MIRA
INFORM REPORT
|
Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
R R DÉCOR PRIVATE LIMITED |
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Registered
Office : |
D-45, Pamposh Enclave, 1st Floor, Grater Kailash, New
Delhi-110048 |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
17.03.2005 |
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Com. Reg. No.: |
55-134141 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.000 Millions |
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CIN No.: [Company Identification
No.] |
U17116DL2005PTC134141 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR11388G |
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PAN No.: [Permanent Account No.] |
AACCR9586K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading of Fabric |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 250000 |
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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 an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
D-45, Pamposh Enclave, 1st Floor, Grater Kailash, New
Delhi-110048, India |
|
Tel. No.: |
91-11-41731107 |
|
Fax No.: |
91-11-41731109 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Rohit Khemka |
|
Designation : |
Director |
|
Address : |
D-45, Pamposh Enclave, 1st Floor, Grater Kailash, New
Delhi-110048, India |
|
Date of Birth/Age : |
16.03.1971 |
|
Date of Appointment : |
17.03.2005 |
|
DIN No.: |
00092800 |
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 |
U17116DL2005PTC134141 |
R R
DECOR PRIVATE LIMITED |
Director |
17-03-05 |
17-03-05 |
Active |
NO |
|
2 |
U36109DL2005PTC139441 |
S R
K HOME AND STYLE PRIVATE LIMITED |
Director |
08-08-05 |
08-08-05 |
Active |
NO |
|
Name : |
Ms. Pooja Khemka |
|
Designation : |
Director |
|
Address : |
D-45, Pamposh Enclave, 1st Floor, Grater Kailash, New
Delhi-110048, India |
|
Date of Birth/Age : |
05.11.1977 |
|
Date of Appointment : |
26.03.2010 |
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DIN No.: |
02991116 |
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|
|
|
Name : |
Ms. Nirmala Khemka |
|
Designation : |
Director |
|
Address : |
D-45, Pamposh Enclave, 1st Floor, Grater Kailash, New
Delhi-110048, India |
|
Date of Birth/Age : |
05.07.1945 |
|
Date of Appointment : |
17.03.2005 |
|
DIN No.: |
00111177 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Rohit Khemka |
395000 |
|
Nirmala Khemka |
55000 |
|
Bijay Kumar Khemka |
50000 |
|
Total |
500000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Fabric |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
State Bank of Bikaner and Jaipur, Kirti Nagar,
New Delhi-110015, India ·
Axis Bank Limited ·
ICICI Bank Limited ·
Bank of India ·
HDFC Bank Limited ·
State Bank of India ·
ABN Amro Bank ·
Standard Chartered Bank ·
Kotak Mahindra Bank Limited ·
Barclays Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M. L. Kejriwal and Company Chartered Accountant |
|
Address : |
310, Ansal Majestic Tower, PVR Complex, Vikaspuri, New Delhi-110018,
India |
|
Pan No.: |
AAKFM0972F |
CAPITAL STRUCTURE
AS ON 31.03.2011
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 |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
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|
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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 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.050 |
0.050 |
0.050 |
|
|
3] Reserves & Surplus |
59.627 |
45.419 |
34.075 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
64.677 |
50.469 |
39.125 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.948 |
11.163 |
3.088 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
11.948 |
11.163 |
3.088 |
|
|
DEFERRED TAX LIABILITIES |
0.046 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
76.671 |
61.632 |
42.213 |
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|
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|
|
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APPLICATION OF FUNDS |
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|
|
|
|
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FIXED ASSETS [Net Block] |
24.600 |
23.377 |
1.979 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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INVESTMENT |
0.806 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
36.175
|
28.856 |
15.147 |
|
|
Sundry Debtors |
38.393
|
38.461 |
42.889 |
|
|
Cash & Bank Balances |
6.870
|
3.827 |
16.811 |
|
|
Other Current Assets |
8.182
|
6.968 |
7.002 |
|
|
Loans & Advances |
3.438
|
5.874 |
2.156 |
|
Total
Current Assets |
93.058
|
83.986 |
84.005 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
32.900
|
37.149 |
