MIRA INFORM REPORT
|
Report Date : |
09.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
GALAXY OFFICE AUTOMATION PRIVATE LIMITED |
|
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Registered
Office : |
602, Galaxy Apartments, Off T H Kataria Marg, Mahim, Mumbai - 400016,
Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
03.11.1987 |
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Com. Reg. No.: |
11-045206 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.975
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U30000MH1987PTC045206 |
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
The company is engaged in the business of Dealing in computers,
computer peripherals, softwares and providing computer maintenance and other
Computer related services. |
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|
|
|
No. of Employees
: |
260 (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 233000 |
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|
|
|
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.
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 : |
Ms. Nandita |
|
Designation : |
Account Departments |
|
Contact No.: |
91-22-42187777 |
|
Date : |
08.05.2013 |
LOCATIONS
|
Registered Office : |
602, Galaxy Apartments, Off T H Kataria Marg, Mahim, Mumbai - 400016,
Maharashtra, India |
|
Tel. No.: |
91-22-24303555/ 24224172/ 42187777 |
|
Fax No.: |
91-22-24373143/ 42187760 |
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E-Mail : |
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Website : |
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Area : |
Owned |
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Branch Office 1
: |
A 23/24, Ambika Towers, Ground Floor, Off Jiyamata Road, Near Pump
House, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-42187777 |
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Fax No.: |
91-22-42187760 |
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E-Mail : |
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Branch Office 2
: |
BF - 38 Shantipally, 1409-Rajdanga Main Road, Opposite Chakraborty Para, Kolkata - 700107, West Bengal, India |
|
Tel. No.: |
91-33-32538359 |
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E-Mail : |
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Branch Office 3
: |
No. 30, VGP Victory house 39, Anna Salai, Chennai - 600002, Tamilnadu, India |
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Tel. No.: |
91-44-43567808 |
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E-Mail : |
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Branch Office 4
: |
1008/A, Span Trade Center, Opposite Kochrab Ashram, Ashram Road, Paldi, Ahmedabad - 380006, India |
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E-Mail : |
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Branch Office 5
: |
MIG. 6/A, Street No. 3, B. K. Guda, S. R. Nagar, Hyderabad - 500038, Andhra Pradesh, India |
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Tel. No.: |
91-40-32445323 |
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E-Mail : |
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Other Branches : |
Located at: Ø
Delhi Ø
Pune Ø
Ø
Jamshedpur |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Anoop Premanand Pai Dhungat |
|
Designation : |
Director |
|
Address : |
Flat No. 43,
Belle View Apartment, 85, Bhulabhai Desai Road, Breach Candy, Mumbai –
400026, Maharashtra, India |
|
Date of Birth/Age : |
15.09.1964 |
|
Date of Appointment : |
03.11.1987 |
|
DIN No.: |
00760191 |
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|
|
|
Name : |
Mrs. Sonu Anoop Pai Dhungat |
|
Designation : |
Director |
|
Address : |
Flat No. 43,
Belle View Apartment, 85, Bhulabhai Desai Road, Breach Candy, Mumbai –
400026, Maharashtra, India |
|
Date of Birth/Age : |
23.12.1968 |
|
Date of Appointment : |
25.09.1996 |
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DIN No.: |
00760220 |
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|
|
|
Name : |
Dr. Premanand Bhikhu Pai Dhungat |
|
Designation : |
Director |
