MIRA INFORM REPORT
|
Report No. : |
339377 |
|
Report Date : |
03.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SYSCOM CORPORATION PRIVATE LIMITED (w.e.f. 28.05.2015) |
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|
|
|
Formerly Known
As : |
SYSCOM CORPORATION LIMITED (w.e.f. 07.01.2004) SYSCOM TECHNOLOGIES LIMITED |
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Registered
Office : |
714,
Raheja Chambers, 213, Nariman Point, Mumbai – 400 021, |
|
Tel. No.: |
91-22-22820538 |
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|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.08.1996 |
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Com. Reg. No.: |
11-101691 |
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Capital
Investment / Paid-up Capital : |
Rs.0.971 Million |
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|
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CIN No.: [Company Identification
No.] |
U73100MH1996PTC101691 |
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IEC No.: |
Not Available |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS37101B |
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PAN No.: [Permanent
Account No.] |
AABCS2000C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged
in the business of manufacturing of Smart Cards, SIM Cards and Banking Cards and
providing Value Added Services and software development to the telecom and
banking industry. |
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|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “MORPHO CARDS GMBH", GERMANY. It is well-established company having fine track record. The rating reflects company's healthy financial risk profile marked by adequate net worth base and decent profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good for normal 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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2013.
INFORMATION DECLINED
MANAGEMENT NON CO-OPERATIVE (91-22-22820538 / 91-120-4072666)
LOCATIONS
|
Registered Office / Factory 1 : |
714,
Raheja Chambers, 213, Nariman Point, Mumbai – 400 021, |
|
Tel. No.: |
91-22-22873113 / 32442405 |
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Fax No.: |
91-22-22820538 |
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E-Mail : |
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Website : |
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Head Office : |
D-216/217, Sector
63, Noida-201307, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4072600 |
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Fax No.: |
91-120-4072789 |
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|
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Factory 2 : |
Noida Special Economic Zone, Noida – 201305, Uttar Pradesh, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sanjeev Shriya |
|
Designation : |
Managing director |
|
Address : |
113/181, Swaroop Nagar, Kanpur - 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
18.02.1959 |
|
Qualification: |
CA |
|
Date of Appointment : |
29.10.2004 |
|
DIN No.: |
00014402 |
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PAN No.: |
AAVPS6151R |
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|
|
|
Name : |
Mr. Alok Mukherjee |
|
Designation : |
Director |
|
Address : |
K-12, 3rd Floor, Block-K, Hauz Khas Enclave,, New Delhi - 110016, India |
|
Date of Birth/Age : |
17.07.1959 |
|
Qualification: |
MBA |
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Date of Appointment : |
30.03.2014 |
|
DIN No.: |
00186055 |
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PAN No.: |
AANPM6155D |
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|
|
|
Name : |
Philippe Dandrea |
|
Designation : |
Director |
|
Address : |
14 Bis Rue Gambetta, Le Mesnil Le Roi, 78600, France |
|
Date of Birth/Age : |
07.02.1959 |
|
Qualification: |
Graduation |
|
Date of Appointment : |
14.12.2007 |
|
DIN No.: |
02016286 |
|
|
|
|
Name : |
Marc Antoine Guillard |
|
Designation : |
Director |
|
Address : |
2 Rue Fragonard, 92 Issy-Les-Moulineaux, Issy Les Moulineaux, 92130, France |
|
Date of Birth/Age : |
27.04.1964 |
|
Date of Appointment : |
26.03.2008 |
|
DIN No.: |
02243589 |
|
|
|
|
Name : |
Franck Jean Michel Herault |
|
Designation : |
Alternate director |
|
Address : |
I-20, Maharani Bagh, New Delhi - 110025, India |
|
Date of Birth/Age : |
