MIRA INFORM REPORT
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Report Date : |
15.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
S. KUMAR COMPUTERS PRIVATE LIMITED |
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Registered
Office : |
1st Floor, Satyam Centre, Near Inquilab Society, Gulbai
Tekra, Ahmedabad - 380015, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.01.2008 |
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Com. Reg. No.: |
04-052579 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.000 Millions |
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CIN No.: [Company Identification
No.] |
U72501GJ2008PTC052579 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMS16243D |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Computer Peripherals. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems some dip in the turnover and profit during F.Y.2014 of the
company however net worth of the company is satisfactory. General financial
position of the company is normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered normal 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.
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 DENIED BY
|
Name : |
Mr. Hemant |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-9825412570 |
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Date : |
12.12.2014 |
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|
Name : |
Mr. Kantibhai |
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Designation : |
Sales Executive |
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Contact No.: |
91-9227207618 |
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Date : |
12.12.2014 |
LOCATIONS
|
Registered Office : |
1st Floor, Satyam Centre, Near Inquilab Society, Gulbai Tekra,
Ahmedabad - 380015, Gujarat, India |
|
Tel. No.: |
91-79-26306143/ 26306215/ 26300297/ 26303260 |
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Mobile No.: |
91-9825412570 (Mr. Hemant) |
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Fax No.: |
91-79-26301847 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch Offices : |
Located at: ·
·
·
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DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Nimishbhai Sharadbhai Hansoti |
|
Designation : |
Director |
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Address : |
17, Nishant Bungalows, Part II, Ashwamegh III, Near Kameshwar Park, Satellite
Road, Ahmedabad-380015, Gujarat, India |
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Date of Birth/Age : |
27.04.1957 |
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Date of Appointment : |
07.01.2008 |
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DIN No.: |
00130750 |
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Name : |
Mrs. Nita Nimish Hansoti |
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Designation : |
Director |
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Address : |
17, Nishant ll Bungalows, Near Ashwamegh III, Satellite Road,
Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
28.09.1957 |
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Date of Appointment : |
07.01.2008 |
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DIN No.: |
01958343 |
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Name : |
Mrs. Bhumika Nimish Hansoti |
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Designation : |
Director |
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Address : |
17, Nishant – II, Ashwamegh – III, Satellite Road, Ahmedabad – 380015,
Gujarat, India |
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Date of Birth/Age : |
21.07.1986 |
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Date of Appointment : |
07.01.2008 |
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DIN No.: |
01974909 |
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Name : |
Mr. Rabindranath Rakhalchandra Biswas |
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Designation : |
Director |
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Address : |
4, Shantidham Bunglows, Vasna Road, Vadodara – 390016, Gujarat, India |
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Date of Birth/Age : |
12.09.1955 |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
02996016 |
KEY EXECUTIVES
|
Name : |
Mr. Hemant |
|
Designation : |
Accounts Manager |
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|
Name : |
Mr. Kantibhai |
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Designation : |
Sales Executive |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Nimish Hansoti |
5000 |
1.00 |
|
Nita Hansoti |
52500 |
10.50 |
|
Bhumika Hansoti |
52500 |
10.50 |
|
Nimish Hansoti – HUF |
390000 |
78.00 |
|
Total |
500000 |
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 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Computer Peripherals. |
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Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
S. K. Chalishazar and Company Chartered Accountants |
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Address : |
601-603, Abhijeet – IV, Opposite, mayor’s Bunglow, Law Garden, Ellisbridge,
Ahmedabad – 380006, Gujarat, India |
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Tel. No.: |
91-79-26400531 / 32 |
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E-Mail : |
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PAN No. : |
AAQPC9573l |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Enterprise over which director has control |
Wonder World |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 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 |
|
|
|
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
5.000 |
5.000 |
5.000 |
|
(b) Reserves &
Surplus |
16.521 |
14.139 |
11.001 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
21.521 |
19.139 |
16.001 |
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|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
23.576 |
24.203 |
24.413 |
|
(b) Deferred tax
liabilities (Net) |
2.030 |
1.867 |
1.674 |
|
(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) |
25.606 |
26.070 |
26.087 |
|
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(4) Current Liabilities |
