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MIRA INFORM REPORT
|
Report No. : |
498573.2 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
LIVE TECHNOLOGY |
|
|
|
|
Registered
Office : |
211, Aditya Arcade, Topiwala Lane, Grant Road (East), Mumbai – 400007,
Maharashtra |
|
Mobile No.: |
91-9323163113 (Mr. Kalpesh Babulal Jain) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment: |
2012 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 17.698 Million |
|
|
|
|
TIN No.: |
27030920510 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
ACSPJ8240M |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27ACSPJ8240M1ZX |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Laptops and Notebook Computer Accessories.
(From Indirect Source) |
|
|
|
|
No. of Employees
: |
51 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 51000 (In INR 13040.10) |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Mr. Kalpesh Babulal Jain (Proprietor) has only confirmed that the subject is a proprietary concern and he further denied providing any information about the subject to us. As per the indirect sources we found that the subject was established in the year 2012 and it is a manufacturer and trader of laptops and note book computer accessories. As per the financial records of 2017, the concern has achieved a sales turnover of INR 404.069 million and has reported low profitability margin. The overall financial position of the concern seems to be satisfactory marked by sufficient capital base along with acceptable debt level. Payment seems to be slow but correct. In view of aforesaid, the concern can be considered for business dealings at usual trade terms and condition. NOTE: Site visit was conducted at the address which you have provided and our executive has successfully traced the subject on the given address. At the premises our executive met Mr. Arvind (designation not divulged) and he provided the contact details and confirmed the subject’s existence on the given address. As per our executive’s observation, it is 6 storey building and subject is situated on the 2nd floor of the building. Location was easy to find. Locality appears to be commercial. Area seems to be neutral. Approximately 15 employees were sighted in the premises. Name board of Live Tech was sighted at the given address instead of Live Technology. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 22.03.2018
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 PARTED BY
|
Name : |
Mr. Kalpesh Babulal Jain |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9323163113 |
|
Date : |
19.03.2018 |
LOCATIONS
|
Registered Office : |
211, Aditya Arcade, Topiwala Lane, Grant Road (East), Mumbai – 400007,
Maharashtra, India |
|
Tel. No.: |
91-22-23874441 |
|
Mobile No.: |
91-9323163113 (Mr. Kalpesh Babulal Jain) |
|
Fax No.: |
Not Available |
|
Locality : |
Commercial (As per site visit) |
SOLE PROPRIETOR
|
Name : |
Mr. Kalpesh Babulal Jain |
|
Designation : |
Proprietor |
|
Date of Birth/ Age : |
19.08.1980 |
|
Address : |
ACSPJ8240M |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Laptops and Notebook Computer Accessories.
(From Indirect Source) |
|
|
|
|
Products : |
Laptops and Notebook Computer Accessories |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit |
|
|
|
|
Purchasing : |
Cash, Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
|
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|
Customers : |
|
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|
||||||||||||||||||||||
|
No. of Employees : |
51 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
K.K. Bafna and Company Chartered Accountants |
|
M.No.: |
015730 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern: |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2017
|
Capital Investment : |
|
|
Owned : |
INR 17.698 Million |
|
Borrowed : |
-- |
|
Total : |
INR 17.698
Million |
FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital |
|
|
17.698 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
17.698 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
21.403 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
3] Bank O/d |
|
|
23.038 |
|
|
TOTAL BORROWING |
|
|
44.441 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
62.139 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.124 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
47.269
|
|
|
Sundry Debtors |
|
|
17.317
|
|
|
Cash & Bank Balances |
|
|
0.967
|
|
|
Other Current Assets |
|
|
0.083
|
|
|
Loans, Advances, Deposits |
|
|
32.760
|
|
Total
Current Assets |
|
|
98.396
