MIRA
INFORM REPORT
|
Report Date : |
13.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
AGS TRANSACT TECHNOLOGIES LIMITED (w.e.f. 20.07.2010) |
|
|
|
|
Formerly Known
As : |
AGS TRANSACT TECHNOLOGIES PRIVATE LIMITED (w.e.f. 03.06.2010) AGS INFOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
601-602, Trade World, B-Wing, Kamala Mill Compound, Senapati Bapat
Marg, Lower Parel, Mumbai – 400 013, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
11.12.2002 |
|
|
|
|
Com. Reg. No.: |
11-138213 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.187.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2002PLC138213 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA18573C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA0901H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Equipment Body for BT Manual Dispenser and Trading of
ATM and Others. |
|
|
|
|
No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. There
appears some losses being incurred by the company in the current year. However,
networth appears to be satisfactory. Trade relations are reported as fair.
Business is active. Payments are reported to be usually correct and as per
commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
|
Name : |
Mr. Anand Agarwal |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-22-67812000 |
|
Date : |
12.01.2012 |
LOCATIONS
|
Registered Office : |
601-602, Trade World, B-Wing, Kamala Mill Compound, Senapati Bapat Marg,
Lower Parel, Mumbai – 400 013, |
|
Tel. No.: |
91-22-66602659 / 67812000 |
|
Mobile No.: |
91-9223191588 (Ms. Suja Kulkarni) |
|
Fax No.: |
91-22-24935384 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Loacted at ·
·
Tamilnadu |
|
|
|
|
Branch Office : |
Located at ·
Navi Mumbai ·
·
Ahmedabad ·
Panvel ·
·
Bengaluru ·
Chennai ·
·
·
·
Guwahati ·
·
Jaipur ·
Kolkata ·
·
·
·
·
·
·
Pune ·
Puducherry ·
Tirupur |
DIRECTORS
As on 09.09.2011
|
Name : |
Mr. Ravi Badrinarain Goyal |
|
Designation : |
Chairman and Managing Director |
|
Address : |
203, Shreenath Niwas, |
|
Date of Birth/Age : |
02.05.1962 |
|
Qualification : |
B.E. (Electrical) |
|
Date of Appointment : |
11.12.2002 |
|
Election Commission Identity Card No.: |
KNF1217546 |
|
DIN No.: |
01374288 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current designation
of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U72200MH2002PLC138213 |
AGS Transact
Technologies Limited |
Managing
director |
01-08-10 |
11-12-02 |
Active |
NO |
|
2 |
U74999MH2003PTC139495 |
Fillon
Technologies India Private Limited |
Director |
01-04-10 |
06-03-03 |
Active |
NO |
|
3 |
U72200MH2006PTC161398 |
AGS Sundyne
Technologies Private Limited |
Director |
26-04-06 |
26-04-06 |
Active |
NO |
|
4 |
U72900MH2007PTC172249 |
|
Director |
11-07-07 |
11-07-07 |
Active |
NO |
|
5 |
U24119KA1984PTC006178 |
Instruments
Research Associates Private Limited |
Director |
01-04-10 |
05-03-08 |
Active |
NO |
|
|
|
|
Name : |
Mr. Badrinarain Kunjbihari Goyal |
|
Designation : |
Director |
|
Address : |
204, Shreenath Niwas, |
|
Date of Birth/Age : |
09.05.1940 |
|
Qualification : |
Electronics Diploma Engineer |
|
Date of Appointment : |
11.12.2002 |
|
Election Commission Identity Card No.: |
MT/08/038/0144771 |
|
DIN No.: |
01679378 |
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 |
U72200MH2002PLC138213 |
AGS Transact
