MIRA INFORM REPORT
|
Report No. : |
335201 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNISYS SOFTWARES AND HOLDING INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
75/C, Park Street, Kolkata – 700016, West Bengal |
|
Tel. No.: |
91-33-22295359/ 22299198 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
01.10.1992 |
|
|
|
|
Com. Reg. No.: |
21-056742 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 230.002 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L51909WB1992PLC056742 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALU01356F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC1191Q |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Software and
Hardware and Mobile Phones Trading. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Liquidity position of the company seems to be decent. However rating
also takes into consideration low profitability and unfavorable gap between
receivables and payables of the company. Trade relation reported to be fair. Business is active. Payment terms
are reported to be slow but correct. In the view of long track record of operations and extensive
experience of promoters, 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Ramesh |
|
Designation : |
Accounts Officer |
|
Contact No.: |
91-9930192750 |
|
Date : |
03.08.2015 |
LOCATIONS
|
Registered Office : |
75/C, Park Street, Kolkata – 700016, West Bengal, India |
|
Tel. No.: |
91-33-22295359/ 22299198 |
|
Mobile No.: |
91-9930192750 (Mr. Ramesh) |
|
Fax No.: |
91-33-22299198 |
|
E-Mail : |
|
|
|
|
|
Admin Office : |
105, Sagar Shopping Center, J P Road, Andheri [West], Mumbai – 400058,
Maharashtra, India |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Jagdish Prasad Purohit |
|
Designation : |
Chairman and Managing Director |
|
Address : |
6.1, Bijoy Mukherjee Lane, Bhawanipur, Kolkata - 700025, West Bengal, India |
|
Date of Appointment : |
01.06.1995 |
|
DIN No.: |
00083125 |
|
|
|
|
Name : |
Mr. Sushil Kumar Purohit |
|
Designation : |
Non-Executive Director |
|
Address : |
6.1, Bijoy Mukherjee Lane, Bhawanipur, Kolkata - 700025, West Bengal, India |
|
Date of Appointment : |
15.02.1996 |
|
DIN No.: |
00073684 |
|
|
|
|
Name : |
Mr. Ashok Bothra |
|
Designation : |
Independent Director |
|
Address : |
A-2.302, Tirupati Darashan, Balaji Nagar, Station Road, Bhayandar (West), Thane - 401101, Maharashtra, India |
|
Date of Appointment : |
20.02.2010 |
|
DIN No.: |
01734863 |
|
|
|
|
Name : |
Mr. Johar Pal Singh |
|
Designation : |
Independent Director |
|
Address : |
62.H.1, Keshab Chandra Sen Street, Kolkata - 700019, West Bengal, India |
|
Date of Appointment : |
13.08.2010 |
|
DIN No.: |
00113986 |
KEY EXECUTIVES
|
Name : |
Mr. Ramesh |
|
Designation : |
Accounts Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2015
|
Category of Shareholder |
Total
No. of Shares |
As a % |
|
(A)
Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
4559400 |
19.82 |
|
|
1000000 |
4.35 |
|
|
5559400 |
24.17 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
5559400 |
24.17 |
|
(B)
Public Shareholding |
|
|
|
|
|
|
|
|
100 |
0.00 |
|
|
100 |
0.00 |
|
|
|
|
|
|
13091631 |
56.92 |
|
|
|
|
|
|
318061 |
1.38 |
|
|
3883457 |
16.88 |
|
|
147551 |
0.64 |
|
|
146583 |
0.64 |
|
|
90 |
0.00 |
|
|
445 |
0.00 |
|
|
433 |
0.00 |
|
|
17440700 |
75.83 |
|
Total
Public shareholding (B) |
17440800 |
75.83 |
|
Total
(A)+(B) |
23000200 |
100.00 |
|
(C)
Shares held by Custodians and against which Depository Receipts have been
issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
23000200 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Software and
Hardware and Mobile Phones Trading. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Imports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Cheque |
|
|
|
|
Purchasing : |
L/C and Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
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Customers : |
Wholesalers and Retailers
|
||||||||||||||||||||||
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||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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||||||||||||||||||||||
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Bankers : |
· Axis Bank Limited Andheri (West), Lokhandwala, Mumbai, Maharashtra, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. S. Kedia and Company Chartered Accountants |
|
Address : |
8/1, Lal Bazar Street, 1st Floor, Room No. 8, Kolkata –
700001, West Bengal, India |
|
Tel. No.: |
91-33-22483696 |
|
Mobile No.: |
91-9831085849 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23,000,200 |
Equity Shares |
Rs. 10/- each |
Rs. 230.002 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
230.002 |
230.002 |
230.002 |
|
(b) Reserves & Surplus |
