MIRA
INFORM REPORT
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Report Date : |
10.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
R. B.
BUSINESS PROMOTION PRIVATE LIMITED |
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Registered Office : |
114, Ansal Bhawan, 16, Kasturba Gandhi
Marg, New Delhi-110 001 |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
06.02.1986 |
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Com. Reg. No.: |
55-25035 |
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CIN No.: [Company
Identification No.] |
U74899DL1986PTC025035 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELR08913C |
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PAN No.: [Permanent
Account No.] |
AAACR0620A |
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Legal Form : |
Private
Limited Liability Company. |
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Line of Business : |
Importers of Communication Equipments and
Communication Solution Providers (WAN Access and Digital Transmission
Products for Networking) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
175000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
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Comments : |
Subject
is a well established company having satisfactory track. Trade relations are
fair. General financial position is satisfactory. Payments are correct and as
per commitments. The
company can be considered good for any normal business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
114, Ansal Bhawan, 16, Kasturba Gandhi
Marg, New Delhi-110 001, India |
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Tel. No.: |
91-11-23718020/23317087/23317088/51520380/51520380 /51520381 |
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Fax No.: |
91-11-23713141 |
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E-Mail : |
sales@rbcomtec.co.in / rbdelhi@rbcomtrec.co.in / pr@rbcomtec.com / optibasedivrb@rbcomtec.com / anoop@rbcomtec.com |
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Website : |
http://www.rbcomtec.co.in
/ http://www.beesys.com |
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Location : |
Commercial |
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Branches
: |
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DIRECTORS
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Name : |
Mr.
Ravi Pall |
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Designation : |
Director
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Address : |
3
Tolstoy Lane, New Delhi-110 001 |
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Date of Birth/Age : |
13/09/1953 |
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Date of Appointment : |
06/08/1986 |
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Name : |
Ms.
Bela Pall |
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Designation : |
Director
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Address : |
3
Tolstoy Lane, New Delhi-110 001 |
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Date of Birth/Age : |
15/11/1959 |
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Date of Appointment : |
06/08/1986 |
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Name : |
Mr.
Daulat Ram T Pall |
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Designation : |
Director
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Address : |
3
Tolstoy Lane, New Delhi-110 001 |
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Date of Birth/Age : |
21/11/1929 |
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Date of Appointment : |
28/05/1990 |
KEY EXECUTIVES
|
Name
: |
A
Kaushal & Associates |
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Designation
: |
Company Secretary |
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Address : |
WZ-415, Naraina,
New Delhi – 110 028 |
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Mobile : |
+91 98100 50390 |
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E-mail : |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
Percentage of Holding |
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Mr.
Ravi Pall |
907,000 |
91.16 |
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Ms.
Bela Pall |
44,000 |
4.42 |
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Mr.
Daulat Ram T Pall |
44,000 |
4.42 |
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Total |
995,000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Importers of Communication Equipments and
Communication Solution Providers (WAN Access and Digital Transmission
Products for Networking) |
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Products : |
LAN & WAN Connectivity Ø
CTC Ø
Satelcom Ø
Teledata Ø
Telindus Wireless Communication Ø
Avanty Ø
K-Best
Radio Ø
xDsl
Access Devices Ø
Xavi Video Sureillance Ø
Fuho Ø
Teleeye Ø
Vcon
Products Video Streaming Ø
Otibase Video Conference Ø
Vcons Ø
Leadtek Voice Over IP Ø
Audio
Codes Ø
Welltech Ø
Ziptel Network Testing |
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Imports from : |
Taiwan, Hong Kong and Israel |
GENERAL
INFORMATION
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Suppliers : |
Ø ASP’s/Portals
Ø Banks
and Financial Institutions Ø Corporate
/multinational Organizations Ø Defence
Paramilitary Organizations Ø Department
of Telecommunications Ø E-commerce
& ISP companies Ø Government
Organizations and Departments Ø Insurance
Companies Ø Media
