MIRA INFORM REPORT
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Report No. : |
308773 |
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Report Date : |
18.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
APPLIED REALTECH SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
No.158-35/3, 2nd
Floor, 3rd Main, Industrial Town, Rajajinagar, Bangalore – 560
044, Karnataka |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
01.03.2012 |
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Com. Reg. No.: |
08-062800 |
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Capital
Investment / Paid-up Capital : |
Rs.0.800 million |
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CIN No.: [Company Identification
No.] |
U51909KA2012PTC062800 |
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IEC No.: |
0712008764 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA16264D |
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PAN No.: [Permanent Account No.] |
AAKCA3022B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of trading in test and measuring instruments, accessories for soldering station, computers etc. |
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No. of Employees
: |
Approximately 15 (In Office) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
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 is normal and acceptable for business dealing. Trade relations are
reported as fair. Business is active. Payment terms are reported to be
usually correct. The company can
be considered normal 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Arvind Sampath |
|
Designation : |
Director |
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Contact No.: |
91-9844022033 |
|
Date : |
18.02.2015 |
LOCATIONS
|
Registered Office : |
No.158-35/3, 2nd
Floor, 3rd Main, Industrial Town, Rajajinagar, Bangalore – 560
044, Karnataka |
|
Tel. No. : |
91-80-23506121-124, 23153964, 23153994, 23500243 |
|
Mobile No. : |
91-9844022033 (Mr.
Arvind Sampath) |
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Fax No. : |
91-80-23105153 |
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E-Mail : |
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Website : |
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Area : |
2500 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Arvind Sampath |
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Designation : |
Director |
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Address : |
#29, Vedamangala
Ashtagrama Layout, Magadi Road,
Kamakshipalya, Bangalore – 560 079, Karnataka, India |
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Date of Birth/Age : |
09.01.1967 |
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Qualification : |
B.E. |
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Date of Appointment : |
01.03.2012 |
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DIN No. : |
01811235 |
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Other Directorship :
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Name : |
Ms. Sheela Arvind |
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Designation : |
Director |
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Address : |
#29, Vedamangala
Ashtagrama Layout, Magadi Road,
Kamakshipalya, Bangalore – 560 079, Karnataka, India |
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Date of Birth/Age : |
15.04.1969 |
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Qualification : |
C.S., M. Com |
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Date of Appointment : |
12.06.2013 |
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DIN No. : |
01020390 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
holding |
|
Arvind Sampath |
72000 |
90.00 |
|
Sheela Arvind |
8000 |
10.00 |
|
Total |
80000 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of trading in test and measuring instruments, accessories for soldering station, computers etc. |
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Products : |
Testing Equipments |
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Brand Names : |
Not Available |
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Agencies Held : |
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Exports : |
Not Available |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Credit (30 days) |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
·
Weller GmbH
Pte. Limited ·
Weller Tools
GmbH ·
Agilent India
Private Limited, Delhi ·
Sneha
Enterprises ·
Vamana Techware
·
Onward Systems ·
P.S. Bedi and
Company Private Limited |
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|
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Customers : |
·
Bharat Electronics Limited ·
BTL India Private Limited ·
Cisco Systems (India) Private Limited ·
Ezetap Mobile Solutions Private Limited ·
Government of India, Department of Space ·
Infosys Limited ·
Josh Tech Services Private Limited ·
Lekha Wireless Solutions Private Limited ·
Moog India Technology Centre Private Limited ·
R N S Institute of Technology ·
Wipro Ge Healthcare Private Limited ·
Yokogawa India Limited |
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No. of Employees : |
Approximately 15 (In Office) |
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Bankers : |
Standard Chartered Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S. Nagarajan and Company Chartered Accountants |
|
Address : |
