MIRA INFORM REPORT
|
Report No. : |
309769 |
|
Report Date : |
26.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNITED TELECOMS LIMITED |
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|
|
|
Registered
Office : |
18A/19, Doddanekundi Industrial Area, Mahadevapura Post, Whitefield,
Bangalore – 560048, Karnataka |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2013 |
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|
Date of
Incorporation : |
17.09.1986 |
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|
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Com. Reg. No.: |
08-007800 |
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Capital
Investment / Paid-up Capital : |
Rs. 108.826 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U32301KA1986PLC007800 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AAACU2228H |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Telecom Equipment. |
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|
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No. of Employees
: |
900 (Approximately) |
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 : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems a sharp dip in the profit of the company during FY 2014
however net worth of the company is satisfactory. 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 slow but 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Facilities: “BB+” |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
February, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Hemchandra |
|
Designation : |
Account Manager |
|
Contact No.: |
91-80-28524050 |
|
Date : |
25.02.2015 |
LOCATIONS
|
Registered Office / Factory : |
18A/19, Doddanekundi Industrial Area, Mahadevapura Post, Whitefield,
Bangalore – 560048, Karnataka, India |
|
Tel. No.: |
91-80-28524050 / 28524032 / 28524088 |
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Fax No.: |
91-80-28524191 / 28524073 |
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E-Mail : |
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|
Website : |
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|
Location : |
Rented |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Venkateswara Rao Chalasani |
|
Designation : |
Managing Director |
|
Address : |
No. 14, Whitly Layout, Whitefield, Bangalore – 560066, Karnataka, India |
|
Date of Birth/Age : |
24.05.1961 |
|
Qualification : |
BE |
|
Date of Appointment : |
01.04.2014 |
|
PAN No.: |
ACLPR2072E |
|
DIN No.: |
00155107 |
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|
|
|
Name : |
Basavapurnaiah Chalasani |
|
Designation : |
Additional director |
|
Address : |
No. 319, Inner Circle, White Field, Bangalore - 560066, Karnataka, India |
|
Date of Birth/Age : |
29.11.1926 |
|
Qualification : |
CA |
|
Date of Appointment : |
05.03.2014 |
|
DIN No.: |
00155050 |
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|
|
|
Name : |
Dr. Padmavathi Potluri |
|
Designation : |
Whole-time Director |
|
Address : |
No. 319, Inner Circle, Whitefield, Bangalore – 560066, Karnataka, India |
|
Date of Birth/Age : |
19.03.1956 |
|
Qualification : |
MBBS MD |
|
Date of Appointment : |
30.06.2008 |
|
PAN No.: |
AFFPP5858M |
|
DIN No.: |
00155153 |
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|
|
|
Name : |
Dr. Raja Mohan Rao Potluri |
|
Designation : |
Additional Director |
|
Address : |
No. 319, Inner Circle, White Field, Bangalore - 560066, Karnataka, India |
|
Date of Birth/Age : |
15.07.1951 |
|
Qualification : |
Phd |
|
Date of Appointment : |
05.03.2014 |
|
PAN No.: |
ACLPR2073F |
|
DIN No.: |
00157346 |
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|
|
|
Name : |
Padmavathi Chalasani |
|
Designation : |
Director |
|
Address : |
No.14, Whitley Layout, Whitefield, Bangalore – 560066, Karnataka, India |
|
Date of Birth/Age : |
06.03.1963 |
|
Qualification : |
BA |
|
Date of Appointment : |
25.08.2010 |
|
PAN No.: |
AISPC4227D |
|
DIN No.: |
00552699 |
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|
|
|
Name : |
Bhavana Potluri Rao |
|
Designation : |
Director |
|
Address : |
Stella Maris, Inner Circle, Whitefield, Bangalore – 560066, Karnataka, India |
|
Date of Birth/Age : |
15.09.1983 |
|
Qualification : |
BE |
|
Date of Appointment : |
