MIRA INFORM REPORT
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Report Date : |
10.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
C-DOT SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
41/5, Chinar Apartments, Flat No 2, Taware Colony, Off |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
21.03.2000 |
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Com. Reg. No.: |
11-014617 |
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Capital
Investment / Paid-up Capital : |
Rs.1.350 Millions |
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CIN No.: [Company Identification
No.] |
U72300PN2000PTC014617 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEC05552B |
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PAN No.: [Permanent Account No.] |
AABCC7546D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer and Distributor of Computer Peripherals. |
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No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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. There is a slight dip in profit of the company in the year 2014.
However, liquidity position of the company is strong and healthy. Tarde relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sanjay Yadav |
|
Designation : |
Account Manager |
|
Contact No.: |
91-20-25447139 |
|
Date : |
09.12.2014 |
LOCATIONS
|
Registered Office : |
41/5, Chinar Apartments, Flat No 2, Taware Colony, Off |
|
Tel. No.: |
91-20-25447139 / 25444948 / 25412211 |
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Fax No.: |
91-20-25450318 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Mandar Vijay Keskar |
|
Designation : |
Whole-time director |
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Address : |
B-802, Hyde Park, Near Market Yard, Gultekdi, Pune – 411037, |
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Date of Birth/Age : |
25.05.1974 |
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Date of Appointment : |
21.03.2000 |
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DIN No.: |
01973581 |
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Name : |
Mr. Rajeev Ramdas Phadtare |
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Designation : |
Director |
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Address : |
A-204, Tower A, Hyde Park, S No.587, Near Market Yard, Gultekdi, Pune
– 411037, Maharashtra, India |
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Date of Birth/Age : |
06.06.1969 |
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Date of Appointment : |
21.03.2000 |
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DIN No.: |
01973570 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Yadav |
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Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Mandar Vijay Keskar |
67500 |
50.00 |
|
Rajeev Ramdas Phadtare |
67500 |
50.00 |
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Total |
135000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Dealer and Distributor of Computer Peripherals. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Credit (30 to 45 Days) |
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Purchasing : |
Credit (30 to 45 Days) |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
IN IT AND ITES v BNY Mellon India Private Limited v AMDOCS v UBICS Technologies India Private
Limited v Cross Country India Private Limited
v Quinstreet India Private Limited v Computational Research Laboratory
Private Limited (A Tata Initiative) v Banking and Financial Institutions v Bajaj Allianz Life Insurance Company
Limited v Bajaj Allianz General Insurance
Company Limited v Barclays Technology Centre India
Private Limited v Janata Sahakari Bank Limited v Dombiwali Sahakari Bank Limited v Shri Renukamata Multistate Co-Op
Urban Credit Society MANUFACTURING AND AUTO INDUSTRY v Finolex Industries Limited. v GABRIEL India. v EagleBurgmann India Private Limited
v H.B. Fuller India Adhesives Private
Limited v L'Oreal India. v Kirloskar Oil Engines Limited v Kirloskar Pneumatic Company Limited
v NMHG India Private Limited v Hyperion India Private Limited v Educational Institutes v University of Pune. v MIT College of Engineering v Victorious Kidds Educares (An IB
School). v Sri Balaji Society (All institutes) INDIRA GROUP OF INSTITUTES. v Government Organizations v National Chemical Laboratory. v Agharkar Research Institute
(Macs-ARI). v National Institute of Virology v Indian Insitute Of Management
(IIM-Indore) v Army Institute of Technology (AIT) v National AIDS Research Institute
(NARI) AUTOMOBILE – RETAIL v BMW-Bavaria Motors Private Limited v Sterling Honda Private Limited v Asset Auto - Skoda Auto CONSTRUTION AND INFRASTRUCTRE DEVELOPERS v Rajdeep Buildcon Private Limited v Suroj Buildcon Private Limited v Murli Realtors. v Retail Concepts. v KENT Intelligent Transportation
Systems (India) Private Limited |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
SPJV and Company Chartered Accountants |
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Address : |
C-102, Devgiri Apts, Ganeshmala Signal, Sinhagad Road Pune – 411030, Maharashtra, India |
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Tel. No. : |
