MIRA
INFORM REPORT
|
Report Date : |
02.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
ONE NETWORK INDIA PRIVATE LIMITED [w.e.f. 14.02.2002] |
|
|
|
|
Formerly Known
As : |
SANDEEP SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
303, Amore, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
19.12.1997 |
|
|
|
|
Com. Reg. No.: |
11-112570 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH1997PTC112570 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO03134F MUMO05262F MUMO03067B |
|
|
|
|
PAN : |
AAACO5313K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Trading of IT Products |
|
|
|
|
No. of Employees
: |
25 [In Office] Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba [45] |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
USD 18000 |
|
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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.
INFORMATION PARTED BY
|
Name : |
Mrs. Anuradha |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9987202261 |
|
Date : |
01.11.2011 |
LOCATIONS
|
Registered / Corporate Office : |
303, Amore, |
|
Tel. No.: |
91-22-26490008 / 26465474 |
|
Mobile No.: |
91-9987202261 [Mrs. Anuradha] |
|
Fax No.: |
91-22-26056300 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Located at
|
|
|
|
|
Branch Office : |
Located at
|
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Shyam Sadhuram Basantani |
|
Designation : |
Director |
|
Address : |
9, Mudheshwari CHS No.2, 56, Off |
|
Date of Birth/Age : |
05.09.1941 |
|
Date of Appointment : |
29.09.2003 |
|
DIN : |
01335023 |
|
|
|
|
Name : |
Mrs. Anuradha Sanjay Makhija |
|
Designation : |
Director |
|
Address : |
102, 36D, New Shiv Leela CHS, |
|
Date of Birth/Age : |
28.05.1969 |
|
Date of Appointment : |
29.09.2003 |
|
DIN : |
01335102 |
|
|
|
|
Name : |
Mr. Sanjay Shyamlal Makhija |
|
Designation : |
Director |
|
Address : |
102, 36D, New Shiv Leela CHS, |
|
Date of Birth/Age : |
29.10.1965 |
|
Date of Appointment : |
29.09.2003 |
|
DIN : |
01335148 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Anuradha Sanjay Makhija |
|
45000 |
|
Sanjay Shyamlal Makhija |
|
45000 |
|
Total |
|
90000 |
As on 30.09.2010
|
Equity Share
Break Up Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Trading of IT Products |
|
|
|
|
Terms : |
|
|
Selling : |
L/C / Cash / Credit |
|
|
|
|
Purchasing : |
L/C / Cash / Credit |
GENERAL INFORMATION
|
Customers : |
End Users Finance
Bandwidth and
Telecom
Banking
System Integrators
Manufacturing
Transaction Service
Providers
Pharmaceutical
Others
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
25 [In Office] Approximately |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chandiramani and Company Chartered Accountants |
|
Address : |
B/104, |
|
PAN : |
AABPC1521H |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90,000 |
Equity Shares |
Rs.10/- each |
Rs.0.900 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.900 |
0.900 |
0.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3.641 |
2.628 |
2.187 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4.541 |
3.528 |
3.087 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
13.091 |
4.760 |
1.559 |
|
|
2] Unsecured Loans |
1.277 |
0.699 |
1.069 |
|
|
TOTAL BORROWING |
14.368 |
5.459 |
2.628 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
18.909 |
8.987 |
5.715 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.777 |
4.254 |
2.083 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.163 |
0.163 |
0.163 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.435
|
1.574 |
0.853 |
|
|
Sundry Debtors |
9.515
|
4.261 |
16.401 |
|
|
Cash & Bank Balances |
0.261
|
0.541 |
0.782 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
11.697
|
4.844 |
1.745 |
|
Total
Current Assets |
23.908
|
11.220 |
19.781 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.076
|
3.598 |
15.208 |
|
|
Other Current Liabilities |
2.323
|
2.030 |
0.550 |
|
|
Provisions |
0.540
|
1.022 |
0.556 |
|
Total
Current Liabilities |
8.939
|
6.650 |
16.314 |
|
|
Net Current Assets |
14.969
|
4.570 |
3.467 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
18.909 |
8.987 |
5.715 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
57.513 |
47.350 |
|
|
|
|
Other Income |
0.102 |
0.000 |
|
|
|
|
TOTAL (A) |
57.615 |
47.350 |
46.099 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of sales |
39.877 |
30.505 |
