Business
information report
1. Summary Information
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|
Country |
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Company Name |
R S UNIQUE TRADING COMPANY PRIVATE LIMITED |
Principal Name 1 |
Mr. Ramesh Kumar |
|
Status |
Moderate |
Principal Name 2 |
Mr. Jitender Kumar |
|
|
|
Registration # |
55-164842 |
|
Street Address |
177A / 1, Pana Udyan, Narela, |
||
|
Established Date |
15.06.2007 |
SIC Code |
-- |
|
Telephone# |
91-11-27811095 |
Business Style 1 |
Distributor |
|
Fax # |
91-11-27811097 |
Business Style 2 |
- |
|
Homepage |
-- |
Product Name 1 |
Electronic Goods |
|
# of employees |
Not Available |
Product Name 2 |
- |
|
Paid up capital |
Rs.
5,000,000/- |
Product Name 3 |
- |
|
Shareholders |
Directors or relatives of
directors 100.00 % |
Banking |
Union Bank of |
|
Public Limited Corp. |
No |
Business Period |
5 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
31,858,000 |
Current Liabilities |
16,314,000 |
|
Inventories |
18,262,000 |
Long-term Liabilities |
30,366,000 |
|
Fixed Assets |
783,000 |
Other Liabilities |
000 |
|
Deferred Assets |
000 |
Total Liabilities |
46,680,000 |
|
Invest& other Assets |
1,539,000 |
Retained Earnings |
762,000 |
|
|
|
Net Worth |
5,762,000 |
|
Total Assets |
52,442,000 |
Total Liab. & Equity |
52,442,000 |
|
Total Assets (Previous Year) |
38,740,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
126,894,000 |
Net Profit |
1,002,000 |
|
Sales(Previous yr) |
97,496,000 |
Net Profit(Prev.yr) |
(1,438,000) |
|
Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
R S UNIQUE TRADING COMPANY PRIVATE LIMITED |
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Registered
Office : |
177A / 1, Pana Udyan, Narela, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
15.06.2007 |
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Com. Reg. No.: |
55-164842 |
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Capital
Investment/ Paid-up Capital: |
Rs. 5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2007PTC164842 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR14600F |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCR6522Q |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Distributor of electrical and electronic goods. |
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|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. The company has
been successful in wiping off its accumulated losses of previous years. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings with some caution. |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office : |
177A / 1, Pana Udyan, Narela, |
|
Tel. No.: |
91-11-27811095 |
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Fax No.: |
91-11-27811097 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Ramesh Kumar Sharma |
|
Designation : |
Director |
|
Address : |
177A / 1, Pana Udyan, Narela, |
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Date of Birth/Age : |
02.07.1964 |
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Date of Appointment : |
15.06.2007 |
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Din No.: |
01865907 |
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 |
U51909DL2007PTC164842 |
RS UNIQUE
TRADING COMPANY PRIVATE LIMITED |
Whole-time
director |
15-06-07 |
15-06-07 |
Active |
NO |
|
2 |
U67110DL2008PTC180763 |
ADDITIVE CAPITAL
RESEARCH PRIVATE LIMITED |
Director |
10-07-08 |
10-07-08 |
Active |
NO |
|
Name : |
Mr. Jitendra Kumar |
|
Designation : |
Director |
|
Address : |
331, Pana Udyan, Narela, |
|
Date of Birth/Age : |
26.08.1977 |
|
Date of Appointment : |
15.06.2007 |
|
Din No.: |
01865917 |
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 |
U51909DL2007PTC164842 |
RS UNIQUE
TRADING COMPANY PRIVATE LIMITED |
Whole-time
director |
15-06-07 |
15-06-07 |
Active |
NO |
|
Name : |
Mr. Mahesh Kumar |
|
Designation : |
Director |
|
Address : |
331, Pana Udyan, Narela, |
|
Date of Birth/Age : |
04.07.1970 |
|
Date of Appointment : |
01.07.2011 |
|
Din No.: |
02368461 |
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 |
U51909DL2007PTC164842 |
RS UNIQUE TRADING
COMPANY PRIVATE LIMITED |
Director |
01-07-11 |
01-07-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Ramesh Kumar Sharma |
250000 |
25.00 |
|
Jitendra Kumar |
250000 |
25.00 |
|
Sushila Devi |
250000 |
25.00 |
|
Mahesh Kumar |
250000 |
25.00 |
|
Total |
1000000 |
100.00 |
AS ON 30.09.2011
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of electrical and electronic goods. |
GENERAL INFORMATION
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Customers : |
Vikas Electronics ( |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S. DARYANI AND ASSOCIATES Chartered Accountant |
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Address : |
P – 16, LGF, Malviya Nagar, |
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Tel. No.: |
91-11-46042048 |
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Fax No.: |
91-11-46042048 |
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Pan No.: |
ABPPD0710L |
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E-Mail : |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Share |
Rs.10/- each |
Rs. 10.000 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Share |
Rs.10/- each |
Rs. 5.000 Millions |
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|
|
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After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Share |
Rs.10/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
1000000 |
Equity Share |
Rs.10/- each |
Rs. 10.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
5.000 |
5.000 |
3.333 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.762 |
0.000 |
1.198 |
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4] (Accumulated Losses) |
0.000 |
(0.240) |
0.000 |
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NETWORTH |
5.762 |
4.760 |
4.531 |
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LOAN FUNDS |
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1] Secured Loans |
29.731 |
12.574 |
13.280 |
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2] Unsecured Loans |
0.635 |
2.525 |
5.036 |
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TOTAL BORROWING |
30.366 |
15.099 |
18.316 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
36.128 |
19.859 |
22.847 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.783 |
0.889 |
0.798 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
1.400 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
18.262
|
4.249
|
13.155 |
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Sundry Debtors |
21.367
|
26.786
|
28.006 |
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Cash & Bank Balances |
0.873
|
0.961
|
0.747 |
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Other Current Assets |
1.514
|
0.360
|
0.000 |
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Loans & Advances |
8.104
|
0.000
|
1.803 |
|
Total
