MIRA INFORM REPORT
|
Report No. : |
332171 |
|
Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ASMACS SYSTEMS SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
123, Atlanta, 12th Floor, Nariman Point, Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-22885426 / 22885427 / 22856306 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.11.2003 |
|
|
|
|
Com. Reg. No.: |
11-143121 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2003PTC143121 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA5840P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of computer and its peripherals. |
|
|
|
|
No. of Employees
: |
28 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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Comments : |
Subject is a relatively small company having moderate track. Rating takes into consideration, subjects moderate financial risk
profile marked by weak networth base, modest scale of operations, low
profitability and relatively huge external borrowing taken by the company
which acts as a threat to its liuquidity position. However, these rating weaknesses are partially offset by satisfactory
cash reserves, extensive experience of promoters and long track record of
operations. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. Subject 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
CRISIL |
|
Rating |
SE 3B |
|
Rating Explanation |
Moderate performance capability and moderate financial strength. |
|
Date |
20.11.2014 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Yogesh Darji |
|
Designation : |
Accountant |
|
Contact No.: |
91-9029328105 |
|
Date : |
21.07.2015 |
|
|
|
|
Name : |
Mr. Satya Suraprasad Paridaa |
|
Designation : |
Director |
|
Contact No.: |
91-9323571850 |
|
Date : |
21.07.2015 |
LOCATIONS
|
Registered Office : |
123, Atlanta, 12th Floor, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22885426 / 22885427 / 22856306 / 28555628 / 648 |
|
Mobile No.: |
91-9323571850 (Mr. Satya Suraprasad Paridaa) 91-9029328105 (Mr. Yogesh Darji) |
|
Fax No.: |
91-22-22855409 / 228374494 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq.ft. |
|
Location : |
Owned |
|
|
|
|
Head Office / Corporate Office : |
111, Sai Chamber, 4th Floor, Opposite Railway Station, Santacruz (East), Mumbai – 400055, Maharashtra, India |
|
Tel. No.: |
91-22-26125403 / 26104971/72 / 4561901 / 4561902 / 26135301 / 26125191 / 26125167 / 26180997 |
|
Fax No.: |
91-22-26132999 / 26147103 / 26146937 |
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|
|
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Branch Office1 : |
111, Sai Chamber, 1st Floor, Opposite Railway Station, Santacruz (East), Mumbai – 400055, Maharashtra, India |
|
Area : |
1600 Sq.ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office 2: |
(Bhubaneswar) House No. 6, Plot No. 17, Archana Vihar, Khandagiri, Bhubaneswar – 751 030, Orissa, India Tel: 91-674-2384517 / 2384579 / 3292776 Fax: 91-6742384603 (Kochi) Plot No .39/4022, Opposite Sri Krishna Lodge, Ravipuram Road, Kochi – 682 016, Kerala, India Tel: 91-484-2356209 / 2356243 / 2356048 Fax: 91-484-2357670 (Chennai) #2, KV Colony, 6th Street, 2nd Floor, Sree Ganesh Building, Off Arya Gowda Road,Landmark: Ayodhya Mandapam and adjacent to Bajaj Jai Auto West Mambalam,Chennai – 600033, Tamilnadu, India Tel: 91-44-24740857 / 58 / 24740490 Fax: 91-44- 24740856
(Goa) House No. 160, Behind Verna Panchayat, Salcette, Goa, India Tel: 91-832 2888073 / 2888863 Fax: 91-832-2783061 (Kolkata) Akbarmansion, P-1, New C.I.T. Road, 2nd Floor, Kolkata
India Fax: 91-33-22373431
(Chennai) Sivagangai Road Perumalpatti - Mellur (TK) Madurai – 625
106 Tamilnadu, India (Hyderabad) Asmacs, Om Sai Arcade, H.No :-1-2-597/27 Second Floor,
Flat # 201, Lower Tank bund, Opposite : - katta Maisama Temple, Above
