MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
AUJAS NETWORKS PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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Not Divulged |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of offers data Security Management
Services including Application Security, IT Risk Management, Identity
Management and Vulnerability Management. |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
Dhanlakshmi Bank Limited, |
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Facilities : |
NOTE: Short Term
Borrowings: **The bill discounting facility from Dhanlakshmi Bank carries an
Interest @Base rate + 4% (15.25% for the year ended 31st March
2013). The facility is secured by way of hypothecation of the company’s
current assets including book debts/receivables and other current assets.
Personal guarantee has been given in respect to the facility by a director of
the company.
NOTE: Short Term
Borrowings: *Unsecured loan obtained from the director on 31st July
2012. The loan is Interest-free and is repayable on demand. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
BSR and Associates Chartered Accountants |
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Address : |
Maruthi Infotech Center, 11-12/1, Inner Ring Road, Koramangala,
Bangalore – 560 071, Karnataka, India |
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Tel. No.: |
91-80-39806000 |
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Fax No.: |
91-80-39806999 |
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PAN No.: |
AAIFB7355D |
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Investing Party in respect of which the company is an Associate : |
IDG Ventures India LLC |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 06.09.2012
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Names of Equity Shareholders |
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No. of Shares |
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Mahankali Srinivas Rao |
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8423307 |
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Manjula Sridhar |
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2834301 |
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Sammer Shlke |
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4783800 |
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IDG Ventures |
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2010 |
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Navin Kotan |
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2391900 |
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Aujas Founder’s Trust |
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2573403 |
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Total |
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21008721 |
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Names of Preference Shareholders |
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No. of Shares |
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Mahankali Srinivas Rao |
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14778 |
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IDG Ventures |
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443928 |
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Navin Kotan |
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250 |
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Sammer Shlke |
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250 |
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Total |
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459206 |
LIST OF ALLOTTEES:
AS ON 22.11.2013
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Names of Equity Shareholders |
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No. of Shares |
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IVY CAP Ventures Trust – Fund 1, India |
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500 |
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SME Tech Fund, India |
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500 |
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Total |
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1000 |
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Names of Preference Shareholders |
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No. of Shares |
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IDG Ventures India, LLC, Ebene |
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10125 |
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IVY CAP Ventures Trust – Fund 1, India |
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187497 |
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SME Tech Fund, India |
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187497 |
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Total |
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385119 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
21.467 |
21.453 |
21.342 |
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(b) Reserves & Surplus |
39.286 |
23.476 |
12.376 |
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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 |
13.588 |
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Total
Shareholders’ Funds (1) + (2) |
60.753 |
44.929 |
47.306 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
2.101 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
0.309 |
1.712 |
0.000 |
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Total Non-current Liabilities (3) |
0.309 |
1.712 |
2.101 |
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(4) Current Liabilities |
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(a) Short term borrowings |
4.753 |
0.000 |
0.555 |
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(b) Trade payables |
12.039 |
8.823 |
7.095 |
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(c) Other current
liabilities |
52.376 |
19.041 |
10.410 |
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(d) Short-term provisions |
0.529 |
1.281 |
0.101 |
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Total Current Liabilities (4) |
69.697 |
29.145 |
18.161 |
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TOTAL |
130.759 |
75.786 |
67.568 |
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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 |
2.097 |
2.386 |
3.054 |
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(ii) Intangible Assets |
0.277 |
0.294 |
0.415 |
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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 |
30.833 |
22.268 |
17.382 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current Assets |
33.207 |
24.948 |
20.851 |
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(2) Current assets |
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(a) Current investments |
0.000 |
3.935 |
0.000 |
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(b) Inventories |
0.000 |
0.000 |
0.000 |
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(c) Trade receivables |
67.031 |
23.790 |
20.588 |
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(d) Cash and cash equivalents |
9.049 |
3.632 |
7.325 |
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(e) Short-term loans and
advances |
6.363 |
3.684 |
18.804 |
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(f) Other current assets |
15.109 |
15.797 |
0.000 |
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Total Current Assets |
97.552 |
50.838 |
46.717 |
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TOTAL |
130.759 |
75.786 |
67.568 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
262.374 |
126.478 |
90.002 |
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Other Income |
0.430 |
0.528 |
0.698 |
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TOTAL (A) |
262.804 |
127.006 |
90.700 |
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Less |
EXPENSES |
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Administrative Expenses |
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Other Expenses |
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TOTAL (B) |
259.349 |
203.027 |
161.699 |
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Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.455 |
(76.021) |
(70.999) |
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Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.269 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
3.455 |
(76.021) |
(71.268) |
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Less |
DEPRECIATION/
AMORTISATION (F) |
1.935 |
1.850 |
2.032 |
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
1.520 |
(77.871) |
(73.300) |
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Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
1.520 |
(77.871) |
(73.300) |
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EARNINGS IN
FOREIGN CURRENCY |
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Rendering Security Management Services |
145.189 |
34.031 |
24.341 |
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TOTAL EARNINGS |
145.189 |
34.031 |
24.341 |
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Earnings Per
Share (Rs.) |
0.07 |
(3.71) |
(3.49) |
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COMPANY’S
PERFORMANCE:
The year consideration was satisfactory and witnessed robust growth in
revenues compared to previous year. The revenue of subject grew by 207% and
stands at Rs.262.374 Millions as compared to the previous year revenue of
Rs.126.478 Millions. During the year subject has witnessed significant
expansion of business from Middle East and us.
However subject has earned a modest profit of Rs.1.520 Millions against
a loss of Rs.77.871 Millions in the previous year. Subject is expecting good
future in the coming year.
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 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office : |
No. 595, 4th Floor, 15th Cross, 1st
Phase, Outer Ring Road, J P Nagar, Bangalore – 560 078, Karnataka, India |
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Tel. No.: |
91-80-26087878 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Regional Office : |
Haryana Suite No.4, U and I Corporate
Centre, Plot No.47, ECHELON, Sector-32, Gurgaon – 122 001, Haryana, India Middle East Executive Suite: Q1-1-081, P.O. Box No. 121421, Saif Zone, Sharjah,
UAE Mumbai 104, Meadows, Sahar Plaza, Andheri – Kurla Road, JB Nagar, Near
Kohinoor Hotel, Andheri (East), Mumbai – 400 059, Maharashtra, India Mumbai No.314-315, 3rd Floor, Corporate Avenue, Sonawala Road,
Near Udyog Bhavan, Goregaon (East), Mumbai – 400 063, Maharashtra, India |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.