MIRA
INFORM REPORT
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Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
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Name : |
RIA COMPUTERS
PRIVATE LIMITED |
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Formerly Known As : |
RIA COMPUTERS |
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Registered Office : |
M/10-12, Shiv Smruti Complex, 1st Floor, Near
Turning Point, Ghod-dod Road, Surat - 395007, Gujarat |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
10.03.2004 |
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Com. Reg. No.: |
04-43759 |
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Capital Investment / Paid-up Capital : |
Rs. 0.906 Million |
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CIN No.: [Company
Identification No.] |
U72200GJ2004PTC043759 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
SRTR02166D |
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PAN No.: [Permanent
Account No.] |
AACCR7643B |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Trader of Computer Peripherals. |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
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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 18000 |
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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. 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 normal 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 : |
Mr. Amit Mangal |
|
Designation : |
Accounts Department |
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Contact No.: |
91-9377289153 |
|
Date : |
29.06.2011 |
LOCATIONS
|
Registered Office : |
M/10-12, Shiv Smruti Complex, 1st Floor, Near
Turning Point, Ghod-dod Road, Surat - 395007, Gujarat |
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Tel. No.: |
91-261-2236791/ 2335972/ 2235882 |
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Fax No.: |
91-261-2335972/ 2242014 |
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E-Mail : |
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Location : |
Owned |
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Branches : |
2nd Floor, above Jain Media, Near Bandari Ward, |
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Location : |
Rented |
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Branches : |
2nd P M Chambers,
Near Sayaji Library, Navsari, |
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Location : |
Rented |
DIRECTORS
As On 30.09.2010
|
Name : |
Mr. Kamal
Ramchandra Agrawal |
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Designation : |
Director |
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Address : |
602, Sangeet
Sarita Apartment, |
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Date of Birth/Age : |
18.01.1970 |
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Qualification : |
B.Ed |
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Date of Appointment : |
10.03.2004 |
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DIN No.: |
01024227 |
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Name : |
Mrs. Sima Kamal
Agrawal |
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Designation : |
Director |
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Address : |
602, Sangeet
Sarita Apartment, |
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Date of Birth/Age : |
09.11.1975 |
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Qualification : |
B.Sc |
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Date of Appointment : |
10.03.2004 |
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DIN No.: |
01024253 |
KEY EXECUTIVES
|
Name : |
Mr. Amit |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
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|
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Kamal Agarwal |
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5000 |
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Sima Agarwal |
|
5000 |
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Kamal Agarwal (HUF) |
|
40 |
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Ramchandra Prasad Agarwal |
|
40 |
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Gayatri Devi Agarwal |
|
40 |
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Ramchandra Prasad Agarwal (HUF) |
|
40 |
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Sushil Prasad Agarwal |
|
40 |
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Sunita Devi . Agarwal |
|
40 |
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Sushil Prasad Agarwal (HUF) |
|
40 |
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Rajkumar Agarwal |
|
40 |
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Poonam Agarwal |
|
40 |
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Rajkumar Agarwal (HUF) |
|
40 |
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Sunit Singhania |
|
40040 |
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Rajnish Jajodia |
|
40040 |
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Neelam Poddar |
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40 |
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Alpana Poddar |
|
40 |
|
Ravikant Goyal |
|
40 |
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Total |
|
90600 |
As On 30.09.2010
|
Equity Share Breakup |
|
Percentage of
Holding |
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Category |
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Director or relatives of directors |
|
11.52 |
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Other top fifty shareholders |
|
88.48 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Computer Peripherals. |
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Agencies Held : |
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Terms : |
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Selling : |
Credit (21 Days) |
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Purchasing : |
Cash and Credit (15 to 20 Days) |
GENERAL INFORMATION
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Customers : |
Dealer |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Agrawal And
Singhania Chartered
Accountants |
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Address : |
B – 1234,
Kohinoor Market, |
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Tel. No.: |
91-261-2336379 |
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PAN NO. : |
AAJFA7558C |
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Associates/Subsidiaries : |
Digital World Address – Line of Business – Trader of Computer Peripherals. |
CAPITAL STRUCTURE
As On 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
200000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
90600 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.906
Million |
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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 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
0.906 |
0.906 |
0.906 |
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2] Share Application Money |
