MIRA
INFORM REPORT
|
Report Date : |
19.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
LITTLE
ROSE TRADING PRIVATE LIMITED |
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Registered Office : |
B-116,
Nirman Vihar, Vikas Marg, New Delhi-110092, Delhi |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
17.01.2000 |
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Com. Reg. No.: |
55-103305 |
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CIN No.: [Company
Identification No.] |
U74899DL2000PTC103305 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
To
carry on all or any of the business as exporters, importers, merchants,
traders, concessionaries, buyers, sellers, dealers, distributors,
representatives, brokers, factors, agents, sub-agents, commission agents of
all and every kind and in any form or shape of merchandise, goods, services,
commodities, produce, materials and products. |
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
35000 |
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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 and reputed traders of computer peripherals. Directors
are reported as experienced and respectable businessmen. Trade relations are
reported as fair. Business is active. Payments are reported as usually
correct and as per commitments. The
company can be considered normal for business dealings at usual trade terns
and conditions. |
LOCATIONS
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Registered Office : |
B-116,
Nirman Vihar, Vikas Marg, New Delhi-110092, Delhi, India |
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Tel. No.: |
91-11-2231890 |
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E-Mail : |
director@littlerosetrading.com |
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Website : |
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Showroom Address : |
205, Deepali Builiding, 2nd
Floor, 92, Nehru Place, New Delhi-110019. |
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Branch : |
23, Veer Savarkar Block,
Shakarpur, New Delhi-110092. |
DIRECTORS
|
Name : |
Mr.
Harish Gupta |
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Designation : |
Director |
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Address : |
B-116,
Nirman Vihar, Vikas Marg, New Delhi-110092, Delhi, India |
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Date of Appointment : |
17.01.2000 |
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Name : |
Mrs.
Rita Gupta |
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Designation : |
Director |
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Address : |
B-116,
Nirman Vihar, Vikas Marg, New Delhi-110092, Delhi, India |
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Date of Appointment : |
17.01.2000 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
Mr.
Harish Gupta |
5098 |
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Mrs.
Rita Gupta |
5100 |
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Mr.
Ved Bharat Arya |
2 |
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Harish
Gupta and Sons (HUF) |
1 |
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Mr.
Prabal Gupta |
10 |
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Mrs.
Janki Prasad Gupta |
20 |
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Mr.
Anil Kumar Gupta |
10 |
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Mr.
Krishan Kumar Gupta |
10 |
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Mr.
Vipin Gupta |
10 |
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Mr.
Varun Gupta |
10 |
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Mrs.
Deepa Gupta |
10 |
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Ms.
Poonam Gupta |
10 |
BUSINESS DETAILS
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Line of Business : |
To carry
on all or any of the business as exporters, importers, merchants, traders,
concessionaries, buyers, sellers, dealers, distributors, representatives,
brokers, factors, agents, sub-agents, commission agents of all and every kind
and in any form or shape of merchandise, goods, services, commodities,
produce, materials and products. |
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Brand Names : |
Intel,
Samsung, HP, Seagate, Microsoft, IBM, Creative, Logitech, LG, APC, Intex,
I-Ball, Mercury |
GENERAL
INFORMATION
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Bankers : |
Bank
of Punjab Limited F-101/B,
Plot No.6, Aditya Complex Community Centre, Preet Vihar, New Delhi-110092,
Delhi, India Centurion
Bank of Punjab Limited F-101/B,
Plot No.6, Aditya Complex Community Centre, Preet Vihar, New Delhi-110092,
Delhi, India Tel.