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
36.356
|
|
|
Other Current Liabilities |
|
|
0.025
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
36.381
|
|
|
Net Current Assets |
|
|
62.015
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
62.139 |
|
FINANCIAL DATA
[all figures are
in INR Million]
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
404.069 |
|
|
Other Income |
|
|
15.034 |
|
|
TOTAL |
|
|
419.103 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
|
|
363.620 |
|
|
Octroi Expenses |
|
|
0.083 |
|
|
Audit Fee |
|
|
0.025 |
|
|
Advertisement |
|
|
0.386 |
|
|
Amc Charges |
|
|
0.023 |
|
|
Business Promotion
Expenses |
|
|
0.584 |
|
|
Commission |
|
|
36.676 |
|
|
Consultancy Charges |
|
|
0.003 |
|
|
Courier Charges |
|
|
0.780 |
|
|
Conveyance Expenses |
|
|
0.149 |
|
|
Discount |
|
|
0.348 |
|
|
Delivery Charges |
|
|
0.215 |
|
|
Electricity Bill Charges |
|
|
0.218 |
|
|
Foreign Exchange Expenses |
|
|
0.068 |
|
|
Freight (Indirect) |
|
|
0.052 |
|
|
Furniture and Fitting
Charges |
|
|
0.024 |
|
|
Godown Maintenance
Charges |
|
|
0.050 |
|
|
Insurance |
|
|
0.152 |
|
|
Internet Charges |
|
|
0.034 |
|
|
Leave Encashment |
|
|
0.003 |
|
|
Food Expenses |
|
|
0.004 |
|
|
Office Expenses |
|
|
0.234 |
|
|
Office Cleaning Expenses |
|
|
0.035 |
|
|
Office Maintenance
Charges |
|
|
0.058 |
|
|
Membership and
Subscription |
|
|
0.026 |
|
|
Printing and Stationery |
|
|
0.173 |
|
|
Registration Expenses |
|
|
0.026 |
|
|
Renwal Charges |
|
|
0.003 |
|
|
Professional fees to
others |
|
|
0.039 |
|
|
Rates and Taxes |
|
|
0.004 |
|
|
Rent Paid |
|
|
1.021 |
|
|
Repair and maintenance |
|
|
0.311 |
|
|
R/off |
|
|
0.001 |
|
|
Salaries and Wages |
|
|
6.709 |
|
|
Staff Welfare |
|
|
0.475 |
|
|
Telephone Expenses |
|
|
0.180 |
|
|
Transportation Charges |
|
|
0.417 |
|
|
Travelling Expenses |
|
|
0.077 |
|
|
Web Designing and
Development |
|
|
0.017 |
|
|
TOTAL |
|
|
413.303 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, DEPRECIATION AND
AMORTISATION |
|
|
5.800 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
2.262 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
3.538 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.072 |
|
|
|
|
|
|
|
|
NET PROFIT FOR THE YEAR |
|
|
3.466 |
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
|
15.64 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
|
|
23.33 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
|
36.49 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
|
0.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
|
46.77 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
|
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
1.21 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
2.06 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
|
2.56 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
31.03.2017 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
|
|
0.86 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
|
3.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
|
19.58 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
|
2.70 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
|
1.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
|
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
|
1.21 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
|
2.70 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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 one year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last one year |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OBSERVATION POINTS
|
Name of Company : |
LIVE TECHNOLOGY |
|
|
|
|
Address : |
211, Aditya Arcade, Topiwala Lane, Grant Road (East), Mumbai – 400007,
Maharashtra, India |
|
|
|
|
Contact No.: |
91-22-23874441 |
|
|
|
|
Person to whom we met : |
Mr. Arvind |
|
|
|
|
Name Board : |
Not Sighted (Sighted name board of “LIVE TECH”) |
|
|
|
|
Location : |
Easy |
|
|
|
|
Landmark (If any) : |
Aditya Arcade |
|
|
|
|
Total floors of the building : |
6 |
|
|
|
|
Subject situated on : |
2nd Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area : |
Neutral |
|
|
|
|
No. of employees
seen at premises : |
15 |
|
|
|
|
Visibility Items
: |
·
Telephone ·
Computers ·
Air Conditioner ·
Office Equipment |
|
|
|
|
Furniture items
sighted : |
Yes |
|
|
|
|
Proof of visit : |
Photographs |
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 65.21 |
|
|
1 |
INR 91.32 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWE |
|
|
|
|
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 |
NO |
|
--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.