Organizations Ø
Software Companies |
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Authorised
Distributor / Business Partner : |
·
Teledata
Networks, Europe (Wireline Access Products) ·
CTC
Union Technologies (Data/Telecommunication Products) ·
Xavi
Technologies Company, Taiwan (Modem Cum Routers) ·
Fuho
Technologies ·
TeleEye,
Hong Kong ·
Optibase
Limited, Israel (Voice Over IP Solutions) ·
EMBLAZE
VCON ·
ZIPTEL
OEM Partner ·
Audio
Codes Limited ·
Leadtek
Research Inc ·
Vados
Systems ·
Telindus
Group, NV ·
K-Best
Technology Inc., ·
Welltech
Computer Company Limited, Taiwan ·
Wealltech
Inc., Hong Kong ·
Streambox ·
Leadtek
Research Inc., Taiwan |
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No. of Employees : |
25 |
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Bankers : |
☻ State bank of India ☻ Standard Chartered Bank ☻ ICICI Bank Limited ☻ HDFC Bank Limited Financial Institution : ☻ 20th Century Financial Corporation Limited ☻ Kotak Mahindra Limited, Bangalore and Delhi ☻ Countrywide Consumer Financial Corporation |
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Facilities : |
Cash credit and FCNR : Rs. 6.350 millions with State Bank of India as per bank agreement dated January 8th , 2004. (secured against stocks and debtors and hypothecation of company property situated at B-103 and 104, Ground Floor, Perola Domar Gandolim, Goa) |
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Banking Relations : |
Satisfactory |
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Auditors : |
Deepak
Kumar Chartered
Accountants 39-B,
Street No.2, East Azad Nagar, Krishna Nagar, Delhi – 110 051 |
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Tel. No.: |
91-11-5571
9135 |
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Associates/Subsidiaries : |
R B Comtec Promoter
: Mr. Ravi Pall |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
1,000,000 |
Equity
Shares |
Rs.10/- each |
Rs. 10.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
995,000 |
Equity
Shares |
Rs.10/- each |
Rs. 9.950 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
9.950 |
4.950 |
4.950 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
34.053 |
33.086 |
32.122 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
44.003 |
38.036 |
37.072 |
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LOAN FUNDS |
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1] Secured Loans |
29.814 |
30.050 |
24.201 |
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2] Unsecured Loans |
11.914 |
10.963 |
2.589 |
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TOTAL BORROWING |
41.728 |
41.013 |
26.790 |
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DEFERRED TAX LIABILITIES |
1.316 |
1.339 |
1.139 |
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TOTAL |
87.047 |
80.388 |
65.001 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
17.481 |
19.710 |
20.585 |
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INVESTMENT |
0.074 |
0.074 |
3.680 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
44.227 |
44.107 |
36.507 |
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Sundry Debtors |
40.239 |
31.717 |
32.569 |
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Cash & Bank Balances |
1.996 |
1.168 |
4.758 |
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Other Current Assets |
0.000 |
0.000 |
0.000 |
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Loans & Advances |
10.382 |
8.969 |
8.024 |
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Total Current Assets |
96.844 |
85.961 |
81.858 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
26.700 |
24.170 |
41.122 |
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Provisions |
0.652 |
1.187 |
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Total Current Liabilities |
27.352 |
25.357 |
41.122 |
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Net Current Assets |
69.492 |
60.604 |
40.736 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
87.047 |
80.388 |
65.001 |
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PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
Sales Turnover [including other income] |
179.346 |
193.331 |
172.603 |
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Profit/(Loss)
Before Tax |
1.591 |
2.422 |
6.027 |
|
Provision
for Taxation |
0.624 |
1.458 |
2.456 |
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Profit/(Loss)
After Tax |
0.967 |
0.964 |
3.571 |
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Total
Expenditure |
166.428 |
178.228 |
160.236 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
PAT / Total Income
|
(%)
|
0.54 |
2.07 |
5.55 |
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Net Profit Margin
(PBT/Sales) |
(%) |
0.89 |
3.49 |
8.37 |
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Return on Total Assets
(PBT/Total Assets} |
(%) |
0.85 |
5.68 |
15.87 |
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Return on Investment (ROI)
(PBT/Networth) |
|
2.20 |
0.16 |
0.44 |
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Debt Equity Ratio
(Total Liability/Networth) |
|
0.62 |
1.83 |
1.75 |
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Current Ratio
(Current Asset/Current Liability) |
|
3.54 |
1.99 |
1.46 |
LOCAL AGENCY
FURTHER INFORMATION
Financial
Institutions
20th Century Financial Corporation Limited Kotak Mahindra Limited, Bangalore & Delhi Countrywide Consumer Financial Corporation.
