MIRA INFORM REPORT
|
Report Date : |
19.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
RASHI PERIPHERALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5th Floor, Ariisto House, Telli Galli Corner, Andheri (East), Mumbai, Maharashtra- 400069 |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.03.1989 |
|
|
|
|
Com. Reg. No.: |
11-51039 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.949 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1989PTC051039 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14063A |
|
|
|
|
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. |
|
|
|
|
No. of Employees : |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
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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. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are reported to be regular 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
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 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3 (Short term Rating) |
|
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 |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-67090909 |
|
Date : |
24.04.2012 |
LOCATIONS
|
Registered / Corporate Office : |
5th Floor, Ariisto House, Telli Galli Corner, Andheri (East), Mumbai, Maharashtra- 400069, India |
|
Tel. No.: |
91-22-61771788 |
|
Mobile No. : |
91-9819556533 (Mr. Navin Agarwal) |
|
Fax No.: |
91-22-61771999/67090999 |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Rashi Complex, 186, Dongri Pada, Poman Village, Bhiwandi Road, Vasai (East), District Thane, Maharashtra, India |
|
|
|
|
RMA Department : |
101, |
|
|
|
|
Mum. Sales : |
C-205, Cinthofine Indl. Estate, Behind Virwani Indl. Est.
Goregoan (E), Mumbai - 400 063, |
|
|
|
|
Lamington : |
52/C, Chotani Bldg, 2nd Floor, Proctor Road, Jyoti Estate,
Grandroad (E), Mumbai – 400 007, Maharashtra, India |
|
|
|
|
Branch Office : |
·
F – 10,Chirag Industrial Complex,
39/40 Golden Industrial Estate, Dabhel, Somnath Road, Daman – 396210,
Gujarat, India ·
Shop No.1, Dukle Heaven, Opposite
Dukle Residency, Near Yamaha Show
Room, Tambdimatti, St. Inez,
Panaji-403002, Goa, India ·
Near Rohit Jewellery, Main Road,
Uchagaon, Kolhapur-416005, Maharashtra, India ·
Shop No.8,Tulsi Apartment, South
Kasba, Opposite Chaitany Hospital, Solaphur-413005, Maharashtra, India ·
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 - 416 406, Maharashtra, India ·
6, 29/1, Sent ·
Ground Floor, Plot No. 60, Dr.
Bhiwapurkar Lane, Dhantoli, Nagpur-440012, Maharashtra, India ·
Renuka Niwas, Sant Kanwarram Ward,
Rajapeth, Amrawati-444606, Maharashtra, India ·
414 Sterling Centre, M.G. Road, Pune - 411001, Maharashtra, India ·
FF-17, 19-24, Maruti Centre, Above
Punjab Honda, Near Gurukul Temple, Drive in Road, Ahmedabad-380052,
Maharashtra, India ·
Shree Valabh Sadan, 25/38 New Jagnath
Plot, B/h, Devani Hospital, Rajkot-360001, Gujarat, India ·
1/788-789-793, ·
F1/124, Kashi Wishweshwar Township,
Jetalpur Rd,, B/H Swagat Restaurant, Vadodara-390007, Gujarat, India ·
205/206/207 Silver Sanchora Castle,
7-8, R.N.T. Marg, Indore - 452001, Madhya Pradesh, India ·
House No. 90, 1st Floor, Rachna
Nagar, ·
B-1, 1st Floor, Sneh Vihar Apartment,
Napier Town, Jabalpur-482002, Madhya Pradesh, India ·
·
1st Floor, Mohan Niwas, Near Ratan Hotel,
Link Road, Bilaspur - 495001, Chattisgarh, India ·
#3, Sunkalpet Main Road, Bangalore -
560002, Karnataka, India ·
Shop No. 9, ·
Door No.4-2-237/12(1), Laxmi Ganesh,
Bharathi Nagar, Bejai, Mangalore-575004, ·
·
45, Ramalingam Road, (East), R.S.
