1. Summary Information
|
|
|
Country |
India |
|
Company Name |
RASHI
PERIPHERALS PRIVATE LIMITED |
Principal Name 1 |
Mr. Suresh Mahavirprasad Pansari |
|
Status |
Good |
Principal Name 2 |
Mr. Krishnakumar Radheshyam Choudhary |
|
|
|
Registration # |
11-51039 |
|
Street Address |
102,
Dhanthak Plaza, Makwana Road, Marol, Andheri (East), Mumbai – 400 059,
Maharashtra, India |
||
|
Established Date |
15.03.1989 |
SIC Code |
-- |
|
Telephone# |
91-22-67090909 |
Business Style 1 |
Dealer |
|
Fax # |
91-22-67090999 |
Business Style 2 |
Distributor |
|
Homepage |
Product Name 1 |
Computer Peripherals |
|
|
# of employees |
750
(Approximately) |
Product Name 2 |
Plantronics |
|
Paid up capital |
Rs.
9948550
/- |
Product Name 3 |
Gramin ASUS |
|
Shareholders |
Foreign holdings - 12.00% Directors or
relatives of Directors - 88.00 |
Banking |
The
Saraswat Co-operative Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
22 Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
|
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
India
|
International Ribben Manufacturing company |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,196,807,000 |
Current Liabilities |
1,525,744,000 |
|
Inventories |
1,210,961,000 |
Long-term Liabilities |
652,223,000
|
|
Fixed Assets |
215,861,000 |
Other Liabilities |
4,510,000 |
|
Deferred Assets |
-- |
Total Liabilities |
2,182,477,000 |
|
Invest& other Assets |
12,628,000 |
Retained Earnings |
443,831,000 |
|
|
|
Net Worth |
453,780,000 |
|
Total Assets |
2,636,257,000 |
Total Liab. & Equity |
2,636,257,000 |
|
Total Assets (Previous Year) |
2,053,135,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
10,975,997,000 |
Net Profit |
86,454,000 |
|
Sales(Previous yr) |
8,376,297,000 |
Net Profit(Prev.yr) |
53,269,000 |
MIRA INFORM
REPORT
|
Report Date : |
11.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
RASHI PERIPHERALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
102, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.03.1989 |
|
|
|
|
Com. Reg. No.: |
11-51039 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.949 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1989PTC051039 |
|
|
|
|
IEC No.: |
0389007285 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14063A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR2162H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer, Distributor and Importer of Computer Peripherals. |
|
|
|
|
No. of Employees : |
750 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track. Financial position of the company appears to be sound. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are reported to be regular 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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. Navin Agarwal |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9819556533 |
LOCATIONS
|
Registered / Corporate Office : |
102, |
|
Tel. No.: |
91-22-67090909 |
|
Mobile No. : |
91-9819556533 (Mr. Navin Agarwal) |
|
Fax No.: |
91-22-67090999 |
|
E-Mail : |
|
|
Website: |
|
|
Area : |
8000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Rashi Complex, 186, Dongri Pada, Poman Village, Bhiwandi Road, Vasai (East), District Thane, Maharashtra, India |
|
|
|
|
RMA Department : |
101, |
|
|
|
|
Mum. Sales : |
C-205, Cinthofine Indl. Estate, Behind Virwani Indl. Est.
Goregoan (E), Mumbai - 400 063, |
|
|
|
|
Lamington : |
52/C, Chotani Bldg, 2nd Floor, Proctor Road, Jyoti Estate,
Grandroad (E), Mumbai – 400 007, Maharashtra, India |
|
|
|
|
Branch Office : |
·
F – 10,Chirag Industrial Complex,
39/40 Golden Industrial Estate, Dabhel, ·
Shop No.1, Dukle Heaven, Opp.Dukle
Residency, Near Yamaha Show Room,
Tambdimatti, St. Inez, Panaji Goa 403
002, India ·
Near Rohit Jewellery, ·
Shop No.8,Tulsi Apt., South Kasba, ·
Archit Vihar, C Wing, Shop No.3, Opp.