Laxminarayana Gayatri Jewelers, Near Secretariate Flyover, Hyderabad –
500029, Andhra Pradesh, India Fax: 91-40-23266365 |
|
|
|
|
Overseas Office : |
Located At :
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Krishna Dev Mohanty |
|
Designation : |
Director |
|
Address : |
908/C 9th Floor Lakeside Raheja Vihar, Chandivali Powai, Mumbai - 400072, Maharashtra, India |
|
Date of Birth/Age : |
27.09.1981 |
|
Date of Appointment : |
13.11.2003 |
|
DIN No.: |
01771470 |
|
|
|
|
Name : |
Mr. Dev Loknath Mohanty |
|
Designation : |
Director |
|
Address : |
908/C 9th Floor Lakeside Raheja Vihar, Chandivali Powai, Mumbai - 400072, Maharashtra, India |
|
Date of Birth/Age : |
27.02.1957 |
|
Date of Appointment : |
13.11.2003 |
|
DIN No.: |
01538385 |
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|
|
|
Name : |
Harapriya Dev Mohant |
|
Designation : |
Director |
|
Address : |
908/910, C Wing, Lake Side, Raheja Vihar, Powai, Mumbai - 400072, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1959 |
|
Date of Appointment : |
13.11.2003 |
|
DIN No.: |
01604356 |
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|
|
|
Name : |
Mr. Satya Suraprasad Paridaa |
|
Designation : |
Director |
|
Address : |
908/910, Dev Mohanty, Lake Side, Raheja Vihar, Powai, Mumbai - 400072, Maharashtra, India |
|
Date of Birth/Age : |
16.03.1977 |
|
Experience : |
13 Years |
|
Date of Appointment : |
11.09.2009 |
|
PAN No.: |
AKMPP4017E |
|
DIN No.: |
01987034 |
KEY EXECUTIVES
|
Name : |
Mr. Yogesh Darji |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Dev Loknath Mohanty |
6,800 |
68.00 |
|
Harapriya Dev Mohanty |
3,200 |
32.00 |
|
Total |
10,000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of computer and its peripherals. |
|
|
|
|
Products : |
Computer and its peripherals |
|
|
|
|
Brand Names : |
Not Divulged |
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|
Agencies Held : |
·
CIDCO ·
D-Link ·
Molex ·
HP ·
Dell ·
Lenovo ·
IBM ·
Canon ·
Epson ·
Net Apps etc. |
|
|
|
|
Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
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Terms : |
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Selling : |
Credit (60 days) |
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|
|
Purchasing : |
Credit (60 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users · CIDCO · Indian Railway · Air India · Roche Pharma · AGS Logistic · ABG Cement · ABG Shipyard · MRCC · Financial Technology · CMC Limited · ACG PAM Pharma · ELOMATIC Pharma Lab Consulting and Engineering · Gujarat Sidhee Cement Limited · Hindustan Chemical Company · MAN Industries · Saurashtra Cement · TATA advance Systems Limited · VVF Limited · UBICO Networks · Reliance · BPCL · VSNL · Central Railway · Aegis Logistics · Konkan Storage · BLA Industries · Wanbury Limited · Bharti Shipyard · Peninsula Land Limited · Oman Consulate · Ambassador Hotel · CARE · Kukreja Enterprise · VVF · JGC Construction · Elcon Energy ·
Ajara Bank |
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No. of Employees : |
28 (Approximately) |
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Bankers : |
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Auditors : |
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|
Name : |
Shankar and Kishor Chartered Accountants |
|
Address : |
B/702/703, Oxford Chambers, Saki Vihar Road, Near L&T, Powai, Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-28478833 / 44 |
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Fax No.: |
91-22-28578855 |
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E-Mail: |
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PAN No.: |
AABFS2700A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Entity under Common
Control: |
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Sister Concern: |
ASMACS Address: 411,
