MIRA
INFORM REPORT
|
Report Date : |
15.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
RATIONAL BUSINESS CORPORATION PRIVATE LIMITED |
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Registered Office : |
De’ Smat Technologies Center, N- 10, Satyawati Nagar, Ashok Vihar, Phase – III, New Delhi – 110052 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
10.01.2006 |
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Com. Reg. No.: |
55-144603 |
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CIN No.: [Company
Identification No.] |
U21017DL2006PTC144603 |
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TAN No.: [Tax Deduction
& Collection Account No.] |
DELR12309D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing of Computer & Office Stationery and Computer continuous Stationery. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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 570000 |
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Status : |
Good |
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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 company having fine track. Directors are experienced, respectable and resourceful businessmen. Trade relations are fair. Payments are usually correct and as per commitments. The company can be considered good for any normal business dealings. It can be regarded as a promising business partner in medium to long – run. |
INFORMATION PARTED
BY
|
Name : |
Mr. Samar Gupta |
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Designation : |
Accountant and Finance |
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Date : |
10.07.2008 |
LOCATIONS
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Registered/Factory Office : |
De’ Smat Technologies Center, N- 10, Satyawati Nagar, Ashok Vihar, Phase – III, New Delhi – 110052 |
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Tel. No.: |
91-11-27463400/27463500 |
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Fax No.: |
91-11-27453900 |
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E-Mail : |
ashish@desmat.com, century@giasdl01.vsnl.net.in, ashok@desmat.com |
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Website : |
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Area : |
1350 Sq. ft |
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Location : |
Owned |
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Corporate Office : |
N-10, Satyawati Nagar, Ashok Vihar, Phase 3, New Delhi, India |
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E-Mail : |
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Factory: |
Sonipath Balgadh Chowk, Haryana |
DIRECTORS
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Name : |
Mr. Radhey Shyam Gupta |
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Designation : |
Director |
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Other Position |
All India Traders Association – President |
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Name : |
Mr. Ashish Radhey Shyam Gupta |
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Designation : |
Director (Marketing) |
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Address: |
B – 26, 1st Floor, Satyawati Colony, Ashok Vihar – III, New Delhi – 110052 |
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Date of Birth/Age : |
20.02.1975 |
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Qualification : |
Master of Commerce from Delhi University |
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Experience : |
1996 |
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Other Position |
Unity International – Member |
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Date of Appointment : |
10.01.2006 |
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E. Mail.: |
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Name : |
Mr. Ashok Radhey Shyam Gupta |
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Designation : |
Director |
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Date of Birth/Age : |
1968 |
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Qualification : |
Bachelor of Sciences from Delhi University |
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Experience : |
1988 |
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Other Position |
Federation of Industries of India – Member |
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Name : |
Mr. Rakesh Kumar |
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Designation : |
Assistant Manger |
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Name : |
Mr. Vivek Kumar |
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Designation : |
Purchasing Manger |
KEY EXECUTIVES
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Name : |
Mr. Somit Sil |
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Designation : |
Deputy Manger (Human Resources) |
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Name : |
Mr. Samar Gupta |
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Designation : |
Deputy Manger (Finance) |
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Name : |
Mr. Dawan Kukreja |
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Designation : |
Deputy Manger (Information Technology) |
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Name : |
Mr. Ajay Singh |
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Designation : |
Deputy Manger (Marketing) |
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Name : |
Mr. Arvind Kumar |
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Designation : |
Manager (Factory) |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 10.01.2006
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Names of Shareholders |
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No. of Shares |
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Mr. Ashok Gupta |
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2500 |
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Mr. Ashish Gupta |
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2500 |
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Mr. Radhy Shyam |
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5000 |
AS ON 31.03.2006
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Computer & Office Stationery and Computer continuous Stationery. |
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Products : |
Ø Computer Stationery Ø Fax Rolls Ø Copier Paper Ø Writing Pads Ø Ohp Sheets Ø Astrolon Rolls Ø Computer Stationery Rolls Ø Adding Machine Rolls Ø Hot Lamination Products Ø A4 Labels Ø DMP Lables Ø DMP ribbon cartridge & UPS |
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Brand Names : |
DE’ SMAT |
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Export: |
Saarc Countries |
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Imports : |
Japan, China, South Korea, Italy, Taiwan, United Kingdom, Germany and Switzerland |
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Terms : |
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Selling : |
L/C, Cash and Credit (30, 45 to 60 days) |
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Purchasing : |
L/C, Cash and Credit |
GENERAL
INFORMATION
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Suppliers : |
Ø Tamil Nadu News Print & Paper Limited, India, 40% of Purchases Ø Bunyusha Company Limited, 20% of Purchases Ø Multi Union Trading Company Limited, China, 5% of Purchases Ø Zhejiang Hailide New Material Limited, Taiwan, 20% of Purchases Ø Guanzhan E- Box Digital Company Limited, China, 5% of Purchases |
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Customers : |
Ø Government Supplies, 16% of Sales Ø Reliance Industries Limited, 3% of Sales Ø Vikel Business Corporation, 3% of Sales Ø Bansal Sales Corporation, 2.75% of Sales Ø Creative Images , 2% of Sales Wholesalers, Distributors and Agents |
