MIRA
INFORM REPORT
|
Report Date : |
05.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHAWMAN SOFTWARE PRIVATE LIMITED |
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Registered
Office : |
640-B, Khorshed Villa, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
05.04.2007 |
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Com. Reg. No.: |
11-169715 |
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Capital
Investment/ Paid-up Capital: |
Rs.1.514 Millions |
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CIN No.: [Company Identification
No.] |
U72900MH2007PTC169715 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS55625D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing services of developing, installing
and maintenance of the software to the hospitality, food services and various
other general industry segments and also to carry out the trading in hardware
and software. |
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No. of
Employees: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 241000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate tack record. The financial
for the year 2010 -2011, 2011-2012 is missing from government
department. And from the previous year record there appears loss recorded by the
company. However, trade relations are reported to be fair. Business is
active. Payment are reported to be unknown. The company can be considered for business dealing with some
caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Ms. Hutokhsi |
|
Designation : |
Accounts Manager |
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Date : |
05.12.2012 |
LOCATIONS
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Registered Office/Corporate Office : |
640-B, Khorshed Villa, |
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Tel. No.: |
91-22-24150832/2411 6220/24113018 |
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Fax No.: |
91-22-24165961 |
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E-Mail : |
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Unit no.209, 210 & 211, Building No. 2(A-3), Millennium Business
Park, Sector No.1, Mahape Navi Mumbai – 400709, Maharashtra India. |
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Tel. No.: |
91-22-67230303 |
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Fax No.: |
91-22-67230465 |
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Website : |
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Our Support Centers : |
Located At ·
·
Pune ·
·
·
Kolkata ·
·
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DIRECTORS
As on 23.09.2011
|
Name : |
Mr. Jamshed Pesi Shaw |
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Designation : |
Director |
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Address : |
640 - B, Khorshed Villa, |
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Date of Birth/Age : |
19.06.1965 |
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Qualification: |
B.Com, PDAHM |
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Date of Appointment : |
05.04.2007 |
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Din No.: |
00562773 |
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Name : |
Mr. Fida Jamshed Shaw |
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Designation : |
Director |
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Address : |
640 - B, Khorshed Villa, |
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Date of Birth/Age : |
24.01.1963 |
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Date of Appointment : |
05.04.2007 |
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Din No.: |
00925407 |
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Name : |
Mr. Dev Francis Pinto |
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Designation : |
Director |
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Address : |
Flat 1, |
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Date of Birth/Age : |
18.10.1974 |
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Date of Appointment : |
10.06.2008 |
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Din No.: |
01539684 |
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Name : |
Mr. Francis Joseph Pinto |
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Designation : |
Director |
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Address : |
6 |
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Date of Birth/Age : |
03.11.1942 |
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Date of Appointment : |
10.06.2008 |
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Din No.: |
01844138 |
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Name : |
Mr. Mama Reyaz Ratan |
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Designation : |
Director |
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Address : |
Poornima Building 40-C, Ridge Road, B. G.
Kher Marg, Malabar Hill, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
17.11.1966 |
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Date of Appointment : |
10.06.2008 |
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Din No.: |
02130452 |
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Name : |
Mr. Yegya Shekar |
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Designation : |
Director |
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Address : |
047, Diamond District, |
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Date of Birth/Age : |
10.10.1962 |
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Qualification: |
B.Sc., MMS |
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Date of Appointment : |
10.06.2008 |
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Din No.: |
02269882 |
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Name : |
Mr. Ghani Pervin |
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Designation : |
Director |
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Address : |
2nd Floor, S 2, Building C, Garden, Colony,
Soonawala Agiary Marg, Mahim, Mumbai – 400016, |
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Date of Birth/Age : |
22.09.1960 |
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Date of Appointment : |
10.06.2008 |
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Din No.: |
02277170 |
KEY EXECUTIVES
|
Name : |
Ms. Hutokhsi |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.09.2011
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Names of Shareholders |
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No. of Shares |
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Jamshed Pesi Shaw |
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108299 |
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Fida Jamshed Shaw |
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2200 |
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Francis Joseph Pinto |
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40870 |
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Jasmine
