MIRA INFORM REPORT

 

 

Report Date :

11.12.2014

 

IDENTIFICATION DETAILS

 

Name :

DOCUPRINT SOLUTIONS PRIVATE LIMITED.(w.e.f.12.04.2007)

 

 

Formerly Known As :

DOCUPRINT SOLUTIONS LIMITED.(w.e.f.12.03.2007)

 

SHREE DATAMAX SYSTEMS LIMITED

 

 

Registered Office :

F-3, Chinargulnaranand Vidya Nagar Road, Anand – 388001, Gujarat

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

23.11.2000

 

 

Com. Reg. No.:

04- 038966

 

 

Capital Investment / Paid-up Capital :

Rs. 0.562 Million

 

 

CIN No.:

[Company Identification No.]

U72900GJ2000PTC038966

 

 

IEC No.:

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

Not Divulged

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Providing variable data Printing Service

 

 

No. of Employees :

12 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Slow But Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a small company in its field. Its scale of activities are limited.

 

However, trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct.

 

The company can be considered for small to medium 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.

 

 

ECGC Country Risk Classification List – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

 

N E W S

 

Verdict Implications: Apex court order may alter coal import dynamics. Traders go slowly on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

 

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M A M Ramaswamy, a CBI official said.

 

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

 

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

 

DHL  to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

 

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

 

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

 

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

 

 

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. Mukesh Patel

Designation :

Chairman

Contact No.:

91-9426508388

Date :

09.12.2014

 

 

LOCATIONS

 

Registered Office :

F-3, Chinargulnaranand Vidya Nagar Road, Anand – 388001, Gujarat, India

Tel. No.:

91-2692-248400

Mobile No.:

91-9426508388 (Mr. Mukesh Patel)

Fax:

Not Available

E-Mail :

netlink7200@yahoo.co.in

Location :

Owned

 

 

Head Office :

201/202, Nthwani Chambers, Sardarguni, Anand – 388001, Gujarat, India

Tel. No.:

91-9426406190

 

 

Branch Office 1:

Plot No-151, Malviya Nagar, Bhopal – 463002, Madhya Pradesh, India

 

 

Branch Office 2:

704/3, Above Aum Tecno Ceramics, Phase IV, GIDC, Vitthal Udyognagar, Anand388121, Gujarat, India

 

 

Branch Office 3:

215, Loha Bhavan Near, Old High Court, Ahmedabad, Gujarat, India

 

 

DIRECTORS

 

As on 20.09.2014

 

Name :

Mr. Raju Vaghjibhai Patel

Designation :

Director

Address :

Plot No. 807, B. No. A-11, GIDC, Ankleshvar, Bharuch-393002 Gujarat, India

Date of Birth/Age :

28.02.1966

Date of Appointment :

23.11.2000

DIN No.:

01665383

 

 

Name :

Mr. Ketan Vinodrai Naik

Designation :

Additional Director

Address :

2-Sweta Apartment, Near Deep Chamber, Manjalpur, Vadodara – 390011, Gujarat, India

Date of Birth/Age :

26.03.1969

Date of Appointment :

01.02.2013

DIN No.:

06509511

 

 

KEY EXECUTIVES

 

Name :

Mr. Mukesh Patel

Designation :

Chairman

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 20.09.2014

 

Names of Shareholders

 

No. of Shares

Mukesh Vaghajibhai Patel

 

50725

Raju Vaghajibhai Patel

 

100

Pravina Mukeshbhai Patel

 

100

Vaghajibhai Govindbhai Patel

 

100

Rajendra Dahyalal Thakkar

 

100

Kamleshkumar Kanubhai Patel

 

5000

Darshna Kamleshbhai Patel

 

100

 

 

 

Total

 

56225

 

As on 30.09.2014

 

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Providing variable data Printing Service

 

 

Products :

-

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

 

 

GENERAL INFORMATION

 

Suppliers :

·         Gayatri Trading Company

·         Desktop – Creators

·         Yash Consultant

·         Sun Enterprise

·         Richo India Limited

·         Real Tech Services

·         Priya Cargo Services

·         Netlink Express Private Limited

·         Mangal Paper

·         J D Services

·         Mesh Printers

 

 

Customers :

Others

·         BSNL Mehsana

·         BSNL Rajkot

·         BSNL Valsad

·         ICICI Bank

·         Reliance Communication

·         Reliance Telecom Limited

·         Tal Teleservices Private Limited

 

