MIRA INFORM REPORT
|
Report Date : |
23.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
RSG INFOTECH PRIVATE LIMITED |
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Registered
Office : |
1st Floor, Maina Gul Building, Caesar Road, Amboli, Andheri
(West), Mumbai-400058, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
13.08.1997 |
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Com. Reg. No.: |
11-215331 |
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Capital
Investment / Paid-up Capital : |
Rs.3.517
Millions |
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CIN No.: [Company Identification
No.] |
U72900MH1997PTC215331 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Service Provider of Computer Peripherals. |
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No. of Employees
: |
100 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 169000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but 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 slow
but correct. 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.
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. Sachin Nikam |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-42203900 |
|
Date : |
23.05.2013 |
LOCATIONS
|
Registered Office : |
1st Floor, Maina Gul Building, Caesar Road, Amboli, Andheri
(West), Mumbai-400058, Maharashtra, India |
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Tel. No.: |
91-22-42203900 |
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Fax No.: |
91-22-26780841 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch Office : |
Hyderabad: 301, MYM Apartment, Thakur Mansion Lane, Somajiguda, Hyderabad-500082,
Andhra Pradesh, India Tel No.: 91-40-23400883/84 Fax No.:91-40-23400984 Email: info@rsginfotech.co.in
Pune: 107-108, 4th Dimension, Nal Stop Near Mehendale Garage,
Erandawana, Pune-411004, Maharashtra, India Tel No.: 91-20-30205447/47 Email: info@rsginfotech.co.in
|
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Rupesh Kumar Pandey |
|
Designation : |
Director |
|
Address : |
F-301,
Marigold Valley of Floor, Thakur
Village, Kandivli (East), Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
13.12.1970 |
|
Date of Appointment : |
13.08.1997 |
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Din No.: |
02420752 |
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|
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|
Name : |
Mr. Anil Gopalkrishnan Achary |
|
Designation : |
Director |
|
Address : |
A-403, Orchid Valley of Flowers, Thakur Village, Kandivli (East), Mumbai, Maharashtra, India |
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Date of Birth/Age : |
13.11.1970 |
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Date of Appointment : |
25.05.2010 |
|
Din No.: |
03083101 |
KEY EXECUTIVES
|
Name : |
Mr. Sachin Nikam |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rupesh Pandey |
|
158020 |
|
Shalini Pandey |
|
10000 |
|
Satya Narain Pandey |
|
8000 |
|
Anil Gopalkrishnan Achary |
|
163730 |
|
Jyoti Acharya |
|
12000 |
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|
|
|
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TOTAL
|
|
351750 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Service Provider of Computer Peripherals. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
100 [Approximately] |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Gupta Mahesh and Company Chartered Accountants |
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Address : |
45, Lower Ground Floor, Pocket A-8, Kalkaji Extension, New
Delhi-110019, India |
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Tel. No.: |
91-11-41605390 |
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Mobile No.: |
91-9811015010 |
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E-Mail : |
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PAN No: |
AEVPG6832R |
CAPITAL STRUCTURE
AS ON 31.03.2012
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 |
|
351750 |
Equity Shares |
Rs.10/- each
|
Rs.3.517
Millions |
NOTE:
SHAREHOLDER HOLDING MORE THAN 5% SHARES
|
Particular |
As on 31.03.2012 |
|
|
|
No. of Share
Holding |
Percentage of
Holding |
|
Anil Acharya |
163730 |
46.55 % |
|
Rupesh Pandey |
158020 |
44.92 % |
MOVEMENT OF EQUITY SHARES
|
Particular |
As on 31.03.2012 |
|
|
|
No. of Share
Holding |
Rs. in Millions |
|
Shares outstanding at the beginning of the
year |
351750 |
3.517 |
|
Shares outstanding at the end of the year |
351750 |
3.517 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.517 |
3.517 |
3.517 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
38.793 |
35.983 |
33.313 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
42.310 |
39.500 |
36.830 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
6.055 |
|
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2] Unsecured Loans |
1.128 |
0.000 |
10.876 |
|
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TOTAL BORROWING |
1.128 |
0.000 |
16.931 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
43.438 |
39.500 |
53.761 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.950 |
