MIRA
INFORM REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
CMS INFO SYSTEMS PRIVATE LIMITED |
Principal Name 1 |
Mr. Raju Ramesh Dutt Grover |
|
Status |
Good |
Principal Name 2 |
Mr. Mathew Cyriac |
|
|
|
Registration # |
11-180479 |
|
Street Address |
CMS House, Plot No. 91, Street No.7, MIDC Marol, Andheri (East),
Mumbai – 400093, |
||
|
Established Date |
26.03.2008 |
SIC Code |
-- |
|
Telephone# |
91-22-30888881 |
Business Style 1 |
Trading |
|
Fax # |
91-22-30888886 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Computer Systems |
|
|
# of employees |
Not Divulged |
Product Name 2 |
Peripherals |
|
Paid up capital |
Rs.
1,617,752,000/- |
Product Name 3 |
Computer Hardware |
|
Shareholders |
Foreign holdings 56.67%, Bodies corporate 6.73%, Directors or relatives of Directors 31.50%, Other top fifty shareholders 5.10% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
6 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (54) |
|
Related
Company |
|||
|
Relation |
Country |
Company Name |
CEO |
|
Holding
company |
Mauritius |
Blacktone
FP Capital Partners (Mauritius) V Limited |
-- |
|
Note
|
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,117,289,000 |
Current Liabilities |
2,186,911,000 |
|
Inventories |
127,804,000 |
Long-term Liabilities |
404,809,000 |
|
Fixed Assets |
1,859,085,000 |
Other Liabilities |
71,266,000 |
|
Deferred Assets |
22,893,000 |
Total Liabilities |
2,662,986,000 |
|
Invest& other Assets |
1,332,506,000 |
Retained Earnings |
2,178,839,000 |
|
|
|
Net Worth |
3,796,591,000 |
|
Total Assets |
6,459,577,000 |
Total Liab. & Equity |
6,459,577,000 |
|
Total Assets (Previous Year) |
4,724,471,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
6,948,074,000 |
Net Profit |
450,439,000 |
|
Sales(Previous yr) |
6,148,649,000 |
Net Profit(Prev.yr) |
120,454,000 |
|
Report Date : |
12.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
CMS INFO SYSTEMS PRIVATE LIMITED (w.e.f.10.12.2008) |
|
|
|
|
Formerly Known
As : |
SUBHIKSHA REALTY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
CMS House, Plot No. 91, Street No.7, MIDC Marol, Andheri (East),
Mumbai – 400093, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
26.03.2008 |
|
|
|
|
Com. Reg. No.: |
11-180479 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1617.752 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2008PTC180479 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMC16860E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAMCS2311K |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business
: |
Trading of Computer Systems and Peripherals, maintenance and facility management
services for computer systems and peripherals, computer hardware and network
training, print solution services and card personalization services and also
in to ATM and Cash Management Business. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 15000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behavior : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The management has failed to file its financial with government
department for the year 2013. As per available financial of 2012, the rating takes into
consideration strong financial risk profile supported by adequate liquidity
position and decent profitability achieved by the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings at
usual 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi slipped
four notches to become the world’s eighth most expensive office locations.
