MIRA INFORM REPORT
|
Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
AEGIS INFOWARE PRIVATE LIMITED |
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Registered
Office : |
230, Platinum Plaza, Opposite IOC Petrol Pump, Judges Bungalow Road,
Bodakdev, Ahmedabad-380015, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
23.06.2006 |
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Com. Reg. No.: |
04-048546 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.900 Million |
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CIN No.: [Company Identification
No.] |
U72100GJ2006PTC048546 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA07034G |
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PAN No.: [Permanent Account No.] |
AAFCA7944P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Computer
and Computer Peripherals. |
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No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 68000 |
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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 an established company having a moderate track record. Even though the profitability of the company has improved, the profit margin
appears to be low. There appears huge external borrowing which acts as a
threat to the liquidity. However, trade relations are fair. Business is active. Payments are
reported as slow but correct. The company can be considered for 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
NSIC Rating (SE1B) |
|
Rating Explanation |
Highest performance capability and moderate financial strength |
|
Date |
27.09.2012 |
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. Deepak Kadia |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9974444511 |
|
Date : |
23.05.2013 |
LOCATIONS
|
Registered Office : |
230, 2nd Floor, Platinum Plaza, Opposite IOC Petrol Pump, Judges
Bungalow Road, Bodakdev, Ahmedabad-380015, Gujarat, India |
|
Tel. No.: |
91-79-66097903 / 4 |
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Mobile No.: |
91-9974444511 (Mr. Deepak Kadia) |
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Fax No.: |
91-79-66097903 / 26731004 |
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E-Mail : |
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Website : |
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Branch Office : |
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DIRECTORS
AS ON 29.09.2012
|
Name : |
Mrs. Seema Atulbhai Shah |
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Designation : |
Independent Director |
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Address : |
806, Raj Garden Apartment, New Vikash Gruh Road, Paldi,
Ahmedabad-380007, Gujarat, India |
|
Date of Birth/Age : |
16.02.1968 |
|
Date of Appointment : |
24.03.2010 |
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DIN No.: |
00311014 |
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Name : |
Mr. Atul Rajarambhai Shah |
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Designation : |
Director |
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Address : |
806, Rajgarden, New Vikash Gruh, Paldi, Ahmedabad-380007, |
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Date of Birth/Age : |
19.10.1967 |
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Date of Appointment : |
23.06.2006 |
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DIN No.: |
00311081 |
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Name : |
Mr. Manish Harishbhai Acharya |
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Designation : |
Director |
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Address : |
A/4, Satellite Plaza, Row House, Opposite Akar Society, P. N. Road,
Satellite, Ahmedabad-380015, Gujarat, India |
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Date of Birth/Age : |
16.05.1970 |
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Date of Appointment : |
23.06.2006 |
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DIN No.: |
00311222 |
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Name : |
Mrs. Sharmilee Manishbhai Acharya |
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Designation : |
Independent Director |
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Address : |
A/4, Satellite Plaza, Row House, Opposite Akar Society, P. N. Road,
Satellite, Ahmedabad-380015, |
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Date of Birth/Age : |
04.09.1971 |
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Date of Appointment : |
24.03.2010 |
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DIN No.: |
03012063 |
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Name : |
Mr. Nirav Yashvant Jani |
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Designation : |
Director |
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Address : |
Manjula Deep, Plot No.1214/1, Sector 7D, Gandhinagar-382007, |
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Date of Birth/Age : |
14.06.1973 |
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Date of Appointment : |
23.06.2006 |
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DIN No.: |
00337159 |
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Name : |
Mr. Ashish Chandrakant Mehta |
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Designation : |
Director |
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Address : |
Himanshu Villa, 2 Vimanagar Raiya Road, Rajkot-360004,
Gujarat, India |
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Date of Birth/Age : |
28.11.1982 |
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Date of Appointment : |
07.04.2011 |
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DIN No.: |
03483580 |
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Name : |
Mr. Abhaykumar Arvindbhai Gandhi |
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Designation : |
Director |
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Address : |
2914 Vaghan Pole, Zaveri Wad Relif Road, Ahmedabad-38000,
Gujarat, India |
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Date of Birth/Age : |
22.05.1974 |
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Date of Appointment : |
07.04.2011 |
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DIN No.: |
03483586 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak Kadia |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Atul Rajarambhai Shah Rajarambhai B. Shah |
18000 |
|
Manish Harishbhai Acharya Harishbhai T. Acharya |
18000 |
|
Nirav Yashvantrai Jani Yashvantrai Jani |
17950 |
|
Seema Atul Shah |
18000 |
|
Sharmilee Manishbhai Acharya |
18000 |
|
Parulben Kirti Thakkar |
10 |
|
Anilbhai D. Shah(HUF) |
10 |
|
Kirtivallan Jagjivandas Thakkar |
10 |
|
Rekha D. Mehta |
10 |
|
Ushaben Anilbhai Shah |
10 |
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TOTAL
|
90000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
99.94 |
|
Others |
0.06 |
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TOTAL |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Computer
and Computer Peripherals. |
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Imports : |
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Products : |
Computer and Computer Peripherals |
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Countries : |
Hong Kong |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
Retailers and End Users |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
Tel No.:- 91-79-26855284 |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
D. G. Patel and Company Chartered Accountant |