30.09.2011 |
|
|
ANTPR2927H |
|
DIN No.: |
02326788 |
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|
|
|
Name : |
Mr. Bharath Krishna Rao Potluri |
|
Designation : |
Director |
|
Address : |
No. 319/147-148, Inner Circle, Whitefield, Bangalore – 560066, Karnataka, India |
|
Date of Birth/Age : |
02.07.1985 |
|
Qualification : |
BE |
|
Date of Appointment : |
18.04.2011 |
|
PAN No.: |
ANTPR2877C |
|
DIN No.: |
01716582 |
|
|
|
|
Name : |
Chalasani Sandhya Rao |
|
Designation : |
Director |
|
Address : |
No.14, Whitley Layout, Whitefield, Bangalore – 560066, Karnataka, India |
|
Date of Birth/Age : |
26.08.1986 |
|
|
MBBS MD |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
03207351 |
|
|
|
|
Name : |
Komali Cherukuri |
|
Designation : |
Director |
|
Address : |
No. 9, Subbarao Compound, Whitefield Main Raod, Whitefield, Bangalore – 560066, Karnataka, India |
|
Date of Birth/Age : |
15.07.1962 |
|
Qualification : |
Diploma |
|
Date of Appointment : |
16.02.2009 |
|
DIN No.: |
00556559 |
KEY EXECUTIVES
|
Name : |
Mr. Hemchandra |
|
Designation : |
Account Manager |
|
|
|
|
Name : |
Ramani Jayamkondam Krishnamurthy |
|
Designation : |
Secretary |
|
Address : |
No. 37/1, N. G. Nilaya, 16th Cross, Malleswaram, Bangalore - 560003,
Karnataka, India |
|
Date of Birth/Age : |
09.10.1932 |
|
Date of Appointment : |
03.07.2014 |
|
PAN No.: |
AMMPK4136H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Padmavathi Potluri |
467140 |
4.29 |
|
P Raja Mohan Rao |
236507 |
2.17 |
|
Basavapurnaiah Chalasani |
3455460 |
31.75 |
|
Venkateswara Rao Chalasani |
860907 |
7.91 |
|
Padmavathi Chalasani |
903177 |
8.30 |
|
Bhavana Potluri Rao |
1199524 |
11.02 |
|
Bharath Krishna Rao Potluri |
1194104 |
10.97 |
|
Andhra Networks Limited, India |
1572692 |
14.45 |
|
Gujarat Online Limited, India |
43083 |
0.40 |
|
Sandhya Chalasani |
950000 |
8.73 |
|
Total |
10882594 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
14.85 |
|
Directors or relatives of Directors |
85.15 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Telecom Equipment. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Good |
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Countries : |
African Courtiers |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· US · China · Singapore |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
900 (Approximately) |
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Bankers : |
· State Bank of Travancore, Residency Road Branch,Aishwarya Castle, # 10, Castle Street, Near Brigade Road, Ashok Nagar, Bangalore - 560025, Karnataka, India · Indusind Bank Limited, 5th Floor, 28, Centenary Building, Ground Floor, M G Road, Bangalore - 560001, Karnataka, India · State Bank of India, Central Business District Branch, Acr Towers, 3rd Floor, No.32, Residency Road, Bangalore - 560025, Karnataka, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India · UTI Bank Limited, No.9, Esquire Centre, M G Road, M G Road, Bangalore - 560025, Karnataka, India ·
Axis Bank Limited, No.9 M G Road, Bangalore -
560001, Karnataka, India ·
Canara Bank, Prime Corporate Branch,
Shankarnaryana Building, No. 25, M.G. Road, Bangalore – 560001, Karnataka,
India · Development Credit Bank Limited, M.G. Road Branch, Prestige Meridian Annexe, M.G.R Road, Bangalore - 560001, Karnataka, India · HDFC Bank Limited, 8/24, Salco Centre,, Richmond Road, Bangalore - 560025, Karnataka, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ford Rhodes Parks and Company Chartered Accountants |
|
Address : |
No. 439, 18th Main, 6th Block, Koramangala, Bangalore – 560095, Tamilnadu, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFF1843L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Wholly Owned
Subsidiaries : |
· United Telecoms e-services Private Limited CIN No.: U74999KA2009PTC050557 · UTL Technologies Limited CIN No.: U74140TG2001PLC036823 |
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Subsidiaries : |
·
India Software Labs Private Limited CIN No.: U35990KA2005PTC035752 ·
United Surya Energy Limited CIN No.: U40102KA1995PLC017323 · NSP Electronics Limited CIN No.: U31904KA1983PLC005621 · United Microelectronic Solutions Limited CIN No.: U32109KA2001PLC029547 · United Wireless Technologies Limited ·
UTL Consultancy Limited CIN No.: U74140KA2004PLC034995 ·
