|
Report Date : |
24.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROSARIO COSMETICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
602, 6th Floor, Universal Trade Tower, Sector-49, Sohna
Road, Gurgaon – 122101, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
11.09.2008 |
|
|
|
|
Com. Reg. No.: |
05-042286 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24246HR2008PTC042286 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Cosmetics and House Keeping Chemicals like
Floor Cleaner, Concentrated Floor Cleaner. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
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 : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
management has failed to file its financials for the year 2010-2011,
2011-2012 with the government department. As per previous year’s, there appears accumulated losses recorded by
the company. However, trade relations are reported to be fair. Business is active.
Payments are unknown. The company can be considered for business dealings on a safe and
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 – 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
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 |
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 (General Details)
|
Name : |
Mr. Rajat Kumar |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-124-4999799 |
|
Date : |
19.01.2013 |
LOCATIONS
|
Registered Office : |
602, 6th Floor, Universal Trade Tower, Sector-49, Sohna
Road, Gurgaon – 122101, Haryana, India |
|
Tel. No.: |
91-124-4999799 |
|
Mobile No.: |
91-9811171666 (Mr. Ashish Shoo - NSM) |
|
Fax No.: |
91-124-4999792 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Ram Kishore Saxena |
|
Designation : |
Director |
|
Address : |
House No.118-A, Sector- 30, Near Jalvayu Vihar, Gurgaon – 122002,
Haryana, India |
|
Date of Birth/Age : |
22.02.1965 |
|
Date of Appointment : |
11.09.2008 |
|
DIN No.: |
01664664 |
|
|
|
|
Name : |
Mrs. Punam Saxena |
|
Designation : |
Director |
|
Address : |
House No.118-A, Sector- 30, Near Jalvayu Vihar, Gurgaon – 122002,
Haryana, India |
|
Date of Birth/Age : |
15.01.1964 |
|
Date of Appointment : |
11.09.2008 |
|
DIN No.: |
01642195 |
KEY EXECUTIVES
|
Name : |
Mr. Rajat Kumar |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ram Kishore Saxena |
|
5000 |
|
Punam Saxena |
|
5000 |
|
|
|
|
|
Total |
|
10000 |
(AS ON 30.09.2010)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Cosmetics and House Keeping Chemicals like
Floor Cleaner, Concentrated Floor Cleaner. |
|
|
|
|
Imports : |
|
|
Products : |
Cosmetics and House Keeping Chemicals |
|
Countries : |
Spain |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
||||||||||||||||||
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|
||||||||||||||||||
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||
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|
|
||||||||||||||||||
|
Bankers : |
· State Bank of Patila Baroti (Parwanoo), Parwanoo – 173220, Himachal Pradesh, India · Axis Bank |
||||||||||||||||||
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|
|
||||||||||||||||||
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Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vinay Malik and Company Chartered Accountant |
|
Address : |
232, DDA Commercial Complex, Phase – 1, Jhandewalan Extension, New
Delhi – 110055, India |
|
Tel No.: |
91-11-23529098/ 23670203 |
|
Fax No.: |
91-11-41540687 |
|
PAN No.: |
AFHPM1251K |
|
Email : |
|
|
|
|
|
Other Related Party : |
· Vaishnavi Kosmeticos Industries Private Limited · Himachal Soap and Detergents Private Limited · Coral Healthcare Private Limited |
CAPITAL STRUCTURE
(AS ON 30.09.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- 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 |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
(2.430) |
(2.460) |
|
|
NETWORTH |
|
(2.330) |
(2.360) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
4.047 |
0.000 |
|
|
2] Unsecured Loans |
|
4.303 |
1.340 |
|
|
TOTAL BORROWING |
|
8.350 |
1.340 |
|
|
DEFERRED TAX LIABILITIES |
|
0.015 |
0.007 |
|
|
|
|
|
|
|
|
TOTAL |
|
6.035 |
(1.013) |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4.623 |
0.267 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
3.453 |
2.792 |
|
|
Sundry Debtors |
|
6.093 |
1.473 |
|
|
Cash & Bank Balances |
|
0.027 |
0.661 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
1.091 |
0.220 |
|
Total
Current Assets |
|
10.664 |
5.146 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
7.286 |
5.515 |
|
|
Other Current Liabilities |
|
1.988 |
0.913 |
|
|
Provisions |
|
0.007 |
0.037 |
|
Total
Current Liabilities |
|
9.281 |
6.465 |
|
|
Net Current Assets |
|
1.383 |
(1.319) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.029 |
0.039 |
|
|
|
|
|
|
|
|
TOTAL |
|
6.035 |
(1.013) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
|
31.179 |
5.208 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
31.049 |
7.614 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.130 |
(2.406) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.085 |
0.010 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.045 |
(2.416) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.015 |
0.044 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.030 |
(2.460) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
2.97 |
(246.01) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
0.10 |
(47.24) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.29 |
(44.63) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(0.02) |
1.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
(7.57) |
(3.31) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.15 |
0.80 |
LOCAL AGENCY FURTHER INFORMATION
|
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 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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
No |
|
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 |
UNSECURED LOANS
|
Particulars |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
|
|
From directors |
|
|
|
Mr. R. K. Saxena |
4.112 |
1.340 |
|
State Bank of Patiala – Current Accounts (Due to Reconciliation) |
0.191 |
0.000 |
|
|
|
|
|
Total |
4.303 |
1.340 |
FINANCIAL REVIEW:
The directors take
immense in announcing that during the year ended 31st March 2010, the
company earned in aggregate the turnover from operations Rs.31.200 Millions
during the year and booked the profit of Rs.0.045 Million in 2009-10.
SHIFTING OF REGISTRED OFFICE
A resolution relating
to shifting of registered office of the company from the state of Delhi to
Haryana was passed in the Extra-ordinary General Meeting dated 13.05.2010
subject to approval of Company Law Board Bench, New Delhi.
FORM 8
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U24246HR2008PTC042286 |
|
Name of the
company |
ROSARIO COSMETICS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
602, Universal
Trade Tower, Sector-49, Sohna Road, Gurgaon – 122001, Haryana, India |
|
Type of charge |
Others: Goods and
Assets |
|
Particular of
charge holder |
State Bank of
Patiala Baroti
(Parwanoo), Parwanoo – 173220, Himachal Pradesh, India |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
hypothecation of goods and assets |
|
Date of instrument
Creating the charge |
03/09/2012 |
|
Amount secured by
the charge |
Rs.8.000 Millions
|
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As per Agreement Terms of
Repayment As per Agreement Margin As per Agreement Extent and
Operation of the charge As per Agreement Others As per Agreement |
|
Short particulars
of the property charged |
As per Agreement |
FIXED ASSETS:
· Computer
· Brand Development
· Office Equipments
· Moulds and Dies
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.53.77 |
|
|
1 |
Rs.85.14 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
12 |
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.