|
Report Date : |
02.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANANTH
TECHNOLOGIES LIMITED |
|
|
|
|
Formally Known As : |
ANANTH
TECHNOLOGIES PRIVATE LIMITED (w.e.f. 12.06.1995) ANANTH
MICROTRONICS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Plot No. 39, Hitec
City, Phase-II, Madhapur, Hyderabad – 500081, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
17.08.1992 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.43.935 Millions |
|
|
|
|
Com. Reg. No.: |
01-014675 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U72200AP1992PLC014675 |
|
|
|
|
Legal Form : |
Closely Held
Public Limited Liability Company |
|
|
|
|
Line of Business : |
The company is engaged
in information technology services and fabrication and assembling of
High-tech electronic items based on customers requirement. Design and
Development of Digital Systems and Information Technology Services. |
|
|
|
|
No. of Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4782628 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Financial position of the company is satisfactory. Trade relations are fair.
Business is active. Payments are reported to be regular 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
|
Rating |
BB (ind) (National Long Term) |
|
Rating Explanation |
This rating indicate
an elevated vulnerability to default risk, particularly in the event of adverse
changes in business or economic conditions over time; however, business or
financial flexibility exists which supports the servicing of financial
commitments. |
|
Date |
22.03.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office / Head Office : |
Plot No. 39,
Hitec City, Phase-II, Madhapur, Hyderabad – 500081, Andhra Pradesh, India |
|
Tel. No.: |
91-40-66156789 / 66156615 |
|
Fax No.: |
91-40-66156531 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
INDIA RESEARCH AND DEVELOPMANT CENTERS Plot No. 593, 9th
A-Main 14th Cross, ISRO Layout, J.P. Nagar Post, Bangalore 560 078,
Karnataka, India No. 356/12, N.
S. C. Bose Road, Naktala, Kolkata-700 047, India Sai Gopasubba,
BNRA 85°, Bhagavathi Nagar, Kowdiar
P.O, Thiruvananthapuram– 695 041, India
|
DIRECTORS
AS ON 29.09.2012
|
Name : |
Dr. Subba Rao Pavuluri |
|
Designation : |
Chairman |
|
Address : |
Plot No. 1355 A,
Road No.45, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India |
|
Date of Birth/Age : |
05.08.1952 |
|
Date of Appointment : |
17.08.1992 |
|
DIN No : |
00053701 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the Company/
LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74140AP1991PLC012308
|
INDIAN RESOURCES
INFORMATION AND MANAGEMENT TECHNOLOGIES LIMITED |
Director |
08/02/1991 |
08/02/1991 |
- |
Active |
NO |
|
2 |
U72200AP1992PLC014675
|
ANANTH
TECHNOLOGIES LIMITED |
Managing
director |
17/08/1992 |
17/08/1992 |
- |
Active |
NO |
|
3 |
U40109AP1996PLC022844
|
ANANTH INFRA
PROJECTS LIMITED |
Director |
10/01/1996 |
10/01/1996 |
- |
Active |
NO |
|
4 |
U06599KA1999PTC025660
|
VYOMA MEDIA
PRIVATE LIMITED |
Director |
01/09/1999 |
01/09/1999 |
- |
Strike off |
NO |
|
5 |
L24110AP1990PLC011977
|
VIMTA LABS
LIMITED |
Director |
16/06/2003 |
16/06/2003 |
- |
Active |
NO |
|
6 |
U74999AP2004PTC044836
|
ANANTH IMPEX
PRIVATE LIMITED |
Director |
10/12/2004 |
10/12/2004 |
- |
Strike off |
NO |
|
7 |
U01120AP1996PLC022932
|
PRAGATI GREEN
MEADOWS AND RESORTS LIMITED |
Director |
29/09/2008 |
14/12/2007 |
19/05/2009 |
Active |
NO |
|
8 |
U74999AP2008PTC057194
|
ZETATEK
ENGINEERING SYSTEMS PRIVATE LIMITED |
Director |
18/01/2008 |
18/01/2008 |
- |
Active |
NO |
|
9 |
U72200AP2008PTC057647
|
ANANTH PHOENIX
INFOPARKS PRIVATE LIMITED |
Director |
18/02/2008 |
