|
Report Date : |
19.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
INTEGRATED DIGITAL SYSTEMS |
|
|
|
|
Registered
Office : |
4B Sundaram, 46F Rafi Ahmed Kidwai Road, Kolkata – 700016, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2012 |
|
|
|
|
Year of
Establishment : |
1992 |
|
|
|
|
Com. Reg. No.: |
ECW4082621 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.578 Millions |
|
|
|
|
IEC No.: |
0295025581 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABWPA7109D |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Distributor of GIS and Simulation Product and Software Developer. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 14000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having a satisfactory
track record. There appears slight dip in les turnover. However, Trade relations are reported to be fair. Business is active.
Payments are reported to be usually correct and as per commitments. The concern can be considered for normal business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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. Sanjay K. Agarwalla |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9711192703 |
|
Date : |
19.01.2013 |
LOCATIONS
|
Registered Office : |
4B Sundaram, 46F Rafi Ahmed Kidwai Road, Kolkata – 700016, West
Bengal, India |
|
Tel. No.: |
91-33-22290541/ 22294265 |
|
Mobile No.: |
91-9711192703 (Mr. Sanjay K. Agarwalla) |
|
Fax No.: |
91-33-22176177 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
300 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Head Office/ Development Center : |
1st Floor, Dhanraj Chambers, No.5, Satbari, New Delhi –
110074, India |
|
Tel. No.: |
91-11-32074180 |
|
Fax No.: |
91-11-26805011 |
|
Area : |
4000 sq. ft. |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Sanjay Kumar Agarwalla |
|
Designation : |
Proprietor |
|
Address : |
E-202, Ambience Lagoon Island, N. H. 8, Gurgaon – 122002, Haryana,
India |
|
Date of Birth/Age : |
16.04.1962 |
|
Qualification : |
M.B.A |
|
Experience : |
23 years |
BUSINESS DETAILS
|
Line of Business : |
Distributor of GIS and Simulation Product and Software Developer. |
|
|
|
|
Products : |
Digital Maps · Zilla Jankari Maps · 3D Terrain Database Application Software · Cross Country Route Analysis Software · 3D ACR · Virtual Task Trainer · Digital Sand Model Room Application · CREWS (Class Room Electronic Warfare Systems) · Coinsys · Customized Application GIS and Simulation
Products (Distributor) · Genesis (IG and 3D Visualzation) · GL Studio (Human Machine Interface) · Flames (Constructive Simulation Software) · Calytrix CNR (Radio Net Simulation Software) · TerraGo Geo Pdf (Solution for mobile GIS) · Alteryx (Business Analytics Software) · Camber Rodar Simulation Software) |
|
|
|
|
Agencies Held : |
· Diamond Visionics Inc, USA · Disti Corporation, USA · Ternion Corporation, USA · Camber Sensor Division, USA · Alteryx Inc, USA · Calytrix Technologies Inc, USA · Terrago Technologies, USA |
|
|
|
|
Imports : |
|
|
Products : |
Application Software |
|
Countries : |
USA |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 days) |
|
|
|
|
Purchasing : |
Credit (30 days) |
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
Installed Capacity |
Actual Production |
|
|
|
|
|
Software Development |
400 Man Months
p.a. |
200 Man Months
p.a. |
GENERAL INFORMATION
|
Customers : |
Indian Defense, Corporate, R and D Labs |
|
|
|
|
No. of Employees : |
20 (Approximately) |
|
|
|
|
Bankers : |
· Union Bank of India Indian Exchange Place, Kolkata Branch, West Bengal, India · ICICI Bank 2/3, Hindustan Road, Garihat, Kolkata Branch, West Bengal, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. P. Jhawar and Company Chartered Accountant |
|
Address : |
4, Narayan Prasad Babu Lane, Kolkata – 700007, West Bengal, India |
|
Tel. No.: |
91-33-22725735/ 22698193 |
|
Email : |
CAPITAL STRUCTURE
(AS ON 31.03.2012)
|
Capital Investment : |
|
|
Owned : |
Rs.3.578 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.3.578 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note: Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.578 |
7.023 |
6.475 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.578 |
7.023 |
6.475 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1.222 |
1.431 |
0.071 |
|
|
TOTAL BORROWING |
1.222 |
1.431 |
0.071 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.800 |
