MIRA INFORM REPORT

 

 

Report Date :

08.01.2014

 

IDENTIFICATION DETAILS

 

Name :

KRISHNI INFOTECH SOLUTIONS PRIVATE LIMITED

 

 

Registered Office :

Plot No.35, Khasra No.45, Ground Floor, Block-D, Landmark Near Amit Stationary, Swami Shardha Nand, Delhi-110033

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

27.02.2013

 

 

Com. Reg. No.:

55-248774

 

 

Capital Investment / Paid-up Capital :

Rs. 0.100 Million

 

 

CIN No.:

[Company Identification No.]

U72900DL2013PTC248774

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader of computer and computer peripherals of multi brands

 

 

No. of Employees :

6 (Approximately)

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

-

NB

                                       New Business

-

 

 

Maximum Credit Limit :

USD 364

 

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a new company incorporated on 27.02.2013 and it is establishing itself gradually.

 

Mr. Suresh Kumar, Director provided general information and also informed that company has started its business activity from April 2013.

 

Trade relations are improving. Business is active. Payment terms are unknown.

 

The company can be considered for business dealing on a safe and secured trade terms and conditions. 

 

Note: Profit and loss account is not available.

 

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, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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

 

India’s current account deficit narrowed in the quarter ended September as government measures to curb imports, especially gold, kicked in.  The current account deficit, the excess of a country’s imports of goods and services over exports, narrowed to $ 5.2 billion from $ 21 billion in the year ago period, according to provisional Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and the latest data suggests the government may achieve the target.

 

India was ranked 94th among the world’s most corrupt nations list. Denmark and New Zealand topped as the cleanest while Somalia emerged as the most corrupt.

 

India’s services sector activity witnessed a moderate improvement in November over the previous month, even while indicating the fifth successive monthly contraction, according the HSBC survey.

 

$53 million estimated losses suffered by India due to phishing attacks during the third quarter, according to a study by RSA. India ranks fourth in the list of nations hit by phishing attacks. The US remained at the top of the charts. Phishing is the process of acquiring information such as user names, passwords and credit card details by sending e-mails disguised as official mails.

 

Rs.4080 million worth of mobile-phone-based transactions by July 2013 compared to Rs.260 million in September, 2012, according to Deloitte report. The number of transactions has shot up from 94000 to 701000.

 

India aims to earn Rs.400000 million from the bandwidth auction set for January. The merger and acquisition guidelines, cleared by a group of ministers, will be out before the auction begins so that players can make informed decisions on the auctions.

 

 

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 31-03-2012.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Suresh Kumar

Designation :

Director

Contact No.:

91-9958880567

Date :

07.01.2014

 

 

LOCATIONS

 

Registered Office :

Plot No.35, Khasra No.45, Ground Floor, Block-D, Landmark Near Amit Stationary, Swami Shardha Nand, Delhi-110033, India

Tel. No.:

Not Available

Mobile No.:

91-9958880567 (Mr. Suresh Kumar)

Fax No.:

Not Available

E-Mail :

gauravkansal1190@gmail.com

Area :

3000 Sq. Ft.

Location :

Rented

 

 

Warehouse :

B-14, New Ashok Nagar, Delhi-110096, India

 

 

DIRECTORS

 

Name :

Mr. Suresh Kumar

Designation :

Director

Address :

Arya Nagar, Murad Nagar-201206, Uttar Pradesh, India 

Date of Birth/Age :

01.02.1977

Date of Appointment :

27.02.2013

Date of Cessation :

12.08.2013

DIN No.:

06461532

 

Other Directorship:

 

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U72200DL2012PTC231262

KAMPAN LINKSYS PRIVATE LIMITED

Director

27/12/2012

27/12/2012

-

Active

NO

2

U72900DL2013PTC248774

KRISHNI INFOTECH SOLUTIONS PRIVATE LIMITED

Director

27/02/2013

27/02/2013

12/08/2013

Active

NO

3

U72900DL1994PTC061161

SARTHAK COMPUTERS PRIVATE LIMITED

Additional director

15/07/2013

15/07/2013

-

Active

NO

4

U72900DL2013PTC247380

JAIN IT SOLUTIONS PRIVATE LIMITED

Additional director

08/08/2013

08/08/2013

-

Active

NO

5

U72900DL2013PTC258224

TOPWELL INFOTECH PRIVATE LIMITED

Director

20/09/2013

20/09/2013

-

Active

NO

6

U72900DL2013PTC257241

SRISHTI SYSTEM TECHNOLOGIES PRIVATE LIMITED

Additional director

04/11/2013

04/11/2013

-

Active

NO

 

Name :

Mr. Ankur Kansal

Designation :

Director

Address :

H No. S F 180, Shastrinagar Block F, Ghaziabad-201002, Uttar Pradesh, India

Date of Birth/Age :

05.07.1986

Date of Appointment :

27.02.2013

DIN No.:

05182510

 

Other Directorship:

 