Technologies Limited |
Director |
11-12-02 |
11-12-02 |
- |
Active |
NO |
|
2 |
U74999MH2003PTC139495 |
Fillon
Technologies India Private Limited |
Director |
19-05-03 |
19-05-03 |
- |
Active |
NO |
|
3 |
U72200MH2006PTC161398 |
AGS Sundyne
Technologies Private Limited |
Director |
26-04-06 |
26-04-06 |
04-05-11 |
Active |
NO |
|
4 |
U72900MH2007PTC172249 |
|
Director |
30-09-09 |
15-04-09 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Sudip Bandyopadhyay |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
06.04.1964 |
|
Qualification : |
CA and Cost Accountant |
|
Date of Appointment : |
20.09.2010 |
|
DIN No.: |
00007382 |
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 |
U65990MH2005PLC154052 |
Reliance Securities
Limited |
Whole-time
director |
01-10-08 |
17-06-05 |
14-10-09 |
Active |
NO |
|
2 |
U51100MH2005PLC154611 |
Reliance
Commodities Limited |
Director |
08-07-05 |
08-07-05 |
14-10-09 |
Active |
NO |
|
3 |
U65990MH2005PLC155675 |
Reliance Financial
Limited |
Director |
26-08-05 |
26-08-05 |
05-08-09 |
Active |
NO |
|
4 |
U65990MH1994PLC082324 |
Reliance
Composite Insurance Broking Limited |
Director |
30-12-05 |
30-12-05 |
29-07-09 |
Active |
NO |
|
5 |
U67120MH2006PLC160589 |
Reliance Money Infrastructure
Limited |
Director |
31-07-07 |
20-03-06 |
23-03-09 |
Active |
NO |
|
6 |
U74999MH2002PLC138032 |
Reliance Money
Express Limited |
Director |
29-11-06 |
29-11-06 |
29-07-09 |
Active |
NO |
|
7 |
U91990MH2005NPL150579 |
Sife |
Director |
28-09-07 |
03-04-07 |
08-09-11 |
Active |
NO |
|
8 |
U75131GJ2001PLC040281 |
National
Multi-Commodity Exchange of India Limited |
Director
appointed in casual vacancy |
29-08-08 |
29-08-08 |
04-09-09 |
Active |
NO |
|
9 |
L99999MH1986PLC039660 |
Wall Street
Finance Limited |
Director |
23-09-11 |
30-10-08 |
- |
Active |
NO |
|
10 |
U74900GJ2008PLC055435 |
National
Agriculture Produce Marketing Company Of India Limited |
Director |
14-11-08 |
14-11-08 |
07-12-09 |
Active |
NO |
|
11 |
U65999MH2009PLC189285 |
Reliance Wealth
Management Limited |
Director |
01-01-09 |
01-01-09 |
29-07-09 |
Active |
NO |
|
12 |
U74990MH2009PLC189525 |
Reliance Spot
Exchange Infrastructure Limited |
Director |
12-01-09 |
12-01-09 |
29-07-09 |
Active |
NO |
|
13 |
U74990MH2009PLC189526 |
Reliance Cwt
India Limited |
Director |
12-01-09 |
12-01-09 |
29-07-09 |
Active |
NO |
|
14 |
U93090UP2007PTC033308 |
Spice
Investments and Finance Advisors Private Limited |
Additional
director |
24-11-09 |
24-11-09 |
13-04-10 |
Active |
NO |
|
15 |
U65993KA2010PTC052219 |
Convexity
Solutions And Advisors Private Limited |
Director |
01-01-11 |
12-03-10 |
30-05-11 |
Active |
NO |
|
16 |
U72200MH2002PLC138213 |
AGS Transact
Technologies Limited |
Director |
20-09-10 |
16-09-10 |
- |
Active |
NO |
|
17 |
U67120MH2005PTC156678 |
Destimoney
Securities Private Limited |
Managing
director |
12-08-11 |
10-03-11 |
- |
Active |
NO |
|
18 |
U67110MH2011PTC216038 |
Destimoney
Distribution And Advisory Services Private Limited |
Director |
11-04-11 |
11-04-11 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Varun Kapur |
|
Designation : |
Nominee Director |
|
Address : |
# 06 - 01, Astrid Meadows, 48A |
|
Date of Birth/Age : |
26.03.1969 |
|
Date of Appointment : |
07.06.2011 |
|
DIN No.: |
01499679 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U67190MH2007PTC176715 |
