MIRA INFORM REPORT
|
Report Date : |
10.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUPERTRON ELECTRONICS PRIVATE LIMITED (w.e.f. 12.10.2012) |
|
|
|
|
Formerly Known
As : |
SUPERTRON ELECTRONICS LIMITED |
|
|
|
|
Registered
Office : |
2, Coper Lane, Hare Street, Kolkata – 700001, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.03.1993 |
|
|
|
|
Com. Reg. No.: |
21-058211 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 84.945 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109WB1993PLC058211 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS06182B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS5171L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Distributor of wide variety of IT products including Servers,
Desktops, Laptops and Consumer Electronic Products. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1570000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company has shown a better growth in its sales turnover during
2012. Financial position appears to be decent. The ratings take into consideration the promoters capability marked by
gradual improvement in the capital structure and its strong distribution
channel and network. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. 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.
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 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years respectively.
By 2020, emerging Asia will become the world’s largest consuming block,
overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits “BBB” |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
April, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits : “A2” |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
April, 2013 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Hozeta |
|
Designation : |
Accountant |
|
Contact No.: |
91-79-26860474 |
|
Date : |
04.09.2013 |
LOCATIONS
|
Registered Office : |
2, Coper Lane, Hare Street, Kolkata – 700001, West Bengal, India |
|
Tel. No. : |
91- 33-22131221 |
|
Fax No. : |
91- 33-22130366 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch 1 : |
G-13, Akshat Avenue, Near Ramdevnagar Cross Road, Satellite, Ahmedabad
– 380015, Gujarat, India |
|
|
|
|
Branch / Satellite Office : |
Also Located at v EAST · Kolkata · Siliguri · Bhubaneswar · Ranchi · Guwahati · Patna v WEST · Ahmedabad · Mumbai · Nagpur · Pune · Surat · Rajkot · Goa · Nasik v NORTH · Bhopal · Delhi · Indore · Ludhiana · Chandigarh · Jaipur · Noida · Dehradun · Ghaziabad · Lucknow · Raipur · Gurgaon · Parwanoo v SOUTH · Bangalore · Chennai · Hyderabad · Kochi/Cochin · Coimbatore · Calicut · Vishakhapatnam · Madurai |
DIRECTORS
As on 24.08.2012
|
Name : |
Mr. Vibhor Agarwal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
F-582, Sarita Vihar, New Delhi – 110044, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.09.1969 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.COM |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.03.2004 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAWPA3878L |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00138809 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vishnu Kumar Bhandari |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2C, Dover Road, Kolkata – 700019, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.07.1959 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.COM |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.03.1993 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
AENPB2220G |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00176658 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Deepak Bhandari |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2C, Dover Road, Kolkata – 700019, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.06.1974 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.COM |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.04.2006 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
AEIPB8309K |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00852720 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nirmal Kumar Meharia |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
8, Kulipara Kashibati, P.O. Makhla, Hooghly – 712245, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.12.1961 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.07.2010 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
03152656 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Hozeta |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Mr. Raju Chandak |
|
Designation : |
Secretary |
|
Address : |
50, Cotton Street, Kolkata – 700007, West Bengal, India |
|
Date of Birth/Age : |
06.01.1976 |
|
Date of Appointment : |
17.07.2009 |
|
PAN No. : |
ADJPC9919N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vishnu Kumar Bhandari |
|
980000 |
|
Nupur Bhandari |
|
1000 |
|
Nirmala Devi Somani |
|
500 |
|
Deepak Bhandari |
|
760500 |
|
Shobha Bhandari |
|
200500 |
|
Gayatri Devi Bhandari |
|
13750 |
|
Swarnim Engg. Works Private Limited, India |
|
528125 |
|
Madhur Bhandari |
|
9375 |
|
Supercomp Electronics Private Limited, India |
|
776250 |
|
Ivory Finvest Limited, India |
|
958125 |
|
Raj Bhandari |
|
250 |
|
Ruchir Bhandari |
|