Puram, Coimbatore-641 002, Tamilnadu, India ·
D-62, 1st Floor, ANM Bldg., 11th
B Cross, Thillai Nagar, Trichy-620018, Tamil Nadu, India ·
154, North Veli Street, 1st
Floor, Simmakkal, Madurai-625001, Tamil Nadu, India ·
Anbagam Complex no.6, 1st
Floor, Deivabigamani st Sanjai Gandhi Nagar, Pondicherry-605013, India ·
126, S. D. Road, 1st
Floor, Jaya Mansion, Secunderabad-500003, Andhra Pradesh, India ·
D.No. 36-10-3/1, 1st
Floor, Opposite Madhu Kalamandapam, Mogalrajapuram, Vijaywada - 520 010,
Andhra Pradesh, India ·
Door No.46-7-35, Visram Arcade,
Danavaipeta, Rajahmundry-533103, Andhra Pradesh, India ·
D.No.46-19-14, 1st Floor,
Mandavaripet, Dondaparthy, Vishakhapatnam-530016, Andhra Pradesh, India ·
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, Kerala, India ·
5/1366, 2nd Floor, Salnalia
Apartment, Kottaram Road, Eranhipalam, P.O., Calicut- 673006, Kerala, India ·
House No.11/765, Sobha Sadaanam,
Erayilkadavu, Kottayam-686001, Kerala, India ·
312A/314 Mansarovar, 90,Nehru Place,
New Delhi-110019, India ·
107, Satya Bhawan, Wazirpur
Commercial Complex, ND-110052, ·
D-258-A, Devi Marg, Bani Park,
Jaipur-302016, Rajasthan, India ·
8/67, Gokhale Vihar Marg,
Lucknow-226001, Uttar Pradesh, India ·
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 ·
5/9 Clive Road, Civil Line, Allahabad,
Uttar Pradesh, India ·
1st Floor, 11, Chakrata Road, Behind
LIC of India Bindal Bridge, Dehradun 248001, Uttarakhand, India ·
Plot No. 181/23, Ground Floor,
Industrial Area, Phase – 1 , Chandigarh-160002, India ·
H.No.788/A, Behind Shiv ICE Creambar,
Last More, Gandhinagar, Jammu-180004, Jammu and Kashmir, India ·
Chauhan Complex, Hotel Park Inn,
Ground Floor, Shimla Road, Sector 2, Parwanoo-173220, India ·
15-A, 2nd Floor, Near Avtar Sweet
Shop, Friends Colony, Model Gram, Ludhiana-141002, Punjab, India ·
#11, 3rd Floor, Aap Ka City Plaza,
Civil Line, Gurgaon-122001, Delhi, India
·
H.No.29 Chotti Market, Model Town,
Karnal-132001, Haryana, India ·
19, R.N. Mukherjee Road, Eastern
Building, Ground Floor, Kolkata – 700001, West Bengal, India ·
45 Najrul Sarani, 1st
Floor, Hakimpara, Siliguri, Dist.Darjeeling, West Bengal - 734 001, India ·
270, 1st Floor Near
Meghdoot Hotel, Sahid Nagar, Bubneshwar - 751 007, Orissa, India ·
Opposite Bagroy House, Holding
No.467/C1, Income Tax Lane, PP Compound, Ranchi-834 001, Jharkand, India ·
House of Brij Mohan Singh, Opposite Post Office, Jamal Road, Patna-
800001, Bihar, India ·
House No.3, Sikaria Complex, 1st
Floor, Dr. B. Baruah Road, Ulubari, Guwhati-781007, Assam, India ·
12/9 Sarojini Naidu Path, City
Centre, Durgapur-713216, West Bengal, India · Plot no.3, 2nd Floor, Near Adeshwar Tower, Above Indian Bank, Mehra infocom, 4th Main Chopasni Road, Jodhpur-342003, Rajasthan, India |
DIRECTORS
As on 07.06.2012
|
Name : |
Mr. Suresh Mahavirprasad Pansari |
|
Designation : |
Director |
|
Address : |
801, Shubh Angab, 5th Floor, N S Road, JVPD Scheme, Vile Parle (West),
Mumbai – 400056, Maharashtra, India |
|
Qualification: |
B. COM. / FCA |
|
Date of Birth/Age : |
11.06.1954 |
|
Date of Appointment : |
15.12.1989 |
|
DIN No.: |
00215712 |
|
|
|
|
Name : |
Mr. Krishnakumar Radheshyam Choudhary |
|
Designation : |
Director |
|
Address : |
401, Shubh Angab, 5th Floor, N S Road, JVPD Scheme, Vile Parle (West),
Mumbai – 400056, Maharashtra, India |
|
Qualification: |
B. COM. / FCA |
|
Date of Birth/Age : |
28.10.1955 |
|
Date of Appointment : |
28.02.1997 |
|
DIN No.: |
00215919 |
|
|
|
|
Name : |
Mr. Kapal Suresh Pansari |
|
Designation : |
Director |
|
Address : |
801, Shubh Angan, 5th Floor, S V Road, JVPD Scheme, Vile Parle
(West), Mumbai – 400056, Maharashtra, India |
|
Qualification: |
B. COM / MBA |
|
Date of Birth/Age : |
21.12.1983 |
|
Date of Appointment : |
01.07.2007 |
|
DIN No.: |
00215510 |
KEY EXECUTIVES
|
Name : |
Mr. Navin |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 07.06.2012
|
Names of Shareholders |
No. of Shares |
|
Manju Pansari |
116875 |
|
K.K. Choudhary jointly Meena Choudhary |
95000 |
|
Meena Choudhary jointly Manju Pansari, K.K. Choudhary HUF Suresh Pansari HUF |
116500 |
|
Suresh Pansari |
124375 |
|
SMT. Meena Choudhary |
68375 |
|
K.K. Choudhary Karta of K.K. Choudhary HUF |
7500 |
|
Suresh Pansari Karta of Suresh Pansari HUF |
4400 |
|
Kapal Pansari |
73500 |
|
Chaman Pansari |
57000 |
|
Master Keshav Choudhary through F and NG K.K. Choudhary |
176000 |
|
|
30875 |
|
Rajesh Attal |
122855 |
|
Priyanka Kapal Pasari |
1600 |
|
Total |
994855 |
Equity Share Break up (Percentage of Total Equity)
As on 07.06.2012
|
Category |
Percentage |
|
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 |
|
Others |
88.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Computer Peripherals. |
|
|
|
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Agencies Held : |
|
|
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Terms : |
|
|
Selling : |
Cash/ Credit |
|
|
|
|
Purchasing : |
Cash/ Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|||||||||||||||||||||||||||
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|
|
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