TPG Growth
Advisors ( |
Director |
12-12-07 |
12-12-07 |
Active |
NO |
|
2 |
U72200MH2002PLC138213 |
AGS Transact
Technologies Limited |
Nominee director |
07-06-11 |
07-06-11 |
Active |
NO |
|
|
|
|
Name : |
Mr. Suraj Parkash Chaudhry |
|
Designation : |
Director |
|
Address : |
Flat No 2201, 22nd Floor, |
|
Date of Birth/Age : |
26.08.1949 |
|
Qualification : |
Mechanical Engineer |
|
Date of Appointment : |
20.09.2010 |
|
DIN No.: |
03233435 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of appointment
at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U72200MH2002PLC138213 |
AGS Transact
Technologies Limited |
Director |
20-09-10 |
16-09-10 |
Active |
NO |
|
|
|
|
Name : |
Mr. Vishwarupe Narain |
|
Designation : |
Nominee Director |
|
Address : |
Flat NO 509, Mansarovar BLDG, 5/6, MT Pleasant Road, Malabar Hill,
Mumbai, 400006, |
|
Date of Birth/Age : |
12.08.1974 |
|
Date of Appointment : |
07.06.2011 |
|
DIN No.: |
03394320 |
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 |
U18202DL2003PLC121787 |
Lilliput
Kidswear Limited |
Alternate
director |
10-12-10 |
10-12-10 |
25-02-11 |
Active |
NO |
|
2 |
U72200MH2002PLC138213 |
AGS Transact
Technologies Limited |
Nominee director |
07-06-11 |
07-06-11 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Rashmi Chhotalal Sarvaiya |
|
Designation : |
Company Secretary |
|
Address : |
B/35, Shanti Sadan, |
|
Date of Birth/Age : |
08.05.1983 |
|
Date of Appointment : |
16.09.2010 |
|
PAN No.: |
BGWPS7759D |
|
|
|
|
Name : |
Mr. Anand Agarwal |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 09.09.2011
|
Names of Equity Shareholders |
|
No. of Shares |
|
|
|
17739931 |
|
TPG Star SF Pte Limited, |
|
822549 |
|
Badrinarain Kunjbihari Goyal |
|
187500 |
|
Anupama Ravi Goyal |
|
4 |
|
Vimla Badrinarain Goyal |
|
4 |
|
Kiran Badrinarain Goyal |
|
4 |
|
Nidhi Kiran Goyal |
|
4 |
|
Neha Ravi Goyal |
|
4 |
|
Total |
|
18750000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
TPG Star SF Pte Limited, |
|
5140929 |
|
Total |
|
5140929 |
As on 09.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
4.39 |
|
Directors
or relatives of directors |
|
95.61 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Equipment Body for BT Manual Dispenser and Trading of
ATM and Others. |
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Products : |
|
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Imports : |
|
||||||||
|
Products : |
·
ATM Parts ·
Technology Parts |
||||||||
|
Countries : |
·
·
·
|
||||||||
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|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Credit – Cheque |
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|
|
|
||||||||
|
Purchasing : |
L/C and Credit – Cheque |
GENERAL INFORMATION
|
Customers : |
Large Organizations |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
1500 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
YES Bank Limited 9th Floor, Nehru Centre, Discovery
of ·
Corporation Bank 104, Bharat House, Ground Floor, B. S.
Marg, Fort, Mumbai – 400 023, ·
Citibank ·
Standard Chartered Bank ·
ICICI Bank ·
State Bank of ·
Oriental Bank of Commerce ·
HDFC Bank |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
Note Other debt secured
includes Short term loan from Buyers Credit, Vendor Finance and Cash Credit
Account.
