- Redingtion
India Limited
FIXED ASSETS:
· Shop at Kuber Apartments
· Shot at Ahirwad Apartments
· Shot Interior – WIP
· Furniture and Fixtures
· Computer
· Office Equipments
· Vehicles
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.45.11 |
|
|
1 |
Rs.72.90 |
|
Euro |
1 |
Rs.62.56 |
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 |
YES |
|
--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.