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|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution: |
Indiabulls Housing Finance Limited, F-60, Malhotra
Building, 2nd Floor, Connaught Place, New Delhi-110001, India |
|
|
|
|
Auditors : |
|
|
Name : |
ASL and Company Chartered Accountant |
|
Address : |
102, Gauresh Apartments, Agarkar Chowk, Old Police Line,
Andheri (E), Mumbai – 400069, |
|
Tel No. : |
91-22-26841173 |
|
Fax No. : |
91-22-26842206 |
|
E-Mail : |
|
|
PAN No.: |
AAAFC1257B |
|
|
|
|
Associates : (31.03.2010) |
|
|
|
|
|
Subsidiaries : |
Rashi Peripherals Pte Limited, Singapore |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
994855 |
Equity Shares |
Rs.10/- each |
Rs.9.949 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 |
9.949 |
9.949 |
9.949 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
443.831 |
358.537 |
306.432 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
453.780 |
368.486 |
316.381 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
643.170 |
436.573 |
371.406 |
|
|
2] Unsecured Loans |
9.053 |
37.879 |
64.698 |
|
|
TOTAL BORROWING |
652.223 |
474.452 |
436.104 |
|
|
DEFERRED TAX LIABILITIES |
4.510 |
1.694 |
1.409 |
|
|
|
|
|
|
|
|
TOTAL |
1110.513 |
844.632 |
753.894 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
215.861 |
68.762 |
59.731 |
|
|
Capital work-in-progress |
2.818 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
9.810 |
1.176 |
0.931 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1210.961
|
845.521
|
711.814 |
|
|
Sundry Debtors |
1026.614
|
903.160
|
705.903 |
|
|
Cash & Bank Balances |
3.500
|
0.574
|
0.735 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
166.693
|
233.942
|
200.221 |
|
Total
Current Assets |
2407.768
|
1983.197
|
1618.673 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1102.850
|
1102.850
|
881.299 |
|
|
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 |
|
|
Net Current Assets |
882.024
|
774.694
|
693.232 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1110.513 |
844.632 |
753.894 |
|
PROFIT & LOSS
ACCOUNT
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total
Income |
(%) |
0.79
|
0.64
|
0.46 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
0.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.97
|
3.92
|
3.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.22
|
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.80
|
4.57
|
4.30 |
|
|
|
|
|
|
|
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 |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 India making a total of 55 Branch offices.
Indian I.T. hardware Industry has witnessed a turnaround during the year. Foreign exchange rate has been favourable during second half of the year.
Our 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 India of the company |
102, Dhanthak Plaza, Makwana Road, Marol, Andheri East, Mumbai –
400059, Maharashtra, India Email: navina@rptechindia.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
Indiabulls Housing Finance Limited, F-60, Malhotra Building, 2nd
Floor, Connaught Place, New Delhi-110001, India Email: ajisingh@indiabulls.com
|
|
Nature of instrument creating charge |
Declaration and Loan Agreement both dated 3rd December, 2011 executed
between Indiabulls Housing Finance Limited (Lender/IHFL) and M/s Rashi Peripherals
Private Limited, Krishna Kumar Choudhry, Suresh Pansari and Manju Pansari
(Borrowers) for creating an equitable mortgage of property through the
deposition of original title deeds relating thereto, with the Lender as a
security for the repayment of the loan. |
|
Date of instrument Creating the charge |
03.12.2011 |
|
Amount secured by the charge |
Rs.126.182 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Currently 12.25% p.a. (Adjustable Rate of Interest = IHFL-FRR - 4.75%
p.a.) Terms of Repayment 120 Equated Monthly Installments (EMIs) of Rs.1.829 Millions No
prepayment permitted within 6 months of commencement of EMIs. Extent and Operation of the charge Equitable mortgage by deposit of original title deeds in favour of
IHFL to secure the Loan sanctioned by IHFL to the Borrowers along with
interest thereon, add. interest, charges, fees, etc. and all other amount
payable by the Borrowers to IHFL. The security/s created in favour of IHFL,
to be a continuing security to IHFL till all such time that the entire
Loan/dues/outstanding of Borrower(s) are repaid in full. Others The borrowers shall not transfer, lease out, assign, dispose off or
otherwise part with the mortgaged property or any part thereof without the
prior written consent of the lender. Other terms and conditions as per loan
agreement. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Flat No. - N - 5303, Indiabulls
Sky Forest, Jupitar Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai
– 400012, Maharashtra, India |
FIXED ASSETS:
- Premises
- Plant and Machinery
- Computers
- Furniture and Fixtures
- Electrical Fittings
- Office Equipments
- Vehicles
- Capital WIP
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.52.97 |
|
|
1 |
Rs.85.45 |
|
Euro |
1 |
Rs.69.46 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.