MIRA
INFORM REPORT
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Report Date : |
24.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
RICO JINFEI WHEELS LIMITED |
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Registered Office : |
38, K.M. Stone, Delhi Jaipur Highway, Village Khandsa, C/o Rico Auto Industries
Limited, Gurgaon – 122001, Haryana |
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Country : |
India |
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Date of Incorporation : |
16.07.2007 |
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Com. Reg. No.: |
037021 |
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CIN No.: [Company
Identification No.] |
U34200HR2007PLC037021 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKR04877F |
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Legal Form : |
Closely held Public Limited liability Company |
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Line of Business : |
Designing, Engineering, Manufacturing, Assembling, Buying, Selling, Exporting,
Importing and Dealing in wholesale and retail in wheels of all description
including aluminum wheels for Bicycles, /Scooters, Motorcycles and all other
kinds of Automobiles including but nor limited to Passenger Cars, Tractors,
Light commercial Vehicles, Buses, Trucks, Jeeps, All terrain Vehicles and Oil
Road Vehicles etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company promoted by Rico Auto, Gurgaon. The company is in the process of establishing itself. No further
details could be made available. The company can be considered for small to mediocre business dealings
with slight caution, initially. |
LOCATIONS
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Registered Office : |
38, K.M. Stone, Delhi Jaipur Highway, Village Khandsa, C/o Rico Auto Industries
Limited, Gurgaon – 122001, Haryana, India |
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E-Mail : |
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Factory : |
Plot No. 397, Sector 8, IMT Manesar, Gurgaon – 122001, Haryana, India |
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Tel No.: |
91-124-2824000 |
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Fax No.: |
91-124-2824200 |
DIRECTORS
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Name : |
Mr. Arvind Kapur |
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Designation : |
Director |
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Address : |
181-C, Western Avenue, Saink Farms, New Delhi – 110062 |
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Date of Birth/Age : |
05.07.1950 |
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Name : |
Mr. Naresh Kumar Sethi |
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Designation : |
Director |
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Address : |
B-9/11 DLF City Phase – 1, Gurgaon – 122002, Haryana |
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Date of Birth/Age : |
28.10.1947 |
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Name : |
Mr. Om Prakash Aggarwal |
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Designation : |
Director |
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Address : |
House No. 761, Sector 14, Gurgaon – 122001, Haryana |
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Date of Birth/Age : |
08.01.1946 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Rico Auto Industries Limited |
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49994 |
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Mr. Arvind Kapur |
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01 |
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Mr. Rakesh Kapur |
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01 |
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Mr. Arvind Sharma |
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01 |
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Mr. Om Prakash Aggarwal |
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01 |
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Mr. Naresh Kumar |
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01 |
BUSINESS DETAILS
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Line of Business : |
Designing, Engineering, Manufacturing, Assembling, Buying, Selling, Exporting,
Importing and Dealing in wholesale and retail in wheels of all description
including aluminum wheels for Bicycles, /Scooters, Motorcycles and all other
kinds of Automobiles including but nor limited to Passenger Cars, Tractors,
Light commercial Vehicles, Buses, Trucks, Jeeps, All terrain Vehicles and Oil
Road Vehicles etc. |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
LOCAL AGENCY
FURTHER INFORMATION
Nil
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 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.57 |
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UK Pound |
1 |
Rs.78.93 |
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Euro |
1 |
Rs.56.85 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
1 |
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--CREDIT LINES |
1~10 |
1 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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12 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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