MIRA
INFORM REPORT
|
Report Date : |
06.02.2013 |
IDENTIFICATION DETAILS
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Name : |
TRIMAX IT INFRASTRUCTURE AND SERVICES LIMITED (w.e.f. 21.04.2008) |
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Formerly Known
As : |
TRIMAX COMPUTERS LIMITED (w.e.f. 30.03.2005) TRIMAX COMPUTERS PRIVATE LIMITED |
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Registered
Office : |
2nd Floor, Universal Mill Building, Asha Usha Compound,
Mehra Estate, L.B.S. Road, Vikhroli (West), Mumbai - 400079, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
18.08.1995 |
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Com. Reg. No.: |
11-091944 |
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Capital
Investment / Paid-up Capital : |
Rs.173.917
Millions |
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CIN No.: [Company Identification
No.] |
U30000MH1995PLC091944 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT10155F |
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PAN No.: [Permanent Account No.] |
AAACT3858L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Provider Service to IT Sector. |
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No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
A (59) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Maximum Credit Limit : |
USD 7400000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having good track
record. The latest financials are not available. Mr. Sanjay Jain, finance
head has denied to disclose any detail. As per previous year’s record, it has
recorded a better increase in its total income. General financial position of the company seems to be good. Directors
are experience and reputed businessmen. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitment. The company can be considered good for business dealings at usual
trade terms and conditions. Due to technical error in the government sites, we hereby provide you
the report with available details and we would provide you with a on the same
company as soon as we get the additional information. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
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Rating Agency Name |
CARE |
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Rating |
Long term Bank facilities : CARE A- |
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Rating Explanation |
Adequate degree of safety and low credit
risk. |
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Date |
May 2, 2012 |
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Rating Agency Name |
CARE |
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Rating |
Short term Bank facilities : CARE A2 |
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Rating Explanation |
Strong degree of safety and low credit risk. |
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Date |
May 2, 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 DENIED BY
|
Name : |
Mr. Sanjay Jain |
|
Designation : |
Finance Head |
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Contact No.: |
91-22-40681000 |
|
Date : |
07.12.2012 |
LOCATIONS
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Registered Office/ Corporate Office 1 : |
2nd Floor, Universal Mill Building, Asha Usha Compound,
Mehra Estate, L.B.S. Road, Vikhroli (West), Mumbai - 400079, Maharashtra,
India |
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Tel. No.: |
91-22-40681000 |
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Mobile No.: |
91-9987085520 (Mr. Giridhari Mangal – Sr. VP, Accounts and Finance) |
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Fax No.: |
91-22-40681001/ 40681008 |
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E-Mail : |
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Website : |
http://www.trimax.in |
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Location : |
Leased |
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Corporate Office 2 : |
16, |
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Tel. No.: |
91-22-23820248 |
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Fax No.: |
91-22-23823348 |
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Corporate Office 3 : |
Film Center Building,
1st Floor, 68 Tardeo Road, Mumbai – 400 034, Maharashtra, India |
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Tel. No.: |
91-22-23526464,
23526151, 23526151, 23526152 |
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Branch Offices : |
Located at: v Ahmedabad v Bangalore v Chandigarh v Coimbatore v Dehradun v Delhi v Gurgaon v Jaipur v Kolkata v Ludhiana v Lucknow v Patna |
DIRECTORS
As on: 14.08.2012
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Name : |
Mr. Suryaprakash Sohanlal Madrecha |
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Designation : |
Managing Director |
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Address : |
22, Maniyar Building, B Wing, 3rd Floor, Tardeo, Mumbai –
400034, Maharashtra, India |
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Date of Birth/Age : |
26.02.1972 |
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Qualification : |
Bachelor of Science |
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Date of Appointment : |
01.04.2008 |
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DIN No.: |
00232283 |
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Name : |
Mr. Chandra Prakash Sohanlal Madrecha |
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Designation : |
Managing Director |
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Address : |
22, Maniyar Building, B Wing, 3rd Floor, Tardeo, Mumbai –
400034, Maharashtra, India |
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Date of Birth/Age : |
20.06.1974 |
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Qualification : |
Bachelor of Commerce |
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Date of Appointment : |
01.04.2008 |
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DIN No.: |
00233232 |
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Name : |
Mr. Sanjiv Singhal |
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Designation : |
Nominee Director |
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Address : |
51, Seagull, 13 Carmichael Road, Next to Japanese Consulate, Mumbai –
400026, Maharashtra, India |
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Date of Birth/Age : |
