MIRA INFORM REPORT
|
Report Date : |
26.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRANAG DATA LINKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.125, M.M.V. Road, V.V. Puram, Bangalore – 560 004, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.03.1997 |
|
|
|
|
Com. Reg. No.: |
08-021979 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.040
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007KA1997PTC021979 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP2731M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Dealer
of IT Products and also engaged in providing
solutions for business and IT integration and maintenance. |
|
|
|
|
No. of Employees
: |
Approximately 15 (In Office) |
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 : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company has incurred huge accumulated losses which has eroded
networth of the company. Liquidity position of the company is under pressure.
Mr. S. Nagesh, Director informed that status of the company shown in
the registrar of companies is “Dormant” due to non-filling of financial
document with the ROC. Further he also informed that company is active and he provided us
with the financial information. Payment terms are reported to be slow. The company can be considered for 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
NEWS
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 with 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. S. Nagesh |
|
Designation : |
Director |
|
Contact No.: |
91-9880506254 |
|
Date : |
25.06.2014 |
LOCATIONS
|
Registered Office : |
125, M.M.V. Road, V.V. Puram, Bangalore – 560 004, Karnataka, India |
|
Tel. No.: |
91-80-26628751/ 26603583 |
|
Mobile No.: |
91-9880506254 (Mr. S. Nagesh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Business Address : |
No.8/12, 2nd Floor, Govindappa Road, Basavanagudi,
Bangalore – 560 004, Karnataka, India |
|
Tel. No.: |
91-80-26614874/ 26601780 |
|
Fax No.: |
91-80-26603583 |
|
Location : |
Rented |
DIRECTORS
|
Name : |
Mr. S. Nagesh |
|
Designation : |
Director |
|
Address : |
G-1, Pranag Enclave, No.10, M.M.V. Road, V.V. Puram, Bangalore – 560
004, Karnataka, India |
|
Date of Birth/Age : |
16.05.1958 |
|
Qualification : |
M. Sc. (Mathematics) |
|
Experience : |
25 Years |
|
|
|
|
Name : |
Mrs. Prabha Nagesh |
|
Designation : |
Director |
|
Address : |
G-1, Pranag Enclave, No.10, M.M.V. Road, V.V. Puram, Bangalore – 560
004, Karnataka, India |
|
Date of Birth/Age : |
02.01.1965 |
|
Qualification : |
B. Sc. |
|
Experience : |
15 Years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
S. Nagesh |
5201 |
50.00 |
|
Prabha Nagesh |
5201 |
50.00 |
|
Total
|
10402 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Dealer
of IT Products and also engaged in providing
solutions for business and IT integration and maintenance. |
|
|
|
|
Products/ Services : |
Products marketed and supported
|
|
|
|
|
Agencies Held : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
End Users and Others (Government Organizations, Defence, RandD
Institutes, Corporates) Corporate ·
Larsen
and Tubro Limited ·
Karnataka
Power Corporation Limited ·
Hindustan
Petroleum Corporation Limited ·
Union
Bank of India ·
International
Technology Park Limited ·
Sandur
Manganese and Iron Ore Limited ·
VXL
Instruments Limited ·
TATA
Elxsi (India) Limited ·
TATA
Unisys Limited ·
National
Insurance Company Limited PSU ·
HAL –
Aircraft Division ·
HAL –
Engine Division ·
HAL –
Aerospace Division ·
Wheel
and Axel Limited ·
Bharath
Electronics Limited ·
Bharath
Earth Movers Limited ·
Indian
Telephone Industries Limited Software ·
Bluefont Technologies
Private Limited ·
CMC Limited ·
CMS Computers Limited ·
CSM Software Private
Limited ·
Novell Software
Development (India ) Limited ·
Hathway Software
Development Private Limited ·
Jaya Infotech Private
Limited ·
Srishti Softech
Private Limited ·
Kvaerner John Brown
(India) Private Limited Defence ·
Electronics and Radar
Development Establishment – LRDE ·
Centre for Electronics
Test Engineering ·
Centre for Artificial
Engineering and Robotics – CARE ·
Gas Turbine Research
Establishment – GTRE ·
Aeronautical
development Establishment – ADE ·
National Aeronautical
Laboratories – NAL R & D ·
Indian Institute of
Science ·
ISRO Satellite Centre ·
ISRO Telemetry
Tracking and Command Network ·
National Dairy
Research Institute ·
Central Food
Technological Research Institute ·
Atomic Mineral
Directorate – AMD ·
National Centre for
Biological Sciences ·
Raman Research
Institute ·
Indian Statistical
Institute ·
National institute of
Mental Health and Neuro Sciences – NIMHANS ·
