MIRA
INFORM REPORT
|
Report Date : |
16.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SILVER TOUCH TECHNOLOGIES LIMITED |
|
|
|
|
Formerly Known
As : |
SILVER TOUCH COMPUTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, Saffron, Near |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.02.1995 |
|
|
|
|
Com. Reg. No.: |
04-024465 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.55.950
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200GJ1995PLC024465 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS6474P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading and Exporter of Computer Parts and Software Development. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
The economy grew 4.7 %in 2013/14, marking a second
straight year of sub-5 % growth – the worst slowdown in more than a quarter of
a century. The data was below an official estimate of 4.9 % annual growth and
compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST Global
which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating=BBB- |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
25.06.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A3 |
|
Rating Explanation |
Moderate degree of safety. It carry higher
credit risk. |
|
Date |
25.06.2014 |
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. Paulin Shah |
|
Designation : |
Accountant |
|
Contact No.: |
91-79-26563158 |
|
Date : |
14.07.2014 |
LOCATIONS
|
Registered / Head Office : |
2nd Floor, Saffron, Near Panchwati
Circle, Ambawadi, Ahmedabad
- 380006, Gujarat, India |
|
Tel. No.: |
91-79-26563158/ 26408802/ 40022774/ 5 |
|
Fax No.: |
91-79-26561624 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Regional Offices : |
Located at: ·
Delhi ·
Ahmedabad ·
Gandhinagar ·
Rajkot ·
Baroda |
|
|
|
|
International Offices : |
Located at: ·
North America ·
United Kingdom ·
Australia ·
France ·
Sweden |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Vipul Haridas Thakkar |
|
Designation : |
Managing director |
|
Address : |
19, Netra Bunglow,
Near Seema Saurabh
Society, Near Memnagar Fire Station, Memnagar, Ahmedabad - 380052,
Gujarat, India |
|
Date of Birth/Age : |
21.09.1970 |
|
Qualification : |
B.E., MBA |
|
Date of Appointment : |
02.02.1995 |
|
PAN No.: |
ABVPT8027A |
|
DIN No.: |
00169558 |
|
|
|
|
Name : |
Mr. Jignesh Amritlal
Patel |
|
Designation : |
Whole-time director |
|
Address : |
5, Sadhana Colony, Stadium Road, Ahmedbad - 380009, Gujarat, India |
|
Date of Birth/Age : |
15.05.1971 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
02.02.1995 |
|
PAN No.: |
ABXPP2283Q |
|
DIN No.: |
00170562 |
|
|
|
|
Name : |
Mrs. Palak Vinubhai
Shah |
|
Designation : |
Whole-time director |
|
Address : |
29/1, Girdhar Nagar
Society, Shahibaug, Ahmedabad
- 380004, Gujarat, India |
|
Date of Birth/Age : |
20.12.1970 |
|
Qualification : |
B.E. (Computer) |
|
Date of Appointment : |
06.10.2006 |
|
PAN No.: |
AFXPS5699R |
|
DIN No.: |
00306082 |
|
|
|
|
Name : |
Mr. Minesh Vinodchandra
Doshi |
|
Designation : |
Whole-time director |
|
Address : |
205, Kahan Kutir,
Opposite Jain Temple Liberty, Navrangpura, Ahmedabad - 380009, Gujarat, India |
|
Date of Birth/Age : |
23.11.1970 |
|
Qualification : |
B.E. (Computer) |
|
Date of Appointment : |
06.10.2006 |
|
PAN No.: |
AEHPD1881M |
|
DIN No.: |
00306106 |
|
|
|
|
Name : |
Mr. Himanshu Jain |
|
Designation : |
Whole-time director |
|
Address : |
32, Sukhdev Vihar,
New Delhi - 110025, India |
|
Date of Birth/Age : |
05.01.1969 |
|
Qualification : |
Diploma (Eng.) |
|
Date of Appointment : |
19.07.2010 |
|
PAN No.: |
AALPJ3069K |
|
DIN No.: |
00454477 |
|
|
|
|
Name : |
Mr. Ronak Sudhirbhai
Shah |
|
Designation : |
Director |
|
Address : |
B/3, Dipkuinj Flats, Opposite Purnanad Ashram, Navjivan Post,
Ahmedabad-380014, Gujarat, India |
|
Date of Birth/Age : |
05.10.1973 |
|
Qualification : |
ACS |
|
Date of Appointment : |
01.10.2008 |
|
DIN No.: |
02292044 |
|
|
|
|
Name : |
Mr. Harivadan Prabhashankar
Thakar |
|
Designation : |
Director |
|
Address : |
10, Vijayvihar Co-operative Housing Society
Limited, St. Xavier Road, Navrangpura,
Ahmedabad-380009, Gujarat, India |
|
Date of Birth/Age : |
25.05.1952 |
|
Qualification : |
B.Com., LLB |
|
Date of Appointment : |
01.10.2008 |
|
DIN No.: |
02466067 |
KEY EXECUTIVES
|
Name : |
Mr. Gautambhai Kalubhai
Virhadiya |
|
Designation : |
Secretary |
|
Address : |
10, Vinayak Park Society, Behind Ambika Nagar, Near Vahera Viratnagar, Manmohan Road, Odhav, Ahmedabad – 382415, Gujarat, India |
|
