MIRA
INFORM REPORT
|
Report Date : |
03.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
JASPER INFOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Building No.246, 1st Floor, Okhla Industrial Estate, Phase
III, New Delhi-110020 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
12.09.2007 |
|
|
|
|
Com. Reg. No.: |
55-168097 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.330 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300DL2007PTC168097 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELJ06915G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ8820B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
To carry on the business of establishing, developing,
undertaking, designing, producing, conceptualizing, marketing, selling and
licensing of various marketing products solutions and services. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company in under severe pressure. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Building No.246, 1st Floor, Okhla Industrial Estate, Phase
III, New Delhi-110020, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Quarters : |
76, 2nd Floor, Okhla Industrial Area, Phase III, |
|
Tel No.: |
91-11-45650010 |
|
|
|
|
Mumbai Office : |
Unique Industrial Estate, Unit No. 212, 2nd Floor, Bombay
Dying Compound, |
|
|
|
|
|
No. 178, Santa Clara, Ground Floor, 18th “A” Main Road, HAL 2nd Stage, Behind Nandhini Hotel, Near Domlur Flyover - Bangalore-560038, Karnataka, India |
|
|
|
|
Branch Offices |
Also Located At · Chennai · Hyderabad · Chandigarh · Pune · Kolkata · Ahmedabad |
DIRECTORS
AS ON 23.09.2011
|
Name : |
Mr. Kunal Bahi |
|
Designation : |
Director |
|
Address : |
1/41, Punjabi Bagh West, |
|
Date of Birth/Age : |
23.08.1983 |
|
Date of Appointment : |
12.09.2007 |
|
DIN No.: |
01761033 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U72300DL2007PTC168097 |
JASPER
INFOTECH PRIVATE LIMTED |
Director |
12-09-07 |
12-09-07 |
- |
Active |
NO |
|
2 |
U93000DL2011PTC219498 |
LAPIS
MARKETING SERVICES PRIVATE LIMITED |
Director |
20-05-11 |
20-05-11 |
30-09-11 |
Active |
NO |
|
3 |
U74140DL2011PTC220161 |
SPINEL
TRADECOM PRIVATE LIMITED |
Director |
01-06-11 |
01-06-11 |
04-07-11 |
Active |
NO |
|
Name : |
Mr. Rohit Kumar Bansal |
|
Designation : |
Director |
|
Address : |
129 Street Jagan Nath, Mandi Harji Ram, Malout, Distt. Mukatsar,
Punjab – 152107, |
|
Date of Birth/Age : |
02.05.1983 |
|
Date of Appointment : |
16.09.2007 |
|
DIN No.: |
01884522 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U72300DL2007PTC168097 |
JASPER
INFOTECH PRIVATE LIMTED |
Director |
16-11-07 |
16-11-07 |
- |
Active |
NO |
|
2 |
U93000DL2011PTC219498 |
LAPIS
MARKETING SERVICES PRIVATE LIMITED |
Director |
20-05-11 |
20-05-11 |
23-08-11 |
Active |
NO |
|
3 |
U74140DL2011PTC220161 |
SPINEL
TRADECOM PRIVATE LIMITED |
Director |
01-06-11 |
01-06-11 |
04-07-11 |
Active |
NO |
|
Name : |
Mr. Vani Kola |
|
Designation : |
Nominee Director |
|
Address : |
92/2-136A, Clover Fields, Sevaganapalli Post Kaliagraharan, Krishna
Giri-635103, Tamilnadu, India |
|
Date of Birth/Age : |
23.01.1964 |
|
Date of Appointment : |
16.09.2009 |
|
DIN No.: |
01827653 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U63040KA2007PTC041672 |
FLIGHT
RAJA TRAVELS PRIVATE LIMITED |
Director |
04-08-08 |
14-05-07 |
- |
Active |
NO |
|
2 |
U85110AP2006PTC051845 |
MEDPLUS
HEALTH SERVICES PRIVATE LIMITED |
Director |
22-09-08 |
27-09-07 |
04-03-11 |
Active |
NO |
|
3 |
U67190KA2006PTC039598 |
INDOUS
CAPITAL ADVISORS PRIVATE LIMITED |
Director |
29-10-07 |
29-10-07 |
- |
Active |
NO |
|
4 |
U72300KA2007PTC041799 |
MYNTRA
DESIGNS PRIVATE LIMITED |
Director |
20-10-08 |
20-10-08 |
- |
Active |
NO |
|
5 |
U72300DL2007PTC168097 |
JASPER
INFOTECH PRIVATE LIMTED |
Nominee
director |
16-09-09 |
16-09-09 |
- |
Active |
NO |
|
6 |
U64203AP2005PTC047908 |
APALYA
TECHNOLOGIES PRIVATE LIMITED |
Director |
29-08-11 |
03-01-11 |
- |
Active |
NO |
|
7 |
U72900TN2004PTC052876 |
MERCADO