36.156 |
|
|
Other Current Liabilities |
1.861
|
2.697 |
1.311 |
|
|
Provisions |
7.032
|
5.905 |
6.343 |
|
Total
Current Liabilities |
41.793
|
45.751 |
43.810 |
|
|
Net Current Assets |
51.265
|
38.235 |
40.195 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.020 |
0.039 |
|
|
|
|
|
|
|
|
TOTAL |
76.671 |
61.632 |
42.213 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
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|
SALES |
|
|
|
|
|
|
|
Income |
|
165.512 |
|
|
|
|
Other Income |
|
NA |
|
|
|
|
TOTAL |
227.080 |
NA |
162.479 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
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|
Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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|
|
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TOTAL |
205.770 |
162.003 |
144.410 |
|
|
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|
|
|
|
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|
PROFIT BEFORE
TAX |
21.310 |
17.264 |
18.069 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.103 |
5.920 |
6.391 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
14.207 |
11.344 |
11.678 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
28.41 |
22.69 |
23.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.26
|
NA |
7.19 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
10.43 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.11
|
16.08 |
21.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.34 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.83
|
1.13 |
1.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.23
|
1.84 |
1.92 |
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 three years |
Yes |
|
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 |
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 |
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 |
FINANCIAL RESULTS
The Company has earned a Net Profit of Rs. 21.310 Millions during the
year before taxes.
FORM 8
|
Corporate
identity number of the company |
U17116DL2005PTC134141 |
|
Name of the
company |
R R DECOR PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
D-45, Pamposh Enclave, 1st Floor, Grater Kailash, New Delhi-110048, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
State Bank of Bikaner and Jaipur, Kirti Nagar, New Delhi-110015, India |
|
Nature of
instrument creating charge |
Supplemental
Agreement of Hypothecation of Goods and Assets for Increase in the Overall
Limit and Annexure 10 dated 05.05.2011 |
|
Date of
instrument Creating the charge |
05.05.2011 |
|
Amount secured by
the charge |
Rs. 24.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest @ 3.75% p.a.
above Base Rate i.e. @ 12.50% p.a. with monthly rests, subject to change from
time to time in Base Rate. Terms of repayment Payable on
demand. Margin 25.25% of the
realizable value of the immovable properties Extent and operation of the charge 100% Other To secure all
amounts payable under Cash Credit (Hypothecation) Limit of Rs. 24.000
Millions granted to the company together with all interests, costs, charges,
expenses etc. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
stocks, receivables and other current assets of the Company. Collaterally secured
by Equitable Mortgage of Industrial Semi Constructed Basement and Ground
Floor to be furnished by the owner at Plot no. 21, Block - X, Okhla
Industrial Area, Phase - II, New Delhi measurement extent of property is
339.86 sq. meters. |
|
Charge identification
number of the charge to be modified |
10217233 |
|
Particulars of
the present modification |
Extent of
operation of charge on stocks, receivables, other current assets and EMT of
Industrial Semi Constructed Basement and Ground Floor to be furnished by the
owner at Plot no. 21, Block - X, Okhla Industrial Area, Phase - II, New Delhi
sands enhanced from Rs. 15.000 Millions to Rs. 24.000 Millions to secure Cash
Credit Limit of Rs. 24.000 Millions granted to the Company. ROI stands
changed to @ 3.75% above Base Rate i.e. 12.50% p.a. with monthly rests.
Margin stands changed to 25.25%. |
FIXED ASSETS
·
AIR Conditioner
·
Car
·
CCTV Camera
·
Computer
·
EPBEX Sys
·
Fan
·
Fax
·
Fire Extinguisher
·
Furniture and Fixture
·
Generator
·
Mobile Phone
·
Office Equipments
·
Sampling Pink Machine
·
UPS and Battery
·
Vaccum Cleaner
·
Machine Overlock
·
Printer
·
Scooter
·
Water Purifier
·
Building
·
Land
·
Temporary Structure
·
Computer Software
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. 54.68 |
|
|
1 |
Rs. 86.52 |
|
Euro |
1 |
Rs. 69.85 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
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 |
|
45 |
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.