6.556 |
6.005 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.264 |
0.224 |
1.337 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
43.843
|
37.618 |
44.591 |
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Sundry Debtors |
36.405
|
22.885 |
35.761 |
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Cash & Bank Balances |
19.527
|
11.486 |
9.420 |
|
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Other Current Assets |
1.064
|
0.958 |
0.000 |
|
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Loans & Advances |
10.236
|
6.931 |
3.639 |
|
Total
Current Assets |
111.075
|
79.878 |
93.411 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
38.695
|
36.066 |
39.744 |
|
|
Other Current Liabilities |
32.794
|
10.242 |
6.014 |
|
|
Provisions |
1.362
|
0.850 |
1.234 |
|
Total
Current Liabilities |
72.851
|
47.158 |
46.992 |
|
|
Net Current Assets |
38.224
|
32.720 |
46.419 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
43.438 |
39.500 |
53.761 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
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Income |
484.284 |
330.317 |
362.559 |
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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EXPENSES |
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TOTAL |
NA |
NA |
NA |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.156 |
6.151 |
(0.425) |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
1.025 |
1.517 |
3.055 |
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PROFIT / (LOSS)
BEFORE TAX |
4.131 |
4.634 |
(3.480) |
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Less |
TAX |
1.321 |
1.964 |
(1.031) |
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PROFIT / (LOSS)
AFTER TAX |
2.810 |
2.670 |
(2.449) |
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|
Earnings /
(Loss) Per Share (Rs.) |
7.99 |
7.59 |
(6.96) |
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Particulars |
|
|
31.03.2013 |
|
Sales Turnover [Approximately] |
|
|
550.000 |
Expected Sales (2013-14) : Rs.650.000 Millions.
The above information has been parted by Mr. Sachin Nikam.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.85
|
1.40 |
(0.96) |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.56
|
5.36 |
3.45 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.12
|
(0.09) |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
1.75
|
1.19
|
1.74 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.52
|
1.70
|
1.99 |
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 three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office of the company has been shifted from Plot No. 2, Local Shopping Complex, 2nd Floor, Behind Kalkaji Post Office, Kalkaji, New Delhi-110019, India to the present address w.e.f. 01.02.2011.
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U72900MH1997PTC215331 |
|
Name of the
company |
RSG INFOTECH
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1st Floor, Maina Gul Building, Caesar Road, Amboli, Andheri (West), Mumbai-400058, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Floating charge Others |
|
Particular of
charge holder |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman
Point, Mumbai-400021, Maharashtra, India |
|
Nature of
instrument creating charge |
Loan cum
Hypothecation Agreement. |
|
Date of
instrument Creating the charge |
24.06.2011 |
|
Amount secured by
the charge |
Rs. 23.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest TL - Floating
over the tenure of the facility. The Rate of Interest has been arrived at on
the basis of the Bank's Base Rate. Terms of repayment TL - 1. Loan
shall be repaid by way of 18 EMIs starting from month following the month of
first disbursement of TL. 2. EMIs shall be
recovered by way of debit to Escrow Account. Extent and operation of the charge First and
exclusive charge on present and future credit card receivables of the
Borrower, in favour of Kotak Mahindra bank as security for repayment of
financial facilities granted by the Bank to the Borrower. |
|
Short particulars
of the property charged (Including location of the property) |
First and
exclusive charge on present and future credit card receivables of the
Borrower, more particularly described in Schedule II to the Loan cum
Hypothecation Agreement. |
|
Charge
identification number of the charge to be modified |
10200208 |
|
Particulars of
the present modification |
Bank had granted
facilities of Rs.13.000 millions to the Borrower which was secured by way of
Hypothecation on Credit card receivables of the company on 11.01.2010. Now
bank has granted additional facility of Rs.10.000 millions to the Company and
the said charge is modified and extended to the increased total facility of
Rs.23.000 millions. |
FIXED ASSETS
- Land and
Building
- Fridge
- Furniture and
Fixture
- Office
Equipments
- Vehicles
- Computer
- Pager
- Air
Conditioner
- Inventor
- Fan
- Printer
- UPS
- Mobile
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 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.55.52 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.