MIRA
INFORM REPORT
|
Report Date : |
19.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
PULSE E TECHNOLOGIES PRIVATE LIMITED (w.e.f. 06.05.2005) |
|
|
|
|
Formerly Known As
: |
PULSE POWER CONVERSION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-64, 2nd Floor, Soami Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
14.02.1991 |
|
|
|
|
Com. Reg. No.: |
55-043095 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.039
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1991PTC043095 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP03626A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP7403M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Software, Trading in Batteries and
Service Providers and Consultants in the field of Electronics etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 314000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The latest
financials of the company are not made available. As per previous year’s
records, the company is found to be performing well. Trade relations are reported as fair. Business is active. Payments are
reported to be unknown. The company can be considered 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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.09.2011) |
Current Rating (31.12.2011) |
|
|
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 : |
B-64, 2nd Floor, Soami Nagar, |
|
Tel. No.: |
91-11-25767970 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ranjeev Om Prakash Saluja |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
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|
Address : |
B-64, 2nd Floor, Soami Nagar, |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.06.1950 |
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|
Date of Appointment : |
22.11.2003 |
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|
DIN No.: |
00080689 |
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|
Other Directorship :
|
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Rakshita Ranjeev Saluja |
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|
Designation : |
Director |
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|
Address : |
B-64, 2nd Floor, Soami Nagar, |
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|
Date of Birth/Age : |
20.08.1982 |
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|
Date of Appointment : |
19.05.2010 |
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DIN No.: |
03047440 |
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shiv Kumar Raichand |
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|
Designation : |
Director |
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|
Address : |
A-248, Defence Colony, |
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|
Date of Birth/Age : |
02.01.1950 |
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Date of Appointment : |
07.02.2005 |
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DIN No.: |
01395039 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ranjeev |
|
10183 |
|
Roopa Ranjeev Saluja |
|
210 |
|
Total |
|
10393 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Software, Trading in Batteries
and Service Providers and Consultants in the field of Electronics etc. |
|
|
|
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Actual
Production |
|
Telecommunication and Transmission Electronic Equipments |
in Nos. |
255 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
|||||||||||||||
|
Bankers : |
Axis Bank Limited, 4/10, OPG House, |
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Facilities : |
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Budhraja Adlakha and Company Chartered Accountants |
|
Address : |
5/31 W.E.A, Karol Bagh, |
|
Tel. No.: |
91-11-25767970, 25767960 |
|
Fax No.: |
91-11-25714237 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB5210B |
|
|
|
|
Related Parties (Controlled by Directors) : |
v
Naji Aerotecnics Private Limited v
Gateway Techno Consultants Private Limited |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000 |
Equity Shares |
Rs.100/- each |
Rs.1.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10393 |
Equity Shares |
Rs.100/- each |
Rs.1.039
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.039 |
1.039 |
1.039 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
77.510 |
67.499 |
49.060 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
78.549 |
68.538 |
50.099 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.600 |
0.215 |
0.422 |
|
|
TOTAL BORROWING |
0.600 |
0.215 |
0.422 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
79.149 |
68.753 |
50.521 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
24.043 |
7.319 |
7.617 |
|
|
Capital work-in-progress |
0.000 |
2.831 |
2.831 |
|
|
|
|
|
|
|
|
INVESTMENT |
31.514 |
36.696 |
27.752 |
|
|
DEFERRED TAX ASSETS |
0.688 |
0.481 |
0.216 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
11.493
|
1.344 |
1.532
|
|
|
Sundry Debtors |
36.832
|
4.249 |
2.837
|
|
|
Cash & Bank Balances |
10.451
|
3.588 |
0.810
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
20.880
|
26.950 |
20.201
|
|
Total
Current Assets |
79.656
|
36.131 |
25.380 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
39.146
|
0.007 |
0.012 |
|
|
Other Current Liabilities |
2.593
|
2.013 |
7.998
|
|
|
Provisions |
15.013
|
12.685 |
5.265
|
|
Total
Current Liabilities |
56.752
|
14.705 |
13.275 |
|
|
Net Current Assets |
22.904
|
21.426 |
12.105
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
79.149 |
68.753 |
50.521 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
|
Income |
100.497 |