Date of Appointment : |
25.02.2013 |
|
PAN No.: |
AIEPV3925D |
|
|
|
|
Name : |
Mr. Paulin Shah |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Vipul Haridas Thakkar |
1818755 |
|
Jignesh Amrutlal Patel |
1801855 |
|
Kajal Vipul Thakkar |
245100 |
|
Jolly Jignesh Patel |
262000 |
|
Haridas Karshandas Thakkar |
700 |
|
Amrutlal Kalidas Patel |
350 |
|
Manjulaben Amrutlal Patel |
350 |
|
Minesh Vinodchandra Doshi |
963290 |
|
Palak Vinukant Shah |
392600 |
|
Varsha Minesh Doshi |
55000 |
|
Zankhana Palak Shah |
55000 |
|
|
|
|
Total |
5595000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading and Exporter of Computer Parts and Software Development. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Products/ Services : |
|
||||||||||||||||
|
|
|
||||||||||||||||
|
Exports : |
|
||||||||||||||||
|
Products : |
·
Computer Parts ·
Software Development |
||||||||||||||||
|
Countries : |
·
UK ·
US ·
France ·
Australia |
||||||||||||||||
|
|
|
||||||||||||||||
|
Terms : |
|
||||||||||||||||
|
Selling : |
L/C, Cash and Credit |
||||||||||||||||
|
|
|
||||||||||||||||
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers, End Users |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
1000 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Bank
of India, Ellisbridge Branch, Opposite Town Hall, Ellisbridge, Ahmedabad –
380006, Gujarat, India ·
ICICI Bank
Limited, JMC House, Near Parimal Garden, Ahmedabad – 380006, Gujarat, India ·
ICICI
Bank Limited, Landmark race Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India ·
Andhra
Bank, # 4-5-110-23, P. B. No.518, Sultan Bazar,
Hyderabad – 500195, Andhra Pradesh, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ambalal Patel and Company Chartered Accountants |
|
Address : |
1st Floor, Sapphire Business Center, Above SBI Vadaj Branch, Usmanpura, Ashram
Road, Ahmedabad – 380013, Gujarat, India |
|
PAN No.: |
AABFA3490K |
|
|
|
|
Subsidiary
company : |
Silver Touch Technologies (UK) Limited, UNITED KINGDOM |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
· Silvertouch Infotech Limited, United States ·
Semaphore Infotech
Private Limited, India ·
Silvertouch Technologies
INC, United States |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5595000 |
Equity Shares |
Rs.10/- each |
Rs.55.950 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
55.950 |
55.950 |
55.950 |
|
(b) Reserves & Surplus |
226.576 |
184.415 |
155.962 |
|
(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) |
282.526 |
240.365 |
211.912 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
36.526 |
13.788 |
3.259 |
|
(b) Deferred tax liabilities (Net) |
10.799 |
7.739 |
8.146 |
|
(c) Other long term liabilities |
0.000 |
3.735 |
0.750 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
47.325 |
25.262 |
12.155 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
37.270 |
34.313 |
38.050 |
|
(b) Trade payables |
92.570 |
94.653 |
104.152 |
|
(c) Other current
liabilities |
45.388 |
32.947 |
28.175 |
|
(d) Short-term provisions |
39.927 |
23.915 |
17.059 |
|
Total Current Liabilities (4) |
215.155 |
185.828 |
187.436 |
|
|
|
|
|
|
TOTAL |
545.006 |
451.455 |
411.503 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
141.899 |
105.017 |
95.868 |
|
(ii) Intangible Assets |
3.270 |
3.886 |
4.108 |
|
(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 |
0.114 |
0.086 |
0.086 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
26.170 |
21.730 |
11.755 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
171.453 |
130.719 |
111.817 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
34.589 |
16.466 |
14.710 |
|
(c) Trade receivables |
197.842 |
222.740 |
230.345 |
|
(d) Cash and cash
equivalents |
48.242 |
21.209 |
10.189 |
|
(e) Short-term loans and
advances |
92.880 |
60.321 |
44.287 |
|
(f) Other current assets |
0.000 |
0.000 |
0.155 |
|
Total Current Assets |
373.553 |
320.736 |
299.686 |
|
|
|
|
|
|
TOTAL |
545.006 |
451.455 |
411.503 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
801.004 |
664.843 |
621.117 |
|
|
|
Other Income |
7.171 |
2.801 |
1.844 |
|
|
|
TOTAL (A) |
808.175 |
667.644 |
622.961 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
444.183 |
396.763 |
379.542 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
(18.122) |
(1.756) |
0.783 |
|
|
|
Employee benefit expense |
177.378 |
149.626 |
128.146 |
|
|
|
Other expenses |
108.660 |
58.104 |
54.014 |
|
|
|
TOTAL (B) |
712.099 |
602.737 |
562.485 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
96.076 |
64.907 |
