|
|
|
MIRA
INFORM REPORT
|
Report No. : |
499696 |
|
Report Date : |
24.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
INGRAM MICRO INDIA PRIVATE LIMITED (w. e. f. 05.01.2015) |
|
|
|
|
Formerly Known
As : |
INGRAM MICRO INDIA LIMITED (w. e. f. 13.05.2009) Tech pacific (india) Limited |
|
|
|
|
Registered
Office : |
5th Floor, Block B, Godrej IT Park, 02 Godrej Business,
District: Pirojshanagar, Vikhroli (West), Mumbai – 400 079, Maharashtra |
|
Tel. No.: |
91-22-30561142/67960101 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
05.03.1996 |
|
|
|
|
Com. Reg. No.: |
11-136340 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 184.928 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH1996PTC136340 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0300013833 |
|
|
|
|
TIN No: |
27170335523 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCT1296R1ZN |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
mumt06887G |
|
|
|
|
PAN No.: [Permanent Account No.] |
aabct1296R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of distribution of Information
Technology Hardware, Software, Mobility, Networking and Security Products. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is a subsidiary of Ingram Micro Worldwide Holdings S.A.R.L,
Netherlands and whose ultimate company is “Ingram Micro Inc. USA”, which is a
fortune 500 company. It provides distribution services of IT hardware over 160 countries.
Subject is an established company incorporated in the year 1996 and has
excellent track record. As per Registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but the documents related to the
financial for the year 2017 are not available from any sources. As per available financials of 2016, the company has increased its
revenue from operation as compared to previous year and maintained average
profitability margin of 1.42%. Rating takes into consideration strong financial profile of the
company marked by sound networth base along with negligible debt structure. Rating further derives strength from strong operational, technologies
and management support received from its holding entity, rich experience of
its promoters along with long business track record and established market
position. Trade relations are reported as fair. Business is active. Payments are
seems to be regular. In view of established market position, the company can be considered
good for normal 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 |
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 24.03.2018
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
91-22-30561142 (Continuously Ringing)
91-22-39894645 (Management non cooperative)
LOCATIONS
|
Registered Office : |
5th Floor, Block B, Godrej IT Park, 02 Godrej Business,
District: Pirojshanagar, Vikhroli (West), Mumbai – 400 079, Maharashtra,
India |
|
Tel. No.: |
91-22-30561142/67960101/ 39894645 |
|
Fax No.: |
91-22-67960102/ 30561000 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 Sq. ft. |
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Branch office 1: |
G-9, Block B-1, Mohan Co-Operative Industrial Area, Mathura Road, New
Delhi-110019, Delhi, India |
|
|
|
|
Branch office 2: |
Gate No.1A, Godrej Industries Complex, Pirojshanagar, Eastern Express Highway, Vikhroli (East), Mumbai - 400079, Maharashtra, India |
|
|
|
|
Southern
Branches : |
Located at: ·
Bangalore ·
Chennai ·
Cochin ·
Coimbatore ·
Hubli ·
Hyderabad ·
Madurai ·
Pudhucherry ·
Trivandrum · Vizag |
|
|
|
|
Western
Branches : |
Located at: ·
Ahmedabad ·
Vadodara ·
Bhopal ·
Indore ·
Surat ·
Mumbai ·
Nagpur ·
Pune ·
Raipur ·
Goa |
|
|
|
|
Northern
Branches : |
Located at: ·
Chandigarh ·
NCR - New
Delhi ·
New Delhi ·
Dehradun ·
Jaipur ·
Lucknow ·
Ghaziabad (NCR) ·
Gurgoan (NCR) ·
Jammu ·
Parwanoo · Ludhiana |
|
|
|
|
Eastern Branches
: |
Located at: ·
Bhubaneshwar ·
Kolkata ·
Ranchi ·
Guwahati · Patna |
|
|
|
|
Overseas Branch
Office : |
Located at: · Singapore |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Jaishankar Vaidyanathan Krishnan |