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah and Company Chartered Accountants |
|
Address : |
Maker Bhavan No. 2, 18, New Marine Lines, Mumbai – 400 020, |
|
PAN No.: |
AABFS2985F |
|
|
|
|
Subsidiaries : |
·
CIN No.: U72900MH2007PTC172249 ·
AGS Infotech Singapore Pte Limited |
|
|
|
|
Enterprises
which are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
·
Instruments Research Associates Private Limited ·
AGS Sundyne Technologies Private Limited ·
Fillon Technologies India Private Limited |
CAPITAL STRUCTURE
As on 09.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
27000000 |
Equity Shares |
Rs.10/- each |
Rs.270.000 millions |
|
8000000 |
Preference Shares |
Rs.10/- each |
Rs.80.000 millions |
|
|
Total |
|
Rs.350.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
18750000 |
Equity Shares |
Rs.10/- each |
Rs.187.500
millions |
|
5140929 |
Preference Shares |
Rs.10/- each |
Rs.51.409
millions |
|
|
Total |
|
Rs.238.909 millions |
As on 31.03.2011
Authorised Capital : Rs.350.000 millions
Issued, Subscribed & Paid-up Capital : Rs.187.500
millions
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 |
187.500 |
50.000 |
50.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
582.236 |
663.388 |
456.593 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
769.736 |
713.388 |
506.593 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1112.409 |
695.720 |
437.476 |
|
|
2] Unsecured Loans |
160.623 |
14.875 |
26.498 |
|
|
TOTAL BORROWING |
1273.032 |
710.595 |
463.974 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
1.250 |
|
|
|
|
|
|
|
|
TOTAL |
2042.768 |
1423.983 |
971.817 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
610.467 |
170.683 |
38.266 |
|
|
Capital work-in-progress |
45.388 |
74.523 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.503 |
0.003 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
639.594
|
656.306 |
423.880 |
|
|
Sundry Debtors |
996.223
|
744.066 |
852.009 |
|
|
Cash & Bank Balances |
113.990
|
84.450 |
4.293 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
439.023
|
227.521 |
209.909 |
|
Total
Current Assets |
2188.830
|
1712.343 |
1490.091 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
636.146 |
434.201 |
487.952 |
|
|
Other Current Liabilities |
138.141
|
69.252 |
30.640 |
|
|
Provisions |
28.133
|
30.116 |
38.197 |
|
Total
Current Liabilities |
802.420
|
533.569 |
556.789 |
|
|
Net Current Assets |
1386.410
|
1178.774 |
933.302 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.249 |
|
|
|
|
|
|
|
|
TOTAL |
2042.768 |
1423.983 |
971.817 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Operating revenue |
2461.168 |
2774.453 |
2660.223 |
|
|
|
Other Income |
21.032 |
103.250 |
13.003 |
|
|
|
TOTAL |
2482.200 |
2877.703 |
2673.226 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
1575.585 |
1939.422 |
|
|
|
|
Manufacturing service costs |
21.897 |
141.186 |
|
|
|
|
Employee related expenses |
256.721 |
141.337 |
|
|
|
|
Administrative selling other expenses |
364.877 |
298.982 |
|
|
|
|
TOTAL |
2219.080 |
2520.927 |
2414.233 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
263.120 |
356.776 |
258.993 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST
FINANCIAL CHARGES |
116.413 |
68.653 |
44.740 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
146.707 |
288.123 |
214.253 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
56.763 |
10.818 |
4.304 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
ITEMS |
0.000 |
9.059 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
89.944 |
268.246 |
209.949 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
33.597 |
61.451 |
55.848 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
56.347 |
206.795 |
154.101 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
663.388 |
456.593 |
302.492 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Issue of Bonus Shared |
137.500 |
0.000 |
0.000 |
|
|
|
Transfer to General Reserve |
10.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
572.235 |
663.388 |
456.593 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Manufacturing products at FOB value |
20.753 |
13.051 |
9.166 |
|
|
|
Warranty Reimbursement |
0.129 |
8.467 |
0.000 |
|
|
|
Reimbursement of Expenses |
0.000 |
0.730 |
0.000 |
|
|
TOTAL EARNINGS |
20.882 |
22.248 |
9.166 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
1014.844 |
1620.144 |
|
|
|
Stores & Spares |
NA |
0.476 |
0.000 |
|
|
|
Capital Goods |
NA |
15.849 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
1031.169 |
1620.144 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
3.01 |
11.03 |
-- |
|
Expected Sales (2011-2012) : Rs.5000.000 millions
The above information has been parted by Mr. Anand Agarwal
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.27
|
7.19 |
5.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.65
|
9.67 |
7.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.21
|
14.25 |
13.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.38 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.70
|
1.74 |
2.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.73
|
3.21 |
2.68 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
|
Particulars |
As
on 31.03.2011 Rs.
in millions |
As
on 31.03.2010 Rs.
in millions |
As
on 31.03.2009 Rs.
