MIRA INFORM REPORT
|
Report Date : |
12.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUJATA COMPUTERS PRIVATE LIMITED |
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Registered
Office : |
66/2 Guruchaya Apartments, Nal Stop, Karve Road, Pune - 411004, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
06.05.1999 |
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Com. Reg. No.: |
25-013578 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.520
Million |
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|
CIN No.: [Company Identification
No.] |
U30007PN1999PTC013578 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Information technology solutions. |
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No. of Employees
: |
Information declined by management |
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 134000 |
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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. The
Management have fail to file financial for the year 2010-2011, 2011-2012. And
management have denied to disclose any information. However, from the previous year company performance seen to be good.
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
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
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 DECLINED
MANAGEMENT NON CO-OPERATIVE (91-20-40100300)
LOCATIONS
|
Registered Office : |
66/2 Guruchaya Apartments, Nal Stop, Karve Road, Pune -
411004, Maharashtra, India |
|
Tel. No.: |
91-20-25435613 / 25435618 / 25410928 / 25435613 / 25443661 / 40100700 |
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Fax No.: |
91-20-25443661 |
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E-Mail : |
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Website : |
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Area : |
3500 sq. ft. |
|
Location : |
Owned |
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Branches : |
125/B - 1, Tathwade, Taluka : Mulshi, Tel No. : 91-20-25456259 Other Branches
Located At: Ø Ø Ø Kolapur Ø Ø |
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Tel. No.: |
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Warehouse: |
Post Jhambhe Tal Mulshi, Pune - 411033, Maharashtra, India |
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Location : |
Rented |
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Pune Offices
(Division): |
(Software sales Division) Address: 42/2G, Raj, Dashbhuja Estate , Karve Road, Pune - 411038, Maharashtra, India Tel / Fax: 91-20-40100300 E-mail: shirish.surana@sujataindia.com
(Division of Sujata Computers Private Limited) Address: 42/2G, Raj, Dashbhuja Estate, Karve Road, Pune - 411038, Maharashtra, India Tel / Fax: 91-20-25450102 E-mail: ashish@sujataindia.com
(Division of Sujata Computers Private Limited) Address: 22,2nd Floor, Yamuna Building, Old Topiwala co-operative housing society, Topiwala lane, Dadasaheb Dhadkamkar Marg (Lamington Road), Mumbai - 400007, Maharashtra, India Tel -91-22-23866051 / 23866699 E-mail: meena@sujataindia.com |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Sumatilal Lodha |
|
Designation : |
Director |
|
Address : |
66/2 Guruchaya Apartments, Nal Stop, Karve Road, Pune -
411004, Maharashtra, India |
|
Date of Birth/Age : |
12.06.1957 |
|
Date of Appointment : |
06.05.1999 |
|
DIN No.: |
02304875 |
|
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Name : |
Mrs. Sujata Lodha |
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Designation : |
Director |
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Address : |
Flat No. 2, SR. No. 15A/1, Erandawana, Pune - 411004, Maharashtra,
India |
|
Date of Birth/Age : |
30.06.1963 |
|
Date of Appointment : |
06.05.1999 |
|
DIN No.: |
02313535 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Sumatilal Lodha |
|
30000 |
|
Sujata Lodha |
|
22000 |
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Total |
|
52000 |
AS ON 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Information technology solutions. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
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Bankers : |
Ø Bank of India,
Shivajinagar Branch, F P No. 36/1, Mumbai Pune Road, Wakadewadi, Pune –
411003, Maharashtra, India Ø Bank of
Maharashtra |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
SSSS and Associates Chartered Accountants |
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Address : |
574, Shaniwar Peth, Vishwaleela Society, Opp Kesari Wada, Pune –
411030, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AASFS9888A |
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 |
|
|
|
|
|
|
52,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.520
Million |
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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 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.520 |
0.520 |
0.520 |
|
|
2] Share Application Money |
0.306 |
0.306 |
0.306 |
|
|
3] Reserves & Surplus |
32.668 |
27.580 |
23.830 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
33.494 |
28.406 |
24.656 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
44.495 |
20.135 |
14.048 |
|
|
2] Unsecured Loans |
12.541 |
11.324 |
10.066 |
|
|
TOTAL BORROWING |
57.036 |
31.459 |
24.114 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
90.530 |
59.865 |
48.770 |
|
|
|
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|
APPLICATION OF FUNDS |
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|
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|
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FIXED ASSETS [Net Block] |
31.739 |
29.710 |
26.357 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.602 |
0.994 |
0.986 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
50.163
|
29.422 |
24.925 |
|
|
Sundry Debtors |
126.063
|
80.404 |
59.388 |
|
|
Cash & Bank Balances |
7.809
|
4.652 |
6.586 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.089
|
4.388 |
3.216 |
|
Total
Current Assets |
189.124
|
118.866 |
94.115 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
119.349
|
88.606 |
69.494 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
13.586
|
1.099 |
3.194 |
|
Total
Current Liabilities |
132.935
|
89.705 |
72.688 |
|
|
Net Current Assets |
56.189
|
29.161 |
21.427 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
90.530 |
59.865 |
48.770 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Sales |
795.800 |
665.500 |
609.100 |
|
|
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Other Income |
N.A. |
N.A. |
N.A. |
|
|
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TOTAL |
N.A. |
N.A. |
N.A. |
|
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|
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|
|
|
|
Less |
EXPENSES |
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|
|
|
|
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|
Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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|
|
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TOTAL |
N.A. |
N.A. |
N.A. |
|
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|
PROFIT BEFORE
TAX |
N.A. |
N.A. |
N.A. |
|
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|
|
|
|
|
Less |
TAX |
N.A. |
N.A. |
N.A. |
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|
|
|
|
|
|
PROFIT AFTER TAX
|
6.439 |
4.440 |
4.824
|
|
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|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
123.83 |
85.38 |
92.77 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.67 |
4.27 |
3.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
1.33 |
1.29 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors |
119.349
|
88.606 |
69.494 |
|
|
|
|
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
REVIEW OF
PERFORMANCE:
During the tenth year of operation of the company, the Gross Sales were
Rs. 795.800 Millions as compared to Rs. 665.500 Millions in previous year. The
company has earned a profit of Rs. 6.439 Millions as compared to the profit of
Rs. 4.440 Millions for the last year after debiting depreciation of around Rs.