ONLINE PRIVATE LIMITED |
Director |
19-02-11 |
19-02-11 |
- |
Active |
NO |
|
8 |
U64200MH2008PTC187859 |
ONWARD
MOBILITY SOLUTIONS PRIVATE LIMITED |
Nominee
director |
05-07-11 |
05-07-11 |
- |
Active |
NO |
|
9 |
U93000DL2011PTC219498 |
LAPIS
MARKETING SERVICES PRIVATE LIMITED |
Nominee
director |
23-08-11 |
23-08-11 |
- |
Active |
NO |
|
Name : |
Mr. Suvir Suren Sujan |
|
Designation : |
Nominee Director |
|
Address : |
Flat 6 AB, Andromedia Co-operative Housing Society, 89, Worli Sea Face
Worli, Mumbai-400025, Maharashtra, India |
|
Date of Birth/Age : |
20.09.1971 |
|
Date of Appointment : |
03.01.2011 |
|
DIN No.: |
01173669 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U65999MH2007PTC167234 |
NEXUS
INDIA CAPITAL ADVISORS PRIVATE LIMITED |
Managing
director |
12-08-08 |
24-01-07 |
- |
Active |
NO |
|
2 |
U74899DL1995PTC065551 |
C.E.
INFO SYSTEMS PRIVATE LIMITED |
Director |
31-08-07 |
26-07-07 |
- |
Active |
NO |
|
3 |
U72200MH2006PTC160271 |
WHATS
ON INDIA MEDIA PRIVATE LIMITED |
Nominee
director |
30-09-08 |
30-09-08 |
- |
Active |
NO |
|
4 |
U72200KA2009PTC051448 |
MAGIC
ROOMS SOLUTIONS (INDIA) PRIVATE LIMITED |
Nominee
director |
18-01-10 |
18-01-10 |
28-03-11 |
Active |
NO |
|
5 |
U51109DL2010PTC202511 |
BIG
SHOE BAZAAR INDIA PRIVATE LIMITED |
Nominee
director |
01-07-10 |
01-07-10 |
- |
Active |
NO |
|
6 |
U72300DL2007PTC168097 |
JASPER
INFOTECH PRIVATE LIMTED |
Nominee
director |
03-01-11 |
03-01-11 |
- |
Active |
NO |
|
Name : |
Mr. Robin Chandra |
|
Designation : |
Nominee Director |
|
Address : |
555, Bryabi Street Apartment No.310, Paioaito, California-94301 |
|
Date of Birth/Age : |
15.04.1966 |
|
Date of Appointment : |
18.08.2011 |
|
DIN No.: |
00396361 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74140MH1993PTC139435 |
SAROVAR
HOTELS PRIVATE LIMITED |
Director |
31-08-06 |
20-02-06 |
18-05-11 |
Active |
NO |
|
2 |
L74210TN2000PLC045167 |
SHRIRAM
EPC LIMITED |
Director |
31-03-06 |
31-03-06 |
- |
Active |
NO |
|
3 |
U70102DL2008PTC226945 |
APPLIED
SOLAR TECHNOLOGIES (INDIA) PRIVATE LIMITED |
Nominee
director |
09-10-09 |
09-10-09 |
- |
Active |
NO |
|
4 |
L40108TN2006PLC061665 |
ORIENT
GREEN POWER COMPANY LIMITED |
Nominee
director |
05-08-10 |
28-01-10 |
- |
Active |
NO |
|
5 |
L45203MH2000PLC129790 |
IL
AND FS TRANSPORTATION NETWORKS LIMITED |
Director |
04-08-10 |
25-05-10 |
- |
Active |
NO |
|
6 |
U72300DL2007PTC168097 |
JASPER
INFOTECH PRIVATE LIMTED |
Nominee
director |
18-08-11 |
18-08-11 |
- |
Active |
NO |
|
7 |
U63090TN2001PTC047432 |
CONSIM
INFO PRIVATE LIMITED |
Additional
director |
28-09-11 |
28-09-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.09.2011
|
Names of Shareholders |
No. of Equity
Shares |
No. of
Preference Shares |
|
Kunal Bhai |
11160 |
-- |
|
Rohit Kumar Bansal |
7119 |
-- |
|
Ken Glass |
2233 |
-- |
|
NEA-Indo US Venture Capital LLC, Mauritius |
316 |
1100 |
|
Iaurent Amouyal |
-- |
25282 |
|
Nexus India Direct Investment II, Mauritius |
489 |
432 |
|
Bessemer Venture Partners Trust, Mauritius |
812 |
19670 |
|
New Enterprise Associates Indo US Ventures LLC, Mauritius |
628 |
5844 |
|
Total |
22757 |
52328 |
AS ON 23.09.2011
|
Name of Transferor |
Type of Transfer |
No. of Shares Transferred |
Amount per Share (Rs.) |
Name of Transferee |
Date of Registration of Transfer |
|
Kunal Bhai |
Equity |
406 |
10 |
Besserner Venture Partners Trust |
18.08.2011 |
|
Kunal Bhai |
Equity |
242 |
10 |
Nexus India Direct Investment II |
18.08.2011 |
|
Kunal Bhai |
Equity |
314 |
10 |
New Enterprise Associates Indo US Ventures LLC |
18.08.2011 |
|
Rohit Kumar Bansal |
Equity |
406 |
10 |
Besserner Venture Partners Trust |
18.08.2011 |
|
Rohit Kumar Bansal |
Equity |
242 |
10 |
Nexus India Direct Investment II |
18.08.2011 |
|
Rohit Kumar Bansal |
Equity |
314 |
10 |
New Enterprise Associates Indo US Ventures LLC |
18.08.2011 |
AS ON 18.08.2011
|
Names of Allotees |
No. of Series C
Preference Shares |
|
Besserner Venture Partners Trust, Mauritius |
5844 |
|