23.03.1967 |
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Qualification : |
M.A., MBA , BA |
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Date of Appointment : |
04.04.2009 |
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DIN No.: |
02408616 |
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Name : |
Mr. Mukul Gulati |
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Designation : |
Nominee Director |
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Address : |
Villa 290, Phase 2 Adarsh Palm Meadows, Airport Whitefield Road, Near Ramagundanahalli,
Bangalore – 560066, Karnataka, India |
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Date of Birth/Age : |
06.07.1973 |
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Qualification : |
BA, MBA |
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Date of Appointment : |
01.10.2010 |
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DIN No.: |
00746183 |
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Name : |
Mr. Om Parkash Kewal Krishan Gahrotra |
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Designation : |
Director |
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Address : |
12, |
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Date of Birth/Age : |
21.09.1946 |
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Qualification : |
Bachelor of Science, Master in Financial Management |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
00936696 |
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Name : |
Mr. Surinder Singh Kohli |
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Designation : |
Director |
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Address : |
J-170, Rajouri Garden, New Delhi – 110027, India |
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Date of Birth/Age : |
10.04.1945 |
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Date of Appointment : |
14.06.2011 |
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DIN No.: |
00169907 |
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Name : |
Mr. Charanpreet Singh |
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Designation : |
Director |
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Address : |
# 310 Binayak Residency, 6/5 D Anil Maitra Road, Kolkata – 700019,
West Bengal, India |
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Date of Birth/Age : |
05.12.1962 |
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Date of Appointment : |
14.06.2011 |
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DIN No.: |
01104258 |
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Name : |
Mr. Ramakrishnan Kothandaraman Nellaipalli |
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Designation : |
Independent Director |
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Address : |
Villa 311, Phase 2 Adarsh Palm Meadows, Airport Whitefield Road, Near
Ramagundanahalli, Bangalore – 560066, Karnataka, India |
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Date of Birth/Age : |
17.09.1958 |
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Date of Appointment : |
14.06.2011 |
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DIN No.: |
00145984 |
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Name : |
Mr. Amit Sureshkumar Sharma |
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Designation : |
Nominee Director |
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Address : |
Flot No. 402, 4th Floor, Orchid White, 10th Road,
Khar (West), Mumbai – 400025, Maharashtra, India |
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Date of Birth/Age : |
04.08.1965 |
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Date of Appointment : |
31.03.2012 |
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DIN No.: |
05103265 |
KEY EXECUTIVES
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Name : |
Srabani Saha |
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Designation : |
Company Secretary |
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Address : |
C-38/ S-13, M G Complex, Sector - 14, Vashi, Navi Mumbai – 400703,
Maharashtra, India |
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Date of Birth/Age : |
30.11.1968 |
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Date of Appointment : |
01.09.2009 |
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PAN No.: |
BBEPS4970B |
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Name : |
Mr. Sanjay Jain |
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Designation : |
Finance Head |
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Name : |
Sudhanshu Tewari |
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Designation : |
Business Head – Turnkey projects |
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Name : |
Nagraj Jain |
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Designation : |
Business Head, Managed IT Services |
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Name : |
Venugopal Ramanathan |
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Designation : |
Sales Head, Enterprise |
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Name : |
Nandkishor Desai |
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Designation : |
Head Buisness Denelopment and Sales, e-Governance and BFSI |
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Name : |
Rajesh Tapadia |
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Designation : |
Business Head, Data Centre and Cloud Computing at Trimax Datacentre
Services Limited |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 14.08.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
Shares |
|
ZP II Trimax Limited, Mauritius |
2512832 |
5.97 |
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Zephyr Peacock India Fund III Limited, India |
712834 |
1.70 |
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IL and FS Trust Company Limited |
307865 |
0.73 |
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Standard Fiscal Markets Private Limited, India |
7800000 |
18.54 |
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Blend Financial Services Limited, India |
50000 |
0.12 |
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Aditya Birla Private Equity Trust, India |
3810885 |
9.06 |
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Reena Chandraprakash Madrecha |
219600 |
0.52 |
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Surya Prakash Madrecha |
