|
Report Date : |
10.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
CYBERACE INFOVISION PRIVATE LIMITED |
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Registered
Office : |
5/81 Om Sadguru Prasad Chs, New Shastri Nagar Goregaon (West), Mumbai
– 400104, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
03.01.2011 |
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Com. Reg. No.: |
11-211751 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U72900MH2011PTC211751 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC18614B |
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PAN No.: [Permanent Account No.] |
AAECC2518E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing IT and Networking Services. |
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No. of Employees
: |
50 (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 |
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Maximum Credit Limit : |
USD 520 |
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Status : |
New Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company establishing itself gradually.
Trade relations are reported as fair. Business is active. Payments are
reported to be slow. The company can be considered for normal business dealings on a
secured 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. Chirag |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-22-65507779 |
|
Date : |
09.05.2012 |
LOCATIONS
|
Registered Office : |
5/81 Om Sadguru Prasad Chs, New Shastri Nagar Goregaon (West), Mumbai
– 400104, Maharashtra, India |
|
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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Location : |
Owned |
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Corporate Office : |
22(1), Moonlight Complex, M.V. Road,
Andheri (East), Mumbai – 400069, Maharashtra, India |
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Tel. No.: |
91-22-65507778/9 |
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E-Mail : |
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Zonal Office : |
E-2, Gyan Sadan, Mansaram Park, Uttam
Nagar, New Delhi – 110 059,
India |
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Tel. No.: |
91-11-64627778 |
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E-Mail : |
DIRECTORS
As on 31.10.2011
|
Name : |
Mr. Kaushal Manish Panchal |
|
Designation : |
Director |
|
Address : |
5/81 Om Sadguru Prasad Chs, New Shastri Nagar Goregaon (West), Mumbai
– 400104, Maharashtra, India |
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Date of Birth/Age : |
25.02.1980 |
|
Date of Appointment : |
03.01.2011 |
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DIN No.: |
03328353 |
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Name : |
Mr. Pushp Ishwar Singh Chauhan |
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Designation : |
Director |
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Address : |
K-11, 5th Floor, Nav Sena Bagh-I, Opposite Yashwant Place, Chanakya
Puri, New Delhi – 110021, India |
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Date of Birth/Age : |
17.06.1974 |
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Date of Appointment : |
03.01.2011 |
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DIN No.: |
03341654 |
KEY EXECUTIVES
|
Name : |
Mr. Chirag |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.10.2011
|
Names of Shareholders |
|
No. of Shares |
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|
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|
Kaushal Manish Panchal |
|
5000 |
|
Pushp Ishwar Singh Chauhan |
|
5000 |
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Total |
|
10000 |
As on 31.10.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing IT and Networking Services. |
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Terms : |
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Selling : |
Cash and Credit (30 Days and 60 Days) |
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Purchasing : |
Cash and Credit (30 Days and 60 Days) |
GENERAL INFORMATION
|
Suppliers : |
·
Delta Networks Private Limited ·
Max Infosolution ·
Redingion (India) Limited ·
S R Network ·
Shri Kings ·
Somaiya and Company ·
Speedom Technologies ·
Wiz World |
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Customers : |
Education Institution ·
Bharatiya vidya Bhavan's ·
CTL Telecom Private Limited ·
Geeky Infotech ·
Kingfisher Airline Limited ·
Microlink Infonet Private Limited ·
Microware Communication ·
Unique Computers |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
ICICI Bank, Goregaon (West) Branch, Mumbai, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Somaiya and Company Chartered Accountants |
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Address : |
B-8, Plot No.24,Near Citi Centre, Jawahar Nagar, Goregaon (West),
Mumbai – 400064, Maharashtra, India |
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PAN.: |
AMBPS2005G |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
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|
SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
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|
0.100 |
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2] Share Application Money |
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|
0.000 |
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3] Reserves & Surplus |
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|
0.031 |
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4] (Accumulated Losses) |
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|
0.000 |
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NETWORTH |
|
|
0.131 |
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LOAN FUNDS |
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1] Secured Loans |
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|
0.00 |
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2] Unsecured Loans |
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|
0.628 |
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TOTAL BORROWING |
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|
0.628 |
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DEFERRED TAX LIABILITIES |
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|
0.001 |
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|
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TOTAL |
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|
0.760 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
|
0.042 |
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Capital work-in-progress |
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|
0.000 |
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INVESTMENT |
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DEFERREX TAX ASSETS |
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|
0.000 |
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|
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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|
0.000 |
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Sundry Debtors |
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|
0.811 |
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Cash & Bank Balances |
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|
0.173 |
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Other Current Assets |
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|
0.000 |
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Loans & Advances |
|
|
0.011 |
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Total
Current Assets |
|
|
0.995 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
|
|
0.236 |
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Other Current Liabilities |
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|
0.000 |
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Provisions |
|
|
0.061 |
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Total
Current Liabilities |
|
|
0.297 |
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Net Current Assets |
|
|
0.698 |
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MISCELLANEOUS EXPENSES |
|
|
0.020 |
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|
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TOTAL |
|
|
0.760 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
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SALES |
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Income |
|
|
1.441 |
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Other Income |
|
|
0.022 |
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TOTAL |
|
|
1.463 |
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|
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|
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Less |
EXPENSES |
|
|
|
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|
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Cost of Materials |
|
|
0.939 |
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Administrative & Other Expenses |
|
|
0.477 |
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TOTAL |
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|
1.416 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.047 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.001 |
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PROFIT BEFORE
TAX |
|
|
0.046 |
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Less |
TAX |
|
|
0.015 |
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PROFIT AFTER TAX
|
|
|
0.031 |
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Earnings Per
Share (Rs.) |
|
|
3.10 |
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Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
31.000 |
Expected Sales (2012-1013) : Rs.50.000 Millions
The above information has been parted by Mr. Chirag .
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
2.12 |
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Net Profit Margin (PBT/Sales) |
(%) |
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|
3.19 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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4.44 |
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Return on Investment (ROI) (PBT/Networth) |
|
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|
0.35 |
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Debt Equity Ratio (Total Liability/Networth) |
|
|
|
7.06 |
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Current Ratio (Current Asset/Current Liability) |
|
|
|
3.35 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
|
|
|
|
Sundry Creditors – Others |
0.236 |
|
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 |
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4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business• |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last one years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
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17) Major suppliers |
Yes |
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18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
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 |
Yes |
|
30) Major Shareholders, if available |
Yes |
REVIEW OF
OPERATIONS:
During the year ended 31st March, 2011 the Company’s operations resulted
in turnover of Rs.1.441 Millions from Software and Hardware Solutions of Information
Technology in its first year of Incorporation. The Company earned a Net Profit
after Taxes of Rs.0.031 Million.
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.53.46 |
|
|
1 |
Rs.86.27 |
|
Euro |
1 |
Rs.69.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
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 |
NO |
|
--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 |
|
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.