18/02/2008 |
- |
Active |
NO |
|
10 |
U29252AP2008PLC058876
|
SAMUHA
ENGINEERING INDUSTRIES LIMITED |
Director |
28/04/2008 |
28/04/2008 |
- |
Active |
NO |
|
11 |
U74900AP2008PLC061439
|
GAGAN AEROSPACE
LIMITED |
Director |
16/10/2008 |
16/10/2008 |
- |
Active |
NO |
|
12 |
U29305AP2010PTC067792
|
LATLONG SYSTEMS
PRIVATE LIMITED |
Director |
01/04/2010 |
01/04/2010 |
- |
Active |
NO |
|
13 |
U72200AP2011PTC072895
|
AONESAT
COMMUNICATIONS PRIVATE LIMITED |
Director |
24/02/2011 |
24/02/2011 |
- |
Active |
NO |
|
14 |
U72200AP2006PTC050642
|
SPACE ERA
MATERIALS AND PROCESSES PRIVATE LIMITED |
Director |
15/03/2012 |
15/03/2012 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Anantha Laxmi Pavuluri |
|
Designation : |
Director |
|
Address : |
Plot No. 1355 A, Road
No.45, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India |
|
Date of Birth/Age : |
22.04.1957 |
|
Date of Appointment : |
17.08.1992 |
|
DIN No : |
00053734 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74140AP1991PLC012308
|
INDIAN RESOURCES
INFORMATION AND MANAGEMENT TECHNOLOGIES LIMITED |
Director |
30/09/2010 |
08/02/1991 |
- |
Active |
NO |
|
2 |
U72200AP1992PLC014675
|
ANANTH
TECHNOLOGIES LIMITED |
Whole-time
director |
01/10/2010 |
17/08/1992 |
- |
Active |
NO |
|
3 |
U40109AP1996PLC022844
|
ANANTH INFRA
PROJECTS LIMITED |
Whole-time
director |
10/01/1996 |
10/01/1996 |
- |
Active |
NO |
|
4 |
U74999AP2004PTC044836
|
ANANTH IMPEX
PRIVATE LIMITED |
Director |
10/12/2004 |
10/12/2004 |
- |
Strike off |
NO |
|
5 |
U72200AP2011PTC072895
|
AONESAT
COMMUNICATIONS PRIVATE LIMITED |
Director |
24/02/2011 |
24/02/2011 |
- |
Active |
NO |
|
6 |
U74900AP2008PLC061439
|
GAGAN AEROSPACE
LIMITED |
Director |
16/12/2011 |
16/12/2011 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Koduru Iswara Varaprasad Reddy |
|
Designation : |
Director |
|
Address : |
Plot No. 1355 A,
Road No.45, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India |
|
Date of Appointment : |
01.06.1993 |
|
Date of Ceasing : |
13.11.2009 |
|
DIN No : |
00196148 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U21011AP1991PTC012978
|
TRUST HOUSE
TECHNICAL SERVICES PRIVATE LIMITED |
Director |
22/07/1991 |
22/07/1991 |
12/11/2010 |
Active |
NO |
|
2 |
U24110AP1993PLC015470
|
SHANTHA
BIOTECHNICS LIMITED |
Director |
30/08/2011 |
10/03/1993 |
- |
Active |
NO |
|
3 |
U72200AP1992PLC014675
|
ANANTH
TECHNOLOGIES LIMITED |
Director |
01/06/1993 |
01/06/1993 |
13/11/2009 |
Active |
NO |
|
4 |
U65993AP1995PTC019842
|
SVAS INVESTMENTS
PRIVATE LIMITED |
Director |
28/03/1995 |
28/03/1995 |
- |
Active |
NO |
|
5 |
U10200AP1995PTC018574
|
MERICLONE BIOLUK
PRIVATE LIMITED |
Director |
29/09/1995 |
29/09/1995 |
- |
Strike off |
NO |
|
6 |
U31300AP1996PTC026016
|
INDUS INSUL
PRIVATE LIMITED |
Director |
23/12/1996 |
23/12/1996 |
- |
Active |
NO |
|
7 |
U31909DD1998PLC004665
|
NED ENERGY
LIMITED |
Director |
11/12/1998 |
11/12/1998 |
29/09/2007 |
Active |
NO |
|
8 |
U24232AP2007PTC052719
|
SPARSHA PHARMA
INTERNATIONAL PRIVATE LIMITED |
Director |
12/02/2007 |
12/02/2007 |
- |
Active |
NO |
|
9 |
U85100AP2008PTC062090
|
SARVEJANA
HEALTHCARE PRIVATE LIMITED |
Director |
30/09/2009 |
11/01/2009 |
- |
Active |
NO |
|
10 |
U24100AP2009PTC062594
|
INDIAN INSTITUTE
OF BIOTECHNOLOGY PRIVATE LIMITED |
Director |
23/01/2009 |
23/01/2009 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. N. Narayanan |
|
Designation : |
Director |
|
Address : |
5, Pal Street, Karaikudi, Tamil Nadu, India |
|
Date of Appointment : |
01.12.1994 |
|
DIN No : |
00406915 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of appointment
at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U65991TN1993PTC024275