2368200 |
5.63 |
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Meena Madrecha |
228800 |
0.54 |
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Chandra Prakash Madrecha |
2720000 |
6.47 |
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Standard Fiscal Markets Private Limited, India |
1701000 |
4.05 |
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Shrey Technologies Private Limited, India |
7651800 |
18.19 |
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Pratik Technologies Private Limited, India |
7309200 |
17.38 |
|
Sunil Sohanlal Madrecha |
1000 |
0.00 |
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Surya Prakash Sohanlal Madrecha-HUF |
200 |
0.00 |
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Chandra Prakash Sohanlal Madrecha-HUF |
200 |
0.00 |
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Banyantree Growth Capital L.L.C., India |
3829759 |
9.10 |
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ZP India Advisory Private Limited, India |
841088 |
2.00 |
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|
|
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Total |
42065263 |
100.00 |
As on: 14.08.2012
|
Equity Share Breakup |
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Percentage of Holding |
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Category |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
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16.77 |
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Bodies
corporate |
|
70.06 |
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Directors
or relatives of directors |
|
13.17 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Provider Service to IT Sector. |
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Services : |
v System Integration v Managed IT Services v Managed Network Services |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
· Redington India Limited · Ingram Micro India Limited |
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Customers : |
Corporate · Axis Bank · Bank of Baroda · Bharat Petroleum Corporation Limited · Bharat Sanchar Nigam Limited · Bharati Airtel Limited · Bhartiya Samruddhi Finance Limited · Canara Bank · Deloitte and Touche Consulting India Private Limited · Enam Securities · Godrej · ITI Limited · Jammu and Kashmir State Data Centre · Karnataka State Electronics Development Corporation Limited[KEONICS] · L and T Insurance [end customer: L and T Infotech] · Life Insurance Corporation · Mahanagar Gas Limited · Maharashtra State Co-operative Cotton Growers' Marketing Federation Limited · NABARD · National Hydroelectric Power Corporation Limited [NHPC] · National Textiles Corporation Limited · National Thermal Power Corporation · New India Assurance Company Limited · NSG · Osmanbad Central Cooperative Bank · Rajasthan State Beverages Corporation Limited · Rajasthan State Wide Area Network · Reliance BPO Private Limited · Reliance Securities Limited · Sarovar Narmada Nigam · SBI Life Insurance · Sparsh BPO Services Limited · The Shipping Corporation Limited · The Supreme Industries Limited · Znet technologies Private Limited |
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No. of Employees : |
1500 (Approximately) |
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Bankers : |
· State Bank of Hyderabad, Overseas Branch, 1204, Ashok Mahal, Tulloch Road, Colaba, Mumbai – 400039, Maharashtra, India · DBS Bank Limited, Upper Ground Floor, Birla Tower, 25 Barakhamba Road, New Delhi – 110001, India · State Bank of India, Industrial Finance Branch, 2nd Floor, The Arcade World Trade Centre, Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra, India · Standard Chartered Bank, Credit Documentation Unit, 90, Mahatma Gandhi Road, Fort, Mumbai - 400 001, Maharashtra, India · Axis Bank, SME Business Group, 3rd Floor, RNA Corporate Park, Kalanagar, Bandra (East), Mumbai - 400 051, Maharashtra, India · Kotak Mahindra Bank, 6th Floor, Dani Corporate Park, 158, C. S. T Road, Kalina, Santacruz (East), Mumbai - 400 098, Maharashtra, India · ICICI Bank, Mafatlal Chamber, SEG - Department 'B' Wing, 3rd Floor, N. M. Joshi Marg, Lower Parel (East), Mumbai - 400 013, Maharashtra, India · Canara Bank, Prime Corporate Branch – II, Varma Chambers, 2nd Floor, Homji Street, Mumbai - 400 001, Maharashtra, India · The HongKong and Shanghai Banking Corporation Limited, 52/ 60, Mahatma Gandhi Road, Mumbai – 400 001, Maharashtra, India · Barclays Bank PLC, Ceejay House, Shivsagar Estate, Dr. A Beasant Road, Wroli, Mumbai - 400018, Maharashtra, India · Corporation Bank · ABN Amro Bank · HDFC Bank Limited · State Bank of India, Vikhroli Branch, Mumbai, Maharashtra, India |
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Facilities : |
Fund Base – Rs. 1100.000 Millions (State Bank of India, Vikhroli
Branch) Non Fund Base – Rs. 1900.000 Millions (State Bank of India, Vikhroli
Branch)
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Banking
Relations : |
-- |
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Financial
Institution : |
· CISCO Systems Capital India Private Limited, 7th Floor, East Tower, 25 Barakhamba Road, New Delhi – 110001, India |
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Auditors : |
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Name : |
Haribhakti and Company Chartered Accountants |
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Address : |
701, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai-
400 059, Maharashtra, India |
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Tel. No.: |
91-22-66729999 |
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Fax No.: |
91-22-66729777 |
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Email: |
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Web Site: |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFH2010F |
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Subsidiaries : |
v Trimax IT
Infrastructure and Services Pte. Limited, Singapore v Trimax
Datacenter Services Limited [U72200MH2008PLC184708] v Trimax Managed
Services Limited [U74999MH2011PLC211910] |
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Enterprises in
which Key Managerial Personnel exercise significant influence: |
v Pratik
Technologies Private Limited v Shrey
Technologies Private Limited v Standard Fiscal
Markets Private Limited v Mangalam Multi
Trade Private Limited v Prestige Multi Trade
