MIRA
INFORM REPORT
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Report Date : |
31.03.2007 |
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) : |
31.03.2006 |
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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
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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 : |
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Website : |
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Location : |
Commercial |
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Branches : |
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SOLE
PROPRIETOR/PARTNERS/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
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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 : |
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MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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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 : |
v LAN & WAN Connectivity v CTC v Satelcom v Teledata v Telindus v Wireless Communication v Avanty v K-Best Radio v xDsl Access Devices v Xavi v Video Sureillance o
Fuho o
Teleeye o
Vcon
Products v Video Streaming o
Otibase v Video Conference o
Vcons o
Leadtek v Voice Over IP o
Audio Codes o
Welltech o
Ziptel v
Network
Testing |
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Imports : |
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Countries : |
Taiwan, Hong Kong and Israel |
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GENERAL
INFORMATION
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Suppliers : |
v
ASP’s/Portals v
Banks and Financial Institutions v
Corporate /multinational Organizations v
Defence Paramilitary Organizations v
Department of Telecommunications v
E-commerce & ISP companies v
Government Organizations and Departments v
Insurance Companies v
Media Organizations v Software
Companies |
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Authorised Distributor /
Business Partner : |
v Teledata Networks, Europe (Wireline Access
Products) v CTC Union Technologies (Data/Telecommunication
Products) v Xavi Technologies Company, Taiwan (Modem
Cum Routers) v Fuho Technologies v TeleEye, Hong Kong v Optibase Limited, Israel (Voice Over IP
Solutions) v EMBLAZE VCON v ZIPTEL OEM Partner v Audio Codes Limited v Leadtek Research Inc v Vados Systems v Telindus Group, NV v K-Best Technology Inc., v Welltech Computer Company Limited, Taiwan v Wealltech Inc., Hong Kong v Streambox v Leadtek Research Inc., Taiwan |
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No. of Employees : |
25 |
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Bankers : |
v State bank of India v Standard Chartered Bank v ICICI Bank Limited v HDFC Bank Limited Financial Institution : v 20th Century Financial Corporation Limited v Kotak Mahindra Limited, Bangalore and Delhi v 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 : |
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Name : |
Deepak Kumar Chartered
Accountants |
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Address : |
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 :
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No. of Shares |
Type |
Value |
Amount |
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1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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995,000 |
Equity Shares |
Rs.10/- each |
Rs. 9.950 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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9.950 |
9.950 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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35.115 |
34.053 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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45.065 |
44.003 |
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LOAN FUNDS |
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1] Secured Loans |
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34.288 |
29.814 |
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2] Unsecured Loans |
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10.973 |
11.914 |
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TOTAL BORROWING |
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45.261 |
41.728 |
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DEFERRED TAX LIABILITIES |
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1.220 |
1.316 |
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TOTAL |
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91.546 |
87.047 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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14.020 |
17.481 |
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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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0.074 |
0.074 |
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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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67.935 |
44.227 |
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Sundry Debtors |
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25.575 |
40.239 |
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Cash & Bank Balances |
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4.820 |
1.996 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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10.048 |
10.382 |
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Total
Current Assets |
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108.378 |
96.844 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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29.300 |
26.700 |
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Provisions |
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1.626 |
0.652 |
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Total
Current Liabilities |
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30.926 |
27.352 |
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Net Current Assets |
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77.452 |
69.492 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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91.546 |
87.047 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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179.472 |
179.347 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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179.472 |
179.347 |
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Profit/(Loss) After Tax |
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2.592 |
1.591 |
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Expenditures : |
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Interest |
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3.395 |
3.034 |
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Depreciation & Amortization |
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2.227 |
2.799 |
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Other Expenditure |
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171.258 |
171.923 |
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Total Expenditure |
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176.880 |
177.756 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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1.44 |
0.88 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.68 |
0.62 |
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Current Ratio (Current Asset/Current Liability) |
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3.50 |
3.54 |
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.43.59 |
|
UK Pound |
1 |
Rs.85.53 |
|
Euro |
1 |
Rs.58.14 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
|
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--BANK CHARGES |
YES/NO |
YES |
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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 |
|
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 |
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