MIRA INFORM REPORT
|
Report Date : |
26.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
OXYS TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 52, K.H. Road, Maruthi Nagar, Malleshpalaya Extension, Bangalore –
560075, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.10.2006 |
|
|
|
|
Com. Reg. No.: |
08-040704 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200KA2006PTC040704 |
|
|
|
|
IEC No.: |
0710023243 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRO04507G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCO0448E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is in business of providing Development of
Embedded Systems, Embedded Software/ Hardware, Software Development, Software
Solutions and Manpower Resources. |
|
|
|
|
No. of Employees
: |
18 (Approximately) [In Office: 14 + In Branch: 4] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Very Small Company |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a very small company in its field. Its scale of activities
are limited. External borrowings of the company seems to be huge during 2013. However, business is active. Payment terms are reported to be slow. The company can be considered for small business dealings on safe and
secured 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.
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. Moorthy Palaniswamy |
|
Designation : |
Director |
|
Contact No.: |
91-9845211032 |
|
Date : |
26.06.2014 |
LOCATIONS
|
Registered/ Corporate Office/ Factory : |
No. 52, K.H. Road, Maruthi Nagar, Malleshpalaya Extension, Bangalore –
560075, Karnataka, India |
|
Tel. No. : |
91-80-41683464/ 25344062 |
|
Mobile No. : |
91-9845211032 (Mr. Moorthy Palaniswamy) |
|
Fax No. : |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1600 |
|
Location : |
Rented |
|
|
|
|
Liaison Offices : |
Located at · China · France · South Korea |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. George Verghese |
|
Designation : |
Director |
|
Address : |
Flat No.: 105, Maithri Residency, 11th Main, 5th Cross, Maruthi Nagar, Bangalore – 560075, Karnataka, India |
|
Date of Birth/Age : |
27.10.1958 |
|
Qualification : |
Graduate-Economics |
|
Experience : |
25 Years |
|
Date of Appointment : |
10.10.2006 |
|
DIN No. : |
00402765 |
|
|
|
|
Name : |
Mr. Moorthy Palaniswamy |
|
Designation : |
Director |
|
Address : |
No.5, 1st Floor, Sharada Enclave, Kuvempu Road, Vignanagar,
Bangalore – 560075, Karnataka, India |
|
Date of Birth/Age : |
03.05.1970 |
|
Qualification : |
MS |
|
Experience : |
20 Years |
|
Date of Appointment : |
10.10.2006 |
|
DIN No. : |
00403331 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
George Verghese |
5000 |
50.00 |
|
Moorthy Palaniswamy |
5000 |
50.00 |
|
Total |
10000 |
100.00 |
As on 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in business of providing Development of
Embedded Systems, Embedded Software/ Hardware, Software Development, Software
Solutions and Manpower Resources. |
|
|
|
|
Brand Names : |
· OXYSCOPE-300 · OXYSCOPE-1000 · AVEKSATA-1000 |
|
|
|
|
Agencies Held : |
LITEYE |
|
|
|
|
Imports : |
|
|
Products : |
· Atop Chips · Liteye Head mounted display system |
|
Countries : |
· USA · Europe |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 Days) |
|
|
|
|
Purchasing : |
Credit (60 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers and OEM’s |
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No. of Employees : |
18 (Approximately) [In Office: 14 + In Branch: 4] |
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|||||||||||||||
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Bankers : |
Syndicate Bank Limited, National Games Village, KHB Shopping Complex, NGV Koramangala, Bangalore - 560047, Karnataka, India |
|||||||||||||||
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|
|||||||||||||||
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Facilities : |
Credit Limit : Rs. 3.000 Millions
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vasanth and Company Chartered Accountants |
|
Address : |
No.11/94, G - 001, South End Sampurna Model House Street, Basavanagudi, Bangalore – 560004, Karnataka, India |
|
Tel. No. : |
91-80-41692944 |
|
Fax No. : |
91-80-41692691 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFV5352E |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
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 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
0.345 |
0.313 |
0.361 |
|
(c) Money
received against Share Warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
2.950 |
2.950 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
3.395 |
3.363 |
0.461 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term Borrowings |
1.837 |
1.878 |
0.000 |
|
(b) Deferred Tax Liabilities (Net) |
0.000 |
0.028 |
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) |
1.837 |
1.906 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
Term Borrowings |
0.930 |
0.000 |
2.758 |
|
(b) Trade
Payables |
0.333 |
0.034 |
0.000 |
|
(c) Other
Current Liabilities |
0.663 |
0.504 |
0.275 |
|
(d) Short-term
Provisions |
0.086 |
0.123 |
0.000 |
|
Total Current
Liabilities (4) |
2.012 |
0.661 |
3.033 |
|
|
|
|
|
|
TOTAL |
7.244 |
5.930 |
3.494 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible Assets |
5.594 |
2.418 |
0.471 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred Tax Assets (net) |
0.003 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
Assets |
0.051 |
0.102 |
1.775 |
|
Total Non-Current
Assets |
5.648 |
2.520 |
2.246 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current Investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade Receivables |
0.444 |
1.110 |
0.164 |
|
(d) Cash
and Cash Equivalents |
0.696 |
1.830 |
0.845 |
|
(e)
Short-term Loans and Advances |
0.456 |
0.470 |
0.239 |
|
(f) Other
Current Assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1.596 |
3.410 |
1.248 |
|
|
|
|
|
|
TOTAL |
7.244 |