Subject
does not export and supplies in the domestic market.
Incorporated on February 6, 1986
the subject is engaged in the business of Importers of Communication Equipments and Communication Solution
Providers (WAN Access and Digital Transmission Products for Networking)
Key Operational Area :
· Integrated Voice ,Data & video applications
· LAN and WAN access
· xDSL access Devices
· Wireless
· VoIP
· Optic Fiber Access
· Video streaming & conferencing
· Networking Testing
· Encryption
Authorised Distributors / Business Partners with the following companies
CTC Union Technologies specializes in both design and
manufacture of data / telecommunication products for networking . CTC designs
and manufactures a wide spectrum of data communication products for both copper
and fiber optics media including rate & interface besides data
communication products , CTC also analyzers testers , analog line testers ,
Analog line testers and LAN cable testers.
Xavi Technologies Company Taiwan : Xavi is based in Taiwan
& deals in xDSL modems cum routers . leaders in the business Data
&voice services it plans to introduce mini DSLAMS and DSLAMS . it
by-passes conventional infrastructure and helps to access the data directly
from the FRAME RELAY or ATM network. Also solution to all kinds of broad problems
.
Fuho Technologies , Taiwan : Established in 1980 Fuho specializes in the CCTV
surveillance industry with a full fledged manufacturing base & in-house
R&D facilities . Besides a range of conventional equipment , Fuho has also
introduced a wide range of sophisticated devices to meet today's
surveillance needs .
Teleeye , Hong Kong : Founded in 1994 by the city
university of Hong Kong and a group of engineering researchers , the Teleeye
Group is principally engaged in the development , sales and marketing of
innovative products that make use of advanced signal processing technologies .
The Group has rapidly grown to become a dynamic and world-class supplier of
remote visual management system with extensive applications in various
industries .
Optibase , Israel : Founded in1994 and listed on NASDAQ (OBAS) since 1999
, optibase is pioneer and market leader in broadband video and content creation
platforms . Its products are at the core of professional digital video
solutions worldwide and it has taken a leading role in the effort to
standardize and form interpretability in the market place. Optibase is chairing
the IM-1 sub-committee of the ISO moving picture experts group
(MPEG-4)initiation for MPEG-4 standardization(ISO_IECJTCI.SCWG11). Optibase is
fodtering MPEG-4 and transcoding technologies which will drive solutions for
the next generation broadband internet . Optibase is a member of the
interactive MPEG-2 forum , the FS-VDSL forum and ISMA (Internet Streaming Media
Alliance).
ZIPTEL OEM Partner: Ziptel is a cost effective and highly reliable voice
over IP (VoIP) gateway that offers toll quality and real-time fax data over IP
networks . With its embedded architecture , Ziptel is ideal for VoIP (SMB),
remote office and branch office (ROBO), and ISP service markets . Ziptel family
supports voice over IP (VoIP), as well as fax over IP (FoIP), and it seamlessly
bridges existing PBX or phones with IP networks . its scalabilities satisfies
users’ needs for system growth without additional software or complex
integration . it also supports various types of networks configurations and
requires very little maintenance or administration . it is fully interoperable
with world renowned VoIP gateways PBXs. Furthermore ,Ziptel may coexist with
broadband access devices for ADSL or CATV network.