Private Limited v SMLE Solutions
Private Limited |
CAPITAL STRUCTURE
As on: 14.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55000000 |
Equity Shares |
Rs. 10/- each |
Rs.550.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42065263 |
Equity Shares |
Rs.10/- each |
Rs.420.653 Millions |
|
|
|
|
|
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22000000 |
Equity Shares |
Rs. 10/- each |
Rs.220.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17391715 |
Equity Shares |
Rs.10/- each |
Rs.173.917 Millions |
|
|
|
|
|
After: 14.08.2012
Authorised Capital : Rs.550.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.422.694 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
173.917 |
150.001 |
150.001 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1680.199 |
794.901 |
343.002 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1854.116 |
944.902 |
493.003 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1205.400 |
759.913 |
140.393 |
|
|
2] Unsecured Loans |
451.596 |
266.382 |
262.344 |
|
|
TOTAL BORROWING |
1656.996 |
1026.295 |
402.737 |
|
|
DEFERRED TAX LIABILITIES |
92.300 |
53.793 |
14.529 |
|
|
|
|
|
|
|
|
TOTAL |
3603.412 |
2024.990 |
910.269 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
567.730 |
423.756 |
93.085 |
|
|
Capital work-in-progress |
373.367 |
0.000 |
97.065 |
|
|
|
|
|
|
|
|
INVESTMENT |
203.674 |
197.998 |
187.654 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
333.610
|
213.091 |
3.803
|
|
|
Sundry Debtors |
1799.148
|
1118.606 |
759.876
|
|
|
Cash & Bank Balances |
152.714
|
96.479 |
33.779
|
|
|
Other Current Assets |
3.634
|
2.444 |
2.794
|
|
|
Loans & Advances |
1197.949
|
728.635 |
208.064
|
|
Total
Current Assets |
3487.055
|
2159.255 |
1008.316 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
621.257
|
594.952 |
302.486
|
|
|
Other Current Liabilities |
324.139
|
74.061 |
58.509
|
|
|
Provisions |
83.018
|
87.006 |
114.856
|
|
Total
Current Liabilities |
1028.414
|
756.019 |
475.851
|
|
|
Net Current Assets |
2458.641
|
1403.236 |
532.465
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3603.412 |
2024.990 |
910.269 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5271.820 |
3515.931 |
2178.679 |
|
|
|
Other Income |
62.100 |
21.519 |
4.583 |
|
|
|
TOTAL (A) |
5333.920 |
3537.450 |
2183.262 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
3511.376 |
2457.346 |
|
|
|
|
Manufacturing service costs |
201.655 |
51.969 |
|
|
|
|
Employee related expenses |
242.042 |
154.755 |
|
|
|
|
Administrative selling other expenses |
207.821 |
115.940 |
|
|
|
|
TOTAL (B) |
4162.894 |
2780.010 |
1742.836 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1171.026 |
757.440 |
440.426 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
137.201 |
87.267 |
61.539 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1033.825 |
670.173 |
378.887 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
106.100 |
41.533 |
17.150 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
927.725 |
628.640 |
361.737 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
262.006 |
167.965 |
111.499 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
665.719 |
460.675 |
250.238 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
791.973 |
340.073 |
94.218 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
7.637 |
7.500 |
3.747 |
|
|
|
Tax on Dividend |
1.268 |
1.275 |
0.636 |
|
|
BALANCE CARRIED
TO THE B/S |
1448.787 |
791.973 |
340.073 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sale of Software |
178.840 |
189.566 |
77.614 |
|
|
TOTAL EARNINGS |
178.840 |
189.566 |
77.614 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
21.96 |
15.36 |
33.40 |
|
|
|
Diluted |
17.68 |
13.72 |
33.29 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
7500.000 |
|
|
|
|
|
Expected Sales ( 2012-2013 ) : Rs. 10000.000 Millions
The above information has been parted by Mr. Sanjay (Finance Head)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
12.48 |
13.02 |
11.46
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
17.60 |
17.88 |
16.60
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.88 |
24.34 |
32.84
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.50 |
0.67 |
0.73
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.45 |
1.89 |
1.78
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.39 |
2.86 |
2.12
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Creditors due small micro enterprises |
0.000 |
0.000 |
0.000 |
|
Creditors due others |
621.257 |
594.952 |
302.486
|
|
|
|
|
|
|
Sundry creditors |
621.257 |
594.952 |
302.486 |
|
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
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 |
NOTE:
The Registered Office of the company has been shifted from 16, Dubhash
Building, 2nd Floor, Off Lamintong Road, Mumbai – 400004, Maharashtra
India, to the present address w.e.f. 02.03.2008.
OVERVIEW BUSINESS:
The Company offers
a comprehensive range of IT services to its customers divided into Enterprise
Solutions and Managed IT Services. The services provided by the Company broadly
comprises of the following : a) Enterprise Solutions Enterprise Solutions
business is the Company’s largest income source. Key customers of the Company’s
Enterprise Solutions business include a leading life insurance company, an
aerospace engineering company, a company engaged in the supply and distribution
of electricity and Rajasthan State Beverages Corporation Limited (RSBCL). Since
October 2007, the Company has been empanelled as system integration channel
partner for BSNL. Pursuant to this partnership, it markets and sells BSNL’s
data services, which includes configuration and maintenance of the customer’s
end equipment, network on LAN (Local Area Network) or WAN (Wide Area Network),
leased-line solutions, MPLS (Multiprotocol Label Switching) and VPN (Virtual
Private Network) solutions and other equipment to deliver end-to-end solutions
to its customers. The Company supplies, configures and maintains all necessary
equipment along with the connectivity for BSNL to provide the end-to-end
solutions. Enterprise Solutions comprises of the following:
· Compute infrastructure solutions
Compute
Infrastructure Solutions involve the supply and installation of desktop and
laptop computers, servers, operating systems and commercial off-the-shelf
software, as well as data storage solutions. The Company installs and maintains
hardware and software as a customized service.
