MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

NET CHECK SOLUTIONS (INDIA) PRIVATE LIMITED 

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEN05127D

 

 

PAN No.:

[Permanent Account No.]

AABCN7781K

 

 

Legal Form :

Subject is engaged in Erection, Commissioning and Installation of Switches, Racks, UPS, Cables, invertors, etc. and also contractor of Cable Networking.

 

 

No. of Employees :

Information denied by management

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in Erection, Commissioning and Installation of Switches, Racks, UPS, Cables, invertors, etc. and also contractor of Cable Networking.

 

 

GENERAL INFORMATION

 

No. of Employees :

Information denied by management

 

 

Bankers :

HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. in Millions

31.03.2012

Rs. in Millions

Long Term Borrowings

 

 

Vehicle Loan A/c. 99901933 – Skoda

(Secured against Skoda Car)

0.350

0.878

Vehicle Loan A/c. 99901933 – Fortuner

(Secured against Toyota Fortuner Car)

0.406

0.929

Machine Loan A/c-3398739

(Secured against Machinery)

1.067

1.622

Short Term Borrowings

 

 

Bank of Maharashtra OD A/c – 1402

(Secured against fixed deposit. Interest Rate @10%)

41.871

38.417

Punjab National Bank OD A/c – 96/630

(Secured against fixed deposit. Interest Rate @10%)

91.565

86.986

Punjab National Bank OD A/c – 96/1251

(Secured against fixed deposit. Interest Rate @10%)

33.117

29.700

Punjab National Bank OD A/c – 96/1297

(Secured against fixed deposit. Interest Rate @10%)

9.664

9.744

Total

178.040

168.276

 

UNSECURED LOANS

31.03.2013

Rs. in Millions

31.03.2012

Rs. in Millions

Long Term Borrowings

 

 

From Directors

31.503

35.017

From Relatives

8.903

5.810

Total

40.406

40.827

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

B Smart and Associates

Chartered Accountants

Address :

1909/2 , 1st Floor , Ram-Dhwaj Commercial Complex, 732/B, Satara Road, Above Rupee Bank, Pune – 411037, Maharashtra, India 

Tel. No.:

91-22-20-2421131/ 41/ 51

Mobile No.:

91-9822202890

PAN No.:

AAFFP2146R

 

 

Related Parties:

·         Santosh Enterprises

·         Rajadhiraj Developers

 

 

MAJOR SHAREHOLDERS

 

Names of Shareholders

 

No. of Shares

Laxman Ganpatrao Pasalkar

 

85987

Vaishali Mohan Pasalkar

 

114649

Subhadra Laxman Pasalkar

 

28662

Mohan Laxman Pasalkar

 

229299

Arvind Laxman Pasalkar

 

114649

Total

 

573246

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

5.732

5.732

5.732

(b) Reserves & Surplus

90.834

86.408

76.423

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

96.566

92.140

82.155

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

42.229

44.256

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.762

0.554

3.335

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

42.991

44.810

3.335

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

176.217

164.847

158.893

(b) Trade payables

130.862

162.198

111.154

(c) Other current liabilities

5.622

44.656

77.609

(d) Short-term provisions

0.000

0.004

7.239

Total Current Liabilities (4)

312.701

371.705

354.895

 

 

 

 

TOTAL

452.258

508.655

440.385

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

10.238

11.772

10.678

(ii) Intangible Assets

0.235

0.386

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

204.197

180.790

122.822

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

214.670

192.948

133.500

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

57.704

42.103

2.720

(c) Trade receivables

172.949

268.791

293.093

(d) Cash and cash equivalents

0.656

0.713

0.709

(e) Short-term loans and advances

6.279

4.100

10.363

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

237.588

315.707

306.885

 

 

 

 

TOTAL

452.258

508.655

440.385

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

 

SALES

 

 

 

Income

 

 

 

 

 

Other Income

 

 

 

 

 

TOTAL                                     (A)

173.394

210.260

423.970

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                     (B)

142.837

172.317

392.598

 

 

 

 

 

 

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

30.557

37.943

31.372

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

21.067

20.292

8.816

 

 

 

 

 

 

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

9.490

17.651

22.556

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

2.454

2.708

1.515

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)                 (G)           

7.036

14.943

21.041

 

 

 

 

 

Less

TAX                                                                  (H)

2.610

4.958

7.239

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX (G-H)                  (I)

4.426

9.985

13.802

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

0.000

0.000

0.590

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

7.72

17.42

24.08

 

 

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

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

RBI DEFAILTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office :

689/7, Bibweewadi Veerbajipasalkar Nagar, Pune – 411037, Maharashtra, India

Tel. No.:

91-20-30201575/ 24214375

Fax No.:

Not Available

E-Mail :

office@chandakcs.com

accounts@netcheckindia.com

Website :

www.netcheckindia.com

Location :

Owned

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.