 

No. of Employees :

12 (Approximately)

 

 

Bankers :

·         United Western Bank Limited, Anand, Gujarat, India

·         IDBI Bank Limited

·         ICICI Bank Limited

·         Kotak Mahindra Bank

Banker Name

HDFC Bank

Branch Address

Anand Main Branch, Gujarat, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

 

 

 

Auditors :

 

Name :

Patel And Mehta

Chartered Accountant

Address :

201/202, NATHAWANI CHAMBERS, NR. PATEL MARKET, SARDAR GUNJ, ANAND – 388001, Gujarat, India

Tel. No.:

91-2692267142

E-Mail :

anand@patelmehta.com

ca.patelmehta@gmail.com

PAN No.:

AAHFP5006E

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Divulged

 

 

Sister Concern:

Net link Express Services Private Limited

 

 

CAPITAL STRUCTURE

 

As on 20.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

Rs.10/- each

Rs. 1.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

56225

Equity Shares

Rs.10/- each

Rs.0.562 Million

 


 

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

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.562

0.562

0.562

(b) Reserves & Surplus

9.426

8.886

7.627

(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)

9.988

9.448

8.189

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

0.000

0.000

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.713

0.360

0.367

(b) Trade payables

3.040

3.062

4.822

(c) Other current liabilities

0.010

0.000

0.530

(d) Short-term provisions

(0.025)

0.230

0.321

Total Current Liabilities (4)

3.738

3.652

6.040

 

 

 

 

TOTAL

13.726

13.100

14.229

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

4.958

3.795

4.960

(ii) Intangible Assets

0.000

0.000

0.000

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.172

0.234

0.295

(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

5.130

4.029

5.255

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

4.692

3.411

3.144

(b) Inventories

0.106

0.234

0.066

(c) Trade receivables

2.096

3.153

4.076

(d) Cash and cash equivalents

1.562

2.118

1.276

(e) Short-term loans and advances

0.034

0.063

0.412

(f) Other current assets

0.106

0.092

 

Total Current Assets

8.596

9.071

8.974

 

 

 

 

TOTAL

13.726

13.100

14.229

 


PROFIT & LOSS ACCOUNT

                       

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

TOTAL INCOME

15.000

17.557

22.483

 

 

 

 

 

Add/

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

14.955

18.427

 

 

 

 

 

 

PROFIT/LOSS BEFORE DEPRECIATION AND TAX                             

NA

2.602

4.056

 

 

 

 

 

Add/

Less

DEPRECAITION/AMORTALISATION

NA

0.702

0.928

 

 

 

 

 

 

PROFIT BEFORE TAX                          

NA

1.900

3.128

 

 

 

 

 

Add/

Less

TAX

NA

0.641

0.947

 

 

 

 

 

 

PROFIT AFTER TAX                

0.540

1.259

2.181

 

 

 

 

 

Add/

Less

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

7.952

6.693

4.512

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

8.492

7.952

6.693

 

 

 

 

 

 

Earnings Per Share (Rs.)

9.60

22.39

38.79

 

 

Expected Sales (2014-15): Rs.30.000 Millions

                        

The above information has been parted by Mr. Mukesh Patel (Chairman)

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

NA

14.77

22.45

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

NA

0.20

0.38

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.07

0.04

0.04

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.30

2.48

1.49

 

 

 

 

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

0.562

0.562

0.562

Reserves & Surplus

7.627

8.886

9.426

Net worth

8.189

9.448

9.988

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

0.367

0.360

0.713

Total borrowings

0.367

0.360

0.713

Debt/Equity ratio

0.045

0.038

0.071

 

 

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

22.483

17.557

15.000

 

 

(21.910)

(14.564)

 

 

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

22.483

17.557

15.000

Profit

2.181

1.259

0.540

 

9.70%

7.17%

3.60%

 

 

 

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

Yes

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

No

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 THE COMPANY

 

 

FIXED ASSETS

 

·         Computer

·         Furniture and Fixture

·         Machinery

·         Vehicle

·         LG Fridge

·         Mobile

·         Air Condition

·         Printer

 


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.61.95

UK Pound

1

Rs.97.16

Euro

1

Rs.76.75

 

 

INFORMATION DETAILS

 

Information Gathered by :

HTL

 

 

Analysis Done by :

SMT

 

 

Report Prepared by :

MTN

 


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILIRY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

 

28

 

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

 

--

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.