|
|
|
|
Employees Emolument and Benefits |
6.692 |
8.061 |
44.706 |
|
|
|
Rent and Administration |
5.330 |
4.695 |
[Including
finance and depreciation] |
|
|
|
Selling and Advertisement |
1.818 |
1.620 |
|
|
|
|
TOTAL (B) |
53.717 |
44.881 |
44.706 |
|
|
|
|
|
|
|
|
|
PROFIT/[LOSS]
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.898 |
2.469 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.332 |
0.505 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/[LOSS]
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.566 |
1.964 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.820 |
0.666 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / [LOSS] BEFORE
TAX (E-F) (G) |
1.746 |
1.298 |
1.393 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.733 |
0.857 |
0.598 |
|
|
|
|
|
|
|
|
|
|
PROFIT / [LOSS]
AFTER TAX (G-H) (I) |
1.013 |
0.441 |
0.795 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.628 |
2.187 |
1.392 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.641 |
2.628 |
2.187 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.288 |
1.351 |
4.099 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
10.138 |
0.524 |
NA |
|
|
TOTAL IMPORTS |
10.138 |
0.524 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/[Loss]
Per Share (Rs.) |
11.25 |
4.90 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.76
|
0.93 |
1.72 |
|
|
|
|
|
|
|
(PBT/Sales) |
(%) |
3.03
|
2.74 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.31
|
8.39 |
6.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.37 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.13
|
3.43 |
6.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.67
|
1.69 |
1.21 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry
Creditors :
Rs. In millions
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors - Goods |
4.380
|
2.439 |
13.963 |
|
Sundry Creditors – Expenses |
1.696
|
1.159 |
1.245 |
|
Total |
6.076
|
3.598 |
15.208 |
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Construction
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
- |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
No |
|
Profitability
for last three years |
No |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
No |
|
Details
of sister concerns |
- |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
- |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
- |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
No |
|
Incorporation
details, if applicable |
- |
|
Last
accounts filed at ROC |
- |
|
Major
Shareholders, if applicable |
- |
Note : Registered office
address of the company has been shifted from 285, Chaturbhuj Jivandashouse, Near Parsi
Dairy,
Bankers Charges
Report as per Registry
|
Name of the company |
ONE NETWORK INDIA PRIVATE LIMITED |
|
Presented By |
Janakalyan
Sahakari Bank Limited |
|
1) Date and description of instrument creating the change |
Agreement of Hypothecation of Stock and Bookdebts dated
25.11.2005 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.1.000 million |
|
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 by way of first charge in favour
of the Bank : Stock of - System integration
related. And all stock in trade, raw
material, goods in process and semi-manufactured and manufactured goods, semi
finished and finished products and all other tangible / movable property now
or any time hereafter
belonging to the Borrower/s and lying and lying loose or in case or being and
lying at the Companies Office Premises situated at 285, C.J House, 1st Floor, Marine Lines, Mumbai or
at such other place/places from time to time and all other tangible/movable properties spares, |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Facility : 1. Add. Cash Credit
Limit : Rs.1.000 million Margin : 25%
R.O.I. :12% |
|
5) Name and Address and description of the person entitled to the charge. |
Janakalyan Sahakari Bank
Limited, 140, Vivek Darshan, Sindhi Society, Opposite Bhakti Bhavan, Chembur,
Mumbai - 400071, |
|
6) Date and brief description of instrument modifying the charge |
N.A. |
|
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. |
N.A. |
FIXED ASSETS :
§
Furniture and Fixtures
§
Computer
§
Office Equipments
§
Vehicles
§
Motor Car
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.49.07 |
|
|
1 |
Rs.78.78 |
|
Euro |
1 |
Rs.67.75 |
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.