MIRA
INFORM REPORT
|
Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
NEOTERIC INFOMATIQUE LIMITED [w.e.f. 01.07.2000] |
|
|
|
|
Formerly Known
As : |
NEOTERIC INFOMATIQUE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A -23 Shriram
Industrial Estate, 13, G.D. Ambedkar Road, Wadala, Mumbai – 400031,
Maharashtra |
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|
|
Country : |
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Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
21.03.1997 |
|
|
|
|
Com. Reg. No.: |
11-106787 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.114.540
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1997PLC106787 |
|
|
|
|
IEC No.: |
0397004281 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN05580B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN3140K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Trader, Dealer and Distributor of Computer Peripherals, Scanners, Casting, Monitors, etc. |
|
|
|
|
No. of Employees
: |
750 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (37) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 1920000 |
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|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. There
appears huge external borrowings recorded by the company. The profitability
of the company also appears low. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A4 + [Bill Discounted and Letter of Credit placed on notice of
withdrawal] |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
02.04.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
BB + [Cash Credit placed on notice of withdrawal] |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
02.04.2012 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Rao |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9892912023 |
LOCATIONS
|
Registered / Branch Office : |
A -23 Shriram Industrial
Estate, 13, G.D. Ambedkar Road, Wadala, Mumbai – 400031, Maharashtra, India |
|
Tel. No.: |
91-22-42309600/32577600/24172600/40859666 |
|
Fax No.: |
91-22-42309620/24172600/24163637 |
|
E-Mail: |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Head Office : |
Unit No. U0201, 2nd Floor, Matulay Centre, A-249, Lower Parel, Mumbai, Maharashtra, India |
|
|
|
|
Corporate Office : |
21 A, |
|
Tel. No.: |
91-22-40859600 |
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Fax No.: |
91-22-40859694 |
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E-Mail: |
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|
|
|
|
Warehouse : |
P 12, Eastern
Warehouse, |
|
|
|
|
Service Centre: |
13, Kala Bhavan,
3rd Floor, 3, Mathew Road, Opera House, Mumbai-400004, Maharashtra,
India |
|
Tel No.: |
91-22-43119700 |
|
Email: |
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|
|
|
Branch Office
: |
Also Located At :
|
DIRECTORS
AS ON 31.12.2011
|
Name : |
Mr. Paras Shah |
|
Designation : |
Chairman |
|
Address : |
1402,
Rajul Apartment 9, Harkness Road, Mumbai -400006, Maharashtra, India |
|
Qualification : |
Computer Engineer from |
|
Date of Appointment : |
01.10.2002 |
|
DIN No. : |
00151509 |
|
|
|
|
Name : |
Mr. Harshad D.
Shah |
|
Designation : |
Non
Executive Chairman |
|
Address : |
1402,
Rajul Apartment 9, Harkness Road, Mumbai -400006, Maharashtra, India |
|
Qualification : |
Intermediate |
|
Date of Appointment : |
01.10.2002 |
|
DIN No. : |
00151651 |
|
|
|
|
Name : |
Mr. Satya Prasan
Rajguru |
|
Designation : |
Non-Executive Director |
|
Address : |
6/11, Sarvapriya Vihar, New Delhi- 110 016, Delhi, India |
|
Qualification : |
Business and Law Graduate |
|
Date of Appointment : |
21.10.2005 |
|
DIN No. : |
00865254 |
|
|
|
|
Name : |
Mr. Ramswamy Srinivasan |
|
Designation : |
Non-Executive Director |
|
Address : |
B-703/704, Suresh Smruti,
Prathmesh Complex, Veera Desai Road, Andheri (West), Mumbai -400 053, Maharashtra,
India |
|
Qualification : |
MBA from XLRI and Doctoral
Scholar of BITS, Pilani, Rajasthan |
|
Date of Appointment : |
01.03.2006 |
|
DIN No. : |
02019206 |
|
|
|
|
Name : |
Mr. Jayant Rastogi |
|
Designation : |
Independent Director |
|
Address : |
Flat No. 1403, 14th
Floor, Greenwood, Hiranandani Estate, Pokhran GB Road, Thane (West) – 400
607, Maharashtra, India |
|
Qualification : |
B. E. (Mech.) from Government
Engineering College, Jabalpur (Madhya Pradesh) |
|
Date of Appointment : |
02.04.2008 |
|
DIN No. : |
02129608 |
|
|
|
|
Name : |
Mr. Hemant Nerurkar |
|
Designation : |
Independent Director |
|
Address : |