Nexus India Direct Investment II, Mauritius |
3480 |
|
New Enterprise Associates Indo US Ventures Capital, Mauritius |
4528 |
|
Total |
13852 |
AS ON 23.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
4.91 |
|
Directors or relatives of Directors |
80.32 |
|
Other top fifty shareholders |
14.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To carry on the business of establishing, developing,
undertaking, designing, producing, conceptualizing, marketing, selling and
licensing of various marketing products solutions and services. |
GENERAL INFORMATION
|
No. of Employees : |
500 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nangia and Company Chartered Accountant |
|
Address : |
Suite – 4A, Plaza M -6, Jasola, New Delhi – 110025, Delhi, India |
|
Tel. No.: |
91-11-47371000 / 41748000 |
|
Fax No.: |
91-11-47371010 |
|
E-Mail : |
|
|
Website: |
|
|
Pan No.: |
AAAFN9013E |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
2250 |
Convertible Cumulative Preference Shares |
Rs.4000/- each |
Rs. 9.000 Millions |
|
20000 |
Compulsorily Convertible Participating Cumulative Preference Shares |
Rs.10/- each |
Rs. 0.200 Million |
|
25000 |
Compulsorily Convertible Participating Series B Cumulative Preference
Shares |
Rs.10/- each |
Rs. 0.250 Million |
|
|
Total |
|
Rs. 10.450
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20572 |
Equity Shares |
Rs.10/- each |
Rs. 0.206
Millions |
|
2185 |
Convertible Cumulative Preference Shares |
Rs.4000/- each |
Rs. 8.740
Millions |
|
38476 |
Convertible Cumulative Preference Shares |
Rs.10/- each |
Rs. 0.384
Million |
|
|
Total |
|
Rs. 9.330 Millions |
AS ON 23.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
2250 |
Convertible Cumulative Preference Shares |
Rs.4000/- each |
Rs. 9.000 Millions |
|
20000 |
Compulsorily Convertible Participating Cumulative Preference Shares |
Rs.10/- each |
Rs. 0.200 Million |
|
25000 |
Compulsorily Convertible Participating Series B Cumulative Preference
Shares |
Rs.10/- each |
Rs. 0.250 Million |
|
|
Total |
|
Rs. 10.450
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22757 |
Equity Shares |
Rs.10/- each |
Rs. 0.228
Million |
|
52328 |
Preference Shares |
Rs.10/- each |
Rs. 0.523
Million |
|
|
Total |
|
Rs. 0.751 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 |
9.330 |
9.022 |
8.906 |
|
|
2] Share Application Money |
0.002 |
0.000 |
0.003 |
|
|
3] Reserves & Surplus |
453.060 |
53.420 |
0.000 |
|
|
4] (Accumulated Losses) |
(113.251) |
(11.063) |
(3.861) |
|
|
NETWORTH |
349.141 |
51.379 |
5.048 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
2.519 |
2.414 |
|
|
TOTAL BORROWING |
0.000 |
2.519 |
2.414 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.432 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
349.141 |
54.330 |
7.462 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.870 |
2.206 |
1.189 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
54.293 |
0.000 |
1.810 |
|
|
INTANGIBLE ASSETS |
2.355 |
1.428 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.077 |
|
|
Sundry Debtors |
20.444
|
8.147
|
0.724 |
|
|
Cash & Bank Balances |
295.271
|
42.961
|
3.915 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
25.411
|
3.972
|
0.780 |
|
Total
Current Assets |
341.126
|
55.080 |
5.496 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
37.577
|
1.032
|
0.665 |
|
|
Other Current Liabilities |
15.836
|
3.232
|
1.350 |
|
|
Provisions |
1.090
|
0.120
|
0.026 |
|
Total
Current Liabilities |
54.503
|
4.384 |
2.041 |
|
|
Net Current Assets |
286.623
|
50.696
|
3.455 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
1.008 |
|
|
|
|
|
|
|
|
TOTAL |
349.141 |
54.330 |
7.462 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
5.606 |
2.960 |
|
|
|
Service Income |
|
19.421 |
3.118 |
|
|
|
Other Income |
|
1.239 |
0.153 |
|
|
|
TOTAL (A) |
76.010 |
26.266 |
6.231 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
|
0.000 |
2.316 |
|
|
|
Direct Expenses |
232.923 |
1.889 |
0.000 |
|
|
|
