|
|
|
MIRA INFORM REPORT
|
Report No. : |
494442 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUPERTRON ELECTRONICS PRIVATE LIMITED (w.e.f. 12.10.2012) |
|
|
|
|
Formerly Known
As : |
SUPERTRON ELECTRONICS LIMITED |
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|
|
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Registered
Office : |
“Supertron House”, 2, Cooper Lane, Off R N Mukherjee Road, Hare
Street, Kolkata – 700001, West Bengal |
|
Tel. No.: |
91-33-40371000 |
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|
|
|
Country : |
India |
|
|
|
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Financials (as
on) : |
31.03.2017 |
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|
|
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Date of Incorporation
: |
23.03.1993 |
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|
|
|
Com. Reg. No.: |
21-058211 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 104.846 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109WB1993PTC058211 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
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TIN No.: |
19200868022 |
|
|
|
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CST No.: |
19200868216 |
|
|
|
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GSTN : [Goods & Service Tax
Registration No.] |
19AADCS5971L1ZP |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCS5971L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Wholesaler of computers, computer peripherals equipment and software, electronics and telecommunication equipment and parts. [Registered Activity] |
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No. of Employees
: |
Information denied 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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 3300000 |
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|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1993 having a fine track record. It is engaged as wholesaler of computers, computer peripherals equipment and software, electronics and telecommunication equipment and parts. For the financial year 2017, the company has achieved decent growth in
its revenue as compared to its previous year but has reported thin profit
margin during the year. Rating reflects company’s sound financial profile marked by favourable
profitability, good networth base along with strong debt protection metrics. Rating continue to derive strength from its long established track
record of its business operation backed by established market position and
extensive experience of the promoters in the industry. However, these rating strengths gets partially offset by highly
competitive nature of the industry with presence of other large players and
unorganized sector marked by profit margins exposed to fluctuations in the
input prices. Payments seems to be regular and as per commitment. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
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
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits= A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
19.04.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits= A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
19.04.2017 |
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 01.03.2018
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 : |
Mr. Krishna |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-8884021321 |
|
Date : |
27.02.2018 |
Management Non-Cooperative (91-33-40371000)
LOCATIONS
|
Registered Office / Corporate Headquarters : |
“Supertron House”, 2, Cooper Lane, Off R N Mukherjee Road, Hare
Street, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-40371000 / 22131221-25 |
|
Mobile No.: |
91-8884021321 |
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Fax No.: |
91-33-22130366 |
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E-Mail : |
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Website : |
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Service Centre Office : |
73, Metcalf Street, 2nd Floor, Kolkata – 700013, West
Bengal, India |
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Tel. No.: |
91-33-22258907 |
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Fax No.: |
91-33-22259068 |
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|
|
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Branch / Satellite Office : |
Located at v EAST · Kolkata · Siliguri · Bhubaneswar · Ranchi · Guwahati · Patna v WEST · Ahmedabad · Mumbai · Nagpur · Pune · Surat · Goa · Amravati · Raipur · Indore · Bhopal · Jabalpur v NORTH · Delhi · Ludhiana · Chandigarh · Jaipur · Noida · Dehradun · Ghaziabad · Lucknow · Gurugram · Parwanoo · Jammu · Srinagar v SOUTH · Bangalore · Chennai · Hyderabad · Kochi/Cochin · Coimbatore · Calicut · Vishakhapatnam · Madurai · Vijayawada · Hubli · Trivandrum · Puducherry |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vibhor Agarwal |
||||||||||||||||||||||||||||||||
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Designation : |
Director |
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|
Address : |
F-582, Sarita Vihar, New Delhi – 110044, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
28.09.1969 |
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Qualification : |
B.Com |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.03.2004 |
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PAN No.: |