|
Designation : |
Managing Director |
|
Address : |
Flat No.1201, Somerset Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra, India |
|
Date of Birth/Age : |
20.07.1957 |
|
Qualification : |
MMM, Be (E&C) |
|
Date of Appointment : |
01.01.2014 |
|
PAN No.: |
AAMPK4962B |
|
DIN No.: |
00101652 |
|
|
|
|
Name : |
Michael Sean Zilis |
|
Designation : |
Additional Director |
|
Address : |
517 Marigold Corona Dl Mar California 92625 Us |
|
Date of Appointment : |
16.03.2017 |
|
DIN No.: |
07716846 |
|
|
|
|
Name : |
Mr. Kris Emile Paul Mees |
|
Designation : |
Additional Director |
|
Address : |
Street Neromstraat 195, Meise, 1861, Belgium |
|
Date of Appointment : |
09.12.2015 |
|
DIN No.: |
07359657 |
|
|
|
|
Name : |
Mr. Prabhakar Venkatakrishnan Iyer |
|
Designation : |
Additional Director |
|
Address : |
Flat No.902, Octavius, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
09.07.1964 |
|
Qualification : |
B.Com, FCA, LLB(Gen) |
|
Date of Appointment : |
22.06.2016 |
|
DIN No.: |
00116774 |
|
|
|
|
Name : |
Mr. Sanjay Prabhakar Achawal |
|
Designation : |
Additional Director |
|
Address : |
201, Vijay Tower, Bhaskar Colony, Naupada, Thane West – 400602, |
|
Date of Appointment : |
27.04.2016 |
|
DIN No.: |
02257422 |
KEY EXECUTIVES
|
Name : |
Mr. Nagendra Pal Goel |
|
Designation : |
Company Secretary |
|
Address : |
H. No. 3348, Sector 23, Gurugram – 122001, Haryana, India |
|
Date of Appointment : |
03.09.2015 |
|
PAN No: |
AARPP9811D |
|
|
|
|
Name : |
Grover Ahuja and Associates |
|
Designation : |
Company Secretary |
|
Address : |
D-176, Defence Colony, Delhi – 110024, India |
|
Tel. No: |
91-11-41633301/ 46772201/07 |
|
Email: |
|
|
Website: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Shailendra Gupta |
|
1 |
|
Jaishankar Krishnan |
|
1 |
|
Sanjay Achawal |
|
1 |
|
Ingram Micro Worldwide Holdings S.A.R.L, Luxembourg |
|
18492710 |
|
Ingram Micro Americas Inc., USA (Earlier known as Ingram Micro Asia
Holdings, Inc.) |
|
100 |
|
Prabhakar V. Iyer |
|
1 |
|
Atul Gaur |
|
1 |
|
Blasé Martin D’Souza |
|
1 |
|
Navneet Singh Bindra |
|
1 |
|
Total
|
|
18492817 |
AS ON 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of distribution of Information
Technology Hardware, Software, Mobility, Networking and Security Products. (Registered Activity) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
Central Bank of India, Corporate Finance Branch,
1st Floor, M.S. Road, Fort, Mumbai - 400023, Maharashtra, India
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar West, Mumbai -400028, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFP3641G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Companies : |
Ingram Micro Worldwide Holdings S.A.R.L. |
|
|
|
|
Ultimate Holding company
: |
Ingram Micro Inc., United States of America |
|
|
|
|
Subsidiary Companies
: |
|
|
|
|
|
Fellow Subsidiary Companies : |
|
CAPITAL STRUCTURE
AS ON 29.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19000000 |
Equity Shares |
INR 10/- each |
INR 190.000 million |
|
1300000 |
Preference Shares |
INR 100/- each |
INR 130.000 million |
|
|
Total |
|
INR 320.000
million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18492817 |
Equity Shares |
INR 10/- each |
INR 184.928 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 |
184.928 |
184.928 |
184.928 |
|
(b) Reserves and Surplus |
15402.621 |
12745.724 |
10162.822 |
|
(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) |
15587.549 |
12930.652 |
10347.750 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2892.610 |
2892.610 |
2892.610 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
228.649 |
274.794 |
132.399 |
|
Total Non-current
Liabilities (3) |
3121.259 |
3167.404 |
3025.009 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
537.780 |
1253.237 |
2244.792 |
|
(b) Trade
payables |
21899.026 |
21640.165 |
15560.748 |
|
(c) Other
current liabilities |
1063.810 |
1452.165 |
938.147 |
|
(d) Short-term
provisions |
60.486 |
69.823 |
100.375 |
|
Total Current
Liabilities (4) |
