MIRA
INFORM REPORT
|
Report Date : |
06.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
CIS BUREAUS FACILITY SERVICES PRIVATE LIMITED |
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Registered
Office : |
609, Golden Chambers,
New |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
09.07.2004 |
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Com. Reg. No.: |
11-147397 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100
million |
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CIN No.: [Company Identification
No.] |
U74910MH2004PTC147397 |
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PAN No.: [Permanent Account No.] |
AACCC6334Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in providing security and facility management
solutions. |
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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 385000 |
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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 a satisfactory track record. Trade relations are
reported to be fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can
be considered for normal business dealings at usual trade terms and
condition. |
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) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: BBB- |
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Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation it carry moderate credit risk. |
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Date |
March, 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 : |
609, Golden
Chambers, New Link Road, Opposite Fun Republic, Andheri (West), Mumbai – 400
060, Maharashtra, India |
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Tel. No.: |
91-22-28777391 |
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Fax No.: |
91-22-28777391 |
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E-Mail : |
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Website : |
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Head Office : |
Grace Chambers, A-Wing, 2nd
Floor, Amrut Nagar, Andheri Kurla Road, Chakala Junction Andheri (East),
Mumbai – 400 093, Maharashtra, India |
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Tel. No.: |
91-22-67875858 |
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Zonal Office : |
Located at: ·
Nagpur ·
Kolhapur ·
Nashik ·
Solapur ·
Aurangabad ·
Vapi ·
Salcette (Goa) ·
Kalyan ·
Kota ·
Surat ·
Jodhpur ·
Indore ·
Jaipur ·
Thane (Maharashtra) |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Krishna Narsingrao Pimple |
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Designation : |
Director |
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Address : |
Flat No.504,
Varun Society, J.P. Road, Versova, Andheri (West), Mumbai – 400 061,
Maharashtra, India |
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Date of Birth/Age : |
12.11.1964 |
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Date of Appointment : |
09.07.2004 |
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DIN No.: |
00831421 |
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PAN No.: |
AABPP0016C |
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Name : |
Mrs. Sneha Krishna Pimple |
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Designation : |
Director |
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Address : |
Flat No.504, Varun
Society, J.P. Road, Versova, Andheri (West), Mumbai – 400 061, Maharashtra,
India |
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Date of Birth/Age : |
15.12.1968 |
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Date of Appointment : |
09.07.2004 |
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DIN No.: |
00831415 |
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PAN No.: |
AFPPP5524C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of
Shareholders |
Address |
No. of Shares |
|
Krishna Narsingrao Pimple |
Flat No.504,
Varun Society, J.P. Road, Versova, Andheri (West), Mumbai – 400 061,
Maharashtra, India |
750 |
|
Sneha Krishna Pimple |
Flat No.504,
Varun Society, J.P. Road, Versova, Andheri (West), Mumbai – 400 061,
Maharashtra, India |
250 |
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|
Total |
1000 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in providing security and facility management solutions. |
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Products/ Services : |
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GENERAL INFORMATION
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Customers : |
·
BSNL ·
IDBI Bank ·
Inorbit ·
Deepak Fertilisers and Petrochemicals ·
NCR ·
C-EDGE ·
DIEBOLD ·
Axis Bank ·
Federal Bank ·
FSS ·
HDFC Bank ·
Yes Bank ·
FAME ·
Tata Teleservices Maharashtra Limited |
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No. of Employees : |
Not Available |
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Bankers : |
Union Bank of India, Mahalaxmi Branch, Mahalaxmi Chambers, 22,
Bhulabhai Desai Road, Mumbai – 400 026, Maharashtra, India |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
Prashant Mittal and Associates Chartered Accountants |
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Address : |
306, Linkway
Estate Premises Co-Operative Society Limited, New Link Road, Above Greens
Restaurant, Malad (West), Mumbai - 400 064, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AMCPM6211B |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
101000 |
Equity Shares |
Rs.100/- each |
Rs.10.100 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100
million |
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As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100
million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100 million
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
96.094 |
53.792 |
24.360 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
96.194 |
53.892 |
24.460 |
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LOAN FUNDS |
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1] Secured Loans |
3.076 |
3.925 |