AAWPA3878L |
||||||||||||||||||||||||||||||||
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DIN No.: |
00138809 |
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|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vishnu Kumar Bhandari |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
2C, Dover Road, Kolkata – 700019, West Bengal, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
22.07.1959 |
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Qualification : |
B.Com |
||||||||||||||||||||||||||||||||
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Date of Appointment : |
23.03.1993 |
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PAN No.: |
AENPB2220G |
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DIN No.: |
00176658 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Deepak Bhandari |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
2C, Dover Road, Kolkata – 700019, West Bengal, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.06.1974 |
||||||||||||||||||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.04.2006 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AEIPB8309K |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00852720 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nirmal Kumar Meharia |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
8, Kulipara, Kashibati P.O. Makhla, Hooghly – 712245, West Bengal,
India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
25.12.1961 |
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Qualification : |
Cost Accountant |
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|
Date of Appointment : |
03.07.2010 |
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PAN No.: |
AFAPM4299J |
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DIN No.: |
03152656 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Vishnu Kumar Bhandari |
|
Designation : |
Chief Finance Officer |
|
Address : |
2C, Dover Road, Kolkata – 700019, West Bengal, India |
|
Date of Appointment : |
19.01.2015 |
|
PAN No: |
AENPB2220G |
|
|
|
|
Name : |
Mr. Nirmal Kumar Meharia |
|
Designation : |
Chief Finance Officer |
|
Address : |
8, Kulipara, Kashibati P.O. Makhla, Hooghly – 712245, West Bengal, India |
|
Date of Appointment : |
19.01.2015 |
|
PAN No: |
AFAPM4299J |
|
|
|
|
Name : |
Mr. Raju Chandak |
|
Designation : |
Company Secretary |
|
Address : |
50, Cotton Street, Kolkata – 700007, West Bengal, India |
|
Date of Birth/Age : |
06.01.1976 |
|
Date of Appointment : |
17.07.2009 |
|
PAN No: |
ADJPC9919N |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Swarnim Engineering Works Private Limited |
|
528125 |
|
Supercomp Electronics Private Limited |
|
876250 |
|
R.G. Traders Private Limited |
|
750000 |
|
M K Distributors Private Limited |
|
834000 |
|
Progressive Vinimay Private Limited |
|
1427000 |
|
Karmayogi Securites Private Limited |
|
10000 |
|
Ivory Finvest Limited |
|
1269000 |
|
Vishnu Kumar Bhandari‐ Director |
|
1839600 |
|
Nirmala Devi Somani |
|
500 |
|
Deepak Bhandari ‐ Director |
|
767000 |
|
Shobha Bhandari |
|
370400 |
|
Gayatri Devi Bhandari |
|
13750 |
|
Madhur Bhandari |
|
9375 |
|
Raj Bhandari |
|
250 |
|
Ruchir Bhandari |
|
700250 |
|
Bhagwani Devi Bhandari |
|
250 |
|
Vishnu Kumar Bhandari (HUF) |
|
909750 |
|
Manohar Lal Bhandari |
|
8000 |
|
Nupur Bhandari |
|
31000 |
|
Shivani Rahul Somani |
|
100 |
|
Vipul Bhandari |
|
140000 |
|
|
|
|
|
Total |
|
10484600 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
45.69 |
|
Promoters [Bodies
corporate] |
40.82 |
|
Public/Other than promoters [Body corporate] |
13.49 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesaler of computers, computer peripherals equipment and software, electronics and telecommunication equipment and parts. [Registered Activity] |
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Products / Services
: |
|
||||||||||
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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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|
||||||||||||||||||||||||
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Customers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
More V and Company Chartered Accountants |
|
Address : |
16-B, Robert Street, Kolkata – 700012, West Bengal, India |
|
PAN No.: |
ADAPB6584F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises in
which the Key Management Personnel and his relatives have substantial
interest : |
· Ivory Finvest Limited · R. G. Traders Private Limited · Supertron Telecommunications Private Limited · M.K. Distributors Private Limited · Supertron Infotech Private Limited |
|
|
|
|
Relative of Key
Management Personnel : |
· Vishnu Kumar Bhandari (HUF) |
CAPITAL STRUCTURE
AFTER 31.03.2017
Authorised Capital : INR
150.000 Million
Issued, Subscribed & Paid-up Capital : INR 104.936 Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10484600 |
Equity Shares |
INR 10/- each |
INR 104.846 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 |
104.846 |
103.721 |
102.221 |
|
(b) Reserves & Surplus |
1039.742 |
821.310 |
634.647 |
|
(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) |
1144.588 |
925.031 |
736.868 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
16.483 |
35.167 |
22.564 |
|
(b) Deferred tax liabilities (Net) |
2.446 |
21.524 |
0.912 |
|
(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) |
18.929 |
56.691 |
23.476 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1060.071 |
