MIRA
INFORM REPORT
|
Report Date : |
04.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
RSG INFOTECH PRIVATE LIMITED |
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Registered
Office : |
1st Floor, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
13.08.1997 |
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Com. Reg. No.: |
11-215331 |
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Capital Investment
/ Paid-up Capital : |
Rs.3.518
millions |
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CIN No.: [Company Identification
No.] |
U72900MH1997PTC215331 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Importer and Supplier of Computer Peripherals and Software. |
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No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 147000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. There
appears some losses being incurred by the company in current year i.e.
2009-10. However, networth appears to be satisfactory. Trade relations are
reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered for 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.
INFORMATION PARTED BY
|
Name : |
Ms. Sonali |
|
Designation : |
Accounts Department |
|
Date : |
03.06.2011 |
LOCATIONS
|
Registered Office : |
1st Floor, |
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Tel. No.: |
91-22-26794243/ 4 / 5 |
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Fax No.: |
91-22-26780841 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch Office : |
14/10, Kalkaji, Near |
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Print and Graphics/ Video and Broadcast/
Retail Education and SME/ Retail Software Services/ RSG Apple Support : |
107-108, 4th Dimension, Nal
Stop, Near Mehendale Garage, Erandawana, Pune - 411 004, Tel : 91-20 -30205444/ 47 Email Id : info@rsg.co.in 301, MYM Apartment, Tel : 91-40-23400883 / 84 Fax: 91-40–23400984 Email Id : info@rsg.co.in |
DIRECTORS
As on 29.09.2010
|
Name : |
Mr. Rupesh Satya Narain Pandey |
|
Designation : |
Director |
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Address : |
F-301, Marigold Vallet of Flowers, |
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Date of Birth/Age : |
13.12.1970 |
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Date of Appointment : |
13.08.1997 |
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DIN No.: |
02420752 |
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Name : |
Mr. Anil Gopalkrishnan Achary |
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Designation : |
Director |
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Address : |
A 403, Orchid Vallet of Flowers, |
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Date of Birth/Age : |
13.11.1970 |
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Date of Appointment : |
25.05.2010 |
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DIN No.: |
03083101 |
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Name : |
Mr. Sanjeeb Harekrishna Mekap |
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Designation : |
Director |
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Address : |
178, Prayag Apartment, BI Vasundhara Enclave, |
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Date of Birth/Age : |
20.05.1971 |
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Date of Appointment : |
13.08.1997 |
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Date of Ceasing : |
14.01.2011 |
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DIN No.: |
00580451 |
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Name : |
Mr. Gulshan Ganish Pahwa |
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Designation : |
Director |
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Address : |
2M-43, NIT, |
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Date of Birth/Age : |
22.06.1968 |
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Date of Appointment : |
13.08.1997 |
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Date of Ceasing : |
14.01.2011 |
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DIN No.: |
00580407 |
KEY EXECUTIVES
|
Name : |
Ms. Sonali |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Rupesh Pandey |
|
158020 |
|
Shalini Pandey |
|
10000 |
|
Satya Narain Pandey |
|
8000 |
|
Anil Achary |
|
163730 |
|
Jyoti Achary |
|
12000 |
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Total
|
|
351750 |
As on 29.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer and Supplier of Computer Peripherals and Software. |
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Imports : |
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Products : |
Computer Peripherals |
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Countries : |
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Terms : |
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Purchasing : |
Depend |
GENERAL INFORMATION
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Customers : |
Wholesalers, End Users, Corporate and MNC |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
v
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan,
227, D, Nariman Point, Mumbai – 400 021, Maharashtra, India v
Union
Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Gupta Mahesh and Company Chartered Accountants |
|
Address : |
45, Lower Ground Floor, Pocker A-8, Kalkaji Extension, New Delhi – 110
019, India |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
351750 |
Equity Shares |
Rs.10/- each |
Rs.3.518
millions |
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|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
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|
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|
1] Share Capital |
3.518 |
3.518 |
1.927 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