8.454 |
6.546 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.929 |
2.837 |
2.740 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.234
|
0.836 |
5.361 |
|
|
Sundry Debtors |
5.901
|
5.680 |
0.636 |
|
|
Cash & Bank Balances |
3.376
|
1.253 |
1.947 |
|
|
Other Current Assets |
0.000
|
0.000 |
1.610 |
|
|
Loans & Advances |
0.997
|
2.470 |
0.886 |
|
Total
Current Assets |
11.508
|
10.239 |
10.440 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
7.338
|
3.176 |
4.101 |
|
|
Other Current Liabilities |
2.299
|
1.446 |
2.533 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
9.637
|
4.622 |
6.634 |
|
|
Net Current Assets |
1.871
|
5.617 |
3.806 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.800 |
8.454 |
6.546 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
32.806 |
17.399 |
16.537 |
|
|
|
Other Income |
0.120 |
0.107 |
0.004 |
|
|
|
TOTAL |
32.926 |
17.506 |
16.541 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
19.641 |
6.795 |
5.848 |
|
|
|
Direct Operational Expenses |
1.715 |
0.426 |
0.038 |
|
|
|
Freight and Forwarding |
0.025 |
0.039 |
0.008 |
|
|
|
Software Development Charges and Digitizing Project |
1.464 |
1.301 |
2.099 |
|
|
|
Payment to and for Employees |
1.986 |
1.971 |
1.759 |
|
|
|
Travelling Expense |
1.344 |
1.801 |
1.240 |
|
|
|
Exhibition and Seminar |
0.298 |
0.419 |
0.015 |
|
|
|
Complimentary and Publicity Expenses |
0.159 |
0.129 |
0.627 |
|
|
|
Rent |
0.934 |
0.877 |
0.624 |
|
|
|
Rates and Taxes |
0.003 |
0.003 |
0.003 |
|
|
|
Insurance |
0.006 |
0.021 |
0.027 |
|
|
|
Repairs, Maintenance and Hire Charges |
0.094 |
0.159 |
0.252 |
|
|
|
Bad Debts Written Off and Written Bank |
0.214 |
0.000 |
0.000 |
|
|
|
Auditor remuneration |
0.051 |
0.014 |
0.013 |
|
|
|
Other Expenses |
1.278 |
1.407 |
1.520 |
|
|
|
TOTAL |
29.212 |
15.362 |
14.073 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
3.714 |
2.144 |
2.468 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.046 |
0.011 |
0.009 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.668 |
2.133 |
2.459 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.277 |
0.919 |
1.250 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
2.391 |
1.214 |
1.209 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.26
|
6.93 |
7.31 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.29
|
6.98 |
7.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.56
|
9.28 |
9.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.67
|
0.17 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.03
|
0.86 |
1.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19
|
2.22 |
1.57 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
No |
WEBSITE DETAILS:
Subject has been in the forefront of GIS technology for over two decades now. The company specializes in solutions for the Defence, Telecom, FMCG and Bilateral Assisted Project segment. In the last couple of years the company has also made successful foray in the field of visual simulation, war-gaming, virtual task trainer and 3D Terrain Databases.
NEWS:
DISTI SIGNS IDS TO
DISTRIBUTE IN INDIA
17 April 2012 Orlando, USA DiSTI signs Integrated Digital Systems New Delhi, to distribute in India.
About DiSTI
DiSTI is a global leader in the development of Human Machine Interface software for businesses, governments and the military. The company's flagship product, GL Studio, enables programmers and developers to build high-fidelity graphics, 3D simulations and fully interactive controls into their models, enhancing the level of realism and sophistication, while improving learning and retention. More than 500 customers worldwide, including BAE, Boeing, Dassault, FedEx, Lockheed Martin, Honeywell, Raytheon and Thales, use DiSTI solutions to build maintenance trainers, create PC and Internet-based courseware and to develop components for safety-critical applications. As a full service provider, DiSTI offers a complement of customer programming and development services, and is the recognized leader in training solutions for the global simulation and training community.
About Integrated
Digital Systems (IDSGIS)
Integrated Digital Systems is an India based GIS and
Modeling and Simulation Software distributor for Indian Sub Continent.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.64 |
|
|
1 |
Rs.87.46 |
|
Euro |
1 |
Rs.72.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.