|
SRI AGATHIAR
INVESTMENTS PRIVATE LIMITED |
Managing
director |
29/01/1993 |
29/01/1993 |
05/09/2012 |
Active |
NO |
|
2 |
U72200AP1992PLC014675
|
ANANTH
TECHNOLOGIES LIMITED |
Director |
01/12/1994 |
01/12/1994 |
- |
Active |
NO |
|
3 |
U67120MH1994PLC080556
|
SCIL VENTURES
LIMITED |
Director |
13/03/1995 |
13/03/1995 |
- |
Active |
NO |
|
4 |
U67120AP2003PTC041705
|
ZEN COMTRADE
PRIVATE LIMITED |
Director |
17/09/2003 |
17/09/2003 |
- |
Active |
NO |
|
5 |
U67120AP1994PLC017525
|
ZEN SECURITIES
LTD |
Director |
07/02/2005 |
07/02/2005 |
- |
Active |
NO |
|
6 |
U72200AP2007PTC053078
|
ALDEA INFOTECH
PRIVATE LIMITED |
Director |
09/03/2007 |
09/03/2007 |
- |
Active |
NO |
|
7 |
U85100TN2007PTC064551
|
GSN SLEEP
NETWORK (INDIA) PRIVATE LIMITED |
Director |
29/08/2007 |
29/08/2007 |
- |
Active |
|
|
8 |
U55101TN2009PLC072733
|
KARAIKUDI
ANNALAKSHMI COMMERCIAL KITCHEN LIMITED |
Director |
31/08/2009 |
31/08/2009 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Raju Visweswara Dandu |
|
Designation : |
Director |
|
Address : |
201-204, 2nd Floor, Brindavan Apartments, Trimulgerry,
Secunderabad-500015, Andhra Pradesh, India |
|
Date of Birth/Age : |
22.11.1943 |
|
Date of Appointment : |
23.01.2002 |
|
DIN No : |
00330835 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U72200AP1992PLC014675
|
ANANTH
TECHNOLOGIES LIMITED |
Director |
23/01/2002 |
23/01/2002 |
- |
Active |
NO |
|
2 |
U64201AP2003PLC041270
|
JISNU COMMUNICATIONS
LIMITED |
Director |
02/07/2003 |
02/07/2003 |
- |
Active |
NO |
|
3 |
U45207AP1993PTC015961
|
JISNU INFRA
VENTURES PRIVATE LIMITED |
Director |
01/07/2005 |
01/07/2005 |
- |
Active |
NO |
|
Name : |
Mr. Vijayabalan Shashi Kumar |
|
Designation : |
Director |
|
Address : |
102-289/110/202, Shanti Nagar, Hyderabad-500028, Andhra Pradesh, India |
|
Date of Appointment : |
27.02.2010 |
|
DIN No : |
00022385 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U72200AP2000PTC035325
|
VIBRANT
DEVELOPERS PRIVATE LIMITED |
Director |
06/06/2003 |
06/06/2003 |
- |
Active |
NO |
|
2 |
U72200AP1992PLC014675
|
ANANTH
TECHNOLOGIES LIMITED |
Whole-time
director |
30/09/2011 |
27/02/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
NOTE: SHAREHOLDERS DETAILS FILE ATTACHED
AS ON 29.09.2012
|
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] |
|
1.03 |
|
Bodies corporate |
|
1.14 |
|
Directors or relatives of directors |
|
85.00 |
|
Other top fifty shareholders |
|
12.83 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is
engaged in information technology services and fabrication and assembling of
High-tech electronic items based on customers requirement. Design and Development
of Digital Systems and Information Technology Services. |
|
|
|
|
Products : |
·
Digital Systems ·
Information Technology Studies Services ·
Infrastructural Facilities ·
Wind Energy |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
State Bank of India, Industrial Finance Branch, Rajbhavan Road,
Somajiguda, Hyderabad-500082, Andhra Pradesh, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
Notes : Rupee term Loan under Rental Discounting
facility from Oriental 8ank of Commerce (Limit Rs.540000000) Outstanding as
at 31st March, 2012; Rs.404.857 Millions (Previous Year Rs. 486.199 Millions)
carries Interest @ 8R + 2%, repayable in 84 monthly installments of
Rs.6.428 Millions each. The loan is secured by extension of
mortgage of the land admeasuring 3.11 acres situated at Madhapur, Hyderabad
and the buildings constructed thereon present and future and lien on the rent
receivable from the lessees and guaranteed by two of the Directors In their