33.313 |
35.762 |
15.120 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
36.831 |
39.280 |
17.047 |
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LOAN FUNDS |
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|
1] Secured Loans |
6.055 |
28.396 |
32.569 |
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2] Unsecured Loans |
10.876 |
0.516 |
6.562 |
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TOTAL BORROWING |
16.931 |
28.912 |
39.131 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.891 |
0.377 |
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TOTAL |
53.762 |
69.083 |
56.555 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
6.006 |
41.275 |
41.079 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
1.338 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
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Inventories |
44.591
|
7.484 |
4.312 |
|
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Sundry Debtors |
35.761
|
33.651 |
35.137 |
|
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Cash & Bank Balances |
9.420
|
6.498 |
9.376 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
|
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Loans & Advances |
3.639
|
7.188 |
10.116 |
|
Total
Current Assets |
93.411
|
54.821 |
58.941 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
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Sundry Creditors |
39.744 |
20.097 |
37.481 |
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Other Current Liabilities |
6.014
|
3.523 |
2.219 |
|
|
Provisions |
1.235
|
3.393 |
3.765 |
|
Total
Current Liabilities |
46.993
|
27.013 |
43.465 |
|
|
Net Current Assets |
46.418
|
27.808 |
15.476 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
53.762 |
69.083 |
56.555 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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Income |
362.559 |
307.619 |
NA |
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Other Income |
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TOTAL |
362.559 |
307.619 |
NA |
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Less |
EXPENSES |
|
|
|
|
|
|
|
|
362.984 |
295.061 |
NA |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
362.984 |
295.061 |
NA |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(0.425) |
12.558 |
9.895 |
|
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Less/ Add |
DEPRECIATION/
AMORTISATION |
3.055 |
2.866 |
1.103 |
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PROFIT BEFORE
TAX |
(3.480) |
9.692 |
8.792 |
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Less |
TAX |
(1.031) |
3.360 |
2.810 |
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PROFIT AFTER TAX
|
(2.449) |
6.332 |
5.982 |
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|
Earnings Per
Share (Rs.) |
(6.96) |
NA |
NA |
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Particulars |
|
|
31.03.2011 (Approximately) |
|
Sales Turnover |
|
|
400.000 |
|
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|
The above information has been parted by Ms. Sonali (Accounts
Department).
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(0.68)
|
2.06 |
NA |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.50)
|
0.10 |
8.79 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
(0.09)
|
0.25 |
0.52 |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
1.74
|
1.42 |
4.85 |
|
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|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
2.03 |
1.36 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
|
Sundry Creditors
for Goods |
39.744 |
20.097 |
37.481 |
|
|
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|
Note:
The registered office of the company has been shifted from Plot No.2, Local Shopping Complex, I-IInd Floor, Behind Kalkaji Post Office, Kalkaji, New Delhi – 110 019 to the present address w.e.f. 01.02.2011.
FORM 8:
|
Corporate
identity number of the company |
U72900MH1997PTC215331 |
|
Name of the
company |
RSG INFOTECH PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Plot No.2, Local Shopping Complex, I-IInd Floor, Behind Kalkaji Post Office, Kalkaji, New Delhi – 110 019, India E-Mail: mahesh_g2006@rediffmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Others (Credit
Cards Receivables) |
|
Particular of
charge holder |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point,
Mumbai – 400 021, Maharashtra, India E-Mail: john.fernandes@kotak.com |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation. |
|
Date of instrument
Creating the charge |
11.01.2010 |
|
Amount secured by
the charge |
Rs.13.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest would be
charged at the rate of 15.00% Fixed. Terms of
Repayment: Tenure of 12
months. Extent and
Operation of the charge: First and
exclusive charge on the whole of the Borrower's present and future credit
card receivables belonging to or held by the Borrower and which are now due
and owing or accruing and which may at any time hereafter during the
continuance of the security may become due and owing to the Borrower. |
|
Short particulars
of the property charged |
First and
exclusive charge on the whole of the Borrower's present and future credit
card receivables, more particularly described in Schedule in Deed of
Hypothecation. |
FIXED ASSETS:
v
Land and Building
v
Fridge
v
Furniture and Fixture
v
Office Equipments
v
Vehicles
v
Computer
v
Pager
v
Air Conditioner
v
Inverter
v
Fan
v
EPABX Machine
v
Property (Kalkaji-II)
v
Printer
v
Safe
v
UPS
v
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 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.44.85 |
|
|
1 |
Rs.73.29 |
|
Euro |
1 |
Rs.64.89 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
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.