|
|
|
MIRA INFORM REPORT
|
Report No. : |
515105 |
|
Report Date : |
26.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
INTEGRA MICRO SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G5, Swiss Complex, 33, Race Course Road, Bangalore - 560001, Karnataka |
|
Tel. No.: |
91-80 22250073/ 22257027 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
19.07.1982 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200KA1982PTC011338 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 51.555
Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0789003511 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI3467J |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
23AAACI3467J1ZM [GWALIOR] 33AAACI3467J1ZL [VALLUVARKOTTAM] 09AAACI3467J1ZC [LUCKNOW] 07AAACI3467J1ZG |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the business of Providing Software Services, Products and Integrated Solutions. [Registered Activity] |
|
|
|
|
No. of Employees
: |
150 [Approximately] [As per Site Visit] |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Integra Microsystems Private Limited (IMSPL), incorporated in July 1982, is engaged in the business of providing software products, solutions and IT services. It is an established company having good track record.
As per our executive observation, it is a two storey
building and company is located on the first floor of the building. Locality
of the premises appears to be commercial and area seems to be neutral. .
|
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 |
CARE |
|
Rating |
Long term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
22.03.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
22.03.2018 |
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 26.06.2018
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 DECLINED BY
|
Name : |
Mr. Karthikeyan |
|
Designation : |
Senior Business Development Manager |
|
Contact No.: |
91-9832100388 |
|
Date : |
25.06.2018 |
LOCATIONS
|
Registered Office : |
G5, Swiss Complex, 33, Race Course Road, Bangalore - 560001, Karnataka, India |
|
Tel. No.: |
91-80 22250073/ 22257027 |
|
Mobile No.: |
91-9832100388 (Mr. Karthikeyan) |
|
Fax No.: |
91-80-22203928 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Corporate Headquarters/ Development Centre : |
#4, Bellary Road, 12th KM, Jakkur, Bangalore - 560064, Karnataka, India |
|
Tel. No.: |
91-80 28565801/ 2/ 3 |
|
Fax No.: |
91-80-28565800 |
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|
|
|
Marketing and
Support Centres : |
Located at: · Bangalore · New Delhi · Mumbai · Kolkata · Chennai · Secunderabad · Jaipur · Ranchi · Ara ·
Bhubaneswar ·
Lucknow ·
Gwalior |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Gopalakrishna Vadlamani |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
# 34, Panchajanya, Jakkur Plantation Layout, Opposite Jakkur Airport, Jakkur, Bangalore North, Bangalore 560064, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.08.1954 |
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Qualification : |
BE (Electrical and Electronics), ME (Automation) and PhD (Computer Science) - IISC, Bangalore |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.11.2006 |
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PAN No.: |
AARPG2832M |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00497858 |
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|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mahesh Kumar Jain |
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|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
No 36, Samardi, 12th Km, Jakkur Plantation, Opposite Jakkur Flying Club, Byatarayanapura, Bangalore 560064, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.03.1953 |
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|
Qualification : |
B. Tech - IIT Kanpur and ME – IISC Bangalore |
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|
Date of Appointment : |
19.07.1982 |
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PAN No.: |
ABEPJ7390M |
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|
DIN No.: |
00502080 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ravi Palagummi |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
35, Jakkur Plantation Layout, Bellary Road, 12th KM, Bangalore 560064, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.02.1952 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Tech. and M. Tech. - IISC, Bangalore |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.11.2006 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAMPR6773M |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00502530 |
||||||||||||||||||||||||||||||||||||||||
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Vimla Jogesh |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-58, DDA SFS Flats Mount Kailash East of Kailash, Phase-I, South Delhi – 110065, India |
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|
Date of Birth/Age : |
13.07.1950 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Engineer in Electronics and Communications and holds MBA from Oxford University, UK |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.11.2006 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEVPJ4382H |
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DIN No.: |
01119435 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Dhalapathisamudram Krishna Subramanian |
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Designation : |
Director |