700250 |
|
Bhagwani Devi Bhandari |
|
250 |
|
R G Traders Private Limited |
|
702500 |
|
Vishnu Kumar Bhandari (HUF) |
|
672750 |
|
M.K. Distributors Private Limited, India |
|
802650 |
|
Progressive Vinimay Private Limited, India |
|
1369750 |
|
Manohar Lal Bhandari |
|
8000 |
|
Karmayogi Securities Private Limited, India |
|
10000 |
|
Total |
|
8494525 |
Allottees as on 28.09.2012
|
Names of Allottees |
|
No. of Shares |
|
Shivani Rahul Somani |
|
100 |
|
Total |
|
100 |
Allottees as on 18.02.2013
|
Names of Allottees |
|
No. of Shares |
|
Vishnu Kumar Bhandari |
|
200000 |
|
Deepak Bhandari |
|
6500 |
|
Supercomp Electronics Private Limited, India |
|
100000 |
|
Ivory Finvest Limited, India |
|
91875 |
|
R G Traders Private Limited |
|
47500 |
|
Vishnu Kumar Bhandari (HUF) |
|
180000 |
|
M.K. Distributors Private Limited, India |
|
8350 |
|
Progressive Vinimay Private Limited, India |
|
14250 |
|
Nupur Bhandari |
|
20000 |
|
Total |
|
668475 |
As on 24.08.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
58.00 |
|
Directors or relatives of Directors |
42.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Distributor of wide variety of IT products including
Servers, Desktops, Laptops and Consumer Electronic Products. |
|
|
|
|
Brand Names : |
· SUPERCOMP · SOLITAIRE |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and End Users |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
500 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· State Bank of India, Commercial Branch, Kolkata, 24, Park Street, Kolkata - 700016, West Bengal, India · Oriental Bank of Commerce, Chowringhee Branch, 32, Chowringhee Road, Kolkata - 700071, West Bengal, India · Karnataka Bank Limited, Park Street, Kolkata Branch, West Bengal, India · ICICI Bank Limited, 2B, Gorky Terrace, In Front of Park Nursing Home, Kolkata - 700017, West Bengal, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Morev and Company Chartered Accountants |
|
Address : |
16-B, Robert Street, Kolkata-700012, West Bengal, India |
|
PAN No. : |
ADAPB6584F |
|
|
|
|
Enterprises in
which the Key Management Personnel and his relatives have substantial
interest : |
· Ivory Finvest Limited · R. G. Traders Private Limited · Swarnim Engineering Works Private Limited · Supercomp Electronics Private Limited · Supertron Telecommunications Private Limited · M.K.Distributors Private Limited ·
Progressive Vininmay Private Limited |
CAPITAL STRUCTURE
After 24.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9163100 |
Equity Shares |
Rs.10/- each |
Rs. 91.631 Millions |
|
|
|
|
|
As on 24.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8494525 |
Equity Shares |
Rs.10/- each |
Rs. 84.945 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
84.945 |
77.421 |
|
(b) Reserves & Surplus |
|
307.839 |
225.346 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
392.784 |
302.767 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
51.900 |
57.750 |
|
(b) Deferred tax liabilities (Net) |
|
2.399 |
2.562 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
54.299 |
60.312 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
726.074 |
778.933 |
|
(b) Trade
payables |
|
1893.272 |
1544.450 |
|
(c) Other
current liabilities |
|
92.915 |
76.871 |
|
(d) Short-term
provisions |
|
11.641 |
9.035 |
|
Total Current
Liabilities (4) |
|
2723.902 |
2409.289 |
|
|
|
|
|
|
TOTAL |
|
3170.985 |
2772.368 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
37.303 |
36.540 |
|
(ii)
Intangible Assets |
|
3.016 |
4.258 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.124 |
0.124 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
19.279 |
14.262 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
59.722 |
55.184 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
991.023 |
727.402 |
|
(c) Trade
receivables |
|
1508.741 |
1423.146 |
|
(d) Cash
and cash equivalents |
|
503.754 |
457.795 |
|
(e)
Short-term loans and advances |
|
107.745 |
108.841 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
3111.263 |
2717.184 |
|
|
|
|
|
|
TOTAL |
|
3170.985 |
2772.368 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
77.121 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
163.766 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
240.887 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
603.057 |
|
|
2] Unsecured Loans |
|
|
123.350 |
|
|
TOTAL BORROWING |
|
|
726.407 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
OTHE LIABILITIES |
|
|
3.183 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
970.477 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
39.121 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.084 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
511.333 |
|
|
Sundry Debtors |
|
|
1105.174 |
|
|
Cash & Bank Balances |
|
|
449.504 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
123.064 |
|
Total
Current Assets |
|
|
2189.075 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1216.705 |
|
|
Other Current Liabilities |
|
|
33.304 |
|
|
Provisions |
|
|
7.794 |
|
Total
Current Liabilities |
|
|
1257.803 |
|
|
Net Current Assets |
|
|
931.272 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
970.477 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
10717.639 |
8921.873 |
|
|
|
