MIRA
INFORM REPORT
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Report No. : |
308896 |
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Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
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Name : |
SMART CARD IT SOLUTIONS LIMITED (w.e.f. 29.07.2010) |
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Formerly Known
As : |
SMART CARD IT SOLUTIONS PRIVATE LIMITED (w.e.f. 10.06.2010) ROPA CARD TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
Gat 837/2, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
22.03.2010 |
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Com. Reg. No.: |
11-135861 |
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Capital
Investment / Paid-up Capital : |
Rs.210.090 Millions |
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CIN No.: [Company Identification
No.] |
U22219PN2010PLC135861 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAECR7103A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing Card Manufacturing, Solutions and Consulting
Services. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating constrained on account of company’s moderate financial risk
profile and low reserves of the company. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = B+ |
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Rating Explanation |
Risk prone credit quality and carried very high credit risk. |
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Date |
23.01.2015 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Bank Facilities = A4 |
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Rating Explanation |
Minimal degree of safety and very high credit risk. |
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Date |
23.01.2015 |
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 DENIED BY
|
Name : |
Mr. Nilesh Rathi |
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Designation : |
Accounts Manager |
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Contact No.: |
91-2137-302300 |
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Date : |
19.02.2015 |
LOCATIONS
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Registered Office/ Factory : |
Gat 837/2, Pune Nagar Road, Village Sanaswadi, Shirur, Pune – 412208, Maharashtra, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9763492801/02/03 (Mr. Georg) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Mumbai Office : |
1401, Raheja Centre, Nariman Point, Mumbai - 400021, Maharashtra, India |
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Tel. No.: |
91-22-66585400 |
DIRECTORS
As on 21.09.2013
|
Name : |
Mr. Deven Jitendra Mehta |
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Designation : |
Managing Director |
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Address : |
D-3/D-4, Amalfi, L. D. Ruparel Marg, Malabar Hill, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
19.11.1969 |
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Date of Appointment : |
19.11.2010 |
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PAN No.: |
AAPPM2122C |
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DIN No.: |
01243493 |
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Name : |
Mr. Jitendra Jagannath Mehta |
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Designation : |
Director |
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Address : |
S J Impex, 1401 Raheja Centre, 14th Floor, 214 Free Press Journal Marg, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Date of Birth/Age : |
12.11.1969 |
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Date of Appointment : |
11.06.2010 |
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PAN No.: |
AAPPM2381K |
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DIN No.: |
01654135 |
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Name : |
Mr. Subrata Dutta |
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Designation : |
Director |
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Address : |
A 403/404, Dosti Elite, Near Sion (East), Mumbai – 400022, , Maharashtra, India |
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Date of Birth/Age : |
18.09.1963 |
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Date of Appointment : |
02.08.2011 |
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DIN No.: |
02004997 |
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Name : |
Mr. Philippe Louis Geyres |
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Designation : |
Director |
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Address : |
63, Ruse DE Saint Peres, Paris – 75006 |
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Date of Birth/Age : |
05.09.1952 |
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Date of Appointment : |
29.08.2011 |
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DIN No.: |
03606659 |
KEY EXECUTIVES
|
Name : |
Mrs. Meghana Sharad Paranjpe |
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Designation : |
Secretary |
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Address : |
22-A, Swapan LIC Colony, Vineet Society, Near Karve Stat, Pune – 411038,
Maharashtra, India |
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Date of Birth/Age : |
01.11.1983 |
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Date of Appointment : |
