MIRA INFORM REPORT
|
Report Date : |
29.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
COMPUTER
TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S-11 Super Mall,
Salunkhe Vihar Road, S.No.59/1A/1C, Wanowrie, Pune – 411 040, Maharashtra |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2012 |
|
|
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|
Date of
Incorporation : |
28.04.2000 |
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|
|
|
Com. Reg. No.: |
25-014840 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.0.200
million |
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|
|
|
CIN No.: [Company Identification
No.] |
U72200PN2000PTC014840 |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
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|
Line of Business
: |
Providing Internet and Network Security Software and Appliance Solutions. |
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|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 83000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually 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. Payments are reported to be usually
correct and as per commitment. 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 DECLINED
Management non-cooperative
(Contact No.: 91-20-26835005)
LOCATIONS
|
Registered Office : |
S-11 Super Mall,
Salunkhe Vihar Road, S.No.59/1A/1C, Wanowrie, Pune – 411 040, Maharashtra,
India |
|
Tel. No.: |
91-20-26835005/ 6, 26832001/ 2, 56024477 (4 Lines) |
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Fax No.: |
91-20-26835005/ 6, 26832001/ 2 |
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E-Mail : |
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Website : |
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Additional Business Office: |
C/o. Anand Steel Centre, Ghat No.2347, Ganesh Park, Opposite Talera
Warehousing Whagholi, Pune – 412 207, Maharashtra, India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sanjay Sardarilal Kochhar |
|
Designation : |
Director |
|
Address : |
No.5, NPS Lines, East Street, Pune – 411 001, Maharashtra, India |
|
Date of Birth/Age : |
16.07.1963 |
|
Date of Appointment : |
28.04.2000 |
|
DIN No.: |
00048452 |
|
|
|
|
Name : |
Mr. Darryl Jude Menezes |
|
Designation : |
Director |
|
Address : |
C-12/A, Apsara Apartments, 259, Bund Garden Road, Pune – 411 001,
Maharashtra, India |
|
Date of Birth/Age : |
25.10.1961 |
|
Date of Appointment : |
28.04.2000 |
|
DIN No.: |
00048460 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Sardarilal Kochhar |
|
10000 |
|
Darryl Jude Menezes |
|
10000 |
|
Total |
|
20000 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Internet and Network Security Software and Appliance Solutions. |
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Products/ Services : |
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GENERAL INFORMATION
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Suppliers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Sarvesh Nandlal Joshi and Company Chartered Accountants |
|
Address : |
1106, Rameshwar Chowk, Budhwar Peth, Pune – 411 002, Maharashtra,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABAPJ9168K |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000 |
Equity Shares |
Rs.10/- each |
Rs.0.200
million |
|
|
|
|
|
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 |
0.200 |
0.200 |
0.200 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
20.656 |
13.262 |
11.215 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
20.856 |
13.462 |
11.415 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.894 |
0.000 |
0.261 |
|
|
2] Unsecured Loans |
(0.073) |
0.041 |
0.000 |
|
|
TOTAL BORROWING |
0.821 |
0.041 |
0.261 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.060 |
0.075 |
|
|
|
|
|
|
|
|
TOTAL |
21.677 |
13.563 |
11.751 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
2.797 |
2.315 |
2.659 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.262 |
|
|
DEFERRED TAX ASSETS |
0.013 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
16.526
|
12.132 |
13.603 |
|
|
Cash & Bank Balances |
5.097
|
1.022 |
0.527 |
|
|
Other Current Assets |
5.856
|
2.101 |
0.000 |
|
|
Loans & Advances |
11.620
|
8.364 |
6.634 |
|
Total
Current Assets |
39.099
|
23.619 |
