- Summary Information
|
|
|
Country |
|
|
Company Name |
RUCHIKA SALES PRIVATE LIMITED |
Principal Name 1 |
Mr. Ramesh Kumar Agarwal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Suraj Kumar Agarwal |
|
|
|
Registration # |
03-010954 |
|
Street Address |
Sharda Sadan,
Below |
||
|
Established Date |
22.09.2004 |
SIC Code |
-- |
|
Telephone# |
91-651-2250795 |
Business Style 1 |
Dealer |
|
Fax # |
91-651-2250795 |
Business Style 2 |
--- |
|
Homepage |
--- |
Product Name 1 |
Electronic Goods |
|
# of employees |
Not Available |
Product Name 2 |
--- |
|
Paid up capital |
Rs.
2,500,000/- |
Product Name 3 |
--- |
|
Shareholders |
Directors /
Relatives Of Directors (100%) |
Banking |
Punjab National Bank State Bank of |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(30) |
|
Related
Company --- |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
- Summary Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
14,916,000 |
Current Liabilities |
1,400,000 |
|
Inventories |
7,885,000 |
Long-term Liabilities |
16,145,000 |
|
Fixed Assets |
398,000 |
Other Liabilities |
1,000 |
|
Deferred Assets |
39,000 |
Total Liabilities |
17,546,000 |
|
Invest& other Assets |
12,000 |
Retained Earnings |
3,204,000 |
|
|
|
Net Worth |
5,704,000 |
|
Total Assets |
23,250,000 |
Total Liab. & Equity |
23,250,000 |
|
Total Assets (Previous Year) |
18,749,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Turnover / Receipts |
136,548,010,000 |
Net Profit |
688,760,000 |
|
Sales(Previous yr) |
101,385,490,000 |
Net Profit(Prev.yr) |
524,352,000 |
MIRA
INFORM REPORT
|
Report Date : |
16.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
RUCHIKA SALES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Sharda Sadan,
Below |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
22.09.2004 |
|
|
|
|
Com. Reg. No.: |
03-010954 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.500 millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51109JH2004PTC010954 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
RCHR00804G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Dealer of Electronic Goods |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 22000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company with moderate track. The
profitability of the company is appears to be low. However, financial
position of the company is improving. Trade relations are fair. Business is
active. Payments are reported to slow but correct. The Company can be considered for business dealings with some
cautions. |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Sharda Sadan,
Below |
|
Tel. No.: |
91-651-2250795 |
|
Fax No.: |
91-651-2250795 |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Ramesh Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
Sharda Sadan, Below over Bridge, Niwaranpur, |
|
Date of Birth/Age : |
05.09.1962 |
|
Date of Appointment : |
22.09.2004 |
|
DIN : |
01859021 |
|
|
|
|
Name : |
Mr. Suraj Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
Sharda Sadan, Below over Bridge, Niwaranpur, |
|
Date of Birth/Age : |
14.05.1966 |
|
Date of Appointment : |
22.09.2004 |
|
DIN : |
01858984 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Nisha Agarwal |
|
2000 |
|
Ramesh Kumar Agarwal |
|
2800 |
|
Tarun Modi |
|
2000 |
|
Sangita Agarwal |
|
2000 |
|
Yogesh Modi |
|
1000 |
|
Mamta Agarwal |
|
2000 |
|
Satish Agarwal |
|
2000 |
|
Dheeraj Agarwal |
|
2000 |
|
Mahesh Gupta |
|
2000 |
|
Nishant Agarwal |
|
2500 |
|
Namrata Agarwal |
|
2500 |
|
Suraj Agarwal |
|
400 |
|
Naman Tie Up private Limited, |
|
400 |
|
Shivam Commotrade Private Limited, |
|
400 |
|
Trishna Distributors Private Limited, |
|
1000 |
|
Total |
|
25000 |
As on 30.09.2010
|
Sr.No. |
Category |
Percentage |
|
|
|
|
|
1. |
Directors / Relatives Of Directors |
100.00 |
|
|
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Electronic Goods |
GENERAL INFORMATION
|
NO. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
S.K. Nayak and Company Chartered Accountant |
|
Address : |
403, 4th Floor, |
|
Tel No. : |
91-612-2230337/3292111 |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs. 100 /- each |
Rs. 2.500 Millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs. 100 /- each |
Rs. 2.500 Millions |
|
|
|
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.500 |
2.300 |
2.300 |
|
|
2] Share Application Money |
0.000 |
0.200 |
0.200 |
|
|
3] Reserves & Surplus |
3.204 |
0.715 |
0.190 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5.704 |
3.015 |
2.690 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.057 |
1.967 |
5.117 |
|
|
2] Unsecured Loans |
12.088 |
8.058 |
8.139 |
|
|
TOTAL BORROWING |
16.145 |
10.025 |
13.256 |
|
|
DEFERRED TAX LIABILITIES |
0.001 |
0.001 |
0.001 |
|
|
|
|
|
|
|
|
TOTAL |
21.850 |
13.241 |
15.947 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.398 |
0.484 |
0.460 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.039 |
0.033 |
0.032 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.885
|
8.157
|
8.321
|
|
|
Sundry Debtors |
12.535
|
8.151
|
8.593
|
|
|
Cash & Bank Balances |
1.277
|
0.490
|
1.195
|
|
|
Other Current Assets |
0.005
|
0.000
|
0.000
|
|
|
Loans & Advances |
1.099
|
1.410
|
1.012
|
|
Total
Current Assets |
22.801
|
18.208 |
19.121
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
0.736
|
0.403
|
0.338 |
|
|
Sundry Creditors |
0.664
|
5.105
|
3.364 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
|
Total
Current Liabilities |
1.400
|
5.508 |
3.702
|
|
|
Net Current Assets |
22.401
|
12.700 |
15.419 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.012 |
0.024 |
0.036 |
|
|
|
|
|
|
|
|
TOTAL |
21.850 |
13.241 |
15.947 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
TURNOVER /
RECEIPTS |
136548.010 |
101385.611 |
79.756 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
135510.490 |
106840.017 |
79.483 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1037.520 |
788.895 |
0.273 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
688.760 |
524.352 |
0.174 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
714.758 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1403.518 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share (Rs.) |
-- |
0.34 |
7.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4472.26 |
4220.49 |
1.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
181.89 |
293.27 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.07
|
5.15 |
6.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
16.29
|
3.31 |
5.16 |
LOCAL AGENCY FURTHER INFORMATION
Financial
Performance :
The company has earned a good profit during the year. The excellent work
will continue in current year also and the directors are very positive that the
growth rate will be maximized.
FIXED ASSETS :
- Furniture and
Fittings
- Generator
- Motor Car
- Car
- Tempo
- Wall Fan
- Water Filter
- Computer
- Cooler
- Cycle
- Office
Equipments
- Electric
Equipments
- EPABX
- Fridge
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.44.91 |
|
|
1 |
Rs.73.05 |
|
Euro |
1 |
Rs.64.03 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.