1. Summary Information
|
Country |
|
||
|
Company Name |
RUSHABH AUTOMOBILE PRIVATE LIMITED |
Principal Name 1 |
MR. MEHULBHAI POPATLAL DHOLAKIYA |
|
Status |
MODERATE |
Principal Name 2 |
MR. MINESHKUMAR POPATLAL DHOLAKIYA |
|
Registration # |
55-182855 |
||
|
Street Address |
D-98, KAMLA NAGAR, |
||
|
Established Date |
04.09.2008 |
SIC Code |
-- |
|
Telephone# |
NOT AVAILABLE |
Business Style 1 |
TRADER |
|
Fax # |
NOT AVAILABLE |
Business Style 2 |
-- |
|
Homepage |
NOT AVAILABLE |
Product Name 1 |
MOTOR PARTS |
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
MOTOR ACCESSORIES |
|
Paid up capital |
RS.537,500/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE-81.00% DIRECTORS OR RELATIVES OF DIRECTORS-19.00% |
Banking |
CENTRAL
BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
4 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,111,000
|
Current Liabilities |
2,136,000
|
|
Inventories |
15,662,000
|
Long-term Liabilities |
5,708,000 |
|
Fixed Assets |
303,000 |
Other Liabilities |
142,000
|
|
Deferred Assets |
0,000 |
Total Liabilities |
7,986,000 |
|
Invest& other Assets |
360,000 |
Retained Earnings |
6,912,000 |
|
|
|
Net Worth |
9,450,000 |
|
Total Assets |
17,436,000 |
Total Liab. & Equity |
17,436,000 |
|
Total Assets (Previous Year) |
11,071,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
NA |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
NA |
|
Report Date : |
15.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
RUSHABH AUTOMOBILE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-98, Kamla Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.09.2008 |
|
|
|
|
Com. Reg. No.: |
55-182855 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.538
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109DL2008PTC182855 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR19386D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECR1078A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Motor Parts and Motor Accessories. |
|
|
|
|
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 38000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profitability
of the company appears to be low. However, trade relations are reported as fair. Business is active.
Payment terms are slow. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
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.
LOCATIONS
|
Registered Office : |
D-98, Kamla Nagar, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
2719, |
|
Tel. No.: |
91-11-23958108/ 64745501 |
|
Fax No.: |
91-11-23939221 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Mehulbhai Popatlal Dholakiya |
|
Designation : |
Director |
|
Address : |
15, Niharika Bunglow, Opposite Puja Apartment, Nr |
|
Date of Birth/Age : |
04.03.1963 |
|
Date of Appointment : |
04.09.2008 |
|
DIN No.: |
00472104 |
|
|
|
|
Name : |
Mr. Mineshkumar Popatlal Dholakiya |
|
Designation : |
Director |
|
Address : |
15, Niharika Bunglow, Opposite Puja Apartment, Near |
|
Date of Birth/Age : |
28.06.1967 |
|
Date of Appointment : |
04.09.2008 |
|
DIN No.: |
00474222 |
|
|
|
|
Name : |
Mr. Dipen Dilip Dholakiya |
|
Designation : |
Director |
|
Address : |
D-98, Kamla Nagar, |
|
Date of Birth/Age : |
03.12.1984 |
|
Date of Appointment : |
04.09.2008 |
|
DIN No.: |
00497366 |
|
|
|
|
Name : |
Mr. Jignesh Popatlal Dholakiya |
|
Designation : |
Director |
|
Address : |
D-98, Kamla Nagar, |
|
Date of Birth/Age : |
20.12.1972 |
|
Date of Appointment : |
04.09.2008 |
|
DIN No.: |
00497447 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dipen Dilip Dholakiya |
|
2500 |
|
Jignesh Popatlal Dholakiya |
|
2500 |
|
Mehulbhai Popatlal Dholakiya |
|
2500 |
|
Mineshkumar Popatlal Dholakiya |
|
2500 |
|
Ashok Propon Private Limited, |
|
6250 |
|
DF Hydro Power Projects Limited, |
|
6250 |
|
Omkar Terry Towels Private Limited, |
|
6250 |
|
Sannidhya Trade Link Private Limited, |
|
6250 |
|
Shivani Tradecom Private Limited, |
|
6250 |
|
Shree Ji Broking Private Limited, |
|
6250 |
|
Vishal Realty Management Limited, |
|
6250 |
|
Total |
|
53750 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
81.00 |
|
Directors
or relatives of directors |
|
19.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Motor Parts and Motor Accessories. |
|
|
|
GENERAL INFORMATION
|
Suppliers : |
v
Auto Creators v
Inland Road Transport (Private) Limited v
Sunrise Autoworld Private Limited v
Amba Automotive v
Nimbus Motors Private Limited v
Vinu Auto Parts |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
v
Dass Automotive v
Dipen Motors v
v
Roshanara Club Limited v
Samara India Private Limited v
Shakti Automobiles v
Tirth Motors |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
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|
|
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Bankers : |
Central Bank of |
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajeev Trilok and Company Chartered Accountants |
|
Address : |
1/130, Bazar Ganda Nala, Kashmere Gate, |
|
Tel. No.: |
91-11-23956232/ 23960332 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAKPA4776D |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
53750 |
Equity Shares |
Rs.10/- each |
Rs.0.538
million |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
53750 |
Equity Shares |
Rs.10/- each |
Rs.0.538
million |
|
|
|
|
|
The reconciliation of the number of shares outstanding is set out below:
|
Particulars |
Equity Shares |
|
|
Number |
Amount (Rs. in
millions) |
|
|
Shares outstanding
at the beginning of the year |
10000 |
0.100 |
|
Shares Issued
during the year |
43750 |
0.438 |
|
Shares bought
back during the year |
-- |
-- |
|
Shares
outstanding at the end of the year |
53750 |
0.538 |
The detail of shareholders holding more than 5% shares as at March 31,
2012 is set out below:
|
Names of
Shareholder |
As at 31st
March, 2012 |
|
|
No. of Shares |
% of Holding |
|
|
1.