Daruwalla |
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1 |
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Total |
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151370 |
Equity Share Break up (Percentage of Total Equity)
As on 23.09.2011
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Category |
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Percentage |
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Directors or relatives of directors |
|
99.99 |
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Other top fifty shareholders |
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0.01 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing services of developing, installing
and maintenance of the software to the hospitality, food services and various
other general industry segments and also to carry out the trading in hardware
and software. |
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GENERAL INFORMATION
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No. of Employees : |
Information denied by management |
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Bankers : |
The Zoroastrian Co-Operative Bank Limited, Dadar Branch, 658, Khorshed Abad, Katrak Road, Parsi Colony, Dadar (East),, Mumbai - 400014, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Bhandari Dastur Gupta and
Associates Chartered Accountant |
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Address : |
210, 2nd Floor, Ashoka Shopping Centre, |
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Pan No.: |
AADFB3359C |
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Subsidiaries : |
·
Shawman Far East Pte Limited ·
Shaw Hospitality Private Limited. CIN No.:U55101mh2008ptc187236 ·
Sol Hospitality Limited CIN
No.:U55101mh2009plc190137 ·
Bona Sera Hotels Limited CIN
No.:U55101mh2008plc185253 |
CAPITAL STRUCTURE
As on 23.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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151370 |
Equity Shares |
Rs.10/- each |
Ra. 1.514
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
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 |
1.514 |
1.514 |
1.245 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
61.718 |
70.284 |
10.897 |
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4] (Accumulated Losses) |
(2.924) |
0.000 |
0.000 |
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NETWORTH |
60.308 |
71.798 |
12.142 |
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LOAN FUNDS |
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1] Secured Loans |
73.952 |
12.429 |
0.915 |
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2] Unsecured Loans |
19.138 |
9.483 |
2.432 |
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TOTAL BORROWING |
93.090 |
21.912 |
3.347 |
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DEFERRED TAX LIABILITIES |
0.000 |
1.686 |
0.196 |
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TOTAL |
153.398 |
95.396 |
15.685 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
29.637 |
19.311 |
4.660 |
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Capital work-in-progress |
0.000 |
5.618 |
0.000 |
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INVESTMENT |
49.801 |
0.646 |
0.100 |
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DEFERREX TAX ASSETS |
3.976 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.636
|
0.610 |
0.432 |
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Sundry Debtors |
19.680
|
16.594 |
16.422 |
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Cash & Bank Balances |
15.331
|
0.488 |
0.635 |
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Other Current Assets |
1.018
|
0.559 |
5.329 |
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Loans & Advances |
46.854
|
71.075 |
0.141 |
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Total
Current Assets |
83.519
|
89.326 |
22.959 |
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
10.225
|
15.610 |
9.365 |
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Other Current Liabilities |
3.310
|
3.895 |
2.669 |
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Provisions |
0.000
|
0.000 |
0.000 |
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Total
Current Liabilities |
13.535
|
19.505 |
12.034 |
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Net Current Assets |
69.984
|
69.821 |
10.925 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
153.398 |
95.396 |
15.685 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
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Other Income |
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TOTAL |
103.987 |
122.815 |
81.598 |
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Less |
EXPENSES |
121.140 |
111.088 |
79.650 |
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PROFIT/(LOSS)
BEFORE TAX |
(17.153) |
11.727 |
1.948 |
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Less |
TAX |
(5.663) |
4.154 |
0.956 |
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PROFIT/(LOSS)
AFTER TAX |
(11.490) |
7.573 |
0.992 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
8.566 |
0.992 |
0.000 |
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BALANCE CARRIED
TO THE B/S |
2.923 |
8.566 |
0.992 |
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Earnings Per
Share (Rs.) |
(75.89) |
- |
- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
11.04 |
6.17 |
1.22 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
(15.16) |
10.79 |
7.05 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.16 |
0.16 |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
1.77 |
0.58 |
1.27 |
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Current Ratio (Current Asset/Current Liability) |
|
6.17 |
4.58 |
1.91 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
No |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
No |
|
Major
Shareholders, if applicable |
Yes |
|
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
External Agency
Rating, if available |
No |
SUNDRY CREDITORS
DETAILS:
(Rs. In Millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors for goods (Due to Micro Enterprises and
Small Enterprises) |
1.922 |
2.654 |
0.012 |
|
Sundry Creditors for Capital Expenditures |
1.500 |
1.510 |
1.500 |
|
Sundry Creditors for expenses |
6.803 |
11.446 |
7.853 |
|
|
|
|
|
|
Total |
10.225 |
15.610 |
9.365 |
BACKGROUND OF THE COMPANY
Subject was incorporated on 5th
April 2007 with primary object of providing services of developing, installing and
maintenance of the software to the hospitality, food services and various other
general industry segments and also to carry out the trading in hardware and
software
FIXED ASSETS:
Tangible Assets
·
Furniture and Fixtures
·
Computers
·
Air Conditioner
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 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 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.54.95 |
|
|
1 |
Rs.88.42 |
|
Euro |
1 |
Rs.71.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.