MIRA INFORM REPORT
|
Report Date : |
23.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
DATAMINI TECHNOLOGIES ( |
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Formerly Known
As : |
GES TECHNOLOGIES LIMITED ROYAL INFORMATION TECHNOLOGIES LIMITED (w.e.f. 23.05.1993) ROYAL INFORMATION TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
Unit No. 101/104, SDF IV, SEEPZ, Andheri (East), Mumbai – 400 096, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.01.1991 |
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Com. Reg. No.: |
11-059702 |
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Capital
Investment / Paid-up Capital : |
Rs. 19.150 Millions |
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CIN No.: [Company Identification
No.] |
U30007MH1991PLC059702 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR08240B |
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PAN No.: [Permanent Account No.] |
AABCG3515E |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Computer Systems and Accessories and
Tablet PC. |
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No. of Employees
: |
82 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (44) |
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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 : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Mr. Deepak Varia, Accounts Manager has provided general information
and also provided financial statement for the year 2013 and 2014. As per available financials, overall financial position of the company
is sound and healthy. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered 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 PARTED BY
|
Name : |
Mr. Deepak Varia |
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Designation : |
Accounts Manger |
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Contact No.: |
91-22-40428888 |
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Date : |
20.12.2014 |
LOCATIONS
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Registered / Head Office : |
Unit No. 101/104, SDF IV, SEEPZ, Andheri (East), Mumbai – 400 096, |
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Tel. No.: |
91-22-28290296 / 28324697 / 40428888 |
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Fax No.: |
91-22-28290145 / 28213296 |
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E-Mail : |
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Website : |
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Area : |
3500 Sq. Ft |
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Location : |
Rented |
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Factory : |
Unit No. 2, Amita Complex, Opposite Laxman Weigh Bridge, Dapoda Road,
Val Village, Anjur Phata, Taluka Bhiwandi, District Thane, Maharashtra, India |
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Service Centre : |
C-117, Ansa Industrial Estate, |
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Tel. No.: |
91-22-32568511/ 28473782/ 28476071/ 40053782 |
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E-Mail : |
gesservice@datamini.co.in
(Customer Support) |
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Warehouse : |
Unit No. 1, Ground Floor, Amita Complex, Opposite Laxman Weigh Bridge,
Dapoda Road, Val Village, Anjur Phata, Taluka Bhiwandi, District Thane,
Maharashtra, India |
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E-Mail : |
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Branch Office : |
253-58,1st Floor,Sajjan Rao Circle
.Chakravarthy Complex V. V. Puram, Banglore
– 560 004, Karnataka India Tel No.: 91-80-41554358 Email : gesbang@datamini.co.in
3D, 3rd Floor, Anurag Apartments, 125
Rahasbihary Avenue, Kolkata –
700029, West Bengal, India Email : pratik@datamini.co.in
376,3rd Floor, Chenoy Trade
Centre
Park Lane, Secunderabad – 500003 Tel No.: 91-40-27840567 Email : geshyd@datamini.co.in
23, CSC, E- Block , East of Kailash , New Delhi -110065, India Tel No.: 91-11-30823410 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Kunal Pitamber Ahuja |
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Designation : |
Director |
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Address : |
502, Gabbana House, 15th Road, Khar (West), Mumbai –
400062, Maharashtra, India |
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Date of Birth/Age : |
21.05.1987 |
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Date of Appointment : |
16.01.2006 |
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DIN No.: |
00007073 |
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Name : |
Mr. Pitamber Gopaldas Ahuja |
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Designation : |
Director |
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Address : |
Flat No.14, Navbahar Building, Plot No.464, S.S. VIII, 15th road, Khar
(West), Mumbai – 400062, Maharashtra, India |
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Date of Birth/Age : |
24.06.1954 |
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Date of Appointment : |
19.07.1991 |
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DIN No.: |
00012549 |
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Name : |
Mr. Naresh Ramlabhaya Kapoor |
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Designation : |
Director |
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Address : |
# 45-07, International Plaza, 10, Anson Road, Singapore – 079903,
Singapore |
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Date of Birth/Age : |
15.08.1947 |
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Date of Appointment : |
22.04.1993 |
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DIN No.: |
00046554 |