5, Swapan Lok Darshan, Military, Road,
Marol, Mumbai – 400059, |
|
Qualification : |
Master of Science in Electrical
Engineering from |
|
Date of Appointment : |
02.04.2008 |
|
DIN No. : |
00627401 |
KEY EXECUTIVES
|
Name : |
Mr. Rao |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
AS ON 31.12.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
7.87 |
|
Directors
or relatives of directors |
|
91.77 |
|
Other
top fifty shareholders |
|
0.36 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Dealer and Distributor of Computer Peripherals, Scanners, Casting, Monitors, etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers |
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No. of Employees : |
750 [Approximately] |
|||||||||||||||||||||
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|||||||||||||||||||||
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Bankers : |
Tel
No.: 91-22-22883102
·
Standard Chartered Bank, 2nd Floor, 270 D.N. Road, Fort, Mumbai
– 400001, Maharashtra, India ·
IDBI
Bank Limited, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai-400005, Maharashtra,
India ·
Kotak
Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D. Nariman Point,
Mumbai-400021, Maharashtra, India |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
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Facilities : |
Working Capital Rs.2120.000 Millions [From Kotak Mahindra Bank
Limited]
|
|||||||||||||||||||||
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Devanand Chaturvedi Chartered Accountants |
|
Address : |
320, Tulsiani Chambers, Nariman Point, Mumbai-400021, Maharashtra,
India |
|
Pan No.: |
AABFC7158A |
|
|
|
|
Associates/Subsidiaries : |
Neoteric Pte Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
18000000 |
Equity Shares |
Rs.10/- each |
Rs.180.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
11454075 |
Equity Shares |
Rs.10/- each |
Rs.114.540
Millions |
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 |
|
114.540 |
104.540 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
367.890 |
224.450 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
482.430 |
328.990 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
915.270 |
297.580 |
|
|
2] Unsecured Loans |
|
115.740 |
145.530 |
|
|
TOTAL BORROWING |
|
1031.010 |
443.110 |
|
|
DEFERRED TAX LIABILITIES |
|
3.630 |
4.110 |
|
|
|
|
|
|
|
|
TOTAL |
|
1517.070 |
776.210 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
37.310 |
27.620 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
16.720 |
11.720 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
1329.270 |
1105.750 |
|
|
Sundry Debtors |
|
1517.070 |
1167.490 |
|
|
Cash & Bank Balances |
|
87.780 |
107.860 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
165.920 |
130.080 |
|
Total
Current Assets |
|
3100.040 |
2511.180 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
983.380 |
850.630 |
|
|
Other Current Liabilities |
|
632.150 |
896.460 |
|
|
Provisions |
|
26.340 |
32.090 |
|
Total
Current Liabilities |
|
1641.870 |
1779.180 |
|
|
Net Current Assets |
|
1458.170 |
732.000 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
4.870 |
4.870 |
|
|
|
|
|
|
|
|
TOTAL |
|
1517.070 |
776.210 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
13728.300 |
10638.410 |
|
|
|
Other Income |
|
6.960 |
0.000 |
|
|
|
TOTAL |
|
13735.260 |
10638.410 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
12991.140 |
10103.260 |
|
|
|
Personnel Expenses |
|
253.070 |
184.920 |
|
|
|
General and Administrative Expenses |
|
195.750 |
146.740 |
|
|
|
Sales and Marketing Expenses |
|
22.810 |
25.900 |
|
|
|
TOTAL |
|
13462.770 |
10460.820 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
272.490 |
177.590 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
|
103.440 |
77.560 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
169.050 |
100.030 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
|
6.550 |
6.710 |
|
|
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE
FLUCTUATION |
|
83.980 |
(3.290) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
79.300 |
96.610 |
|
|
|
|
|
|
|
|
|
|
TAX |
|
25.860 |
30.070 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
53.440 |
66.540 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
188.470 |
121.920 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
241.910 |
188.460 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
4.77 |
6.37 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
0.39 |