in millions |
|
Creditors due small micro enterprises |
0.000 |
0.000 |
|
|
Creditors due others |
636.146 |
434.201 |
|
|
Total |
636.146 |
434.201 |
487.952 |
|
Sr. No. |
Check List by Info Agents |
|
|
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 |
-- |
|
8. |
No. of employees |
YES |
|
9. |
Name of person contacted |
YES |
|
10. |
Designation of contact person |
YES |
|
11. |
Turnover of firm for last one year |
YES |
|
12. |
Profitability for last three years |
NO |
|
13. |
Reasons for variations <> 20% |
-- |
|
14. |
Estimation for coming financial year |
YES |
|
15. |
Capital in the business |
YES |
|
16. |
Details of sister concerns |
NO |
|
17. |
Major Suppliers |
NO |
|
18. |
Major Customers |
NO |
|
19. |
Payment terms |
YES |
|
20. |
Export / Import details (is applicable) |
YES |
|
21. |
Market information |
-- |
|
22. |
Litigation that the firm / promoter involved
in |
-- |
|
23. |
Banking Details |
YES |
|
24. |
Banking facility details |
NO |
|
25. |
Conduct of the banking account |
-- |
|
26. |
Buyer visit details |
-- |
|
27. |
Financials, if provided |
NO |
|
28. |
Incorporation details, if applicable |
-- |
|
29. |
Last accounts filed at ROC |
-- |
|
30. |
Major Shareholders, is available |
-- |
BUSINESS REVIEW
For the financial year
ended March 31, 2011, the Company has earned Profit before Interest,
Depreciation, Tax (EBITDA) of Rs.263.120 millions (Previous Year - Rs.356.776
millions) and Profit after Tax of Rs.56.347 millions (Previous Year -
Rs.215.855 millions). The total income for the year was Rs.2482.200 millions
(Previous Year Rs.2877.703 millions) and total expenditure was Rs.2219.080
millions (Previous Year Rs.2520.927 millions).
The Management
expects the positive trend in the next year.
FORM 8
|
Corporate identity number of the company |
U72200MH2002PLC138213 |
|
Name of the company |
AGS TRANSACT TECHNOLOGIES
LIMITED |
|
Address of the registered office or of the principal place of business in |
601-602, Trade World, B-Wing, Kamala Mill Compound, Senapati Bapat
Marg, Lower Parel, Mumbai – 400 013, |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10123885 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
YES Bank Limited 9th Floor, Nehru Centre, Discovery of E-Mail : shareholders@yesbank.in |
|
Nature of instrument creating charge |
Modification to Memorandum of Entry (Modification to existing Memorandum of Entry with Yes Bank dated
06.11.2008) |
|
Date of instrument Creating the charge |
18.10.2011 |
|
Amount secured by the charge |
Rs.250.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest For tenor <= 1 year : 1.00% p.a payable upfront (all inclusive) For tenor > 1 year : 1.25% p.a payable upfront or payable yearly
(all inclusive) Terms of Repayment BG (Performance) : Tenor: 39 M including claim period BG (Bid Bond) : Tenor: 12 M including claim period BG (Financial) : Tenor 12 M LC (Sight) : Validity 3 M LC (Usance) : Validity 3 M, Usance upto 6 M BC : Validity upto 6 M CC : Validity upto 12 M WCDL : upto 6 M Margin 10% in the form of FD in the name of the borrower Extent and Operation of the charge First pari passu charge by Equitable Mortgage on immovable properties |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
·
First pari passu charge by Equitable mortgage of
property situated at Unit no. 19, 20, 21, Sector 1, ·
First pari passu charge by Equitable mortgage of
property situated at Survey No. 173/1, 173/2, Ground Floor, Dabhel, Nani
Daman, ·
First pari passu charge by Equitable mortgage of
property situated at Survey No. 172/3, 173/3 and 173/4 (of Part A) Ground
Floor, Dabhel, Nani Daman, Daman- 396210 ·
First pari passu charge by Equitable mortgage of
property situated at Unit No 605/ 606, 6th Floor, Trade World, Kamala City
Compound, Senapati Bapat Marg, |
|
Particulars of the present modification |
First pari passu charge created by Equitable Mortgage of title deeds
for properties located at (1) Unit no. 19, 20, 21, (2) S No. 173/1, 173/2 , Ground Floor, Dabhel, (3) S No. 172/3, 173/3 and 173/4 (of Part of A), Ground Floor, Dabhel,
(4) Unit No 605/ 606, 6th Floor, Trade World, The existing charge on all current assets and movable fixed assets to
remain valid. |
FIXED ASSETS
·
Land
·
Office
·
Plant and Machinery
·
Furniture and Fixtures
·
Electrical Fittings
·
Office Equipments
·
Air Conditioners
·
Computer
·
Software
·
Tools and Equipments
·
Vehicle
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.51.83 |
|
|
1 |
Rs.79.42 |
|
Euro |
1 |
Rs.65.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
47 |
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.