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Address : |
3/58, Shringar Apartment, Fourth Main 18th Cross, Malleswaram, Bangalore 560055, Karnataka, India |
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Date of Appointment : |
29.11.2006 |
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DIN No.: |
01302629 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Agali Ramu Krishnamurthy |
|
Designation : |
Company Secretary |
|
Address : |
#151, 6th Cross, Opposite Hanuman Temple, Saraswathi Nagara, Vijaya Nagara, Bangalore 560040, Karnataka, India |
|
Date of Appointment : |
08.08.2016 |
|
PAN No.: |
AARPK0554E |
|
|
|
|
Name : |
Mr. Karthikeyan |
|
Designation : |
Senior Business Development Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Mahesh Kumar Jain |
|
146100 |
|
V. Gopalakrishna |
|
146100 |
|
Palagummi Ravi |
|
146100 |
|
Yadavendra Balehosur |
|
2550 |
|
Rajkumar Kesarimall |
|
22110 |
|
M.K. Srikant |
|
5775 |
|
Arun M. Tanksali |
|
5775 |
|
Alok Sharma |
|
2250 |
|
Hrushikesh Praharaj |
|
4500 |
|
G.B. Sai Prabhu |
|
5775 |
|
Mayank Sharma |
|
2880 |
|
T.S. Ravindra |
|
1920 |
|
M.N. Divakar |
|
1920 |
|
S. Sitaramachandra |
|
5775 |
|
S. Mahesh Kumar |
|
1920 |
|
L. Zunder |
|
1920 |
|
K. Sivakkumar |
|
1920 |
|
Arun Nicodemus |
|
1500 |
|
Sandeep Kasliwal |
|
1920 |
|
N.G. Girish |
|
1500 |
|
Vimla Jogesh |
|
1920 |
|
V.V.R. Sastry |
|
960 |
|
V. Srinivas |
|
960 |
|
N. Srikanth |
|
1500 |
|
|
|
|
|
Total |
|
515550 |
AS ON 28.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
28.34 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
71.66 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Providing Software Services, Products and Integrated Solutions. [Registered Activity] |
||||
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||||
|
Products : |
|
||||
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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 |
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|
||||
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Imports : |
Not Divulged |
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|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
150 [Approximately] [As per Site Visit] |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Babu Nagendra and Associates Chartered Accountants |
|
Address : |
Pragathi Arcade, 2nd Floor, No.243, 3rd Main, Chamarajpet, Bangalore, Karnataka, India |
|
PAN No.: |
AAJFB0224C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
· Integra Micro Software Services Private Limited [U72200KA1999PTC026063] · Integra Infotech (S) Pte Limited, Singapore · Integra Infotech Inc., USA · Jakkur Technoparks Private Limited [U66030KA2008PTC047020] |
|
|
|
|
Associate Companies
: |
· Sunrise Imaging (India) Private Limited · Green Power Plantation India Private Limited · BOT AI ML Private Limited [U72200KA2005PTC035494] |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
INR 100/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
515550 |
Equity Shares |
INR 100/- each |
INR 51.555
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
51.555 |
3.437 |
3.437 |
|
(b) Reserves & Surplus |
579.839 |
593.275 |
559.686 |
|
(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) |
631.394 |
596.712 |
563.123 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
1.414 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
3.385 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
9.026 |
6.836 |
6.389 |
|
Total
Non-current Liabilities (3) |
9.026 |
6.836 |
11.188 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
76.830 |
71.778 |
69.810 |
|
(b)
Trade payables |
282.778 |
308.824 |
215.176 |
|
(c)
Other current liabilities |
64.906 |
55.591 |
37.031 |
|
(d)
Short-term provisions |
17.800 |
13.749 |
8.063 |
|
Total
Current Liabilities (4) |
442.314 |
449.942 |
330.080 |
|
|
|
|
|
|
TOTAL |
1082.734 |
1053.490 |
904.391 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
66.185 |
68.881 |
73.580 |
|
(ii)
Intangible Assets |
0.131 |
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 |
64.601 |
66.015 |
73.641 |
|
(c) Deferred tax assets
(net) |
0.170 |
0.620 |
0.000 |
|
(d) Long-term Loan
and Advances |
57.501 |
56.795 |
35.937 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
188.588 |
192.311 |
183.158 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
27.467 |
26.736 |
26.248 |
|
(b)
Inventories |
28.901 |
34.737 |
19.780 |
|
(c)
Trade receivables |
525.173 |
575.330 |
488.921 |
|
(d)
Cash and cash equivalents |
141.472 |
78.965 |
55.002 |
|
(e)
Short-term loans and advances |
171.133 |
145.411 |
131.282 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
894.146 |
861.179 |
721.233 |
|
|
|
|
|
|
TOTAL |
1082.734 |
1053.490 |
904.391 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1504.519 |
1097.089 |
830.113 |
|
|
|
Other Income |
16.435 |
18.061 |
19.035 |
|
|
|
TOTAL |
1520.954 |
1115.150 |
849.148 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
792.365 |
679.915 |
492.329 |
|
|
|
Employees benefits expense |
106.393 |
96.502 |
94.490 |
|
|
|
Other expenses |
539.986 |
260.620 |
188.651 |
|
|
|
TOTAL |
1438.744 |
1037.037 |
775.470 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
82.210 |
78.113 |
73.678 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.338 |
14.094 |
15.647 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
70.872 |
64.019 |
58.031 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.939 |
23.887 |
