MIRA INFORM REPORT
|
Report No. : |
320198 |
|
Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
CMS INFO SYSTEMS LIMITED (w.e.f. 27.01.2015) |
|
|
|
|
Formerly Known
As : |
CMS INFO SYSTEMS PRIVATE LIMITED (w.e.f.10.12.2008) SUBHIKSHA
REALTY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
CMS House, Plot No. 91, Street No.7, MIDC Marol, Andheri (East),
Mumbai – 400093, Maharashtra |
|
Tel. No.: |
91-22-30888881/ 5/ 30888853/ 67553101 / 30837272 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.03.2008 |
|
|
|
|
Com. Reg. No.: |
11-180479 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1617.752 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2008PLC180479 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC16860E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAMCS2311K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
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 personalisation services. The Company is also engaged in providing ATM and Cash Management Business. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behavior : |
Regular |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track. The company has reported another good financial year performance where
it has decent profit margin and fair liquidity position. The company has healthy
financial risk profile marked by good networth and low gearing during FY2014.
Overall fundamentals are good. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitment. In the view of aforesaid, subject can be considered good 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 |
ICRA |
|
Rating |
Long term rating : A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
June, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating : A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
June, 2014 |
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 DECLINED
Management non co-operative
Contact No.: 91-22-67553100
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 21.10.2014
|
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, B B 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 |
|
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 : |
C -1306, Oberoi Splendor, Jogeshwari Vikhroli, Link Road, Opposite Majas, Depo, Jogeshwari (East), Mumbai - 400060, Maharashtra, India |
|
Date of Birth/Age : |
30.10.1975 |
|
Qualification : |
CA, CS, ICWAI |
|
Date of Appointment : |
25.06.2012 |
|
DIN No.: |
05313886 |
|
|
|
|
Name : |
Mr. Amit Jain |
|
Designation : |
Director |
|
Address : |
Flat No. 0904, 9th Floor, Tower 1-A, Ashok Gardens, Co. Housing Society, Tokersey Jivraj Marg, Sewree, Mumbai - 400015, Maharashtra, India |
|
Date of Appointment : |
08.08.2014 |
|
DIN No.: |
06917608 |
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 : |
Pankaj Khandelwal |
|
Designation : |
President & CFO |
|
Qualification : |
CA & LLB |
|
Experience : |
22 Years |
|
Date of Appointment : |
08-05-2006 |
|
|
|
|
Name : |
Mr. Anup Neogi |
|
Designation : |
Sr. Vice President And Chief Operating Officer |
|
Qualification : |
B. A. / DBM |
|
Date of Appointment : |
03.03.2011 |
|
|
|
|
Name : |
Manjunath Rao |
|
Designation : |
Senior V.P. |
|
Qualification : |
B. Sc |
|
Experience : |
27 Years |
|
Date of Appointment : |
02-07-2012 |
|
|
|
|
Name : |
Alex Augustine |
|
Designation : |
Sr. VP & Head Human Resources |
|
Qualification : |
M.A, BSLC |
|
Date of Appointment : |
04-02-2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.10.2014
|
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 21.10.2014
|
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 : |
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 personalisation services. The Company is also engaged in providing ATM and Cash Management Business. |
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|
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Products : |
Not Divulged |
|
|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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|
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Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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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 |
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Facilities : |
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Auditors : |
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|
Name : |
S R Batliboi and Associates LLP 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 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are
partners with Key management
personnel and their relatives: |
|
|
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Subsidiary
Companies : |
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|
|
|
|
Fellow Subsidiary
Company : |
Gokaldas Exports Limited [L18101KA2004PLC033475] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
148000000 |
Equity Shares |
Rs.10/- each |
Rs. 1480.000 Million |
|
1500000 |
0.01% Optionally Convertible Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs. 150.000 Million |
|
|
Total |
|
Rs. 1630.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
146775190 |
Equity Shares |
Rs.10/- each |
Rs. 1467.752
Million |
|
1500000 |
0.01% Optionally Convertible Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs. 150.000 Million |
|
|
Total |
|
Rs. 1617.752 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 |
1617.752 |
1617.752 |
1617.752 |
|
(b) Reserves &
Surplus |
3699.145 |
2981.143 |
2178.839 |
|
(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) |
5316.897 |
4598.895 |
3796.591 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
115.084 |
97.483 |
114.501 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
4.372 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
588.548 |
|
(d) long-term provisions |
0.000 |
0.000 |
28.772 |
|
Total Non-current
Liabilities (3) |
115.084 |
101.855 |
731.821 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