|
Address : |
5-D, B-1, Harbour Heights, N.A. Sawant Marg, Colaba, Mumbai – 400005,
Maharashtra, India |
|
Date of Birth/Age : |
19.07.1934 |
|
Date of Appointment : |
03.11.1987 |
|
DIN No.: |
00760276 |
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|
|
|
Name : |
Mr. Nitin Premanand Pai Dhungat |
|
Designation : |
Director |
|
Address : |
5-D, B-1, Harbour Heights, N.A. Sawant Marg, Colaba, Mumbai – 400005,
Maharashtra, India |
|
Date of Birth/Age : |
20.06.1975 |
|
Date of Appointment : |
25.09.1996 |
|
DIN No.: |
00760748 |
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|
|
|
Name : |
Mrs. Padmini Premanand Pai Dhungat |
|
Designation : |
Director |
|
Address : |
5-D, B-1, Harbour Heights, N.A. Sawant Marg, Colaba, Mumbai – 400005,
Maharashtra, India |
|
Date of Birth/Age : |
10.09.1935 |
|
Date of Appointment : |
03.11.1987 |
|
DIN No.: |
01033058 |
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|
|
|
Name : |
Mr. Madan Mohan Premanand Paidhungat |
|
Designation : |
Director |
|
Address : |
3525, Taraval St., # 6, San Francisco, CA 94116, San Francisco, 94116,
United States of America |
|
Date of Birth/Age : |
28.12.1968 |
|
Date of Appointment : |
03.11.1987 |
|
DIN No.: |
02883753 |
KEY EXECUTIVES
|
Name : |
Ms. Nandita |
|
Designation : |
Account Departments |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anoop Premanand
Pai Dhungat |
|
53000 |
|
Sonu Anoop Pai Dhungat |
|
375 |
|
Premanand Bhikhu Pai Dhungat |
|
3000 |
|
Padmini Premanand Pai Dhungat |
|
375 |
|
Madan Premanand Pai Dhungat |
|
3000 |
|
Total |
|
59750 |
AS ON 19.11.2012
|
Names of Allottees |
|
No. of Shares |
|
Anoop Premanand
Pai Dhungat |
|
250 |
|
Total |
|
250 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Dealing in computers,
computer peripherals, softwares and providing computer maintenance and other
Computer related services. |
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|
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Terms : |
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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 : |
260 (Approximately) |
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Bankers : |
Ø HDFC Bank
Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013,
Maharashtra, India Tel
No.: 91-22-66521308 Ø Bank of
Maharashtra, T.H. Kataria Branch, Mahim, Mumbai - 400016, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Shah and Taparia Chartered Accountants |
|
Address : |
12, Navjeevan Wadi, Dhobi Talao, Mumbai – 400002, Maharashtra, India |
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Tel. No.: |
91-22-40220301/ 02/ 03 |
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Fax No.: |
91-22-40220301/ 02/ 03 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAOFS0663D |
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Concern in which directors are interested : |
Ø Mumbai Institute
of Computer Academics Ø Blue Zone
Systems Private Limited Ø Mas Design
Associates |
CAPITAL STRUCTURE
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
Rs. 100/- each |
Rs. 6.000
Millions |
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AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
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|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59,750 |
Equity Shares |
Rs. 100/- each |
Rs. 5.975
Millions |
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|
Terms and Rights attached to shares
Equity Shares
The company has only one class of share
capital namely Ordinary Shares having a face value of Rs. 10 per share. In
respect of every Ordinary Share (whether fully paid or partly paid), voting
right shall be in the same proportion as the capital paid up on such Ordinary
Share bears to the total paid up Ordinary capital of the Company. In the event
of liquidation of the company, the holders of the equity shares will be
entitled to receive remaining assets of the company, after distribution of all
preferential amounts. The distribution will be in proportion to the number of
equity shares held by the shareholders.