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No. of Employees : |
Office - 450 |
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Bankers : |
Ø HDFC Bank Limited, Kg Marg, Delhi – 110001 Ø Oriental Bank of Commerce, Chawri Bazar, Delhi – 110006 Ø State Bank of India, Hauz Qazi, Delhi – 110006 Ø ABN Amro Bank Ø Punjab National Bank, Wazirpur Branch, Ashok Vihar, New Delhi – 110052 |
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Facilities : |
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Banking Relations
: |
Satisfactory |
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Auditors : |
Pankaj Jindal and Company Chartered Accountant |
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Address : |
11/10 Shakti Nagar, New Delhi – 110007 |
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Auditors : |
Jalani and Company Chartered Accountant |
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Associates/Subsidiaries : |
Ø All India Photographic Trade & Industry Association Ø All India Stationery Trade Associations Ø All India Thermal Paper Associations. Ø Desmate Technologies – Partnership |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,00,000 |
Equity Shares |
Rs. 10/- Each |
Rs. 10.000 Millions |
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700000 |
Preferences Shares |
Rs. 100/- Each |
Rs. 70.000 Millions |
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Total |
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Rs. 80.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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110000 |
Equity Shares |
Rs. 10/- Each |
Rs. 1.100 Millions |
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522500 |
Preferences Shares |
Rs. 100/- Each |
Rs. 52.250 Millions |
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Total |
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Rs. 53.350 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 |
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SHAREHOLDERS
FUNDS |
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1] Share Capital |
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53.350 |
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2] Share
Application Money |
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0.000 |
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3] Reserves &
Surplus |
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61.459 |
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4] (Accumulated
Losses) |
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0.000 |
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NETWORTH
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114.809 |
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LOAN FUNDS |
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1] Secured Loans |
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18.272 |
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2] Unsecured
Loans |
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21.797 |
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TOTAL BORROWING
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40.069 |
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DEFERRED TAX
LIABILITIES |
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0.022 |
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TOTAL
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154.900 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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43.083 |
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Capital work-in-progress
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0.000 |
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INVESTMENT
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0.000 |
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DEFERREX TAX ASSETS
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0.000 |
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CURRENT ASSETS, LOANS &
ADVANCES
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Inventories
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111.924 |
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Sundry Debtors
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81.291 |
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Cash & Bank Balances
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13.057 |
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Other Current Assets
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0.000 |
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Loans & Advances
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6.421 |
Total Current Assets
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212.693 |
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Less :
CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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99.057 |
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Provision
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2.319 |
Total Current Liabilities
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101.376 |
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Net Current Assets
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111.317 |
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MISCELLANEOUS EXPENSES
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0.500 |
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TOTAL
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154.900 |
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Expected Sales (2008-09) Approx: Rs. 1060.000 Millions
KEY RATIOS
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PARTICULARS |
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|
31.03.2006 |
Debt Equity Ratio
(Total
Liability/Networth) |
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1.23 |
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Current Ratio
(Current
Asset/Current Liability) |
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2.09 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
- M K and Sons, New Delhi
- High Life Company, New Delhi
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This form is for |
Modification of
charge |
|
Charge
identification number of the modified
|
10006540 |
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Corporate
identity number of the company |
U21017DL2006PTC144603 |
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Name of the company
|
RATIONAL BUSINESS CORPORATION PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
De’ Smat Technologies Center, N- 10, Satyawati Nagar, Ashok Vihar, Phase – III, New Delhi – 110052 |
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Type of charge |
Book Debts Immovable
Property Other |
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Particular of
charge holder |
Punjab National Bank, Wazirpur Branch, Ashok Vihar, New
Delhi – 110052 |
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Nature of
description of the instrument creating or modifying the charge |
Hypothecation of
stock and book debts to secure cash credit facility |
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Date of
instrument Creating the charge |
16.01.2007 |
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Amount secured by
the charge |
Rs. 100.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of
Interest - BPLR + 0.50% minimum
12.25% Terms of
Repayment - On demand Margin – 25% for
stock and 40% for book debts Extent and
Operation of the charge – HP of entire stock of raw materials stock in
process and finished goods lying at various depots and location.
