MIRA INFORM
REPORT
|
Report Date : |
19.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
GEO INFORMATICS CONSULTANTS PRIVATE LIMITED |
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Registered
Office : |
A-36, Vikalp Apartment, Plot No.92, I.P. Extension, Patparganj, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
28.03.1995 |
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Com. Reg. No.: |
55-066838 |
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Capital
Investment / Paid-up Capital : |
Rs.0.150
million |
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CIN No.: [Company Identification
No.] |
U74899DL1995PTC066838 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELG11543A DELG07796F |
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PAN No.: [Permanent Account No.] |
AAACG4549B AAACG4593B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Service Provider of Office Equipment and Computer Software. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 20000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. 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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office : |
A-36, Vikalp Apartment, Plot No.92, I.P. Extension, Patparganj, |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branch Office : |
"GIC HOUSE" Building No. - 19, 1st and 2nd
Floor, Sector - 14, Kaushambi, |
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Tel. No.: |
91-120-2775115, 4160683 |
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Fax No.: |
91-120-2775116 |
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E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sanjeev Gandhi |
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Designation : |
Director |
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Address : |
A-36, Vikalp Apartment, Plot No.92, I.P. Extension, Patparganj, |
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Date of Birth/Age : |
23.05.1967 |
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Date of Appointment : |
28.03.1995 |
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DIN No.: |
00298566 |
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Name : |
Mrs. Nutan Gandhi |
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Designation : |
Director |
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Address : |
A-36, Vikalp Apartment, Plot No.92, I.P. Extension, Patparganj, |
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Date of Birth/Age : |
02.10.1969 |
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Date of Appointment : |
21.06.1999 |
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DIN No.: |
00298678 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sanjeev Gandhi |
|
4570 |
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Nutan Gandhi |
|
5430 |
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Krishan Dev Gandhi |
|
5000 |
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Total |
|
15000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
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Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Service Provider of Office Equipment and Computer Software. |
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Products/ Services : |
v
Consultancy/ Commissioning v
Sales/ Purchases of Equipment |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Oriental Bank of Commerce, Karol Bagh, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Manoj and Associates Chartered Accountants |
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Address : |
20, Chawla Complex, A-215, Shakarpur, |
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Tel. No.: |
91-11-22057814 |
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Mobile No.: |
91-9811129348 |
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Fax No.: |
91-11-22057814 |
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E-Mail : |
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PAN No.: |
ADXPJ1715D |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000 |
Equity Shares |
Rs.10/- each |
Rs.0.150
million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.150 |
0.150 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.050 |
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3] Reserves & Surplus |
4.864 |
3.184 |
1.876 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
5.014 |
3.334 |
2.026 |
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LOAN FUNDS |
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|
1] Secured Loans |
2.441 |
3.136 |
0.759 |
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2] Unsecured Loans |
1.384 |
0.657 |
0.000 |
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TOTAL BORROWING |
3.825 |
3.793 |
0.759 |
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DEFERRED TAX LIABILITIES |
0.155 |
0.106 |
0.120 |
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TOTAL |
8.994 |
7.233 |
2.905 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
8.786 |
5.856 |
6.649 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
0.000
|
0.693
|
0.000 |
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Sundry Debtors |
7.363
|
3.191
|
1.928 |
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Cash & Bank Balances |
0.580
|
2.736
|
1.974 |
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Other Current Assets |
0.000
|
0.000
|
0.000 |
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Loans & Advances |
1.795
|
2.058
|
1.464 |
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Total
Current Assets |
9.738
|
8.678
|
5.366 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
7.157
|
5.772
|
2.942 |
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Other Current Liabilities |
1.662
|
0.929
|
5.580 |
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Provisions |
0.711
|
0.600
|
0.588 |
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Total
Current Liabilities |
9.530
|
7.301
|
9.110 |
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Net Current Assets |
0.208
|
1.377
|
(3.744) |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
8.994 |
7.233 |
2.905 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Income |
23.084 |
15.510 |
19.139 |
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Other Income |
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TOTAL (A) |
23.084 |
15.510 |
19.139 |
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Less |
EXPENSES |
|
|
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|
20.645 |
2.054 |
4.922 |
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Administrative, Selling and Distribution Expenses |
|
10.168 |
11.503 |
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TOTAL (B) |
20.645 (including
financial and depreciation) |
12.222 |
16.425 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
3.288 |
2.714 |
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Less |
FINANCIAL EXPENSES (D) |
|
0.166 |
0.181 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
3.122 |
2.533 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
1.228 |
1.103 |
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PROFIT BEFORE
TAX (E-F) (G) |
2.439 |
1.894 |
1.430 |
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Less |
TAX (H) |
0.760 |
0.586 |
0.557 |
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PROFIT AFTER TAX
(G-H) (I) |
1.679 |
1.308 |
0.873 |
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EARNINGS IN FOREIGN
CURRENCY |
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Export Earnings |
1.917 |
4.321 |
9.044 |
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TOTAL EARNINGS |
1.917 |
4.321 |
9.044 |
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|
Earnings Per
Share (Rs.) |
111.95 |
126.14 |
87.30 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.27 |
8.43
|
4.56 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.17 |
13.03
|
11.90 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.49 |
0.57
|
0.71 |
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Debt Equity Ratio (Total Liability/Networth) |
|
2.66 |
3.33
|
4.87 |
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Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.19
|
0.59 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office of the company has been shifted from D-119, Ground Floor (Back), Preet Vihar, Delhi – 110 092 to the present address w.e.f. 03.11.2008.
