MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

CCS INFOTECH LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Trader of Laptop and its Peripherals and also providing Hardware and Networking Solution.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         State Bank of India

·         Tamilnad Mercantile Bank Limited

·         ICICI Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG-TERM BORROWINGS

 

 

SBI-Term Loan

3.934

12.461

SBI-WCTL

120.000

0.165

SHORT TERM BORROWINGS

 

 

SBI-Cash Credit Account

93.446

199.400

 

 

 

Total

 

217.380

212.026

 

 

UNSECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Suganya

26.923

0.000

Rahmath Mushina

0.852

0.000

 

 

 

Total

 

27.775

0.000

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Subbiah and Company

Chartered Accountants

Address :

Chennai - 600093, Tamilnadu, India

 

 

Wholly Owned Subsidiary:

CCS Infotech Singapore Pte Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.06.2014

 

Category of Shareholder

Total No. of Shares

As a %

(A) Shareholding of Promoter and Promoter Group

 

 

(1) Indian

 

 

Individuals / Hindu Undivided Family

2380801

23.70

Sub Total

2380801

23.70

(2) Foreign

 

 

Total shareholding of Promoter and Promoter Group (A)

2380801

23.70

(B) Public Shareholding

 

 

(1) Institutions

 

 

(2) Non-Institutions

 

 

Bodies Corporate

372579

3.71

Individuals

 

 

Individual shareholders holding nominal share capital up to Rs. 0.100 Million

3914245

38.97

Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million

3253409

32.39

Any Others (Specify)

123966

1.23

Clearing Members

43922

0.44

Non Resident Indians

80044

0.80

Sub Total

7664199

76.30

Total Public shareholding (B)

7664199

76.30

Total (A)+(B)

10045000

100.00

(C) Shares held by Custodians and against which Depository Receipts have been issued

 

 

(1) Promoter and Promoter Group

0

0.00

(2) Public

0

0.00

Sub Total

0

0.00

Total (A)+(B)+(C)

10045000

100.00

 

 

 

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

100.450

100.450

100.450

(b) Reserves & Surplus

101.127

100.061

93.470

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

201.577

200.511

193.920

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

123.934

12.625

22.458

(b) Deferred tax liabilities (Net)

0.883

0.883

0.883

(c) Other long term liabilities

0.000

3.428

3.713

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

124.817

16.936

27.054

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

121.221

199.401

137.813

(b) Trade payables

222.065

166.469

116.213

(c) Other current liabilities

4.693

2.406

2.088

(d) Short-term provisions

0.000

(3.258)

0.000

Total Current Liabilities (4)

347.979

365.018

256.114

 

 

 

 

TOTAL

674.373

582.465

477.088

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

5.305

11.131

16.902

(ii) Intangible Assets

3.421

5.701

0.151

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.518

0.518

0.702

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

9.244

17.350

17.755

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

124.604

128.356

74.650

(c) Trade receivables

430.246

336.389

290.749

(d) Cash and cash equivalents

4.316

4.238

4.951

(e) Short-term loans and advances

17.337

10.935

12.864

(f) Other current assets

88.626

85.197

76.119

Total Current Assets

665.129

565.115

459.333

 

 

 

 

TOTAL

674.373

582.465

477.088

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

 

31.03.2011

 

SALES

 

 

 

 

 

Income

385.006

943.735

759.702

 

 

Other Income

52.887

72.407

61.231

 

 

TOTAL                                     (A)

437.893

1016.142

820.933

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

380.526

930.161

754.764

 

 

Employees benefits expense

8.458

10.601

8.541

 

 

Administrative Expenses

6.356

7.903

9.329

 

 

Selling Expenses

0.712

4.655

4.819

 

 

Other expenses

0.311

1.702

0.523

 

 

TOTAL                                     (B)

396.363

955.022

777.976

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

41.530

61.120

42.957

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

32.198

42.633

23.337

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

9.332

18.487

19.620

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

8.266

9.776

8.039

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

1.066

8.711

11.581

 

 

 

 

 

Less

TAX                                                                  (H)

0.904

2.121

0.905

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

0.162

6.590

10.676

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

100.060

93.470

82.794

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

100.222

100.060

93.470

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

 NA

1.236

2.346

 

 

 

 

 

 

Earnings Per Share (Rs.)

 0.09

0.66

1.06

 

 

QUARTERLY RESULTS

 

PARTICULARS

 

30.06.2013

30.09.2013

31.12.2013

 

Unaudited

Unaudited

Unaudited

Net Sales

117.900

109.200

144.900

Total Expenditure

118.800

108.900

139.200

PBIDT (Excl OI)

(0.900)

0.300

5.700

Other Income

0.000

0.000

12.100

Operating Profit

(0.900)

0.300

17.800

Interest

8.500

6.500

6.900

Exceptional Items

0.000

0.000

0.000

PBDT

(9.400)

(6.300)

10.900

Depreciation

0.400

0.400

1.400

Profit Before Tax

(9.800)

(6.700)

9.400

Tax

0.000

0.000

0.000

Provisions and contingencies

0.000

0.000

0.000

Profit After Tax

(9.800)

(6.700)

9.400

Extraordinary Items

0.000

0.000

0.000

Prior Period Expenses

0.000

0.000

0.000

Other Adjustments

0.000

0.000

0.000

Net Profit

(9.800)

(6.700)

9.400

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (26)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Exist

 

LITIGATION DETAILS:

 

CHENNAI COURT
CASE STATUS INFORMATION SYSTEM

 

Case Status:

Pending

Status Of:

APPLICATION

Case No.:

765

Year :

2013

Petitioner :

M/S. ICICI LOMBARD GENERAL

Respondent :

M/S.CCS INFOTECH LTD

Pet's Advocate :

M/S.FOX MANDAL & ASSOCIAT

Res's Advocate :

R1-M/S.CCS INFOTECH LTD

Category :

Money Suits

 

Last Listed on: No Date Mentioned

Case Updated on :

Apr 3 2013

No Connected Application(s)

No Connected Matter(s)

 

 

RBI DEFAILTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office :

Flat No. 7, 3rd Floor, “CCS Towers”, No. 14, Old No. 18, Periyar High Road, T. Nagar, Chennai - 600017, Tamilnadu, India 

Tel. No.:

91-44-28343897/ 28341121 (6 Line)

Fax No.:

91-44-28340784

E-Mail :

info@ccsinfotech.com

hasan@ccsinfotech.com

saikrishna@ccsinfotech.com

Website :

http://www.ccsinfotech.com

 

 

Corporate Office :

CCS Towers, 14, Periyar Road, T. Nagar, Chennai – 600017, Tamilnadu, India  

Tel. No.:

91-44-28341121 [6 Lines]

Fax No.:

91-44-28340784

 

 

Factory :

“Lakshmi Home: Plot No-14, Block C, Vinoba Nagar, Mariammakoil Street, Pondicherry – 605013, U.T., India

 

 

Overseas Office :

# 11-06,SIM LIM Towers, 10, Jalan Bezar, Singapore - 208787

Tel. No.:

0065-62966350

Fax No.:

0065-62965286

E-Mail :

singapore@ccsinfotech.com

 

 

Branch Offices :

Located at:

 

·         Coimbatore

·         Vellore

·         Madurai

·         Salem

·         Pondicherry

·         Trichy

·         Tiruvananthapuram

·         Hyderabad

·         Nellore

·         Mumbai

·         Bangalore

 

 

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