MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

ENHANCED SOFTWARE SOLUTIONS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUME06645C

 

 

PAN No.:

[Permanent Account No.]

AABCE6486A

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Service Provider of IT Telecom Services.

 

 

Products :

Item Code No. (ITC Code)

Product Description

8471.00

Automatic Data Processing Machines and Units thereof

8524.00

Computer Software

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         HDFC Bank Limited

·         The Shamro Vithal Co-operative Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

From Other Parties

0.051

0.256

 

 

 

SHORT TERM BORROWINGS

 

 

Overdraft against FDR from The Shamro Vithal Co-operative Bank Limited

5.463

5.835

Kotak Mahindra Prime Limited

0.100

0.000

 

 

 

Total

5.614

6.091

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Agrawal and Chhajed

Chartered Accountant

Address :

1307, Navjivan Commercial Premises, Lamington Road, Mumbai – 400008, Maharashtra, India

Tel No.:

91-22-23060473/ 23060474/ 29858540

Fax No.:

91-22-23060473

Mobile No.:

91-9820067829/ 9324908661

PAN No.:

AAFFA5707M

Email :

manmohanagrawal54@yahoo.com

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 24.09.2013

 

Names of Shareholders

No. of Shares

%age

Prabhav Kishor Kodial

450000

45.00

Nandkumar Govind Pawaskar

550000

55.00

 

 

 

Total

1000000

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

EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

10.000

10.000

10.000

(b) Reserves & Surplus

96.216

81.153

65.737

(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)

106.216

91.153

75.737

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.051

0.256

0.662

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.192

0.289

0.462

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

0.243

0.545

1.124

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

5.564

5.835

0.000

(b) Trade payables

4.326

14.144

0.745

(c) Other current liabilities

7.923

8.059

4.399

(d) Short-term provisions

21.035

21.450

26.423

Total Current Liabilities (4)

38.848

49.488

31.567

 

 

 

 

TOTAL

145.307

141.186

108.428

 

 

 

 

ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

6.527

7.871

9.933

(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

1.325

1.798

2.162

(c) Deferred tax assets (net)

1.098

0.816

0.673

(d)  Long-term Loan and Advances

29.656

35.445

35.876

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

38.606

45.930

48.644

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

26.441

38.287

36.529

(d) Cash and cash equivalents

77.962

52.617

18.026

(e) Short-term loans and advances

2.163

4.261

5.229

(f) Other current assets

0.135

0.091

0.000

Total Current Assets

106.701

95.256

59.784

 

 

 

 

TOTAL

145.307

141.186

108.428

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Revenue from Operations

134.638

198.837

 

 

Other Income

 

5.139

2.414

 

 

TOTAL                                     (A)

182.065

139.777

201.251

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchases of stock-in-trade

33.952

65.673

 

 

Employee benefits expense

 

42.521

59.577

 

 

Other expenses

 

38.493

41.643

 

 

TOTAL                                     (B)

155.612 (Including Financial Expenses)

114.966

166.893

 

 

 

 

 

Less

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

 

24.811

34.358

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

 

0.570

0.482

 

 

 

 

 

 

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

26.453

24.241

33.876

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

2.660

3.500

4.322

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

23.793

20.741

29.554

 

 

 

 

 

Less

TAX                                                                  (H)

8.731

5.325

11.609

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

15.062

15.416

17.945

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

0.119

0.088

0.096

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials, Components and Spare Parts

6.509

24.235

14.674

 

TOTAL IMPORTS

6.509

24.235

14.674

 

 

 

 

 

 

Earnings Per Share (Rs.)

15.06

15.42

129.91

 

 

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

 

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 :

Row House 12, Cosmos A CHS, Shiv Shrushti, Kurla, Mumbai – 400024, Maharashtra, India

Tel. No.:

91-22-25276091

Fax No.:

Not Available

E-Mail :

manmohanagrawal54@yahoo.com

info@ess.net.in

svp_cs@yahoo.com

dhan_gokhle@hotmail.com

Website :

http://www.ess.net.in

 

 

Head Office :

201-A, 2nd Floor, Raheja Plaza -1, LBS Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra, India

Tel. No.:

91-22-25009511/ 61278728/ 29

Fax No.:

91-22-61278729

 

 

Singapore Office :

20, Cecil Street, #14-01 Equity Plaza, Singapore 049705

Tel No.:

6438-8887

Fax No.:

6438-2436

 

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.