0.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.57 |
0.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
2.53 |
3.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.16 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
5.54 |
6.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.89 |
1.41 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.06.2011 |
30.06.2010 |
30.06.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
114.540 |
104.540 |
104.540 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
345.380 |
188.660 |
128.670 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
459.920 |
293.200 |
233.210 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
566.390 |
433.810 |
349.630 |
|
|
2] Unsecured Loans |
92.940 |
149.960 |
74.040 |
|
|
TOTAL BORROWING |
659.330 |
583.770 |
423.670 |
|
|
DEFERRED TAX LIABILITIES |
4.370 |
4.500 |
6.400 |
|
|
|
|
|
|
|
|
TOTAL |
1123.620 |
881.470 |
663.280 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
28.920 |
26.880 |
30.810 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
11.720 |
3.360 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1079.900
|
879.010
|
561.740
|
|
|
Sundry Debtors |
1324.170
|
1140.610
|
845.990
|
|
|
Cash & Bank Balances |
147.380
|
74.880
|
52.130
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
91.780
|
110.650
|
185.010
|
|
Total
Current Assets |
2643.230
|
2205.150 |
1644.870 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
705.770
|
571.530
|
|
|
Other Current Liabilities |
1529.960
|
621.700
|
431.530
|
|
|
Provisions |
35.160
|
31.320
|
14.210
|
|
Total
Current Liabilities |
1565.120
|
1358.790
|
1017.270
|
|
|
Net Current Assets |
1078.110
|
846.360
|
627.600
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
4.870 |
4.870 |
4.870 |
|
|
|
|
|
|
|
|
TOTAL |
1123.620 |
881.470 |
663.280 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.06.2011 |
30.06.2010 |
30.06.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11157.430 |
9952.030 |
10005.500 |
|
|
|
Other Income |
2.280 |
2.580 |
0.650 |
|
|
|
TOTAL |
11159.710 |
9954.610 |
10006.150 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
10601.860 |
9496.510 |
9455.680 |
|
|
|
Personnel Expenses |
200.340 |
147.080 |
167.890 |
|
|
|
General & Administrative Expenses |
158.600 |
127.740 |
139.840 |
|
|
|
Sales & Marketing Expenses |
29.410 |
19.500 |
23.560 |
|
|
|
TOTAL |
10990.210 |
9790.830 |
9786.970 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
169.500 |
163.780 |
219.180 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
73.400 |
69.350 |
87.470 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
96.100 |
94.430 |
131.710 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
7.180 |
5.300 |
7.070 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX AND EXCEPTIONAL ITEMS |
88.920 |
89.130 |
124.640 |
|
|
|
|
|
|
|
|
|
Add/ Less |
FOREIGN EXCHANGE
FLUCTUATION |
(16.100) |
(4.310) |
80.390 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX AND AFTER EXCEPTIONAL ITEMS |
105.020 |
93.430 |
44.250 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
35.020 |
29.510 |
16.840 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
70.000 |
63.920 |
27.410 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
119.400 |
85.480 |
88.060 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
30.000 |
30.000 |
30.000 |
|
|
BALANCE CARRIED
TO THE B/S |
159.400 |
119.400 |
85.470 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
16.080 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
6.69 |
6.11 |
2.45 |
|
|
|
Diluted |
6.69 |
6.11 |
2.45 |
|
KEY RATIOS
|
PARTICULARS |
|
30.06.2011 |
30.06.2010 |
30.06.2009 |
|
PAT / Total Income |
(%) |
0.63
|
0.64
|
0.27
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.94
|
0.94
|
0.44
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.93
|
4.18
|
2.64
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.32
|
0.19
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.84
|
6.63
|
6.18
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.69
|
1.53
|
1.62
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
Sundry Creditors |
983.380 |
850.630 |
|
Particulars |
30.06.2011 (Rs. in millions) |
30.06.2010 (Rs. in millions) |
30.06.2009 (Rs. in millions) |
|
Sundry Creditors |
NA |
705.770
|
571.530
|
|
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 |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last five years |
Yes |
|
12] |