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Name : |
Mrs. Prerna Naresh Kapoor |
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Designation : |
Director |
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Address : |
# 45-07, International Plaza, 10, Anson Road, Singapore – 079903,
Singapore |
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Date of Birth/Age : |
25.02.1982 |
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Date of Appointment : |
10.01.2006 |
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DIN No.: |
00047262 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak Varia |
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Designation : |
Accounts Manger |
MAJOR SHAREHOLDERS
As on 30.09.2013
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Names of Shareholders |
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No. of Shares |
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Ahuja Gopaldas Pitamber HUF |
|
12500 |
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Ahuja Pitamber Krati |
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195521 |
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Ahuja Pitamber Kunal |
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25000 |
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Ahuja Pitamber Kunal |
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120000 |
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Ahuja Pitamber Kunal |
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154521 |
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Ahuja Gopaldas Pitamber |
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282200 |
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Ahuja Gopaldas Pitamber |
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50350 |
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Ahuja Pitamber Nikita |
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103300 |
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Ahuja Pitamber Nikita |
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28500 |
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Valona Technologies Pte Limited, Singapore |
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150000 |
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Valona Technologies Pte Limited, Singapore |
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133200 |
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Valona Technologies Pte Limited, Singapore |
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334885 |
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Asha Kapoor |
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325043 |
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Total |
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1915020 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
32.28 |
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Directors or relatives of Directors |
67.72 |
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Total |
100.00 |
%20LIMITED%20-%20299886_MIRA%2023-Dec-2014_files/image012.gif)
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Computer Systems and Accessories and
Tablet PC. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
82 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
V.C. Shah and Company Chartered Accountants |
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Address : |
3rd Floor, Rajgir Chambers, 12/ 14, Sahid Bhagat Singh
Road, Opposite Old Custom House, Mumbai – 400 001, Maharashtra, India |
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Tel. No.: |
91-22-22634021 |
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Fax No.: |
91-22-22662667 |
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PAN No.: |
AADFV8088N |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates/Subsidiaries : |
Not Divulged |
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CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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3.500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1915020 |
Equity Shares |
Rs.10/- each |
Rs. 19.150 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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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 |
19.150 |
19.150 |
19.150 |
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(b) Reserves &
Surplus |
88.659 |
86.843 |
84.205 |
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(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) |
107.809 |
105.993 |
103.355 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
0.690 |
1.034 |
1.343 |
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(b) Deferred tax
liabilities (Net) |
3.145 |
3.117 |
3.497 |
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(c) Other long term
liabilities |
0.120 |
0.120 |
0.000 |
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(d) long-term provisions |
1.512 |
1.483 |
1.272 |
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Total Non-current
Liabilities (3) |
5.467 |
5.754 |
6.112 |
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(4) Current Liabilities |
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(a) Short term borrowings |
30.496 |
62.612 |
13.378 |
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(b) Trade payables |
178.637 |
495.297 |
109.860 |
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(c) Other current
liabilities |
3.294 |
2.849 |
1.856 |
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(d) Short-term provisions |
1.073 |
2.596 |
2.432 |
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Total Current Liabilities
(4) |
213.500 |
563.354 |
127.526 |
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TOTAL |