Audio Codes Limited, Israel : Audio codes Limited, (NASDAQ: AUDC)
design, develops and markets voice over packet media gateway technologies and
system for converged networks . The company is a market leader in voice
compression technology and the key originator of the ITU G,723.1 standard for
packet networks in the wire line ,wireless broadband access and media server
markets ,as well as enabling technology products such as VoIP communication
broads , VoIP media gateway modules and CPE devices .
Leadtek Research Inc. Taiwan : Founded in 1986 leadteck research
,Inc. is a research and development company that is specialized in
the design and manufacture of a wide range of high performance graphics and
video solutions.
Award-wining producers in leadteck’s computer group
include the win fast series 3D graphics accelerators (mainstream and
workstation-class ), motherboards and multimedia cards . products in its
communications group include video telephony ,surveillance and GPS solutions
.Leadtek has always been focused on intensive R&D ,and its ISO9001
manufacturing facility has been recognized as an industry quality leader
. leadtek is committed to a win-win strategy of identifying and meeting the
needs of its users ,thereby sharing a mutual success with its customers .
Welltech, Taiwan :
Welltech computer Company, Limited Was founded in 1988 in the capital of
Taiwan with the aim of linking people and technologies . Henceforth it has been
an integral part of the community for over a decade . The Communication and
Networking solutions to the customers through strong
knowledge and expertise in own line of VoIP solutions . broadband devices
and become a VoIP expert. Welltek family supports both the protocols H323 and
SIP which render it as a very cost effective solution on voice over IP(VoIP)
&real time fax over IP (FoIP) . welltek VoIP solution are ideal for the
SOHO (small office ;b Home office ), and for ISP/ITSP service markets .
Wellteck products are easily configurable with the existing PABX or
phones with IP networks
Award-wining producers in leadteck’s computer group
include the win fast series 3D graphics accelerators (mainstream and
workstation-class ), motherboards and multimedia cards
AS PER
WEBSITE :
R.B
business Promotion Private Limited Was established in the year 1986 with the
prime objective of acting as a representative and distributor of foreign
companies for the Indian market. Their division R.B. Comtec was formed in
1997. primarily to focus on WAN access and digital transmission products for
networking.
As R.B.Comtec’s Founder , RaviPall aptly sums it up:” We may be
relatively compared to other companies in our field , but we believe in our
size allows us to remain focused on our greatest strength , that is ,flexibility
and responsiveness to our customers ‘ needs . we want every interaction to be
beneficial for them . Unlike many others , our focus is not top line but
customer satisfaction”.
THE COMPANY ARE
- Specials in
WAN products and networking solution /applications and have a products
range to match a wide spectrum of WAN requirements/application.
- Providers of
cost-effective, reliable and integrated voice data & video
applications.
- An established
company ,with almost a decade of proven track record in meeting the needs
of their customers.
- A proactive
and responsive company with an entrepreneurial spirit .
- A full-service
communications company ,offering complete and state and state-of-the-art
products & solutions.
Vision : They are committed
to the vision of developing an environment for enhanced communication in which
customers can take full advantage of the benefits offered through their
advanced products , solutions and services.
Commitment : To deliver
high quality , scalable and integrated products and solutions that are
necessary today for the WAN/Networking requirements of the users. To
constantly source new technology while expanding their operational
infrastructure to meet the changing needs of their customers.
Customer Philosophy : Since
their inception they have distinguished theirselves from the competition
through an organization-wide commitment to deliver a superior customer
experience .They have a clear strategy for turning this philosophy into a
reality :-
- Their
dedicated team of professionals throughout their specific needs before
determining the most appropriate products & solutions for their
application.
- Their core
team is assigned to ensure that the agreed solution is implemented to the
customers’ satisfaction .
- Their service
engineers follow up with the customers to obtain feedback &
perform ongoing service excellence checks.
- Their 24/7
dedicated support service ensure that customers get help in real time .
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 |
Rs.44.45 |
|
UK
Pound |
1 |
Rs.84.83 |
|
Euro |
1 |
Rs.57.12 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
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 |
|
TOTAL |
|
54 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|