MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

GALAXY OFFICE AUTOMATION PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMG05243A

 

 

PAN No.:

[Permanent Account No.]

AABCG4672N

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

228 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Dealer and Distributor of Computer Peripherals.

 

 

Agencies Held :

IBM

 

 

GENERAL INFORMATION

 

No. of Employees :

228 (Approximately)

 

 

Bankers :

·         HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

Tel No.: 91-22-66521308

 

·         Bank of Maharashtra, T.H. Kataria Branch, Mahim, Mumbai - 400016, Maharashtra, India

 

·         Kotak Mahindra Bank, Fort, Mumbai, Maharashtra, India

 

·         Axis Bank Limited, Andheri (East), Mumbai, Maharashtra, India

 

 

Facilities :

Bank Guarantee / Cash Credit : Rs. 60.000 Millions

 

Secured Loan

31.03.2013

[Rs. in Millions]

31.03.2012

[Rs. in Millions]

Long Term Borrowings

 

 

Loans taken for vehicle

1.355

0.000

 

 

 

Short Term Borrowings

 

 

Working capital loans from banks

30.385

18.572

TOTAL

31.740

18.572

 

 

 

Unsecured Loan

31.03.2013

[Rs. in Millions]

31.03.2012

[Rs. in Millions]

Short Term Borrowings

 

 

Loans and advances from related parties

5.650

4.292

TOTAL

5.650

4.292

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Shah and Taparia

Chartered Accountants

Address :

12, Navjeevan Wadi, Dhobi Talao, Mumbai – 400002, Maharashtra, India

Tel. No.:

91-22-40220301/ 02/ 03

Fax No.:

91-22-40220301/ 02/ 03

E-Mail :

info@shahtaparia.com

Income-tax PAN of auditor or auditor's firm :

AAOFS0663D

 

 

Other Related Parties :

·         Mumbai Institute of Computer Academics

·         Blue Zone Systems Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

 

No. of Shares

% of Holding

Anoop Premanand Pai Dhungat

41250

68.75

Anoop Premanand Pai Dhungat HUF

12000

20.00

Premanand Bhikhu Pai Dhungat

3000

5.00

Sanjay Kailashchandra Patodia

1800

3.00

Sonu Anoop Pai Dhungat

375

0.63

Padmini Premanand Pai Dhungat

375

0.63

Meena S. Patodia

600

1.00

Ajay K. Patodia

600

1.00

TOTAL

60000

100.00

 

 

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

6.000

5.975

5.975

(b) Reserves & Surplus

66.587

52.376

42.023

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.0000

0.000

Total Shareholders’ Funds (1) + (2)

72.587

58.351

47.998

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

1.355

0.000

0.182

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(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)

1.355

0.000

0.182

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

36.035

22.864

15.577

(b) Trade payables

87.943

69.484

64.990

(c) Other current liabilities

14.284

13.234

14.095

(d) Short-term provisions

8.281

4.984

0.000

Total Current Liabilities (4)

146.543

110.566

94.662

 

 

 

 

TOTAL

220.485

168.917

142.842

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

18.057

17.669

15.775

(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

0.014

0.014

0.014

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

3.392

1.583

1.306

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

21.463

19.266

17.095

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

17.870

7.515

5.703

(c) Trade receivables

131.653

96.507

87.042

(d) Cash and cash equivalents

24.631

24.329

20.374

(e) Short-term loans and advances

22.853

20.331

12.628

(f) Other current assets

2.015

0.969

0.000

Total Current Assets

199.022

149.651

125.747

 

 

 

 

TOTAL

220.485

168.917

142.842

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

1044.113

525.893

404.773

 

 

Other Income

NA

1.839

0.955

 

 

TOTAL                                     (A)

NA

527.732

405.728

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchase of stock in trade

 

426.254

316.635

 

 

Cost of service consumed

1024.803

7.402

5.962

 

 

Employee benefit expenses

 

50.493

47.085

 

 

Other Expenses

 

23.612

17.121

 

 

Changes in inventories

 

(1.811)

(1.580)

 

 

TOTAL                                     (B)

1024.803

505.950

385.223

 

 

 

 

 

Less

PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

 

21.782

20.505

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

Including Financial Expenses and Depreciation

1.982

1.870

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                (E)

 

19.800

18.635

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

 

4.463

2.836

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX (E-F)                 (G)

21.012

15.337

15.799

 

 

 

 

 

Less

TAX                                                                  (H)

7.021

4.984

5.247

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX (G-H)                  (I)

13.991

10.353

10.552

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

NA

0.270

0.000

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

233.18

173.27

176.60

 

 

Particulars

 

 

 

31.03.2014

 

 

 

 

Sales Turnover

 

 

750.000

(Due to Market Fluctuation)

 

 

 

 

 

The above information has been parted by Mr. Nilesh (Accounts Department)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office :

602, Galaxy Apartments, Off T H Kataria Marg, Mahim, Mumbai - 400016, Maharashtra, India

Tel. No.:

91-22-24303555/ 24224172/ 42187777

Fax No.:

91-22-24373143/ 42187760

E-Mail :

galaxyinfo@goapl.com

avadhesh@shahtaparia.com

accounts@goapl.com

Website :

www.goapl.com

Area :

Owned

 

 

Branch Office 1 :

A 23/24, Ambika Towers, Ground Floor, Off Jiyamata Road, Near Pump House, Andheri (East), Mumbai – 400093, Maharashtra, India

Tel. No.:

91-22-42187777

Fax No.:

91-22-42187760

E-Mail :

galaxyinfo@goapl.com

 

 

Branch Office 2 :

BF - 38 Shantipally, 1409-Rajdanga Main Road, Opposite Chakraborty Para, Kolkata - 700107, West Bengal, India

Tel. No.:

91-33-32538359

E-Mail :

kolkata@goapl.com

 

 

Branch Office 3 :

No. 30, VGP Victory house 39, Anna Salai, Chennai - 600002, Tamilnadu, India

Tel. No.:

91-44-43567808

E-Mail :

chennai@goapl.com

 

 

Branch Office 4 :

1008/A, Span Trade Center, Opposite Kochrab Ashram, Ashram Road, Paldi, Ahmedabad - 380006, Gujarat, India

E-Mail :

ahmedabad@goapl.com

 

 

Branch Office 5 :

 MIG. 6/A, Street No. 3, B. K. Guda, S. R. Nagar, Hyderabad - 500038, Andhra Pradesh, India

Tel. No.:

91-40-32445323

E-Mail :

hyderabad@goapl.com

 

 

Also Other Branch Office :

Located At:

 

·         Delhi

·         Pune

·         Navi Mumbai

·         Lucknow

·         Jamshedpur

·         Hyderabad

·         Bangalore

 

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.