FINANCIAL RESULTS
AND OPERATIONS:
During the year, the company had net Profit after depreciation and
interest Rs.2.439 millions (Previous Year Rs.1.894 millions). With the efforts
made by directors, the company is in position to achieved such turnover as well
as net profit. Directors are making more efforts for increasing the business as
well as profit of the company in near future.
CONTINGENT LIABILITIES: (As on 31.03.2011)
v Contingent Liabilities – Rs.0.971 million
FORM 8:
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U74899DL1995PTC066838 |
|
Name of the
company |
GEO INFORMATICS CONSULTANTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
D-119, Ground Floor (Back), Preet Vihar, |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
Oriental Bank of Commerce, Karol Bagh, E-Mail: bmoo12@obc.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Loan
DOC-5-Agreement of Tem Loan |
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Date of
instrument Creating the charge |
28.03.2007 |
|
Amount secured by
the charge |
Rs.0.700 million |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: i) 12% or such
other rate as may be fixed by the bank from time to time Ii) Penal
interest 2% p.a. over the normal rate of interest Terms of Repayment: 60 equal monthly
installments of Rs.0.015 million each. Margin: 25% Extent and
Operation of the charge: Hypothecation of
one New Scorpio Turbo 2.6 diesel valuing Rs.0.953 million. |
|
Short particulars
of the property charged |
i) Hypothecation
of one New Scorpio Turbo 2.6 diesel valuing Rs.0.953 million. ii) Pledge of
deposit receipts amounting to Rs.0.370 million. |
FIXED ASSETS:
v Computer
v Fax Machine
v Furniture
v Air Conditioners
v Demo Equipment
v Car
v
v Scanner
v Generator
v EPBX
v Cycle
v Refrigerator
v Television
WEBSITE DETAILS:
PROFILE:
Subject is an Indian Organization in technical collaboration with foreign organizations in the field of Sales and Marketing of various products and services for 3D Inspection, 3D Reverse Engineering, 3D CAD/CAM., Metrology, Design and Re-design, RPT, Third Party Inspection, Corporate and Educational Training. "Geo" word represents Geometry.
Subject is a "multi product" company thereby able to offer products and service depending on suitability of application. Subject provides both products and measurement services. By providing measurement services not only the organization gets benefits but also they learn real life problems of inspection which helps them in application based sales and marketing.
Subject has technical association with Various foreign companies specialized in 3D Inspection, 3D Reverse Engineering, 3D CAD/CAM, Metrology design and Re-design, RPT etc.
In addition to Metrology product subject has technical collaboration with foreign organizations in the field of Sales and Marketing of various products and system for Ballistic Parameter Measurement, Proof Range System, Interior/Exterior/Terminal, Parameter Measurement System ,Night Vision System, Laser Ranger Finder, Portable Weather Station, Detonator Based on Shock Wave, Bomb Cutting Machines, Survey System, Doppler Radar etc.
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.50.67 |
|
|
1 |
Rs.77.72 |
|
Euro |
1 |
Rs.64.63 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.