MIRA INFORM REPORT
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Report No. : |
315669 |
|
Report Date : |
02.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
LDS INFOTECH PRIVATE LIMITED |
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Registered
Office : |
707, "Sahar Windfall", Sahar Plaza Complex,
Andheri Kurla Road, J.B. Nagar, Andheri (East), Mumbai – 400059, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
06.05.1999 |
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Com. Reg. No.: |
11-119747 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.500 Million |
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CIN No.: [Company Identification
No.] |
U72100MH1999PTC119747 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUML03100G |
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PAN No.: [Permanent Account No.] |
AAACL4239K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
They are into trading of computer and computers peripherals they also provide networking solution. |
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No. of Employees
: |
80 (Approximately) |
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 |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered for 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Vibhooti Mishra |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-42310310 |
|
Date : |
31.03.2015 |
LOCATIONS
|
Registered Office / Head Office : |
707, "Sahar Windfall", Sahar Plaza Complex,
Andheri Kurla Road, J.B. Nagar, Andheri (East), Mumbai – 400059, Maharashtra,
India |
|
Tel. No.: |
91-22-42310310/ 26849192 |
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Fax No.: |
91-22-42310300/ 26849192 |
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E-Mail : |
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Website : |
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Branch Office 1 : |
S-210, 2nd Floor, Ashoka Mall, Bund Garden Road, Opposite
Sun-N-Sand Hotel, Pune – 411001, Maharashtra, India |
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Tel No.: |
91-20-41257775 |
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Email: |
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Branch Office 2 : |
Unit No. 206, M.B Centre, 134 Infantry Road, Bangalore – 560001,
Karnataka, India |
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Tel No.: |
91-80-41238671/8672 |
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Fax No.: |
91-80-41238673 |
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Email: |
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Warehouse : |
A/505, Plot No. 45/46, Silver Park Building, Sector 36, Kamothe, Navi
Mumbai-410209, Maharashtra, India |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Amarnath Laxman Shetty |
|
Designation : |
Director |
|
Address : |
3B 405 Dheeraj Enclave, Borivali – 400066, Mumbai – 400066, |
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Date of Birth/Age : |
30.10.1965 |
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Date of Appointment : |
22.08.2000 |
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Din No.: |
00813041 |
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|
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Name : |
Mr. Jagannatha Laxmana Shetty |
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Designation : |
Director |
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Address : |
B 305, Green Field, Thakur Complex, Kandivali (East) Mumbai, |
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Date of Birth/Age : |
01.06.1962 |
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Date of Appointment : |
06.05.1999 |
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Din No.: |
02044085 |
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|
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Name : |
Ms. Shailaja Amarnath Shetty |
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Designation : |
Director |
|
Address : |
3B 405 Dheeraj Enclave, Borivali – 400066, Mumbai – 400066, |
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Date of Birth/Age : |
16.08.1973 |
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Date of Appointment : |
06.05.1999 |
|
Din No.: |
00815046 |
KEY EXECUTIVES
|
Name : |
Mr. Vibhooti Mishra |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Amarnath Laxman Shetty |
46000 |
92.00 |
|
Shailaja Amarnath Shetty |
3900 |
7.80 |
|
Jagannatha Laxman Shetty |
100 |
0.20 |
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|
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TOTAL
|
50000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
They are into trading of computer and computers peripherals they also provide networking solution. |
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Products : |
--- |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
80 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Arora and Arora Chartered Accountants |
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Address : |
Dhanlaxmi, |
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Tel. No.: |
91-22-26166915/ 26114821 |