|
|
|
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(a) Short term borrowings |
13.265 |
14.383 |
18.676 |
|
(b) Trade payables |
14.866 |
6.922 |
10.066 |
|
(c) Other current
liabilities |
9.457 |
26.554 |
11.100 |
|
(d) Short-term provisions |
8.631 |
7.805 |
6.943 |
|
Total Current Liabilities
(4) |
46.219 |
55.664 |
46.785 |
|
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|
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TOTAL |
93.346 |
100.873 |
88.873 |
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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 |
20.156 |
20.218 |
20.541 |
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(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) |
0.000 |
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 |
20.156 |
20.218 |
20.541 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
19.984 |
18.816 |
16.484 |
|
(c) Trade receivables |
34.960 |
46.829 |
39.520 |
|
(d) Cash and cash
equivalents |
6.775 |
3.529 |
3.063 |
|
(e) Short-term loans and
advances |
11.471 |
11.481 |
9.265 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
73.190 |
80.655 |
68.332 |
|
|
|
|
|
|
TOTAL |
93.346 |
100.873 |
88.873 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
193.220 |
249.490 |
202.410 |
|
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Other Income |
NA |
NA |
NA |
|
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TOTAL |
NA |
NA |
NA |
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|
Less |
EXPENSES |
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|
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TOTAL |
NA |
NA |
NA |
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PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
5.000 |
6.130 |
5.780 |
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.500 |
1.460 |
1.400 |
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PROFIT/ (LOSS) BEFORE TAX |
3.500 |
4.670 |
4.380 |
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Less |
TAX |
1.120 |
1.530 |
1.410 |
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PROFIT/ (LOSS) AFTER TAX
|
2.380 |
3.140 |
2.970 |
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|
Earnings / (Loss) Per
Share (Rs.) |
4.77 |
6.28 |
5.94 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
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|
|
|
Net Profit Margin (PAT / Sales) |
(%) |
1.23 |
1.26 |
1.47 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.75 |
4.63 |
4.93 |
|
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.24 |
0.27 |
|
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|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.71 |
2.02 |
2.69 |
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|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58 |
1.45 |
1.46 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
11.001 |
14.139 |
16.521 |
|
Net worth |
16.001 |
19.139 |
21.521 |
|
|
|
|
|
|
long-term borrowings |
24.413 |
24.203 |
23.576 |
|
Short term borrowings |
18.676 |
14.383 |
13.265 |
|
Total borrowings |
43.089 |
38.586 |
36.841 |
|
Debt/Equity ratio |
2.693 |
2.016 |
1.712 |
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) |
|
Sales |
202.410 |
249.490 |
193.220 |
|
|
|
23.260 |
(22.554) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
202.410 |
249.490 |
193.220 |
|
Profit |
2.970 |
3.140 |
2.380 |
|
|
1.47% |
1.26% |
1.23% |
LOCAL AGENCY FURTHER INFORMATION
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 |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
FINANCIAL RESULTS
AND OPERATIONS:
During the period under review, the Company has achieved revenue from
operations of Rs. 193.220 Millions (Previous year Rs. 249.490 Millions) and has
earned Net Profit of Rs. 2.380 Millions (Previous year Rs. 3.140 Millions),
after providing for Depreciation of Rs. 1.50 Millions (Previous year Rs. 1.460
Millions). Current Tax expense of Rs. 0.960 Million (Previous year Rs. 1.340
Millions) and Deferred Tax of Rs. 0.160 Million (Previous year Rs. 0.190
Million).
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans from relatives / Directors |
22.620 |
22.393 |
|
Total |
22.620 |
22.393 |
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U72501GJ2008PTC052579 |
|
Name of the
company |
S. KUMAR COMPUTERS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
1st Floor, Satyam Centre, Near Inquilab Society, Gulbai
Tekra, Ahmedabad - 380015, Gujarat, India |
|
This form is for |
Modification
of charge |
|
Charge identification
(ID) number of the charge to be modified |
10150806 |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Vijaya Bank, Ambavadi Branch, Ambavadi, Ahmedabad - 380009, Gujarat, India Email ID: ambavadi7302@vijayabank.co.in
|
|
Nature of
instrument creating charge |
Hypothecation
Agreement |
|
Date of
instrument Creating the charge |
10.06.2013 |
|
Amount secured by
the charge |
Rs. 28.000 Millions |
|
Brief of the
principal terms and conditions and extent and operation of the charge |
Rate of Interest BR(10.20) + 3.55
= 13.75% p.a. (floating) Terms of
Repayment As per Bank’s
sanction Margin As per Bank’s
sanction Extent and Operation
of the charge Charge Shall
Operate on the Assets as describe herein below at Column no. 15 which have
been hypothecated to Bank in order to secure its enhanced financial
assistance limit of Rs. 28.000 Millions, together with interest and all other
moneys payable by the Company to the Lender: (Rs, In Millions)
CC (Hypo.)
Limit : 20.000 BG / ILC : 8.000 -------------- Total Limit : 28.000 Others NIL |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
|
|
Particulars of
the present modification |
By virtue of
present modification, said charge is further extended for the following
limits (Rs. In Millions)
CC (Hypo.)
Limit : 20.000 BG / ILC : 8.000 -------------- Total Limit : 28.000 |
FIXED ASSETS
· Computer
· Furniture and Fixture
· Office Equipments
· Plant and Machinery
· Test Equipments
· Motor Car
· Scooter
· Electrification
· Air Conditioner
· Factory Building
· EPBX Systems
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. 62.44 |
|
|
1 |
Rs. 98.15 |
|
Euro |
1 |
Rs. 77.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.