1051.466 |
1098.361 |
|
(b) Trade
payables |
5217.198 |
4487.751 |
3606.604 |
|
(c) Other current
liabilities |
256.083 |
197.523 |
126.106 |
|
(d) Short-term
provisions |
45.778 |
3.198 |
10.736 |
|
Total Current
Liabilities (4) |
6579.130 |
5739.938 |
4841.807 |
|
|
|
|
|
|
TOTAL |
7742.647 |
6721.660 |
5602.151 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
91.998 |
86.782 |
81.894 |
|
(ii)
Intangible Assets |
1.170 |
0.984 |
1.451 |
|
(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 |
0.049 |
0.049 |
0.124 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
19.961 |
15.328 |
18.864 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
113.178 |
103.143 |
102.333 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3274.523 |
3114.551 |
2612.986 |
|
(c) Trade
receivables |
3404.068 |
2602.916 |
2114.464 |
|
(d) Cash
and cash equivalents |
835.998 |
734.173 |
638.616 |
|
(e)
Short-term loans and advances |
114.880 |
166.877 |
133.752 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total Current
Assets |
7629.469 |
6618.517 |
5499.818 |
|
|
|
|
|
|
TOTAL |
7742.647 |
6721.660 |
5602.151 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
27507.191 |
22584.440 |
18785.512 |
|
|
Other Income |
93.553 |
92.970 |
71.149 |
|
|
TOTAL |
27600.744 |
22677.410 |
18856.661 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
26139.129 |
21957.375 |
19171.767 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(159.972) |
(501.565) |
(1116.069) |
|
|
Employee benefit expense |
504.937 |
328.602 |
154.124 |
|
|
CSR expenditure |
5.850 |
3.754 |
0.384 |
|
|
Other expenses |
438.054 |
318.872 |
218.760 |
|
|
TOTAL |
26927.998 |
22107.038 |
18428.966 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
672.746 |
570.372 |
427.695 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
322.154 |
273.359 |
230.306 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
350.592 |
297.013 |
197.389 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
8.141 |
6.545 |
8.321 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
342.451 |
290.468 |
189.068 |
|
|
|
|
|
|
|
Less |
TAX |
123.422 |
103.851 |
62.499 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
219.029 |
186.617 |
126.569 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
74.393 |
224.369 |
0.000 |
|
|
TOTAL EARNINGS |
74.393 |
224.369 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
8609.557 |
5551.202 |
3442.621 |
|
|
TOTAL IMPORTS |
8609.557 |
5551.202 |
3442.621 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
21.11 |
18.25 |
12.86 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
2.062 |
1.982 |
1.200 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
347.156 |
324.349 |
(184.170) |
|
Net cash flows from (used in) operating activities |
347.156 |
324.349 |
(184.170) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
45.17 |
42.07 |
41.08 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.08 |
8.68 |
8.88 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
72.85 |
74.60 |
68.66 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.21 |
0.18 |
0.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
7.22 |
6.50 |
5.13 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.85 |
0.86 |
0.87 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.94 |
1.18 |
1.52 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.75 |
6.21 |
6.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.08 |
0.09 |
0.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.09 |
2.09 |
1.86 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.80 |
0.83 |
0.67 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.83 |
2.78 |
2.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.14 |
20.17 |
17.18 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.16 |
1.15 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.66 |
0.61 |
0.60 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.15 |
0.14 |
0.13 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
10.29 |
10.50 |
10.98 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.16 |
1.15 |
1.14 |
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 |
102.221 |
103.721 |
104.846 |
|
Reserves & Surplus |
634.647 |
821.310 |
1039.742 |
|
Net
worth |
736.868 |
925.031 |
1144.588 |
|
|
|
|
|
|
Long-term borrowings |
22.564 |
35.167 |
16.483 |
|
Short term borrowings |
1098.361 |
1051.466 |
1060.071 |
|
Current maturities of
long-term debts |
1.200 |
1.982 |
2.062 |
|
Total
borrowings |
1122.125 |
1088.615 |
1078.616 |
|
Debt/Equity
ratio |
1.523 |
1.177 |
0.942 |
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 |
18785.512 |
22584.440 |
27507.191 |
|
|
|
20.223 |
21.797 |
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 |
18785.512 |
22584.440 |
27507.191 |
|
Profit/ (Loss) |
126.569 |
186.617 |
219.029 |
|
|
0.67
% |
0.83
% |
0.80
% |
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 |
No |
|
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 |
STATE OF COMPANY'S AFFAIRS AND FUTURE
OUTLOOK
During the year the Company has achieved a turnover of INR 27507.200 million as compared to INR 22584.400 million representing an increase of 21.79 % over the previous year. The Company's profit before taxation for the year was INR 342.400 million as against INR 290.500 million in the previous year recording a growth of 17.89 %. The increase in profit was mainly due to increase in sales volumes and operational efficiencies.