· Network infrastructure solutions
Network
Infrastructure Solutions include networking and infrastructure components such
as routers, switches, firewalls, IPS (Intrusion Prevention System)/IDS
(Intrusion Detection System), UPS (Uninterruptible Power Supply), DG sets,
precision AC components, uninterrupted power supply solutions and fire
suppression systems. As part of the Company’s network infrastructure solutions,
it received an order for setting up a state wide area network (“SWAN”) for the
state of Rajasthan. The SWAN is designed to deliver quality services to
citizens, especially in rural areas, in the state of Rajasthan. It will supply,
configure and install the required hardware for the network and also operate
the SWAN. The Company is contracted to operate and maintain the SWAN, which it
will do on a BOOT (Build, operate, own and transfer) basis, for a period of
five years.
· Software solutions
The Company
provides software development services using industry standard propriety and
open source platforms such as Java, J2EE, C++, Microsoft.NET, PHP, MySQL,
Oracle and Apache. It has developed customised applications for its customers
in the areas of ETIMs (Electronic Ticket Issuing Machine) and online
reservations systems, integrated excise management, tax filing and project
management tools.
· Turnkey solutions
The Company
integrates all its IT solutions, creating turnkey solutions which are
specifically tailored for its customers. In April 2011, the Company completed a
turnkey solution for the Rajasthan State Beverages Corporation Limited
(“RSBCL”). RSBCL needed to fully integrate its IT infrastructure with the
Rajasthan State Excise Department (‘‘RSED”) and the Rajasthan State Ganganagar
Sugar Mills (“RSGSM”).
b) Managed IT Services
Managed IT
Services business is the Company’s fastest growing revenue source. Key
customers for Managed IT Services business are BSNL, a large private bank, Intelenet
and a large national bank in India. Managed IT Services includes any service
that is delivered centrally from one location, such as from the Company’s NOC
(Network Operation Centre), data center premises or through cloud computing
services or where its employees are providing on-site or off-site operational
support. The Company has provided Managed IT Services for a large state run
transport provider in the state of Maharashtra where among other things the
Company developed an internet based ticketing system and provided and
programmed ETIMs for all buses and IT Infrastructure at a number of locations
across the state. Managed IT Services includes the following:
· Managed Network Services (MNS)
MNS are
“one-stop-shop” services designed to meet the Company’s customers’ need for
effective and reliable network services on an operational expense basis. Since
November 2008, the Company has been a MNS channel partner for BSNL. Pursuant to
this partnership, it markets and sells BSNL’s MNS, which includes enterprise
broadband, internet, MPLS and VPN connectivity. It supplies, configures and
maintains all the necessary network equipment to provide “last-mile”
connectivity. It also monitors and manages equipment and the BSNL bandwidth
service on a 24x7 basis. Since July 2010, we have been a Silver Channel Partner
for BSNL. Pursuant to this partnership, we market and sell BSNL’s voice and
data services to BSNL’s Silver customers in certain BSNL regional circles.
· Cloud computing
Cloud computing is
a style of computing in which dynamically scalable and often virtualized
recourses are provided as a service over the internet. It includes the
following:
Virtual Private Server (VPS)
VPS create many
server partitions within one server. Each partitioned server has the appearance
and capabilities of a dedicated server with its own allocated capacity. VPS
allow a server to be shared, which reduces the server costs for customers
without sacrificing the quality of the service provided.
Web design and hosting
The Company offers
“do it yourself” tools that enable its customers to design their own websites
with existing templates provided in the web design system.
· Data centre services
A Data Centre is a
centralized repository for the storage, management and dissemination of data
and information. It consists of a raised floor server farm room, supported
utility area and a NOC.
· Facility Management Services (FMS)
FMS are
single-source solutions provided to customers seeking customised facility
management and business support services such as (i) IT helpdesk; (ii) desktop
management services; (iii) server administration and management; (iv) network
management; (v) data centre operations management; (vi) mail messaging system
administration; (vii) IT security management; (viii) application management;
(ix) data base administration; (x) vendor management services; and (xi) asset
management services.