5.930 |
3.494 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1.087 |
3.089 |
2.391 |
|
|
|
Other Income |
0.148 |
0.028 |
0.000 |
|
|
|
TOTAL (A) |
1.235 |
3.117 |
2.391 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.695 |
|
|
|
|
Employees benefits expense |
2.580 |
0.857 |
|
|
|
|
Other expenses |
1.607 |
1.345 |
|
|
|
|
Product Development Expenses Transferred |
(3.300) |
0.000 |
|
|
|
|
TOTAL (B) |
0.887 |
2.897 |
1.775 (Including
Financial Expenses) |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
0.348 |
0.220 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.113 |
0.009 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.235 |
0.211 |
0.616 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
0.149 |
0.108 |
0.093 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
0.086 |
0.103 |
0.523 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.055 |
0.151 |
0.162 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
0.031 |
(0.048) |
0.361 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.14 |
(4.77) |
36.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.51 |
(1.54) |
15.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.91 |
3.33 |
21.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.19 |
1.74 |
14.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.03 |
1.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.82 |
0.56 |
5.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.79 |
5.16 |
0.41 |
PROVISIONAL
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
|
0.100 |
|
(b) Reserves & Surplus |
|
|
0.662 |
|
(c) Money
received against Share Warrants |
|
|
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
|
2.950 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
3.712 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term Borrowings |
|
|
2.026 |
|
(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) |
|
|
2.026 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
Term Borrowings |
|
|
1.213 |
|
(b) Trade
Payables |
|
|
0.409 |
|
(c) Other
Current Liabilities |
|
|
1.069 |
|
(d) Short-term
Provisions |
|
|
0.142 |
|
Total Current
Liabilities (4) |
|
|
2.833 |
|
|
|
|
|
|
TOTAL |
|
|
8.571 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible Assets |
|
|
0.687 |
|
(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) |
|
|
0.003 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other
Non-current Assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
0.690 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current Investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
6.921 |
|
(c) Trade
Receivables |
|
|
0.211 |
|
(d) Cash
and Cash Equivalents |
|
|
0.241 |
|
(e)
Short-term Loans and Advances |
|
|
0.508 |
|
(f) Other Current
Assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
7.881 |
|
|
|
|
|
|
TOTAL |
|
|
8.571 |
PROVISIONAL PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
3.842 |
|
|
|
Other Income |
|
|
0.031 |
|
|
|
TOTAL (A) |
|
|
3.873 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
|
|
1.485 |
|
|
|
Employees benefits expense |
|
|
2.560 |
|
|
|
Other expenses |
|
|
0.946 |
|
|
|
Product Development Expenses Transferred |
|
|
(2.000) |
|
|
|
TOTAL (B) |
|
|
2.991 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
0.882 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
|
0.299 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
0.583 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
0.125 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
|
|
0.458 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
0.141 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
|
|
0.317 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
31.70 |
|
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.361 |
0.313 |
0.345 |
|
Share Application money
pending allotment |
0.000 |
2.950 |
2.950 |
|
Net
worth |
0.461 |
3.363 |
3.395 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
1.878 |
1.837 |
|
Short term borrowings |
2.758 |
0.000 |
0.930 |
|
Total
borrowings |
2.758 |
1.878 |
2.767 |
|
Debt/Equity
ratio |
5.983 |
0.558 |
0.815 |
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 |
2.391 |
3.089 |
1.087 |
|
|
|
29.193 |
(64.811) |
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 |
2.391 |
3.089 |
1.087 |
|
Profit |
0.361 |
(0.048) |
0.031 |
|
|
15.10% |
(1.55%) |
2.85% |
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 |
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10354243 |
29/05/2014 * |
3,188,000.00 |
SYNDICATE BANK |
NATIONAL GAMES VILLAGE, KHB SHOPPING COMPLEX, NGV |
C05914700 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances
from related parties: |
|
|
|
Key Management Personnel (KMP) |
1.690 |
1.878 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Cash Credit Account - Syndicate Bank |
0.930 |
0.000 |
|
Total |
2.620 |
1.878 |
|
NOTE The Cash Credit facility is secured by the hypothecation of
Trade Receivables, and other current assets of the Company and personal
guarantee of the Directors. The cash credits are repayable on demand and
carry interest in the range of 12% to 14%. |
||
CORPORATE
INFORMATION:
The company or ‘OXYS’ as incorporated on 10th October, 2006 under the provisions of the companies act, 1956. The company is in business of providing Development of Embedded Systems, Embedded Software/Hardware, Software Development, Software Solutions and Manpower Resources.
CONTINGENT LIABILITIES:
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
Bank Guarantees given for the same against the fixed
deposit with Bank |
0.675 |
0.000 |
|
|
|
|
FIXED ASSETS
Tangible Assets:
· Computers
· Furniture
· Equipment’s
· Office Equipment’s
· UPS
Intangible Assets:
· Software
· Product Development
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 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.60.28 |
|
|
1 |
Rs.102.28 |
|
Euro |
1 |
Rs.82.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.