MIRA
INFORM REPORT
|
Report Date : |
22.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
DATAMINI TECHNOLOGIES (INDIA) LIMITED |
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|
|
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Formerly Known
As : |
GES TECHNOLOGIES LIMITED ROYAL INFORMATION TECHNOLOGIES LIMITED (w.e.f. 23.05.1993) ROYAL INFORMATION TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
Unit No. 101/104, SDF IV, SEEPZ, Andheri (East), Mumbai – 400 096,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
07.01.1991 |
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Com. Reg. No.: |
11-059702 |
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Capital
Investment / Paid-up Capital : |
Rs.19.150 Millions |
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CIN No.: [Company Identification
No.] |
U30007MH1991PLC059702 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR08240B |
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PAN No.: [Permanent Account No.] |
AABCG3515E |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Computer Systems and Accessories and
Tablet PC. |
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 410000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2013 but the documents related to the financials
are not available from any source. Ms. Vijaya, Accounts Executive provided general information and also
informed that company achieved sales turnover of Rs.1340.000 Millions in the
year 2012-2013, which is not verified. As per financials of 2012, profitability of the company is low. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1 million
Indian tourists in 2012), Thailand (one million), the United Arab Emirates
().98 million) and Malaysia ().82 million) emerged as the preferred holidays
hotspots for Indians. The total figure is expected to increase to 1.93 million
by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 : |
Ms. Vijaya |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-28290296 |
|
Date : |
20.05.2014 |
LOCATIONS
|
Registered / Head Office : |
Unit No. 101/104, SDF IV, SEEPZ, Andheri (East), Mumbai – 400 096,
Maharashtra, India |
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Tel. No.: |
91-22-28290296 / 28324697 / 40428888 |
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Fax No.: |
91-22-28290145 / 28213296 |
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E-Mail : |
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Website : |
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Area : |
3500 Sq. Ft |
|
Location : |
Rented |
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Factory : |
Unit No. 2, Amita Complex, Opposite Laxman Weigh Bridge, Dapoda Road, Val
Village, Anjur Phata, Taluka Bhiwandi, District Thane, Maharashtra, India |
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|
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Service Centre : |
C-117, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (East), Mumbai - 400 072, Maharashtra, India |
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Tel. No.: |
91-22-32568511/ 28473782/ 28476071/ 40053782 |
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E-Mail : |
gesservice@datamini.co.in
(Customer Support) |
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|
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Warehouse : |
Unit No. 1, Ground Floor, Amita Complex, Opposite Laxman Weigh Bridge,
Dapoda Road, Val Village, Anjur Phata, Taluka Bhiwandi, District Thane,
Maharashtra, India |
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E-Mail : |
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Branch Office : |
·
Bangalore: 253-58,1st Floor,Sajjan Rao Circle .Chakravarthy
Complex V. V. Puram, Banglore – 560
004, Karnataka India Tel No.: 91-80-41554358 Email : gesbang@datamini.co.in ·
Kolkata: 3D, 3rd Floor, Anurag Apartments, 125
Rahasbihary Avenue, Kolkata – 700029,
West Bengal, India Email : pratik@datamini.co.in ·
Hyderabad: 376,3rd Floor, Chenoy Trade
Centre
Park Lane, Secunderabad – 500003 Tel No.: 91-40-27840567 Email : geshyd@datamini.co.in ·
New
Delhi: 23, CSC, E- Block , East of Kailash , New Delhi -110065, India Tel No.: 91-11-30823410 |
DIRECTORS
As on 21.09.2012
|
Name : |
Mr. Pitamber Gopaldas Ahuja |
|
Designation : |
Director |
|
Address : |
Flat No.14, Navbahar Building, Plot No.464, S.S. VIII, 15th
road, Khar (West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
24.06.1954 |
|
Date of Appointment : |
19.07.1991 |
|
DIN No.: |
00012549 |
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|
|
|
Name : |
Mr. Kunal Pitamber Ahuja |
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Designation : |
Director |
|
Address : |
502, Gabbana House, 15th Road, Khar (West), Mumbai –
400062, Maharashtra, India |
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Date of Birth/Age : |
21.05.1987 |
|
Date of Appointment : |
16.01.2006 |
|
DIN No.: |
00007073 |
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|
|
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Name : |
Mr. Naresh Ramlabhaya Kapoor |
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Designation : |
Director |
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Address : |
# 45-07, International Plaza, 10, Anson Road, Singapore – 079903, Singapore |
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Date of Birth/Age : |
15.08.1947 |
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Date of Appointment : |
22.04.1993 |
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DIN No.: |
00046554 |
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|
|
|
Name : |
Mrs. Prerna Naresh Kapoor |
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Designation : |
Director |
|
Address : |
# 45-07, International Plaza, 10, Anson Road, Singapore – 079903,
Singapore |
|
Date of Birth/Age : |