20.08.1964 |
|
Date of Appointment : |
22.02.2012 |
|
DIN No.: |
02629247 |
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|
|
|
Name : |
Pascal Alain Joseph |
|
Designation : |
Additional director |
|
Address : |
Magnanerie Ouest Montfinal, 926, Route de Calas, Bouc-Bel-Air, France, 13320, France |
|
Date of Appointment : |
12.11.2014 |
|
DIN No.: |
07006024 |
KEY EXECUTIVES
|
Name : |
Mr. Surinder Mohan Kharbanda |
|
Designation : |
Chief Finance Officer |
|
Address : |
House No. 888, Sector 9, Faridabad - 121006, Haryana,
India |
|
Date of Appointment : |
21.04.2015 |
|
PAN No: |
ADEPK1756C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Aythora Chhanalal Suresh Jointly with Smart Chip Limited, India |
|
1 |
|
Khare Omprakash Jointly with Smart Chip Limited, India |
|
1 |
|
Smart Chip Limited, India |
|
97127 |
|
Shriya Balkrishna Jointly with Smart Chip Limited, India |
|
1 |
|
Srivastava Ghanshyamlal Jointly with Smart Chip Limited, India |
|
1 |
|
Gokul Ghisoolal Jointly with Smart Chip Limited, India |
|
1 |
|
Kutty Narayanan K Jointly with Smart Chip Limited, India |
|
1 |
|
Total |
|
97133 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged
in the business of manufacturing of Smart Cards, SIM Cards and Banking Cards and
providing Value Added Services and software development to the telecom and
banking industry. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
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Bankers : |
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Auditors : |
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Name : |
S. N. Dhawan and Company Chartered Accountant |
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Address : |
C-37, Connought Place |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAQFS0580H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
company: |
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Holding company: |
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Others related
party: |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
97133 |
Equity Shares |
Rs.10/- each |
Rs. 0.971
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 |
0.971 |
0.971 |
0.971 |
|
(b) Reserves & Surplus |
1488.766 |
1189.265 |
897.782 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1489.737 |
1190.236 |
898.753 |
|
|
|
|
|
|
(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 |
5.812 |
5.812 |
|
(d) long-term provisions |
57.176 |
53.264 |
41.031 |
|
Total
Non-current Liabilities (3) |
57.176 |
59.076 |
46.843 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
147.289 |
321.398 |
46.267 |
|
(b) Trade payables |
1318.377 |
1527.219 |
1923.605 |
|
(c) Other current liabilities |
109.550 |
54.263 |
74.398 |
|
(d) Short-term provisions |
42.767 |
39.784 |
32.389 |
|
Total
Current Liabilities (4) |
1617.983 |
1942.664 |
2076.659 |
|
|
|
|
|
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TOTAL |
3164.896 |
3191.976 |
3022.255 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
568.191 |
540.688 |
334.902 |
|
(ii) Intangible Assets |
15.264 |
9.518 |
10.224 |
|
(iii) Capital work-in-progress |
34.271 |
3.321 |
23.071 |
|
(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) |
60.401 |
40.153 |
30.723 |
|
(d) Long-term Loan and Advances |
16.756 |
14.926 |
30.078 |
|
(e) Other Non-current assets |
0.120 |
10.469 |
9.147 |
|
Total
Non-Current Assets |
695.003 |
619.075 |
438.145 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
858.905 |
1013.887 |
924.446 |
|
(c) Trade receivables |
1251.988 |
1162.532 |
1324.604 |
|
(d) Cash and cash equivalents |
326.810 |
368.366 |
319.344 |
|
(e) Short-term loans and
advances |
31.009 |
28.095 |
14.832 |
|
(f) Other current assets |
1.181 |
0.021 |
0.884 |
|
Total
Current Assets |
2469.893 |
2572.901 |
2584.110 |
|
|
|
|
|
|
TOTAL |
3164.896 |
3191.976 |
3022.255 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
6429.029 |
5921.098 |
5078.374 |
|
|
Other Income |
110.802 |
131.850 |
117.197 |
|
|
TOTAL
(A) |
6539.831 |
6052.948 |
5195.571 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
4847.514 |
4482.767 |
3622.798 |
|
|
Purchases of Stock-in-Trade |
41.924 |
144.785 |
316.992 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
32.731 |
(28.528) |
30.338 |
|
|
Employees benefits expense |
578.872 |
508.242 |
424.146 |
|
|
Other expenses |
517.061 |
473.043 |
426.275 |
|
|
