1. Summary Information
|
|
|
Country |
|
|
Company Name |
Ramakrishna Teletronics Private Limited |
Principal Name 1 |
Mr. |
|
Status |
Moderate |
Principal Name 2 |
Mr. Raghavendra Vemula |
|
|
|
Registration # |
01-061118 |
|
Street Address |
6-2-976, Flat No.601, 601/A, 6 Floor, Pavani Estate, Khairatabad, |
||
|
Established Date |
18.09.2008 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Dealers |
|
Fax # |
Not Available |
Business Style 2 |
Distributors |
|
Homepage |
Not Available |
Product Name 1 |
Cell Phone |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors – 100% |
Banking |
-- |
|
Public Limited Corp. |
No |
Business Period |
4 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
- |
- |
- |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
76,799,000 |
Current Liabilities |
77,868,000 |
|
Inventories |
69,434,000 |
Long-term Liabilities |
30,041,000 |
|
Fixed Assets |
116,000 |
Other Liabilities |
7,744,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
115,653,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
501,000 |
|
|
|
Net Worth |
30,696,000 |
|
Total Assets |
146,349,000 |
Total Liab. & Equity |
146,349,000 |
|
Total Assets (Previous Year) |
9,598,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
260,000,000 |
Net Profit |
NA |
|
Sales(Previous yr) |
110,000,000 |
Net Profit(Prev.yr) |
NA |
|
Report Date : |
18.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAMAKRISHNA TELETRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6-2-976, Flat No.601, 601/A, 6 Floor, Pavani Estate, Khairatabad, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
18.09.2008 |
|
|
|
|
Com. Reg. No.: |
01-61118 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U93090AP2008PTC061118 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Dealers and Distributors of Cell Phone. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having
moderate track. Last financials are not made available. Business is active. Payments terms are unknown. The company can be considered for business dealings with great
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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
6-2-976, Flat No.601, 601/A, 6 Floor, Pavani Estate, Khairatabad, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Ravi Kumar Vemula |
|
Designation : |
Managing Director |
|
Address : |
51-971 A, SBI Colony, Kurnol – 518004, |
|
Date of Birth/Age : |
15.06.1975 |
|
Date of Appointment : |
18.09.2008 |
|
DIN No.: |
02300568 |
|
|
|
|
Name : |
Mr. Raghavendra Vemula |
|
Designation : |
Director |
|
Address : |
51-971 A, SBI Colony, Kurnol – 518004, |
|
Date of Birth/Age : |
23.03.1972 |
|
Date of Appointment : |
18.09.2008 |
|
DIN No.: |
02300562 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Allottee |
No. of Shares |
|
Ravi Kumar Vemula |
30195 |
|
Raghavendra Vemula |
30195 |
|
TOTAL |
60390 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealers and Distributors of Cell Phone. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Andhra Bank, Main Branch, Kurnool-518004, Andhra Pradesh, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M Nirmal Kumar Reddy and Company Chartered Accountant |
|
Address : |
43/160-3A, N R Peta, |
|
Tel. No.: |
91-8518-227076 |
|
PAN.: |
AIPPM1990C |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000 |
Equity Shares |
Rs.100/- each |
Rs. 8.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60390 |
Equity Shares |
Rs.100/- each |
Rs. 6.039 Millions |
|
|
|
|
|
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000 |
Equity Shares |
Rs.100/- each |
Rs. 8.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/- each |
Rs. 0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
30.095 |
5.842 |
|
|
3] Reserves & Surplus |
|
0.501 |
0.057 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
30.696 |
5.999 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
30.041 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
30.041 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
60.737 |
5.999 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.116 |
0.153 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
69.434 |
4.854 |
|
|
Sundry Debtors |
|
54.259 |
1.871 |
|
|
Cash & Bank Balances |
|
2.240 |
2.020 |
|
|
Other Current Assets |
|
20.300 |
0.000 |
|
|
Loans & Advances |
|
0.000 |
0.700 |
|
Total
Current Assets |
|
146.233 |
9.445 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
77.868 |
3.275 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
7.744 |
0.324 |
|
Total
Current Liabilities |
|
85.612 |
3.599 |
|
|
Net Current Assets |
|
60.621 |
5.846 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
60.737 |
5.999 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
260.000 |
110.000 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.700 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.26 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.48 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.02 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
3.77 |
0.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.71 |
2.62 |
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. Constructions 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 two years |
Yes |
|
12. Profitability for last two 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 |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
OPERATIONS:
The company achieved a turnover pf around Rs.260.00 Millions and a
profit of Rs.0.700 Million before tax.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U93090AP2008PTC061118 |
|
|
Name of the
company |
RAMAKRISHNA TELETRONICS PRIVATE LIMITED |
|
|
Address of the
registered office or of the principal place of business in |
6-2-976, Flat No.601, 601/A, 6 Floor, Pavani Estate, Khairatabad, |
|
|
This form is for |
Modification of
charge |
|
|
Charge
identification number of the charge to be modified |
10208746 |
|
|
Type of charge |
Book Debts Floating Charge |
|
|
Particular of
charge holder |
Andhra Bank, Kurnool-518 004, |
|
|
Nature of
description of the instrument creating or modifying the charge |
Primary Security
On Stocks And Debtors Not Older Than 90 Days For Cash Credit And
Hypothecation Of Stocks |
|
|
Date of
instrument Creating the charge |
22.03.2011 |
|
|
Amount secured by
the charge |
Rs. 130.000
Millions |
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 15.25% Terms of Repayment Cash Credit
Facility For One Year Margin 25% On Fully Paid
Stocks And 50% On Debtors Not Older Than 90 Days. DP Against Debtors To Be
Restricted To 50% of Limits Sanctioned Extent and Operation of the charge Primary Security
On Stocks And Debtors Not Older Than 90 Days For Cash Credit And Hypothecation
of Stocks |
|
|
Short particulars
of the property charged |
Primary Security
on Stocks and Debtors Not Older Than 90 Days For Cash Credit And
Hypothecation of Stocks Collateral
Securities As Per Letter of Sanction |
|
|
Particulars of
the present modification |
OCC Limits
Revised To 130.000 Millions From 50.000 Millions and Canellation of Bank
Guarantee |
|
FIXED ASSETS
·
Furniture and Fittings
·
Computers and Peripherals
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. 55.14 |
|
|
1 |
Rs. 86.29 |
|
Euro |
1 |
Rs. 67.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
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 |
NO |
|
--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 |
|
26 |
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.