1. Summary Information
|
|
|
Country |
|
|
Company Name |
RPG ELECTRADE PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajinder Prasad Gupta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sandeep Kumar Gupta |
|
|
|
Registration # |
55-78453 |
|
Street Address |
D-50 Mohan Singh
Market, Sector 6, R K Puram, |
||
|
Established Date |
24.04.1996 |
SIC Code |
-- |
|
Telephone# |
91-11-26184581/26688888 |
Business Style 1 |
Dealer |
|
Fax # |
91-11-23963407 |
Business Style 2 |
Distributor |
|
Homepage |
-- |
Product Name 1 |
Electronic Goods |
|
# of employees |
14
(approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 300,200/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of directors (100.00%) |
Banking |
HDFC Bank |
|
Public Limited Corp. |
No |
Business Period |
15 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba |
|
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 |
5,742,000 |
Current Liabilities |
6,229,000 |
|
Inventories |
3,878,000 |
Long-term Liabilities |
2,041,000 |
|
Fixed Assets |
939,000 |
Other Liabilities |
248,000 |
|
Deferred Assets |
26,000 |
Total Liabilities |
8,518,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
1,187,000 |
|
|
|
Net Worth |
2,067,000 |
|
Total Assets |
10,585,000 |
Total Liab. & Equity |
10,585,000 |
|
Total Assets (Previous Year) |
10,876,000 |
|
|
|
P/L Statement as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
68,810,000 |
Net Profit |
267,000 |
|
Sales(Previous yr) |
75,471,000 |
Net Profit(Prev.yr) |
339,000 |
MIRA
INFORM REPORT
|
Report Date : |
13.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
RPG ELECTRADE PRIVATE LIMITED |
|
|
|
|
Registered Office : |
D-50 Mohan Singh Market, Sector 6, R K Puram, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2009 |
|
|
|
|
Date of Incorporation : |
24.04.1996 |
|
|
|
|
Com. Reg. No.: |
55-78453 |
|
|
|
|
Paid-up Capital : |
Rs. 0.300 Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1996PTC078453 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELR10329E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCR2433F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Dealer of Electronic Goods and Distributor of Samsung. |
|
|
|
|
No. of Employees : |
14 (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 8200 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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.
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 DENIED BY
|
Name : |
Mr. Tarun |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-11-26688888 |
|
Date : |
11.05.2011 |
LOCATIONS
|
Registered Office / Branch : |
D-50 Mohan Singh Market, Sector 6, R K Puram, |
|
Tel. No.: |
91-11-26184581/26688888 |
|
Fax No.: |
91-11-23963407 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
D-77, Malviya Nagar, |
|
Tel. No.: |
91-11-23963407 |
|
Fax No.: |
91-11-23963407 |
|
E-Mail : |
DIRECTORS
As On 24.09.2009
|
Name : |
Mr. Rajinder Prasad Gupta |
|
Designation : |
Director |
|
Address : |
A-29, MIG Flats, Katwaria Sarai, Qutub Enclave, New Delhi – 110 016,
India |
|
Date of Birth/Age : |
05.12.1945 |
|
Date of Appointment : |
24.04.1996 |
|
|
|
|
Name : |
Mr. Sandeep Kumar Gupta |
|
Designation : |
Director |
|
Address : |
C-23, Katwari Sarai, |
|
Date of Birth/Age : |
11.06.1972 |
|
Date of Appointment : |
24.04.1996 |
|
|
|
|
Name : |
Mr. Pradeep Kumar Gupta |
|
Designation : |
Director |
|
Address : |
C-23, DDA Janta Flat, Phase – I, Katwaria Sarai, |
|
Date of Birth/Age : |
07.02.1965 |
|
Date of Appointment : |
16.08.2002 |
|
|
|
|
Name : |
Mrs. Vandana Gupta |
|
Designation : |
Director |
|
Address : |
C-23, DDA Janta Flats, Katwaria Sarai-I, Qutuab Enclaue, |
|
Date of Birth/Age : |
02.01.1969 |
|
Date of Appointment : |
01.12.2005 |
|
|
|
|
Name : |
Mr. Vikas Gupta |
|
Designation : |
Director |
|
Address : |
D-77, Malviya Nagar, Delhi-110017, |
|
Date of Birth/Age : |
18.09.1987 |
|
Date of Appointment : |
20.07.2006 |
KEY EXECUTIVES
|
Name : |
Mr. Tarun |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 24.09.2009)
|
Names of Shareholders |
No. of Shares |
|
Rajinder Prasad Gupta |
10010 |
|
Sandeep Kumar Gupta |
10010 |
|
Pradeep Kumar Gupta |
10000 |
|
Total |
30020 |
(As on 24.09.2009)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Electronic Goods and Distributor of Samsung. |
|
|
|
GENERAL INFORMATION
|
Customers : |
Retailers |
||||||||
|
|
|
||||||||
|
No. of Employees : |
14 (approximately) |
||||||||
|
|
|
||||||||
|
Bankers : |
·
HDFC Bank, ·
Bank of |
||||||||
|
|
|
||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name: |
Vijay Mukesh and Company Chartered Accountants |
|
Address: |
D-4, Naveen Shahdara, |
|
Tel No.: |
91-11-22321672 |
|
Fax No.: |
91-11-22327861 |
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 |
|
|
|
|
|
|
30020 |
Equity Shares |
Rs.10/- each |
Rs.0.300
million |
|
|
|
|
|
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 |
0.300 |
0.300 |
0.300 |
|
|
2] Share Application Money |
0.580 |
0.580 |
0.580 |
|
|
3] Reserves & Surplus |
1.187 |
0.921 |
0.582 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.067 |
1.801 |
1.462 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.041 |
0.361 |
1.599 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
2.041 |
0.361 |
1.599 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
4.108 |
2.162 |