No.: 91-11-22442777/ 4777/6777 Fax
No.: 91-11-22043799 ICICI
Bank Limited NBCC
Place, Bhishm Pitamah Marg, New Delhi-110001, Delhi, India |
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Banking Relations : |
Satisfactory |
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Auditors : |
G. K.
Gupta & Associates Chartered
Accountants Address
: Karampura Commercial Complex, New Delhi-110015, Delhi, India |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
200000 |
Equity
Shares |
Rs.10/- each |
Rs.2.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
10311 |
Equity
Shares |
Rs.10/- each |
Rs.0.103 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.103 |
0.103 |
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2] Share Application Money |
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0.000 |
1.204 |
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3] Reserves & Surplus |
|
8.433 |
6.597 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
8.536 |
7.904 |
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LOAN FUNDS |
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1] Secured Loans |
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5.434 |
3.538 |
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2] Unsecured Loans |
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0.008 |
3.154 |
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TOTAL BORROWING |
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5.442 |
6.692 |
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DEFERRED TAX LIABILITIES |
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0.272 |
0.231 |
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TOTAL |
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14.250 |
14.827 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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2.049 |
2.090 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
8.815 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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11.990 |
1.346 |
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Sundry Debtors |
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7.683 |
4.939 |
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Cash & Bank Balances |
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0.650 |
0.508 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
|
1.659 |
0.384 |
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Total Current Assets |
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21.982 |
7.177 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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9.428 |
2.810 |
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Provisions |
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0.358 |
0.451 |
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Total Current Liabilities |
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9.786 |
3.261 |
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Net Current Assets |
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12.196 |
3.916 |
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MISCELLANEOUS EXPENSES |
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0.005 |
0.006 |
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TOTAL |
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14.250 |
14.827 |
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KEY
RATIOS
|
PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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NA |
NA |
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Net
Profit Margin (PBT/Sales) |
(%) |
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NA |
NA |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
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NA |
NA |
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Return
on Investment (ROI) (PBT/Networth) |
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NA |
NA |
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Debt
Equity Ratio (Total
Liability/Networth) |
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1.78 |
1.26 |
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Current
Ratio (Current
Asset/Current Liability) |
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2.25 |
2.20 |
LOCAL AGENCY
FURTHER INFORMATION
Form
8 Particular for creation or modification of charges
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Name of the company |
LITTLE
ROSE TRADING PRIVATE LIMITED |
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Presented By |
MR. HARISH
GUPTA (DIRECTOR) |
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1) Date and description of instrument creating the change |
27.12.2004 Agreement for Cash Credit (Hypothecation of stocks and book debts) |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.3.500 millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
First Charge by way of hypothecation of entire Book debts and entire stocks. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Margin : 25% on Stocks, 50% on Book Debts for less than 90 days shall not exceed 50% of the total limit. Rate of Interest : 1% below statement to be submitted on quarterly basis with in a maximum period of 10 days, falling which 2% penal interest will be charged for of default. Processing fee @ 25% p.a. and other terms and conditions as per agreement. |
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5) Name and Address and description of the person entitled to the charge. |
Bank of Punjab Limited F-101/B,
Plot No.6, Aditya Complex Community
Centre, Preet Vihar, New
Delhi-110092, Delhi, India |
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6) Date and brief description of instrument modifying the charge |
N.A. |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
N.A. |
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Corporation identity number or foreign company registrations number of the company |
U74899DL2000PTC103305 |
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Name of the company |
LITTLE
ROSE TRADING PRIVATE LIMITED |
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Address |
B-116,
Nirman Vihar, Vikas Marg, New Delhi-110092, Delhi, India |
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This Form is for |
Creation
of Charge |
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Type of Charges |
Hypothecation Exclusive
charge of entire current assets |
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Particular of the charge holder |
ICICI
Bank Limited NBCC
Place, Bhishm Pitamah Marg, New
Delhi-110001, Delhi, India E-Mail
: appl.helpdesk@mca.gov.in |
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Nature or description of the instrument creating charge |
Master facility agreement and deed of hypothecation |
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Date of the instrument creating charge |
21.04.2006 |
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Amount Secure by the charge |
Rs.10.000 millions |
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Brief of the principal terms and conditions and extent and operation of the charge |
The above constitutes overdraft limit of Rs.10 millions, with following terms and conditions Interest Overdraft : 2.25% below the sum of ICICI Bank Bench mark advance rate and the cash credit risk premium prevailing on each day that the debt remains outstanding plus applicable or other statutory levy, if any, subject to a minimum of 10.00% p.a. |
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Description of the property charge whether it is a charge on |
Stock in Trade Book Debts Exclusive charge of entire current assets |
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Corporation identity number or foreign company registrations number of the company |
U74899DL2000PTC103305 |
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Name of the company |
LITTLE
ROSE TRADING PRIVATE LIMITED |
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Address |
B-116,
Nirman Vihar, Vikas Marg, New Delhi-110092, Delhi, India |
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This Form is for |
Creation
of Charge |
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Type of Charges |
Hypothecation Exclusive
charge of entire current assets of the firsm consisting of stock, cash and
receivables (value as on 31.03.2005 Rs.7.18 millions). Personal
Guarantee of Directors Mr.
Harish Gupta, networth of Rs.12.0 millions as on 31.03.2005 Mrs.
