IDENTIFICATION DETAILS
|
Name : |
CYBEROAM TECHNOLOGIES PRIVATE LIMITED (w.e.f.20.06.2011) |
|
|
|
|
Formerly Known
As : |
FAST TRACK TECHNOLOGIES PRIVATE LIMITED (w.e.f.04.10.2007) CYBEROAM TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMC02185B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC7727M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
No. of Employees
: |
Not Divulged |
BUSINESS DETAILS
|
Line of Business : |
Providing Network Security Solutions. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
· Citibank N. A. 1st Floor, Kalapurnam, Municipal Market, Navranpura.,
Ahmedabad - 380009, |
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Heritage, 3rd Floor, Near Gujrat Vidhyapith, Off Ashram
Road, Ahmedabad, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ALDFD5859Q |
|
|
|
|
Holding company
: |
Elitecore Technologies Private Limited [U72900GJ1999PTC037038] |
|
|
|
|
Subsidiary
company : |
Cyberoam Inc. |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
210.784 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
501.615 |
112.403 |
(0.017) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
420.280 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
712.399 |
532.783 |
0.083 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
3.539 |
2.139 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
20.529 |
24.541 |
0.000 |
|
Total Non-current
Liabilities (3) |
24.068 |
26.680 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
170.677 |
131.116 |
0.016 |
|
(c)
Other current liabilities |
46.864 |
13.757 |
0.000 |
|
(d) Short-term
provisions |
7.408 |
38.243 |
0.000 |
|
Total Current
Liabilities (4) |
224.949 |
183.116 |
0.016 |
|
|
|
|
|
|
TOTAL |
961.416 |
742.579 |
0.099 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
82.786 |
53.049 |
0.000 |
|
(ii)
Intangible Assets |
10.528 |
10.814 |
0.000 |
|
(iii) Capital
work-in-progress |
2.803 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
25.800 |
8.242 |
0.000 |
|
(b) Non-current Investments |
21.618 |
21.618 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
11.352 |
5.586 |
0.017 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
154.887 |
99.309 |
0.017 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
35.706 |
37.161 |
0.000 |
|
(c)
Trade receivables |
370.334 |
236.833 |
0.000 |
|
(d) Cash
and cash equivalents |
363.417 |
332.196 |
0.052 |
|
(e)
Short-term loans and advances |
22.178 |
30.395 |
0.000 |
|
(f)
Other current assets |
14.894 |
6.685 |
0.030 |
|
Total
Current Assets |
806.529 |
643.270 |
0.082 |
|
|
|
|
|
|
TOTAL |
961.416 |
742.579 |
0.099 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
1456.270 |
1066.780 |
0.150 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1175.080 |
890.810 |
0.180 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
281.190 |
175.970 |
(0.030) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
16.070 |
11.170 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
265.120 |
164.800 |
(0.030) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
86.580 |
52.530 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
178.540 |
112.270 |
(0.030) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Income from sales |
961.091 |
669.800 |
0.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Data Processing Unit & HDD |
448.734 |
332.078 |
0.000 |
|
|
|
Capital Goods |
25.628 |
0.943 |
0.000 |
|
|
TOTAL IMPORTS |
474.362 |
333.021 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
8.48 |
5.34 |
(3.00) |
|
CORPORATE INFORMATION
Subject is a private limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company provides security solutions to organizations at the network gateway as well as on endpoints with its wide range of product offerings.
OPERATIONS
During the period, the Company has achieved standalone sales (including other income) of Rs. 1456.270 Millions as against Rs. 1066.780 Millions during the previous year. The Company has made a standalone Net Profit of Rs. 178.550 Millions as against Rs. 112.270 Millions during the previous year.
During the current year, the Company has achieved
consolidated sales (including other income) of Rs. 1543.530 Millions as against
Rs. 1128.180 Millions during the previous year. The Company has made a
Consolidated Net Profit of Rs. 182.140 Millions as against Rs. 102.360 Millions
during the previous year. The consolidated performance mentioned herein above
includes the financial results of the Cyberoam Inc., USA which has became
subsidiary company of the Company by virtue of the sanctioned Scheme of
Arrangement (Demerger) by Honorable High Court of Gujarat.
DEMERGER
During the period the Company has received the order dated
19th June, 2012, for the Scheme of Arrangement (Demerger) from Hon’ble High
Court of Gujarat sanctioning the scheme and the same has become effective on
4th September, 2012 - the effective date on which the orders have been filed
with Registrar of Companies, Gujarat by the Company as well by ETPL.
Pursuant to the implementation of sanctioned Scheme of Arrangement (demerger):
The Cyberoam Division of ETPL has been vested as a going concern in the Company with all the assets and liabilities of that division as mentioned in the sanctioned scheme, with the appointed date viz. 1st April, 2011.
The Company has started maintaining separate books and accounts from effective date i.e. 4th September 2012.
The authorized share capital of the Company has been increased from Rs.1.000 Million to Rs.411.000 Millions while the authorized share capital of ETPL has been reduced by Rs. 410.000 Millions from Rs.515.511 Millions to Rs.105.511 Millions. The necessary changes in the capital clause of the respective Memorandum of Association of the Company and ETPL has been done by Registrar of Companies, Gujarat.
The Company has issued 21,068,427 number of 0.1% Cumulative
Compulsorily Convertible Preference Shares (CCCPS) of Rs.10/- each at a price
of Rs.20/- per CCCPS to all the shareholders of ETPL, in the ratio of 1000:834
i.e. 834 fully paid up CCCPS for every 1,000 equity shares of ETPL held on specified
date as a consideration for the demerger.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
- Corporate Guarantee in favour of Indian Overseas Bank, Ahmedabad in respect of Credit limits sanctioned to Elitecore
Technologies Private Limited |
200.000 |
0.000 |
|
- Guarantees given by Bank on behalf of the Company |
0.000 |
0.243 |
|
- Disputed demands of Income Tax |
|
|
|
- Assessment Year 2007-08 |
0.651 |
0.236 |
|
- Assessment Year 2008-09 |
1.389 |
1.349 |
|
- Assessment Year 2009-10 |
0.845 |
0.000 |
|
- Special Valuation Bond given to Customs for import shipment from Elitecore Technologies Private Limited Corp., USA |
2.663 |
2.663 |
|
|
|
|
|
Total |
205.548 |
4.491 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
|
Registered Office : |
901, Silicon Tower, Behind Pariseema Building, Off C.G.
Road, Near Lal Bungalow, Ahmedabad – 380006, Gujarat, India |
|
Tel. No.: |
91-79-66065606 |
|
Fax No.: |
91-79-26407640 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Sai Gulshan Complex, Beside White House, Gulbai Tekra
Road, Panchwati Cross Road, Ahmedabad – 380006, Gujarat,
India |
|
Tel. No.: |
91-79-66216666 |
|
Fax No.: |
91-79-26407640 |
|
|
|
|
Branch Offices : |
Located at: ·
Mumbai New Delhi Kolkata Bangalore Pune Chennai |
|
|
|
|
Dubai Office : |
Office 339, 4B East Wing Building,
3rd Floor, Dubai Airport
Free Zone, P.O. Box 293667 Dubai, U.A.E |
|
Tel. No.: |
+971-4-214 9860 |
|
Fax No.: |
+971-4-214 9501 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.