Shrirang Mangal Apt., Nr. Vidya Vikas Hospital, Bhavik Nagar, Gangapur Road,
Nasik 422 005, Maharashtra, India ·
Shop No.4, X-69, ·
519, Ravivar Peth (E), Madhavnagar,
Sangli - 416 406, ·
6, 29/1, Sent ·
Ground Floor, Plot No. 60, ·
Renuka Niwas, Sant Kanwarram Ward,
Rajapeth, Amrawati 444 606, ·
414 Sterling Centre, M.G.Road, Pune - 411 001, ·
FF-17, 19-24, Maruti Centre, Above
Punjab Honda, ·
Shree Valabh Sadan, 25/38 New Jagnath
Plot, B/h, ·
1/788-789-793, ·
F1/124, Kashi Wishweshwar Township,
Jetalpur Rd,, B/H Swagat Restaurant, Vadodara (Guj) 390007, Gujarat, India ·
205/206/207 ·
House No. 90, 1st Floor, Rachna
Nagar, ·
B-1, 1st Flr., Sneh Vihar Apartment, ·
·
1st Flr., Mohan Niwas, Near Ratan
Hotel, ·
·
Shop No. 9, ·
Door No.4-2-237/12(1), Laxmi Ganesh,
Bharathi Nagar, Bejai, Mangalore-575004, ·
·
45, ·
D-62, 1st Flr., ANM Bldg., 11th B
Cross, Thillai Nagar, Trichy 620 018, Tamil Nadu, ·
154, ·
Anbagam Complex no.6, 1st Floor,
Deivabigamani st Sanjai Gandhi Nagar, ·
126, ·
D.No. 36-10-3/1, 1st Floor, Opp.Madhu
Kalamandapam, Mogalrajapuram, Vijaywada - 520 010, ·
Door No.46-7-35, Visram Arcade, Danavaipeta,
·
D.No.46-19-14, 1st Flr.,
Mandavaripet, Dondaparthy, Vishakhapatnam - 530 016, ·
Bldg No.L111/440, 441, 442, 443,
Ananthalakshmi, Thoundayil Road, Panampilly Nagar, Ernakulam 682036, Kerala,
India ·
Meenakshy, TC 11/147-2 and 3,
Kanakanagar, Kowdiar, P.O., Nanthencode Trivandrum-695 003, ·
5/1366, 2nd Flr., Salnalia Apt., ·
House No.11/765, Sobha Sadaanam, Erayilkadavu,
Kottayam 686 001, ·
312A/314 Mansarovar, 90, ·
107, Satya Bhawan, Wazirpur
Commercial Complex, ND-110052, ·
D-258-A, Devi Marg, ·
8/67, Gokhale Vihar Marg, ·
E-29, ·
Ground Flr., D-64/68 B-KA, Govind
Nagar, Colony Sigra, Mehmoorganj Rd, Varanasi 221 001, Uttar Pradesh, India ·
·
1st Flr., 11, ·
Plot No. 181/23, Ground Floor,
Industrial Area, Phase – 1 , ·
H.No.788/A, Behind Shiv ICE Creambar,
Last More, Gandhinagar, ·
Chauhan Complex, Hotel Park Inn,
Ground Floor, ·
15-A, 2nd Flr., Nr. Avtar Sweet Shop,
Friends Colony, Model Gram, ·
#11, 3rd Flr., ·
H.No.29 Chotti Market, ·
19, ·
45 Najrul Sarani, 1st Flr, Hakimpara,
Siliguri, Dist.Darjeeling, West Bengal - 734 001, ·
270, 1st Flr. Near Meghdoot Hotel,
Sahid Nagar, Bubneshwar - 751 007, ·
Opposite Bagroy House, Holding
No.467/C1, Income Tax Lane, PP Compound, Ranchi-834 001, Jharkand, India ·
House of Brij Mohan Singh, Opp.Post Office, Jamal Road, ·
House No.3, Sikaria Complex, 1st
Floor, ·
12/9 Sarojini Naidu Path, City
Centre, ·
Plot no.3, 2nd Floor, Near Adeshwar
Tower, Above Indian Bank, Mehra infocom, 4th |
DIRECTORS
AS ON 07.06.2010
|
Name : |
Mr. Suresh Mahavirprasad Pansari |
|
Designation : |
Director |
|
Address : |
801, Shubh Angab, 5th Floor, S V Road, JVPD Scheme, Vile Parle (West),
Mumbai – 400056, Maharashtra, India |
|
Qualification: |
B. COM. / FCA |
|
Date of Birth/Age : |
11.06.1954 |
|
Date of Appointment : |
15.12.1989 |
|
|
|
|
Name : |
Mr. Krishnakumar Radheshyam Choudhary |
|
Designation : |
Director |
|
Address : |
401, Shubh Angab, 5th Floor, S V Road, JVPD Scheme, Vile Parle (West),
Mumbai – 400056, Maharashtra, India |
|
Qualification: |
B. COM. / FCA |
|
Date of Birth/Age : |
28.10.1955 |
|
Date of Appointment : |
28.02.1997 |
|
|
|
|
Name : |
Mr. Kapal Suresh Pansari |
|
Designation : |
Director |
|
Address : |
801, Shubh Angab, 5th Floor, S V Road, JVPD Scheme, Vile Parle (West),
Mumbai – 400056, Maharashtra, India |
|
Qualification: |
B. COM / MBA |
|
Date of Birth/Age : |
21.12.1983 |
|
Date of Appointment : |
01.07.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 07.06.2010
|
Names of Shareholders |
No. of Shares |
|
Manju Pansari |
116875 |
|
K.K. Choudhary JT. Meena Choudhary |
95000 |
|
Meena Choudhary JT. Manju Pansari, K.K. Choudhary HUF Suresh Pansari HUF |
116500 |
|
Suresh Pansari |
124375 |
|
SMT. Meena Choudhary |
68375 |
|
