|
|
|
MIRA INFORM REPORT
|
Report No. : |
516226 |
|
Report Date : |
25.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
VELOCIS SYSTEMS PRIVATE LIMITED (w.e.f. 31.08.2007) |
|
|
|
|
Formerly Known
As : |
SILICON INTEGRIX PRIVATE LIMITED (w.e.f. 18.08.2006) SILICON
COMNET PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
X-1, Basement, Okhla Industrial Area, Phase-II, New Delhi - 110020 |
|
Tel. No.: |
91-11-40112418 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.06.1995 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PTC069887 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 54.922 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS0858G |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company provides a wide range of IT Infrastructure and IT communications solutions including systems, hardware and software services. The company’s service portfolio consists of IT infrastructure Services. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 1000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1995. The company provides solution,
mainly in three segments i.e. system integration services (hardware trading),
information technology (IT) solutions and hardware services. As per the financial records of 2017, the company has achieved a
favourable growth of 25.79% in its revenue as compared to the previous year
and reported an average net profit margin of 2.03%. The company possesses healthy financial position marked by above
average networth base along with low debt balance sheet profile and
comfortable liquidity parameter. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans=BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
29.01.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans=A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
29.01.2018 |
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
31-03-2018.
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 25.06.2018
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 DENIED BY
|
Name : |
Ms. Madhavi |
|
Designation : |
Accountant |
|
Contact No.: |
91-120-6737500 |
|
Date : |
22.06.2018 |
LOCATIONS
|
Registered Office : |
X-1, Basement, Okhla Industrial Area, Phase-II, New Delhi – 110020,
Indi a |
|
Tel. No.: |
91-11-40112418 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
A-25, Sector – 67, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-673 7500 |
|
Fax No.: |
91-120-673 7546 |
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Ashok Kumar Gupta |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
B-5/46, Safderjung Enclave, New Delhi – 110029, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.11.1964 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.10.2007 |
||||||||||||||||||||||||||||||||
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DIN No.: |
00509450 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Atul Bansal |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
74-B, Pocket-III, Mayur Vihar, Phase-1, Delhi – 110091, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.08.1964 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.10.2007 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00509520 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rishi Kumar
Malhotra |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
1074, Sector - A Pocket A, Vasant Kunj, New Delhi – 110070, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.06.1946 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.06.1995 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00529491 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjeev Ranjan |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
A-503, Ispatika Apartments Plot No.29, Sector 4, Dwarka, New Delhi – 110075, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.11.1965 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2011 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
03355082 |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Jignesh Rachh |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Flat-2602, D Wing, 26th Floor, Ekta Meadows, Siddarth Nagar, Borivali (East), Mumbai – 400066, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.04.1974 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2011 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
03369665 |
||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Pallavi Biyani |
|
Designation : |
Company Secretary |
|
Address : |
H. No. B-92, Shiv Shakti Nagar, Jagatpura Road, Jaipur – 302017, Rajasthan, India |
|
Date of Appointment : |
01.05.2016 |
|
PAN No.: |
BNCPB2381K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rishi Kumar Malhotra |
|
1017470 |
|
R. K. Malhotra (HUF) |
|
60310 |
|
Varsha Rishi Malhotra |
|
93850 |
|
Ritika Malhotra |
|
49650 |
|
Renovision Automation Services Private Limited, |
|
422846 |
|
Mani Stock Broker Limited, |
|
37665 |
|
Puja Kapoor and Rajeev Kapoor |
|
51330 |
|
Atul Bansal |
|
1095790 |
|
Sandeep Singhal |
|
25665 |
|
Vidhu Bansal |
|
1521610 |
|
Ashok Kumar Gupta |
|
497970 |
|
Supermax Apparels Private Limited, |
|
221142 |
|
Ajay Bansal and Monical Bansal |
|
396871 |
|
Total |
|
5492169 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
80.36 |
|
Promoters [Individual/Hindu Undivided Family-Non-resident Indian (NRI)] |
7.23 |
|
Promoters (Body corporate) |
12.41 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company provides a wide range of IT Infrastructure and IT communications solutions including systems, hardware and software services. The company’s service portfolio consists of IT infrastructure Services. (Registered Activity) |
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Products/ Services : |
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||||||
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||||||
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Brand Names : |
Not Available |
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||||||