Profitability for last five 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 |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 Unit No. 20-B, 2nd Floor, Shreeram Industrial Estate, 13, G.D.A.K. Road, Wadala, Mumbai-400031, Maharashtra, India to the present address w.e.f. 16.02.2008.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Short Term Loan From Members |
115.740 |
145.530 |
|
TOTAL
|
115.740 |
145.530 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
10192808 |
|
Corporate identity number of the company |
U30007MH1997PLC106787 |
|
Name of the company |
NEOTERIC INFOMATIQUE LIMITED |
|
Address of the registered office or of the
principal place of business in |
A -23 Shriram
Industrial Estate, 13, G.D. Ambedkar Road, Wadala, Mumbai – 400031,
Maharashtra, India |
|
Type of charge |
Book Debts Movable Property (not being pledge) |
|
Particular of charge holder |
IDBI Bank Limited, IDBI Tower, WTC
Complex, Cuffe Parade, Mumbai-400005, Maharashtra, India |
|
Email |
|
|
Nature of description of the instrument
creating or modifying the charge |
Supplemental Deed of Hypothecation dated
01.06.2011 executed by the company in favour of IDBI Bank Limited (IDBI) to
secure enhanced WCF of Rs.110.000 Millions
(enhanced from Rs.70.000 Millions
to Rs.110.000 Millions) on pari passu charge basis by way of
hypothecation on entire current assets of the company including stocks and
receivables both present and future. |
|
Date of instrument Creating the charge |
01.06.2011 |
|
Amount secured by the charge |
Rs.110.000 Millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest As per the Supplemental Facility agreement
dated 01/06/2011 executed by the Company in favour of IDBI as amended from
time to time. Terms of Repayment As per the Supplemental Facility agreement
dated 01/06/2011 executed by the Company in favour of IDBI as amended from
time to time. Margin As per the Supplemental Facility agreement
dated 01/06/2011 executed by the Company in favour of IDBI as amended from
time to time. Extent and Operation of the charge He charge operates as security inter alia
on 1. First pari passu charge by way of
hypothecation of entire current assets of the Company including stocks and
receivables, both present and future and 2. First charge by way of hypothecation on
entire movable fixed assets of the Company including plant and machinery, to
secure the WCF of Rs. 110.000 Millions together with all costs, expenses and
other monies whatever stipulated in the SFA dated 01/06/2011 as amended from
time to time. |
|
Short particulars of the property charged |
I) Entire current assets of the Company including stocks and receivables, both present and future, Entire movable fixed assets of the company including plant and machinery II) More particularly described in the Deed of Hypothecation dated 17/12/2009 and Supplemental Deed of Hypothecation dated 01/06/2011 executed by the company in favour of IDBI |
|
Particulars of the present
modification |
Supplemental Deed of Hypothecation dated
01.06.2011 executed by the company in favour of IDBI Bank Limited (IDBI) to
secure enhanced WCF of Rs.110.000 Millions (enhanced from Rs.70.000 Millions
to Rs.110.000 Millions) on pari passu charge basis by way of hypothecation on
entire current assets including stocks and receivables both present and
future and entire movable fixed assets of the company. |
FIXED ASSETS:
- Plant and machinery
- Furniture and fixtures
- Vehicles
- Software
PRESS RELEASE:
UMAX LAUNCHES A STYLISH NEW RANGE OF CASTINGS
SOON TO LAUNCH A
BRAND NEW SERIES OF GAMING CASINGS
Mumbai November 24th - Taking the philosophy of a new beginning, another step forward, UMAX launched a new series of casings. UMAX who is recognized for its value for money products and focused approach, together with its exclusive distributor neoteric infomatique is now focusing on providing a wider range of choice to its customers.
This fantastic new range of stylish and chic casings boast of strength and superior quality, with a UV finish and versatile look that sets them apart .UMAX is focusing on providing a varied range to its customers, and now offers 8 models in the Mid range and 9 models in the Hi end range in addition to its entry level casings.
Commenting on the same Mr. Mrugesh Devani, Senior Business Manager, neoteric also added, "Our launch of a new series of casings is a step forward in bringing great products at competitive prices, to our valued customers. We will soon be launching a brand new range of dynamic gaming casings as well."