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Address : |
5/A, Dineshnagar Society, Near Naranpura Railway Crossing,
Ahmedabad-380013, |
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PAN No.: |
AAFFD4114M |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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 |
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|
90000 |
Equity Shares |
Rs.10/- each |
Rs. 0.900
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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|
SHAREHOLDERS FUNDS |
|
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|
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1] Share Capital |
0.900 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
16.269 |
3.871 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
[0.007] |
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NETWORTH |
17.169 |
3.971 |
0.093 |
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LOAN FUNDS |
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|
1] Secured Loans |
59.859 |
49.946 |
0.000 |
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2] Unsecured Loans |
39.233 |
27.912 |
0.000 |
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TOTAL BORROWING |
99.092 |
77.858 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.022 |
0.047 |
0.000 |
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TOTAL |
116.283 |
81.876 |
0.093 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.258 |
2.538 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
105.948
|
50.612 |
0.477 |
|
|
Sundry Debtors |
156.874
|
91.855 |
0.000 |
|
|
Cash & Bank Balances |
0.359
|
0.641
|
0.074
|
|
|
Other Current Assets |
0.000
|
0.023 |
0.000 |
|
|
Loans & Advances |
1.621
|
0.766 |
0.024 |
|
Total
Current Assets |
264.802
|
143.897 |
0.575 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
149.546
|
63.276
|
0.510
|
|
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Other Current Liabilities |
1.224
|
0.527 |
0.000 |
|
|
Provisions |
1.007
|
0.756 |
0.000 |
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Total
Current Liabilities |
151.777
|
64.559 |
0.510 |
|
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Net Current Assets |
113.025
|
79.338
|
0.065
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.028 |
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|
|
|
|
|
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TOTAL |
116.283 |
81.876 |
0.093 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
|
|
|
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|
|
|
Income |
1426.320 |
1037.177 |
0.000 |
|
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Other Income |
|
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TOTAL (A) |
1426.320 |
1037.177 |
0.000 |
|
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|
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Less |
EXPENSES |
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|
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|
Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
1396.981 |
1025.102 |
0.007 |
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|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
29.339 |
12.075 |
(0.007) |
|
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Less |
FINANCIAL
EXPENSES (D) |
10.139 |
5.781 |
0.000 |
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.200 |
6.294 |
(0.007) |
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.755 |
0.676 |
0.000 |
|
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|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
18.445 |
5.618 |
(0.007) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.047 |
1.741 |
0.000 |
|
|
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|
|
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|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
12.398 |
3.877 |
(0.007) |
|
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|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.870 |
(0.007) |
0.000 |
|
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|
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|
BALANCE CARRIED
TO THE B/S |
16.268 |
3.870 |
(0.007) |
|
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|
|
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|
|
Earnings Per
Share (Rs.) |
137.76 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.87
|
0.37 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.88
|
3.84 |
(1.22) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.07
|
1.41 |
(0.08) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.77
|
19.61 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74
|
2.23 |
1.13 |
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 |
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 |
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 |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Loans and Advances from Directors
|
17.295 |
15.476 |
|
Loans and Advances Form Others |
15.708 |
12.436 |
|
Other Loans and Advances |
6.230 |
0.000 |
|
|
|
|
|
TOTAL |
39.233 |
27.912 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
149.546
|
63.276
|
|
|
Sundry Creditors for Goods |
-- |
-- |
0.502 |
|
Sundry Creditors for Expenses |
-- |
-- |
0.008 |
|
|
|
|
|
|
TOTAL |
149.546
|
63.276
|
0.510 |
FORM 8
|
Corporate
identity number of the company |
U72100GJ2006PTC048546 |
|
Name of the company
|
AEGIS INFOWARE
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
230, Platinum Plaza, Opposite IOC Petrol Pump, Judges Bunglow Road,
Bodakdev, Ahmedabad-380015, Gujarat, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10220972 |
|
Type of charge |
|
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
West, Mumbai-400013, Maharashtra, India Email ID: RBBform8@hdfcbank.com
|
|
Nature of
instrument creating charge |
Supplementary
Letter of Hypothecation |
|
Date of
instrument Creating the charge |
19.12.2012 |
|
Amount secured by
the charge |
Rs. 100.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at the rate
as may be communicated by the Bank from time to time. Terms of repayment Working Capital
facility shall be repayable on demand. Term Loan
facility shall be repayable in suitable installments. Margin As may be stipulated
by the Bank from time to time. Extent and operation of the charge Hypothecation by
way of First Charge on Company's Stocks, Book Debts to secure as a for the
repayment of Rs.100.000 Millions together with interest, costs, charges,
expenses and other moneys due and payable by the Company to the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
Stock-in-trade,
consisting of raw materials, goods in process of manufacturing finished
goods, and other merchandise whatsoever being movable properties, All the debts,
that is, all the book debts, out standings, monies receivables, claims, bills, invoice documents, contracts,
guarantees, and rights which are now |
|
Date of
instrument modifying the charge |
30.07.2011 |
|
Particulars of
the present modification |
The Charge shall
now stand increased from Rs.70.000 Millions to Rs.100.000 Millions against
the security of Stocks, Book Debts of the Company. |
FIXED ASSETS
- Air
Conditioner
- Car
- Computer and
Peripherals
- Electric Fan
- Mobile Phone
- Motor Cycle
- Office
Equipments
- Software
- Television
- Water Cooler
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. 55.99 |
|
|
1 |
Rs. 84.18 |
|
Euro |
1 |
Rs. 71.86 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
35 |
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.