MIRA
INFORM REPORT
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Report No. : |
305551 |
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Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BLUECOM INFOTECH PRIVATE LIMITED |
|
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Registered
Office : |
15, F-1, Om Sagar Darshan Society, Sector - 48, Seawoods, Navi Mumbai
– 400706, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
04.02.2010 |
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Com. Reg. No.: |
11-199695 |
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Capital
Investment / Paid-up Capital : |
Rs. 1.000 Million |
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CIN No.: [Company Identification
No.] |
U72900MH2010PTC199695 |
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TIN No.: |
27960799088 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB20849D |
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PAN No.: [Permanent Account No.] |
AAECB0418L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Seller and Service Provider of Computer Hardware and Software. |
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No. of Employees
: |
58 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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
record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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. Ravi Shankar |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-67247272 |
|
Date : |
29.01.2015 |
LOCATIONS
|
Registered Office : |
15, F-1, Om Sagar Darshan, Sector - 48, Seawoods, Navi Mumbai –
400706, Maharashtra, India |
|
Tel. No. : |
91-22-67247272 |
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Fax No. : |
91-22-67247272 |
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E-Mail : |
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Website : |
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Branch Office 1 : |
1st Floor, Prakash Kunj, V.N Purav Marg,
Behind Next Showroom, Sion Trombay Road , Chembur (East), Mumbai - 400071,
Maharashtra, India |
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Fax No.: |
91-22-67247215/ 67247272 |
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Branch Office 2 : |
2A, 1st Floor, House, Lamington Road, D.B. Marg, Next To D.B. Marg Police Station, Grant Road (East), Mumbai - 400007, Maharashtra, India |
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Fax No.: |
91-22-67247272/ 67247201 |
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E-Mail: |
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Branch Office 3 : |
22/N, Tilak Marg, 7 Dalibagh, Near FCI, Luckhnow – 226001, Uttar Pradesh, India |
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Fax No.: |
91-22-67247272 |
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E-Mail: |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Birendra Sukhram Yadav |
|
Designation : |
Director |
|
Address : |
15, F-1, Om Sagar Darshan Society, Sector 48, Seawoods,
Navi Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1973 |
|
Date of Appointment : |
04.02.2010 |
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DIN No.: |
01941687 |
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|
|
|
Name : |
Mr. Chanda Laljeet Yadav |
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Designation : |
Director |
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Address : |
15, F-1, Om Sagar Darshan Society, Sector 48, Seawoods,
Navi Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
01.09.1980 |
|
Date of Appointment : |
18.08.2010 |
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DIN No.: |
03178989 |
KEY EXECUTIVES
|
Name : |
Mr. Ravi Shankar |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Birendra Sukhram Yadav |
900000 |
90.00 |
|
Chanda Laljeet Yadav |
100000 |
10.00 |
|
Total |
1000000 |
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 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Seller and Service Provider of Computer Hardware and Software. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
Cash, Cheque and Credit |
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Purchasing : |
Cash, Cheque and Credit |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Aarvee Computers Bluecom Technologies Private Limited General Technologies Hipro Systems Infoline System Jayshree Infosys Maxtone Electronic Private Limited Neoteric Infomatique Limited Racca Infotech Private Limited Sterling Infoways Private Limited Sai Computers Venus Cargo and Logistics Private Limited Redington (India) Limited Massif Marketing Neoteric Infomatique Limited
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Customers : |
Wholesalers, Retailers and End Users · Abc Comnet Private Limited Balaji Infosystems Capacite Infraprojects Private Limited Dataformatics Consultancy Private Limited Eci Telecom India Private Limited Gharda Chemicals Limited Hariom Computer Services Ial Logistics India Limited Itv Computers Private Limited Kalys Infotech Private Limited Know-All-Edge Networks Private Limited Matrix Solutions Private Limited Miracle Systems N Tech Automation Paths Enterprise
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No. of Employees : |
58 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Jayesh R Shah and Associates Chartered Accountants |
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Address : |
321/02, Siddhivinayak Co-operative Housing Society Limited, Hingwala Lane, Ghatkopar East, Mumbai – 400077, Maharashtra, India |
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Tel. No. : |
91-22-25010917/ 65235899 |
