MIRA INFORM REPORT
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Report No. : |
334300 |
|
Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
DATALOG TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
No. 6, 3rd Street, Narayandas Layout, Tatabad,
Coimbatore-641012, Tamil Nadu |
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Tel. No.: |
91-422-2492964 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
05.12.1999 |
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Com. Reg. No.: |
18-008746 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.120 Million |
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CIN No.: [Company Identification
No.] |
U72200TZ1999PTC008746 |
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IEC No.: |
3202015516 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CMBD03392E |
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PAN No.: [Permanent Account No.] |
AABCD5720C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Service provider of online monitoring system of
textile machine, weaving machine, knitting machine, spinning machine. |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. The rating is constrained on account of company’s small scales of
business operation and small net worth of the company. However, trade relations are reported to be fair. Business is active.
Payment terms are slow but correct. The company can be considered for small business dealings with some
caution. |
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 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 (GENERAL DETAILS)
|
Name : |
Ms. Premlata |
|
Designation : |
Accountants |
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Contact No.: |
91-9952439014 |
|
Date : |
03.08.2015 |
LOCATIONS
|
Registered Office : |
No. 6, 3rd Street, Narayandas Layout, Tatabad,
Coimbatore-641012, Tamil Nadu, India |
|
Tel. No.: |
91-422-2492964 |
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Mobile No.: |
91-9952439014 (Ms. Premlata) |
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Fax No.: |
91-422-2492965 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Locality : |
Commercial |
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Factory: |
72, VVK Nagar, Vellakinaru, Coimbatore-– 641029, Tamilnadu India |
DIRECTORS
AS ON: 30.09.2014
|
Name : |
Gopalakrishnan Sriramulu |
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Designation : |
Director |
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Address : |
No 6, 3rd Street Narayandas-Layout, Tatabad, Coimbatore-641012, Tamil Nadu, India |
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Date of Birth/Age : |
27.01.1964 |
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Date of Appointment : |
15.12.1999 |
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DIN No.: |
01901642 |
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Other
Directorship:
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Name : |
Coimbatore Balasubramanian Krishnan |
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Designation : |
Director |
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Address : |
No.12/1 Dakshinas Varshalaya, Marudham Nagar-2, Edayarpalayam, Coimbatore-641025, Tamil Nadu, India |
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Date of Birth/Age : |
03.06.1969 |
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Date of Appointment : |
15.12.1999 |
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DIN No.: |
02393303 |
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Other
Directorship:
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KEY EXECUTIVES
|
Name : |
Ms. Premlata |
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Designation : |
Accountants |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Gopalakrishnan Sriramulu |
6000 |
50.00 |
|
Coimbatore Balasubramanian Krishnan |
6000 |
50.00 |
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Total |
12000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Service provider of online monitoring system of
textile machine, weaving machine, knitting machine, spinning machine. |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
15 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
Giri and Company Chartered Accountants |
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Address : |
No. 90, Arokiasamy Road (East), R.S. Puram, Coimbatore-641002, Tamil
Nadu, India |
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Tel. No.: |
91-422-2552200 / 2554400 |
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PAN No.: |
AAEFG2905Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
30000 |
Equity Shares |
Rs.10/- each |
Rs. 0.300 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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12000 |
Equity Shares |
Rs.10/- each |
Rs. 0.120
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
0.120 |
0.120 |
0.100 |
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(b) Reserves &
Surplus |
4.892 |
3.463 |
6.232 |
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(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) |
5.012 |
3.583 |
6.332 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
1.465 |
1.786 |
0.329 |
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(b) Deferred tax
liabilities (Net) |
0.005 |
0.005 |
0.205 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
1.470 |
1.791 |
0.534 |
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(4) Current Liabilities |
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(a) Short term borrowings |
(0.718) |
(0.496) |
