|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
KVALITETA SYSTEMS AND SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
SBC 29, C Level, The |
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Country : |
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Financials (as
on) : |
31.12.2011 |
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Date of
Incorporation : |
03.11.2010 |
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|
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Com. Reg. No.: |
09-026972 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.200 Million |
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CIN No.: [Company Identification
No.] |
U72200KL2010PTC026972 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
TVDK01986F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is primarily engaged in the business of development and
maintenance of Computer software and IT enabled services. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 800 |
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|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow But correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. It’s scale of activities is
limited. In its first year of operations the company has earned some profits. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for small business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
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 DECLINED BY
|
Name : |
Mr. Ram Kumar |
|
Designation : |
Development Department |
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Contact No.: |
91-471-2700076 |
|
Date : |
26.06.2013 |
LOCATIONS
|
Registered Office : |
SBC 29, C Level, The Jaswini Building, Technopark Campus,
Trivandrum-695581, Kerala, India |
|
Tel. No.: |
91-471-2700076 |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 28.03.2012
|
Name : |
Mr. Krishan Kumar Balakrishna Pillai |
|
Designation : |
Director |
|
Address : |
Vilayic Veedu, Pathenchanta, Varakala Post, Trivandrum-695141, Kerala,
India |
|
Date of Birth/Age : |
15.05.1964 |
|
Date of Appointment : |
03.11.2010 |
|
DIN No.: |
02910810 |
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|
|
|
Name : |
Mr. Murugan Ramasamy |
|
Designation : |
Director |
|
Address : |
9-16A, Duraisamy Puram Idaikal, Tirunelveli-627804, Tamilnadu, India |
|
Date of Birth/Age : |
09.04.1971 |
|
Date of Appointment : |
30.12.2010 |
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DIN No.: |
03198742 |
KEY EXECUTIVES
|
Name : |
Mr. Ram Kumar |
|
Designation : |
Development Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.03.2012
|
Names of Shareholders |
No. of Shares |
|
Murugan Ramasamy |
9990 |
|
Krishan Kumar Balakrishna Pillai |
10000 |
|
l Velmayi |
10 |
|
TOTAL
|
20000 |
AS ON 28.03.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the business of development and maintenance
of Computer software and IT enabled services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
|
|
Bankers : |
·
ICICI Bank |
|
|
|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Sreehari and Associates Chartered Accountant |
|
Address : |
Swathi Street, T C 28/1879, Padmavilasam East Street, Fort,
Trivandrum-695010, Kerala, India |
|
PAN No.: |
ACYPG2064Q |
CAPITAL STRUCTURE
AS ON 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.10/- each |
Rs. 0.200 Million |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.12.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.200 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
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4] (Accumulated Losses) |
|
|
0.000 |
|
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NETWORTH |
|
|
0.200 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.468 |
|
|
TOTAL BORROWING |
|
|
0.468 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.100 |
|
|
PROFIT AND LOSS ACCOUNT |
|
|
0.316 |
|
|
|
|
|
|
|
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TOTAL |
|
|
1.084 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
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|
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|
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|
FIXED ASSETS [Net Block] |
|
|
0.994 |
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Capital work-in-progress |
|
|
0.000 |
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INVESTMENT |
|
|
0.000 |
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DEFERREX TAX ASSETS |
|
|
0.000 |
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|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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|
Inventories |
|
|
0.000 |
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Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
4.778 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.228 |
|
Total
Current Assets |
|
|
5.006 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.005 |
|
|
Other Current Liabilities |
|
|
4.911 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
4.916 |
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|
Net Current Assets |
|
|
0.090 |
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MISCELLANEOUS EXPENSES |
|
|
0.000 |
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|
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|
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TOTAL |
|
|
1.084 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.12.2011 |
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GROSS REVENUE
FROM OPERATION |
|
|
4.718 |
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DEPRECIATION/ AMORTISATION |
|
|
0.187 |
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PROFIT / (LOSS)
BEFORE TAX |
|
|
0.416 |
KEY RATIOS
|
PARTICULARS |
|
|
|
31.12.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
6.93 |
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Return on Investment (ROI) (PBT/Networth) |
|
|
|
2.08 |
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Debt Equity Ratio (Total Debt /Networth) |
|
|
|
2.34 |
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|
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|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1.02 |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
one years |
Yes |
|
12] |
Profitability for last
one 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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FACILITIES
|
Unsecured Loan |
Rs.
In Millions 31.12.2011 |
|
Advance From Director |
0.468 |
|
|
|
|
TOTAL |
0.468 |
NOTE
Registered office has been shifted from TC 26/711(2), Anjali Chempaka
Nagar Lane, Bakery Junction, Trivandrum-695001, Kerala, India to the present
address w.e.f. 20.05.2011.
FINANCIAL RESULTS
The company earned a profit before taxation of Rs. 0.416 Million during
the year ended 31st December 2011 after providing for depreciation
of Rs. 0.187 Million. The Gross revenue from operation of the Company for the
period ended December 31st, 2011 amounts to Rs. 4.718 Millions.
OPERATIONS
The company is a 100% Export Oriented undertaking duly licensed by the
STPI and located in Electronics Technology Park of Kerala (Technopark). The
Company is primarily engaged in the business of development and maintenance of
Computer software and IT enabled services.
FIXED ASSETS
·
Computer Systems
·
Computer Software’s
·
Electrical Equipments
·
Office Equipments
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. 60.58 |
|
|
1 |
Rs. 92.91 |
|
Euro |
1 |
Rs. 78.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.