London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
A (Term Loan) |
|
Rating Explanation |
Having adequate degree of safety regarding timely
servicing of financial obligation. It carries low credit risk. |
|
Date |
April 2013 |
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 DECLINED
MANAGEMENT NON-COOPERATIVE
(CONTACT NO.: 91-22-30888881)
LOCATIONS
|
Registered Office : |
CMS House, Plot No. 91, Street No.7, MIDC Marol, Andheri (East),
Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-30888881/ 5/ 30888853/ 67553101 / 30837272 |
|
Fax No.: |
91-22-30888886/ 28364954/ 67553106 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
11th Floor, Silver Metropolis, Off Western
Express Highway, Opposite SRPF Grounds, Goregaon (East), Mumbai - 400063,
Maharashtra, India |
|
Tel. No.: |
91-22-67553100/ 04 |
|
Fax No.: |
91-22-67553105 |
DIRECTORS
AS ON 31.12.2012
|
Name : |
Mr. Raju Ramesh Dutt Grover |
|
Designation : |
Director |
|
Address : |
1, Revills, 45 Cuffe Parade, Colaba, Mumbai – 400005, |
|
Date of Birth/Age : |
08.09.1951 |
|
Qualification : |
Management |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
01584366 |
|
|
|
|
Name : |
Mr. Mathew Cyriac |
|
Designation : |
Director |
|
Address : |
1908, North Tower, The Imperial, BB Nakshe Marg, Tardeo,
Mumbai-400034, Maharashtra, India |
|
Date of Birth/Age : |
20.05.1969 |
|
Qualification : |
BE, MBA |
|
Date of Appointment : |
01.07.2009 |
|
DIN No.: |
01903606 |
|
|
|
|
Name : |
Mr. Rajiv Kaul |
|
Designation : |
Whole-time director |
|
Address : |
B – 40, SFS, Sheikh Sarai – Phase 1, |
|
Date of Birth/Age : |
29.07.1968 |
|
Qualification : |
B.E, MBA |
|
Experience : |
17 Years |
|
Date of Appointment : |
01.07.2009 |
|
PAN No.: |
AAFPK5969B |
|
DIN No.: |
02581313 |
|
|
|
|
Name : |
Mrs. Aarti Remesh Dutt Grover |
|
Designation : |
Additional Director |
|
Address : |
1, Revills, 45, Cuffe Parade, Mumbai – 400005, Maharashtra, India |
|
Date of Birth/Age : |
06.08.1977 |
|
Qualification : |
MBA |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
02625342 |
|
|
|
|
Name : |
Mr. Amit Dalmia |
|
Designation : |
Director |
|
Address : |
Flat No.94, Building 4A, Kalpataru Estate, JVLR, Andheri (East),
Mumbai-400093, Maharashtra, India |
|
Date of Birth/Age : |
30.10.1975 |
|
Qualification : |
CA, CS, ICWAI |
|
Date of Appointment : |
25.06.2012 |
|
DIN No.: |
05313886 |
KEY EXECUTIVES
|
Name : |
Mr. Praveen Soni |
|
Designation : |
Company Secretary |
|
Address : |
Dev Darshan, 405, 4th Floor, 60 Feet Road, Bhayander
(West), Thane – 401101, Maharashtra, India |
|
Date of Birth/Age : |
10.09.1977 |
|
Date of Appointment : |
01.07.2009 |
|
PAN No.: |
AVSPS8328L |
|
|
|
|
Name : |
Sudev Muthya |
|
Designation : |
President IT |
|
Date of Birth/Age : |
52 Years |
|
Qualification : |
B. E. And MBA |
|
Experience : |
25 Years |
|
Date of Appointment : |
23.07.2010 |
|
|
|
|
Name : |
Mr. Anup Neogi |
|
Designation : |
Sr. Vice President And Chief Operating Officer |
|
Date of Birth/Age : |
52 Years |
|
Qualification : |
B. A. / DBM |
|
Experience : |
32 Years |
|
Date of Appointment : |
03.03.2011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.12.2012
|
Names of Equity Shareholders |
|
No. of Shares |
|
Ramesh D. Grover |
|
35550287 |
|
Raju Grover |
|
70161 |
|
Vishal Gorver |
|
4787327 |
|
Aarti Grover |
|
3155687 |
|
R. D. Grover (HUF) |
|
2666667 |
|
Srinivasan Ramadorai |
|
1192738 |
|
Blackstone FP Capital Partners (Mauritius) V Limited,
Mauritius |
|
83167132 |
|
CMS Computers Limited, India |
|
9885191 |
|
Rajiv Kaul and Pankaj Khandelwal (Authorised Trustees of
CMS Securitas Employees Welfare Trust) |
|
6300000 |
|
|
|
|
|
Total |
|
146775190 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Mathew Cyriac (Authorised Trustee of CMS Securitas
Employees Welfare Trust) |
|
500000 |
|
Rajiv Kaul (Authorised Trustee of CMS Securitas Employees
Welfare Trust) |
|
500000 |
|
Pankaj Khandelwal (Authorised Trustee of CMS Securitas Employees
Welfare Trust) |
|
500000 |
|
|
|
|
|
Total |
|
1500000 |
AS ON 31.12.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
56.67 |
|
Bodies corporate (not mentioned above) |
6.73 |
|
Directors or relatives of Directors |
31.50 |
|
Other top fifty shareholders |
5.10 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Computer Systems and Peripherals, maintenance and facility management