Rita Gupta, networth of Rs.2.9 millions as on 31.03.2005 Oral
mortgage of residential property worth Rs.16.83 millions. |
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Particular of the charge holder |
ICICI
Bank Limited NBCC
Place, Bhishm Pitamah Marg, New
Delhi-110001, Delhi, India |
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Nature or description of the instrument creating charge |
Master facility agreement and deed of hypothecation |
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Date of the instrument creating charge |
21.04.2006 |
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Amount Secure by the charge |
Rs.10.000 millions |
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Brief of the principal terms and conditions and extent and operation of the charge |
The above constitutes overdraft limit of Rs.10 millions, with following terms and conditions Interest Overdraft : 2.25% below the sum of ICICI Bank Bench mark advance rate and the cash credit risk premium prevailing on each day that the debt remains outstanding plus applicable or other statutory levy, if any, subject to a minimum of 10.00% p.a. The ICICI bank Benchmark Advance Rate as on date is 11.75% per annum; Cash Credit risk premium as on date is 0.50% per annum. I-BAR as on date is at 11.25% p.a., Cash Credit Premia is 0.5% p.a. |
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Description of the property charge whether it is a charge on |
Stock in Trade Book Debts Exclusive
charge of entire current assets of the firm consisting of stock, cash and
receivables (value as on 31.03.2005 Rs.7.18 millions). Personal
Guarantee of Directors Mr.
Harish Gupta, networth of Rs.12.0 millions as on 31.03.2005 Mrs.
Rita Gupta, networth of Rs.2.9 millions as on 31.03.2005 Oral mortgage of residential property worth Rs.16.83 millions. |
Website Details :
Subject is leading business
partner of a few eminent names among the Indian IT Industry.
It is a multi diversified company,
known for providing complete IT Solution to its Clients. Today subject
represents the most eminent names in computer and networking products. It
specializes in Internet, Web, Intranet, Servers and Networking Solutions.
Subject is one of the Countrywide
leading Suppliers of Computer Hardware products and services to their clients.
Their goal is to provide the most
advanced, reliable and affordable IT products to their valued customers with
superior product quality, as well as providing exclusive
After Sale Service.
Subject was born 10 years back &
today has become a well known & leading name in Computer IT industry. It is
proven from the company's year to year growth which is multiplying every year.
Partners :
Intel, Samsung, HP, IBM, Seagate, Logitech, Creative, Microsoft, Iomega,
Mercury, Intex
Networking Partners : CISCO, AMP, 3 COM, D-Link, Intel
Printer Partners : HP, EPSON, Canon, TVSE, Lexmark
Communication : The Communication related problems including LAN, WAN,
and Wireless Solutions.
Software : All leading brands available.
Service : It is actively into providing Hardware Support Services
to its valued Clients. It undertakes Annual Maintenance Contracts for the
entire range of Computer Systems, Networks and Servers.
PRODUCTS DETAIL
Computer Casing :- Mercury, Intex, I-Ball, Microtek, Perx
Camera Web/Digital :- Creative, Logitech, Intex, I-Ball
Cd-Rom Drive :- Samsung, Sony, Iomega, Lg
Cd-Writer :- Samsung, Iomega, Sony, Lg
Cpu/Processor :- Intel, Amd
Floppy Disk Drive :- Samsung, Sony
Hard Disk Drive :- Seagate, Samsung
Keyboard & Input Devices :- Samsung, Logitech, Microsoft, Intex,
I-Ball
Ram :- Life Time
Tv Tuner Card :- Pinnacle, Intex
Monitor :- Samsung, Lg, Philips
Modem & Communication Devices :- Intex, D-Link
Sound Card/Usb Card :- Creative, Intex
Mouse/Pointing Devices :- Samsung, Logitech, Intex, I-Ball, Microsoft
Headphone & Microphone :- Intex, I-Ball
Networking :- Ciso, Amp, 3 Com, D-Link
Speaker :- Creative, Intex, I-Ball, Perx, Microtek
Mother Board :- Intel, Mercury, D-Link, As Us
Ups :- Apc, Microtek, Ami, Intex, I-Ball, Elnova
Zip Drive & External Hdd :- Iomega
DEALING WITH
Intel,
Samsung, Hp, Seagate, Logitech, Creative, Umax, Intex, I-Ball,
Mercury, Apc, Microsoft and lot of
other products.
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
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.25 |
|
UK
Pound |
1 |
Rs.87.30 |
|
Euro |
1 |
Rs.57.36 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
|