3.063 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.939 |
1.141 |
0.873 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.026 |
0.005 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.878
|
7.436
|
5.123
|
|
|
Sundry Debtors |
0.647
|
0.303
|
1.219
|
|
|
Cash & Bank Balances |
2.214
|
0.480
|
0.076
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
2.881
|
1.511
|
2.284
|
|
Total
Current Assets |
9.620
|
9.730 |
8.702 |
|
|
Less : CURRENT LIABILITIES
& PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
6.229
|
8.480
|
6.285
|
|
|
Provisions |
0.248
|
0.234
|
0.227
|
|
Total
Current Liabilities |
6.477
|
8.714
|
5.287 |
|
|
Net Current Assets |
3.143
|
1.016
|
2.190
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.108 |
2.162 |
3.063 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
84.946 |
|
|
|
Other Income |
|
|
0.340 |
|
|
|
TOTAL (A) |
68.810 |
75.471 |
85.286 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
68.314 |
74.905 |
84.812 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.496 |
0.567 |
0.474 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.229 |
0.228 |
0.237 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
0.267 |
0.339 |
0.237 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.894 |
0.011 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
0.39
|
0.45
|
0.28
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
0.56
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.70
|
5.21
|
4.95
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.31
|
0.32
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.12
|
5.03
|
5.55
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48
|
1.11
|
1.34
|
LOCAL AGENCY FURTHER INFORMATION
Operations:
The company earned a net profit of Rs. 0.267 Million after Depreciation
and Tax as compared to last year Rs. 0.339 Million.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74899DL1996PTC078453 |
|
Name of the
company |
RPG ELECTRADE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
D-50 Mohan Singh Market, Sector 6, R K Puram, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
Bank of |
|
Nature of
instrument creating charge |
Instrument of
hypothecation of goods dated 10.12.2007 |
|
Date of
instrument Creating the charge |
10.12.2007 |
|
Amount secured by
the charge |
Rs.7.500 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest @ 1.50% above
BPLR of the Bank with minimum of 14.75% p.a. at monthly rests or at such
rate(s) as may be specified by the Bank from time to time. Terms of
repayment Payable on Demand Margin 25% Extent and
operation of the charge 100% Others The above is to
secure all amounts payable under Cash Credit (Hypo. Of stocks) limit of
Rs.7.500 millions granted to the Company together with all interests, costs,
charges, expenses etc. |
|
Short Particulars
of the property charged |
Hypothecation of
stock of raw-materials, semi finished and finished goods, stores and spares
not relating to plant and machinery (consumable stores and spares) both
present and future now lying or hereafter stored at Company’s premises at New
Delhi or at any other place(s) including those in transit. |
|
Name of the company |
RPG ELECTRADE PRIVATE LIMITED |
|
Presented By |
Bank of |
|
1) Date and description of instrument creating the change |
Instrument of hypothecation of goods dated 20.12.2002 registered on 07.01.2003 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 2.000 Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of stock of TV and other electric and household items, stores and spares not relating to plant and machinery, consumable stores and spares now lying or hereafter stores at company’s premises at D-50l, Mohan Singh Marlet Shop and Godown or at any other place(s) including those in the transit. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The above is to secure amounts payable under Cash credit limit of Rs. 2.000 Millions granted to the company together with interest @ 3% p.a. over prime lending rate of the bank with monthly rest or at such rate(s) as the bank may specify to the borrower in accordance with the bank’s prime lending and credit rating of the borrower with the bank from time to time and all other costs, charges, expenses etc. Margin : 25% as may be stipulated by the bank from time to time Payable on demand |
|
5) Name and Address and description of the person entitled to the charge. |
Bank of |
|
6) Date and brief description of instrument modifying the charge |
Instrument of hypothecation of goods dated 05.05.2005 for Rs. 3.000 Millions |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
The charge on stock of all hypothecated goods lying in hereafter stored at company’s premises or at any other places including those in transit stands enhanced from Rs. 2.000 Million to Rs.3.000 Million to secure all amounts payable under enhanced cash credit limit of Rs. 3.000 Millions granted to the company together with all interest, cost, charges, expenses etc. Interest rate stands changed to 1.50% over BPLR of the Bank with a minimum of 12% p.a. at monthly rests. Other terms and conditions remained the same. |
Fixed
Assets:
·
AC
·
CTV
·
Generator
·
Telephone Equipments
·
Scooter
·
Office Construction
·
Furniture
·
Car
·
Printer
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.44.79 |
|
|
1 |
Rs.73.19 |
|
Euro |
1 |
Rs.63.59 |
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.