Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
RPK INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Aitor Garcia Sampedro |
|
Status |
Recently Commenced Business |
Principal Name 2 |
Mr. Ajaya Khullar |
|
|
|
Registration # |
11-137818 |
|
Street Address |
Plot No. 1A, Indo Global Industrial Park, Gat No. 1122, 1129, 1140,
1295,1296, Shirwal-412801, Maharashtra |
||
|
Established Date |
14.10.2008 |
SIC Code |
-- |
|
Telephone# |
91-21699-305603 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-21699-305601 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Compression Spring |
|
|
# of employees |
10 (Approximately) |
Product Name 2 |
Wire Forms |
|
Paid up capital |
Rs.
136,987,200/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 99.93% Directors or
relatives of Directors – 0.07% |
Banking |
Not Available |
|
Public Limited Corp. |
No |
Business Period |
4 years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
Ca (17) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
India
|
RPK Sociedad Cooperativa Industrial |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
14,452,000 |
Current Liabilities |
30,831,000 |
|
Inventories |
7,380,000 |
Long-term Liabilities |
15,828,000 |
|
Fixed Assets |
122,923,000 |
Other Liabilities |
8,532,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
55,191,000 |
|
Invest& other Assets |
65,429,000 |
Retained Earnings |
52,766,000 |
|
|
|
Net Worth |
154,993,000 |
|
Total Assets |
210,184,000 |
Total Liab. & Equity |
210,184,000 |
|
Total Assets (Previous Year) |
18,453,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
02.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
RPK INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 1A, Indo Global Industrial Park, Gat No. 1122, 1129, 1140,
1295,1296, Shirwal, Taluka Khandala, Satara, Pune-412801, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
14.10.2008 |
|
|
|
|
Com. Reg. No.: |
11-137818 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 136.987 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909PN2008PTC137818 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNER13222G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECR1576M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Compression Springs, Lension Springs, Torson Springs,
Copper Coils, Rings, Wire Forms, Bending Parts. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (17) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Recently Commenced Business |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Though the company was incorporated in the year 2008, it has recently
started it’s business activity in the year 2010-11. Trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings on a secured trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Plot No. 1A, Indo Global Industrial Park, Gat No. 1122, 1129, 1140,
1295,1296, Shirwal, Taluka Khandala, Satara, Pune-412801, Maharashtra, India |
|
Tel. No.: |
91-21699-305603 |
|
Fax No.: |
91-21699-305601 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 10.09.2010
|
Name : |
Mr. Aitor Garcia Sampedro |
|
Designation : |
Managing Director |
|
Address : |
Pseo La Zumaquera 166B, |
|
Date of Birth/Age : |
27.06.1976 |
|
Date of Appointment : |
05.02.2009 |
|
DIN No.: |
02555308 |
|
|
|
|
Name : |
Mr. Ignacio Barrio Llaguno |
|
Designation : |
Director |
|
Address : |
C General Alava 76 62 Gasteiz, |
|
Date of Birth/Age : |
20.08.1964 |
|
Date of Appointment : |
14.10.2008 |
|
DIN No.: |
02280063 |
|
|
|
|
Name : |
Mr. Ajaya Khullar |
|
Designation : |
Director |
|
Address : |
B-114, Amar Colony, Lajpat Nagar – IV, |
|
Date of Birth/Age : |
14.10.1961 |
|
Date of Appointment : |
14.10.2008 |
|
DIN No.: |
00045331 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1990PTC042222 |
AURIGA
MERKANTILE PRIVATE LIMITED |
Director |
29-11-90 |
29-11-90 |
- |
Active |
NO |
|
2 |
U29120TZ2003PTC010536 |
ORBINOX
INDIA PRIVATE LIMITED |
Director |
03-04-03 |
03-04-03 |
- |
Active |
NO |
|
3 |
U63090TN2005PTC057270 |
ENRIQUE
KELLER INDIA PRIVATE LIMITED |
Director |
24-08-05 |
24-08-05 |
- |
Active |
NO |
|
4 |
U25206PN2006PTC022040 |
WALTER
PACK AUTOMOTIVE PRODUCTS INDIA PRIVATE LIMITED |
Director |
17-02-06 |
17-02-06 |
21-03-10 |
Active |
NO |
|
5 |
U27105AP2006PTC050439 |
CENTAUR
INDIA STEELS AND TOOLS PRIVATE LIMITED |
Director |
23-06-06 |