United Rajpur Steels (India) Private Limited CIN No.: U27310KA2009PTC050333 ·
New Era Power Corporation Limited CIN No.: U40102KA2007PLC043517 ·
United Sustainable Energy India Private
Limited CIN No.: U40100KA2005PTC036352 ·
United Thermal Power Corporation Limited CIN No.: U40108KA2008PLC048608 · Teleworld United Private Limited CIN No.: U32200KA2010PTC052344 · UNITED WIRELESS TECHNOLOGIES LIMITED Cin No.: U72100KA2002PLC030277 |
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Associates : |
· Gujarat Online Limited CIN No.: U72200GJ2000PLC039014 · Priyaraj Electronics Limited CIN No.: U32109KA1985PLC006819 · United Telelinks (Bangalore) Limited CIN No.: U32109KA1994PLC015750 · Andhra Net Works Limited CIN No.: U72200TG2000PLC034734 · Rajpur Minerals and Metals Management Limited CIN No.: U14290KA2004PLC034346 · United ERP Solutions Limited CIN No.: U72200KA2002PLC031069 · Itasca Software Development Private Limited CIN No.: U72200KA2004PTC034118 · Raaja Magnetics Limited CIN No.: U27103KA1983PLC005337 · Promuk Hoffman International Limited CIN No.: U74300TG2001PLC038239 · Raaja Technics Limited * · United Power and Steel Alloys Limited CIN No.: U64202KA2001PLC029121 · United Infra and Water Management Limited CIN No.: U45209KA2004PLC034031 · Powered EPC Services Limited * · Trigyn Technologies Limited * CIN No.: L72200MH1986PLC039341 · Leading Edge Infotech Limited* · Trigyn Technologies Inc.,* · Trigyn Technologies (India) Private Limited* · Betul Wind Forms Limited CIN No.: U40101DL2009PLC190339 · Embassy ANL Consortium Note: * denotes companies with which there are no transactions during the year. |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 115.000 Millions |
|
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,882,594 |
Equity Shares |
Rs.10/- each |
Rs. 108.826 Millions |
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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 |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
108.826 |
108.826 |
108.395 |
|
(b) Reserves & Surplus |
6744.212 |
6740.246 |
6528.779 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
26.410 |
|
Total
Shareholders’ Funds (1) + (2) |
6853.038 |
6849.072 |
6663.584 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
317.652 |
596.644 |
1046.990 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
168.180 |
195.017 |
428.564 |
|
(d) long-term
provisions |
25.425 |
31.105 |
26.064 |
|
Total Non-current
Liabilities (3) |
511.257 |
822.766 |
1501.618 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
770.579 |
562.878 |
620.992 |
|
(b) Trade
payables |
1917.685 |
1243.599 |
1105.035 |
|
(c) Other
current liabilities |
668.900 |
626.505 |
656.745 |
|
(d) Short-term
provisions |
3.542 |
27.807 |
9.370 |
|
Total Current
Liabilities (4) |
3360.706 |
2460.789 |
2392.142 |
|
|
|
|
|
|
TOTAL |
10725.001 |
10132.627 |
10557.344 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
792.661 |
858.277 |
964.567 |
|
(ii)
Intangible Assets |
0.885 |
1.174 |
1.452 |
|
(iii)
Capital work-in-progress |
624.008 |
616.421 |
465.101 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2939.052 |
1702.796 |
1702.291 |
|
(c) Deferred tax assets (net) |
627.047 |
788.770 |
892.869 |
|
(d) Long-term Loan and Advances |
1980.934 |
3140.455 |
3188.808 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
6964.587 |
7107.893 |
7215.088 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
403.199 |
195.329 |
411.239 |
|
(c) Trade
receivables |
2321.376 |
1788.325 |
1702.062 |
|
(d) Cash
and cash equivalents |
182.458 |
111.856 |
171.427 |
|
(e)
Short-term loans and advances |
136.012 |
210.596 |
997.115 |
|
(f) Other
current assets |
717.369 |
718.628 |
60.413 |
|
Total
Current Assets |
3760.414 |
3024.734 |
3342.256 |
|
|
|
|
|
|
TOTAL |
10725.001 |
10132.627 |
10557.344 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7713.814 |
4486.214 |
3539.206 |
|
|
|
Other Income |
33.950 |
7.029 |
433.977 |
|
|
|
TOTAL (A) |
7747.764 |
4493.243 |
3973.183 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
263.229 |
132.732 |
401.388 |
|
|
|
Purchases of Stock-in-Trade |
5863.618 |
2683.739 |
1555.389 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
-222.797 |
209.975 |
63.352 |
|
|
|
Employees benefits expense |