0.000 |
|
(b) Trade payables |
3.133 |
3.948 |
0.000 |
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(c) Other current liabilities |
2.181 |
1.108 |
0.000 |
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(d) Short-term provisions |
0.045 |
0.270 |
1.528 |
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Total Current Liabilities
(4) |
4.641 |
4.830 |
1.528 |
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TOTAL |
11.123 |
10.204 |
8.394 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
1.578 |
1.587 |
2.388 |
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(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 |
0.040 |
1.500 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.037 |
0.035 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1.655 |
3.122 |
2.388 |
|
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(2) Current assets |
|
|
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(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3.790 |
2.415 |
0.000 |
|
(c) Trade receivables |
2.983 |
2.098 |
0.000 |
|
(d) Cash and cash
equivalents |
2.122 |
2.207 |
6.006 |
|
(e) Short-term loans and
advances |
0.294 |
0.098 |
0.000 |
|
(f) Other current assets |
0.279 |
0.264 |
0.000 |
|
Total Current Assets |
9.468 |
7.082 |
6.006 |
|
|
|
|
|
|
TOTAL |
11.123 |
10.204 |
8.394 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
30.421 |
29.633 |
20.236 |
|
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Other Income |
|
0.459 |
0.010 |
|
|
TOTAL (A) |
30.421 |
30.092 |
20.246 |
|
|
|
|
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|
Less: |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
12.742 |
7.831 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(0.097) |
(0.437) |
|
|
Employees benefits
expense |
|
7.273 |
5.907 |
|
|
Other expenses |
7.848 |
5.265 |
|
|
|
TOTAL (B) |
27.905 |
27.766 |
18.566 |
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PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (A-B) (C) |
2.516 |
2.326 |
1.680 |
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|
Less: |
FINANCIAL EXPENSES (D) |
0.020 |
0.097 |
0.101 |
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|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.496 |
2.229 |
1.579 |
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|
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Less: |
DEPRECIATION/
AMORTISATION (F) |
0.424 |
0.456 |
0.503 |
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|
|
|
|
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|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
2.072 |
1.773 |
1.076 |
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|
|
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|
Less: |
TAX (H) |
0.643 |
0.850 |
0.655 |
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PROFIT/ (LOSS) AFTER TAX (G-H) (I) |
1.429 |
0.923 |
0.421 |
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|
Earnings / (Loss) Per
Share (Rs.) |
172.67 |
76.92 |
35.1 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.70 |
3.11 |
2.08 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.27 |
7.85 |
8.30 |
|
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|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
18.70 |
20.37 |
12.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.49 |
0.17 |
|
|
|
|
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|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.15 |
0.36 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.04 |
1.47 |
3.93 |
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 |
0.100 |
0.120 |
0.120 |
|
Reserves & Surplus |
6.232 |
3.463 |
4.892 |
|
Net worth |
6.332 |
3.583 |
5.012 |
|
|
|
|
|
|
long-term borrowings |
0.329 |
1.786 |
1.465 |
|
Short term borrowings |
0.000 |
(0.496) |
(0.718) |
|
Total borrowings |
0.329 |
1.290 |
0.747 |
|
Debt/Equity ratio |
0.052 |
0.360 |
0.149 |
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) |
|
Revenue from Operations |
20.246 |
30.092 |
30.421 |
|
|
|
48.632 |
1.093 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations |
20.246 |
30.092 |
30.421 |
|
Profit |
0.421 |
0.923 |
1.429 |
|
|
2.08% |
3.07% |
4.70% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 |
No |
|
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 |
UNSECURED LOAN:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS: |
|
|
|
From Directors |
1.465 |
1.731 |
|
|
|
|
|
Total |
1.465 |
1.731 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10209539 |
09/03/2010 |
1,000,000.00 |
CENTRAL BANK OF INDIA LIMITED |
CROSSCUT ROAD BRANCH, GANDHIPURAM, COIMBATORE, TAMIL NADU - 641012, INDIA |
A82478157 |
|
2 |
90004447 |
07/09/2004 |
1,000,000.00 |
CENTURION BANK LIMITED |
723; A AND B; THIRUMALAI TOWERS, AVANASHI ROAD, COIMBATORE, TAMIL NADU - 641018, INDIA |
- |
|
3 |
90003929 |
26/07/2002 |
75,000.00 |
CANARA BANK |
S.S.I. BRANCH, GANDHIPURAM, COIMBATORE, TAMIL NADU - 641012, INDIA |
- |
|
4 |
90003408 |
15/05/1999 |
600,000.00 |
CANARA BANK |
S.S.I. BRANCH, COIMBATORE, TAMIL NADU, INDIA |
- |
FIXED ASSETS:
- Air
Conditioner
- Ford Figo Car
- Honda City
car
- Honda Civic
Car
- Computer
- Electrical Equipments
- Furniture and
Fittings
- Generator
- Office
Equipments
- Plant and
machinery
- TVS 50
- TVS Scooty
Pep
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
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 RecordsNo 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. 63.82 |
|
UK Pound |
1 |
Rs. 99.15 |
|
Euro |
1 |
Rs. 69.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
THR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.