CONTINGENT
LIABILITIES
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Outstanding bank guarantees |
254.814 |
114.030 |
|
Corporate guarantee given by the company to Bank on
behalf of the company’s subsidiary Trimax Datacenter Services Limited |
510.000 |
510.000 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U30000MH1995PLC091944 |
|
Name of the
company |
TRIMAX IT
INFRASTRUCTURE AND SERVICES LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
2nd Floor, Universal Mill Building, Asha Usha Compound,
Mehra Estate, L.B.S. Road, Vikhroli (West), Mumbai - 400079, Maharashtra,
India E-mail: csd@trimax.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Uncalled
share capital ·
Immovable
property ·
Any
interest in immovable property ·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge ·
Others
(Stocks and Receivables) ·
Calls
made but not paid ·
Ship ·
Goodwill ·
Patent,
license under a patent ·
Trademark ·
Copyright
or license under a copyright |
|
Particular of
charge holder |
SBICAP Trustee
Company Limited, 202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra, India E-mail: corporate@sbicaptrustee.com |
|
Nature of
instrument creating charge |
Indenture of
Mortgage dated 28th September, 2012 executed by the Company in favour of
SBICAP Trustee Company Limited (acting as Security Trustee for the Lenders
i.e. Axis Bank Limited, Canara Bank, Kotak Mahindra Bank Limited, ICICI Bank,
Standard Chartered Bank, SBH, SBI and Corporation Bank) in respect of assets
more particularly described therein and also described in PART A SCHEDULE I
to secure the working capital facility aggregating to Rs.4000.000 Millions. |
|
Date of
instrument Creating the charge |
28.09.2012 |
|
Amount secured by
the charge |
Rs.4000.000
Millions. |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest As per the agreed terms and conditions as set out in the sanction letters issued by the bankers of the company from time to time Terms of
Repayment As per the agreed terms and conditions as set out in the
sanction letters issued by the bankers of the company from time to time Margin As per the agreed terms and conditions as set out in the
sanction letters issued by the bankers of the company from time to time Extent and
Operation of the charge The charge
operates as a continuing security on first charge basis over all and singular
the leasehold premises more particularly described in Part A - Schedule I,
all plant &machinery, all movable assets, intangible assets, receivables,
all insurance proceeds, all bank accounts, investments, cash flows of the
Company for securing due repayment of the working capital facility
aggregating to Rs.4000.000 Millions. Together with interest, cost and other
expenses. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Gala no. 1 on
First Floor, admeasuring 95.03 square meters (i.e. 1022.52 square feet) on Plot
# P-1, Kolhapur IT Park at Karveer, Kolhapur, together with all buildings and
structures thereon, all plant and machinery attached to earth or permanently
fastened to anything attached to earth, both present and future; all and
singular the Company's plant and machinery (movables and immovables), all
tangible and intangible movable assets, all intangibles assets, not limited
to goodwill, uncalled share capital, both present and future, all furniture
and fixtures, all bank and other accounts and all rights, title, interest,
benefit, claims and demands whatsoever of the Company in respect of all the
aforesaid accounts, all investments, including all investments in mutual
funds and fixed deposits, book debts, receivables, cash flows, all the estate
, right, title, property, claims, demands of the Company, both present and
future, in respect of the aforesaid as more particularly described in
Indenture of Mortage dated September 28, 2012. |
TRADE REFERENCES:
v Sai Info System
India Limited
v Redington India
Limited
v Ingram Micro India
Limited
FIXED ASSETS:
Tangible assets
v Office Equipment
v Computers
v Plant and Machinery
v Furniture and Fixture
v Motor Vehicles
Intangible assets
v
Software
WEBSITE DETAILS
PRESS RELEASE
TRIMAX IT INFRASTRUCTURE
AND SERVICES TARGETS RS.5350.000 MILLIONS REVENUES FOR 2010-11
Tuesday, September
14, 2010
NEW DELHI: Trimax IT Infrastructure and Services Limited, an IT services and solution provider, is expecting to increase its revenues by 34% for the fiscal year 2010-11. The projection for the current fiscal year has been pegged to Rs.5350.000 Millions. Surya Prakash Madrecha,chairman and MD has split this revenue projection across two main business units. Trimax IT is expected to bring in Rs.5180.000 Millions while Trimax Data Centre Services is projected to deliver Rs.170.000 Millions in revenues. To meet the revenue projection, Trimax is eyeing opportunities in automation of state road transports corporations, connectivity for multi-location organizations, data centre setup, execution of mission mode projects for the Indian government.
Rajasthan State Road
Transport Corporation wins the e-Governance Rajasthan award for the Online Reservation
System (ORS) and the integration of the existing Electronic Ticket Issuing
Machines (ETIM) with the Online Reservation System.
The National
e-Governance Plan (NeGP) has the vision of making all Government services
accessible to the common man in his locality, through common service delivery
outlets, and ensure efficiency, transparency, and reliability of such services
at affordable costs to realise the basic needs of the common man. The
Government of Rajasthan has undertaken various initiatives to realize this
vision of NeGP.
To recognize the
efforts and the excellence achieved, the Department of Information Technology
and Communication had instituted an Awards platform to award the officers of
the State Government who have implemented eGovernance initiatives in an
exemplary manner. The awardees were measured on 2 criteria
1.
e-Governance impact
2.
e-Governance Leadership traits
In the A2 category of
awards for Senior Departmental Functionaries /Heads of
Department, Shri. Manjit Singh was nominated for the award for the
implementation of Online Reservation System (ORS) and the integration of the
existing Electronic Ticket Issuing Machines (ETIM) with ORS in Rajasthan State
Road Transport Corporation. This project was awarded to Trimax IT Infrastructure
and Services Ltd., who executed the project and is also managing the same for 5
years. The project was taken up by Trimax on BOOT (Build, Operate, Own, and
Transfer) model. Trimax has also implemented ORS and ETIM in MSRTC (Maharashtra
State Road Transport Corporation) and various other Transport Solutions across
various States and City Road Transport Corporations.