K.K. Choudhary Karta of K.K. Choudhary HUF |
7500 |
|
Suresh Pansari Karta of Suresh Pansari HUF |
4400 |
|
Kapal Pansari |
73500 |
|
Chaman Pansari |
57000 |
|
Master Keshav Choudhary Through F and NG K.K. Choudhary |
176000 |
|
|
30875 |
|
Rajesh Attal |
122855 |
|
Priyanka Kapal Pasari |
1600 |
|
|
|
|
Total |
994855 |
AS ON 09.09.2010
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
12.00 |
|
Directors or relatives of Directors |
88.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer, Distributor and Importer of Computer Peripherals. |
|
|
|
|
Product with Brand Names : |
·
Audiovox ·
Gramin ASUS ·
Plantronics ·
A Data ·
APC ·
Altech ·
Logitech ·
Pixelview ·
Sandisk ·
Targus ·
Toshiba ·
Viewsonic ·
ASUS ·
AMD ·
Ati ·
Elitergroup ·
Sony ·
XFX ·
·
Fujitsu ·
Lenovo ·
HP ·
Microsoft ·
Netgear ·
Compex ·
Nexans |
|
|
|
|
Agencies Held : |
·
APC ·
Sony ·
ASUS ·
Logitech |
GENERAL INFORMATION
|
Bankers : |
· Citi Bank ·
State Bank of · ABN Amro Bank, Mumbai ·
Standard Chartered Bank, 90, · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India ·
The Saraswat Co-operative Bank Limited |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
ASL and Company Chartered Accountant |
|
Address : |
102, Gauresh Apartments, Agarkar Chowk, Old Police Line,
Andheri (E), Mumbai – 400069, |
|
Tel No. : |
91-22-26841173 |
|
Fax No. : |
91-22-26842206 |
|
E-Mail : |
|
|
|
|
|
Associates : (31.03.2010) |
|
|
|
|
|
Subsidiaries : |
·
Rashi Peripherals Pte Limited |
CAPITAL STRUCTURE
As on 07.06.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
994855 |
Equity Shares |
Rs.10/- each |
Rs.9.949 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.949 |
9.949 |
9.949 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
443.831 |
358.537 |
306.432 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
453.780 |
368.486 |
316.381 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
643.170 |
436.573 |
371.406 |
|
|
2] Unsecured Loans |
9.053 |
37.879 |
64.698 |
|
|
TOTAL BORROWING |
652.223 |
474.452 |
436.104 |
|
|
DEFERRED TAX LIABILITIES |
4.510 |
1.694 |
1.409 |
|
|
|
|
|
|
|
|
TOTAL |
1110.513 |
844.632 |
753.894 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
215.861 |
68.762 |
59.731 |
|
|
Capital work-in-progress |
2.818 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
9.810 |
1.176 |
0.931 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1210.961
|
845.521
|
711.814 |
|
|
Sundry Debtors |
1026.614
|
903.160
|
705.903 |
|
|
Cash & Bank Balances |
3.500
|
0.574
|
0.735 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
166.693
|
233.942
|
200.221 |
|
Total
Current Assets |
2407.768
|
1983.197
|
1618.673 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
1102.850
|
881.299 |
|
|
Other Current Liabilities |
|
99.815
|
43.466 |
|
|
Provisions |
|
5.838
|
0.676 |
|
Total
Current Liabilities |
1525.744
|
1208.503
|
925.441 |
|
|
Net Current Assets |
882.024
|
774.694
|
693.232 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1110.513 |
844.632 |
753.894 |
|
PROFIT & LOSS
ACCOUNT
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.79
|
0.64
|
0.46 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
0.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.97
|
3.92
|
3.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.22
|
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.80
|
4.57
|
4.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58
|
1.64
|
1.75 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS: (As on
31.03.2010)
During the year, the turnover of the Company stood at Rs. 8373.800 millions as against Rs. 7094.200 millions in the previous year, registering an annual growth of over 18%. Profit before Taxation was increased by 50.00% from Rs.53.631 millions to Rs. 80.451 millions. The Profit after Taxation increased by 63.17% from Rs. 32.646 millions to Rs. 53.269 millions.