60.476 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.130 |
8.218 |
8.882 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
87.946 |
56.689 |
51.594 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19.646 |
13.806 |
11.524 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
68.300 |
42.883 |
40.070 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
22.160 |
10.455 |
(8.174) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
46.140 |
32.428 |
48.244 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Earnings on professional and consultation fees |
167.339 |
147.662 |
126.726 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.25 |
5.80 |
8.62 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
1080.000 |
The above information has been parted by Mr. Paulin
Shah (Accountant)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.71 |
4.86 |
7.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.53 |
6.45 |
6.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.53 |
9.50 |
9.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.18 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.26 |
0.20 |
0.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74 |
1.73 |
1.60 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Share Capital |
55.950 |
55.950 |
55.950 |
|
Reserves & Surplus |
155.962 |
184.415 |
226.576 |
|
Net
worth |
211.912 |
240.365 |
282.526 |
|
|
|
|
|
|
long-term borrowings |
3.259 |
13.788 |
36.526 |
|
Short term borrowings |
38.050 |
34.313 |
37.270 |
|
Total
borrowings |
41.309 |
48.101 |
73.796 |
|
Debt/Equity
ratio |
0.195 |
0.200 |
0.261 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Sales |
621.117 |
664.843 |
801.004 |
|
|
|
7.040 |
20.480 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Sales
|
621.117 |
664.843 |
801.004 |
|
Profit |
48.244 |
32.428 |
46.140 |
|
|
7.77% |
4.88% |
5.76% |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
Note:
The Registered office has been shifted from 109, Shreeji
Complex, Near Cargomotors C G Road, Ahmedabad-380009,
Gujarat, India to the present address w.e.f.
01.11.2007
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs.
In Millions |
31.03.2012 Rs.
In Millions |
|
Long Term Borrowings |
|
|
|
Deposits from
others |
23.257 |
0.000 |
|
Loans and
Advances from Directors |
10.341 |
13.788 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Working capital
loans from banks |
0.189 |
0.000 |
|
|
|
|
|
Total |
33.787 |
13.788 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10507736 |
03/07/2014 |
4,348,990.00 |
CISCO
SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
2ND
FLOOR, BRIGADE SOUTH PARADE, 10, M.G. ROAD, BANGALORE, KARNATAKA - 560001,
INDIA |
C10316602 |
|
2 |
10493297 |
19/05/2014 |
7,069,999.00 |
CISCO
SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
2ND FLOOR,
BRIGADE SOUTH PARADE, 10, M.G. ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
C04234043 |
|
3 |
10403512 |
18/01/2013 |
198,000.00 |
BANK
OF INDIA |
ELLISBRIDGE
BRANCH, OPP TOWN HALL ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B68323187 |
|
4 |
10396682 |
28/12/2012 |
735,000.00 |
BANK
OF INDIA |
ELLISBRIDGE
BRANCH, OPP TOWN HALL ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B65782294 |
|
5 |
10244035 |
14/12/2011
* |
20,500,000.00 |
ICICI
BANK LIMITED |
J M C
HOUSE BRANCH, AHMEDABAD, GUJARAT - 380006, INDIA |
B31536253 |
|
6 |
10244039 |
28/09/2010 |
5,000,000.00 |
ICICI
BANK LIMITED |
JMC
HOUSE, NR. PARIMAL GARDEN, AHMEDABAD, GUJARAT - 380006, INDIA |
A95641957 |
|
7 |
10244038 |
28/09/2010 |
30,000,000.00 |
ICICI
BANK LIMITED |
JMC
HOUSE, NR. PARIMAL GARDEN, AHMEDABAD, GUJARAT - 380006, INDIA |
A95638847 |
|
8 |
10041956 |
25/09/2013
* |
250,000,000.00 |
BANK
OF INDIA |
ELLISBRIDGE
BRANCH, OPP TOWN HALL, ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B86221058 |
|
9 |
10041957 |
25/09/2013
* |
250,000,000.00 |
BANK
OF INDIA |
ELLISBRIDGE
BRANCH, OPP TOWN HALL, ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B86220852 |
*Date of modification Charges
FIXED ASSETS:
· Buildings
· Office building
· Other building
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Computer software
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 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] 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.60.22 |
|
|
1 |
Rs.102.79 |
|
Euro |
1 |
Rs.81.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial condition
(40%) Ownership background
(20%) Payment record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.