services for computer systems and peripherals, computer hardware and network
training, print solution services and card personalization services and also
in to ATM and Cash Management Business. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · Kotak Mahindra Bank Limited 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai - 400021, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S R Batliboi and Associates Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West),
Mumbai – 400028, Maharashtra, India |
|
Tel. No.: |
91-22-61920000 |
|
Fax No.: |
91-22-61921000 |
|
PAN No.: |
AABFS3421N |
|
|
|
|
Holding company : |
Blacktone FP Capital Partners (Mauritius) V Limited |
|
|
|
|
Subsidiary company
: |
· CMS Securitas Limited [U67190DL1999PLC098107] CMS Marshall Limited [U46711MH2006PLC158878] Securitrans India Private Limited [U74999DL1998PTC095012] |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· CMS - DITL Limited [U32100MH1981PLC024132] CMS - Ident Private Limited [U72200MH2008PTC182049] CMS - IDent Private Limited [U72200MH2008PTC182049] CMS Computers Limited [U30007MH1980PLC022235] CMS Traffic Systems Limited [U74999MH1994PLC082773] E Flex LLC, Dubai G G Constructions Private Limited [U74899DL1987PTC028772] Kaycee Industries Limited [L70102MH1942PLC006482] Netprint Solutions India Private Limited
[U28200MH1982PTC028805] Resergent Infoteck Private Limited [U72900PN2005PTC020799] Systime Global Solutions Private Limited CMS Securitas Employees Welfare Trust |
|
|
|
|
Associates : |
· Blackstone Advisors India Private Limited [U67190MH2005PTC156325] Gateway Rail Freight Limited [U60231DL2005PLC138598] Intelenet Global Services Private Limited
[U99999MH2000PTC129112] |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
148000000 |
Equity Shares |
Rs.10/- each |
Rs. 1480.000 Millions |
|
1500000 |
0.01% Optionally Convertible Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs. 150.000 Millions |
|
|
Total |
|
Rs. 1630.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
146775190 |
Equity Shares |
Rs.10/- each |
Rs. 1467.752
Millions |
|
1500000 |
0.01% Optionally Convertible Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs. 150.000 Millions |
|
|
Total |
|
Rs. 1617.752 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
1,617.752 |
|
(b) Reserves & Surplus |
|
|
2,178.839 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
3,796.591 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
114.501 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long
term liabilities |
|
|
589.052 |
|
(d) long-term
provisions |
|
|
28.773 |
|
Total Non-current
Liabilities (3) |
|
|
732.326 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
290.308 |
|
(b)
Trade payables |
|
|
711.839 |
|
(c)
Other current liabilities |
|
|
886.020 |
|
(d) Short-term
provisions |
|
|
42.493 |
|
Total Current
Liabilities (4) |
|
|
1,930.660 |
|
|
|
|
|
|
TOTAL |
|
|
6,459.577 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
808.822 |
|
(ii)
Intangible Assets |
|
|
1,050.263 |
|
(iii) Capital
work-in-progress |
|
|
64.652 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
1,267.854 |
|
(c) Deferred tax assets (net) |
|
|
22.893 |
|
(d) Long-term Loan and Advances |
|
|
321.872 |
|
(e) Other
Non-current assets |
|
|
73.497 |
|
Total Non-Current
Assets |
|
|
3,609.853 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
127.804 |
|
(c)
Trade receivables |
|
|
1,573.010 |
|
(d) Cash
and cash equivalents |
|
|
174.938 |
|
(e)
Short-term loans and advances |
|
|
571.733 |
|
(f)
Other current assets |
|
|
402.239 |
|
Total
Current Assets |
|
|
2,849.724 |
|
|
|
|
|
|
TOTAL |
|
|
6,459.577 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1278.802 |
1278.802 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
592.185 |
(158.079) |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1870.987 |
1120.723 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
1272.750 |
898.508 |
|
|
2] Unsecured Loans |
|
236.064 |
162.564 |
|
|
TOTAL BORROWING |
|
1508.814 |
1061.072 |
|
|
DEFERRED TAX LIABILITIES |
|
2.377 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
3382.178 |
2181.795 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
GOODWILL ON CONSOLIDATION |
|
1035.180 |
1035.180 |
