BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
RAJKAMAL
ELECTRONICS PRIVATE LIMITED |
Principal Name 1 |
MR. KAMLESH H. SHAH |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. RAJESH H. SHAH |
|
|
|
Registration # |
01-013880 |
|
Street Address |
1-1-188/13, |
||
|
Established Date |
20.02.1992 |
SIC Code |
-- |
|
Telephone# |
91-40-23445353 |
Business Style 1 |
TRADING |
|
Fax # |
91-40-23445356 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
ELECTRONIC GOODS |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.16,192,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS – 100% |
Banking |
HDFC BANK |
|
Public Limited Corp. |
NO |
Business Period |
18 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
--
|
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
64,024,000
|
Current Liabilities |
57,356,000
|
|
Inventories |
105,308,000
|
Long-term Liabilities |
126,084,000 |
|
Fixed Assets |
48,854,000 |
Other Liabilities |
2,682,000
|
|
Deferred Assets |
0,000 |
Total Liabilities |
186,122,000 |
|
Invest& other Assets |
179,000 |
Retained Earnings |
10,931,000 |
|
|
|
Net Worth |
32,243,000 |
|
Total Assets |
218,365,000 |
Total Liab. & Equity |
218,365,000 |
|
Total Assets (Previous Year) |
185,130,000 |
|
|
|
P/L Statement as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
604,699,000 |
Net Profit |
3,447,000 |
|
Sales(Previous yr) |
572,719,000 |
Net Profit(Prev.yr) |
3,431,000 |
MIRA
INFORM REPORT
|
Report Date : |
24.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
RAJKAMAL ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
1-1-188/13, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2009 |
|
|
|
|
Date of Incorporation : |
20.02.1992 |
|
|
|
|
Com. Reg. No.: |
01-013880 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29309AP1992PTC013880 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
HYDR01053D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading in Electronic Goods. |
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 129000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is well established company having satisfactory track. Trade relations are fair. Financial position is satisfactory. Payments are usually correct and as per commitment. The company can be considered good for normal 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. Krishnan |
|
Designation : |
Accountant |
LOCATIONS
|
Registered Office : |
1-1-188/13, Chhikkadpally, |
|
Tel. No.: |
91-40-23445353 /
54 / 33 / 44 |
|
Fax No.: |
91-40-23445356 |
|
Email: |
|
|
Area : |
Rented |
|
|
|
|
Warehouse : |
Located at: ·
|
DIRECTORS
|
Name : |
Mr. Kamlesh H. Shah |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
04.09.1957 |
|
Date of Appointment : |
20.02.1992 |
|
|
|
|
Name : |
Mr. Rajesh H. Shah |
|
Designation : |
Director |
|
Date of Birth/Age : |
20.08.1958 |
|
Date of Appointment : |
20.02.1992 |
KEY EXECUTIVES
|
Name : |
Mr. Krishnan |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2009
|
Names of Shareholders |
No. of Shares |
|
Rajesh Shah |
10663 |
|
Kamlesh Shah |
9254 |
|
Prabhavathi H.
Shah |
5620 |
|
Komal K Shah |
7714 |
|
Pooja R Shah |
3933 |
|
Nimita R Shah |
9700 |
|
Veeral K Shah |
3720 |
|
Prerna R Shah |
1198 |
|
Mithil Shah |
4198 |
|
HC Shah &
Sons HUF |
11500 |
|
CV Mehta |
800 |
|
Chintan Mehta |
1150 |
|
Gourav C Shah |
750 |
|
Mayuri C Shah |
450 |
|
Kamlesh h Shah
HUF |
11770 |
|
Rajesh H Shah HUF |
15200 |
AS ON 29.09.2009
|
Equity share
breakup |
|
|
Category |
Percentage |
|
Directors or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Electronic Goods. |
|
|
|
|
Agencies Held : |
Ř Samsung Ř
Whirlpool |
GENERAL INFORMATION
|
Bankers : |
Ř
HDFC Bank, Ř
Andhra Bank, Ř
The Vysya Bank Limited, Ř
Indian overseas Bank, 1-1, 256/8/A, Street No.