4th Floor, Sai Chambers, Opposite Railway Station, Activity : Consultancy |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves &
Surplus |
0.978 |
0.737 |
0.432 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.320 |
0.320 |
|
Total Shareholders’ Funds
(1) + (2) |
1.078 |
1.157 |
0.852 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
5.027 |
6.895 |
7.256 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.002 |
|
(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) |
5.027 |
6.895 |
7.258 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
1.361 |
0.679 |
0.813 |
|
(c) Other current
liabilities |
1.195 |
0.774 |
0.543 |
|
(d) Short-term provisions |
1.011 |
0.734 |
0.664 |
|
Total Current Liabilities
(4) |
3.567 |
2.187 |
2.020 |
|
|
|
|
|
|
TOTAL |
9.672 |
10.239 |
10.130 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.027 |
0.033 |
0.045 |
|
(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 |
0.027 |
0.033 |
0.045 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1.128 |
1.298 |
3.003 |
|
(c) Trade receivables |
4.362 |
5.067 |
4.339 |
|
(d) Cash and cash
equivalents |
2.027 |
1.779 |
0.646 |
|
(e) Short-term loans and
advances |
0.939 |
1.131 |
0.822 |
|
(f) Other current assets |
1.189 |
0.931 |
1.275 |
|
Total Current Assets |
9.645 |
10.206 |
10.085 |
|
|
|
|
|
|
TOTAL |
9.672 |
10.239 |
10.130 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
21.825 |
16.868 |
28.485 |
|
|
Other Income |
0.049 |
0.825 |
0.021 |
|
|
TOTAL |
21.874 |
17.693 |
28.506 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
14.304 |
11.775 |
17.917 |
|
|
Employees benefits
expense |
5.428 |
5.172 |
7.984 |
|
|
Other expenses |
1.728 |
0.254 |
1.830 |
|
|
TOTAL |
21.460 |
17.201 |
27.731 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
0.414 |
0.492 |
0.775 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.004 |
0.018 |
0.003 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
0.410 |
0.474 |
0.772 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.006 |
0.012 |
0.018 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.404 |
0.462 |
0.754 |
|
|
|
|
|
|
|
Less |
TAX |
0.165 |
0.118 |
0.118 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.239 |
0.344 |
0.636 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
23.95 |
34.35 |
63.57 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.10 |
2.04 |
2.23 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
1.90 |
2.92 |
2.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.18 |
4.51 |
7.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.40 |
0.88 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.66 |
5.96 |
8.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.70 |
4.67 |
4.99 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.432 |
0.737 |
0.978 |
|
Share Application money
pending allotment |
0.320 |
0.320 |
0.000 |
|
Net worth |
0.852 |
1.157 |
1.078 |
|
|
|
|
|
|
long-term borrowings |
7.256 |
6.895 |
5.027 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
7.256 |
6.895 |
5.027 |
|
Debt/Equity ratio |
8.516 |
5.959 |
4.663 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
28.485 |
16.868 |
21.825 |
|
|
|
(40.783) |
29.387 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
28.485 |
16.868 |
21.825 |
|
Profit |
0.636 |
0.344 |
0.239 |
|
|
2.23% |
2.04% |
1.10% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
------------------------------------------------------------------------------------------------------------
UNSECURED LOAN
(RS.
IN MILLION)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
|
|
|
Dev Mohanty |
5.027 |
6.345 |
|
F,L.Dias |
0.000 |
0.550 |
|
Total |
5.027 |
6.895 |
------------------------------------------------------------------------------------------------------------
STATEMENT OF TOTAL INCOME
ASSESSMENT
YEAR 2014-2015
(RS.
