MIRA INFORM REPORT
|
Report No. : |
347182 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
PC TECHNOWLEDGE CENTRE PRIVATE LIMITED |
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|
|
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Formerly Known
As : |
PEREIRA AND CASTELLINO SURVEYORS AND ENGINEERS PRIVATE LIMITED |
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Registered
Office : |
1-3, Kshatriya Niwas Chambers, Building No. 5E, |
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Tel. No.: |
91-22-24441616 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.10.1980 |
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|
|
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Com. Reg. No.: |
11-023244 |
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Capital
Investment / Paid-up Capital : |
Rs.2.895 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U67200MH1980PTC023244 |
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|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP10776D |
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|
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PAN No.: [Permanent Account No.] |
AACCP0100H |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Software Development and
Software License Marketing. |
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|
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1980 having
satisfactory track. The company possesses an above average financial risk profile marked
by satisfactory networth base and decent liquidity position of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported as usually correct and as per commitment. In view of long track record and acceptable financial base, 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.
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Rakesh |
|
Designation : |
Marketing Head |
|
Contact No.: |
91-22-24444040 |
|
Date : |
26.10.2015 |
LOCATIONS
|
Registered Office / Head Office
: |
1-3, Kshatriya Niwas Chambers, Building No. 5E, |
|
Tel. No.: |
91-22-24441616 / 24443636 / 24444040 / 24441619 |
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Fax No.: |
91-22-24451860 |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Ganesh Madhav Kamat |
|
Designation : |
Director |
|
Address : |
F-12, Saraswat Colony, |
|
Date of Birth/Age : |
01.10.1955 |
|
Date of Appointment : |
08.10.1980 |
|
DIN : |
01283253 |
|
|
|
|
Name : |
Mr. Shubha Ganesh Kamat |
|
Designation : |
Director |
|
Address : |
F-12, Saraswat Colony, |
|
Date of Birth/Age : |
07.06.1959 |
|
Date of Appointment : |
28.03.2001 |
|
DIN : |
01224164 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh |
|
Designation : |
Marketing Head |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
Ganesh Madhav Kamat |
11830 |
|
Shubha Ganesh Kamat |
15120 |
|
Niranjan Ganesh Kamat |
1000 |
|
Mruddula Ganesh Kamat |
1000 |
|
Total |
28950 |
As on 29.09.2014
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 : |
Subject is engaged in the business of Software Development and
Software License Marketing. |
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Products / Services : |
·
Software Development ·
Software License Marketing |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS
= NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
70 (Approximately) |
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Bankers : |
·
ICICI Bank Limited ·
Citi Bank ·
State Bank of India |
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Facilities : |
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Auditors : |
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|
Name : |
N.G. Mathkar and Associates Chartered Accountants |
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Address : |
B-41, Indrayani Complex, J.K. Sawant Marg, Dadar, Mumbai – 400 028, |
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Tel. No. : |
91-22-24225150 |
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Mobile No. : |
91-9869045301 |
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PAN
No. : |
AAAPM7920R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates / Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28950 |
Equity Shares |
Rs.100/- each |
Rs.2.895 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 |
2.895 |
2.895 |
2.895 |
|
(b) Reserves & Surplus |
6.555 |
5.731 |
5.577 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
9.450 |
8.626 |
8.472 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
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|
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|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.766 |
5.449 |
0.105 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current
liabilities |
10.270 |
4.430 |
11.985 |
|
(d) Short-term provisions |
2.928 |
2.710 |
2.057 |
|
Total Current Liabilities (4) |
13.964 |
12.589 |
14.147 |
|
|
|
|
|
|
TOTAL |
23.414 |
21.215 |
22.619 |
|
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|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2.410 |
2.507 |
2.810 |
|
(ii) Intangible Assets |
0.000 |
0.077 |
0.153 |
|
(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 |
0.300 |
0.300 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.686 |
1.256 |
0.000 |
|
(e) Other Non-current assets |
0.444 |
0.438 |
0.000 |
|
Total Non-Current Assets |
4.540 |
4.578 |
3.263 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2.076 |
2.194 |
2.877 |
|
(c) Trade receivables |
12.537 |
10.703 |
11.248 |
|
(d) Cash and cash
equivalents |
2.107 |
1.857 |
2.391 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
2.154 |
1.883 |
2.840 |
|
Total Current Assets |
18.874 |
16.637 |
19.356 |
|
|
|
|
|
|
TOTAL |
23.414 |
21.215 |
22.619 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Software and IT Business
Income |
90.752 |
58.177 |
61.036 |
|
|
Miscellaneous Income |
0.185 |
0.202 |
0.203 |
|
|
TOTAL |
90.937 |
58.379 |
61.239 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Purchase and Gross Operating Expenses |
89.325 |
57.060 |
59.892 |
|
|
TOTAL |
89.325 |
57.060 |
59.892 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.612 |
1.319 |
1.347 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.274 |
0.306 |
0.340 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1.338 |
1.013 |
1.007 |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
NA |
NA |
NA |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
100.000 |
The above information has been parted by Mr. Rakesh (Marketing Head).
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 flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.71 |
4.84 |
4.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.12 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.08 |
0.63 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.32 |
1.37 |
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 |
2.895 |
2.895 |
2.895 |
|
Reserves & Surplus |
5.577 |
5.731 |
6.555 |
|
Net worth |
8.472 |
8.626 |
9.450 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.105 |
5.449 |
0.766 |
|
Total borrowings |
0.105 |
5.449 |
0.766 |
|
Debt/Equity ratio |
0.012 |
0.632 |
0.081 |
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) |
|
Software
and IT Business Income |
61.036 |
58.177 |
90.752 |
|
|
|
(4.684) |
55.993 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Software
and IT Business Income |
61.036 |
58.177 |
90.752 |
|
Profit Before Tax |
1.007 |
1.013 |
1.338 |
|
|
1.65% |
1.74% |
1.47% |
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 |
No |
|
5 |
Buyer visit details |
---------------------- |
|
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 |
No |
|
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 |
No |
|
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 four 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 |
No |
|
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 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10064733 |
05/06/2012 * |
7,500,000.00 |
BANK OF MAHARASHTRA |
JANMANGAL, 45/47, MUMBAI SAMACHAR MARG, FORT, MUMBAI - 400001, Maharashtra, INDIA |
B56915721 |
|
2 |
90371701 |
24/03/2001 * |
3,000,000.00 |
BANK OF MAHAHRASHTRA |
FORT BRANCH, MUMBAI, Maharashtra, INDIA |
- |
|
3 |
90371689 |
05/06/2012 * |
7,500,000.00 |
BANK OF MAHARASHTRA |
JANMANGAL, 45/47, MUMBAI SAMACHAR MARG, FORT, MUMBAI - 400001, Maharashtra, INDIA |
B56913569 |
|
4 |
90371687 |
07/04/1995 |
750,000.00 |
BANK OF MAHAHRASHTRA |
FORT BRANCH HAMAM STREET, FORT, MUMBAI, Maharashtra, INDIA |
- |
|
5 |
90371686 |
09/09/1994 |
350,000.00 |
BANK OF MAHAHRASHTRA |
FORT BRANCH, FORT, MUMBAI, Maharashtra, INDIA |
- |
|
6 |
90371642 |
05/09/1994 * |
21,000.00 |
BANK OF MAHAHRASHTRA |
FORT BRANCH HAMAM STREET, FORT, MUMBAI, Maharashtra, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Office Equipment
· Furniture and Fixture
· Vehicle
· Office Equipment
· Computer Systems and Printers
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.64.95 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
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 |
|
46 |
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.