23561.102 |
24415.390 |
18844.062 |
|
|
|
|
|
|
TOTAL |
42269.910 |
40513.446 |
32216.821 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
117.923 |
136.281 |
150.016 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
1.903 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.168 |
1.168 |
1.668 |
|
(c) Deferred tax assets (net) |
425.061 |
423.853 |
277.691 |
|
(d)
Long-term loans and advances |
1492.924 |
1352.664 |
1035.701 |
|
(e) Other
Non-current assets |
111.487 |
153.812 |
88.339 |
|
Total Non-Current
Assets |
2148.563 |
2067.778 |
1555.318 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
14388.981 |
12254.593 |
12625.090 |
|
(c) Trade
receivables |
21068.250 |
23305.528 |
15370.975 |
|
(d) Cash and
bank balances |
1732.037 |
438.651 |
938.882 |
|
(e)
Short-term loans and advances |
832.323 |
549.879 |
561.017 |
|
(f) Other
current assets |
2099.756 |
1897.017 |
1165.539 |
|
Total
Current Assets |
40121.347 |
38445.668 |
30661.503 |
|
|
|
|
|
|
TOTAL |
42269.910 |
40513.446 |
32216.821 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
187716.344 |
175784.153 |
142441.612 |
|
|
Other Income |
488.560 |
563.579 |
571.530 |
|
|
TOTAL |
188204.904 |
176347.732 |
143013.142 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
182257.437 |
168082.131 |
139287.526 |
|
|
Changes in inventories of finished goods,
work-in-progress and Stock-in-Trade |
(2134.388) |
370.497 |
(2482.144) |
|
|
Employee benefit expense |
1357.257 |
1339.280 |
1127.295 |
|
|
CSR expenditure |
41.277 |
33.000 |
0.000 |
|
|
Other expenses |
2127.121 |
2344.812 |
2211.456 |
|
|
TOTAL
|
183648.704 |
172169.720 |
140144.133 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
4556.200 |
4178.012 |
2869.009 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
397.977 |
284.475 |
480.617 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4158.223 |
3893.537 |
2388.392 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
57.434 |
57.221 |
53.718 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4100.789 |
3836.316 |
2334.674 |
|
|
|
|
|
|
|
Less |
TAX |
1443.892 |
1253.414 |
796.461 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2656.897 |
2582.902 |
1538.213 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12561.884 |
9978.982 |
8440.769 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
15218.781 |
12561.884 |
9978.982 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Sales - Overseas Branch |
20404.176 |
19333.344 |
15257.214 |
|
|
Rebate (Netted off against
Cost of Sales) |
689.756 |
447.360 |
402.654 |
|
|
IT Charges |
220.952 |
315.254 |
302.465 |
|
|
TOTAL
EARNINGS |
21314.884 |
20095.958 |
15962.333 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Traded Goods (Excluding import
of Overseas Branch) |
14909.461 |
14348.975 |
13120.973 |
|
|
TOTAL
IMPORTS |
14909.461 |
14348.975 |
13120.973 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
143.67 |
139.67 |
83.18 |
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 flows from (used in) operations |
3943.848 |
2434.375 |
(719.044) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
2379.876 |
802.978 |
(1388.703) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
40.97 |
48.39 |
39.39 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.91 |
7.54 |
9.27 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
43.86 |
46.99 |
40.78 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.32 |
0.34 |
0.23 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
38.64 |
30.66 |
18.89 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.63 |
0.67 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.22 |
0.32 |
0.50 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.51 |
1.89 |
1.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
11.45 |
14.69 |
5.97 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.42 |
1.47 |
1.08 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.29 |
6.38 |
4.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
17.04 |
19.98 |
