1. Summary Information
|
|
|
Country |
|
|
Company Name |
Agnes Systems PRIVATE LIMITED |
Principal Name 1 |
Mr. Ajay Bhayana |
|
|
|
Principal Name 2 |
Mr. Gaurav Bhayana |
|
Our Reference # |
181063 |
Registration # |
|
|
Street Address |
107, Samrat
Bhavan, Ranjit Nagar Complex, Patel Nagar, New Delhi – 110008, Delhi, India |
||
|
Established Date |
12.08.2011 |
SIC Code |
-- |
|
Telephone# |
91-11-47321975 |
Business Style 1 |
Dealer and Distributor of Samsung Telecom Products. |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
18 (In office) |
Product Name 2 |
-- |
|
Paid up capital |
100,000 |
Product Name 3 |
-- |
|
Shareholders |
Ajay Bhayana - 5000 |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
-- |
Business Period |
01 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
B |
|
Related
Company |
|||
|
Relation
-- |
Country
-- |
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
15,476,000 |
Current Liabilities |
2,495,000 |
|
Inventories |
6,247,000 |
Long-term Liabilities |
13,612,000 |
|
Fixed Assets |
491,000 |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
16,107,000 |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
6,107,000 |
|
Total Assets |
22,214,000 |
Total Liab. & Equity |
22,214,000 |
|
Total Assets (Previous Year) |
18,224,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
124,753,000 |
Net Profit |
3,517,000 |
|
Sales(Previous yr) |
45,498,000 |
Net Profit(Prev.yr) |
486,000 |
|
Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
Agnes Systems PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
107, Samrat Bhavan, Ranjit Nagar Complex, Patel Nagar, New Delhi –
110008, Delhi |
|
|
|
|
Country : |
|
|
|
|
|
Financial as on: |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.08.2011 |
|
|
|
|
Com. Reg. No.: |
223670 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL2011PTC223670 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA28811G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Distributor of Samsung Telecom Products. |
|
|
|
|
No. of Employees
: |
18 (In office) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 24428 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of Agnes Inc, a proprietory concern started in
the year 2009. Trade relations are reported as fair. Business is active.
Payments are 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 (30.06.2011) |
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 |
INFORMATION PARTED BY
|
Name : |
Mr. Ajay Bhayana |
|
Designation : |
Director |
|
Contact No.: |
91-9711600777 |
|
Date : |
26.05.2012 |
LOCATIONS
|
Registered Office : |
107, Samrat Bhavan, Ranjit Nagar Complex, Patel Nagar, New Delhi –
110008, Delhi, India |
|
Tel. No.: |
91-11-47321975 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
800sq.fts |
|
Location : |
Leased |
DIRECTORS
AS ON 12.08.2011
|
Name : |
Mr. Ajay Bhayana |
|
Designation : |
Director |
|
Address : |
B – 26, Banda Bahadur Apartments, Sector – 14, Rohini, Delhi – 110085,
Delhi, India |
|
Date of Birth/Age : |
28.05.1980 |
|
Qualification: |
Engineering |
|
Experience: |
08 years |
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 |
U74999DL2011PTC223670
|
Agnes Systems
Private Limited |
Director |
12/08/2011 |
12/08/2011 |
- |
Active |
NO |
|
Name : |
Mr. Gaurav Bhayana |
|
Designation : |
Director |
|
Address : |
B – 26, Banda Bahadur Apartments, Sector – 14, Rohini, Delhi – 110085,
Delhi, India |
|
Date of Birth/Age : |
03.12.1982 |
|
Qualification: |
Graduate |
|
Experience: |
08 years |
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 |
U74999DL2011PTC223670
|
Agnes Systems
Private Limited |
Director |
12/08/2011 |
12/08/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Bhayana |
|
5000 |
|
Gaurav Bhayana |
|
5000 |
|
Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Samsung Telecom Products. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Redington India Private Limited ·
Samsung |
|
|
|
|
Customers : |
Manprit Telecom |
|
|
|
|
No. of Employees : |
18 (In office) |
|
|
|
|
Bankers : |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel W,
Mumbai - 400013, Maharashtra, India |
|
|
|
|
Facilities : |
Cash Credit – Rs.7.500 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Asha Gulati Chartered Accountant |
|
Address : |
7/111, Geeta Colony, New Delhi – 110031, Delhi, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
6.107 |
3.723 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
6.107 |
3.723 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
7.487 |
2.306 |