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U72200DL2012PTC231262

KAMPAN LINKSYS PRIVATE LIMITED

Director

09/02/2012

09/02/2012

27/12/2012

Active

NO

2

U72900DL2013PTC248774

KRISHNI INFOTECH SOLUTIONS PRIVATE LIMITED

Director

27/02/2013

27/02/2013

-

Active

NO

3

U72900DL2013PTC258224

TOPWELL INFOTECH PRIVATE LIMITED

Director

20/09/2013

20/09/2013

-

Active

NO

 

 

Name :

Mr. Saurabh Gupta

Designation :

Director

Address :

38, Model Basti, Karol Bagh, New Delhi-110005, India

Date of Birth/Age :

30.01.1984

Date of Appointment :

12.08.2013

DIN No.:

03054266

 

Other Directorship:

 

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U72901DL2006PLC148397

P-NET SOLUTIONS LIMITED

Director

30/09/2011

01/06/2011

18/09/2013

Active

NO

2

U72200DL2012PTC246774

SERVENET LINKS PRIVATE LIMITED

Director

27/12/2012

27/12/2012

-

Active

NO

3

U72900DL2013PTC248774

KRISHNI INFOTECH SOLUTIONS PRIVATE LIMITED

Director

12/08/2013

12/08/2013

-

Active

NO

4

U74899DL1985PTC021021

AMICI ELECTRONICA PRIVATE LIMITED.

Additional director

18/09/2013

18/09/2013

-

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 14.01.2013

 

Names of Shareholders

No. of Shares

Ankur Kansal

500

Suresh Kumar

9500

TOTAL

10000

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of computer and computer peripherals of multi brands

 

 

Terms :

 

Selling :

Cash, Credit (30 Days / 60 Days)

 

 

Purchasing :

Cash, Credit (30 Days / 60 Days)

 

 

GENERAL INFORMATION

 

Suppliers :

·         ECS Infotech Limited, Ahmedabad

·         New Tech Industries Limited

 

 

Customers :

Wholesalers

 

·         Vayam Technologies Limited

 

 

No. of Employees :

6 (Approximately)

 

 

Bankers :

·         Axis Bank Limited, Delhi

Mobile No.: 91-8447737392 (Mr. Sailesh Bansal) 

 

 

Bankers Report :

Mr. Sailesh Bansal denied to give any information on phone

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Gaurav Kansal

Chartered Accountant

Address :

SF 180, Shastri Nagar, Ghaziabad-201002, Uttar Pradesh, India

Mobile No.:

91-8595139100

E-Mail :

gauravkansall190@gmail.com

PAN No.:

AZSPK9031C

 

 

CAPITAL STRUCTURE

 

AS ON 18.09.2013

 

Authorised Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/- each

Rs. 0.100 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/- each

Rs. 0.100 Million

 

 

 

 

 

 

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

 

31.03.2013

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

 

0.100

(b) Reserves & Surplus

 

 

(0.009)

(c) Money received against share warrants

 

 

0.000

 

 

 

 

(2) Share Application money pending allotment

 

 

0.000

Total Shareholders’ Funds (1) + (2)

 

 

0.091

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

 

0.000

(b) Deferred tax liabilities (Net)

 

 

0.000

(c) Other long term liabilities

 

 

0.000

(d) long-term provisions

 

 

0.000

Total Non-current Liabilities (3)

 

 

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

 

0.000

(b) Trade payables

 

 

0.000

(c) Other current liabilities

 

 

0.000

(d) Short-term provisions

 

 

0.012

Total Current Liabilities (4)

 

 

0.012

 

 

 

 

TOTAL

 

 

0.103

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

 

0.000

(ii) Intangible Assets

 

 

0.000

(iii) Capital work-in-progress

 

 

0.000

(iv) Intangible assets under development

 

 

0.000

(b) Non-current Investments

 

 

0.000

(c) Deferred tax assets (net)

 

 

0.005

(d)  Long-term Loan and Advances

 

 

0.000

(e) Other Non-current assets

 

 

0.000

Total Non-Current Assets

 

 

0.005

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

 

0.000

(b) Inventories

 

 

0.000

(c) Trade receivables

 

 

0.000

(d) Cash and cash equivalents

 

 

0.098

(e) Short-term loans and advances

 

 

0.000

(f) Other current assets

 

 

0.000

Total Current Assets

 

 

0.098

 

 

 

 

TOTAL

 

 

0.103

 

 

Expected Sales (2013-2014) : Rs.800.000 Millions

 

The above information has been parted by Mr. Suresh Kumar.

 

 

KEY RATIOS

 

PARTICULARS

 

 

 

 

31.03.2013

Debt Equity Ratio

(Total Debt /Networth)

 

 

 

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

 

 

8.17

 

 

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

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

No

12]

Profitability for last three years

No

13]

Reasons for variation <> 20%

-----

14]

Estimation for coming financial year

Yes

15]

Capital in the business

Yes

16]

Details of sister concerns

No

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

No

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

 

 

TRADE REFERENCES

 

·         ECS Infotech Limited, Ahmedabad

·         New Tech Industries Limited

·         Vayam Technologies Limited

 

 


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. 62.37

UK Pound

1

Rs. 102.24

Euro

1

Rs. 84.97

 

 

INFORMATION DETAILS

 

Information Gathered by :

HNA

 

 

Report Prepared by :

DPT


 

 

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.