2.928 Millions.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U30007PN1999PTC013578 |
|
Name of the
company |
SUJATA COMPUTERS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
66/2 Guruchaya Apartments, Nal Stop, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10254401 |
|
Type of charge |
Immovable
Property |
|
Particular of charge
holder |
Bank of India, Shivajinagar Branch, F P No. 36/1, Mumbai Pune Road,
Wakadewadi, Pune – 411003, Maharashtra, India
|
|
Nature of
description of the instrument creating or modifying the charge |
Continuing oral
assent |
|
Date of
instrument Creating the charge |
11.09.2012 |
|
Amount secured by
the charge |
Rs. 105.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest CC: 3.75% over
Base Rate, Minimum/Presently 14.25% p.a. with monthly rests BG: Normal
Charges or as notified by the bank from time to time Terms of Repayment CC & BG:
Repayment on Demand Margin CC: As per norms
of the Bank BG: 20% Extent and Operation of the charge First Charge on
mortgaged property Others Facility Existing
Limit Revised Limit 1.CC against
Stock Rs. 40.000 Millions Rs.55.000 Millions CC against BD Rs.40.000 Millions Rs.40.000 Millions ------------------------------------------------------------------------------------------- Maximum Fund
Based Limit Rs.70.000 Millions Rs.95.000 Millions 2. BG Limit ------ Rs.10.000 Millions Total Limit Of
Rs.105.000 Millions |
|
Short particulars
of the property charged |
All that piece
and parcel of the premises comprising of Two shops on eastern side having
East-West length 23 Feet and North-South width 25 Feet, totally adm.575
sq.fts. i.e. 53.41 sq. mtrs. (Built up) on the Ground Floor in the Building
Known as "Guruchaya" situated at C.T.S. No.44, Final Plot No.66,
adm. about 1097 sq. mtrs. at Revenue Village Erandwana, Tal Haveli, District
Pune. All that piece
and parcel of "Flat No.2" adm. an area of 540 sq. ft. i.e. 50.18
sq. mtrs. (Built up on Ground Floor in the Building "B" Known as
"Anandmayee Apartment" alongwith exclusive right to use car parking
space situated at C.T.S. No.15/A-1/2/4 of village Erandwana, Tal. Haveli,
District Pune. All that piece
and parcel of S.No.42A/1A/2G, Sub-Plot No.3 (part), adm. about 2578.25 sq.
fts. out of 5,500 Sq. fts. (513.65 Sq.Mtrs.) at Revenue Village Erandwana,
Tal. Haveli, Dist. Pune together with house/Bungalow adm. 900 sq.ft. (Built
up) & with all furniture with it known as "Raj" Bungalow,
together with easements appurtenant thereto and structure standing/ to be
constructed All that piece
& parcel of "Flat No.34" adm.an area of 770 sq. fts. i.e 71.56
sq.mtrs. (Built Up) with attached Terrace on Fourth Floor in the Building
Known as "Indira Shankar Nagari Pushakar No.2 Co-operative Housing Society
Limited situated at S.No.94/2/1, 94/8/1, 94/9, 94/1/A/1, 94/13, 95/1C, 95/3,
95/2/1, 94/1A/2, 94/2/2, 95/1D, 95/2/2, 81/4B, 94/1A/3A, 94/1A/3B, 95/2/3,
95/1E adm. an area of 1000 sq. mtrs along with F.S.I. adm. an area 1210 sq.
mtrs. is shown out of the S. No.94/2/2, at Kothrud, Tal. Haveli, Dist. Pune.
However as per the layout of - S. No. 94/2/1, 941/A/1, 94/3/2, 94/8/1, 94/9,
94/13, 5/1C, 95/3 and 95/2/1 Kothrud, Pune
|
|
Particulars of
the present modification |
Vide this
modification, the Bank has enhanced the facilities of the company from
Rs.70.000 Millions to Rs.105.000 Millions and the security of immovable
property is extended to secure the limit of Rs. 105.000 Millions granted by
the bank to the company. |
FIXED ASSETS:
Ø Plant and Machinery
Ø Office Equipments
Ø Furniture and Fixture
Ø Vehicles
Ø Land and Building
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 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. 54.32 |
|
|
1 |
Rs. 87.36 |
|
Euro |
1 |
Rs. 70.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BVA |
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.