326.776 |
675.101 |
236.993 |
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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 |
22.801 |
18.256 |
21.351 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
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(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 |
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(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
0.297 |
0.432 |
0.078 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current Assets |
23.098 |
18.688 |
21.429 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
17.379 |
22.387 |
21.707 |
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(c) Trade receivables |
241.271 |
592.794 |
133.888 |
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(d) Cash and cash
equivalents |
28.414 |
30.433 |
21.238 |
|
(e) Short-term loans and
advances |
3.051 |
2.387 |
2.435 |
|
(f) Other current assets |
13.563 |
8.412 |
36.296 |
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Total Current Assets |
303.678 |
656.413 |
215.564 |
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TOTAL |
326.776 |
675.101 |
236.993 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
1019.958 |
1335.059 |
1226.170 |
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Other Income |
3.166 |
4.108 |
2.786 |
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TOTAL (A) |
1023.124 |
1339.167 |
1228.956 |
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Less |
EXPENSES |
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Cost of Materials
Consumed |
7.824 |
76.321 |
17.622 |
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Purchases of
Stock-in-Trade |
967.149 |
1213.344 |
1174.238 |
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Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.286 |
(5.792) |
0.455 |
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Employees benefits
expense |
15.444 |
15.159 |
14.658 |
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Other expenses |
14.711 |
21.069 |
12.724 |
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Extraordinary Items |
1.355 |
1.354 |
1.354 |
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TOTAL (B) |
1007.769 |
1321.455 |
1221.051 |
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Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
15.355 |
17.712 |
7.905 |
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Less |
FINANCIAL EXPENSES (D) |
8.424 |
9.693 |
1.001 |
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PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
6.931 |
8.019 |
6.904 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.388 |
3.161 |
2.878 |
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PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
3.543 |
4.858 |
4.026 |
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Less |
TAX (H) |
1.727 |
2.220 |
1.546 |
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PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
1.816 |
2.638 |
2.480 |
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Earnings / (Loss) Per
Share (Rs.) |
0.95 |
1.38 |
1.30 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
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Net Profit Margin PAT / Sales |
(%) |
0.18 |
0.20 |
0.20 |
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Operating Profit Margin (PBDIT/Sales) |
(%) |
1.51 |
1.33 |
0.64 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.08 |
0.72 |
1.70 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.05 |
0.04 |
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Debt Equity Ratio (Total Debt /Networth) |
|
0.29 |
0.60 |
0.14 |
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Current Ratio (Current Asset/Current Liability) |
|
1.42 |
1.17 |
1.69 |
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 |
19.150 |
19.150 |
19.150 |
|
Reserves & Surplus |
84.205 |
86.843 |
88.659 |
|
Net worth |
103.355 |
105.993 |
107.809 |
|
|
|
|
|
|
long-term borrowings |
1.343 |
1.034 |
0.690 |
|
Short term borrowings |
13.378 |
62.612 |
30.496 |
|
Total borrowings |
14.721 |
63.646 |
31.186 |
|
Debt/Equity ratio |
0.142 |
0.600 |
0.289 |
%20LIMITED%20-%20299886_MIRA%2023-Dec-2014_files/image013.gif)
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 |
1226.170 |
1335.059 |
1019.958 |
|
|
|
8.880 |
(23.602) |
%20LIMITED%20-%20299886_MIRA%2023-Dec-2014_files/image014.gif)
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 |
1226.170 |
1335.059 |
1019.958 |
|
Profit |
2.480 |
2.638 |
1.816 |
|
|
0.20% |
0.20% |
0.18% |
%20LIMITED%20-%20299886_MIRA%2023-Dec-2014_files/image015.gif)
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 |
Yes |
|
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 |
No |
|
19] |
Payments
terms |
Yes |
|
20] |
Export
/ Import details (if applicable) |
Yes |
|
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 |
VIEW INDEX OF
CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10359562 |
17/02/2014 * |
65,000,000.00 |
CENTRAL BANK OF INDIA |
SEEPZ , M.I.D.C.
Marol, Andheri (East), Mumbai, |
B98905748 |
|
2 |
80003499 |
18/03/2006 * |
10,500,000.00 |
CENTRAL BANK OF INDIA |
SEEPZ BRANCH, MAROL, ANDHERI (EAST), MUMBAI, Maharashtra - 400096, INDIA |
A01004365 |
|
3 |
80003501 |
18/03/2006 * |
10,000,000.00 |
CENTRAL BANK OF INDIA |
SEEPZ BRANCH, MAROL, ANDHERI (EAST), MUMBAI, Maharashtra - 400096, INDIA |
- |
* Date of charge modification
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. 63.18 |
|
|
1 |
Rs. 98.85 |
|
Euro |
1 |
Rs. 77.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
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 |
4 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.