1. Summary Information
|
|
|
Country |
|
|
Company Name |
RUKSH
INTERNATIONAL PRIVATE LIMITED |
Principal Name 1 |
Mr. Mohammad
Iftikhar |
|
Status |
Yet to Commence Business |
Principal Name 2 |
Mr. Mohammad
Sahid |
|
|
|
Registration # |
-- |
|
Street Address |
50 – A Soft Road,
150 Feet Road, Jajmau, Kanpur – 208010, Uttar Pradesh, India |
||
|
Established Date |
26.05.1995 |
SIC Code |
-- |
|
Telephone# |
91-512-2460223 / 2460224 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-512-2460220 / 2463061 |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Buff leather |
|
# of employees |
600 |
Product Name 2 |
leather Belt |
|
Paid up capital |
2,500,000 |
Product Name 3 |
Saddles |
|
Shareholders |
Director and Relatives of Directors – 100% |
Banking |
Union Bank of |
|
Public Limited Corp. |
-- |
Business Period |
16 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
C |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
15,716,000 |
Current Liabilities |
7,999,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
5,253,000 |
|
Fixed Assets |
1,048,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
13,252,000 |
|
Invest& other Assets |
119,000 |
Retained Earnings |
2,207,000 |
|
|
|
Net Worth |
3,631,000 |
|
Total Assets |
16,883,000 |
Total Liab. & Equity |
16,883,000 |
|
Total Assets (Previous Year) |
16,047,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
255,000 |
|
Sales(Previous yr) |
-- |
Net Profit
/ (Loss) (Prev.yr) |
(266,000) |
MIRA
INFORM REPORT
|
Report Date : |
15.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
RUKSH INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
50 – A Soft Road,
150 Feet Road, Jajmau, Kanpur – 208010, Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
26.05.1995 |
|
|
|
|
Com. Reg. No.: |
20-18119 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19111UP1995PTC018119 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KNPRO01306E |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and
Exporters of Buff Leather, Leather Belt, Caps and Tiles, Larness, Saddles. |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Yet to Commence Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Though the company was incorporated in 1995, it is yet to commence its
commercial business activities. Payment terms are not known. The company can be considered for business dealings on a safe and
secured 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 |
LOCATIONS
|
Registered Office/Factory : |
50 – A Soft Road,
150 Feet Road, Jajmau, Kanpur – 208010, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2460223 /
2460224 / 2460221 / 2461639 / 2464565 / 2540504 |
|
Fax No.: |
91-512-2460220 /
2463061 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Mohammad Khalid |
|
Designation : |
Director |
|
Address : |
C – 593, Dofence
Colony, Jajmau, |
|
Date of Birth/Age : |
10.02.1962 |
|
Qualification : |
B.com |
|
Date of Appointment : |
26.05.1995 |
|
DIN No.: |
00595565 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U19111UP1995PTC018119 |
RUKSH
INTERNATIONAL PRIVATE LIMITED |
Director |
26-05-95 |
26-05-95 |
Active |
NO |
|
2 |
U19121UP2009PTC036780 |
RUKSH
LEATHER FINISHER PRIVATE LIMITED |
Director |
13-02-09 |
13-02-09 |
Active |
NO |
|
Name : |
Mr. Mohammad
Iftikhar |
|
Designation : |
Director |
|
Address : |
88/74, No.24,
Hindustan Tannery Compund, Jajmau, Kanpur-208010, Uttar Pradesh, India |
|
Date of Birth/Age : |
29.09.1955 |
|
Qualification : |
B.com |
|
Date of Appointment : |
11.04.2004 |
|
DIN No.: |
01524473 |
|
|
|
|
Name : |
Mr. Mohammad
Sahid |
|
Designation : |
Director |
|
Address : |
97/154, Kallomal Street, Kanpur – 208010, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.08.1965 |
|
Qualification : |
B.com |
|
Date of Appointment : |
11.04.2004 |
|
DIN No.: |
00402247 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U19111UP1995PTC018119 |
RUKSH
INTERNATIONAL PRIVATE LIMITED |
Director |
11-04-04 |
11-04-04 |
- |
Active |
NO |
|
2 |
U19114UP2006PTC032087 |
HOMERA
TANNERS PRIVATE LIMITED |
Director |
04-07-06 |
04-07-06 |
03-10-09 |
Active |
NO |
|
3 |
U74900UP2008PTC035079 |
RUKSH