PROSPECTS
The IT industry witnessed initial gain during FY 2016-17, but there has been some negative impact on account of demonetization during the short run. The industry is likely to witness a decent growth in the coming year since digitalization has quantum leap and Goods Services Tax (GST) has been introduced in the country, which will be game changer for IT Industry. It is expected that there will be around 4 Million new enrolments in GST and to comply GST most of these new taxpayer has to move from present manual or semi-automated process to Digital Process. This will significantly increase the demand of Computers .The company has managed to sustain its growth rate better than the industry on account of it's focused approach and widening it's customer base. Some of new brands added has performed extremely well and the company has further added some new brands and even some brands extended the geographies where earlier the company was not doing the distribution for such brands. The company is also creating a separate vertical to cater the enterprise business, where the growth prospects are very good due to increased corporate spending. The company is poised to maintain it's growth plans in the ensuing year as well.
PRODUCT DIVERSIFICATION
The
company having a diversified product profile to cater the needs of all segments
of consumer further tied up with Logitech for it's mouse, keyboards, pointing devices , Synologyfor Storage solutions,
Quickheal for its enterprise security solutions, AMD for it's processors .
Apart from these to increase it's
footprint in mobility the company tied up with Panasonic ,Zopo and Huawei. The
company has also tied up with Acer for distribution
of it's Gaming Computers, which is growing at a very fast pace. With all these
new tie ups and a well balanced product basket it expect a decent growth in business.
GEOGRAPHICAL DIVERSIFICATION
The Company plans to open branches at some of the tier 3 and tier 4 cities .This is in line of Companies' strategy to reach to the remotest and smallest town of the country.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
2.800 |
5.500 |
|
Loans and advances from related parties |
8.500 |
24.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
32.500 |
91.600 |
|
|
|
|
|
Total |
43.800 |
121.100 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G47508866 |
10303465 |
STATE BANK OF INDIA |
03/08/2011 |
25/05/2017 |
- |
5160000000.0 |
COMMERCIAL BRANCH, KOLKATA24, PARK STREET KOLKATA WB700016IN |
|
2 |
Y10361637 |
90254000 |
THE BANK OF RAJASTHAN LIMITED |
29/11/2000 |
20/02/2002 |
- |
47000000.0 |
CHOWRINGHEE ROAD BRANCH31 CHOWRINGHEE ROADKOLKATAWB700016IN |
|
3 |
G73164584 |
100022331 |
STATE BANK OF INDIA |
29/03/2016 |
- |
04/01/2018 |
1850000000.0 |
COMMERCIAL BRANCH, KOLKATA24, PARK STREET KOLKATA WB700016IN |
|
4 |
G52855640 |
10557855 |
TOYOTA FINANCIAL SERVICES INDIA LIMITED |
26/07/2014 |
- |
25/07/2017 |
1200000.0 |
NO. 21 CENTROPOLIS, FIRST FLOOR,5TH CROSS LANGFORD ROAD, SHANTI NAGAR BANGALORE KA560025IN |
|
5 |
C21527734 |
10319087 |
ICICI BANK LIMITED |
11/11/2011 |
- |
17/09/2014 |
350000000.0 |
2B, GORKY TERRACEIN FRONT OF PARK NURSING HOME KOLKATA WB700017IN |
|
6 |
C20167383 |
10203234 |
STATE BANK OF INDIA |
10/02/2010 |
- |
04/09/2014 |
542900000.0 |
COMMERCIAL BRANCH, KOLKATA24, PARK STREET KOLKATA WB700016IN |
|
7 |
C20166021 |
10253212 |
STATE BANK OF INDIA |
22/11/2010 |
- |
04/09/2014 |
510000000.0 |
COMMERCIAL BRANCH, KOLKATA24, PARK STREET KOLKATA WB700016IN |
|
8 |
C09205204 |
90254254 |
THE KARNATAKA BANK LIMITED |
13/10/2003 |
25/03/2013 |
27/06/2014 |
2322000000.0 |
PARK STREET BRANCH1, SAROJINI NAIDU SARANI KOLKATA WB700017IN |
|
9 |
C08761652 |
10181971 |
ALLAHABAD BANK |
24/10/2009 |
- |
25/06/2014 |
50000000.0 |
INTERNATIONAL BRANCH119, PARK STREET KOLKATA WB700017IN |
|
10 |
A99937054 |
10154223 |
ORIENTAL BANK OF COMMERCE |
14/02/2009 |
- |
09/11/2010 |
20000000.0 |
CHOWRINGHEE BRANCH32, CHOWRINGHEE ROAD KOLKATA WB700071 |
FIXED ASSETS:
· Buildings
· Office Building
· Plant and Equipment
· Other plant and Equipment
· 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 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKT |
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.