During the year, the Company has added distribution products
of some new brands like Adata, ECS, Fujitsu, Microsoft and Targus. The Company
has ventured in distribution of Microsoft Software Licensed products for the
first time. The Company has opened 2 new branches in
Indian I.T. hardware Industry has witnessed marginal growth in the second half after the recession it faced during 2008-09. Exchange rate has been favorable throughout the year.
Our endeavor is to constantly strive towards brand building with right set of products and brands as well. Today through their constant efforts with holding of various National and International Channel Training Programs, Conferences and Seminars, the Company has a strong presence not only in the trade media but also in the mainstream through cutting edge technology products for the end users. The Company has also been recognized as best Distributor by various Vendors and rated very high by trade media.
The company is in advance stage of finalization of some new tie ups which will help in recession and take the Company’s growth further.
FORM: 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10024338 |
|
Corporate
identity number of the company |
U30007MH1989PTC051039 |
|
Name of the
company |
RASHI PERIPHERALS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
102, |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
HDFC Bank
Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai – 400
013, Maharashtra, India E-Mail: nihar.parikh@hdfcbank.com |
|
Nature of description
of the instrument creating or modifying the charge |
Third
Supplemental letter of hypothecation of stocks, book debts and Machinery. |
|
Date of
instrument Creating the charge |
02.06.2009 |
|
Amount secured by
the charge |
Rs.340.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time Terms of
Repayment On Demand Margin The Borrower
shall maintain said goods / Debts and Machinery of a sufficient quantity and
value so as to provide the margin as time to time advised by the bank. Extent and
Operation of the charge A) First pari
passu charge on all stocks, book debts, movable fixed assets and other
current assets both present and future. B) Borrower to
keep the said goods in marketable and good condition and keep insured the
said goods and machinery. C) The Bank shall
have an absolute discretion for granting or continuance of said credit
facility. |
|
Short particulars
of the property charged |
Hypothecation of A) All the stocks
in trade both present and future viz. raw material, finish goods, goods in
process, other merchandise whatsoever being movable properties. B) Book debts, outstanding,
monies receivable, claims and bills. C) All the
movable fixed assets both present and future including plant and machinery,
laboratory equipments, furniture and fixtures, Computers, Electric
equipments, Office equipments and other movable properties at Company's
factories, offices and Godowns. |
|
Date of latest
modification prior to the present modification |
04.07.2008 |
|
Particulars of the present modification |
Vide this
modification Existing charge on company Current Assets and Moveable Assets,
both present and future has been extended for the credit facilities from
Rs.280.000 Millions to Rs.340.000 Millions |
TRADE REFERENCES:
·
APC
·
Sony
·
ASUS
·
Logitech
FIXED ASSETS:
- Premises
- Plant and Machinery
- Computers
- Furniture and Fixtures
- Electrical Fittings
- Office Equipments
- Vehicles
- Capital WIP
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. 49.78 |
|
|
1 |
Rs. 80.10 |
|
Euro |
1 |
Rs. 68.81 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
50 |
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.