TOTAL
(B) |
6018.102 |
5580.309 |
4820.549 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
521.729 |
472.639 |
375.022 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.349 |
6.043 |
5.309 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
510.380 |
466.596 |
369.713 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
135.822 |
100.868 |
71.148 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
374.558 |
365.728 |
298.565 |
|
|
|
|
|
|
|
Less |
TAX (H) |
75.056 |
74.245 |
67.281 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
299.502 |
291.483 |
231.284 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1129.735 |
838.252 |
606.968 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
1429.237 |
1129.735 |
838.252 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Sale of products |
4419.080 |
3998.666 |
3068.036 |
|
|
Sale of software |
413.382 |
304.958 |
272.632 |
|
|
TOTAL
EARNINGS |
4832.462 |
4303.624 |
3340.668 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Material & Consumables |
4253.614 |
4352.950 |
3694.485 |
|
|
Capital Goods |
156.027 |
242.064 |
31.130 |
|
|
TOTAL
IMPORTS |
4409.641 |
4595.014 |
3725.615 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3083.42 |
3000.86 |
2381.11 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.036 |
1.103 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
315.573 |
76.205 |
284.015 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.66 |
4.92 |
4.55 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.12 |
7.98 |
7.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.20 |
11.62 |
10.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.31 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.10 |
0.27 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53 |
1.32 |
1.24 |
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 |
0.971 |
0.971 |
0.971 |
|
Reserves & Surplus |
897.782 |
1189.265 |
1488.766 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
898.753 |
1190.236 |
1489.737 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
46.267 |
321.398 |
147.289 |
|
Current maturities of
long-term debts |
1.103 |
0.036 |
0.000 |
|
Total
borrowings |
47.370 |
321.434 |
147.289 |
|
Debt/Equity
ratio |
0.053 |
0.270 |
0.099 |
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 |
5078.374 |
5921.098 |
6429.029 |
|
|
|
16.594 |
8.578 |
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 |
5078.374 |
5921.098 |
6429.029 |
|
Profit |
231.284 |
291.483 |
299.502 |
|
|
4.55% |
4.92% |
4.66% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND
The Company is a wholly owned subsidiary Company of Smart Chip Limited. The Company has been engaged in the business of manufacturing of Smart Cards, SIM Cards and Banking Cards and providing Value Added Services and software development to the telecom and banking industry.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
147.289 |
321.398 |
|
Total |
147.289 |
321.398 |
NDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10503876 |
17/06/2014 |
4,000,000.00 |
CANARA BANK |
74, JANPATH, NEW DELHI, DELHI - 110001, INDIA |
C06906341 |
|
2 |
10505627 |
17/06/2014 |
1,000,000.00 |
CANARA BANK |
74, JANPATH, NEW DELHI, DELHI - 110001, INDIA |
C06906911 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
Liability on income tax demand (including fringe benefit tax and income tax penalty) that may arise in respect of which the Company has gone on appeal against the department.* |
112.900 |
49.814 |
|
Disputed demands raised by Sales tax authorities for which the Company has gone on appeal against the department * |
5.194 |
5.623 |
|
Guarantees issued by bankers on behalf of Company (including letters of credit) |
5.015 |
36.542 |
|
Claim against the company not acknowledged as debt |
1.800 |
1.800 |
|
Estimated amount of contracts remaining to be executed on capital account (net of advances) and not provided for |
1.994 |
0.000 |
|
Total |
126.903 |
93.779 |
|
Note: * No provision is considered necessary since the Company expects favourable decisions. |
||
FIXED ASSETS
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Leasehold improvements
Intangible assets
- Computer software
- Know-how
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.66.16 |
|
UK Pound |
1 |
Rs.101.22 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
68 |
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.