MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

VINTECH ELECTRONIC SYSTEMS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Pnev04175D

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Dealers and Distributor of Computer Peripherals, Printer, Hardware and Software Products.

 

 

Products :

Hardware

·         Business PCs

·         Business Notebooks

·         Handhelds, PDAs and Smart Phones

·         Workstations

·         Servers

·         Imaging and Printing Products

·         Networking

·         Power Protection Products

·         Storage

·         Genuine Accessories and Option

 

Software

·         Microsoft OEM Products

·         Microsoft Volume Licensing

·         Antivirus

·         HP Software

 

Office Automation

·         Photo copiers

·         Projectors

·         Fax machines

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

·         The Cosmos Co-operative Bank Limited (Kothrud Branch), 269/270, Shaniwar Peth, Pune-411030, Maharashtra, India

·         HDFC Bank, S.V. Road, Pune, Maharashtra, India

·         ICICI Bank, Bhandarkar Road, Pune, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Term Loan

 

 

From Banks

24.115

18.430

 

 

 

Total

24.115

18.430

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Achyut Ekhe and Company

Chartered Accountant

Address :

Flat No.3, Seoul-a, Co-operative Housing Society, Gandhibhavan Road, Kothrud, Pune-411038, Maharashtra, India

 

 

Sister Concern :

Phoebus Technologies Private Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2013

 

Names of Shareholders

No. of Shares

Chintamani Shyamrao Lele

500

Rajeev Shseshrao Patayeet

500

Chandan A Joshi

45

Dilip D Patil

45

Sushil V Kulkarni

45

 

 

TOTAL

1135

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

I.        EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.114

0.114

0.114

(b) Reserves & Surplus

34.088

31.641

17.060

(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)

34.202

31.755

17.174

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

24.115

18.430

8.226

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

24.115

18.430

8.226

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

29.725

21.677

27.825

(c) Other current liabilities

18.390

5.904

5.123

(d) Short-term provisions

2.447

3.072

2.275

Total Current Liabilities (4)

50.562

30.653

35.223

 

 

 

 

TOTAL

108.879

80.838

60.623

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

10.745

12.771

8.798

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.253

0.065

0.054

(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

10.998

12.836

8.852

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

4.492

1.971

0.957

(b) Inventories

6.051

5.812

4.667

(c) Trade receivables

36.172

23.767

18.794

(d) Cash and cash equivalents

0.181

0.772

2.705

(e) Short-term loans and advances

0.393

0.649

0.745

(f) Other current assets

50.592

35.031

23.903

Total Current Assets

97.881

68.002

51.771

 

 

 

 

TOTAL

108.879

80.838

60.623

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

284.984

278.181

 

 

Other Income

21.644

21.927

 

 

 

TOTAL                                     (A)

306.628

300.108

203.142

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

254.920

249.038

 

 

Employee Benefits Expenses

25.893

25.341

 

 

 

Other Administrative Expenses

9.349

8.330

196.230

 

 

Changes in Inventories of Finished Goods, Work in Progress and Stock in Trade

(0.238)

(1.145)

 

 

 

TOTAL                                     (B)

289.924

281.564

196.230

 

 

 

 

 

 

Less

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

16.704

18.544

 

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

2.858

2.561

[Including Financial Expenses and Depreciation]

 

 

 

 

 

 

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

13.846

15.983

 

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

2.375

1.414

 

 

 

 

 

 

 

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

11.471

14.569

6.912

 

 

 

 

 

Less

TAX                                                                  (H)

3.806

(0.011)

3.047

 

 

 

 

 

 

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

7.665

14.580

3.865

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

67.54

128.46

--

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS LIST STATUS

 

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

 

 

LOCATIONS

 

Registered Office :

15/A, Vrindavan No. 2 Co-operative Housing Society, Pashan, Pune – 411 008, Maharashtra, India 

Tel. No.:

91-20-25666233

Mobile No.:

91-9881724141 (Mr. Pradeep Kulkarni)

Fax No.:

91-20-25666235

E-Mail :

info@vintechin.com

Website :

www.vintechin.com

Area :

2000 Sq. fts

Location :

Owned

 

 

Corporate Office :

Flat No. A1 - A2, Ushahkal Shree Prajakta Co-operative Housing Society,
Deep Bunglow Chowk, Model Colony, Pune 411016, Maharashtra, India

Tel. No.:

91 -20 2566 6233/34/35

Fax No.:

91 -20 2566 6233/34/35

E-Mail :

info@vintechin.com

sales@vintechin.com

services@vintechin.com

 

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.