F1 Services, the service arm of neoteric will be the authorized service provider for all UMAX Post-Sales Support services spread across 95 locations. F1 services is ISO 9002:2008 certified.
ABOUT UMAX
Novax Technologies, Inc. is an affiliate of the PowerChip Semiconductor Corp. and UMAX Group. In addition to PSC and CEON branded Memory devices and DRAM modules, Flash Memory cards, and USB storage devices; Novax's product range also includes award-winning imaging peripherals of UMAX products. While the PowerChip and UMAX Group excels in manufacturing and design, Novax focuses on providing customers with superior quality of service, software and products. Consumer and customer-driven, Novax has fostered strong partnership with main computer component vendors in the industry with benefits to the customers include - Delivering Reliable Products, Providing Stable Supplies, Acquiring Competitive Prices and Ensuring Speedy and Flexible Services.
ABOUT NEOTERIC
Neoteric infomatique Limited is one of India's leading national IT distributors. Since our inception in 1991, we have been bringing the latest products and technology solutions to the market and finding new ways to add value to our customers. Our understanding of the channel business and close association with leading vendors has enabled us to be the vital link in the technology value chain. neoteric today has a network of 46 branches spread across India reaching 10,000+ partners in 500 cities.
WACOM ADDS A SPLASH
OF COLOUR TO THE BAMBOO STYLUS
PREMIUM DESIGN, NEW
SOFT-TOUCH FINISH AND ELEGANT COLOURS DRAW ON STRONG PEN HERITAGE
October 18, 2011, Mumbai: Following the successful launch of its original Bamboo Stylus in April, Wacom today, October 13, 2011, announces its new range of coloured pens matching Apple's® iPad® Smart Covers.
Available in white, blue, green, orange and pink, the coloured Bamboo Styluses are a perfect match for all iPad owners seeking the must-have device for content creation. While retaining the premium design and feel of the Bamboo Stylus, users can enjoy using the iPad for note-taking, annotation, drawing, sketching and visual thinking.
With the proven precision nib, which is up to 25 per cent slimmer than its competition, Wacom now also offers exchangeable nibs to suit the usage needs of iPad owners. Beside the soft standard nib, alternatives, such as more solid, robust nibs will soon be available on the market.
The pen coating's shiny, soft-touch finish exudes the premium quality which Wacom is renowned for. While simple, the appealing design continues to express the company's unmatched heritage in pen input devices.
Complementing the Stylus perfectly is Wacom's popular Bamboo Paper app. The app, which is free of charge, received more than a million downloads within 11 days of launch earlier this year. It is ideal for realistic and intuitive note-taking and sketching. With the launch of Bamboo Paper's free version, which is perfect for desktop use with a Wacom tablet, all Paper notes can now be shared between iPad and Mac or PC to offer a complete user experience.
FEATURES AND BENEFITS
· Elegant colour options to match the Apple iPad smart cover (white, blue, green, orange and pink)
· Smooth soft conductive rubber nib for best pen-on-screen feeling
· Improves experiences with applications for note-taking and sketching
· 25 percent slimmer tip than main competitors (6mm vs. 8mm)
· Exchangeable pen nib
· Weight-balanced design
· Compatible with all media tablets using the same capacitive touch technology as the iPad
· 9mm pen barrel
· 120mm pen length
· Pen weight: 20g
BAMBOO COLOURED STYLUS
AVAILABILITY AND PRICING
Available from 13th October, Bamboo coloured Styluses are priced at Rs.0.002 million each, and are distributed by neoteric infomatique.
ENJOY COMPUTING WITH
A BOOST OF BAMBOO
Creating, editing and sharing images and documents is now made easier with the new wireless, interactive Bamboo pen tablet from Wacom
October 13, 2011, New Delhi: To meet the needs of the increasing number of social and creative computer users, Wacom today, October 13, 2011, launches an all-new line-up of its market-leading Bamboo tablets. The multi-touch and pen tablets now boast wireless capability, allowing users more flexibility to bring ideas and creativity to life through an intuitive, versatile and fun computing experience.
