|
|
|
MIRA INFORM REPORT
|
Report No. : |
488787 |
|
Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
TNS NETWORKING SOLUTIONS PRIVATE LIMITED [w.e.f.29.04.2008] |
|
|
|
|
Formerly Known
As : |
TELEXCELL NETWORKING SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
293, Dhanmills Road, Chhatarpur Hills, New Delhi - 110030 |
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Tel. No.: |
91-11-64008300/ 301/ 302/ 303 |
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|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
24.05.2007 |
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|
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Com. Reg. No.: |
55-163887 |
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|
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Capital
Investment / Paid-up Capital : |
INR 10.000
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300DL2007PTC163887 |
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|
|
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GST No.: |
07AACCT6872E1Z7 |
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IEC No.: |
Not Applicable (As informed by the management that firm does not have export and import) |
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TIN No.: |
07430329890 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AACCT6872E |
|
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|
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Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Trader and Importer of IT Products. [Confirmed by Management] Subject is engaged in the business of Trading of Networking Parts and
also Providing Solution for IT Networking and Security System such as Data
Centre, IT Networking, LV Systems, etc. [Registered Activity] |
|
|
|
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Maximum Credit Limit : |
USD 133380 |
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|
|
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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 was incorporated in the year 2007 and it is having
satisfactory track record. The company is engaged in the business of trading and importing of IT
products. For the financial year 2017, the company has healthy increased in its
revenue from operation and maintained average profitability margin of 1.76%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and average debt balance sheet. Further, rating also reflects company’s long standing track of
business operation along with improvement in the revenue as well as
profitability profile during the year. Trade relations are reported as fair. Business is active. Payments are
seems to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. NOTE: Site visit was conducted at the address which you have provided. Our executive has successfully traced the company on the given address. Our executive met to Mr. Kapil Varma (Purchase Head) of the company but he did not allow our executive to enter into the premises. As per our executive observation, location of the company is difficult to find. It is 2 storey building and whole building belongs to the company. Locality appears to be residential cum commercial. Area seems to be neutral. Our executive has sighted name board of the company at the
given address. |
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 31.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Kapil Varma |
|
Designation : |
Purchase Head |
|
Contact No.: |
91-9818423189 |
|
Date : |
30.01.2018 |
LOCATIONS
|
Registered Office : |
293, Dhanmills Road, Chhatarpur Hills, New Delhi – 110030, India |
|
Tel. No.: |
91-11-64008300/ 301/ 302/ 303 |
|
Mobile No.: |
91-9818423189 [Mr. Kapil Varma] 91-9873019535 [Mr. Nitin] |
|
Fax No.: |
91-11-45823122 |
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E-Mail : |
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Website : |
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Service & Sales
Offices : |
Located at: · Delhi · Haryana · Uttar Pradesh · Punjab · Uttarakhand · Rajasthan |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sanjeev Jain |
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Designation : |
Director |
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Address : |
H-43, Green Park Extn., New Delhi 110016, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
17.02.1974 |
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Date of Appointment : |
24.05.2007 |
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PAN No.: |
AAFPJ9802N |
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DIN No.: |
00002910 |
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Other Directorship :
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||||||||||||||||||||||||||||||||
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Name : |
Mrs. Ekta Jain |
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Designation : |
Director |
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Address : |
H-43, Green Park Extn., New Delhi 110016, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
24.11.1972 |
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Date of Appointment : |
21.06.2010 |
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DIN No.: |
03118560 |
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Other Directorship :
|
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|
||||||||||||||||||||||||||||||||
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Name : |
