MIRA
INFORM REPORT
|
Report Date : |
10.12.2012 |
IDENTIFICATION DETAILS
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Name : |
RASHI PERIPHERALS PRIVATE LIMITED |
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Registered
Office : |
5th Floor, Ariisto House, Telli Galli Corner,
Andheri (East), Mumbai-400069, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
15.03.1989 |
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Com. Reg. No.: |
11-051039 |
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Capital
Investment / Paid-up Capital : |
Rs. 9.949 Millions |
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CIN No.: [Company Identification
No.] |
U30007MH1989PTC051039 |
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IEC No.: |
0389007285 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14063A |
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PAN No.: [Permanent Account No.] |
AAACR2162H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer and Distributor of Computer Peripherals. |
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No. of Employees : |
1000 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1800000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having satisfactory track. Financial position of the company appears to be good. The latest financial is missing from government department. However, from the previous year company performance seems good. Trade relation are reported to be fair. Business is active. Payment are reported to be usually correct and as per commitment. The company can be considered for business dealing at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB (Long term Rating) |
|
Rating Explanation |
Moderate degree of safety it carry moderate risk |
|
Date |
13.02.2012 |
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Rating Agency Name |
CRISIL |
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Rating |
A3 (Short term Rating) |
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Rating Explanation |
Moderate degree of safety it carry higher credit risk |
|
Date |
13.02.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Navin Agarwal |
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Designation : |
Finance Manager |
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Contact No.: |
91-9819556533 |
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Date : |
08.12.2012 |
LOCATIONS
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Registered / Corporate Office : |
5th Floor, Ariisto House, Telli Galli Corner,
Andheri (East), Mumbai-400069, |
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Tel. No.: |
91-22-61771788 |
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Mobile No. : |
91-9819556533 (Mr. Navin Agarwal) |
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Fax No.: |
91-22-61771999/67090999 |
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E-Mail : |
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Website: |
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Area: |
1000 sq.ft. |
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Location : |
Owned |
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Warehouse : |
Rashi Complex, 186, Dongri Pada, Poman Village, Bhiwandi Road, Vasai (East), District Thane, Maharashtra, India |
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RMA Department : |
101, |
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Mumbai Sales : |
C-205, Cinthofine Industrial Estate, Behind Virwani
Industrial Area, Goregoan (East), Mumbai - 400063, |
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Lamington : |
52/C, Chotani Bldg, 2nd Floor, Proctor Road, Jyoti Estate,
Grandroad (East), Mumbai – 400007, Maharashtra, India |
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Branch Office : |
·
F – 10,Chirag Industrial Complex, 39/40
Golden Industrial Estate, Dabhel, ·
Shop No.1, Dukle Heaven, Opposite
Dukle Residency, Near Yamaha Show
Room, Tambdimatti, St. Inez,
Panaji-403002, Goa, India ·
Near Rohit Jewellery, ·
Shop No.8,Tulsi Apartment, South
Kasba, ·
Archit Vihar, C Wing, Shop No.3,
Opposited Shrirang Mangal Apartment, Near Vidya Vikas Hospital, Bhavik Nagar,
Gangapur Road, Nasik-422005, Maharashtra, India ·
Shop No.4, X-69, ·
519, Ravivar Peth (East),
Madhavnagar, Sangli - 416406, ·
6, 29/1, Sent ·
Ground Floor, Plot No. 60, ·
Renuka Niwas, Sant Kanwarram Ward,
Rajapeth, Amrawati-444606, ·
414 Sterling Centre, ·
FF-17, 19-24, Maruti Centre, Above
Punjab Honda, Near ·
Shree Valabh Sadan, 25/38 New Jagnath
Plot, B/h, ·
1/788-789-793, ·
F1/124, ·
205/206/207 ·
House No. 90, 1st Floor, Rachna
Nagar, ·
B-1, 1st Floor, Sneh Vihar
Apartment, ·
·
1st Floor, Mohan Niwas,
Near Ratan Hotel, Link Road, Bilaspur - 495001, Chattisgarh, India ·
·
Shop No. 9, ·
Door No.4-2-237/12(1), Laxmi Ganesh,
Bharathi Nagar, Bejai, Mangalore-575004, ·
·
45, ·
D-62, 1st Floor, ·
154, ·
Anbagam Complex no.6, 1st
Floor, Deivabigamani st Sanjai Gandhi Nagar, Pondicherry-605013, ·
126, ·
D.No. 36-10-3/1, 1st
Floor, Opposite Madhu Kalamandapam, Mogalrajapuram, Vijaywada - 520 010, ·
Door No.46-7-35, Visram Arcade,
Danavaipeta, Rajahmundry-533103, ·
D.No.46-19-14, 1st Floor,
Mandavaripet, Dondaparthy, Vishakhapatnam-530016, ·
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-695003, ·
5/1366, 2nd Floor, Salnalia
Apartment, ·
House No.11/765, Sobha Sadaanam,
Erayilkadavu, Kottayam-686001, ·
312A/314 Mansarovar, 90, ·
107, Satya Bhawan, Wazirpur
Commercial Complex, New Delhi-110052, ·
D-258-A, Devi Marg, ·
8/67, Gokhale Vihar Marg,
Lucknow-226001, ·
E-29, Opposite Chhavildagh Public
School, Ground Floor, Patel Nagar 2nd, Ghaziabad-201009, Uttar
Pradesh, India ·
Ground Floor, D-64/68 B-KA, Govind
Nagar, Colony Sigra, Mehmoorganj Road, Varanasi-221001, Uttar Pradesh, India ·