Hypothecation of book debts arising out of genuine trade transactions and
other current assets. Hypothecation of movable assets forming part of fixed
block of assets. Hypothecation agreement of current assets Others – The
limit is secured by the personal guarantee of the director including negative
lien of first floor and second floor of property B 26 Satyawati Nagar Ashok
Vihar III Delhi in the nazme of Ashish Gupta and Ashok Gupta respectively |
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Short particulars
of the property charged |
EM of factory
land and building situated at Bahalgarh chowk. Sonepat haryana and EM of IP
situated at N – 10 Satyawati colony Ashok Vihar – III, Delhiu Negative lien
on IP of E 25 SMA industrial area delhi
|
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Date of latest
modification prior to the present modification |
03.06.2006 |
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Particulars of
the present modification |
The fund based
working capital limit has been raised from Rs. 50.000 Millions to Rs. 100.000
Millions |
Website Details :
Subject is a fast
growing dynamic organisation specialized in design, manufacture & supply of
complete range of Office Stationery & Allied Products and Computer Hardware
and Peripherals, that are strategically developed and marketed all over the
country.
Subject strives to create innovative & leading products that enable it to
gain a reputation that is enviable in the industry. Their desire to succeed,
combined with deep rooted principles, has propelled them to grow multifarious.
They are committed to satisfy their customers’ needs. They achieve this by
supplying extensive range of high performance products which boast of superior
quality, backed with a service commitment, timely delivery and competitive
pricing.
Brands like Century, de’Smat, de’Smat Technologies, Datapack, XPrint, Solprint
& X’tec are among the most preferred names of the industry.
By integrating Computer & Office Stationery Division, Reprographics &
Signage Division and Computer Hardware & Peripherals Division with
industrial label stock, they have effectively & efficiently succeeded in
providing complete solution under one roof.
The group is well channellised across India, Nepal, Sri Lanka, Bhutan & Bangladesh,
with over 60 offices, 1,000 distributors and 19,000 dealers. With innovative
products, top quality personnel, support structure and comprehensive
manufacturing capabilities, Rational Business Corporation Private Limited
ensures success for its associates and customers.
Products
v
Computer Continuous Stationery
v
Desktop Inkjet Media
v
Digital Photo
v
Mini Lab
v
ID Photo Printer and Consumable
v
Photo Kiosk
v
Labels
v
Tracing Paper Sheets and Rolls
v
OHP Sheets
v
Color Copy Paper
v
DO Paper
v
CD Wallets and Box
v
Digital Camera Bag
v
Paper Rolls for Printer
v
Plain Paper Rolls for Copying Machine
v
Fax Rolls
v
Sticky Pads
v
Neons and Page Maker
v
Sticky Rolls Notes
v
Writing Pads
v
Note Book
v
Hot Lamination Products
v
Imaging Products
v
ATM and POS Rolls
v
Copier Paper
v
Correction Fluid
v
Glue Products
v
Document Storage Products
v
Hardware and Peripherals
v
Signage Products
Dealer Network
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(Himachal Pradesh), Varanasi, Vasco, Veraval, Vidisha, Vishakhapatnam,
Yamunanagar, Yavatmal, Zirakpur
Channel Partners
UTTAR PRADESH-NOIDA
C-375,
Sector-10, Gautam Budh Ngr., Noida(Uttar Pradesh)
UTTAR PRADESH- GHAZIABAD