360.922 |
353.948 |
348.986 |
|
(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) |
590.924 |
583.950 |
578.988 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
157.516 |
133.260 |
0.000 |
|
(b)
Trade payables |
2869.469 |
2420.349 |
1179.823 |
|
(c)
Other current liabilities |
57.269 |
192.349 |
799.211 |
|
(d)
Short-term provisions |
3.295 |
3.185 |
2.003 |
|
Total
Current Liabilities (4) |
3087.549 |
2749.143 |
1981.037 |
|
|
|
|
|
|
TOTAL |
3678.473 |
3333.093 |
2560.025 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
9.024 |
13.535 |
20.302 |
|
(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 |
1772.746 |
1336.956 |
|
(c) Deferred tax assets
(net) |
0.000 |
1.600 |
1.836 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
1.364 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
10.388 |
1787.881 |
1359.094 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2392.502 |
98.845 |
55.434 |
|
(c)
Trade receivables |
579.475 |
379.389 |
192.213 |
|
(d)
Cash and cash equivalents |
2.014 |
13.193 |
1.617 |
|
(e)
Short-term loans and advances |
694.094 |
1053.785 |
951.667 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3668.085 |
1545.212 |
1200.931 |
|
|
|
|
|
|
TOTAL |
3678.473 |
3333.093 |
2560.025 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
4731.458 |
3853.818 |
3271.035 |
|
|
|
Other Operating Revenue |
33.069 |
19.518 |
20.885 |
|
|
|
TOTAL (A) |
4764.527 |
3873.336 |
3291.920 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
3842.221 |
3268.100 |
|
|
|
Purchases of Stock-in-Trade |
4731.781 |
0.000 |
0.000 |
|
|
|
Employees benefits expense |
1.869 |
1.962 |
1.830 |
|
|
|
Other expenses |
3.502 |
2.728 |
1.630 |
|
|
|
TOTAL (B) |
4737.152 |
3846.911 |
3271.560 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
27.375 |
26.425 |
20.360 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.840 |
11.511 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.535 |
14.914 |
20.360 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.511 |
6.767 |
10.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.024 |
8.147 |
10.211 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.295 |
3.185 |
2.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.729 |
4.962 |
8.102 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.16 |
0.22 |
0.35 |
|
Expected Sales (2015-2016): Rs. 5000.000 Million
The above information has been parted by Mr. Ramesh (Accounts Officer)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from operations |
NA |
302.141 |
(172.537) |
|
|
|
|
|
|
Net Cash From Operating Activities |
NA |
332.249 |
(141.968) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.08 |
0.13 |
0.25 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
0.58 |
0.69 |
0.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.19 |
0.52 |
0.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.01 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.27 |
0.23 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
0.56 |
0.61 |
STOCK
PRICES
|
Face Value |
Rs.10.00/- |
|
|
|
|
Market Value |
Rs.74.00/- |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
230.002 |
230.002 |
230.002 |
|
Reserves & Surplus |
348.986 |
353.948 |
360.922 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
578.988 |
583.950 |
590.924 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
133.260 |
157.516 |
|
Total
borrowings |
0.000 |
133.260 |
157.516 |
|
Debt/Equity ratio |
0.000 |
0.228 |
0.267 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
3271.035 |
3853.818 |
4731.458 |
|
|
|
17.816 |
22.773 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
3271.035 |
3853.818 |
4731.458 |
|
Profit |
8.102 |
4.962 |
3.729 |
|
|
0.25% |
0.13% |
0.08% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
From Body Corporate |
133.260 |
0.000 |
|
|
|
|
|
Total |
133.260 |
0.000 |
OVERVIEW OF ECONOMY
India's economic growth remained below 5.00 percent mark second year in
a row at 4.7 percent in 2013-14, but the industry is hopeful of a rebound with
a new stable government who is expected to be considered pro-business.
India's fourth quarter growth stood at 4.6 percent. Decline in
manufacturing and mining output eclipsed the overall growth during the entire
fiscal. The country's economy, or gross domestic product (GDP), had expanded at
4.5 percent in 2012-13, the slowest pace in the previous decade. Subdued prices
of vegetables, cereals and dairy products pushed down retail inflation to a
three-month low of 8.28 percent in May. Retail inflation, measured on consumer
price index (CPI), was 8.59 percent in April.
In February 2014, retail inflation was at 8.03 percent, followed by
consecutive rise in March (8.31 percent) and in April, it was 9.66 percent as
per the data released by government.