09.08.2012 |
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PAN No.: |
ARAPP9264C |
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Name : |
Mr. Georg |
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Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS
As on 21.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Jitendra Jagannath Mehta |
|
8892500 |
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Jyoti Jitendra Meh |
|
150000 |
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Jitendra J.Mehta Huf |
|
150000 |
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Deven Jitendra Mehta |
|
3306500 |
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Deven Jitendra Mehta Huf |
|
150000 |
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Sunil Ramniklal Kothari |
|
200000 |
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Shobha Sunil Kothari |
|
200000 |
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Apurva Sunil Kothari |
|
100000 |
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Anand Sunil Kothari |
|
100000 |
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Sanjay Ramniklal Kothari |
|
200000 |
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Rita Sanjay Kothari |
|
200000 |
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Dinesh Hasmukhrai Kanabar |
|
350000 |
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Girish Jamnadas Joshi |
|
150000 |
|
Dahyabhai Govindbhai Sutariya |
|
120000 |
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Kavitkumar Dahyabhai Sutariya |
|
115000 |
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Parth Dahyabhai Sutariya |
|
115000 |
|
Global E-Services Private Limited, India |
|
500000 |
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Subrata Dutta |
|
650000 |
|
Anil Harish |
|
200000 |
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Rameshbhai Bhagwanbhai Sutariya |
|
50000 |
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Rajesh Bhagwanbhai Sutariya |
|
50000 |
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Lavjibhai Bhagwanbhai Sutariya |
|
50000 |
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Laxmi Narayan |
|
8333 |
|
Sujata Shankar |
|
8333 |
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Kallidaikurichi Sankarier Sundaram |
|
83334 |
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Mohit Dhirajilal Shah |
|
100000 |
|
Sonali Adityakumar Ajmera |
|
13000 |
|
Urvashi Maheshkumar Ajmera |
|
7000 |
|
Yogesh Shah |
|
150000 |
|
Priti Shah |
|
100000 |
|
Parth Shah |
|
150000 |
|
Alchemy Projects Private Limited, India |
|
150000 |
|
Total |
|
16769000 |
Equity Share Break up (Percentage of Total Equity)
As on 21.09.2013
|
Category |
Percentage |
|
Bodies corporate |
3.88 |
|
Directors or relatives of Directors |
77.52 |
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Other top fifty shareholders |
18.60 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Card Manufacturing, Solutions and Consulting
Services. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
· State Bank of India, Collector Office Compound, Dr B R Ambedkar Road, Pune - 411001, Maharashtra, India ·
State Bank of India, Deccan Gymkhana Branch
Lead Bank, 2nd floor 'Shirole Bhavan' PMT House, Deccan Gymkhana Branch, Pune
- 411004, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Kirtane and Pandit Chartered Accountant |
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Address : |
73/2/2, Sangati Bhakti Marg, Off Law College Road, Pune –
411004, Maharashtra, India |
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Tel. No.: |
91-20-67295100 / 25433104/ 25438764 |
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Fax No.: |
91-20-25447603 |
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E-Mail : |
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PAN No.: |
AACFK3469M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary Company : |
· S J Impex (Proprietary concern of Jitendra Mehta) · Ami Impex (Proprietary concern of Deven Mehta) |
CAPITAL STRUCTURE
As on 21.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21009000 |
Equity Shares |
Rs.10/- each |
Rs.210.090 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
210.090 |
167.690 |
106.940 |
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(b) Reserves & Surplus |
91.740 |
47.203 |
2.523 |
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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 |
39.900 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
341.730 |
214.893 |
109.463 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
157.011 |
140.381 |
144.008 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.664 |
|
(d) long-term provisions |
2.670 |
0.801 |
0.000 |
|
Total Non-current Liabilities (3) |
159.681 |
141.182 |
144.672 |
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
95.882 |
84.609 |
43.549 |
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(b) Trade payables |
369.481 |
98.791 |
10.603 |
|
(c) Other current
liabilities |
55.726 |
75.623 |
45.096 |
|
(d) Short-term provisions |
7.008 |
1.111 |
0.000 |
|
Total Current Liabilities (4) |
528.097 |
260.134 |
99.248 |
|
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|
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TOTAL |
1,029.508 |
616.209 |
353.383 |
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II.