individual capacity, Hire purchase loans of Rs. 6.738 Millions
(Previous year Rs. 4.132 Millions) from HDFC Bank Ltd are secured by
hypothecation of the assets acquired with the loan amounts. Hire purchase loans repayable over a
period, ranging from 36 to SO monthly installments and the amount of
repayment per month is Rs,0.261 Million Unsecured loan from directors carries
interest @ 12% p,a, There are no continuing defaults as on the Balance
sheet date in repayment of all the above loans and interest thereon. Open
Cash Credit from Oriental Bank of Commerce Outstanding as at 31st
March,2012: Rs.143.449 Millions (Previous Year Rs. 169.824 Millions carries interest @ BR +
4%, is secured by Hypothecation of Stocks of Raw material, Stock-in
Process, Finished goods, Stores, Spares & Receivables
and collaterally secured by equitable mortgage of land admeasuring 3.11 acres
situated at Madhapur, Hyderabad and the buildings constructed thereon and
guaranteed by two of the Directors in their individual capacity. There are no continuing defaults as on the Balance sheet
date in repayment of above loan and
interest thereon.
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sarathy and Balu Chartered Accountant |
|
Address : |
# 12, Master Sai Apartments,
Somajiguda, Hyderabad – 500082, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23312442/23396336 |
|
Fax No.: |
91-40-23322463 |
|
E-Mail : |
|
|
|
|
|
Associates : |
· Gagan Aero Space Limited · Samuha Engineering Industries Limited · AOneSat Communications Private Limited |
|
|
|
|
Subsidiaries : |
·
Indian Resources Information and Management
Technologies Limited CIN No :
U74140AP1991PLC012308 ·
Ananth Phoenix Infoparks Private Limited CIN No : U72200AP2008PTC057647 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs. 10/- each |
Rs. 60.000 millions |
|
|
|
|
|
Issued:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4812410 |
Equity Shares |
Rs. 10/- each |
Rs. 48.124
millions |
|
|
|
|
|
Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4393460 |
Equity Shares |
Rs. 10/- each |
Rs. 43.935
millions |
|
|
|
|
|
Notes : of the above 249960 Equity Shares of Rs.10/-
each were allotted as fully paid up by way of Bonus Shares by capitalization of
profits and 1890000 Equity Shares of Rs. 10/- each were allotted as fully paid
up for consideration other than cash in earlier years.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
43.935 |
43.935 |
43.935 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1151.722 |
1096.150 |
1064.093 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1195.657 |
1140.085 |
1108.028 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
473.909 |
581.415 |
574.493 |
|
|
2] Unsecured Loans |
174.779 |
97.121 |
297.393 |
|
|
TOTAL BORROWING |
648.688 |
678.536 |
871.886 |
|
|
DEFERRED TAX LIABILITIES |
88.958 |
76.826 |
60.372 |
|
|
|
|
|
|
|
|
TOTAL |
1933.303 |
1895.447 |
2040.286 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1777.746 |
1798.639 |
1478.459 |
|
|
Capital work-in-progress |
3.033 |
3.033 |
272.548 |
|
|
|
|
|
|
|
|
INVESTMENT |
43.258 |
63.258 |
19.107 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
392.879
|
368.321
|
265.821
|
|
|
Sundry Debtors |
226.667
|
154.143
|
122.171
|
|
|
Cash & Bank Balances |
59.871
|
120.559
|
34.802
|
|
|
Other Current Assets |
8.199
|
3.932
|
0.000
|
|
|
Loans & Advances |
168.053
|
136.196
|
84.538
|
|
Total
Current Assets |
855.669
|
783.151
|
507.332
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
98.301
|
66.539
|
109.201
|
|
|
Other Current Liabilities |
635.646
|
672.245
|
118.628
|
|
|
Provisions |
12.456
|
13.850
|
11.472
|
|
Total
Current Liabilities |
746.403
|