193.267 |
149.092 |
161.149 |
|
|
|
Other expenses |
1081.164 |
781.490 |
1276.401 |
|
|
|
Exceptional Items |
0.000 |
(166.295) |
0.260 |
|
|
|
TOTAL (B) |
7178.481 |
3790.733 |
3457.939 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
569.283 |
702.510 |
515.244 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
292.269 |
276.430 |
325.599 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
277.014 |
426.080 |
189.645 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
95.989 |
136.075 |
179.016 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
181.025 |
290.005 |
10.629 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
177.024 |
104.516 |
(117.859) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
4.001 |
185.489 |
128.488 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods on FOB basis |
62.582 |
0.000 |
32.574 |
|
|
|
From Benin Project |
0.000 |
1.177 |
883.749 |
|
|
TOTAL EARNINGS |
62.582 |
1.177 |
916.323 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw materials and components (including traded items) |
4385.452 |
2011.890 |
1521.883 |
|
|
|
Capital Goods |
0.000 |
0.000 |
0.188 |
|
|
TOTAL IMPORTS |
4385.452 |
2011.890 |
1522.071 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
Basic |
0.36 |
16.98 |
11.85 |
|
|
|
Diluted |
0.36 |
16.98 |
11.81 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.05 |
4.13 |
3.63 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.38 |
15.66 |
14.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.77 |
4.13 |
0.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.04 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.16 |
0.17 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.23 |
1.40 |
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 |
108.395 |
108.826 |
108.826 |
|
Reserves & Surplus |
6528.779 |
6740.246 |
6744.212 |
|
Share Application money
pending allotment |
26.410 |
0.000 |
0.000 |
|
Net
worth |
6663.584 |
6849.072 |
6853.038 |
|
|
|
|
|
|
long-term borrowings |
1046.990 |
596.644 |
317.652 |
|
Short term borrowings |
620.992 |
562.878 |
770.579 |
|
Total
borrowings |
1667.982 |
1159.522 |
1088.231 |
|
Debt/Equity
ratio |
0.250 |
0.169 |
0.159 |
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 |
3539.206 |
4486.214 |
7713.814 |
|
|
|
26.758 |
71.945 |
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 |
3539.206 |
4486.214 |
7713.814 |
|
Profit |
128.488 |
185.489 |
4.001 |
|
|
3.63% |
4.13% |
0.05% |
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 |
No |
|
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
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10529404 |
09/10/2014 |
241,000.00 |
STATE BANK OF INDIA RASMECC PANJI |
ABOVE STATE BANK OF INDIA MAIN BRANCH, DR.DAYANAND BANDOKAR ROAD, PANJI, GOA - 403001, INDIA |
C32456121 |
|
2 |
10503877 |
02/06/2014 |
220,000,000.00 |
DHANLAXMI BANK LIMITED |
NO:13,KASTURBA ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
C07148976 |
|
3 |
10273635 |
26/02/2011 |
500,000,000.00 |
INDUSIND BANK LIMITED |
28, CENTENARY BUILDING, GROUND FLOOR, M G ROAD, |
B08665192 |
|
4 |
10253288 |
31/08/2010 |
40,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ ARAT - 390015, INDIA |
A96980487 |
|
5 |
10227490 |
18/12/2014 * |
1,300,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER, WTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C43173608 |
|
6 |
10210323 |
28/05/2014 * |
670,000,000.00 |
ORIENTAL BANK OF COMMERCE |
THE LANDMARK, NO. 21/15, M.G.ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
C06960819 |
|
7 |
10174157 |
05/08/2009 |
237,707,892.00 |
CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
2ND FLOOR, BRIGADE SOUTH PARADE, 10, M.G. ROAD, |
A68906122 |
|
8 |
10171407 |
01/12/2010 * |
1,070,000,000.00 |
STATE BANK OF INDIA |
CENTRAL BUSINESS DISTRICT BRANCH, ACR TOWERS, 3RD |
B04235693 |
|
9 |
10171315 |
15/07/2009 |
900,000,000.00 |
LIFE INSURANCE CORPORATION OF INDIA |
YOGAKSHEMA, JEEVAN BIMA MARG, MUMBAI, MAHARASHTRA |
A67910430 |
|
10 |
10165363 |
03/09/2014 * |
800,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH, SHANKARANARAYANA BUILDING, NO.25,
M G ROAD, BANGALORE, KARNATAKA -
560001, |
C20541975 |
|
11 |
10092990 |
23/12/2007 |
242,024,330.00 |
CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