Indian Institute of
Astophysics ·
National Tuberculosis
Institute ·
National Institute of
Rock Mechanics SMEs ·
Chandrakiran
Securities Private Limited ·
Agsar Paints Private
Limited ·
KBS Pumps Limited ·
PKN Caps and Polymers ·
R V Engineering
College ·
R V Dental College ·
Writgen India limited ·
Bowering Institute ·
The Printers (Mysore)
Limited Government Organization ·
Karnataka Milk
Federation Limited ·
Rajiv Gandhi Rural
Housing Corporation Limited ·
KSRTC ·
KEONICS Limited ·
Census Operations,
Karnataka Circle ·
National Bureau of
Soil Survey ·
Directorate of Project
Biologicals ·
National Textiles
Corporation Limited |
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|||||||||||||||||||||
|
No. of Employees : |
Approximately 15 (In Office) |
|||||||||||||||||||||
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Bankers : |
|
|||||||||||||||||||||
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|||||||||||||||||||||
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Facilities : |
Overdraft: upto Rs.1.800 millions (From Canara Bank)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G.S. Prakash Chartered Accountant |
|
Address : |
No.8, 4th Main Road (Next to Indian Bank), Chamarajpet,
Bangalore – 560 018, Karnataka, India |
|
Tel. No.: |
91-80-26603687/ 86 |
|
Fax No.: |
91-80-26603686 |
|
E-Mail : |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10402 |
Equity Shares |
Rs.100/-
each |
Rs.1.040
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1.040 |
1.040 |
|
(b) Reserves & Surplus |
|
(1.277) |
(1.174) |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(0.237) |
(0.134) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
4.343 |
3.753 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
Long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
4.343 |
3.753 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
0.215 |
0.060 |
|
(c)
Other current liabilities |
|
0.024 |
0.007 |
|
(d)
Short-term provisions |
|
0.261 |
0.257 |
|
Total
Current Liabilities (4) |
|
0.500 |
0.324 |
|
|
|
|
|
|
TOTAL |
|
4.606 |
3.943 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
0.163 |
0.185 |
|
(ii)
Intangible Assets |
|
0.003 |
0.008 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e) Current Assets |
|
0.012 |
0.001 |
|
(f)
Other Non-current assets |
|
1.543 |
1.530 |
|
Total
Non-Current Assets |
|
1.721 |
1.724 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1.588 |
1.960 |
|
(c)
Trade receivables |
|
1.213 |
0.069 |
|
(d)
Cash and cash equivalents |
|
0.084 |
0.190 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
2.885 |
2.219 |
|
|
|
|
|
|
TOTAL |
|
4.606 |
3.943 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
4.259 |
1.938 |
|
|
|
Other Income |
|
0.001 |
0.044 |
|
|
|
TOTAL (A) |
|
4.260 |
1.982 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
|
2.565 |
1.027 |
|
|
|
Changes in Inventory |
|
0.372 |
0.291 |
|
|
|
Employee Benefits Expenses |
|
0.635 |
0.715 |
|
|
|
Other Expenses |
|
0.498 |
0.692 |
|
|
|
TOTAL (B) |
|
4.070 |
2.725 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
0.190 |
(0.743) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.267 |
0.356 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(0.077) |
(1.099) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.027 |
0.032 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
(0.104) |
(1.131) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
(0.104) |
(1.131) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
(10.00) |
(108.73) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
|
(2.44) |
(57.06) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
(2.44) |
(58.36) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(2.26) |
(28.69) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.44 |
8.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
(18.32) |
(28.01) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
5.77 |
6.85 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
|
1.040 |
1.040 |
|
Reserves & Surplus |
|
(1.174) |
(1.277) |
|
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Net worth |
|
(0.134) |
(0.237) |
|
|
|
|
|
|
Long-term borrowings |
|
3.753 |
4.343 |
|
Short term borrowings |
|
0.000 |
0.000 |
|
Total borrowings |
|
3.753 |
4.343 |
|
Debt/Equity ratio |
|
(28.007) |
(18.325) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
|
1.938 |
4.259 |
|
|
|
|
119.763 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
|
1.938 |
4.259 |
|
Profit |
|
(1.131) |
(0.104) |
|
|
|
(58.36%) |
(2.44%) |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
ABRIDGED BALANCE
SHEET
(Rs.