Ashok Propon Private Limited, |
6250 |
11.63 |
|
2.
DF Hydro Power Projects Limited, |
6250 |
11.63 |
|
3.
Omkar Terry Towels Private Limited, |
6250 |
11.63 |
|
4.
Sannidhya Trade Link Private Limited, |
6250 |
11.63 |
|
5.
Shivani Tradecom Private Limited, |
6250 |
11.63 |
|
6.
Shree Ji Broking Private Limited, |
6250 |
11.63 |
|
7.
Vishal Realty Management Limited, |
6250 |
11.63 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.538 |
0.100 |
0.100 |
|
|
2] Share Application Money |
2.000 |
9.000 |
0.000 |
|
|
3] Reserves & Surplus |
6.912 |
0.065 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.025) |
|
|
NETWORTH |
9.450 |
9.165 |
0.075 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.600 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1.108 |
1.000 |
0.035 |
|
|
TOTAL BORROWING |
5.708 |
1.000 |
0.035 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
15.158 |
10.165 |
0.110 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.303 |
0.017 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.360 |
0.360 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
15.662
|
9.272 |
0.000 |
|
|
Sundry Debtors |
0.583
|
0.613 |
0.000 |
|
|
Cash & Bank Balances |
0.428
|
0.437 |
0.087 |
|
|
Other Current Assets |
0.100
|
0.372 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
16.773
|
10.694 |
0.087 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.569
|
0.605 |
0.005 |
|
|
Other Current Liabilities |
0.567
|
0.252 |
0.000 |
|
|
Provisions |
0.142
|
0.049 |
0.000 |
|
Total
Current Liabilities |
2.278
|
0.906 |
0.005 |
|
|
Net Current Assets |
14.495
|
9.788 |
0.082 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.028 |
|
|
|
|
|
|
|
|
TOTAL |
15.158 |
10.165 |
0.110 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.419 |
0.160 |
(0.013) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.45
|
1.49 |
(14.94) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.02 |
(0.17) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.85
|
0.21 |
0.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.36
|
11.80 |
17.40 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
No |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
No |
|
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 |
No |
OPERATIONS:
The company deals in trading of motor parts and motor accessories.
FINANCIAL RESULTS:
In this year, company has earned a net profit of Rs.0.419 million before
providing for income tax.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U51109DL2008PTC182855 |
|
Name of the
company |
RUSHABH AUTOMOBILE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
D-98, Kamla Nagar, E-Mail: sanjayginni94@rediffmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Central Bank of E-Mail: sanjayginni94@rediffmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Overdraft
Agreement |
|
Date of
instrument Creating the charge |
23.11.2011 |
|
Amount secured by
the charge |
Rs.5.000 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Base Rate +3%
p.a. with a minimum of 13.75% p.a. with monthly rests Terms of
Repayment: On Demand Margin: N.A. Extent and
Operation of the charge: 100% |
|
Short particulars
of the property charged |
Equitable
mortgage by depositing the title deed pertaining to Property No. 2719, |
|
Whether any of the property or interest therein under reference is not
registered in the name of the company If yes, in whose name it is registered |
Yes Director and his relative |
FIXED ASSETS:
v
Car
v
Fan
v
Printer
v
Computers
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 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.54.39 |
|
|
1 |
Rs.87.78 |
|
Euro |
1 |
Rs71.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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.