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
828.612 |
414.385 |
|
|
Capital work-in-progress |
|
72.393 |
11.217 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
21.676 |
21.676 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
164.939
|
171.054
|
|
|
Sundry Debtors |
|
1573.220
|
945.305
|
|
|
Cash & Bank Balances |
|
207.445
|
46.449
|
|
|
Other Current Assets |
|
73.198
|
83.918
|
|
|
Loans & Advances |
|
747.808
|
342.229
|
|
Total
Current Assets |
|
2766.610
|
1588.955
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
764.812
|
412.851
|
|
|
Other Current Liabilities |
|
503.696
|
409.341
|
|
|
Provisions |
|
73.785
|
72.460
|
|
Total
Current Liabilities |
|
1342.293
|
894.652
|
|
|
Net Current Assets |
|
1424.317
|
694.303
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
5.034 |
|
|
|
|
|
|
|
|
TOTAL |
|
3382.178 |
2181.795 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
6948.074 |
6148.649 |
3554.739 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
6297.905 |
5972.443 |
3539.506 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
650.169 |
176.206 |
15.233 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
199.730 |
55.752 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
450.439 |
120.454 |
15.233 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
319.962 |
(158.079) |
(173.312) |
|
|
|
|
|
|
|
|
|
|
ADJUSTED AGAINST THE GENERAL RESERVE PURSUANT
TO THE SCHEME OF ARRANGEMENT |
0.000 |
173.313 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
EFFECT OF SCHEME OF
AMALGAMATION |
0.000 |
184.274 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
770.401 |
319.962 |
(158.079) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service and Maintenance Charges |
|
2.283 |
3.856 |
|
|
|
Other Earnings |
|
1.066 |
1.006 |
|
|
TOTAL EARNINGS |
10.308 |
3.349 |
4.862 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
|
51.185 |
106.403 |
|
|
|
Stores & Spares |
|
128.859 |
107.174 |
|
|
|
Capital Goods |
|
78.137 |
10.224 |
|
|
TOTAL IMPORTS |
112.033 |
258.181 |
223.801 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.66 |
1.07 |
0.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.48
|
1.96 |
0.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.74
|
3.80 |
0.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.09 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.11
|
0.54 |
0.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48
|
0.92 |
1.78 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
in Millions) |
(Rs.
in Millions) |
(Rs.
in Millions) |
|
Total Income |
3554.739 |
6148.649 |
6948.074 |
|
|
|
72.970 |
13.002 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
in Millions) |
(Rs.
in Millions) |
(Rs.
in Millions) |
|
Total Income |
3554.739 |
6148.649 |
6948.074 |
|
Profit |
15.233 |
120.454 |
450.439 |
|
|
0.43% |
1.96% |
6.48% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10452679 |
30/09/2013 |
13,787,475.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B86498888 |
|
2 |
10448725 |
11/09/2013 |
11,837,050.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B84818053 |
|
3 |
10441725 |
31/07/2013 |
12,769,414.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B81528952 |
|
4 |
10436124 |
05/07/2013 |
27,173,240.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B79305389 |
|
5 |
10430647 |
06/06/2013 |
39,434,955.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B76927979 |
|
6 |
10430642 |
16/05/2013 |
5,970,352.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B76925627 |
|
7 |
10423374 |
22/04/2013 |
8,553,907.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B74274945 |
|
8 |
10422321 |
28/02/2013 |
20,589,337.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B73908675 |
|
9 |
10402110 |
17/01/2013 |
10,158,146.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B67752600 |
|
10 |
10406038 |
26/12/2012 |
21,563,129.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B68398098 |
|
11 |
10400590 |
30/11/2012 |
13,589,962.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B66732785 |
|
12 |
10385482 |
31/10/2012 |
4,984,050.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B61725123 |
|
13 |
10361826 |
29/05/2012 |
6,556,056.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B42126896 |
|
14 |
10365621 |
21/05/2012 |