14.87 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.70 |
1.57 |
1.63 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.09 |
1.07 |
0.96 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.37 |
0.32 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
18.55 |
22.42 |
27.78 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.70 |
1.57 |
1.63 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
184.928 |
184.928 |
184.928 |
|
Reserves & Surplus |
10162.822 |
12745.724 |
15402.621 |
|
Net
worth |
10347.750 |
12930.652 |
15587.549 |
|
|
|
|
|
|
Long-term borrowings |
2892.610 |
2892.610 |
2892.610 |
|
Short term borrowings |
2244.792 |
1253.237 |
537.780 |
|
Total
borrowings |
5137.402 |
4145.847 |
3430.390 |
|
Debt/Equity
ratio |
0.496 |
0.321 |
0.220 |
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 |
142441.612 |
175784.153 |
187716.344 |
|
|
|
23.408 |
6.788 |
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 |
142441.612 |
175784.153 |
187716.344 |
|
Profit/ (Loss) |
1538.213 |
2582.902 |
2656.897 |
|
|
1.08% |
1.47% |
1.42% |
LEGAL CASES
|
Case Details |
|
Bench:-Bombay |
||
|
Presentation Date:- |
03/08/2017 |
||||||||
|
Lodging
No.:- |
ITXAL/1968/2017 |
Filing
Date:- |
03/08/2017 |
||||||
|
Petitioner:- |
COMMISSIONER
OF INCOME TAX (IT) 2 |
Respondent:- |
INGRAM MICRO INDIA PRIVATE LIMITED |
|
Petn.Adv.:- |
TEJVEER
SINGH MASTAN SINGH (I3678) |
|
District:- |
MUMBAI |
|
|
|
Bench:- |
SINGLE |
||||
|
Status:- |
Pre-Admission |
Category:- |
TAX
APPEALS |
|
Last
Date:- |
09/11/2017 |
Stage:- |
FOR
REJECTION [ORIGINAL SIDE MATTERS] |
|
Last
Coram:- |
REGISTRAR(OS)/PROTHONOTARY
& SR. MASTER |
|
Act
:- |
Income
Tax Act, 1961 |
Under
Section:- |
260A |
|
Case Details |
|
Bench:-Bombay |
|
Presentation Date:- |
27/09/2016 |
||||||||
|
Lodging
No.:- |
CPL/784/2016 |
Filing
Date:- |
27/09/2016 |
||||||
|
Petitioner:- |
KHIMJI POONJA FREIGHT FORWARDERS PVT LTD |
Respondent:- |
M/S INGRAM MICRO INDIA PVT LTD (CIN NO - U72900MH1996PTC136340) |
|
Petn.Adv.:- |
JAYAKAR
AND PARTNERS (I3449) |
|
District:- |
MUMBAI |
|
Bench:- |
SINGLE |
||||
|
Status:- |
Transferred |
Category:- |
COMPANY
PETITION U/SEC 433,434,439 COMPANIES ACT |
|
Transfer
Date:- |
01/02/2017 |
Remark:- |
TRANSFERRED
TO NCLT VIDE OFFICE LETTER NO. COM./58/2017, DT. 01/02/2017 |
|
Act
:- |
Companies
Act & Rules 1956 |
Under
Section:- |
433
(E), 434, 439 |
City Sessions Court, Mumbai
Case
Details
Case Type: CRI M A
Filing Number: 102969/2017Filing Date: 08-03-2017
Registration Number: 100478/2017Registration
Date: 08-03-2017
CNR Number: MHCC02-002686-2017
Case Status
First
Hearing Date: 09th March 2017
Next Hearing Date: 28th June 2017
Stage of Case: REPLY/SAY
Court Number and Judge: 56-COURT 56 AD-HOC SESSIONS JUDGE
Petitioner and Advocate
1) Noida Software Technology Park Ltd. -
Revisionist
Address - A-39, South Extension - II, New Delhi
Advocate- Wesley Menezes and Aditya Wadhwa
2) Ankur Jain
6B/6, Siri Fort Institutional Area, Khel Gaon Road, New
Delhi
Respondent and Advocate
1) Ingram Micro India Pvt. Ltd.and The State of
Maharashtra - Respondent
Address - Managing Director, Godrej IT Park, B-Block,
5th Floor, Pirojshanagar, L.B.S. Road, Vikhroli (W) Mumbai
Acts
|
Under Act(s) |
Under Section(s) |
|
Negotiable Instrument Act |
138 |
Subordinate
Court Information
Court Number and Name: 73rd Court Vikhroli
Case Number and Year: CRI CASE - 0000805 - 2016
Case Decision Date: 08-10-2016
|
History of
Case Hearing |
|
Registration Number |
Judge |
Business On Date |
Hearing Date |
Purpose of hearing |
|
100478/2017 |
COURT 15 ADDL SESSIONS JUDGE |
15-04-2017 |
FILING AFFIDAVIT |
|
|
100478/2017 |
COURT 15 ADDL SESSIONS JUDGE |
12-05-2017 |
REPLY/SAY |
|
|
100478/2017 |
COURT 15 ADDL SESSIONS JUDGE |
28-06-2017 |
REPLY/SAY |
Case
Transfer Details Between The Courts
|
Regn. Number |
Transfer Date |
From Court Number |
To Court Number |
|
100478/2017 |
02-06-2017 |
15 - COURT 15 ADDL SESSIONS JUDGE |
56 - COURT 56 AD-HOC SESSIONS JUDGE |
City Sessions Court, Mumbai
Case
Details
Case Type: CRI M A