Aditya Birla
Capital Advisors announces Investment of Rs. 1000.000 Millions in
Trimax IT Infrastructure and Services Limited
Mumbai, April 10,2012: Aditya Birla Private Equity – Fund has
invested Rs 1000.000 Millions in Mumbai based Trimax IT
Infrastructure and Services Limited (Trimax), one of the India’s
leading IT Services and Solutions company. Trimax will use the proceeds
from the fund-raising to finance its aggressive expansion plans in the backdrop
of significant order flow from domestic IT services market and to bolster its
global plans.
Set up in 1995, under
the leadership of Mr. Surya Prakash Madrecha and Mr. Chandra Prakash Madrecha,
the company has grown from being a System Integrator to offering full fledged
IT Solutions and IT Infrastructure Management Services. Trimax has since
successfully built capabilities and solutions in the Transport, Government,
PSU, BFSI, Enterprise SME sectors, right from offering Network Management to
executing large scale complex turnkey projects in the Government, PSU and
Private sectors. The company has an impressive clientele including well reputed
Private companies and Government agencies and caters to more than 700 Small and
Medium Enterprises (SMEs) in India.
Commenting on the
occasion, Mr.Bharat Banka, Chief Executive Officer, Aditya Birla Capital
Advisors Private Limited (ABCAP) said “Trimax is uniquely placed within
e-governance and the Enterprise sectors which exhibit strong and encouraging
growth prospects. It is an IT Service and Solution provider to industries
witnessing exponential growth like banking and financial services, telecom and
transportation, amongst others, and is poised to benefit from the massive
ramp-ups and projects underway in these sectors. We are excited to collaborate
with Trimax and play a value-added role in the growth of the company.”
Speaking on the
occasion, Mr. Surya Prakash Madrecha, Managing Director, Trimax, added
“Trimax has drawn up aggressive expansion and diversification plans which
entail investment in capital expenditure and long-term working capital. We have
witnessed significant growth in India in various sectors and will continue
expand both our service lines as well as foray into newer sectors. Parallely,
we also plan to expand overseas into emerging and developing markets. We
believe that an active investor like ABCAP, with a partnership approach, will
definitely help us speed up the growth momentum. The extensive network of our
investment partners, ABCAP, and their deep reach within Indian and
international business zones will help us capture more business opportunities”.
About Aditya Birla
Capital Advisors
Aditya Birla Capital
Advisors Private Limited (ABCAP) offers asset management and advisory services
in private Equity, to domestic and global investors. The company has adopted a
unique investment style of partnering with its portfolio companies by providing
strategic and operational intervention and has its focus on growth investments
in mid market companies, with India as investment destination.
Trimax wins Award for
the Best PE-backed IT Company
Trimax IT Infrastructure and Services Limited has won an award for being the best PE Backed IT Company at the debut edition of VC Circle Awards 2012 held in Delhi on Tuesday 14th February, 2012. The glittering finale brought together top-performing PE and VC-backed companies in India, as well as investors, lawyers and investment bankers, who came out to show their support for the bustling PE/VC ecosystem in the country. Mr. Surya Prakash Madrecha, CMD of Trimax IT Infrastructure and Services Limited received the award on behalf of the company. The awards were given across various industry sectors in venture capital, private equity categories and also the deal intermediaries like the law firms and the investment banks for recognizing their work in the private equity space for the year 2011. An expert jury, comprising industry veterans, academicians and consultants drew up the list of winners. Jury members Arun Duggal (chairman of Shriram Capital Limited), Luis Miranda (former chairman of IDFC Private Equity), Sri Rajan (Partner at Bain and Company) and Dr Ajay Shah (professor, National Institute for Public Finance and Policy) selected the most outstanding Indian companies who had not only recorded exceptional growth in their respective industries, but also had a long-standing impact on the economy in general. The companies who had secured at least one round of funding between 2007 and 2011 were considered for this year's awards. Trimax was pitted and won against other nominees like Glodyne Technoserve Limited, Spanco Limited and Intelenet Global Services.
Trimax to set-up
State Data Centre (SDC) for Jammu and Kashmir Government Jammu,
Jan 9: Chief Minister Omar Abdullah Monday said that e-governance would boost
up the Government’s efforts of bringing common masses closer to the administration
and giving power to their voices. Laying foundation of Jammu and
Kashmir State Data Centre (JKSDC) in Civil Secretariat premises here, the CM
said that the State Government has initiated a programme of establishing Data
Centres to provide core infrastructure for supporting e-governance making
service delivery to people fast and to the point. “State Data Centre would
act as a central repository of the State providing secure data storage,
disaster recovery and remote management functions. It would also act as a
mediator and convergence point between people and the government and provide
efficient electronic delivery between various departments and business, the CM
said. CM said that the Government has a plan of connecting all the
villages through a State Wide Area Network (SWAN) and Common Service Centres
(CSCs) with this central repository system to create direct people-government
liaison and help to address public grievances and ensuring development process
smoothly all across the State. “Establishment of Data Centres and SWAN
along with CSCs would give further push to our efforts of bringing common
masses closer to the government and giving power to their voices. Thrust of my
government is to improve governance through technology and simplify processes
of service delivery to the people by avoiding red-tape and making e-governance
rule the roost in this regard,” the CM said. CM said the State Data Centre
will enable State Departments to host their services on a common infrastructure
leading to ease integration and management ensuring computing resources and the
support connectivity adequately and optimally. He said these services
would be extended to government agencies, citizens and business through the
connectivity infrastructure to be rolled out as SWAN. The CM asked the
Information and Technology Department to fast track the initiatives to achieve
the results in a time bound manner. Speaking on the occasion, the Minister
for Information and Technology, Syed Aga Ruhalla said that JKSDC would provide
round-the-clock service availability to the Government departments, business
establishments and general citizens.
