|
Report Date : |
27.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
S. B. DATA SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
10B Abbas Building, Jalabhai Street, Near Dream Land, Cinema, Grant
Road (E), Mumbai – 400004, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.07.1997 |
|
|
|
|
Com. Reg. No.: |
11-109612 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH1997PTC109612 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing services for a wide range of computer hardware
that includes hardware services like speakers, headphones, cabinets, ups,
keyboards, mouse, webcams |
|
|
|
|
No. of Employees : |
Information not divulged by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 24076 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track. There appears
continues dip in the turnover of the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow but
correct. The company can be considered normal for business dealings 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.
INFORMATION DECLINED BY
The Management non cooperative
LOCATIONS
|
Registered Office/ Head Office : |
10B Abbas Bulding, Jalabhai Street, Near Dream Land, Cinema, Grant
Road (E), Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22-2381 4000 |
|
Fax No.: |
91-22-2380 8626 |
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E-Mail : |
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|
Website : |
|
|
|
|
|
Branches : |
Dhanshri Complex, Gala No. 3B, 1st Floor, P G Solanki Path
No.10 (Gass Gali) |
|
Tel. No.: |
91-22-23053334/5/66228700 (100 Lines) |
|
Fax No.: |
91-22-66228710 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Kishore Bhagwandas Jeswani |
|
Designation : |
Director |
|
Address : |
501/F, Pine Wood Apartments, |
|
Date of Birth/Age : |
07.12.1966 |
|
Date of Appointment : |
24.07.1997 |
|
DIN No. : |
01153889 |
|
|
|
|
Name : |
Mr. Ashok Bhagwandas Jeswani |
|
Designation : |
Director |
|
Address : |
301/C, |
|
Date of Birth/Age : |
01.06.1964 |
|
Date of Appointment : |
03.02.2011 |
|
DIN No. : |
00996936 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Jeswani Bhagwandas H |
|
1800 |
|
Jeswani Kishore B. |
|
5300 |
|
Jeswani Chandra B. |
|
200 |
|
Jeswani Roma Kishore |
|
200 |
|
Jeswani Komal Ashok |
|
200 |
|
Jeswani Anisha Sunil |
|
1700 |
|
Jeswani Ashok B |
|
300 |
|
Jeswani Sunil B. |
|
300 |
|
Ahuja Kiran Arun |
|
1 |
|
Vyas Devdutta |
|
1 |
|
|
|
10002 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing services for a wide range of computer hardware
that includes hardware services like speakers, headphones, cabinets, ups,
keyboards, mouse, webcams |
|
|
|
|
Products : |
·
Intel Desktop ·
Intel Servers Components ·
Electronic Security Systems |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Information not divulged by management |
|||||||||||||||
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|||||||||||||||
|
Bankers : |
Thane Bharat Sahakari Bank Limited, Shatataraka, Vishnu Nagar,
Naupada, Thane, Thane - 400602, Maharashtra, India |
|||||||||||||||
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|||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.K. Patodia and Associates Chartered Accountant |
|
Address : |
A/8, Narayan Plaza, 1st Floor, 26-A, Chandivali Road, Off Sakivihar
Road, Mumbai – 400072, Maharashtra, India |
|
Pan No.: |
ABIFS7708N |
|
|
|
|
Associates/Subsidiaries : |
· Pacififc Infotech Private Limited · Bhagwandas Jeswani (HUF) · Kishore Jeswani (HUF) · Ashok Jeswani (HUF) ·
Computer Campus |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10002 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5.919 |
5.311 |
4.426 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6.019 |
5.411 |
4.526 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
18.855 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
29.571 |
4.680 |
2.204 |
|
|
TOTAL BORROWING |
48.426 |
4.680 |
2.205 |
|
|
DEFERRED TAX LIABILITIES |
0.021 |
0.016 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
54.466 |
10.107 |
6.730 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.270 |
0.328 |
0.397 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.015 |
0.005 |
0.005 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.008 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8.844
|
8.986
|
11.785 |
|
|
Sundry Debtors |
43.555
|
24.357
|
22.735 |
|
|
Cash & Bank Balances |
2.506
|
1.239
|
2.017 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
6.492
|
3.264
|
1.732 |
|
Total
Current Assets |
61.397
|
37.846
|
38.269 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.176
|
26.346
|
30.875 |
|
|
Other Current Liabilities |
0.070
|
0.341
|
0.096 |
|
|
Provisions |
1.970
|
1.385
|
0.978 |
|
Total
Current Liabilities |
7.216
|
28.072
|
31.949 |
|
|
Net Current Assets |
54.181
|
9.774
|
6.320 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
54.466 |
10.107 |
6.730 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
65.499 |
104.116 |
133.188 |
|
|
|
Other Income |
1.563 |
0.690 |
0.412 |
|
|
|
TOTAL (A) |
67.062 |
104.806 |
133.600 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material consumed |
59.073 |
98.520 |
126.721 |
|
|
|
Direct expenses |
0.317 |
0.245 |
0.377 |
|
|
|
Administrative and other expenses |
5.820 |
4.160 |
4.748 |
|
|
|
TOTAL (B) |
65.210 |
102.925 |
131.846 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.852 |
1.881 |
1.754 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.891 |
0.480 |
0.242 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.961 |
1.401 |
1.512 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.058 |
0.071 |
0.087 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.903 |
1.330 |
1.425 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.295 |
0.445 |
0.512 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
0.608 |
0.885 |
0.913 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.311 |
4.426 |
3.513 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
5.919 |
5.311 |
4.426 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
- Basic |
60.83 |
88.49 |
91.33 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.91
|
0.84
|
0.68 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.38
|
1.28
|
1.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.46
|
3.48
|
3.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.25
|
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
9.24
|
6.05
|
7.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.50
|
1.35
|
1.20 |
LOCAL AGENCY FURTHER INFORMATION
The Details of
Sundry Creditors
Rs.
In Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Due to micro, small and medium enterprises |
-- |
-- |
-- |
|
Due to others |
|
|
|
|
- for goods supplied |
4.763 |
26.146 |
30.649 |
|
- for expenses |
0.413 |
0.200 |
0.226 |
|
Total |
5.176 |
26.346 |
30.875 |
FORM 8:
|
Corporate identity number of the company |
U72200MH1997PTC109612 |
|
Name of the company |
S. B. DATA SYSTEMS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
10B Abbas Bldg Jalabhaistreet Near Dream
Land, Cinema Grant Road (E), Mumbai – 400004, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of charge holder |
THANE BHARAT SAHAKARI BANK LTD |
|
Nature of instrument creating charge |
Agreement For Demand Loan / Cash Credits
(Overdraft / Bill Discounting Limits / Hyp. Credits) Against Hypothecation Of
Movable Property / Properties. |
|
Date of instrument Creating the charge |
12/03/2011 |
|
Amount secured by the charge |
Rs.45.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest 12% p.a. (Interest rate is subject to change as per
R.B.I. Guidelines and ?Bank Policy from time to time) Terms of Repayment One Year-Up to 31.01.2012 Margin Stock-25% Debtors-40% Extent and Operation of the charge The Charge is created to cover Cash Credit
facility of Rs. 45.000 Millions |
|
Short particulars of the property charged |
Hypothecation Of Stock and Debtors. |
Fixed assets:
·
Air conditioner
·
Computer
·
Mobile phone
·
Water pump
·
Office equipments
·
Telephone equipments
·
Vehicle
·
Furniture and fixture
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.49.06 |
|
|
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.57 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
29 |
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.