25.02.1982 |
|
Date of Appointment : |
16.01.2006 |
|
DIN No.: |
00047262 |
KEY EXECUTIVES
|
Name : |
Mr. Deepal Varia |
|
Designation : |
Account Executive |
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|
|
|
Name : |
Ms. Vijaya |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
As on 21.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ahuja Gopaldas Pitamber HUF |
|
12500 |
|
Ahuja Pitamber Krati |
|
195521 |
|
Ahuja Pitamber Kunal |
|
25000 |
|
Ahuja Pitamber Kunal |
|
120000 |
|
Ahuja Pitamber Kunal |
|
154521 |
|
Ahuja Gopaldas Pitamber |
|
282200 |
|
Ahuja Gopaldas Pitamber |
|
50350 |
|
Ahuja Pitamber Nikita |
|
103300 |
|
Ahuja Pitamber Nikita |
|
28500 |
|
Valona Technologies Pte Limited, Singapore |
|
150000 |
|
Valona Technologies Pte Limited, Singapore |
|
133200 |
|
Valona Technologies Pte Limited, Singapore |
|
334885 |
|
Asha Kapoor |
|
325043 |
Equity Share Break up (Percentage of Total Equity)
As on 21.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
32.28 |
|
Directors or relatives of Directors |
67.72 |
|
Total |
100.00 |
%20LIMITED%20-%20268452_MIRA%2022-May-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Computer Systems and Accessories and Tablet
PC. |
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Products : |
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Brand Names : |
“DATAMINI” |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Singapore ·
Hong Kong |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
China ·
Hong Kong |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
· Central Bank of India, SEEPZ Branch, Marol, Andheri (East), Mumbai – 400 096, Maharashtra, India Tel. No.: 91-22-22824011 · Punjab National Bank, Offshore Banking Unit, Seepz, Andheri (East), Mumbai – 400096, Maharashtra, India · Union Bank of India, Mumbai Samachar Marg Branch, 66/80 Mumbai Samachar Marg, Fort, Mumbai – 400 023, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
V.C. Shah and Company Chartered Accountants |
|
Address : |
3rd Floor, Rajgir Chambers, 12/ 14, Sahid Bhagat Singh
Road, Opposite Old Custom House, Mumbai – 400 001, Maharashtra, India |
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Tel. No.: |
91-22-22634021 |
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Fax No.: |
91-22-22662667 |
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PAN No.: |
AADFV8088N |
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Associates : |
· DCPL Compuwiz Private Limited CIN No.: U72900MH2008PTC189173 ·
Riddhi Enterprise · Orbit Peripherals Pte Limited, Singapore |
CAPITAL STRUCTURE
As on 21.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
||
|
|
|
|
|
||
|
1915030 |
Equity Shares |
Rs.10/- each |
Rs.19.150
Millions |
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
19.150 |
19.150 |
|
(b) Reserves & Surplus |
|
84.205 |
81.724 |
|
(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) |
|
103.355 |
100.874 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1.343 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
3.497 |
4.003 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
1.766 |
1.407 |
|
Total Non-current Liabilities (3) |
|
6.606 |
5.410 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
13.378 |
0.000 |
|
(b) Trade payables |
|
109.860 |
165.357 |
|
(c) Other current
liabilities |
|
1.856 |
1.601 |
|
(d) Short-term provisions |
|
1.938 |
2.328 |
|
Total Current Liabilities (4) |
|
127.032 |
169.286 |
|
|
|
|
|
|
TOTAL |
|
236.993 |
275.570 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
21.351 |
18.790 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.500 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.078 |
0.526 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
21.429 |
19.816 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
21.707 |
29.107 |
|
(c) Trade receivables |
|
133.888 |
209.310 |
|
(d) Cash and cash
equivalents |
|
21.238 |
8.080 |
|
(e) Short-term loans and
advances |
|
2.435 |
3.598 |
|
(f) Other current assets |
|
36.296 |
5.659 |
|
Total Current Assets |
|
215.564 |
255.754 |
|
|
|
|
|
|
TOTAL |
|
236.993 |
275.570 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
19.150 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
81.724 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
100.874 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.003 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
104.877 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
18.790 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.500 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
29.106
|
|
|
Sundry Debtors |
|
|
201.116
|
|
|
Cash & Bank Balances |
|
|
8.080
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
16.002
|
|
Total
Current Assets |
|
|
254.304
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
165.334
|
|
|
Other Current Liabilities |
|
|
1.779
|
|
|
Provisions |
|
|
7.022
|
|
Total
Current Liabilities |
|
|
174.135
|
|
|
Net Current Assets |
|
|
80.169
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
5.418 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
104.877 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
||
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SALES |
|
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||
|
|
|
Income |
1,226.170 |
1,166.303 |
1006.014 |
|
|
|
|
Other Income |
2.786 |
2.194 |
3.937 |
|
|
|
|
TOTAL (A) |
1,228.956 |
1,168.497 |
1,009.951 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
17.622 |
4.085 |
|
|
|
|
|
Purchase of Stock-in-trade |
1,175.294 |
1,130.123 |
|
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
0.455 |
0.591 |
|
|
|
|
|
Employee Benefits Expenses |
13.955 |
11.579 |
|
|
|
|
|
Other Expenses |
12.819 |
14.042 |
|
|
|
|
|
Prior period Items |
0.000 |
0.732 |
|
|
|
|
|
Extraordinary Items |
1.354 |
0.683 |
|
|
|
|
|
TOTAL .