752.634
|
239.301
|
|
|
Net Current Assets |
109.266
|
30.517
|
268.031
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
2.141 |
|
|
|
|
|
|
|
|
TOTAL |
1933.303 |
1895.447 |
2040.286 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
654.283 |
431.275 |
331.156 |
|
|
|
Other Income |
13.914 |
4.649 |
15.412 |
|
|
|
TOTAL (A) |
668.197 |
435.924 |
346.568 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials Consumed and Other Direct Expenses |
309.765 |
163.052 |
80.046 |
|
|
|
Employees Remuneration |
71.592 |
83.785 |
88.658 |
|
|
|
Increase/(Decrease) in Finished Goods |
(24.947) |
(102.783) |
0.000 |
|
|
|
Other Expenses |
90.825 |
98.495 |
29.339 |
|
|
|
TOTAL (B) |
447.235 |
242.549 |
198.043 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
220.962 |
193.375 |
148.525 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
96.951 |
97.055 |
71.213 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
124.011 |
96.320 |
77.312 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
29.005 |
26.067 |
18.931 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR YEAR TAX
ADJUSTMENTS |
0.000 |
0.000 |
0.108 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
95.006 |
70.253 |
58.273 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
31.774 |
30.512 |
22.209 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
63.232 |
39.741 |
36.064 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
149.218 |
121.162 |
96.808 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
4.500 |
4.000 |
4.000 |
|
|
|
Dividend |
6.590 |
6.590 |
6.590 |
|
|
|
Tax on Dividend |
1.069 |
1.095 |
1.120 |
|
|
BALANCE CARRIED
TO THE B/S |
200.291 |
149.218 |
123.162 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.00 |
9.00 |
8.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
9.46
|
9.12
|
10.41
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.52
|
16.28
|
17.60
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.61
|
2.72
|
2.93
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.06
|
0.05
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.54
|
0.59
|
0.79
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.04
|
2.12
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
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 |
No |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
No |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
REVIEW OF OPERATIONS
The directors are happy to report
that profit after tax of Rs.63.232
Millions as compared to Rs. 39.741 Millions in the previous year.
The company continued to receive
valuable orders from ISRO, VSSC, RCI and ASL. The Order book of the company for
Information Studies jobs and Digital Systems is quite satisfactory and the
company is marching ahead and is poised for big growth in the years to come.
SUBSIDIARY COMPANIES:
The Company's wholly owned
subsidiary company, Indian Resources Information and Management Technologies
Limited has performed well and continued to receive orders in the fields of
Cadastral survey, map making and other resource management services.
Another wholly owned subsidiary
company, Ananth Phoenix Infoparks Private Limited for implementation of SEZs,
is yet to start the operations.
Statement U/s 212 of the Companies
Act, 1956 relating to the Subsidiary Companies and their annual accounts are
attached hereto.
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computers and Assessories
·
Office Equipments
·
Furniture and Fixtures
·
Motor Vehicles
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 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.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.