MIRA
INFORM REPORT
|
Report Date : |
06.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
GENESIS DATACOMP PRIVATE LIMITED |
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Registered
Office : |
Shop No. 61 and 62, 1st Floor, Hi |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
03.06.1994 |
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Com. Reg. No.: |
11-078748 |
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Capital
Investment/ Paid-up Capital: |
Rs.0.475 Million |
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CIN No.: [Company Identification
No.] |
U72900MH1994PTC078748 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of providing CAD/CAM Solutions to the
Building and Construction Industry. |
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No. of
Employees: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 23000 |
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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 track record. The
latest financial is missing from government department. However, from the previous year record the company seem to be having
satisfactory record. Trade relations are reported to be fair. Business is
active. Payments 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 PARTED BY
|
Name : |
Mr. Santosh |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-33078500 |
|
Date : |
01.12.2012 |
LOCATIONS
|
Registered Office : |
Shop No. 61 and 62, 1st Floor, Hi |
|
Tel. No.: |
91-22-26611093 |
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Fax No.: |
91-22-26186915 |
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E-Mail : |
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Website : |
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Area : |
377 Sq.ft |
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Location : |
Rented |
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Administrative Office : |
2-A, Sangam, 14-B, |
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Tel. No.: |
91-22-26182026 |
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Fax No.: |
91-22-26186915 |
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E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sharad Khachoji Hulji |
|
Designation : |
Whole-Time Director |
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Address : |
10, Vrinda, |
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Date of Birth/Age : |
06.05.1964 |
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Date of Appointment : |
03.06.1994 |
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Din No.: |
00638258 |
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Name : |
Mrs. Seema Sharad Hulji |
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Designation : |
Whole-Time Director |
|
Address : |
10, Vrinda, |
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Date of Birth/Age : |
28.03.1971 |
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Date of Appointment : |
03.12.2002 |
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Din No.: |
00638283 |
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KEY EXECUTIVES
|
Name : |
Mr. Satish Jadhav |
|
Designation : |
Senior Product Manager |
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Name : |
Mr. Irfan Shaikh |
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Designation : |
Support - Building Solutions |
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Name : |
Mr. Naresh Pednekar |
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Designation : |
Support-Building Solutions |
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Name : |
Ms. Neetika Dhawan |
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Designation : |
Training Sales Co-Ordinator |
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Name : |
Mr. Santosh |
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Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Sharad Khachoji Hulji |
|
38000 |
|
Mrs. Seema Sharad Hulji |
|
4750 |
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Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
|
Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of providing CAD/CAM Solutions to
the Building and Construction Industry.
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Supplier: |
·
Redington ( ·
Ingram Micro India Private Limited |
|
|
|
|
Customers : |
End users ·
ACME Refrigration Company ·
Autodesk India Private Limited ·
Citec Engineering India Private Limited ·
DATA Force ·
Embee Software Private Limited ·
Frischmann Prabhu ·
Galaxy Surfactants Limited ·
Gherzi Eastern Limited ·
HBO+EMTB ·
Heurtey Petrochem India Private Limited ·
Imsofer Manufacturing India Private Limited ·
Infoline Systems ·
Johnson and Johnson ·
Kiran Gala and Associates |
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No. of Employees : |
25 (Approximately) |
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|
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Bankers : |
·
Saraswat Co –Operative Bank ·
Bank of ·
HDFC Bank ·
Citi Bank |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Wellings and Associates Chartered Accountant |
|
Address : |
H/16, Saraswat Colony, SItaldevi Temple Road, Mahim – 400016, Mumbai
-400016, Maharashtra, India |
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Pan No.: |
AAFPW9272K |
CAPITAL STRUCTURE
As on 30.09.2011
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 :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47500 |
Equity Shares |
Rs.10/- each |
Rs.0.475
Million |
|
|
|
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|
Note: 15100 Shares of Rs.10/- each issued for consideration under than
cash
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.475 |
0.475 |
0.475 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.00 |
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|
3] Reserves & Surplus |
5.303 |
3.243 |
2.493 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5.778 |
3.718 |
2.968 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.069 |
0.097 |
0.087 |
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|
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TOTAL |
5.847 |
3.815 |
3.055 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.755 |
0.742 |
0.633 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.016 |
0.016 |
0.016 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.534
|
0.012 |
1.117 |
|
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Sundry Debtors |
5.978
|
3.893 |
2.148 |
|
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Cash & Bank Balances |
3.322
|
3.205 |
2.685 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
9.235
|
4.655 |
2.888 |
|
Total
Current Assets |
19.069
|
11.765 |
8.838 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditors |
13.242
|
7.727 |
5.812 |
|
|
Other Current Liabilities |
0.751
|
0.981 |
0.620 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
13.993
|
8.708 |
6.432 |
|
|
Net Current Assets |
5.076
|
3.057 |
2.406 |
|
|
|
|
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|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
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TOTAL |
5.847 |
3.815 |
3.055 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
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SALES |
|
|
|
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Sales |
68.887 |
|
|
|
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Service Income |
21.518 |
14.364 |
|
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Training Income |
4.451 |
3.193 |
|
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Other Income |
3.351 |
2.675 |
|
|
|
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TOTAL (A) |
98.207 |
56.664 |
NA |
|
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
80.871 |
45.950 |
|
|
|
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Personal costs |
7.733 |
5.199 |
|
|
|
|
Selling and administrative other expenses |
7.752 |
3.317 |
|
|
|
|
Increase/ (Decrease) in stock |
(0.523) |
1.105 |
|
|
|
|
TOTAL (B) |
95.833 |
55.571 |
NA |
|
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.374 |
1.093 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.055 |
0.038 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.319 |
1.055 |
2.212 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.287 |
0.295 |
0.270 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.032 |
0.760 |
1.942 |
|
|
|
|
|
|
|
|
|
Add |
REDUCTION IN
DEFERRED TAX LIABILITY (H) |
0.027 |
(0.010) |
(0.713) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.059 |
0.750 |
1.229 |
|
|
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.729 |
1.979 |
1.418 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
|
|
|
0.300 |
|
|
|
Dividend |
NA |
NA |
0.312 |
|
|
|
Tax on Dividend |
|
|
0.056 |
|
|
BALANCE CARRIED
TO THE B/S |
4.788 |
2.729 |
1.979 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
43.35 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.10 |
1.32 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.95 |
2.09 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.25 |
6.08 |
20.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.20 |
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.42 |
2.34 |
2.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.35 |
1.37 |
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 |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last two 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 |
No |
|
Major
Suppliers |
Yes |
|
Major
Customers |
Yes |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
No |
|
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 |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Sundry Creditors for goods |
7.747 |
4.799 |
3.469 |
|
Sundry Creditors for Enterprises |
5.495 |
2.928 |
2.343 |
|
|
|
|
|
|
Total |
13.242 |
7.727 |
5.812 |
COMMENTS:
The Turnover of
the Company has increased by 89%, as compared to last year. Also Service Income
and training fees have increased substantially by 50% and 39.42% respectively. Due
to which profit margin has increased by 117% as compared to last financial
year. This is due to proper implementation of marketing strategies by the
company & introduction of cost control measures.
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 ction.
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.54.57 |
|
|
1 |
Rs.87.90 |
|
Euro |
1 |
Rs.71.53 |
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 |
NO |
|
--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.