TRIMAX bags the
‘Partner Leadership Award 2011’Trimax IT Infrastructure and Services Limited
(Trimax) has won the
coveted ‘ITPV Partner Leadership Award 2011’ for being an Emerging Solution
Provider for Cloud based services. The event organized by TECHPLUS Media was
held on 3rd November, 2011 at hotel ITC-Grand Maratha. The award was received
by Mr. Rajesh Tapadia, Chief Technology Officer and Head (Data Centre), Trimax.
ITPV held the award event with a view to reward and recognize the efforts of
those who have brought in cutting edge solutions in the IT industry. The chief
guest for the event was Mr. Alex Huang, Country Head – Asus Tech Private
Limited; the other dignitaries present at the event were Mr. Champak Raj
Gurjar, TAIT President, Mr. Kaushal Khandoor from Neoteric, Mr. Suresh Pansari
from Rashi Peripherals, Mr. Nitin Shah, Chief Managing Director, Allied
Digital, to name a few. Partner Leadership Award
Rajasthan State
Wide Area Network (RajSWAN) Launched “Rajasthan State Wide
Area Network (RajSWAN) project is envisaged to act as a vehicle for the
implementation of the Government of Rajasthan’s (GoR) e-Governance project spearheaded
by Rajcomp Information Services Limited, the state’s designated agency. The
project is being executed by a consortium comprising of Bharti Airtel Limited,
Bharti Airtel Services Limited and Trimax IT Infrastructure and Services
Limited (“Consortium”).This project aims at creating vertical and horizontal
communication network (data, video and voice communications) by linking
government offices at the State Secretariat (Sachivalaya), called as the State
Head Quarter (SHQ), Zila Parishads (DHQ), and all the Panchayat Samiti
Headquarter (BHQ) and the State Data Center/Network Operation Centre (SDC/NOC)
and approx. 3381 horizontal offices located at DHQ/BHQ. GoR has initiated
setting up RajSWAN to establish the communication infrastructure with an aim to
improve the administrative efficiency and effectiveness, thereby improving the
quality of service to the common man.The project will be implemented over the
next five years on a ‘Build, Own, Operate, and Transfer' (BOOT) model .The
kick-off meeting for the project took place in the presence of a host of
dignitaries from The Government of Rajasthan , Bharti Airtel Limited and
Trimax IT Infrastructure and Services Limited. Honorable Secretary (IT) -
Rajasthan Govt, Technical Director (RISL), Mr. Drew Kelton, President, Mr.
Milan Rao, Chief Executive Officer and Mr.Manoj Paul, Chief Operating
Officer, West from the Enterprises Services division of
Bharti Airtel Limited, Mr. Surya Prakash Madrecha, Chairman and
Managing Director and Mr. Chandra Prakash Madrecha, Joint Managing Director
from Trimax IT Infrastructure and Services Limited were some of the dignitaries
who attended the meeting”.
Ticket booking for
RSRTC buses to goes online Jaipur:
As part of ushering
e-Governance in all its operations over the next two years, the Rajasthan State
Road Transport Corporation (RSRTC) on Sunday broad-based online reservation
system in its buses. The e-ticketing facility, the entire infrastructure
for which has been developed by a Mumbai-based company, will be extended to 1,500
buses on all prominent routes in Rajasthan and outside the state. The new
system will see passengers booking their tickets via the official website of
RSRTC, www.rsrtc.gov.in and 150 booking centers, besides booking tickets a
month in advance on prominent RSRTC buses. The facility's software upgrade was
marred by teething problems, with passengers facing difficulties in getting
tickets from the booking windows at Central Bus Stand in Jaipur and other
ticket booking facilities, like kiosks. Owing to glitches in switching over
from old booking software passengers not only faced problems in getting
tickets, but those who had booked confirmed tickets through the old software
saw their names missing from the new passenger list, while some others got
double tickets. Confirming there were certain problems due to the
software switchover, RSRTC official spokesman Sudhir Bhati said,"
Such problems will be rectified and four to five extra buses will be run to
benefit passengers who suffered due to technical reasons."
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. 53.29 |
|
|
1 |
Rs. 83.97 |
|
Euro |
1 |
Rs. 71.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
59 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.