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Mobile No. : |
91-9820006820 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAVPS3735K |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 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 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
1.000 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
25.308 |
16.011 |
6.447 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
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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) |
26.308 |
16.111 |
6.547 |
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|
|
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(3) Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
1.050 |
3.173 |
3.168 |
|
(b) Deferred tax liabilities (Net) |
0.278 |
0.117 |
0.059 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
1.328 |
3.290 |
3.227 |
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|
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(4) Current Liabilities |
|
|
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|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
79.260 |
63.685 |
50.297 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
2.027 |
3.832 |
3.277 |
|
Total Current Liabilities (4) |
81.287 |
67.517 |
53.574 |
|
|
|
|
|
|
TOTAL |
108.923 |
86.918 |
63.348 |
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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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|
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|
(i) Tangible assets |
1.881 |
1.099 |
0.707 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1.881 |
1.099 |
0.707 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
22.634 |
21.207 |
9.918 |
|
(c) Trade receivables |
64.390 |
54.298 |
47.716 |
|
(d) Cash and cash
equivalents |
17.337 |
7.699 |
4.066 |
|
(e) Short-term loans and
advances |
1.820 |
1.636 |
0.004 |
|
(f) Other current assets |
0.861 |
0.979 |
0.937 |
|
Total Current Assets |
107.042 |
85.819 |
62.641 |
|
|
|
|
|
|
TOTAL |
108.923 |
86.918 |
63.348 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
604.035 |
478.903 |
388.006 |
|
|
|
Other Income |
26.239 |
27.248 |
11.277 |
|
|
|
TOTAL (A) |
630.274 |
506.151 |
399.283 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
586.787 |
|
|
|
|
|
Changes in Inventories of Finished Goods, Work in Progress and Stock-in- Trade |
(1.427) |
(11.288) |
|
|
|
|
Employee Benefits Expense |
16.659 |
15.857 |
|
|
|
|
Other Expense |
13.823 |
12.082 |
|
|
|
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TOTAL (B) |
615.842 |
491.422 |
391.025 (Including
Financial Expenses) |
|
|
|
|
|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
14.432 |
14.729 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.028 |
0.027 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.404 |
14.702 |
8.258 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.666 |
0.397 |
0.159 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
13.738 |
14.305 |
8.099 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.560 |
4.739 |
2.561 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
9.178 |
9.566 |
5.538 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
|
|
957.00 |
553.80 |
|
Expected Sales (2014-2015): Rs. 630.200 Millions
The above information has been parted by Mr. Ravi Shankar (Accounts
Head).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.52 |
2.00 |
1.43 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
2.39 |
3.08 |
NA |
|
|
|
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|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.61 |
16.46 |
12.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52 |
0.89 |
1.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.04 |
0.20 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.27 |
1.17 |
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 |
0.100 |
0.100 |
1.000 |
|
Reserves & Surplus |
6.447 |
16.011 |
25.308 |
|
Net
worth |
6.547 |
16.111 |
26.308 |
|
|
|
|
|
|
long-term borrowings |
3.168 |
3.173 |
1.050 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
3.168 |
3.173 |
1.050 |
|
Debt/Equity
ratio |
0.484 |
0.197 |
0.040 |
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 |
388.006 |
478.903 |
604.035 |
|
|
|
23.427 |
26.129 |
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 |
388.006 |
478.903 |
604.035 |
|
Profit |
5.538 |
9.566 |
9.178 |
|
|
1.43% |
2.00% |
1.52% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES
OF LONG TERM DEBTS: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10277768 |
14/02/2011 |
2,500,000.00 |
BANK OF INDIA |
AARATI BUILDING, AMRUT NAGAR, GHATKOPAR (WEST), MUMBAI, MAHARASHTRA - 400086, INDIA |
B09761321 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances
from directors |
|
|
|
Birendra Yadav |
0.450 |
2.573 |
|
Chanda Yadav |
0.600 |
0.600 |
|
Total |
1.050 |
3.173 |
OPERATIONS AND
PROSPECTS
The Sales of the Company are indicators of good performance of the Company. The Director have put efforts to increase the profits of the Company and are considering various steps to develop new lines in production as well as trying to diversify the activities. The Directors are hopeful of good prospects of the Company.
FINANCE
The Company has not accepted any fixed deposit from the public and shareholders.
FIXED ASSETS
· Computer
Fax
Furniture
and Fixtures
Office
Equipment
Software
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.61.50 |
|
|
1 |
Rs.93.12 |
|
Euro |
1 |
Rs.69.33 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
5PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.