(B) |
1,221.499 |
1,161.835 |
1,000.738 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7.457 |
6.662 |
9.213 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
0.552 |
0.615 |
2.871 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
6.905 |
6.047 |
6.342 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
2.878 |
2.907 |
3.401 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
4.027 |
3.140 |
2.941 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
1.546 |
1.608 |
0.989 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
2.481 |
1.532 |
1.952 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
51.058 |
49.526 |
47.575 |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
53.539 |
51.058 |
49.526 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
56.922 |
419.063 |
97.549 |
|
|
|
|
For Services |
0.000 |
0.000 |
0.567 |
|
|
|
TOTAL EARNINGS |
56.922 |
419.063 |
98.116 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
24.129 |
213.328 |
222.513 |
|
|
|
TOTAL IMPORTS |
24.129 |
213.328 |
222.513 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
1.30 |
0.80 |
1.02 |
||
%20LIMITED%20-%20268452_MIRA%2022-May-2014_files/image003.gif){kind=small}
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1340.000 |
The above information has been parted by Ms. Vijaya
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.20 |
0.13 |
0.19 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.33 |
0.27 |
0.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.70 |
1.14 |
1.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.14 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.70 |
1.51 |
1.46 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs. In
Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
19.150 |
19.150 |
19.150 |
|
Reserves & Surplus |
81.724 |
81.724 |
84.205 |
|
Net
worth |
100.874 |
100.874 |
103.355 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
1.343 |
|
Short term borrowings |
0.000 |
0.000 |
13.378 |
|
Total
borrowings |
0.000 |
0.000 |
14.721 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.142 |
%20LIMITED%20-%20268452_MIRA%2022-May-2014_files/image005.gif)
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 |
|
Sales |
1,006.014 |
1,166.303 |
1,226.170 |
|
|
|
15.933 |
5.133 |
%20LIMITED%20-%20268452_MIRA%2022-May-2014_files/image007.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
1,006.014 |
1,166.303 |
1,226.170 |
|
Profit |
1.952 |
1.532 |
2.481 |
|
|
0.19% |
0.13% |
0.20% |
%20LIMITED%20-%20268452_MIRA%2022-May-2014_files/image009.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current maturities of long term debt |
0.279 |
0.000 |
0.000 |
|
Total |
0.279 |
0.000 |
0.000 |
|
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
four 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 |
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
HIGHLIGHT ON
OPERATIONS
During the year
the Company has achieved a turnover of Sales and Services of Rs.1226.170
Millions. During the year, the company has been able to penetrate successfully
Government / Semi Government Segment. The company has made an operational
profit of Rs.5.349 Millions. The Operational Profit of the company during the
year has been affected primarily due to the recession in the economy.
CURRENT YEAR OUTLOOK:
During the year
the company has focused its attention on Government / Semi-Government segment,
having already established the brand “DATAMINI” with Dealer / Channel Network,
System Integrators and Corporate. The Directors have been concentrating to
market NOTEBOOK COMPUTERS for better margin realizations. Having already
established the brand, the company has been able to successfully penetrate the
market for sale of NOTEBOOK COMPUTERS under the same brand “DATAMINI”. During
the year, the company has been able to renew the “RATE CONTRACT” with DGS&D
(Directorate General for supply and disposal) which has enhanced the company’s
business and has provided the opportunity to penetrate the Government / Semi
Government undertakings
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10359562 |
17/02/2014 * |
65,000,000.00 |
Central Bank of India |
Seepz , M.I.D.C.
Marol, Andheri (East),Mumbai, |
B98905748 |
|
2 |
80003499 |
18/03/2006 * |
10,500,000.00 |
Central Bank of India |
Seepz , M.I.D.C.
Marol, Andheri (East),Mumbai, |
A01004365 |
|
3 |
80003501 |
18/03/2006 * |
10,000,000.00 |
Central Bank of India |
Seepz , M.I.D.C.
Marol, Andheri (East),Mumbai, |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.58.77 |
|
|
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.80.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
34 |
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.