Filing Number: 102970/2017Filing Date: 08-03-2017
Registration Number: 100479/2017Registration
Date: 08-03-2017
CNR Number: MHCC02-002688-2017
Case Status
First
Hearing Date: 09th March 2017
Next Hearing Date: 28th June 2017
Stage of Case: REPLY/SAY
Court Number and Judge: 56-COURT 56 AD-HOC SESSIONS JUDGE
Petitioner
and Advocate
1) Vishnu Bhagwan - Revisionist
Address - B-39, Madhuban Colony, New Delhi
Advocate- Wesley Menezes and Aditya Wadhawa
2) Murli Dhar Asthana
797, Sector 21, Gurgaon
3) Ravindra Nath Agarwal
228, Pocket-B, Sukhdev Vihar, New Delhi
4) Anil Kumar
A-47, Saloni House, Freedom Fighter Enclave, Neb Sarai,
New Delhi
Respondent
and Advocate
1) Ingram Micro India Pvt. Ltd. and The State of
Maharashtra - Respondent
Address - Managing Director, Godrej IT Park, B-Block,
5th Floor, Pirojshahnagar, L.B.S. Road, Vikhroli (W) Mumbai
Acts
|
Under Act(s) |
Under Section(s) |
|
Negotiable Instrument Act |
138 |
Subordinate
Court Information
Court Number and Name: 73rd Court Vikhroli
Case Number and Year: CRI CASE - 0000805 - 2016
Case Decision Date: 08-10-2016
|
History of
Case Hearing |
|
Registration Number |
Judge |
Business On Date |
Hearing Date |
Purpose of hearing |
|
100479/2017 |
COURT 15 ADDL SESSIONS JUDGE |
15-04-2017 |
FILING AFFIDAVIT |
|
|
100479/2017 |
COURT 15 ADDL SESSIONS JUDGE |
12-05-2017 |
REPLY/SAY |
|
|
100479/2017 |
COURT 15 ADDL SESSIONS JUDGE |
28-06-2017 |
REPLY/SAY |
Case
Transfer Details Between The Courts
|
Regn. Number |
Transfer Date |
From Court Number |
To Court Number |
|
100479/2017 |
02-06-2017 |
15 - COURT 15 ADDL SESSIONS JUDGE |
56 - COURT 56 AD-HOC SESSIONS JUDGE |
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 |
No |
|
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) |
Yes |
|
16 |
No. of employees |
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 |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from “Gate No.1A, Godrej Industries Complex” Pirojsha Nagar,
Eastern Express Highway, Vikhroli (East), Mumbai - 400079, Maharashtra, India” to the present address w.e.f.
01.02.2012
BRIEF DESCRIPTION OF
THE COMPANYS WORKING DURING THE YEAR/STATE OF COMPANYS AFFAIR:
During the period, the Company has achieved the gross income of INR 188204.904 Million and net profits after taxes of INR 2656.897 Million as compared to previous year INR 176347.732 Million and profits of INR 2582.902 Million respectively.
CORPORATE INFORMATION:
Subject is engaged
in the business of distribution of Information Technology hardware, software,
mobility, networking and security products. The Company is a public limited
company having it’s registered office in Mumbai with branches across the
country and an overseas branch in Singapore.
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Fully convertible debentures others |
2892.610 |
2892.610 |
|
SHORT-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
237.780 |
1253.237 |
|
Total
|
3130.390 |
4145.847 |
INDEX OF CAHREGS:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A15506306 |
80027459 |
Central Bank of India |
30/03/2002 |
25/06/2004 |
11/05/2007 |
930000000.0 |
Corporate Finance Branch, 1st floor, M.S. Road, Fort, Mumbai-400023, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in Million)
|
PARTICULARS |
31.03.2016 |
|
Claims against the Company not acknowledged as debt * |
70.362 |
|
Guarantees given by the Companys Bankers |
130.456 |
|
Guarantee issued to Bank |
42.2986 |
|
Sales tax matters disputed by the Company * |
4768.966 |
|
Custom duty tax matters disputed by the Company * |
584.609 |
|
Service tax matters disputed by Company * |
4.734 |
|
Income and Wealth Tax matters disputed by the Company * |
175.346 |
FIXED ASSETS:
Tangible Assets
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Leasehold Improvements
Intangible Assets
· Goodwill
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
|
INR |
|
US Dollar |
1 |
INR 65.13 |
|
UK Pound |
1 |
INR 91.96 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPY |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.