91-20-64001658 / 24252772 / 74 |
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E-Mail : |
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Website : |
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PAN
No. : |
AACFV2464R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates / Subsidiaries : |
Nil |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
135000 |
Equity Shares |
Rs.10/- each |
Rs.1.350 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
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|
(1)Shareholders'
Funds |
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|
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|
(a) Share Capital |
1.350 |
1.350 |
1.350 |
|
(b) Reserves & Surplus |
77.333 |
70.032 |
61.979 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.021 |
0.021 |
0.021 |
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Total
Shareholders’ Funds (1) + (2) |
78.704 |
71.403 |
63.350 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
6.891 |
8.240 |
3.725 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.001 |
0.182 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.425 |
0.411 |
0.050 |
|
Total Non-current
Liabilities (3) |
7.316 |
8.652 |
3.957 |
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(4) Current Liabilities |
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|
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|
(a) Short
term borrowings |
14.016 |
14.659 |
0.094 |
|
(b) Trade
payables |
13.823 |
22.754 |
32.420 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
15.798 |
27.150 |
23.677 |
|
Total Current
Liabilities (4) |
43.637 |
64.563 |
56.191 |
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TOTAL |
129.657 |
144.618 |
123.498 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
10.762 |
11.300 |
12.029 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.010 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
8.386 |
9.145 |
0.012 |
|
Total Non-Current
Assets |
19.158 |
20.445 |
12.041 |
|
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|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
30.369 |
13.402 |
7.719 |
|
(b)
Inventories |
0.080 |
0.160 |
0.450 |
|
(c) Trade
receivables |
10.891 |
15.937 |
20.875 |
|
(d) Cash
and cash equivalents |
54.208 |
67.700 |
51.021 |
|
(e)
Short-term loans and advances |
14.751 |
25.976 |
31.336 |
|
(f) Other
current assets |
0.200 |
0.998 |
0.056 |
|
Total
Current Assets |
110.499 |
124.173 |
111.457 |
|
|
|
|
|
|
TOTAL |
129.657 |
144.618 |
123.498 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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SALES |
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Income |
|
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Other Income |
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TOTAL |
207.215 |
153.645 |
239.910 |
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|
Less |
EXPENSES |
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|
Office Expenses |
|
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
196.366 |
141.892 |
217.534 |
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|
PROFIT/
(LOSS) BEFORE TAX |
10.849 |
11.753 |
22.376 |
|
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Less |
TAX |
3.549 |
3.699 |
7.935 |
|
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PROFIT/
(LOSS) AFTER TAX |
7.300 |
8.054 |
14.441 |
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|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
54.07 |
59.66 |
106.97 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.37 |
8.13 |
18.12 |
|
|
|
|
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.16 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.27 |
0.32 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.53 |
1.92 |
1.98 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
1.350 |
1.350 |
1.350 |
|
Reserves & Surplus |
61.979 |
70.032 |
77.333 |
|
Share
Application money pending allotment |
0.021 |
0.021 |
0.021 |
|
Net worth |
63.350 |
71.403 |
78.704 |
|
|
|
|
|
|
long-term borrowings |
3.725 |
8.240 |
6.891 |
|
Short term borrowings |
0.094 |
14.659 |
14.016 |
|
Total borrowings |
3.819 |
22.899 |
20.907 |
|
Debt/Equity ratio |
0.060 |
0.321 |
0.266 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
239.910 |
153.645 |
207.215 |
|
|
|
(35.957) |
34.866 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
239.910 |
153.645 |
207.215 |
|
Profit |
14.441 |
8.054 |
7.300 |
|
|
6.02% |
5.24% |
3.52% |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Current
Maturities of Long Term Debts is Not Available.
|
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 |
Yes |
|
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 |
INDEX OF CHARGES
No Charges Exist for Company
FIXED ASSETS
œ Computer
œ Biometric Time and Attendance
œ Air Conditioner
œ Furniture and Fixture
œ Office
œ Electrical Equipment
œ Vehicle
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.61.87 |
|
|
1 |
Rs.96.90 |
|
Euro |
1 |
Rs.76.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
|
-- PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
NO |
|
--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.