MIRA
INFORM REPORT
|
Report Date : |
28.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
RV INSTRUMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-1/3, Paper Mill Colony, Nishatganj, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2009 |
|
|
|
|
Date of
Incorporation : |
21.01.2000 |
|
|
|
|
Com. Reg. No.: |
20-025076 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209up2000ptc025076 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporters of Micropipettes. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5150 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its fields. Its scale of activities are
limited. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Pooja |
|
Designation : |
|
|
Date : |
25.04.2011 |
LOCATIONS
|
Registered Office : |
C-1/3, Paper Mill Colony, Nishatganj, |
|
Tel. No.: |
91-11-45733921 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 26.09.2009
|
Name : |
Mr. Vivek Singh Rathore |
|
Designation : |
Director |
|
Address : |
C – 13, Paper Mill Colony Nishatganj, |
|
Date of Birth/Age : |
12.09.1967 |
|
Qualification : |
MBA |
|
Date of Appointment : |
21.01.2000 |
|
|
|
|
Name : |
Mr. Alka Singh Rathore |
|
Designation : |
Director |
|
Address : |
C – 13, Paper Mill Colony Nishatganj, |
|
Date of Birth/Age : |
28.03.1972 |
|
Date of Appointment : |
21.05.2001 |
KEY EXECUTIVES
|
Name : |
Mr. Pooja |
|
Designation : |
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2009
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mr. Vivek Singh Rathore |
|
29000 |
|
Mr. Alka Singh Rathore |
|
11000 |
|
|
|
|
|
Total |
|
40000 |
AS ON 26.09.2009
|
Category |
Percentage |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporters of Micropipettes. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
|
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
45 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Nirmal Srivastava Chartered Accountant |
|
Address : |
B-4, First Floor, Kulbhaskar Complex, 78, Gautam Buddha Marg, |
|
Tel. No.: |
91-522-4060426 |
|
Mobile No.: |
91-9415063474/9839227850 |
|
E-Mail : |
|
|
|
|
|
Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
AS ON 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000 |
Equity Shares |
Rs.10/- each |
Rs. 0.400
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2010 |
|
Sales Turnover (Approximately) |
|
|
20.000 |
|
|
|
|
|
Expected Sales (2010-2011) : Rs. 25.000 Millions
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.400 |
0.400 |
0.400 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.856 |
0.550 |
0.223 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.256 |
0.950 |
0.623 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.032 |
0.032 |
0.032 |
|
|
TOTAL BORROWING |
0.032 |
0.032 |
0.032 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.288 |
0.982 |
0.655 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.304 |
4.526 |
2.631 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Stock |
0.583
|
0.302 |
0.241 |
|
|
Sundry Debtors |
2.442
|
0.868 |
0.686 |
|
|
Cash & Bank Balances |
0.310
|
0.257 |
0.420 |
|
|
Advance Tax |
0.080
|
0.095 |
0.050 |
|
|
Security Deposit |
0.315
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.517
|
0.464 |
0.210 |
|
Total
Current Assets |
4.247
|
1.986 |
1.607 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.793
|
4.989 |
3.110 |
|
|
Other Current Liabilities |
0.363
|
0.391 |
0.364 |
|
|
Provisions |
0.108
|
0.155 |
0.114 |
|
Total
Current Liabilities |
8.264
|
5.535 |
3.588 |
|
|
Net Current Assets |
(4.017)
|
(3.549) |
(1.981) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.001 |
0.003 |
0.005 |
|
|
|
|
|
|
|
|
TOTAL |
1.288 |
0.098 |
0.655 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Other Income |
11.894 |
11.943 |
9.170 |
|
|
|
TOTAL |
11.894 |
11.943 |
9.170 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) |
0.463 |
0.481 |
0.265 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.158 |
0.154 |
0.113 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) |
0.305 |
0.327 |
0.151 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
2.56
|
2.73 |
1.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.89
|
4.02 |
0.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.90
|
24.21 |
16.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.50 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.57
|
5.82 |
5.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.51
|
0.35 |
0.44 |
LOCAL AGENCY FURTHER INFORMATION
Operational
Review:
During the period under review the company achieved turnover of Rs
11.894.
Fixed Assets:
- Machineries
- Tools
- Dies and Moulds
- Computer
- Fan
- Cycle
- Land
|
Corporate
identity number of the company |
U25209UP2000PTC025076 |
|
Name of the
company |
RV INSTRUMENTS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-1 3 Paper Mill
Colonynishatganj Uttar Pradesh Uttar Pradesh |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
UCO Bank Behsa,Hind Nagar, Near Old Octroi, |
|
Nature of
instrument creating charge |
LETTER OF
AGREEMENT(A-109) PROMISSIORY
NOTE(A-2) LETTER OF WAIVER(A-47) LETTER OF
CONTINUITY(A-3) LETTER OF
HYPOTHECATION OF STOCK & BOOK DEBTS(A-9) LETTER OF
HYPOTHECATION OF MACHINERY(A-9A) LETTER OF DEPOSIT
OF TITLE DEED(ANNEXURE VI) |
|
Date of
instrument Creating the charge |
26.04.2010 |
|
Amount secured by
the charge |
5.500 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate Of Interest: Intt. At 1% Below Bplr(Presently
12.25%).Minimum Rate Being 11.25% P.A.Rate Of Intt Subject To Change With The
Change In Bplr. Terms Of Repayment: Cash Credit Limit Of Rs. 0.500 Millions
Shall Be Repayable On Demand. Term Loan Of Rs
Is 5.000 Millions Shall Be Repayable In 59 Equal Installments Of Rs. 0.084
Millions Each W.E.F May 2010 And The Last I.E 60th Installment Will Be The
Remaining Due.Intt Shall Be Served Separately In The Account As And When
Charged. Margin: 25% |
|
Short particulars
of the property charged |
Cash Credit Limit
Of Rs. 0.500 Millions Shall Be Repayable On Demand. Term Loan Of Rs
Is 5.000 Millions Shall Be Repayable In 59 Equal Installments Of Rs. 0.084
Millions Each W.E.F May 2010 And The Last I.E 60th Installment Will Be The
Remaining Due.Intt Shall Be Served Separately In The Account As And When
Charged. |
|
Particulars of the
property charged |
Equitable
Mortgage Of Lease Deed Of Plot No.:N 46scooter |
|
Description of
the instrument creating or evidencing the charge |
Equitable
Mortgage Of Lease Deed Of Plot No.:N 46scooter |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.40 |
|
|
1 |
Rs.73.26 |
|
Euro |
1 |
Rs.65.17 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
32 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.