MIRA
INFORM REPORT
|
Report Date : |
07.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
NEWTRACK COMPUTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-5, Ashatavinayaka Apartment, Ashok Stambha, Nasik-422013,
Maharashtra |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
09.08.2001 |
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Com. Reg. No.: |
11-133006 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.522 Million |
|
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|
|
CIN No.: [Company Identification
No.] |
U72900MH2001PTC133006 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Trader, Dealer and Repairing Services of Computer and Laptop. |
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|
|
|
No. of Employees
: |
10 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 46000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record.
There appears some dip in the turnover and profitability of the company
during current year. However, networth of the company is satisfactory. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal 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.
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. Magan Govind Gangani |
|
Designation : |
Director |
|
Contact No.: |
91-9823070112 |
|
Date : |
06.05.2013 |
LOCATIONS
|
Registered Office : |
B-5, Ashatavinayaka Apartment, Ashok Stambha, Nasik-422013,
Maharashtra, India |
|
Tel. No.: |
91-253-2578135 |
|
Mobile No.: |
91-9823070112 [Mr. Magan Govind Gangani] |
|
Fax No.: |
91-253-2578135 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Magan Govind Gangani |
|
Designation : |
Director |
|
Address : |
Plot No. 66, Raghukul Bunglow, Makhmalabad Road, Panchvati,
Nashik-422003, Maharashtra, India |
|
Date of Birth/Age : |
02.01.1968 |
|
Date of Appointment : |
19.08.2001 |
|
Din No.: |
00693064 |
|
|
|
|
Name : |
Mr. Lalji Govind Gangani |
|
Designation : |
Director |
|
Address : |
B-5, Ashatavinayaka Apartment, Ashok Stambha, Nasik-422002,
Maharashtra, India |
|
Date of Birth/Age : |
03.02.1971 |
|
Date of Appointment : |
19.08.2001 |
|
Din No.: |
00693079 |
|
|
|
|
Name : |
Mr. Mahesh Govind Gangani |
|
Designation : |
Director |
|
Address : |
Plot No. 66, Raghukul Bunglow, Makhmalabad Road, Panchvati,
Nashik-422003, Maharashtra, India |
|
Date of Birth/Age : |
10.12.1979 |
|
Date of Appointment : |
19.08.2001 |
|
Din No.: |
00693096 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Magan Govind Gangani |
|
29780 |
|
Lalji Govind Gangani |
|
29780 |
|
Mahesh Govind Gangani |
|
29780 |
|
Daksha Magan Gangani |
|
3510 |
|
Kirti Lalji Gangani |
|
3500 |
|
Daksha Mahesh Gangani |
|
3650 |
|
|
|
|
|
TOTAL
|
|
100000 |
AS ON 30.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Dealer and Repairing Services of Computer and Laptop. |
|
|
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|
Terms : |
|
|
Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
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No. of Employees : |
10 [Approximately] |
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Bankers : |
State Bank of India, SME CCC, Nasik, Patel Plaza, ND Patel Road, Opposite
BSNL Office, Nashik-422001, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S.T. Karwa and Company Chartered Accountants |
|
Address : |
340, Laxminarayan Market, Hiralal Lane, Nashik-422001, Maharashtra,
India |
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Tel. No.: |
91-253-2576643 |
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Mobile No.: |
91-9822077543 |
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E-Mail : |
|
|
PAN No: |
ABBPK7676C |
CAPITAL STRUCTURE
AS ON 30.09.2012
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 |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
AS ON 31.03.2012
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 |
|
52150 |
Equity Shares |
Rs.10/- each |
Rs.0.522 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 |
0.522 |
0.522 |
0.522 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
10.994 |
9.588 |
8.057 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11.516 |
10.110 |
8.579 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.504 |
0.998 |
1.131 |
|
|
2] Unsecured Loans |
3.467 |
3.767 |
3.242 |
|
|
TOTAL BORROWING |
3.971 |
4.765 |
4.373 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
15.487 |
14.875 |
12.952 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.530 |
2.013 |
1.535 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.025 |
0.025 |
0.025 |
|
|
DEFERREX TAX ASSETS |
0.110 |
0.062 |
0.064 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.122
|
10.781 |
7.760 |
|
|
Sundry Debtors |
35.407
|
30.372 |
56.284 |
|
|
Cash & Bank Balances |
2.750
|
4.756 |
1.933 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.071 |
|
|
Loans & Advances |
0.873
|
0.807 |
0.710 |
|
Total
Current Assets |
53.152
|
46.716 |
66.758 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
37.365
|
31.788 |
54.043 |
|
|
Other Current Liabilities |
1.280
|
1.313 |
0.489 |
|
|
Provisions |
0.685
|
0.840 |
0.902 |
|
Total
Current Liabilities |
39.330
|
33.941 |
55.434 |
|
|
Net Current Assets |
13.822
|
12.775 |
11.324 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
15.487 |
14.875 |
12.952 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
334.305 |
371.773 |
455.095 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
331.785 |
369.151 |
451.923 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.520 |
2.622 |
3.172 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.482 |
0.365 |
0.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2.038 |
2.257 |
2.878 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.632 |
0.726 |
0.907 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1.406 |
1.531 |
1.971 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
26.96 |
29.35 |
37.79 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.42
|
0.41 |
0.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.73
|
4.63 |
4.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.22 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.34
|
0.47 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.37 |
1.20 |
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 |
37.365
|
31.788 |
54.043 |
|
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 |
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) |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Other Long Term
Loans |
|
|
|
From Directors |
2.947 |
3.247 |
|
From Director’s Relatives |
0.520 |
0.520 |
|
TOTAL
|
3.467 |
3.767 |
FUTURE PLANS:
Providing quality service to their customers
has become essence of their business policy. They are concentrating on recovery
of their overdue balances in debtors.
BANKERS CHARGES REPORT
AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U72900MH2001PTC133006 |
|
Name of the
company |
NEWTRACK
COMPUTERS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
B-5, Ashatavinayaka Apartment, Ashok Stambha, Nasik-422013,
Maharashtra, India |
|
Type of charge |
Book Debts Others |
|
Particular of
charge holder |
State Bank of India, SME CCC, Nasik, Patel Plaza, ND Patel Road,
Opposite BSNL Office, Nashik-422001, Maharashtra, India Email: jivansangle@yahoo.com |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
Loan-Cum-Hypothecation |
|
Date of
instrument Creating the charge |
16.10.2012 |
|
Amount secured by
the charge |
Rs.8.500 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at 3%
above Base Rate (Base Rate, w.e.f. 20.09.2012 =9.75%). Present effective
12.75% p.a. rising or falling therewith, on daily products with monthly
rests. Terms of Repayment Repayable on
Demand Margin 1) Raw Material
Imported 25% 2) Semi Finished
Goods 25% 3) Finished Goods
25% 4) Domestic
Receivables 40% Extent and Operation of the charge First and
exclusive charge by way of hypothecation in favour of Bank over the
Borrower's present and future receivables and book debts. |
|
Short particulars
of the property charged |
Stock and Book
Debts located at Place of Business |
FIXED ASSETS:
·
Leasehold Land
·
Freehold Land
·
Freehold Buildings
·
Leasehold Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Computer
·
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.53.95 |
|
|
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.