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Agencies Held : |
Not Available |
||||||
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|
||||||
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Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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|
||||||||||||||||||||||||
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No. of Employees : |
Information declined by the management |
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|
|
||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Santosh Gupta and Company Chartered Accountants |
|
Address : |
SCF-30P, Sector-16A, Part-I, Market, Faridabad-121002, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAQFS1038Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company
: |
Celerity Networks Private Limited (CIN No.: U72200DL2007PTC158806) |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6500000 |
Equity Shares |
INR 10/- each |
INR 65.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5492169 |
Equity Shares |
INR 10/- each |
INR 54.922
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
54.922 |
54.922 |
54.785 |
|
(b) Reserves and Surplus |
296.684 |
225.304 |
171.618 |
|
(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) |
351.606 |
280.226 |
226.403 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
41.344 |
32.448 |
24.857 |
|
(b) Deferred tax liabilities (Net) |
8.680 |
8.238 |
7.839 |
|
(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) |
50.024 |
40.686 |
32.696 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
251.340 |
278.147 |
364.108 |
|
(b) Trade
payables |
107.302 |
91.956 |
190.083 |
|
(c) Other
current liabilities |
494.607 |
294.715 |
127.636 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
853.249 |
664.818 |
681.827 |
|
|
|
|
|
|
TOTAL |
1254.879 |
985.730 |
940.926 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
63.066 |
55.820 |
48.637 |
|
(ii) Intangible
Assets |
7.653 |
10.525 |
12.712 |
|
(iii) Tangible assets
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 |
19.108 |
19.108 |
19.108 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
89.827 |
85.453 |
80.457 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
146.871 |
48.237 |
61.641 |
|
(c) Trade
receivables |
679.005 |
539.601 |
559.442 |
|
(d) Cash and
bank balances |
61.299 |
84.546 |
60.710 |
|
(e) Short-term
loans and advances |
277.877 |
227.893 |
178.676 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1165.052 |
900.277 |
860.469 |
|
|
|
|
|
|
TOTAL |
1254.879 |
985.730 |
940.926 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3509.269 |
2789.701 |
2003.481 |
|
|
Other Income |
2.932 |
7.054 |
3.459 |
|
|
TOTAL |
3512.201 |
2796.755 |
2006.940 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
473.798 |
440.477 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
1672.080 |
1357.695 |
1101.492 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(48.438) |
13.769 |
2.866 |
|
|
Employee benefit expense |
1092.173 |
703.673 |
385.883 |
|
|
CSR expenditure |
1.679 |
1.000 |
0.000 |
|
|
Other expenses |
159.370 |
155.028 |
405.754 |
|
|
Prior period items |
0.000 |
0.000 |
0.045 |
|
|
Extraordinary items |
0.000 |
0.000 |
4.935 |
|
|
TOTAL |
3350.662 |
2671.642 |
1900.975 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
161.539 |
125.113 |
105.965 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
36.115 |
27.464 |
36.988 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
125.424 |
97.649 |
68.977 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
16.376 |
17.201 |
17.062 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
109.048 |
80.448 |
51.915 |
|
|
|
|
|
|
|
Less |
TAX |
37.669 |
26.967 |
18.965 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
71.379 |
53.481 |
32.950 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
182.110 |
133.977 |
104.820 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
7.138 |
5.348 |
3.793 |
|
|
Balance
Carried to the B/S |
246.351 |
182.110 |
133.977 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Income from services and products |
49.956 |
87.211 |
60.529 |
|
|
TOTAL EARNINGS |
49.956 |
87.211 |
60.529 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and spare
parts |
538.116 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
538.116 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
13.00 |
9.74 |
6.91 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
19.117 |
10.525 |
4.863 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
86.266 |
46.980 |
46.359 |
|
Net cash flow from operating activity |
48.597 |
20.013 |
27.394 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
70.62 |
70.60 |
101.92 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
5.17 |
5.17 |
3.58 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
18.25 |
18.67 |
62.99 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.10 |
2.59 |
1.72 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.28 |
1.89 |
1.73 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.73 |
0.72 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.89 |
1.15 |
1.74 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.43 |
2.37 |
3.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.20 |
0.24 |
0.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.47 |
4.56 |
2.86 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
2.03 |
1.92 |
1.64 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.69 |
5.43 |
3.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
20.30 |
19.08 |
14.55 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.37 |
1.35 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.19 |
1.28 |
1.17 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.28 |
0.28 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.68 |
5.85 |
7.19 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.37 |
1.35 |
1.26 |
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