C/o Sandeep Pustak & Sty. Mart Maliwara, Basant Road, Ghaziabad-201 002(Uttar Pradesh)
UTTAR PRADESH - MEERUT CANTT
91, Sadar
Bazar, Meerut Cantt
(Uttar Pradesh)
UTTAR PRADESH-ALIGARH
1/594,Vishnupuri Extn. Surendra
Garh, Aligarh (Uttar Pradesh)
UTTAR PRADESH - LUCKNOW
56, Gaura
House, Gaura Market, Gwynne Road,
Lucknow-226 018
MADHYA PRADESH- BHOPAL
E-3/63, Arera Colony, Bhopal-422 016
E-Mail: ca.bhopal@desmat.com
MADHYA PRADESH-INDORE
UG 21, 22, 23
Silver Senthura, RNT Marg,
Indore-452003
MADHYA PRADESH JABALPUR
1468, Vijay
Nagar, Near Shakti hoj Hotel, Jabalpur (Madhya Pradesh)
MADHYA PRADESH - GWALIOR
9, Radha Gopal
Complex, Ram Mandir, Gwalior (Madhya Pradesh)
Email:ca.gwalior@desmat.com
CHHATTISGARH-RAIPUR
C/o Gopal Dal Mills Building,Ram,
Sagar
Pura, Raipur
E-Mail:swastikage@yahoo.com
GUJARAT- AHMEDABAD
C-9-10-11,Nirman Complex, B/h
R.C., Technical
Institute, Chankyapuri High
Court Road, Ahmedabad-380 061
Email:ca.ahmedabad@desmat.com
BIHAR-MUZAFFARPUR
MOTIJHEEL, Muzaffarpur, Bihar
GUJARAT-RAJKOT
Ravi-jay. Opp. Alankar Tower Jalaram-4, University Road, Rajkot (Gujarat)
PUNJAB-JALANDHAR
NM-4, Circular Road, Opp. Charanjeet, Pura Post Office, Jalandhar-144001
E-Mail:ca.jalandhar@desmat.com
BIHAR-PATNA
Narayani Sadan,
Kadam Kuan,
Patna-800003
MAHARASHTRA-AURANGABAD
1 Golden House,
Gandhi Statue, Sarafa Road, Aurangabad-431 001
PUNJAB-LUDHIANA
1699-B, Gali
No. 3, New Shakti Nagar, Backside Dada
Motors, Near SamralaChowk, Ludhiana-141 008
KARNATAKA-BANGALORE
Sringeri Mutt Building,
Sultanpet Circle, Bangalore-560 053
E-Mail:ca.banglore@desmat.com
ASSAM - GUWAHATI
Christan Basti,Nilmoni Phukan Road, G.S. Road, Guwahati-781 005
E-Mail:ca.guwahati@desmat.com
MAHARASHTRA-NAGPUR
Chandak Kothi,Subhash
Road, Nagpur - 440 018
TAMILNADU-CHENNAI
203, Shop No-8, Triplicane High Road, Chennai-600 079
Email:ca.chennai@desmat.com
A.P.-SECUNDERABAD
6-6, 453 Gandhi
Nagar Near Chacha, Nehru Nagar, Secundrabad
- 500080
MADHYA
PRADESH-GWALIOR
9, Radha Gopal Complex, Ram Mandir, GWALIOR
E-Mail:ca.gwalior@desmat.com
WEST
BENGAL-KOLKATA
22, BRB, Basu Road, 4th Floor,
Roo No.-34C, Kolkata-700001
E-Mail:reproduc@cal3.vsnl.net.in
HARYANA-AMBALA
CANTT
House No-27,
Block - C,
Durga Nagar, Ambala Cantt (Haryana)
HARYANA-HISSAR
Shop No. 2, 127/5, Moti Bazar, Hissar (Haryana)
HARAYANA-SONEPAT
Near
State Bank, Gur Mandi Sonipat
– Haryana
HARYANA - YAMUNA
NAGAR
B-75, Tahpar Colony , Santpur Road, Chhoti Line, Yamuna Nagar
HARYANA-FARIDABAD
1-D-13, B.P., NIT, Faridabad-121 001(Haryana)
HARYANA-ROHTAK
95/8, Shivaji Colony, Near Shiv
Mandir, Rohtak-124 001 (Haryana)
E-Mail:ca.rohtak@desmat.com
CHANDIGARH
Shop No. 560, Keshu Ram Complex, Burail, Chandigarh
PUNJAB-BATHINDA
333/32, Shakti Market , J&K Bank Stree, Back Side S.S.B.Girls School,
Bathinda
J & K- JAMMU
Opp. Ranbir Library, Kachi Chawni Parade Road, Jammu
E-Mail:ca.jammu@desmat.com
UTTRANCHAL-DEHARADUN
28,Meedo Complex, 1st Floor, Saharanpur Road Dehradun (Uttranchal)
E-Mail:amanmktserv@rediffmail.com
UTTRANCHAL-HALDWANI
B-27, Transport Nagar, Haldwani (Uttranchal)
RAJASTHAN - KOTA
17-B, New Colony, Gumanpura, KOTA
E-Mail:manoj.khandelwal@rediffmail.com
RAJASTHAN-JODHPUR
906, 3D Road, Sardarpura, Jodhpur
RAJASTHAN-JAIPUR
B-172, Nr. Ravindra Nath Taigore School, Janta colony, Jaipur
E-Mail:ca.jaipur@desmat.com
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.42.82 |
|
UK Pound |
1 |
Rs.84.89 |
|
Euro |
1 |
Rs.68.07 |
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 |
|