20.764 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8.256
|
4.554 |
5.134 |
|
|
Other Current Liabilities |
0.900
|
0.008 |
0.000 |
|
|
Provisions |
11.076
|
7.809 |
6.800 |
|
Total
Current Liabilities |
20.232
|
12.371 |
11.934 |
|
|
Net Current Assets |
18.867
|
11.248 |
8.830 |
|
|
|
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|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
21.677 |
13.563 |
11.751 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
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|
SALES |
|
|
|
|
|
|
|
Income |
|
56.252 |
57.679 |
|
|
|
Other Income |
NA |
0.606 |
0.950 |
|
|
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TOTAL |
NA |
56.858 |
58.629 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
53.829 |
51.426 |
|
|
|
Administrative Expenses |
|
|
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|
Advertising Expenses |
|
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|
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TOTAL |
NA |
53.829 |
51.426 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
10.728 |
3.029 |
7.203 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.981 |
2.307 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
2.048 |
4.896 |
|
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|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
102.39 |
244.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
3.60 |
8.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.06
|
5.38 |
12.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.61
|
11.68 |
30.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51
|
0.23 |
0.63 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.04
|
0.00 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.93
|
1.91 |
1.74 |
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 |
|
|
|
|
AS Enterprise |
0.000 |
0.027 |
|
|
Communication Links |
0.000 |
0.027 |
|
|
Convergent Communication (India) Private Limited |
0.000 |
0.086 |
|
|
DNS Worldwide Express |
0.003 |
0.000 |
|
|
Excel Marketing |
0.030 |
0.007 |
|
|
Inflow Technologies |
0.090 |
0.000 |
|
|
Ingram Micro India Limited |
0.869 |
0.489 |
|
|
Ivalue Infosolution Private Limited |
0.441 |
0.100 |
|
|
IT Consultancy Group-Pune |
0.426 |
0.372 |
|
|
Monarch Technologies Private Limited |
0.000 |
0.042 |
|
|
Neoteric Infomatique Limited |
0.000 |
0.278 |
|
|
Redington (India) Limited |
5.017 |
1.877 |
|
|
Orion Office Products |
0.020 |
0.000 |
|
|
Sai Creations |
0.000 |
0.003 |
|
|
Shatakshi Automation |
0.000 |
0.054 |
|
|
Shree Vyankatesh Computers |
0.005 |
0.000 |
|
|
Special Colours |
0.000 |
0.014 |
|
|
SM Electricals |
0.002 |
0.000 |
|
|
Tandem Computers and Telecom |
0.000 |
0.000 |
|
|
Triangular Automation |
0.000 |
0.013 |
|
|
Tata Tele-Services |
0.023 |
0.016 |
|
|
Transition Systems Private Limited |
0.444 |
0.000 |
|
|
Vishwa Land Developers Private Limited |
0.063 |
0.063 |
|
|
Web Solutions India Limited |
0.000 |
0.516 |
|
|
Westcon (India) Private Limited |
0.534 |
0.000 |
|
|
Zen Exim Private Limited |
0.072 |
0.528 |
|
|
Zoho Corporation Private Limited |
0.160 |
0.000 |
|
|
CREDITORS FOR
EXPENSES |
|
|
|
|
Rajesh Nandlal Joshi |
0.011 |
0.010 |
|
|
Isha Printers |
0.001 |
0.001 |
|
|
Reliance Communication Infrastructure Limited |
0.000 |
0.004 |
|
|
Sarvesh Nandlal Joshi |
0.037 |
0.025 |
|
|
Parsn Tech Private Limited |
0.000 |
0.002 |
|
|
Poona Club Limited |
0.008 |
0.000 |
|
|
Total |
8.256 |
4.554 |
5.134 |
|
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 |
No |
|
10) Designation of contact person |
No |
|
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 |
Yes |
|
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 |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
DIRECTORS CURRENT ACCOUNT |
|
|
|
Sanjay Kochhar |
(0.092) |
0.032 |
|
Darrl Menezes |
0.019 |
0.009 |
|
Total
|
(0.073) |
0.041 |
FINANCIAL RESULTS:
During the year of
its operation the Company has achieved a turnover of Rs.82.148 millions. The
Profit for the year ended 31st March 2012, before tax amounted to Rs.10.728
millions. They are confident of achieving even better result in the current
year.
FIXED ASSETS:
·
Furniture
·
Plant and Machinery
·
Computer
·
Office Premises
·
Vehicle
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.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.