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
54.785 |
54.922 |
54.922 |
|
Reserves & Surplus |
171.618 |
225.304 |
296.684 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
226.403 |
280.226 |
351.606 |
|
|
|
|
|
|
Long-term borrowings |
24.857 |
32.448 |
41.344 |
|
Short term borrowings |
364.108 |
278.147 |
251.340 |
|
Current maturities of
long-term debts |
4.863 |
10.525 |
19.117 |
|
Total
borrowings |
393.828 |
321.120 |
311.801 |
|
Debt/Equity
ratio |
1.739 |
1.146 |
0.887 |
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 |
2003.481 |
2789.701 |
3509.269 |
|
|
|
39.243 |
25.794 |
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 |
2003.481 |
2789.701 |
3509.269 |
|
Profit/ (Loss) |
32.950 |
53.481 |
71.379 |
|
|
1.64% |
1.92% |
2.03% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
54.922 |
54.922 |
|
(b) Reserves &
Surplus |
|
283.648 |
200.914 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Minority Interest |
|
0.021 |
(0.018) |
|
Total Shareholders’ Funds
(1) + (2) |
|
338.591 |
255.818 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
41.344 |
32.448 |
|
(b) Deferred tax liabilities
(Net) |
|
8.680 |
8.238 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
50.024 |
40.686 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
251.340 |
278.147 |
|
(b) Trade payables |
|
107.828 |
93.586 |
|
(c) Other current
liabilities |
|
496.446 |
296.810 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
|
855.614 |
668.543 |
|
|
|
|
|
|
TOTAL |
|
1244.229 |
965.047 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
64.402 |
57.595 |
|
(ii) Intangible Assets |
|
11.226 |
15.812 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
75.628 |
73.407 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
146.871 |
48.237 |
|
(c) Trade receivables |
|
683.104 |
538.012 |
|
(d) Cash and cash
equivalents |
|
62.298 |
85.670 |
|
(e) Short-term loans and
advances |
|
276.328 |
219.721 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
1168.601 |
891.640 |
|
|
|
|
|
|
TOTAL |
|
1244.229 |
965.047 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
3511.490 |
2790.120 |
|
|
Other Income |
|
2.961 |
7.054 |
|
|
TOTAL |
|
3514.451 |
2797.174 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
453.983 |
410.062 |
|
|
Purchases of
Stock-in-Trade |
|
1671.953 |
1366.808 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(48.438) |
13.928 |
|
|
Employees benefits
expense |
|
1098.030 |
708.636 |
|
|
CSR expenditure |
|
1.679 |
1.000 |
|
|
Other expenses |
|
161.020 |
155.891 |
|
|
Exceptional Items |
|
7.137 |
5.348 |
|
|
TOTAL |
|
3345.364 |
2661.673 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
169.087 |
135.501 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
36.116 |
27.477 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
132.971 |
108.024 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
18.529 |
20.424 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
114.442 |
87.600 |
|
|
|
|
|
|
|
Less |
TAX |
|
38.806 |
26.967 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD BEFORE MINORITY INTEREST |
|
75.636 |
60.633 |
|
|
|
|
|
|
|
|
MINORITY INTEREST |
|
0.040 |
0.044 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD |
|
75.596 |
60.589 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
15.07 |
12.01 |
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 |
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 |
Yes |
|
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 |
CORPORATE INFORMATION
The company, provides a wide range of IT Infrastructure and IT communications solutions including systems, hardware and software services. The company’s service portfolio consists of IT infrastructure Services.
OPERATIONS
During the year, the company has achieved a turnover of INR 3512.201 Million as compared to INR 2796.755 Million in the previous year, at a growth rate of 25.6% their profit before tax for the year amounted to INR 109.048 Million as against INR 80.448 Million in the previous year, at a growth rate of 35.5%. The operating profit amounted to INR 161.539 Million as against INR 125.114 Million in the previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
20.974 |
18.480 |
|
|
|
|
|
Total |
20.974 |
18.480 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G88522503 |
100024183 |
Union Bank of India |
08/03/2016 |
21/05/2018 |
- |
50000000.0 |
334/350, Ground Floor,Khajoor Road, Karol Bagh, New Delhi 110005 INDIA |
|
2 |
B38664132 |
10352920 |
CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
01/05/2012 |
- |
- |
11577063.0 |
2nd Floor, Brigade South Parade 10, M.G. Road Bangalore KARNATAKA 560001 INDIA |
|
3 |
G24606766 |
90038590 |
Union Bank of India |
17/12/2003 |
18/10/2016 |
- |
804900000.0 |
Sadar Bazar Branch6117, Qutab Road Corner, Sadar Bazar, Delhi 110006 INDIA |
|
4 |
C67403022 |
90050547 |
UNION BANK OF INDIA |
12/04/2004 |
- |
20/10/2015 |
4000000.0 |
PADAN BAZAR DELHI 110006 INDIA |
|
5 |
C67404186 |
10044574 |
Union Bank of India |
15/03/2007 |
19/06/2007 |
20/10/2015 |
75000000.0 |
6117, Qutab Road Corner,Sadar Bazar Delhi 110006 INDIA |
|
6 |
C67403535 |
90035700 |
UNION BANK OF INDIA |
18/02/2000 |
- |
20/10/2015 |
7000000.0 |
BED FILE; BED FILE BED FILE DELHI INDIA |
|
7 |
C67157909 |
80001478 |
State Bank of India |
01/06/2005 |
31/03/2006 |
06/10/2015 |
11000000.0 |
A-101, PRATAO NAGAR MAYUR VIHAR, PHASE NEW DELHI 110092 INDIA |
|
8 |
C65970907 |
10192087 |
CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED |
05/01/2010 |
01/05/2012 |
04/10/2015 |
9255746.0 |
2nd Floor, Brigade South Parade 10, M.G. Road Bangalore KARNATAKA 560001 INDIA |
FIXED ASSETS
- Buildings
- Other building
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 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
|
INR |
|
US Dollar |
1 |
INR 67.76 |
|
|
1 |
INR 89.95 |
|
Euro |
1 |
INR 78.85 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
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.