IN MILLION)
|
PARTICULARS |
AMOUNT |
|
|
Profit and Gains
from Business or Profession |
|
|
|
|
|
|
|
Net Profit as
per Profit and Loss Account |
0.404 |
|
|
Add: Disallowed
Expenses |
|
|
|
Labour Charges
u/s 40 (A) |
0.123 |
|
|
Total |
0.527 |
|
|
Add:
Depericiation as per Companies Act |
0.006 |
|
|
Total |
0.533 |
|
|
Less :
Depericiation as per Income Tax |
0.004 |
0.529 |
|
|
|
|
|
Total Income |
|
0.529 |
|
|
|
|
|
Less : Deduction Under Chapter VI-A |
|
0.000 |
|
|
|
|
|
Net taxable
income |
|
0.529 |
|
|
|
|
|
Tax on Rs.0.641
Million
[A] |
|
0.159 |
|
|
|
|
|
Tax Liability as
per MAT |
|
|
|
Book profit as
per 115 JB |
|
0.404 |
|
|
|
|
|
Tax 18.5% on
Book Profit
[B] |
|
0.075 |
|
|
|
|
|
Tax payable (A or
B whichever is higher) |
|
0.159 |
|
|
|
|
|
Add: Education Cess@3% |
|
0.005 |
|
|
|
|
|
Total tax
payable |
|
0.164 |
|
|
|
|
|
Less : T.D.S. |
|
0.251 |
|
Less : Advance Tax |
|
0.035 |
|
|
|
|
|
(Refundable) |
|
(0.122) |
------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
ASMACS SYSTEMS SOLUTIONS PRIVATE LIMITED
(RS.
IN MILLION)
|
PARTICULARS |
AMOUNT |
||
|
ASSETS |
|
|
|
|
|
|
|
|
|
Fixed Assets |
0.033 |
0.045 |
0.063 |
|
|
|
|
|
|
Current
Investments |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Loans and
Advances |
|
|
|
|
Short term Loans and Advances |
1.131 |
0.822 |
1.270 |
|
|
|
|
|
|
Other Current
Assets |
7.296 |
8.617 |
8.564 |
|
|
|
|
|
|
Cash and Cash
Equivalents |
1.779 |
0.646 |
1.839 |
|
|
|
|
|
|
TOTAL
ASSETS
[A] |
10.239 |
10.130 |
11.736 |
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
Share Application money pending allotment |
0.320 |
0.320 |
0.320 |
|
Unsecured Loans |
6.895 |
7.256 |
8.049 |
|
Deffered tax liabilities |
0.000 |
0.002 |
0.005 |
|
Other current liabilities |
1.453 |
1.356 |
2.546 |
|
Short term provisions |
0.734 |
0.664 |
0.716 |
|
|
|
|
|
|
TOTAL
LIABILITIES
[B] |
9.402 |
9.598 |
11.636 |
|
|
|
|
|
|
NETWORTH
[A-B] |
0.837 |
0.532 |
0.100 |
------------------------------------------------------------------------------------------------------------
COMPANY
PROFILE
Asmacs is a professionally managed company with a qualified management and technical team providing end-to-end Information Technology solutions for medium and large business enterprises.
Over a decade, they have built a loyal client base that relies on them for providing and managing their information technology solutions. Associating with the best in IT majors in India and abroad; they strive to bring the best-of-breed solutions that meet the immediate and future needs of their clients.
At Asmacs, their mantra to built customer loyalty is through timely and efficient service. Understanding the demands of the corporate world and their ever-ready attitude has won them many prestigious projects.
Asmacs customer profile has been developed over the years to include successful and IT-savvy companies in all the Segment. They have a strong understanding of needs of overseas branch operations and subsidiaries of large multinational corporations. Over a decade of service to this sector has honed their skills to anticipate and meet IT plans of their customers.
Their long association with leading IT companies such as IBM and Cisco has provided us with an excellent technical and customer orientation that is hard to find in this city. Their technical aptitude is matched by their positive attitude towards problem solving and resource management of their customer needs.
Since 2003, they have added many clients to their list, but they are more proud of the fact that we have now client relationships that span well over a decade.