·
1st Floor, 11, ·
Plot No. 181/23, Ground Floor,
Industrial Area, Phase – 1 , Chandigarh-160002, ·
H.No.788/A, Behind Shiv ICE Creambar,
Last More, Gandhinagar, Jammu-180004, ·
Chauhan Complex, Hotel Park Inn,
Ground Floor, ·
15-A, 2nd Floor, Near Avtar Sweet
Shop, Friends Colony, Model Gram, Ludhiana-141002, ·
#11, 3rd Floor, ·
H.No.29 Chotti Market, ·
19, ·
45 Najrul Sarani, 1st
Floor, Hakimpara, Siliguri, Dist.Darjeeling, West Bengal - 734 001, ·
270, 1st Floor Near
Meghdoot Hotel, Sahid Nagar, Bubneshwar - 751007, ·
Opposite Bagroy House, Holding
No.467/C1, ·
House of Brij Mohan Singh, Opposite Post Office, Jamal Road, ·
House No.3, Sikaria Complex, 1st
Floor, ·
12/9 Sarojini Naidu Path, City
Centre, Durgapur-713216, West ·
Plot no.3, 2nd Floor, Near
Adeshwar Tower, Above Indian Bank, Mehra infocom, 4th Main Chopasni Road,
Jodhpur-342003, |
DIRECTORS
As on 07.06.2012
|
Name : |
Mr. Suresh Mahavirprasad Pansari |
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Designation : |
Director |
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Address : |
801, Shubh Angab, 5th Floor, N S Road, JVPD Scheme, Vile Parle (West),
Mumbai – 400056, |
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Qualification: |
B. Com. / FCA |
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Date of Birth/Age : |
11.06.1954 |
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Date of Appointment : |
15.12.1989 |
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DIN No.: |
00215712 |
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Name : |
Mr. Krishnakumar Radheshyam Choudhary |
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Designation : |
Director |
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Address : |
401, Shubh Angab, 5th Floor, N S Road, JVPD Scheme, Vile Parle (West),
Mumbai – 400056, |
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Qualification: |
B. Com. / FCA |
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Date of Birth/Age : |
28.10.1955 |
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Date of Appointment : |
28.02.1997 |
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DIN No.: |
00215919 |
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Name : |
Mr. Kapal Suresh Pansari |
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Designation : |
Director |
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Address : |
801, Shubh Angan, 5th Floor, |
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Qualification: |
B. Com / MBA |
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Date of Birth/Age : |
21.12.1983 |
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Date of Appointment : |
07.09.2007 |
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DIN No.: |
00215510 |
KEY EXECUTIVES
|
Name : |
Mr. Navin Agarwal |
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Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 07.06.2012
|
Names of Shareholders |
No. of Shares |
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Manju Pansari |
116875 |
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K.K. Choudhary jointly Meena Choudhary |
95000 |
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Meena Choudhary jointly Manju Pansari, K.K. Choudhary HUF Suresh Pansari HUF |
116500 |
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Suresh Pansari |
124375 |
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Meena Choudhary |
68375 |
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K.K. Choudhary Karta of K.K. Choudhary HUF |
7500 |
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Suresh Pansari Karta of Suresh Pansari HUF |
4400 |
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Kapal Pansari |
73500 |
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Chaman Pansari |
57000 |
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Master Keshav Choudhary through F and NG K.K. Choudhary |
176000 |
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|
30875 |
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Rajesh Attal |
122855 |
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Priyanka Kapal Pasari |
1600 |
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Total |
994855 |
Equity Share Break up (Percentage of Total Equity)
As on 07.06.2012
|
Category |
Percentage |
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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 |
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Others |
88.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Dealer and Distributor of Computer Peripherals. |
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Agencies Held : |
·
APC ·
Logitech ·
Sony ·
ASUS |
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Terms : |
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Selling : |
Cash/ Credit |
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Purchasing : |
Cash/ Credit |
GENERAL INFORMATION
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Suppliers : |
Ingram Micro India Limited |
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Customers : |
Corporate and End Users ·
Reliance Digital |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
· Citi Bank ·
State Bank of ·
ABN Amro Bank, Mumbai, ·
Standard Chartered Bank, 90, · HDFC Bank Limited, 2nd Floor, Process House, Kamala Mills, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India ·
HDFC Bank Limited, Andheri, Mumbai, ·
The Saraswat Co-operative Bank Limited ·
Standard Chartered Bank, Fort, Mumbai, ·
HDFC Bank Limited, Fort, Mumbai, |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution: |
Indiabulls Housing Finance Limited, F-60, |
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Auditors : |