Other Income |
|
7.244 |
5.291 |
|
|
|
TOTAL (A) |
11620.480 |
10724.883 |
8927.164 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
11374.580 |
10564.250 |
8803.589 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
245.900 |
160.633 |
123.575 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
143.742 |
58.820 |
29.972 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
102.158 |
101.813 |
93.603 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.613 |
3.365 |
3.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
98.545 |
98.448 |
90.568 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
33.688 |
33.268 |
31.272 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
64.857 |
65.180 |
59.296 |
|
|
|
|
|
|
|
|
|
|
Expenses relating
to prior period |
-- |
-- |
0.086 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
125.111 |
74.430 |
63.184 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
4.247 |
3.871 |
3.856 |
|
|
|
Tax on dividend Proposed |
0.689 |
0.628 |
0.640 |
|
|
|
Transfer to General Reserve |
10.000 |
10.000 |
10.000 |
|
|
BALANCE CARRIED
TO THE B/S |
175.032 |
125.111 |
107.898 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sale of Goods |
NA |
36.224 |
0.000 |
|
|
TOTAL EARNINGS |
NA |
36.224 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
NA |
3225.492 |
2732.701 |
|
|
TOTAL IMPORTS |
NA |
3225.492 |
2732.701 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
7.64 |
8.42 |
7.66 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.56
|
0.61 |
0.66 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.92 |
1.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.11
|
3.55 |
4.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.33 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.98
|
2.76 |
3.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
1.13 |
1.74 |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10319087 |
11/11/2011 |
350,000,000.00 |
ICICI BANK LIMITED |
2B, GORKY TERRACE, IN FRONT OF PARK NURSING HOME, KOLKATA - 700017, WEST BENGAL, INDIA |
B25833161 |
|
2 |
10303465 |
25/03/2013 * |
2,322,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA - 700016, WEST BENGAL, INDIA |
B75252387 |
|
3 |
10253212 |
22/11/2010 |
510,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA - 700016, WEST BENGAL, INDIA |
B00191627 |
|
4 |
10203234 |
10/02/2010 |
542,900,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA - 700016, WEST BENGAL, INDIA |
A79920807 |
|
5 |
10181971 |
24/10/2009 |
50,000,000.00 |
ALLAHABAD BANK |
INTERNATIONAL BRANCH, 119,PARK STREET, KOLKATA - 700017, WEST BENGAL, INDIA |
A71683197 |
|
6 |
90254254 |
25/03/2013 * |
2,322,000,000.00 |
THE KARNATAKA BANK LIMITED |
PARK STREET BRANCH, 1, SAROJINI NAIDU SARANI, KOLKATA - 700017, WEST BENGAL, INDIA |
B75241331 |
|
7 |
90254000 |
20/02/2002 * |
47,000,000.00 |
THE BANK OF RAJASTHAN LIMITED |
CHOWRINGHEE ROAD BRANCH, 31 CHOWRINGHEE ROAD, KOLKATA - 700016, WEST BENGAL, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Working capital loans from banks |
62.000 |
702.565 |
|
Loans repayable on demand from others |
664.074 |
76.300 |
|
Other loans and advances |
0.000 |
0.068 |
|
Total |
726.074 |
778.933 |
OPERATIONS
During the year the Company has achieved a turnover of Rs . 11620.480 millions as compared to Rs. 10754.009 millions representing an increase of 8% over the previous year. The Company's profit before taxation for the year was Rs 98.544 millions as against Rs. 98.448 millions in the previous year recording a growth of 0.10 %. The increase in profit was mainly due to increase in sales volumes and operational efficiencies.
PROSPECTS
The year started with a positive note, however due to floods in Thailand during October there was a acute shortage of Hard Disk Drives resulting in lower demands of components . The supply position started improving from February 2012 onwards. During the year the company entered into tie with Belkin, Smartlink, Elitecore and Kingmax for marketing of their products. The company is in advance stage of negotiation with some other major brands and is confident that the growth prospects for ensuing year are very good.
PRODUCT DIVERSIFICATION:
The company is exploring the possibility of adding some Tablet PC brands in it's product basket. There is a great potential of growth in this segment and in next 2-3 years the expected business volume of tablets in India is expected to be around 5 million tablets per annum.
GEOGRAPHICAL DIVERSIFICATION:
The company opened it branch at Parwanoo during the year under review and plans to open branches at Jammu, Nasik, Visakhapatnam, Puducherry and Siliguri.
FINANCE:
OWNFUND:
During the year under review the Company has allotted 7,52,400 Equity Shares of Rs 10/- each fully paid-up and ranking pari-passu with the existing Equity Shares were issued to the Shareholders at a premium of Rs 30/- each.
BORROWED FUND:
The Company has approached it's bankers for enhancement in credit facilities to meet its enhanced working capital requirement on account of expansion of business operations by way of addition of new products in the portfolios and opening up new branches. Based on the representation made by the company the companies bankers have enhanced the working capital facilities .