Asmacs provides solutions for various Hardware and Software vendor technologies, giving customers increased options for managing their growth needs related to the demands of Enterprise Computing. Asmacs is committed to providing flexible, value oriented licensing and pricing options for all the products. Some of the Product brands are:
|
Personal
Computers •
Lenovo •
HP •
Wipro |
Laptops •
Lenovo •
HP |
|
Servers
(Intel) •
IBM •
HP (Compaq) •
Wipro |
Servers
(Unix) •
IBM •
HP •
Sun |
|
Backup
Products •
HP •
IBM •
iOmega |
Storage
Products •
IBM •
HP •
Netapps •
Hitachi |
|
Peripherals •
HP •
Canon •
D-link •
Samsung •
Epson |
Telecom
Products •
Nortel Networks -
Voice -
Data |
|
Networking
Products •
Cisco •
3Com •
D-link |
PC
Add-ons •
HDD (IBM, Seagate) •
RAM (Hyundai, Transend) •
CDROMs / DVDs •
CD Writers |
|
Structured
Cabling •
Avaya (Lucent) •
D-link •
AMP •
Molex |
Security
Solutions •
Nokia •
Checkpoint •
Cisco PIX Zyxel Zywall |
|
FM
Services •
Facility Management |
Softwares •
Microsoft •
Oracle •
IBM •
Citrix •
Veritas (Backup Management Software) |
BUSINESS DIVISIONS
The company has five business teams, each focused on meeting the different needs of their customers.
ENTERPRISE SOLUTIONS
DIVISION
They provide enterprise solutions for medium and large corporate entities in India and Overseas. Their client base is largely focused in all the segments where they enjoy a good reputation and customer loyalty.
These solutions consist of Servers, Routers, Workstations, Personal Notebooks, in the hardware range. Their software solutions include Microsoft/Unix/Linux operating systems, Internet/Intranet servers, Mail and Collaboration Servers, as well as desktop tools.
PROJECT MANAGEMENT
DIVISION
Their project team works with clients to execute large turnkey projects for enterprise Level communication and networking projects. Their services range from Network Design, Procurement, Implementation and support.
TELECOM SALES
DIVISION
They offer turnkey solutions on large telecom requirements of enterprise customers this includes basic EPABX requirements, Customized Call Centre Solutions, IP Office Solutions, etc
FACILITY MANAGEMENT
DIVISION
Their blue-chip clients rely on them to keep their IT investments running round the clock with ever-available facility management services from their FM division. Their support includes hardware as well as software support with clients enjoying their in-house or on call support plans. Their team is well qualified and resourceful to provide an excellent uptime for clients.
NETWORK SECURITY
DIVISION
Protecting customer networks is the prime task of their engineers in the Network Security Division. Their services include framing of security policies, network risk assessment, threat advisory services, and installation of security software and hardware.
THE TEAM
Their management team has two important assets that most of their clients seek. Technical Qualification and Customer Orientation. The company is guided by Mr. Dev Mohanty, who sets the strategic direction and monitors customer satisfaction. A young and dynamic industry veteran Mr. Satya Paridaa, Executive Director heads the operations team.
An enthusiastic team of Solution Experts, Technology Gurus, and Support Engineers make the backbone of the organization.
INFRASTRUCTURE
Located in the heart of Mumbai, the company premises provide the support to run its Operations. A local area network with Windows 2000 servers, Exchange Servers, and a Linux Server provide a multi-environment setup to simulate most customer situations. A dedicated Internet link ensures that their customers are always in touch with them.
------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES
|
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
90145313 |
27/07/2004 |
14,000,000.00 |
THE BHARAT CO-OP. BANK LIMITED |
Kalina Branch, Geesee Co-Operative Housing Society Limited, Opposite Vidhyanagari University Complex, Kalina, Sant, Mumbai - 400098, Maharashtra, India |
- |
|
90144897 |
09/01/2004 |
2,238,080.00 |
UNION BANK OF INDIA |
Khar Branch, Pukhraj Mahal, 708, Linking Road, Mumbai - 400052, Maharashtra, India |
- |
FINANCIAL RESULTS
The Company has made a Profit of Rs. 0.239 Million after tax during the year and expected better performance in the coming years.
WORKING OF THE
COMPANY
The company has reported a turnover of Rs. 21.825 Million during the year compared to the Previous years turnover of Rs. 16.868 Million. The directors are hopeful to achieving better turnover in the coming years.
------------------------------------------------------------------------------------------------------------
FIXED ASSETS
- Computer and Accessories
- Office Equipment
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal 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.63.65 |
|
|
1 |
Rs.99.14 |
|
Euro |
1 |
Rs.68.91 |
INFORMATION DETAILS
|
Information Gathered
by : |
DPA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
|
26 |
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.