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Name : |
ASL and Company Chartered Accountants |
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Address : |
102, Gauresh Apartments, Agarkar Chowk, Old Police Line,
Andheri (E), Mumbai – 400069, |
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Tel No. : |
91-22-26841173 |
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Fax No. : |
91-22-26842206 |
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E-Mail : |
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PAN No.: |
AAAFC1257B |
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Associates : (31.03.2010) |
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Subsidiaries : |
·
Rashi Peripherals Pte Limited, |
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Sisters Concern: |
·
Uni Products ·
Sanwaria Texpro Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
994855 |
Equity Shares |
Rs.10/- each |
Rs.9.949 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 |
9.949 |
9.949 |
9.949 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
443.831 |
358.537 |
306.432 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
453.780 |
368.486 |
316.381 |
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LOAN FUNDS |
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1] Secured Loans |
643.170 |
436.573 |
371.406 |
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2] Unsecured Loans |
9.053 |
37.879 |
64.698 |
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TOTAL BORROWING |
652.223 |
474.452 |
436.104 |
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DEFERRED TAX LIABILITIES |
4.510 |
1.694 |
1.409 |
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TOTAL |
1110.513 |
844.632 |
753.894 |
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APPLICATION OF FUNDS |
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zFIXED ASSETS [Net Block] |
215.861 |
68.762 |
59.731 |
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Capital work-in-progress |
2.818 |
0.000 |
0.000 |
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INVESTMENT |
9.810 |
1.176 |
0.931 |
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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 |
1210.961
|
845.521
|
711.814 |
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Sundry Debtors |
1026.614
|
903.160
|
705.903 |
|
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Cash & Bank Balances |
3.500
|
0.574
|
0.735 |
|
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Other Current Assets |
0.000
|
0.000
|
0.000 |
|
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Loans & Advances |
166.693
|
233.942
|
200.221 |
|
Total
Current Assets |
2407.768
|
1983.197
|
1618.673 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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|
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Sundry Creditors |
1102.850
|
1102.850
|
881.299 |
|
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Other Current Liabilities |
420.812
|
99.815
|
43.466 |
|
|
Provisions |
2.082
|
5.838
|
0.676 |
|
Total
Current Liabilities |
1525.744
|
1208.503
|
925.441 |
|
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Net Current Assets |
882.024
|
774.694
|
693.232 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1110.513 |
844.632 |
753.894 |
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PROFIT & LOSS
ACCOUNT
|
Particulars |
|
|
31.03.2012 |
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Sales Turnover (Approximately) |
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|
15000.000 |
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Expected Sales (2012-2013): Rs. 17500.000 millions
The above information has been parted by Mr. Navin Agarwal (Finance Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total
Income |
(%) |
0.79
|
0.64
|
0.46 |
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|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
0.76 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
4.97
|
3.92
|
3.20 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.22
|
0.17 |
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Debt Equity Ratio (Total Liability/Networth) |
|
4.80
|
4.57
|
4.30 |
|
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|
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Current Ratio (Current Asset/Current Liability) |
|
1.58
|
1.64
|
1.75 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS
|
Particulars |
As on 31.03.2011 Rs. in millions |
As on 31.03.2010 Rs. in millions |
As on 31.03.2009 Rs. in millions |
|
Sundry Creditors |
1102.850 |
1102.850 |
881.299 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
The Registered office of the company has been shifted from 102,
Dhanthak Plaza, Makwana Road, Marol, Andheri (East), Mumbai – 400 059,
Maharashtra, India to the present address w.e.f. 16.04.2012
OPERATIONS:
During the year, the turnover of the Company stood at Rs.10976.000 Millions as against Rs. 8376.300 Millions in the previous year, registering an annual growth of over 31% and crossing Rs.10000.000 Millions a milestone for the first time, profit before taxation Rs.130.300 Millions. The profit after taxation increased similarly by 62% from Rs.53.300 Millions to Rs. 86.500 Millions.
During the year, the Company has added distribution products
of some new brands like Lenova and
Viewsonic. The Company has also ventured in distribution of Mobile phones for
the first time with brands like Asus and Audiovox. The launched of this product
reasonable and we expect good growth in year to come. The company has also
opened several new branches in
Indian I.T. hardware Industry has witnessed a turnaround during the year. Foreign exchange rate has been favourable during second half of the year.