in millions)
|
SOURCES OF FUNDS |
|
|
31.03.2014 (Unaudited) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.040 |
|
|
2] Share Application Money |
|
|
0.015 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.055 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.412 |
|
|
2] Unsecured Loans |
|
|
2.518 |
|
|
TOTAL BORROWING |
|
|
4.930 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.985 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.165 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.321 |
|
|
Sundry Debtors |
|
|
3.835 |
|
|
Cash & Bank Balances |
|
|
0.025 |
|
|
Other Current Assets |
|
|
0.220 |
|
|
Loans & Advances |
|
|
1.343 |
|
Total
Current Assets |
|
|
6.744 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.822 |
|
|
Other Current Liabilities & Provisions |
|
|
0.102 |
|
Total
Current Liabilities |
|
|
0.924 |
|
|
Net Current Assets |
|
|
5.820 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.985 |
|
PROFIT & LOSS
ACCOUNT
(Rs.
in millions)
|
|
PARTICULARS |
|
|
31.03.2014 (Unaudited) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
4.268 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL (A) |
|
|
4.268 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
2.779 |
|
|
|
Service
Charges Paid |
|
|
0.098 |
|
|
|
Salary
Paid |
|
|
0.582 |
|
|
|
Accounting
charges |
|
|
0.027 |
|
|
|
Electricity
charges |
|
|
0.018 |
|
|
|
ESI
of Employer |
|
|
0.012 |
|
|
|
Rent |
|
|
0.180 |
|
|
|
Staff
Welfare |
|
|
0.036 |
|
|
|
Telephone
Expenses |
|
|
0.039 |
|
|
|
Vehicle
Maintenance |
|
|
0.007 |
|
|
|
Travelling
& Conveyance |
|
|
0.047 |
|
|
|
Sundry
Expenses |
|
|
0.029 |
|
|
|
Printing
& Stationery |
|
|
0.014 |
|
|
|
News
Papers & Periodicals |
|
|
0.012 |
|
|
|
TOTAL (B) |
|
|
3.880 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
0.388 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.115 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
0.273 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
0.021 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
|
0.252 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
0.083 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
|
0.169 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
16.25 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2014 (Unaudited) |
|
PAT / Total Income |
(%) |
|
|
3.96 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
5.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
3.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
4.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
7.30 |
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM BORROWINGS: |
|
|
|
Loans and advances from related parties |
|
|
|
S. Nagesh
(Director) |
1.524 |
0.838 |
|
Prabha Nagesh
(Director) |
0.994 |
0.900 |
|
Total |
2.518 |
1.738 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
80057794 |
30/11/2005 |
5,300,000.00 |
CANARA BANK |
VV PURAM BRANCH ,
BANGALORE, KARNATAKA - 560004, INDIA |
- |
TRADE REFERENCES:
Par Data Systems
No.577, 13th Main, 23rd Cross, BSK II Stage,
Bangalore – 560 070, Karnataka, India
Mr. Anand Rao – Tel. No.: 91-80-26711146
Triangle
Technologies
No.23, hare Krishna Road, Shivananda Circle, Bangalore – 560 001,
Karnataka, India
Mr. Sridhar – Tel. No.: 91-80-22269679
Vanpac Systems
No.189, 2nd Main, 2nd Cross, Chamarajpet,
Bangalore – 560 018, Karnataka, India
Mr. Satya Prasad – Tel. No.: 91-80-22427782
Prompt Computer
Services
No.354/3, 1st Cross, 1st Block, Jayanagar,
Bangalore – 560 011, Karntaka, India
Mr. Srinivas – Tel. No.: 91-80-26565158
FIXED ASSETS:
Tangible Assets
·
Computer
·
EPABX System
·
Office Equipment
·
TVS 50
·
Activa Scooter
·
Vacuum Cleaner
·
Electrical Installation
·
Furniture and Fixtures
Intangible Assets
·
Software Package
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
|
Information Gathered
by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--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.