Mr. Amit Chahal |
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Designation : |
Director |
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|
Address : |
4074, Sector-C, Pocket-4, Vasant Kunj, New Delhi 110070, India |
||||||||||||||||||||||||||||||||
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Date of Appointment : |
15.06.2011 |
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DIN No.: |
03488068 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Kapil Varma |
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Designation : |
Purchase Head |
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|
|
|
Name : |
Mr. Nitin |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Chiranjilal Jain |
|
30000 |
|
Sanjeev Jain |
|
669998 |
|
Amit Kumar |
|
1 |
|
Naresh Kumar Monga |
|
1 |
|
Amit Chachal |
|
200000 |
|
Krishna Devi |
|
100000 |
|
|
|
|
|
Total |
|
1000000 |
AS ON 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of IT Products. [Confirmed by Management] Subject is engaged in the business of Trading of Networking Parts and
also Providing Solution for IT Networking and Security System such as Data
Centre, IT Networking, LV Systems, etc. [Registered Activity] |
||||
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Products : |
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||||
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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 : |
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Products : |
IT Products |
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Countries : |
Singapore |
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Terms : |
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||||
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Selling : |
L/C and Others [RTGS] |
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Purchasing : |
L/C and Others [RTGS] |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
· L&T · Jakson Power Solutions · Reliance Communications · Artech · NTPC · Heritage School · SGT Medical College · NBCC, etc. |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India · Corporation Bank Ansals Chamber-I, Bhikaji Cama Place, New Delhi - 110066, Delhi, India |
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Facilities : |
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Auditors : |
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|
Name : |
Ved Jain and Associates Chartered Accountants |
|
Address : |
100, Babar Road, Opposite Hotel Lalit, New Delhi - 110001, India |
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Tel. No.: |
91-11-23354546/ 23354547 |
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Fax No.: |
91-11-23354548 |
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E-Mail : |
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PAN No.: |
AAAFV6040K |
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
Fellow Subsidiaries with whom transaction have taken place during the
year: |
TNS Institute of Information Technology Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
36.683 |
24.682 |
21.263 |
|
(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) |
46.683 |
34.682 |
31.263 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
99.527 |
78.090 |
127.088 |
|
(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 |
4.856 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
104.383 |
78.090 |
127.088 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
59.754 |
22.775 |
0.000 |
|
(b)
Trade payables |
180.118 |
68.806 |
36.626 |
|
(c)
Other current liabilities |
203.447 |
108.864 |
8.134 |
|
(d)
Short-term provisions |
6.862 |
2.155 |
1.885 |
|
Total
Current Liabilities (4) |
450.181 |
202.600 |
46.645 |
|
|
|
|
|
|
TOTAL |
601.247 |
315.372 |
204.996 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
11.392 |
9.163 |
12.522 |
|
(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 |
0.230 |
0.000 |
3.174 |
|
(c) Deferred tax assets
(net) |
2.041 |
1.442 |
0.889 |
|
(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 |
13.663 |
10.605 |
16.585 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
114.602 |
73.301 |
44.650 |
|
(c)
Trade receivables |
137.567 |
208.259 |
109.512 |
|
(d)
Cash and cash equivalents |
15.117 |
3.153 |
14.730 |
|
(e)
Short-term loans and advances |
12.158 |
12.200 |
14.070 |
|
(f)
Other current assets |
308.140 |
7.854 |
5.449 |
|
Total
Current Assets |
587.584 |
304.767 |
188.411 |
|
|
|
|
|
|
TOTAL |
601.247 |
315.372 |
204.996 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
683.589 |
328.217 |
213.485 |
|
|
|
Other Income |
5.444 |
0.789 |
0.410 |
|
|
|
TOTAL (A) |
689.033 |
329.006 |
213.895 |
|
|
|
[Due to Business
Growth] |
|
||
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Projects |
365.010 |
19.184 |
170.966 |
|
|
|
Purchases of Traded Goods |
241.143 |
264.347 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(41.301) |
(28.650) |
(32.319) |
|
|
|
Employees benefits expense |
49.370 |
32.670 |
32.982 |
|
|
|
Direct expenses |
0.000 |
0.000 |
9.023 |
|
|
|
Other expenses |
30.630 |
21.038 |
15.508 |
|
|
|
TOTAL (B) |
644.852 |
308.589 |
196.160 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
44.181 |
20.417 |
17.735 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
23.391 |
10.992 |
9.310 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
20.790 |
9.425 |
8.425 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
2.748 |
4.390 |
4.866 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