2ND FLOOR, BRIGADE SOUTH PARADE, 10, M.G. ROAD, |
A34624379 |
|
12 |
10094610 |
23/12/2007 |
170,866,064.00 |
CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
2ND FLOOR, BRIGADE SOUTH PARADE, 10, M. G. ROAD, |
A35119312 |
|
13 |
10067919 |
06/08/2007 |
877,188,171.76 |
SOJITZ CORPORATION |
1-20, AKASAKA 6-CHOME, MINATO-KU, TOKYO JAPAN, |
A23543945 |
|
14 |
10048342 |
01/03/2007 |
222,825,680.60 |
SOJITZ CORPORATION |
1-20, AKASAKA 6-CHOME, MINATO-KU, TOKYO JAPAN, |
A13831425 |
|
15 |
80023771 |
24/06/2011 * |
500,000,000.00 |
INDUSIND BANK LIMITED |
5TH FLOOR, CENTENARY BUILDING, 28, M G ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
B16747032 |
|
16 |
80006841 |
29/06/2006 * |
325,500,000.00 |
CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
DIVYASHREE CHAMBERS 'B' WING NO 11 O'SHAUGNESSE, |
- |
|
17 |
80065809 |
25/09/2012 * |
160,000,000.00 |
STATE BANK OF TRAVANCORE |
RESIDENCY ROAD BRANCH,AISHWARYA CASTLE,# 10, CASTLE STREET, NEAR BRIGADE ROAD, ASHOK NAGAR, BANGALORE, KARNATAKA - 560025, INDIA |
B61444493 |
|
18 |
90197986 |
17/10/2002 * |
15,000,000.00 |
UTIO BANK LIMITED |
RAHEJA POINT; 2ND FLOOR, MAGARATH ROAD; ASHOK NAGAR, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
19 |
90195037 |
26/04/1991 |
3,700,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, ALMAS CENTRE EP DIVISION; MG ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Deferred sales tax loan |
23.588 |
33.492 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from others |
15.000 |
10.000 |
|
Total |
38.588 |
43.492 |
RESULTS FROM OPERATION
During the year, the Company earned a Gross Turnover including other income of Rs. 7747.700 Millions, the turnover increased as the Company could get the new order as anticipated in the financial year. The Company has taken up other related business and is highly confident of achieving good turnover in the coming years.
In order to conserve, the Directors do not recommend any dividend for the year.
The Company has taken up South India Distributorship for Gionee Brand of Mobile Phones and is also in advance stage of negotiation for taking up South India Distributorship for HTC Brand of Mobile Phones.
PRESENT/ FUTURE
PROSPECTS:
The Company got the order for implementation of the following projects in the respective States:
§ Smart Card based Driving License in the State of Maharashtra.
§ Jharkhand Wide Area Network (JHARNET), State of Jharkhand.
§ Kerala State Wide Area Network (KSWAN), State of Kerala.
§ Karnataka State Wide Area Network (KRSWAN), State of Karnataka.
§ Second Phase of Goa Broadband Network. (GBBN), in the State of Goa
§ Smart Card based Driving License in the State of Pondicherry.
§ Supply of Laptop to ELCOT in the State of Tamilnadu.
§ Supply of Caller Line Identification Phone to BSNL.
§ Supply of AP Mandal Networking in the State of Andhra.
§ Supply of Networking Equipments to Reserve Bank of India.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
(i) Guarantees given by Company's bankers |
937.068 |
1504.947 |
|
(ii) Unutilised Letter of Credit Remaining outstanding |
337.046 |
1101.380 |
|
(iii) Demand by Central Excise Authorities not accepted by the company and appealed against |
57.925 |
89.901 |
|
(iv) Demand by Service Tax authorities not accepted by the company |
75.146 |
69.873 |
|
(v) Demand by sales Tax authorities not accepted by the company |
6.489 |
6.489 |
|
(vi) customs duty payable on imported warehouse materials |
0.866 |
4.910 |
|
(vii) Uncalled liabilities on partly paid shares |
0.130 |
0.130 |
|
(viii) Unpaid allotment money |
6.250 |
6.250 |
|
(ix) Capital commitment less advance |
25.250 |
1.500 |
|
(x) Corporate Guarantee to PTC Financial Service Limited |
808.800 |
0.000 |
|
(xi) Demand by Income tax authorities not accepted by company |
6.040 |
0.000 |
FIXED ASSETS
Tangible
Assets
· Land
· Building
· Plant and Machinery
· Furniture and Fixtures
· Office Equipments
· Vehicles
· Computers
Intangible
Assets
· Software
· Goodwill
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.62.05 |
|
|
1 |
Rs.96.03 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
3 |
|
--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 |
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 |
|
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.