|
|
2] Unsecured Loans |
|
6.125 |
5.105 |
|
|
TOTAL BORROWING |
|
13.612 |
7.411 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
19.719 |
11.134 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.491 |
0.349 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
6.247 |
3.437 |
|
|
Sundry Debtors |
|
12.318 |
8.333 |
|
|
Cash & Bank Balances |
|
0.279 |
5.829 |
|
|
Other Current Assets |
|
2.791 |
0.148 |
|
|
Loans & Advances |
|
0.088 |
0.128 |
|
Total
Current Assets |
|
21.723 |
17.875 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
1.437 |
0.000 |
|
|
Other Current Liabilities |
|
1.058 |
7.090 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
2.495 |
7.090 |
|
|
Net Current Assets |
|
19.228 |
10.785 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
19.719 |
11.134 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
124.753 |
45.498 |
|
|
|
Other Income |
|
3.436 |
0.763 |
|
|
|
TOTAL (A) |
|
128.189 |
46.261 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
116.945 |
43.223 |
|
|
|
Director Expenses |
|
0.540 |
0.000 |
|
|
|
Discount Allowed |
|
0.910 |
0.903 |
|
|
|
Car Repair and Maintenance Expenses |
|
0.759 |
0.000 |
|
|
|
Salary |
|
2.467 |
0.712 |
|
|
|
Other Expenses |
|
1.648 |
0.658 |
|
|
|
TOTAL (B) |
|
123.269 |
45.496 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
4.920 |
0.765 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
1.297 |
0.230 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
3.623 |
0.535 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.106 |
0.049 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT FOR
THE YEAR |
|
3.517 |
0.486 |
|
Expected Sales (2012-2013) : Rs.300.000 Millions
The above information has been parted by Mr. Ajay Bhayana (Director)
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
2.63 |
3.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
8.71 |
2.52 |
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 |
Yes |
|
5)
Type of Business |
Yes |
|
6)
Line of Business |
Yes |
|
7)
Promoter's background |
Yes |
|
8)
No. of employees |
Yes |
|
9)
Name of person contacted |
Yes |
|
10)
Designation of contact person |
Yes |
|
11)
Turnover of firm for last three years |
Yes |
|
12)
Profitability for last three years |
No |
|
13)
Reasons for variation <> 20% |
-- |
|
14)
Estimation for coming financial year |
Yes |
|
15)
Capital in the business |
Yes |
|
16)
Details of sister concerns |
No |
|
17)
Major suppliers |
Yes |
|
18)
Major customers |
Yes |
|
19)
Payments terms |
Yes |
|
20)
Export / Import details (if applicable) |
-- |
|
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 |
-- |
|
30)
Major Shareholders, if available |
Yes |
FORM 8:
|
Corporate identity number of the company |
U74999DL2011PTC223670 |
|
Name of the company |
Agnes Systems Private Limited |
|
Address of the registered office or of the
principal place of business in |
107, Samrat Bhawan, Ranjeet Nagar Complex,
Patel Nagar, New Delhi – 110008, Delhi, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of charge holder |
HDFC BANK LIMITED |
|
Nature of instrument creating charge |
Supplementary Letter of Hypothecation. |
|
Date of instrument Creating the charge |
05/05/2012 |
|
Amount secured by the charge |
Rs.32.500 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Interest at the rate as may be
communicated by the Bank from time to time. Terms of Repayment On demand. Margin As may be stipulated by the Bank from time
to time. Extent and Operation of the charge Hypothecation by way of First Charge on
Company's Stocks and Book Debts etc, as a continuing security as mentioned in
Column No.15 below to secure for the repayment of Rs.32.500 Millions together
with interest, costs, charges, expenses and other moneys due and payable by
the Company to the Bank. |
|
Short particulars of the property charged |
Stock in Trade, consisting of raw
materials, goods in process of manufacturing finished goods, and other
merchandise whatsoever being movable properties All the debts, that is, all
the book debts, outstandings, monies receivables, claims, bills, invoice
documents, contracts, guarantees, and rights |
|
Particulars of the property charged |
The Charge shall now stand increased from
Rs.17.500 Millions to Rs.32.500 Millions against the security of Stocks and Book
Debts of the Company. |
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 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.56.42 |
|
|
1 |
Rs.87.37 |
|
Euro |
1 |
Rs.69.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.