ASSETS |
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(1) Non-current assets |
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|
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(a) Fixed Assets |
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|
|
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(i) Tangible assets |
370.526 |
333.106 |
286.167 |
|
(ii) Intangible Assets |
0.807 |
0.468 |
0.571 |
|
(iii) Capital
work-in-progress |
55.507 |
21.434 |
13.633 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
4.565 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.793 |
2.633 |
1.142 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
436.198 |
357.641 |
301.513 |
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
189.690 |
77.111 |
18.565 |
|
(c) Trade receivables |
352.518 |
156.704 |
10.871 |
|
(d) Cash and cash
equivalents |
29.182 |
14.597 |
9.728 |
|
(e) Short-term loans and
advances |
21.394 |
10.045 |
12.558 |
|
(f) Other current assets |
0.526 |
0.111 |
0.148 |
|
Total Current Assets |
593.310 |
258.568 |
51.870 |
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|
|
|
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TOTAL |
1,029.508 |
616.209 |
353.383 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
880.804 |
405.244 |
67.057 |
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Other Income |
5.718 |
7.753 |
2.404 |
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TOTAL (A) |
886.522 |
412.997 |
69.461 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
762.379 |
327.168 |
54.334 |
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Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(84.754) |
(46.755) |
(3.797) |
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Employee Benefits Expenses |
29.926 |
18.751 |
17.780 |
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Other Expenses |
79.084 |
43.453 |
45.569 |
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Prior Period Items |
0.343 |
0.090 |
0.000 |
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TOTAL (B) |
785.181 |
342.015 |
113.886 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
99.544 |
70.290 |
(44.425) |
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Less |
FINANCIAL
EXPENSES (D) |
38.851 |
41.667 |
28.380 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
60.693 |
28.623 |
(72.805) |
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Less |
DEPRECIATION/
AMORTISATION (F) |
17.745 |
13.943 |
9.672 |
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
42.948 |
14.680 |
(82.477) |
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Less |
TAX (H) |
2.410 |
0.000 |
0.000 |
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
40.538 |
14.680 |
(82.477) |
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EARNINGS IN FOREIGN
CURRENCY |
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Export of goods calculated on FOB basis |
240.381 |
12.930 |
0.980 |
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Earnings on professional and consultation fees |
0.814 |
0.080 |
0.483 |
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TOTAL EARNINGS |
241.195 |
13.010 |
1.463 |
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IMPORTS |
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Raw Materials |
739.453 |
305.171 |
NA |
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Stores & Spares |
24.750 |
4.429 |
NA |
|
|
|
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Capital Goods |
34.742 |
54.124 |
NA |
|
|
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TOTAL IMPORTS |
798.945 |
363.724 |
NA |
||
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Earnings /
(Loss) Per Share (Rs.) |
2.27 |
1.00 |
(13.55) |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.60 |
3.62 |
(123.00) |
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Operating Profit Margin (PBDIT/Sales) |
(%) |
11.30 |
17.35 |
(66.25) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
4.43 |
2.47 |
(24.28) |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.07 |
(0.75) |
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|
Debt Equity Ratio (Total Debt /Networth) |
|
0.74 |
1.05 |
1.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
0.99 |
0.52 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
106.940 |
167.690 |
210.090 |
|
Reserves & Surplus |
2.523 |
47.203 |
91.740 |
|
Share Application money pending allotment |
0.000 |
0.000 |
39.900 |
|
Net
worth |
109.463 |
214.893 |
341.730 |
|
|
|
|
|
|
Long Term borrowings |
144.008 |
140.381 |
157.011 |
|
Short Term borrowings |
43.549 |
84.609 |
95.882 |
|
Total
borrowings |
187.557 |
224.990 |
252.893 |
|
Debt/Equity
ratio |
1.713 |
1.047 |
0.740 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In
Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
67.057 |
405.244 |
880.804 |
|
|
|
504.328 |
117.352 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs. In
Millions |
|
Sales
|
67.057 |
405.244 |
880.804 |
|
Profit |
(82.477) |
14.680 |
40.538 |
|
|
(123.00%) |
3.62% |
4.60% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
30.004 |
32.010 |
16.002 |
|
Total |
30.004 |
32.010 |
16.002 |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand |
0.000 |
45.861 |
|
Total |
0.000 |
45.861 |
CORPORATE
INFORMATION
Subject is promoted by a group of young technocrats from diverse backgrounds ranging from investment banking, manufacturing, telecom and e-governance with combined experience of over hundred man years and a decade of dedicated experience in the Smart Card Domain.
Company offers Card Manufacturing, Solutions and Consulting Services. The Card Manufacturing Plant has been set up in Pune.
OPERATIONS
Turnover during the financial year ended 31st March 2014 was Rs.886.500 Millions compared with Rs.413.000 Millions in the previous year. The operations have resulted in an improvement in performance which is significant, considering the adverse conditions which prevailed; however on account of aggressive marketing and cost and financial controls, your company was able to achieve these results. Future prospects are very encouraging, given the increased usage of smart cards in various applications.
CURRENT YEAR'S
WORKING:
Working during the first quarter of the current year is very encouraging.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10475484 |
06/01/2014 |
260,000,000.00 |
State Bank Of India Deccan Gymkhana Branch Lead Bank |
2nd Floor 'Shirole Bhavan'PMT House, Deccan Gymkhana Branch, Pune, Maharashtra - 411004, India |
B95449120 |
|
2 |
10275635 |
06/01/2014 * |
290,000,000.00 |
State Bank Of India Deccan Gymkhana Branch Lead Bank |
2nd Floor 'Shirole Bhavan'PMT House, Deccan Gymkhana Branch, Pune, Maharashtra - 411004, India |
B95436820 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.62.25 |
|
|
1 |
Rs.95.51 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
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 |
|
34 |
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.