3, Chikadapally, |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Financial Institution: |
3i Infotech Trusteeship Services Limited , 3rd to 6th
Floor, International Infotech Park, Tower No. 5, Vashi Railway Station
Complex, Vashi, Navi Mumbai-400703, Maharashtra, India. |
|
|
|
|
Auditors : |
|
|
Name : |
Venkatram and Company Chartered Accountants |
|
Address : |
1-10-63/16, |
|
Tel. No.: |
91-40-27762235 |
CAPITAL STRUCTURE
As on 29.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
540000 |
Equity Share |
Rs.100/- each |
Rs.54.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
257920 |
Equity Share |
Rs.100/- each |
Rs.25.792 Millions |
|
|
|
|
|
As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
540000 |
Equity Share |
Rs.100/- each |
Rs.54.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
161920 |
Equity Share |
Rs.100/- each |
Rs.16.192 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
16.192 |
16.192 |
7.490 |
|
|
2] Share Application Money |
5.120 |
4.620 |
5.082 |
|
|
3] Reserves & Surplus |
10.931 |
7.483 |
4.052 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
32.243 |
28.295 |
16.624 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
126.084 |
109.897 |
47.906 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
126.084 |
109.897 |
47.906 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
|
|
TOTAL |
158.327 |
138.192 |
64.530 |
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|
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APPLICATION OF FUNDS |
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|
|
|
|
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FIXED ASSETS [Net Block] |
48.854 |
29.374 |
17.988 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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Inventories |
105.308
|
82.565 |
44.565 |
|
|
Sundry Debtors |
37.663
|
55.182 |
44.220 |
|
|
Cash & Bank Balances |
9.698
|
2.622 |
0.259 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
16.663
|
15.208 |
5.452 |
|
Total
Current Assets |
169.332
|
155.577 |
94.496 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors and Other Current Liabilities |
57.356
|
45.293 |
47.091 |
|
|
Provisions |
2.682
|
1.645 |
0.973 |
|
Total
Current Liabilities |
60.038
|
46.938 |
48.064 |
|
|
Net Current Assets |
109.294
|
108.639 |
46.432 |
|
|
|
|
|
|
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|
MISCELLANEOUS EXPENSES |
0.179 |
0.179 |
0.110 |
|
|
|
|
|
|
|
|
TOTAL |
158.327 |
138.192 |
64.530 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
|
Sales Turnover |
|
604.699 |
572.719 |
|
|
|
|
|
|
Profit/(Loss) After Tax |
|
3.447 |
3.431 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.77
|
5.54 |
5.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.82
|
3.31 |
1.97 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges Report
as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U29309AP1992PTC013880 |
|
Name of the
company |
RAJKAMAL
ELECTRONICS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
1-1-188/13, Chhikkadpally, |
|
Type of charge |
Others |
|
Number of charge
holder (s) |
1 |
|
Particular of
charge holder |
3i Infotech Trusteeship Services Limited , 3rd to 6th
Floor, International Infotech Park, Tower No. 5, Vashi Railway Station
Complex, Vashi, Navi Mumbai-400703, Maharashtra, India. |
|
Email ID |
|
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation
Deed by way of exclusive charge on Credit Card Receivables both present and
future dated:20/08/2008 |
|
Date of
instrument Creating the charge |
20.08.2008 |
|
Amount secured by
the charge |
In case the amount is in foreign currency, rupee equivalent to be stated Rs. 30.000 millions. |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest The ICICI Bank
Benchmark Advance Rate as on date is 17.25% P.A. and the Applicable Rate as
on date is 14.50% P.A. Terms of
Repayment Repayable on
demand-Tenable for 12 Months Extent and
Operation of the charge Hypothecation by
way of exclusive charge on Credit Card Receivables both present and future. |
|
Short particulars
of the property charged |
Credit card
Receivables of the company present and future. |
FIXED ASSETS:
Ř Furniture
Ř Computer
Ř Electrical Fittings
Ř EPABAX
Ř Air Conditioner
Ř UPS Systems
Ř Westron CC TV
Ř Renovation
Ř Fax Machine
Ř Camera
Ř Motor Car
Ř Sign Boards
Ř Office Equipments
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.44.96 |
|
|
1 |
Rs.73.57 |
|
Euro |
1 |
Rs.63.68 |
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 |
5 |
|
--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.