MIRA
INFORM REPORT
|
Report Date : |
15.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
ITMANTRA
TECHINTELLECT PRIVATE LIMITED (w.e.f. 17.01.2008) |
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|
|
|
Formerly Known
As : |
ITMANTRA CONSULTANCY PRIVATE LIMITED |
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Registered
Office : |
104, Andheri
Universal Industrial Estate, Plot No.57, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
10.08.2000 |
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Com. Reg. No.: |
11-128191 |
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Capital
Investment / Paid-up Capital : |
Rs.2.500 millions |
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|
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CIN No.: [Company Identification
No.] |
U72100MH2000PTC128191 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer in Computer Hardware, Software and Peripherals. |
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No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 45000 |
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|
Status : |
Satisfactory |
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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 a satisfactory track record. Trade relations
are reported as fair. Business is active. Payment terms are reported as slow
but correct. The company can
be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
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. Manoj |
|
Designation : |
Operation Head |
|
Contact No.: |
91-22-67090000 |
|
Date : |
14.01.2013 |
LOCATIONS
|
Registered Office : |
104, Andheri Universal
Industrial Estate, Plot No.57, |
|
Tel. No.: |
91-22-67090000 |
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Fax No.: |
91-22-67090002 |
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E-Mail : |
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Website : |
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Area : |
1000 sq ft |
|
Location : |
Owned |
DIRECTORS
As on 25.09.2012
|
Name : |
Mr. Shailesh Narayan Trivedi |
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Designation : |
Managing Director |
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Address : |
3/8, Nathu Patel Chawl, Dhanji Wadi, |
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Date of Appointment : |
10.08.2000 |
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DIN No.: |
01576654 |
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PAN No.: |
AADPT6300R |
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|
|
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Name : |
Mrs. Shweta Naresh Murdeshwar |
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Designation : |
Director |
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Address : |
701/A, Kartikeya Charkop CHS Limited, Plot No.16, Charkop, Sector 8,
Kandivali (West), Mumbai - 400 067, |
|
Date of Birth/Age : |
11.07.1982 |
|
Date of Appointment : |
26.06.2007 |
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DIN No.: |
01576737 |
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PAN No.: |
ALUPM2886K |
KEY EXECUTIVES
|
Name : |
Mr. Manoj |
|
Designation : |
Operation Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shailesh Narayan Trivedi |
|
249800 |
|
Nitin Shashikant Mehta |
|
100 |
|
Shweta Naresh Murdeshwar |
|
100 |
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Total |
|
250000 |
As on 25.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
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Directors
or relatives of directors |
|
99.90 |
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Other
top fifty shareholders |
|
0.10 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer in Computer Hardware, Software and Peripherals. |
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Products : |
Computer Hardware, Software and Peripherals |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users v Citigroup Global
Markets India Private Limited, a member of CITI Group v v
v
v
Prudential ICICI Asset Mgmt Company Limited v
Ace Insurance (US Insurance Firm) v
v
v
v
v
v
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No. of Employees : |
80 (Approximately) |
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Bankers : |
v
Axis Bank Limited, Laxmi Industrial Estate v
HDFC Bank Limited v
Kotak Mahindra Bank Limited v
Bank of v
Mogaveera Co-operative Bank Limited |
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Facilities : |
|
Inox Leisure's Limited, a chain of
National Multiplexes 
Baazee.Com India Private Limited|
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|
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ashok Trivedi and Company Chartered Accountants |
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Address : |
5/24, Malhar Rao Wadi, Dady |
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Mobile No.: |
91-9821096132 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAAPT1961H |
CAPITAL STRUCTURE
As on 25.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
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|
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.500 |
1.000 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
8.804 |
6.843 |
5.062 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11.304 |
7.843 |
6.062 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.043 |
0.109 |
0.198 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.280 |
|
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TOTAL BORROWING |
1.043 |
0.109 |
0.478 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
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TOTAL |
12.347 |
7.952 |
6.540 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.867 |
1.390 |
1.475 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX ASSETS |
0.388 |
0.447 |
0.471 |
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.552
|
1.216 |
0.596 |
|
|
Sundry Debtors |
26.138
|
11.596 |
13.682 |
|
|
Cash & Bank Balances |
2.546
|
0.672 |
7.875 |
|
|
Other Current Assets |
0.235
|
1.350 |
0.014 |
|
|
Loans & Advances |
4.813
|
3.150 |
3.457 |
|
Total
Current Assets |
35.284
|
17.984 |
25.624 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
18.670
|
9.788 |
17.651 |
|
|
Other Current Liabilities |
6.536
|
1.256 |
1.854 |
|
|
Provisions |
0.986
|
0.825 |
1.525 |
|
Total
Current Liabilities |
26.192
|
11.869 |
21.030 |
|
|
Net Current Assets |
9.092
|
6.115 |
4.594 |
|
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|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.347 |
7.952 |
6.540 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from
operations |
113.114 |
89.598 |
63.397 |
|
|
|
Other Income |
0.312 |
0.257 |
|
|
|
|
TOTAL |
113.426 |
89.855 |
63.397 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
110.420 |
|
61.517 |
|
|
|
Administrative Expenses |
|
|
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Advertising Expenses |
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TOTAL |
110.420 |
87.224 |
61.517 |
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PROFIT BEFORE
TAX |
3.006 |
2.631 |
1.880 |
|
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|
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|
TAX |
1.045 |
0.848 |
0.367 |
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PROFIT AFTER TAX
|
1.961 |
1.781 |
1.513 |
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Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
6.843 |
5.062 |
3.549 |
|
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|
|
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|
|
|
BALANCE CARRIED
TO THE B/S |
8.804 |
6.843 |
5.062 |
|
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|
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|
|
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|
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|
Earnings Per
Share (Rs.) |
7.84 |
17.81 |
15.13 |
|
Expected Sales (2012-2013): Rs.150.000 millions
The above information has been parted by Mr. Manoj (Operation Head).
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.73
|
1.98 |
2.39 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.66
|
2.94 |
NA |
|
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|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.88
|
13.58 |
6.94 |
|
|
|
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|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.34 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.41
|
1.53 |
3.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.52 |
1.22 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Sundry Creditors |
18.670 |
9.788 |
17.651 |
|
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 |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last 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 |
No |
|
17) Major suppliers |
No |
|
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 |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
OPERATIONS
During the year,
the Company has achieved a Sales Turnover of Rs.113.426 millions as compared to
Rs.89.855 millions in previous year, an increase of 26%. The Company has made a
Net Profit after Tax of Rs.1.961 millions as compared to Rs.1.781 millions in
previous year, an increase 10%.
FUTURE PROSPECTS
Due to recessionary
outlook in the world market, multinational corporations are actively
considering FMS from the Company. They expect good amount of business going
forward from FMS services. The company has potential to grow healthy and has
competitive advantage due to healthy financials completely debt free
operational capability. The Company has the ability to add many more MNCs
Customers due to current prestigious clientele and excellent service track
record and goodwill.
FIXED ASSETS:
v
Computer
and Peripherals
v
Air
Conditioners
v
Fan
v
Mobile
Phone Instrument
v
Television
Set and Refrigerator
v
Furniture
and Fixtures
v
Motor
Car
v
Office
Equipments
v
Scooter
v
Microwave
Oven
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.64 |
|
|
1 |
Rs.88.17 |
|
Euro |
1 |
Rs.73.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.