18.042 |
5.035 |
3.559 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.041 |
1.616 |
1.128 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
12.001 |
3.419 |
2.431 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Construction Materials |
18.845 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
12.00 |
3.42 |
2.43 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
(43.365) |
(76.917) |
(19.422) |
|
|
|
|
|
|
Net Cash from Operating Activities |
(45.520) |
(78.488) |
(21.307) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
73.45 |
231.60 |
187.24 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.97 |
1.58 |
1.95 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
108.46 |
88.58 |
78.19 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.39 |
0.28 |
0.40 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.88 |
2.23 |
1.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.91 |
0.89 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.41 |
2.91 |
4.07 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
9.64 |
5.84 |
1.49 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.24 |
0.26 |
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.89 |
1.86 |
1.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.76 |
1.04 |
1.14 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.00 |
1.08 |
1.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
25.71 |
9.86 |
7.78 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.31 |
1.50 |
4.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.05 |
1.14 |
3.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.08 |
0.11 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
15.93 |
10.09 |
12.71 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.31 |
1.50 |
4.04 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
21.263 |
24.682 |
36.683 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
31.263 |
34.682 |
46.683 |
|
|
|
|
|
|
Long-term borrowings |
127.088 |
78.090 |
99.527 |
|
Short term borrowings |
0.000 |
22.775 |
59.754 |
|
Total
borrowings |
127.088 |
100.865 |
159.281 |
|
Debt/Equity ratio |
4.065 |
2.908 |
3.412 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR In
Million |
INR
In Million |
|
Sales |
213.485 |
328.217 |
683.589 |
|
|
|
53.742 |
108.273 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
213.485 |
328.217 |
683.589 |
|
Profit |
2.431 |
3.419 |
12.001 |
|
|
1.14% |
1.04% |
1.76% |
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 |
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 |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
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% |
Yes |
|
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
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G42761015 |
10527167 |
YES BANK LIMITED |
24/04/2014 |
18/04/2017 |
- |
180000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
2 |
B34906354 |
10341871 |
CORPORATION BANK |
12/03/2012 |
- |
- |
360000.0 |
3,ANSAL CHAMBERS- 1BHIKAJI CAMA PLACENEW DELHIDL110066IN |
|
3 |
B28127488 |
10323889 |
CORPORATION BANK |
26/11/2011 |
- |
- |
650000.0 |
BHIKAJI CAMA PLACE BRANCH3,BHIKAJI CAMA PLACENEW DELHIDL110066IN |
|
4 |
A29995024 |
10082588 |
CORPORATION BANK |
27/12/2007 |
- |
- |
11200000.0 |
BHIKAJICAMA PLACE BRANCHNEW DELHIDL110066IN |
|
5 |
C55929731 |
10136912 |
CORPORATION BANK |
20/12/2008 |
15/03/2013 |
04/06/2015 |
45000000.0 |
BHIKAJI CAMA PLACE BRANCH3, ANSAL CHAMBERS-I, BHIKAJI CAMA PLACENEW DELHIDL110066IN |
OBSERVATION POINTS
|
Name of Company : |
TNS NETWORKING SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Address : |
293, Dhanmills Road, Chhatarpur Hills, New Delhi – 110030, India |
|
Contact No.: |
91-9818423189 |
|
|
|
|
Date of Visit : |
30.01.2018 |
|
|
|
|
Person to whom we met: |
Mr. Kapil Varma (Purchase Head) |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Difficult |
|
|
|
|
Total Floors of the Building : |
2 Floors |
|
|
|
|
Subject situated on: |
Whole Building |
|
|
|
|
Locality: |
Residential cum Commercial |
|
|
|
|
Area : |
Neutral |
|
|
|
|
Proof of visit: |
Photos |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
C.L. Jain |
37.400 |
10.300 |
|
Sanjeev Jain |
5.972 |
7.475 |
|
Ekta Jain |
5.000 |
5.000 |
|
From Banks Kotak Term Loan |
4.229 |
0.000 |
|
Kotak Term Loan II |
2.263 |
0.000 |
|
Kotak Term Loan III |
1.881 |
0.000 |
|
Kotak Term Loan IV |
1.819 |
0.000 |
|
Corporation Bank [Car Loan EECO] |
0.041 |
0.000 |
|
Corporation Bank [Car Loan Swift 0945] |
0.003 |
0.000 |
|
Corporation Bank [Car Loan R5673] Loan |
0.018 |
0.000 |
|
Yes Bank Loan BMW New |
0.799 |
0.000 |
|
Yes Bank Loan [Honda New] |
0.217 |
0.000 |
|
BMW India Financial Services [Against BMW Car] |
(0.002) |
0.000 |
|
Yes Bank Loan [Honda Amaze] |
0.113 |
0.000 |
|
HDFC Credit Card 5329-7302-0035-6165 |
0.001 |
0.000 |
|
|
|
|
|
Total |
59.754 |
22.775 |
BACKGROUND:
Subject was incorporated on 24.05.2007 in Delhi. The Company is engaged
in the business of providing solution for IT Networking and Security System
such as Data Centre, IT Networking, LV Systems, etc.
FIXED ASSETS:
· Vehicles
· Computer and Laptops
· Furniture and Fixture
· Mobile Phone
· Office Equipment
· Generator Transformer
· Plant and Machinery
· Tools
· Air conditioner
· Water Cooler
· Computer and Software, etc.
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 records 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 |
INR 63.75 |
|
UK Pound |
1 |
INR 89.39 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.