0.011 |
0.011 |
0.006 |
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3] Reserves & Surplus |
3.553 |
3.005 |
2.624 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4.470 |
3.922 |
3.536 |
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|
LOAN FUNDS |
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1] Secured Loans |
1.326 |
1.604 |
6.213 |
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2] Unsecured Loans |
9.995 |
7.632 |
5.130 |
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TOTAL BORROWING |
11.321 |
9.236 |
11.343 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.022 |
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TOTAL |
15.791 |
13.158 |
14.901 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.419 |
1.357 |
1.549 |
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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 |
0.028 |
0.002 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
14.226
|
7.124
|
8.941
|
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Sundry Debtors |
30.226
|
21.432
|
28.365
|
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|
Cash & Bank Balances |
0.938
|
1.508
|
1.162
|
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Other Current Assets |
0.000
|
0.000
|
0.000
|
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Loans & Advances |
1.595
|
1.086
|
0.445
|
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Total
Current Assets |
46.985
|
31.150
|
38.913 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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Sundry Creditors |
32.369
|
19.119
|
25.336
|
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Current Liabilities |
0.000
|
0.000
|
0.028
|
|
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Provisions |
0.272
|
0.244
|
0.221
|
|
Total
Current Liabilities |
32.641
|
19.363
|
25.585 |
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Net Current Assets |
14.344
|
11.787
|
13.328 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.012 |
0.024 |
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TOTAL |
15.791 |
13.158 |
14.901 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
268.314 |
243.257 |
273.851 |
|
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Other Income |
0.064 |
0.015 |
0.024 |
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TOTAL (A) |
268.378 |
243.272 |
273.875 |
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Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ Decrease in Stock |
(7.101) |
1.816 |
|
|
|
|
Purchase (Net) |
266.019 |
230.984 |
|
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Trading Expenses |
0.316 |
1.113 |
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Administrative and Selling Expenses |
6.793 |
7.153 |
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Preliminary Expenses written off |
0.011 |
0.011 |
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TOTAL (B) |
266.038 |
241.077 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.340 |
2.195 |
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Less |
FINANCIAL
EXPENSES (D) |
1.123 |
1.146 |
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.217 |
1.049 |
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|
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.423 |
0.448 |
NA |
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PROFIT BEFORE
TAX (E-F) (G) |
0.794 |
0.601 |
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Less |
TAX (I) |
0.272 |
0.244 |
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|
PROFIT AFTER TAX
(G-I) (J) |
0.522 |
0.357 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.796 |
1.415 |
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|
Add |
DEFERRED
TAX ASSETS/ (LIABILITIES) |
0.026 |
0.024 |
|
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|
BALANCE CARRIED
TO THE B/S |
2.344 |
1.796 |
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|
Earnings Per
Share (Rs.) |
6.05 |
3.94 |
-- |
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|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
330.000 |
Expected Sales (2011-12) : Rs. 500.000 Millions
The above information has been parted by Mr. Amit Mangal
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.19
|
0.15 |
-- |
|
|
|
|
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|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.29
|
0.25 |
-- |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.64
|
1.85 |
-- |
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.15 |
-- |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
9.83
|
7.29 |
10.44 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.44
|
1.61 |
1.52 |
LOCAL AGENCY FURTHER INFORMATION
Subject was
originally incorporated in the year 1998 as a Sole Proprietory Concern under
the name and style ‘Ria Computers’. It
was takenover by ‘Ria Computers Private Limited as on 10th March, 2004
having Company Registration Number 43759.
Sundry Creditors
Details:
(Rs. In Millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
Sundry Creditors for Goods |
32.059 |
18.603 |
24.878 |
|
Sundry Creditors for Expenses |
0.310 |
0.516 |
0.458 |
|
Total |
32.369 |
19.119 |
25.336 |
Form 8:
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90107161 |
|
Corporate
identity number of the company |
U72200GJ2004PTC043759 |
|
Name of the
company |
RIA COMPUTERS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
M/10-12
Shivasmruticomplex, Nr Turning Poind, |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Bank of |
|
Nature of
description of the instrument creating or modifying the charge |
Charge and
Hypothecation Of Book Debts. Hypothecation Of Tangible Movable Property. |
|
Date of
instrument Creating the charge |
14.02.2007 |
|
Amount secured by
the charge |
Rs. 4.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
- Rate of Interest
0.25 % Below BPLR With Monthly Rest Minimum 12.50% Terms of
Repayment - Cash Credit/
Demand Loan On Demand Interest Debited
To Account To Be Repaid Separatly As And When Applied Margin - Margin 50% On
Book Debts Extent and
Operation of the charge - Individual Limits
Within The Aggregate Amount Secured As Decided Between The Bank And The
Company From Time To Time. |
|
Short particulars
of the property charged |
Charge And
Hypothecation of Book Debts. Hypothecation Of Tangible Movable Property. |
|
Particulars of
the present modification |
Cash Credit On Books
Debts And Tangible Movable Property Of The Company Granted Amounting To Rs.
2.000 Millions Making The Aggregate Cash Credit On Books Debts And Tangible
Movable Property Of The Company Rs. 4.000 Millions. |
Fixed Assets
- Air Conditioners
- Computers
- Delivery Van (Maruti)
- Furniture and Fixtures
- Motor-Car (Santro)
- Office Equipments
- Scooter and Motor Cycles
- Telephone and
Trade References
- Savex Computers Limited
- Radinton
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.44.94 |
|
|
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.64.60 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.