4.752 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.170 |
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TOTAL BORROWING |
3.076 |
3.925 |
4.922 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
99.270 |
57.817 |
29.382 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
16.206 |
10.374 |
9.055 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
1.200 |
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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
|
0.000 |
0.000 |
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Sundry Debtors |
330.222
|
174.682 |
138.838 |
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|
Cash & Bank Balances |
(87.915)
|
(9.756) |
12.555 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
25.827
|
21.621 |
11.219 |
|
Total
Current Assets |
268.134
|
186.547 |
162.612 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditors |
0.000
|
|
143.493 |
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Other Current Liabilities |
185.070
|
139.104 |
|
|
|
Provisions |
0.000
|
0.000 |
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Total
Current Liabilities |
185.070
|
139.104 |
143.493 |
|
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Net Current Assets |
83.064
|
47.443 |
19.119 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.008 |
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TOTAL |
99.270 |
57.817 |
29.382 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
|
NA |
NA |
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Other Income |
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NA |
NA |
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TOTAL |
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NA |
NA |
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Less |
TOTAL EXPENSES |
|
NA |
NA |
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PROFIT BEFORE
TAX |
|
NA |
NA |
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Less |
TAX |
|
NA |
NA |
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PROFIT AFTER TAX
|
|
42.302 |
29.432 |
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Earnings Per
Share (Rs.) |
|
42302.00 |
29432.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.03
|
0.07 |
0.20 |
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|
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Current Ratio (Current Asset/Current Liability) |
|
1.45
|
1.34 |
1.13 |
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 |
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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 |
No |
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9) Name of person contacted |
No |
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10) Designation of contact person |
No |
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11) Turnover of firm for last three years |
No |
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12) Profitability for last two years |
Yes |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
Yes |
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19) Payments terms |
No |
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20) Export / Import details (if
applicable) |
No |
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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 |
Yes |
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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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
Note:
The registered office of the company has been shifted from 203-A, Excel
House, 13, JVPD Road, Juhu, Mumbai – 400 049, Maharashtra to the present
address w.e.f. 09.07.2004
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer
WEBSITE DETAILS:
PROFILE:
Subject is a leading and renowned provider of security and facility management solutions.
They specialize in providing comprehensive end-to-end outsourced solutions and
service for sectors where security and safety risks are considered a strategic
threat, with domain knowledge and expertise in the assessment and management of
facilities, security and safety risks for Corporates, Industries, Townships,
ATM’s, Point of Sale Terminals, Self Service Kiosks, Infrastructure, Materials,
Valuables and People.
They remain at the center of all their customer challenges and work closely with their esteemed customers by continuously delighting them in all aspects of their relationship. They have over 50 Branch Offices in India with full-fledged staff and facilities and International offices and operations in Dubai, Abu Dhabi, Malaysia and Bangladesh.
NEWS:
CISB AWARDED A MULTI CRORE, MULTI YEAR
COMPREHENSIVE ATM NETWORK OUTSOURCING AND LIFE CYCLE MANAGEMENT CONTRACT FOR
THE STATE OF MAHARASHTRA BY BANK OF INDIA AND CONSORTIUM OF 26 PSU BANKS
CISB (CIS Bureaus Facility Services Private Limited)
headquartered in Mumbai, recently was awarded one of the largest, multi year
Comprehensive ATM Management Outsourcing Contract for the cluster of
Maharashtra State by a consortium of 26 PSU Banks including Bank of India, Bank
of Maharashtra, State Bank of India.
CISB will operate
and deliver this contract by partnering with leading Global and Indian majors.
Under this contract CISB will deliver 5476 ATM’s along
with all the associated services on a transaction based model. All new PSU
Bank ATM’s will be deployed under this new outsourced model. This will help PSU
Banks to drastically reduce Capital and Operational expenditure. With rising
Internet, Mobile and alternate banking channels opening up this initiative will
provide a major thrust to the financial inclusion plan launched by the
Government of India.
“We are making huge
investments in our ATM Outsourcing Business vertical and foresee a tremendous
demand and growth in this area. With the convergence of Telecom, Banking and
Information Technology and the thrust provided to financial inclusion by the
Indian Government we aim to stay at the cutting edge of Technology and
Leadership” said Mr. K.N. Pimple, Chairman and Managing Director of
CISB.
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.54.88 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.