EXIM PRIVATE LIMITED |
Director |
28-04-08 |
28-04-08 |
- |
Active |
NO |
|
4 |
U19110UP2009PTC037196 |
RYDERS
EQUESTRIAN PRODUCTS PRIVATE LIMITED |
Director |
20-04-09 |
20-04-09 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Mohammad Iftikhar |
11600 |
|
Mohammad Sahid |
1800 |
|
Mohammad Khalid |
11600 |
|
Total
|
25000 |
AS ON 30.09.2010
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and
Exporters of Buff Leather, Leather Belt, Caps and Tiles, Larness, Saddles. |
GENERAL INFORMATION
|
Suppliers |
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Customers : |
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Bankers : |
·
Union Bank of India ·
State Bank of India |
||||||||||||||||||||||||||||||||||||
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|
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Facilities : |
|
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J. Chandra and
Company Chartered
Accountants |
|
Address : |
9/84, Arya Nagar,
Kanpur, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2540504 |
|
PAN No.: |
AAAFJ6382Q |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/-
each |
Rs. 2.500
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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.207 |
2.207 |
2.207 |
|
|
4] (Accumulated Losses) |
(1.076) |
(1.177) |
(0.835) |
|
|
NETWORTH |
3.631 |
3.530 |
3.872 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.568 |
1.991 |
3.209 |
|
|
2] Unsecured Loans |
3.685 |
3.685 |
5.275 |
|
|
TOTAL BORROWING |
5.253 |
5.676 |
8.484 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
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TOTAL |
8.884 |
9.206 |
12.356 |
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|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
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|
|
FIXED ASSETS [Net Block] |
1.048 |
1.201 |
2.968 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.119 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
14.879
|
13.558
|
13.592 |
|
|
Cash & Bank Balances |
0.656
|
0.987
|
0.865 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.181
|
0.301
|
0.509 |
|
Total
Current Assets |
15.716
|
14.846 |
14.966 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.972
|
6.815
|
5.557 |
|
|
Other Current Liabilities |
0.027
|
0.026
|
0.021 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
|
Total
Current Liabilities |
7.999
|
6.841 |
5.578 |
|
|
Net Current Assets |
7.717
|
8.005
|
9.388 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8.884 |
9.206 |
12.356 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
(0.255) |
0.266 |
0.129 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
(0.255) |
0.266 |
0.129 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX |
0.255 |
(0.266) |
(0.129) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.255 |
(0.266) |
(0.129) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.52
|
(1.66)
|
(0.72) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
(0.08)
|
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.65
|
3.54
|
3.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96
|
2.17
|
2.68 |
LOCAL AGENCY FURTHER INFORMATION
BUSINESS PROSPECTS:
The Directors have
reviewed the business scenario with the management and it was observed that
their current year operational profit has been rise due to increase in demand
of products
The Company’s
philosophy since its inception has always looked good corporate culture as a
way of life, observation the highest level of ethics in all in dealing.
Included in its objective are the protection of the interest of share holders
suppliers customers, employees and the society as large.
Now new business
programs have been developed and the directors look to the future with
confidence.
FIXED ASSETS:
- Boiler
- Cycle
- Drums
- Electric
- Instalation
- Generator
- Machinery
- Scooter
- Furniture
- Building
- Computer
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 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. 50.08 |
|
|
1 |
Rs. 80.36 |
|
Euro |
1 |
Rs. 68.83 |
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.