OVERALL PERFORMANCE AND OUTLOOK
The Business environment during the financial year was continued to remain
challenging. Other factors like recession, inflation, scarcity of demand by
ultimate consumers and falling turnover in Capital Market due to lack of
participation by retail investors further affected the overall performance for
2013-2014. However somehow, the Company managed to do well in spite of adverse
business conditions.
Gross Sales has been increased during the year in comparison to last
financial year but overall Net Profit has fallen to some extent. Gross Revenue
during the year was Rs.3873.336 Millions in comparison to last years' revenue
of Rs.3291.920 Millions whereas Net income from operations remained at Rs.8.147
Millions during the year in comparison to last years' income of Rs.10.211
Millions.
Outlook for coming financial year seems to be continuously challenging
mainly due to the delay in recovery in both Indian and Foreign Market. Other
factors which could affect the profitability of Company can be lack of demands
by retail clients, fear of bad loans and higher rate of inflation etc. The
Company believes that in spite of adverse scenario, the Company will be able to
do well in coming financial year.
MANAGEMENT DISCUSSION AND ANALYSIS
MACRO ECONOMIC ENVIRONMENT
In the recent past, the Indian economy has had to overcome varied challenges
in its resolve to sustain its economic success. The major challenges included:
unsupportive external environment, domestic structural constraints, growth
slowdown and inflationary pressures. The slowdown manifested in the decline in
the growth of Gross Domestic Product (at factor cost at constant 2004-05
prices) from 8.9 per cent in 2010-11 to 6.7 per cent in 2011-12 and 4.5 per
cent in 2012-13. With the economy projected to have registered a growth rate of
4.9 per cent in 2013- 14, the declining trend in growth seems to have reversed.
The growth slowdown in India is broadly in sync with trends in similar emerging
economies. The sharp downturn in growth owes to the interface of domestic
factors with the global economic environment of uncertainties and slow growth
in many advanced economies. The growth of real GDP has generally shown a
declining trend since the first quarter (Q1) of 2011-12, and is characterized
by a moderation in services growth and a protracted slowdown in industry. The
revival in agriculture on the back of a steady monsoon and robust growth in
financial and business services led to a modest uptick in growth in 2013-14.
The monetary policy stance of the Reserve Bank of India has been driven
by the imperatives of keeping inflation in check and supporting growth revival
while managing a complex external economic situation. With moderation in
overall headline inflation, as per the Wholesale Price Index (WPI), during
2012-13 and during the first two quarters of 2013-14, there was a reduction in
the repo rate by 25 basis points in May 2013. Headline WPI inflation averaged
6.16 per cent during 2013-14 (April-December) as compared to 7.56 per cent in
the corresponding period of the previous year. Despite easing, the level of
inflation is high, especially in terms of consumer price indices.
On the fiscal front, the slowdown in growth affected tax collections and
receipts from disinvestment of Public Sector Undertakings. However, the
Government is on track to achieve the fiscal deficit to GDP target envisaged
for 2013-14.
REVIEW OF OPERATIONS AND SEGMENTAL PERFORMANCE
The Business environment during the financial year was continued to
remain challenging. Other factors like recession, inflation, scarcity of demand
by ultimate consumers and falling turnover in Capital Market due to lack of
participation by retail investors further affected the overall performance for
2013-2014. However somehow, the Company managed to do well in spite of adverse
business conditions.
Gross Sales has been increased during the year in comparison to last
financial year but overall Net Profit has fallen to some extent. Gross Revenue
during the year was Rs.3873.336 Millions in comparison to last years' revenue
of Rs.3291.920 Millions whereas Net income from operations remained at Rs.8.147
Millions during the year in comparison to last years' income of Rs.10.211
Millions.
In term of Segment Results, the Company has registered Gross Sales of
Rs.3853.818 Millions from Software Trading, Rs.4.518 Millions from Investment
activities and earned Rs.15.000 Millions as Commission Income. In term of Net
Profit, the Company has earned Rs.5.500 Millions from Software
Trading, Rs.15.000 Millions as Commission Income whereas suffered a Loss
of Rs.12.353 Millions from Investment activities in Equity and Commodity
Segment.
BUSINESS SEGMENT
The Company is one of Non-Deposit taking RBI registered NBFC Company and
is in to the Business of finance and investments in both Securities and Commodities
Market. Apart from these activities, the Company is also doing the business of
trading of Software (Mobile Applications) and is providing advisory services to
Corporate and HNIs.
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. 64.01 |
|
|
1 |
Rs. 99.84 |
|
Euro |
1 |
Rs. 70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.