10,570,280.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B43685114 |
|
15 |
10357225 |
08/08/2013 * |
551,300,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227, D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B84119189 |
|
16 |
10348079 |
02/04/2012 |
35,014,812.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B37116175 |
|
17 |
10353157 |
12/03/2012 |
52,524,265.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B38761557 |
|
18 |
10335953 |
18/01/2012 |
12,378,428.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B32288847 |
|
19 |
10336857 |
29/12/2011 |
1,200,969.00 |
KOTAK MAHINDRA
PRIME LIMITED |
36-38A, NARIMAN
BHAVAN, 227, D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B32671224 |
|
20 |
10297627 |
12/07/2011 |
19,228,385.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B17005265 |
|
21 |
10296641 |
27/06/2011 |
6,986,843.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B16662470 |
|
22 |
10284688 |
13/04/2011 |
11,109,471.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B11818507 |
|
23 |
10264824 |
21/03/2013 * |
450,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B75327791 |
|
24 |
10231460 |
30/06/2010 |
250,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH (ADVANCES), NGN VAIDYA MARG, BANK STREET, HORNIMAN CIRCLE, MUMBAI -
400023, MAHARASHTRA , INDIA |
A90098922 |
|
25 |
10223813 |
30/05/2011 * |
190,000,000.00 |
AXIS BANK
LIMITED |
AXIS HOUSE, GROUND
FLOOR, BOMBAY DYEING MILLS, COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI -
400025, MAHARASHTRA, INDIA |
B16656100 |
|
26 |
10211508 |
31/03/2010 |
275,000,000.00 |
IDBI BANK
LIMITED |
47, OPUS CENTRE,
CENTER ROAD, MIDC,ANDHERI EAST, MUMBAI - 400093, MAHARASHTRA, INDIA |
A82690561 |
|
27 |
10179005 |
01/02/2010 * |
400,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
A78255213 |
* Date of charge modification
UNSECURED LOAN
|
Unsecured Loan |
31.03.2011 (Rs.
In Millions) |
|
Rupee term loans banks unsecured |
80.000 |
|
Other debt unsecured |
142.564 |
|
Interest accrued due unsecured loans |
13.500 |
|
|
|
|
Total |
236.064 |
CHANGE OF ADDRESS
The Registered Office of the company has been shifted from 14,
Chandreahwar Hall Building, 2nd Floor, J S S Road, Opera House, Mumbai -
400004, Maharashtra, India to the present address w.e.f. 15.10.2008
CORPORATE
INFORMATION
Subject is a private limited company domiciled in India an incorporated
under the provisions of the Companies Act, 1956. The Company is engaged in the
business of trading in computer systems and peripherals, maintenance and
facility management services for computer systems and peripherals, computer
hardware and network training, print solution services and card personalization
services. The Company is also in to ATM and Cash Management Business.
The Company along with CMS Computer Limited had filed a Scheme of
Arrangement with the Honorable High Court of Judicature at Bombay. The said
Scheme was approved by the High Court and was effective from July 01, 2009 with
appointed date April 1, 2008.
In accordance with the Scheme of Arrangement, trading and IT enabled
services comprising of annual maintenance services, facility management
services, CMs Training Institute and printing services along with the
subsidiary – CMS Securitas Limited to the Company. Further, the Chief Executive
Officer as well as the CEO Employee Stock Option Plan 2008 was also transferred
to the Company.
Further, effective from April 01, 2009 the Cash management business of
CMS Securitas Limited was merged in the Company.
REVIEW OF OPERATION
The year was a decent year for the growth of the company and
customer traction continued to be good. The Company showed an improvement in
business as compared to the previous year. During the period, the Company was
able to maintain profitable operations for the Company.
FIXED ASSETS
·
Plant and Machinery
·
Electrical Installation
·
Furniture, Fixtures and
Fittings
·
Vehicles
·
Office Equipments
·
Computer systems and
peripherals
·
Goodwill
·
Computer software
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 records 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 records 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. 60.70 |
|
|
1 |
Rs. 100.97 |
|
Euro |
1 |
Rs. 84.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.