57.328 |
55.057 |
|
|
|
Other Income |
|
2.962 |
|
|
|
|
TOTAL |
100.497 |
60.290 |
55.057 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
86.691 |
|
32.448 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
86.691 |
29.131 |
32.448 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
13.806 |
31.159 |
22.609 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.296 |
1.561 |
1.401 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
11.510 |
29.598 |
21.208 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.499 |
11.159 |
4.379 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
10.010 |
18.439 |
16.829 |
|
|
|
|
|
|
|
|
|
|
VALUE OF IMPORTS
ON CIF BASIS |
43.676 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
991.75 |
1774.16 |
1619.26 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
9.96
|
30.58 |
30.57
|
|
|
|
|
|
|
|
Net Profit
Margin (PBT/Sales) |
(%) |
NA
|
51.63 |
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.10
|
68.12 |
64.27
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.43 |
0.42
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.73
|
0.22 |
0.27
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40
|
2.46 |
1.91
|
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of
Establishment |
Yes |
|
2) Locality of
the firm |
Yes |
|
3) Constitutions
of the firm |
Yes |
|
4) Premises
details |
No |
|
5) Type of
Business |
Yes |
|
6) Line of
Business |
Yes |
|
7) Promoter’s
background |
Yes |
|
8) No. of
employees |
No |
|
9) Name of person
contacted |
No |
|
10) Designation
of contact person |
No |
|
11) Turnover of
firm for last three years |
Yes |
|
12) Profitability
for last three years |
Yes |
|
13) Reasons for
variation <> 20% |
-- |
|
14) Estimation
for coming financial year |
No |
|
15) Capital in the
business |
Yes |
|
16) Details of
sister concerns |
Yes |
|
17) Major
suppliers |
No |
|
18) Major
customers |
No |
|
19) Payments
terms |
No |
|
20) Export /
Import details (if applicable) |
No |
|
21) Market
information |
-- |
|
22) Litigations that
the firm / promoter involved in |
-- |
|
23) Banking
Details |
Yes |
|
24) Banking
facility details |
Yes |
|
25) Conduct of
the banking account |
-- |
|
26) Buyer visit
details |
-- |
|
27) Financials,
if provided |
Yes |
|
28) Incorporation
details, if applicable |
Yes |
|
29) Last accounts
filed at ROC |
No |
|
30) Major
Shareholders, if available |
Yes |
BACKGROUND INFORMATION
Subject was incorporated in
FINANCIAL RESULTS:
The turnover of
the company has increased from 60.290 millions in the previous year to 100.497
millions in the current year. Profit before tax recorded a decrease from 29.598
millions in the previous year to 11.510 millions in the current year. However,
the Company is expecting better future prospects.
PRESENT AND FUTURE
OUTLOOK:
Liberlisation and
globalization have ushered in new realities. The changing economic scenario has
brought new opportunities on the one hand and increase in competition on the other.
The company has taken up the challenge and is following a policy of focusing on
its major strength of being a truly integrated Company.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74899DL1991PTC043095 |
|
Name of the
company |
PULSE E TECHNOLOGIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-64, 2nd Floor, Soami Nagar, E-Mail: consult@vsnl.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10213735 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Axis Bank Limited, 4/10, OPG House, E-Mail: form8.axisbank@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of entry
evidencing equitable mortgage by deposit of title deeds |
|
Date of
instrument Creating the charge |
08.07.2010 |
|
Amount secured by
the charge |
Rs.36.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: As per sanction
Letter No.AXISB/NZO/CR/2009-10/15884 dated 05.03.2010 and
AXISB/NZO/CR/2009-10/13624 dated 12.03.2010 TO be amended from time to time. Terms of Repayment: As per sanction
Letter No.AXISB/NZO/CR/2009-10/15884 dated 05.03.2010 and
AXISB/NZO/CR/2009-10/13624 dated 12.03.2010 TO be amended from time to time. Margin: As per sanction
Letter No.AXISB/NZO/CR/2009-10/15884 dated 05.03.2010 and AXISB/NZO/CR/2009-10/13624
dated 12.03.2010 TO be amended from time to time. Extent and
Operation of the charge: Extent and
Operation - 100% Others: The above is to
secure Bank Guarantee (One Time) Limit. |
|
Short particulars
of the property charged |
hypothecation by
way of first charge over all present and future current assets and movable
fixed assets (excluding vehicles) of the company stored or to be stored at
the company's godowns or premises or wherever else the same may be. |
|
Particulars of the
present modification |
BG Limit of
Rs.36.000 millions already secured by first charge over all present and
future current assets and movable fixed assets (excluding vehicles) of the
company shall now be also secured by equitable mortgage over company's immovable
property i.e. Plot No.222, Block-UU, Phase-IV, Udyog Vihar, Gurgaon,
measuring 450 sq. mtrs. together with all buildings and structures thereon or
to be thereon. |
FIXED ASSETS:
v
Land
v
Building
v
Plant and Machinery
v
Shunt Capacitor
v
Generator Set
v
Electric Fittings and Fixtures
v
Furniture and Fixtures
v
Dies and Jigs
v
Q.C. Instruments
v
Fire Fighting Equipment
v
Air Conditioner
v
v
Office Equipments
v
Computers
v
Security Systems
v
Testing Equipments
v
Tools
v
Car
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.55.34 |
|
|
1 |
Rs.86.55 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
35 |
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.