Current Assets |
50.120
|
32.356
|
43.711 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
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Sundry Creditor |
16.204
|
13.350
|
21.387 |
|
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Other Current Liabilities |
0.110
|
0.125
|
0.152 |
|
|
Provisions |
0.000
|
0.000
|
0.229 |
|
Total
Current Liabilities |
16.314
|
13.475
|
21.768 |
|
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Net Current Assets |
33.806
|
18.881
|
21.943 |
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MISCELLANEOUS EXPENSES |
0.139 |
0.089 |
0.106 |
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TOTAL |
36.128 |
19.859 |
22.847 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
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SALES |
|
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|
|
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Income |
126.894 |
97.496 |
126.286 |
|
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Other Income |
7.762 |
5.613 |
10.785 |
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TOTAL (A) |
134.656 |
103.109 |
137.071 |
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Less |
EXPENSES |
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Cost of goods sold |
121.834 |
98.226 |
128.513 |
|
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Cartage |
3.568 |
0.328 |
0.410 |
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Administrative and selling expenses |
0.877 |
0.505 |
0.864 |
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Personnel expenses |
1.623 |
1.299 |
1.754 |
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Others |
0.000 |
0.000 |
0.882 |
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Preliminary expenses written off |
0.000 |
0.017 |
0.017 |
|
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TOTAL (B) |
127.902 |
100.375 |
132.44 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.754 |
2.734 |
4.631 |
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Less |
FINANCIAL
EXPENSES (D) |
5.585 |
4.015 |
3.797 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.169 |
(1.281) |
0.834 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.167 |
0.157 |
0.156 |
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PROFIT BEFORE
TAX (E-F) (G) |
1.002 |
(1.438) |
0.678 |
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Less |
TAX (H) |
0.000 |
0.000 |
0.230 |
|
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PROFIT AFTER TAX
(G-H) (I) |
1.002 |
(1.438) |
0.448 |
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|
Earnings Per
Share (Rs.) |
2.00 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.74
|
(1.39)
|
0.49 |
|
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Net Profit Margin (PBT/Sales) |
(%) |
0.79
|
(1.47)
|
0.54 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.97
|
(4.33)
|
1.52 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
(0.30)
|
0.15 |
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
8.10
|
6.00
|
8.85 |
|
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|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
3.07
|
2.40
|
2.00 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
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2. Locality of the firm |
Yes |
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3. Constructions of the firm |
Yes |
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4. Premises details |
No |
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5. Type of Business |
Yes |
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6. Line of Business |
Yes |
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7. Promoter’s background |
Yes |
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8. No. of Employees |
No |
|
9. Name of person contacted |
No |
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10. Designation of contact person |
No |
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11. Turnover of firm for last three years |
Yes |
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12. Profitability for last three years |
Yes |
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13. Reasons for variation <> 20% |
---------- |
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14. Estimation for coming financial year |
No |
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15. Capital in the business |
Yes |
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16. Details of sister concerns |
No |
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17. Major suppliers |
No |
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18. Major customers |
Yes |
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19. Payments terms |
No |
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20. Export / Import details |
No |
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21. Market information |
--------- |
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22. Litigations that the firm / promoter involved |
--------- |
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23. Banking Details |
Yes |
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24. Banking facility details |
Yes |
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25. Conduct of the banking account |
--------- |
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26. Buyer visit details |
----------- |
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27. Financials, if provided |
Yes |
|
28. Incorporation details, if applicable |
Yes |
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29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
Banker Charges:
|
Corporate
identity number of the company |
U51909DL2007PTC164842 |
|
Name of the company
|
RS UNIQUE TRADING
COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
54 A, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Others |
|
Particular of
charge holder |
IDBI Bank Limited, Email: sameer.kumar@idbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Loan cum
hypothecation agreement |
|
Date of
instrument Creating the charge |
17.06.2010 |
|
Amount secured by
the charge |
Rs. 30.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest BPLR +0.25%,
i.e., 13.00% (BPLR being 12.75% presently). Payable monthly. Terms of Repayment On demand Margin 25% on stock
& 25% on debtors (up to 90 days). Extent and Operation of the charge Hypothecation of
stock of all types of electronic items like LCDs, washing machines, etc and
book debts upto 90 days. Others The above is to
secure the cash credit limits |
|
Short particulars
of the property charged |
Hypothecation of
stock of all types of electronic items like LCDs, washing machines, etc and
book debts upto 90 days. |
Fixed Assets:
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. 51.50 |
|
|
1 |
Rs. 67.54 |
|
Euro |
1 |
Rs. 81.98 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
28 |
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.