Ideal for everyone that wants to create personalised digital content and use a more intuitive input device, Bamboo enables anyone to express their creativity. The range of colourful interactive tablets includes the Bamboo Fun (medium), the Bamboo Pen and Touch (small) and the Bamboo Pen (small). The lightweight Pen and Touch and Fun models are now wireless capable and ideal for working while relaxing on the sofa or taking out and about. Users can benefit from hours of cable-less freedom. In addition, the improved design and combination of multi-touch and pen-on-paper-feel technology delivers a more connected, inspiring and fun way to use a computer.
PRECISE PEN AND
MULTI-TOUCH EXPERIENCE
For fast, easy navigation of PCs or Macs, all Bamboo tablets combine the pressure-sensitive, battery-free and cordless pen experience with multi-touch functionality that Wacom is renowned for. The pen's design has been improved. Now offering a more aesthetic shape due a new soft touch grip area, improved pen buttons and new eraser shape, it still maintains the impressive 1024 pressure levels and enables users to make accurate cursor movements and handwritten notes. The multi-touch experience is enhanced and more intuitive, so sweeping with fingers over the tablet to scroll through documents, surf the web, rotate images or flick through photo galleries is quick and easy.
In addition, with Bamboo Paper, a very successful new Bamboo app, Wacom provides users with the ability to create virtual notebooks for their computers, letting them share their ideas visually with handwritten notes, sketches or doodles. Bamboo Paper is available as a free app in Bamboo Dock (which sits on a computer's desktop). This ever-growing library of apps includes games and tools for creating and sharing.
AN INTERACTIVE TABLET
THAT IS INSTINCTIVE TO USE
"Consumers are becoming significantly more expressive and creative in their everyday digital life. With the new Bamboo generation, we offer the perfect tool to personalise content and to navigate, write, draw, paint and sketch in an enjoyable way," says John de Olde, Asia Pacific Marketing Manager, Wacom Company Limited. "And this applies to office users wanting to add handwritten notes and scroll through documents quickly, to teenagers wanting to scrawl messages on their friends' online photos. Bamboo interactive pen tablets deliver a new experience of working with a PC or Mac. We wanted to combine the best aspects of user interfaces into one interactive pen tablet that is second nature to use. With Bamboo, inspiration and expression become one, allowing our customers to explore computer input in ways they have not yet thought possible."
BAMBOO PEN
The Bamboo Pen is an excellent starting model that introduces you to the world of bamboo. The compact design allows for its ease of use and its intuitive feel. It's the ideal tablet for bringing your drawing content to life.
BAMBOO PEN and TOUCH
The new, effortless design of the Bamboo Pen and Touch is certainly eye-catching and sure to be a hit on anyone's desk. The black tablet is framed with striking contrast colors of black and lime and includes a bay for the wireless accessory kit that is available separately. Four customizable express keys assist with easy navigation of computers, while the pen provides precision when creating. It's the tactile connection with content through drawing, annotating, scribbling, painting and navigating that makes the Bamboo Pen and Touch so great to use.
BAMBOO FUN
The Bamboo Fun makes a stylish impression and its medium size makes it a fun tablet that is instinctive and easy to use. Taking the features of the Bamboo Pen and Touch, it also comes with an outstanding software bundle: Adobe® Photoshop® Elements 9 and Bamboo Scribe 3.0. The medium-sized tablet also comes with Corel Painter Essentials 4, which turns any computer into a digital canvas and the Bamboo pen into a multi-purpose paintbrush. The Bamboo Fun is ideal for creative work, whether retouching and editing or creating from scratch.
BAMBOO WIRELESS
ACCESSORY KIT
Both Bamboo Fun and Bamboo Pen and Touch tablets can now be used wirelessly to make the tablet more portable and easier to use remotely. The plug'n'play accessory kit includes a wireless dongle to connect the tablet wirelessly and simply to PCs, Macs and laptops. Not available in all Asia pacific regions, please check with your local retailer or distributor. neoteric infomatique is the sole distributer for all WACOM products , please contact sales@neoteric for more information.
Availability and Pricing
The Bamboo range is available from the 13th Oct 2011.
PRICES:
Bamboo Fun Pen and Touch Rs. 0.014 Million.
Bamboo Pen and Touch Rs.0.008 Million.
Bamboo Pen Rs. 0.006 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.53.94 |
|
|
1 |
Rs.82.77 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
37 |
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.