399.423 |
267.329 |
290.308 |
|
(b) Trade payables |
2802.810 |
637.576 |
672.945 |
|
(c) Other current
liabilities |
1870.964 |
1401.772 |
898.784 |
|
(d) Short-term provisions |
165.751 |
105.834 |
42.494 |
|
Total Current Liabilities
(4) |
5238.948 |
2412.511 |
1904.531 |
|
|
|
|
|
|
TOTAL |
10670.929 |
7113.261 |
6432.943 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
961.635 |
845.576 |
808.822 |
|
(ii) Intangible Assets |
1054.727 |
1052.199 |
1050.263 |
|
(iii) Capital
work-in-progress |
22.651 |
75.177 |
64.652 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1221.019 |
1282.855 |
1267.855 |
|
(c) Deferred tax assets
(net) |
95.571 |
66.910 |
22.893 |
|
(d) Long-term Loan and Advances |
566.141 |
409.164 |
364.789 |
|
(e) Other Non-current
assets |
13.102 |
24.803 |
65.655 |
|
Total Non-Current Assets |
3934.846 |
3756.684 |
3644.929 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1883.397 |
120.381 |
127.804 |
|
(c) Trade receivables |
2615.820 |
1759.688 |
1525.200 |
|
(d) Cash and cash
equivalents |
49.542 |
132.978 |
68.885 |
|
(e) Short-term loans and
advances |
755.464 |
493.951 |
663.887 |
|
(f) Other current assets |
1431.860 |
849.579 |
402.238 |
|
Total Current Assets |
6736.083 |
3356.577 |
2788.014 |
|
|
|
|
|
|
TOTAL |
10670.929 |
7113.261 |
6432.943 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
9526.736 |
|
6914.414 |
|
|
Other Income |
|
|
|
|
|
TOTAL |
9526.736 |
7916.722 |
6914.414 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
8470.479 |
6721.501 |
6264.245 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
|
|
|
Employees benefits
expense |
|
|
|
|
|
Other expenses |
|
|
|
|
|
TOTAL |
8470.479 |
6721.501 |
6264.245 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1056.257 |
1195.221 |
650.169 |
|
|
|
|
|
|
|
Less |
TAX |
338.219 |
392.883 |
199.730 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
718.038 |
802.338 |
450.439 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Service and Maintenance charges |
8.213 |
14.623 |
10.308 |
|
|
TOTAL EARNINGS |
8.213 |
14.623 |
10.308 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
4.84 |
5.41 |
--- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.32 |
21.01 |
12.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.26 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.10 |
0.08 |
0.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
1.39 |
1.46 |
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 |
1617.752 |
1617.752 |
1617.752 |
|
Reserves & Surplus |
2178.839 |
2981.143 |
3699.145 |
|
Net worth |
3796.591 |
4598.895 |
5316.897 |
|
|
|
|
|
|
long-term borrowings |
114.501 |
97.483 |
115.084 |
|
Short term borrowings |
290.308 |
267.329 |
399.423 |
|
Total borrowings |
404.809 |
364.812 |
514.507 |
|
Debt/Equity ratio |
0.107 |
0.079 |
0.097 |
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) |
|
Total Income |
6914.414 |
7916.722 |
9526.736 |
|
|
|
14.496 |
20.337 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
6914.414 |
7916.722 |
9526.736 |
|
Profit |
450.439 |
802.338 |
718.038 |
|
|
6.51% |
10.13% |
7.54% |
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 |
261.488 |
100.985 |
176.826 |
|
|
|
|
|
|
Total |
261.488 |
100.985 |
176.826 |
|
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 |
10555587 |
10/03/2015 |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
C46977864 |
|
2 |
10528080 |
14/10/2014 |
11,255,343.00 |
KOTAK MAHINDRA BANK LIMITED |
27 BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BAND |
C31462971 |
|
3 |
10550220 |
10/10/2014 |
9,997,434.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR |
C44157055 |
|
4 |
10550218 |
25/09/2014 |
18,894,656.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR |
C44156123 |
|
5 |
10519758 |
27/08/2014 |
10,557,660.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR |
C20467791 |
|
6 |
10511967 |
20/06/2014 |
15,707,890.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR |
C14413462 |
|
7 |
10452679 |
30/09/2013 |
13,787,475.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B86498888 |
|
8 |
10448725 |
11/09/2013 |
11,837,050.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B84818053 |
|
9 |
10441725 |
31/07/2013 |
12,769,414.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B81528952 |
|
10 |
10436124 |
05/07/2013 |
27,173,240.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B79305389 |
* Date of charge modification
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Working capital loans from banks |
37.367 |
0.000 |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
100.000 |
0.000 |
|
Total |
137.367 |
0.000 |
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
The Company is a company domiciled in India and incorporated under the provisions of the Companies Act, 1956 (the ‘Act’). 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 personalisation services. The Company is also engaged in providing ATM and Cash Management Business. During the current year, the Company has entered into contract for supply, installation and maintenance of ATM and cash deposit machines.
The Company, CMS IT Services Private Limited and its shareholders have entered into a Scheme of Arrangement (the ‘Scheme’) whereby the IT and the Print Division business of the Company would be demerged and transferred to CMS IT Services Private Limited with effect from January 01, 2015 (Appointed Date). The scheme was approved by the Board of Directors of both the companies in the meetings held on September 22, 2014 and is filed with the Honorable High Court of Bombay for the necessary approvals.
REVIEW OF OPERATION
The year under report 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 year, 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 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. 63.20 |
|
|
1 |
Rs. 97.01 |
|
Euro |
1 |
Rs. 69.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--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.