Their 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.
BANKERS CHARGES REPORT AS PER REGISTRY
|
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 |
5th Floor, Ariisto House, Telli Galli Corner, Andheri
(East), Mumbai, Maharashtra- 400069, Email: navina@rptechindia.com
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|
This form is for |
Modification of charge |
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Charge identification (ID) number of the charge to be modified |
10024338 |
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Type of charge |
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Particular of charge holder |
HDFC Bank Limited, House Senapati Bapat Marg, Lower Parel, Mumbai –
400013, Email: swatijai.gupta@hdfcbank.com
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Nature of instrument creating charge |
Fifth supplimental letter of hypothecation of stocks, book debts and
machinery |
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Date of instrument Creating the charge |
22.09.2012 |
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Amount secured by the charge |
Rs. 490.000 millions |
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Brief 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 & Machinery of a
sufficient quantity & 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 as absolute discretion for granting or
continuance of said credit facility |
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Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
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 fixture, computers,
electric equipments, office equipments and other movable properties at Company's factories, offices and Godawns. |
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Date of instrument modifying the charge |
31.05.2011 |
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Particulars of the present modification |
Vide this modification Existing charge on company current Assets and
Movable Assets , both present and future has been extended for the credit
facilities from Rs. 440.000 millions to Rs.490.000 millions |
FIXED ASSETS:
- Premises
- Plant and Machinery
- Computers
- Furniture and Fixtures
- Electrical Fittings
- Office Equipments
- Vehicles
- Capital WIP
PRESS RELEASE
Toshiba appoints Rashi Peripherals as National Distributor
Toshiba today announced its tie-up with
leading IT hardware distributor Rashi Peripherals Private Limited for its
entire range of External Hard Drives throughout
According to the recent survey
conducted by Impulse Research and sponsored by Toshiba, 70 percent of consumers
have lost some type of data on their computers. The vast majorities 89 percent
of consumers are aware of the importance of regularly backing up their
computers to avoid valuable data losses; however, most (57 percent) never back
up or only do it when they think of it.
Mr. Mitsuhiro Okada, President of
Toshiba Digital Media Network Taiwan Corporation, said, "We are pleased to
announce that Toshiba has engaged Rashi Peripherals as our partner, to deliver
Toshiba external drive benefits to India consumers, by utilizing Rashi's strong
network and presence in the Indian market".
Toshiba is known worldwide for its
proven ability to develop new cutting edge technologies being a key player in
the development of computing technologies and product innovations. Their range
of Portable hard disk drive is designed specifically for an easy to use
computer back up solution with capacities ranging from 320 GB to 1 TB. With the
markets showing positive growth sentiments and increased use of computers both
a home and office external hard drives have become all rage and necessity. To
start with Rashi will distribute Toshiba range of external hard drives and later
on will also introduce mobile hard drives for laptops and HDD casings.
"We are extremely delighted to
join hands with Toshiba as it is not only a renowned name in the Hard drives
segment but is also known to be a good value solution provider for the technology
savvy customers. With the markets booming and increase in usage of computers
widely, the demand for storage options like HDDs is just going to increase and
Rashi' branch network panning across India will be able to take Toshiba hard
drives solution to greater heights", said Mr. Kapal Pansari, Director -
Marketing, Rashi Peripherals Private Limited
Rashi with its network of 54 branches
and close partnership with the System Integrators (SIs) and LFRs is sure to
provide excellent solutions for the computing segment.
Notes to Editor
About Toshiba
Toshiba Digital Media Network Taiwan
Corporation, under the Toshiba Storage Device Division, was founded in 2001 and
is responsible for the sales and marketing promotion and support of Toshiba hard
disk drives and Toshiba External HDDs in
About Rashi Peripherals Private Limited
Rashi is one of the leading
distribution Companies in India with distribution of world famous brands like
ADATA, AMD, ALTEC LANSING, APC, ASUS, COMPEX, FUJITSU, HP, HP Networking, LEADTEK,
LOGITECH, NETGEAR, NEXANS, PIXELVIEW, PLANTRONICS, SANDISK, SONY, TARGUS,
TOSHIBA and XFX. Rashi has its own ISO 9001:2001 accredited RP Tech Branded
Systems. Its products comprise mostly high end, quality and premium range.
Rashi has grown consistently over the period of years with a turnover of Rs.
8350.000 millions for the financial year 2009-10. Today Rashi has 54 Branches
all across the country and more than 9000 reseller base who are working
together with the company for distribution of its brands.
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.54.20 |
|
|
1 |
Rs.86.99 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
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|
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|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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|
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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42 |
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 |
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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.