No.14, 3rd Floor, Sree Chiranjeevi Apartments, 29th A Main BTM Layout, 1st Stage, Bangalore – 560 068, Karnataka, India |
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Mobile No. : |
91-9972010054 |
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E-Mail : |
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PAN
No.: |
AAOPN7147D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other Related Parties : |
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CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
80000 |
Equity Shares |
Rs.10/- each |
Rs.0.800 million |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.800 |
0.800 |
|
(b) Reserves & Surplus |
|
3.763 |
1.699 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
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|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
4.563 |
2.499 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
5.000 |
5.000 |
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(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
8.285 |
1.072 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
13.285 |
6.072 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
9.604 |
8.128 |
|
(b) Trade payables |
|
8.260 |
7.237 |
|
(c) Other
current liabilities |
|
0.000 |
0.000 |
|
(d) Short-term
provisions |
|
0.257 |
0.000 |
|
Total Current
Liabilities (4) |
|
18.121 |
15.365 |
|
|
|
|
|
|
TOTAL |
|
35.969 |
23.936 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
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|
|
|
(a) Fixed Assets |
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|
|
|
(i)
Tangible assets |
|
0.020 |
0.000 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
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(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.352 |
0.615 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
3.005 |
3.005 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
3.377 |
3.620 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
13.504 |
8.023 |
|
(c) Trade
receivables |
|
9.921 |
10.062 |
|
(d) Cash and
cash equivalents |
|
7.389 |
1.194 |
|
(e)
Short-term loans and advances |
|
1.778 |
1.037 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
32.592 |
20.316 |
|
|
|
|
|
|
TOTAL |
|
35.969 |
23.936 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
||
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
77.166 |
46.572 |
|
|
|
Other Income |
|
0.678 |
0.015 |
|
|
|
TOTAL |
|
77.844 |
46.587 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock-in-trade |
|
65.000 |
42.661 |
|
|
|
Changes in inventories of Traded Goods |
|
(5.480) |
(8.024) |
|
|
|
Employee benefit expense |
|
6.699 |
3.641 |
|
|
|
Other expenses |
|
7.752 |
5.198 |
|
|
|
TOTAL |
|
73.971 |
43.476 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
3.873 |
3.111 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.844 |
0.629 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
3.029 |
2.482 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.018 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
3.011 |
2.482 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.947 |
0.783 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
2.064 |
1.699 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission |
|
3.482 |
2.262 |
|
|
TOTAL EARNINGS |
|
3.482 |
2.262 |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
|
4.654 |
4.905 |
|
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|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
25.80 |
21.23 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
|
2.67 |
3.65 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
|
5.02 |
6.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
8.45 |
10.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.66 |
0.99 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
3.20 |
5.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.80 |
1.32 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2013 |
31.03.2014 |
|
|
|
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
|
0.800 |
0.800 |
|
Reserves & Surplus |
|
1.699 |
3.763 |
|
Money received against share warrants |
|
0.000 |
0.000 |
|
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Net worth |
|
2.499 |
4.563 |
|
|
|
|
|
|
Long Term borrowings |
|
5.000 |
5.000 |
|
Short Term borrowings |
|
8.128 |
9.604 |
|
Total borrowings |
|
13.128 |
14.604 |
|
Debt/Equity ratio |
|
5.253 |
3.201 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
|
46.572 |
77.166 |
|
|
|
|
65.692 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
|
46.572 |
77.166 |
|
Profit |
|
1.699 |
2.064 |
|
|
|
3.65% |
2.67% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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
two years |
Yes |
|
12] |
Profitability for last
two 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 |
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 |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loan from Director |
5.000 |
5.000 |
|
Total |
5.000 |
5.000 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10382606 |
18/09/2012 |
15,000,000.00 |
PUNJAB NATIONAL BANK |
MAHALAKSHMI LAYOUT,
BANGALORE, KARNATAKA - 560086, INDIA |
B60491263 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
Guarantees outstanding |
1.500 |
Nil |
FIXED ASSETS
·
Computer
·
Electrical Fittings
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.62.20 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
3 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.