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PAN No: |
AABFA2147F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
33.806 |
28.888 |
24.134 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds (1) + (2) |
34.306 |
29.388 |
24.634 |
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
0.231 |
0.593 |
0.000 |
|
(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) |
0.231 |
0.593 |
0.000 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.001 |
4.000 |
4.000 |
|
(b) Trade payables |
93.061 |
88.789 |
45.119 |
|
(c) Other current
liabilities |
5.908 |
6.743 |
9.186 |
|
(d) Short-term
provisions |
2.212 |
1.617 |
1.153 |
|
Total Current
Liabilities (4) |
101.182 |
101.149 |
59.458 |
|
|
|
|
|
|
TOTAL |
135.719 |
131.130 |
84.092 |
|
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|
|
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
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|
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|
(a) Fixed Assets |
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|
|
|
(i) Tangible assets |
3.075 |
3.706 |
2.085 |
|
(ii) Intangible Assets |
0.280 |
0.192 |
0.313 |
|
(iii) Capital
work-in-progress |
1.101 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.644 |
3.524 |
3.704 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
12.100 |
7.422 |
6.102 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.005 |
|
(b) Inventories |
4.621 |
6.702 |
7.133 |
|
(c) Trade receivables |
97.358 |
81.285 |
49.955 |
|
(d) Cash and cash
equivalents |
8.375 |
15.678 |
7.022 |
|
(e) Short-term loans
and advances |
13.265 |
20.043 |
13.870 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.005 |
|
Total Current Assets |
123.619 |
123.708 |
77.990 |
|
|
|
|
|
|
TOTAL |
135.719 |
131.130 |
84.092 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
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|
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TURNOVER |
477.671 |
441.853 |
352.562 |
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EXPENSES |
|
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TOTAL |
NA |
NA |
NA |
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|
PROFIT / (LOSS)
BEFORE TAX |
7.427 |
7.254 |
5.962 |
|
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|
TAX |
2.509 |
2.500 |
2.012 |
|
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PROFIT / (LOSS)
AFTER TAX |
4.918 |
4.754 |
3.950 |
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|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
98.36 |
95.08 |
79.00 |
|
Expected Sales (2014-2015): Rs. 800.000 Million
The above information has been parted by Mr. Vibhooti Mishra.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
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|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.52 |
5.53 |
7.09 |
|
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.25 |
0.24 |
|
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|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.16 |
0.16 |
|
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|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
1.22 |
1.31 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
24.134 |
28.888 |
33.806 |
|
Net worth |
24.634 |
29.388 |
34.306 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.593 |
0.231 |
|
Short term borrowings |
4.000 |
4.000 |
0.001 |
|
Total borrowings |
4.000 |
4.593 |
0.232 |
|
Debt/Equity ratio |
0.162 |
0.156 |
0.007 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Turnover |
352.562 |
441.853 |
477.671 |
|
|
|
25.326 |
8.106 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Turnover |
352.562 |
441.853 |
477.671 |
|
Profit |
3.950 |
4.754 |
4.918 |
|
|
1.12% |
1.08% |
1.03% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
0.362 |
0.323 |
NA
|
|
|
|
|
|
|
Total |
0.362 |
0.323 |
NA
|
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
OPERATIONS:
During the year the Company has earned profit before tax of Rs. 7.427 Million- and after providing for Rs. 2.509 Million on account of Income Tax, net profit available to the equity shareholders is Rs. 4.918 Million Turnover of the Company during the year was Rs. 477.671 Million (previous years Rs.441.853 Million). In spite of marginal turnover growth and considering the scope of Information and technology industry in the existing Indian economy, the directors are very hopeful to have best share of the total software business partners and authorized distributors of major software development companies such as Microsoft, Abode, and Oracle etc.
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loan from Others |
0.001 |
4.000 |
|
|
|
|
|
Total |
0.001 |
4.000 |
INDEX
OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90145257 |
30/06/2004 |
750,000.00 |
THE UNITED WESTERN
BANK LIMITED |
KANDIVALI EAST,
MUMBAI, MAHARASHTRA - 400101, INDIA |
- |
FIXED ASSETS:
- Computer Hardware
- Office Equipment
- Furniture and Fixture
- Vehicle
- 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 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.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.