32.417 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
52.933 |
40.132 |
25.614 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
18.251 |
9.745 |
7.364 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
34.682 |
30.387 |
18.250 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings [FOB basis] |
10.110 |
7.473 |
4.378 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Computer Peripherals and Software |
58.535 |
113.133 |
NA |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
|
|
|
|
|
|
Basic
|
67.27 |
884.12 |
530.98 |
|
|
|
Diluted
|
111.92 |
884.12 |
530.98 |
|
|
PARTICULARS |
|
|
31.03.2017 |
|
Revenue |
|
|
2346.400 |
|
|
|
|
|
|
Net Profit |
|
|
81.700 |
The above information has been taken from Indirect Sources [i.e. CARE]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
125.614 |
83.743 |
66.049 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
72.076 |
50.627 |
34.660 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
127.41 |
191.41 |
214.98 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.86 |
1.91 |
1.70 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
130.26 |
165.79 |
159.53 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.84 |
2.25 |
3.72 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.24 |
1.13 |
1.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.41 |
0.43 |
0.37 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.12 |
0.12 |
0.13 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.70 |
0.75 |
0.59 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.11 |
0.12 |
0.13 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.25 |
5.54 |
4.71 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.31 |
2.77 |
2.20 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.20 |
2.88 |
2.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.49 |
5.09 |
3.24 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.02 |
1.91 |
2.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.96 |
1.84 |
2.13 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.58 |
0.57 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.49 |
20.88 |
20.72 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.02 |
1.91 |
2.19 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
3.437 |
3.437 |
51.555 |
|
Reserves & Surplus |
559.686 |
593.275 |
579.839 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
563.123 |
596.712 |
631.394 |
|
|
|
|
|
|
Long-term borrowings |
1.414 |
0.000 |
0.000 |
|
Short term borrowings |
69.810 |
71.778 |
76.830 |
|
Total
borrowings |
71.224 |
71.778 |
76.830 |
|
Debt/Equity
ratio |
0.126 |
0.120 |
0.122 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
830.113 |
1097.089 |
1504.519 |
|
|
|
32.161 |
37.137 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
830.113 |
1097.089 |
1504.519 |
|
Profit |
18.250 |
30.387 |
34.682 |
|
|
2.20% |
2.77% |
2.31% |
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 [As per Site visit] |
Yes |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees [As per Site visit] |
Yes |
|
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 |
No |
|
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 |
OBSERVATION POINTS
|
Name of Company : |
INTEGRA MICRO SYSTEMS PRIVATE LIMITED |
|
|
|
|
Address : |
#4, Bellary Road, 12th KM, Jakkur, Bangalore - 560064, Karnataka, India |
|
Contact No.: |
91-9832100388 |
|
|
|
|
Date of Visit : |
18.06.2018 |
|
|
|
|
Person to whom we met: |
Mr. Karthikeyan [Senior Business Development Manager] |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Opposite to Aerodrome-Jakkur |
|
|
|
|
Total Floors of the Building : |
2 Storey Building |
|
|
|
|
Subject situated on: |
1st Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area : |
Neutral |
|
|
|
|
No. of employees seen at premises: |
150 [Approximately] |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Fax Machine ·
Computers ·
Air Conditioner ·
Office Equipment ·
Xerox Machine |
|
|
|
|
Neighbours Interview : |
Our executive also had a word with the neighbor of the
company i.e., “ER&M” who confirmed that company exist at the given
address. |
|
|
|
|
Proof of visit: |
Photos and Visiting Card |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B55854491 |
10371090 |
STATE BANK OF MYSORE |
27/06/2012 |
- |
- |
65000000.0 |
MID CORPORATE CENTRAL PROCESSING CENTREGROUND FLOOR, HEAD OFFICE, KEMPE GOWDA ROADBANGALOREKA560009IN |
|
2 |
C55934681 |
10251962 |
STATE BANK OF MYSORE |
28/10/2010 |
05/05/2015 |
- |
280000000.0 |
BANGALORE MAIN BRANCH,AVENUE ROAD,BANGALOREKA560002IN |
|
3 |
Z00019251 |
80006653 |
STATE BANK OF MYSORE |
10/09/1993 |
22/09/2006 |
- |
148500000.0 |
C & I DIVISIONAVENUE ROADBANGALOREKA560002IN |
RESULTS OF OPERATION
AND STATE OF COMPANYS AFFAIRS
The total income of the Company was INR 1520.954 Million, compared to INR 1115.150 Million for the previous year. The Company has registered a net profit of INR 34.682 Million compared to the profit of INR 30.387 Million for the previous year.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Guarantees issued by the Bankers and outstanding as at the end of the year |
55.364 |
158.174 |
|
Unexpired Letters of Credit as at the end of the year |
13.452 |
43.484 |
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Computer software
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 68.15 |
|
UK Pound |
1 |
INR 90.27 |
|
Euro |
1 |
INR 79.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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.