Administrative and Other Expenses |
|
28.144 |
8.645 |
|
|
|
Reversal of Depreciation due to change of method |
|
(0.253) |
0.000 |
|
|
|
Preliminary Expenses W/off |
|
0.110 |
0.028 |
|
|
|
Pre-Operative Expenses W/off |
|
0.896 |
0.224 |
|
|
|
Increased/(Decreased) in Stock |
|
0.000 |
(0.077) |
|
|
|
TOTAL (B) |
232.923 |
30.786 |
11.136 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(4.520) |
(4.905) |
|
|
|
|
[Including |
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
Financial |
0.000 |
0.000 |
|
|
|
|
Expenses |
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
And Depreciation] |
(4.520) |
(4.905) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.439 |
0.447 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(156.913) |
(4.959) |
(5.352) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
259.100 |
2.242 |
(1.798) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
102.187 |
(7.201) |
(3.554) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
102.187 |
(7.201) |
(3.554) |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
2.181 |
5.112 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(4976.29) |
(353.25) |
(213.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
134.44
|
(27.41)
|
(57.04) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
(88.45)
|
(180.81) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(39.10)
|
(8.66) |
(80.05) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.45)
|
(0.10) |
(1.06) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.16
|
0.14 |
0.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.26
|
12.56 |
2.69 |
LOCAL AGENCY FURTHER INFORMATION
Note: Registered office of
the company has been shifted from House No.1, Road No.41, Punjabi Bagh West,
New Delhi – 110026, Delhi, India to the present address w.e.f. 23.09.2011.
BACKGROUND
The company was
incorporated on 12th day of September, 2007. Its main object is to carry on the
business of establishing, developing, and designing, producing and
conceptualizing the multi-channel direct marketing solutions.
FINANCIAL HIGHLIGHTS
During the year,
the company has witnessed an unprecedented growth in its business and Snapdeal.com
has emerged as the clear high growth business for the company. Snapdeal.com is
an internet marketing platform for manufacturers, wholesalers and retailers
through which they can offer their unsold inventory at deep discounted price to
the users. Over this year, business has evolved from offline couponing to
online coupons platform and has generated huge interest from all -the
customers, the merchants and the investors. As a result, the company has also
undertaken a paradigm shift towards online platforms through Snapdeal.com.
The business has
seen phenomenal growth during the year on all key parameters. Key business
metrics of no. of vouchers sold and estimated Gross Merchandise Value (EGMV) of
the deals offered through Snapdeal.com has increased by 29 times from Q1 to Q4.
The company has
been the clear leader in terms of market share, innovations, setting the
industry standards. During the year, the company has expanded its portfolio
offering from services deals to travel deals and product deals. Also, the
company has expanded its local services offerings to 30+ cities.
CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT
OF:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Claim against
the company not acknowledged as debts |
-- |
-- |
|
Corporate
guarantees given / securities provided to banks / financial institutions
against credit facilities extended to other bodies corporate |
-- |
-- |
|
Bills purchased
and discounted |
-- |
-- |
|
Cumulative
amount of dividend |
0.002 |
0.001 |
|
Other matters |
-- |
-- |
FIXED ASSETS:
- Computers
- Furniture and Fixtures
- Office Equipments
- Electric Equipments
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. 53.29 |
|
|
1 |
Rs. 82.66 |
|
Euro |
1 |
Rs. 68.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.