Reconciliation of Number of shares outstanding in the beginning and at
the end of the year
|
Particulars |
No. of shares |
Amount |
|
Equity Shares |
|
|
|
Shares outstanding at the beginning of the
year |
59750 |
5.975 |
|
Shares issued during the year |
-- |
-- |
|
Shares outstanding at the end of the year |
59750 |
5.975 |
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 |
5.975 |
5.975 |
5.975 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
52.376 |
42.023 |
31.471 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
58.351 |
47.998 |
37.446 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
18.572 |
13.794 |
0.836 |
|
|
2] Unsecured Loans |
4.292 |
1.966 |
2.166 |
|
|
TOTAL BORROWING |
22.864 |
15.760 |
3.002 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
81.215 |
63.758 |
40.448 |
|
|
|
|
|
|
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|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
17.669 |
15.775 |
17.323 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.014 |
0.014 |
0.014 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.514
|
5.703 |
4.122 |
|
|
Sundry Debtors |
96.507
|
87.042 |
49.572 |
|
|
Cash & Bank Balances |
24.329
|
20.374 |
55.986 |
|
|
Other Current Assets |
2.263
|
0.000 |
0.000 |
|
|
Loans & Advances |
20.621
|
13.935 |
15.620 |
|
Total
Current Assets |
151.234
|
127.054 |
125.300 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
69.484
|
64.990 |
88.237 |
|
|
Other Current Liabilities |
13.234
|
14.095 |
13.952 |
|
|
Provisions |
4.984
|
0.000 |
0.000 |
|
Total
Current Liabilities |
87.702
|
79.085 |
102.189 |
|
|
Net Current Assets |
63.532
|
47.969 |
23.111 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
81.215 |
63.758 |
40.448 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
525.894 |
404.774 |
|
|
|
|
Other Income |
1.839 |
0.955 |
|
|
|
|
TOTAL |
527.733 |
405.729 |
373.947 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock in trade |
426.255 |
316.635 |
|
|
|
|
Cost of service consumed |
7.403 |
5.962 |
|
|
|
|
Changes in inventories |
(1.811) |
(1.580) |
|
|
|
|
Employee benefit expenses |
50.493 |
47.086 |
|
|
|
|
Other Expenses |
23.612 |
17.121 |
|
|
|
|
TOTAL |
505.952 |
385.224 |
365.934 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
21.781 |
20.505 |
(Including
finance and depreciation expenses) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.982 |
1.870 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
19.799 |
18.635 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.463 |
2.836 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
15.336 |
15.799 |
8.013 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.983 |
5.247 |
2.487 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
10.353 |
10.552 |
5.526 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.270 |
0.000 |
1.397 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
173.27 |
176.60 |
92.49 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.96 |
2.61 |
1.48 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.92 |
3.90 |
N.A. |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.08 |
11.06 |
5.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.33 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.39 |
0.33 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72 |
1.61 |
1.23 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Trade payable – Due to Micro and Small Enterprises |
0.000 |
0.000 |
0.000 |
|
Trade payable – Due to Others |
69.484 |
64.990 |
88.237 |
|
Trade payable |
69.484 |
64.990 |
88.237 |
|
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 |
Yes |
|
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] |
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 |
CORPORATE
INFORMATION:
Subject is a company domiciled in India and incorporated under the
provisions of the Companies Act, 1956. The company is engaged in the business
of Dealing in computers, computer peripherals, softwares and providing computer
maintenance and other Computer related services.
UNSECURED LOANS
|
Particular |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
From Directors and Relatives |
4.292 |
1.966 |
|
Total |
4.292 |
1.966 |
CONTINGENT LIABILITIES:
Contingent liabilities: (As certified by the
management) Rs. 16.477 Millions in the respect of Bank Guarantees issued to
various customers.
FIXED ASSETS:
Ø Air Conditioner
Ø Shop
Ø Computers, Printers and Scanners
Ø Computer Software
Ø EPABX Systems
Ø Fire Extinguisher
Ø
Ø Furniture and Fixtures
Ø Mobile Phones
Ø Plant and Machinery
Ø Refrigerator
Ø Telephones
Ø Vaccum Cleaners
Ø
Ø Digital Camera
Ø Electrical Fixture and Fitting
Ø Vehicles
Ø Water Dispenser
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. 54.16 |
|
|
1 |
Rs. 83.88 |
|
Euro |
1 |
Rs. 71.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
UDS |
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 |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.