CONTINGENT
LIABILITIES (AS ON 31.03.2012) :
(Rs. in millions)
i. Sales Tax Demands against which the company is in appeal Rs.12.362 Millions (Previous year Rs. 12.144 Millions).
ii. Bank Guarantees executed Rs.317.791 Millions (Previous Year Rs.281.721 Millions).
iii. Letters of Credit issued in respect of Goods not yet received Rs.Nil Millions (Previous Year Rs.10.951 Millions).
iv. Custom Duty Demand Rs.1.385 Millions (Previous Year Rs.1.385 Millions).
v. Fringe Benefit Tax Demand Rs 0.105 Million (Previous Year 0.105 Million)
i) Sundry Debtors includes Rs. 35.740 Millions (Pr. Year Rs.33.792 Millions) for the recovery of which the company has initiated legal proceedings.
j) The Balances of sundry Debtors and Sundry Creditors are subject to confirmations from the parties.
k) Sundry Creditors includes Rs. 644.800 Millions (Previous Year Rs. 422.000 Millions) for which Buyers Credit arrangement has been made.
l) Foreign exchange Gains/(losses) of Rs. (101.104 Millions (Previous year Rs 40.488 Millions) has been adjusted with Purchases.
FIXED ASSETS
v
Tangible
Assets
· Buildings
· Office Building
· Plant and Equipment
· Other plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
v
Intangible
Assets
· Computer Software
PRESS RELEASE
MMD TIES UP WITH SUPERTRON, AS AN EXCLUSIVE NATIONAL DISTRIBUTOR FOR
PHILIPS DISPLAYS
New Delhi, June, 2013: To further strengthen its presence in the Indian market, MMD, the exclusive licensee for Philips Commercial Signage and Philips Displays has appointed Supertron Electronics Private Limited as an exclusive National distributor for Philips large format displays in India.
On this announcement, Seema T Bhatnagar, Director Philips Signage Business
India and SAARC, said "With the introduction of new Philip displays, our
aim was to meet the demand of the consumers at more economical prices. To take
the Philip display's experience to more and more consumers and in a faster
rate, MMD has roped in Supertron Electronics Private Limited as the exclusive
national distributor for Philips large display formats. The company has a
nationwide presence with 29 branch offices and warehouses and 9 satellite
offices across 29 states and Union Territories. The partnership will allow the
people to have a choice and experience of what they are looking for.
Commenting on the tie up, Mr. Vibhor Agarwal, (Director Marketing) of Supertron
Electronics Private Limited. said, "We are excited to partner with
Philips. Philips has always been a progressive thinking company, by not only
offering new technologies but also constantly upping the consumer engagement.
experience By leveraging our pan India presence with over 29 branch offices and
warehouses and our broad base national network with loyal customer base,
dedicated sales and post-sales teams we will reach a newer heights with Philips
displays . we are certain that product line is growing in India so we thrive to
take the market share with our joint expertise and consumers across India will
be able to benefit with high-quality display products from Philips."
By associating with Supertron, we want to cater to the mass largely. Through its
strong spread, Supertron will support us to reach the Indian market to
distribute the high quality, good design and innovative technologies.
About MMD:
MMD is a wholly owned company of TPV Technology established in 2009 through a
brand license agreement with Philips. MMD exclusively develops, markets and
sells Philips branded LCD monitors and public signage displays worldwide. By
combining the Philips brand promise with TPV's manufacturing expertise in
displays, MMD uses a fast and focused approach to bringing innovative products
to market. MMD operates internationally with its worldwide headquarters in
Taipei and regional Sales and Marketing HQs in Amsterdam, Shanghai and
Singapore to serve the European, China and Rest-of-World markets respectively. Through
its network of local sales offices and agencies, MMD works with all major IT
distributors and resellers. The company's design and development centers are
located in Taiwan.
About: Supertron Electronics Private
Limited Supertron Electronics Limited is a leading Information Technology
and of India and among the country's ten largest IT product distribution
intermediaries with a turnover of over INR 1200 crores. Established in 1993 in
Kolkata by Mr. V.K. Bhandari, the Chairman and Managing Director, Supertron
Electronics is driven by an overarching mission to bring world-class technology
to an under-penetrated India and empowering users.
The company's flagship business is the distribution of a wide variety of IT
hardware products including Servers, Desktops, Laptops, Netbooks, PC
components, Peripherals, Memory modules, Storage products, Networking products
and Consumer Electronic Products of brand-enhancing international vendors like
Acer, Buffalo, Dell, IBM, LG, Seagate , Transcend , Toshiba, Gateway and
Digilite among others.
TOSHIBA INDIA ANNOUNCED SUPERTRON ELECTRONICS PRIVATE LIMITED AS ITS
NATIONAL DISTRIBUTOR
Toshiba India announced Supertron Electronics Private Limited as its national distributor for the AMD processor powered Laptops and entire range of Netbooks. The appointment of Supertron Electronics is in line with the company's plans to aggressively expand its penetration in the country and further its reach to consumers in Tier II and Tier III towns.
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.61.92 |
|
|
1 |
Rs.99.45 |
|
Euro |
1 |
Rs.83.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
47 |
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.