23-06-06 |
- |
Active |
NO |
|
6 |
U72901HR2006PTC039159 |
LAZER
KEN IT SERVICES INDIA PRIVATE LIMITED |
Director |
11-08-06 |
11-08-06 |
- |
Active |
NO |
|
7 |
U27101TZ2006PTC013193 |
ARIHANT
TECHNOCAST INDIA PRIVATE LIMITED |
Director |
27-05-08 |
27-05-08 |
- |
Active |
NO |
|
8 |
U51909HR2008PTC038055 |
JMA
KEYS INDIA PRIVATE LIMITED |
Director |
18-06-08 |
18-06-08 |
- |
Active |
NO |
|
9 |
U51909PN2008PTC137818 |
RPK
INDIA PRIVATE LIMITED |
Director |
14-10-08 |
14-10-08 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.09.2010
|
Names of Shareholders |
No. of Shares |
|
Llaguno Barrio Ignacio |
7500 |
|
Ajaya Khullar |
3500 |
|
RPK Sociedad Cooperativa Industries, Spain |
14669009 |
|
Total |
14680009 |
AS ON 10.09.2010
|
Equity Shares
Break Up |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
99.93 |
|
Directors or relatives of Directors |
0.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Compression Springs, Lension Springs, Torson Springs,
Copper Coils, Rings, Wire Forms, Bending Parts. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Compression Spring |
Nos. |
140,000,000 |
2,993,521 |
|
Wire Forms |
Nos. |
21,600,000 |
750,480 |
GENERAL INFORMATION
|
No. of Employees : |
10 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashim and Associates Chartered Accountant |
|
Address : |
E-36, Greater Kailash -1, |
|
|
|
|
Holding Company : |
RPK Sociedad Cooperativa Industrial |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs. 150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13698720 |
Equity Shares |
Rs.10/- each |
Rs. 136.987
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22500000 |
Equity Shares |
Rs.10/- each |
Rs. 225.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14680009 |
Equity Shares |
Rs.10/- each |
Rs. 146.800 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
136.987 |
5.071 |
0.286 |
|
|
2] Share Capital – Pending Allotment |
1.572 |
12.954 |
0.418 |
|
|
3] Reserves & Surplus |
52.766 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(36.332) |
0.000 |
0.000 |
|
|
NETWORTH |
154.993 |
18.025 |
0.704 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
15.828 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
15.828 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
OTHER LIABILITIES |
8.351 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
179.172 |
18.025 |
0.704 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
122.923 |
1.178 |
0.000 |
|
|
Capital work-in-progress |
65.429 |
11.383 |
0.100 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.380
|
0.000
|
0.000 |
|
|
Sundry Debtors |
1.577
|
0.000
|
0.000 |
|
|
Cash & Bank Balances |
2.885
|
3.504
|
0.509 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
9.990
|
0.234
|
0.000 |
|
Total
Current Assets |
21.832
|
3.738
|
0.509 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
28.937
|
0.011
|
0.000 |
|
|
Other Current Liabilities |
1.894
|
0.417
|
0.021 |
|
|
Provisions |
0.181
|
0.000
|
0.000 |
|
Total
Current Liabilities |
31.012
|
0.428
|
0.021 |
|
|
Net Current Assets |
(9.180)
|
3.310
|
0.488 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
2.154 |
0.116 |
|
|
|
|
|
|
|
|
TOTAL |
179.172 |
18.025 |
0.704 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.30
|
0.02 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.70
|
8.73 |
24.24 |
LOCAL AGENCY FURTHER INFORMATION
NOTE
Registered office has been shifted from 74/74A, Plot No. F-II, MIDC,
Pimpri, Pune – 411018, Maharashtra, India to the present address w.e.f.
08.08.2011
OPERATIONS AND
PERFORMANCE
A highly
successful and much more favorable year ended 2011. The Company has started the
commercial production and execution of orders at new unit at Shirwal and the
Company is concentrating on the means to generate faster revenues and sustained
growth of the Company.
Directors they
will be able to maintain the growth in terms of Sales and profitability with
new Manufacturing Facilities in Shirwal.
The Directors
expect a bright future and a segment leadership role of the Company in India in
the near to short-term future.
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 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. 48.94 |
|
|
1 |
Rs. 77.95 |
|
Euro |
1 |
Rs. 65.93 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
17 |
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.