Summary Information
|
|
|
Country |
|
|
Company Name |
RATIONAL BUSINESS CORPORATION PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashish Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ashok Gupta |
|
|
|
Registration # |
55-041196 |
|
Street Address |
Bahalgarh Chowk, |
||
|
Established Date |
10.01.2006 |
SIC Code |
-- |
|
Telephone# |
91-11-42563500/27463400 |
Business Style 1 |
Manufacture |
|
Fax # |
91-11-42563599 |
Business Style 2 |
Supply |
|
Homepage |
Product Name 1 |
Office Stationery |
|
|
# of employees |
Not Available |
Product Name 2 |
Allied Products |
|
Paid up capital |
Rs. 53,396,000/- |
Product Name 3 |
Computer Hardware |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
NO |
Business Period |
7 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (31) |
|
Related Company |
|||
|
Relation |
Country |
Company Name |
CEO |
|
Entries where Control
Exist – Subsidry |
-- |
AGPS Enterprises
Private Limited |
-- |
|
Note |
- |
||
2. Summary Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
376,057,000 |
Current Liabilities |
267,630,000 |
|
Inventories |
207,446,000 |
Long-term Liabilities |
365,540,000 |
|
Fixed Assets |
235,371,000 |
Other Liabilities |
30,469,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
663,639,000 |
|
Invest& other Assets |
5,570,000 |
Retained Earnings |
107,409,000 |
|
|
|
Net Worth |
160,805,000 |
|
Total Assets |
824,444,000 |
Total Liab. & Equity |
824,444,000 |
|
Total
Assets (Previous Year) |
565,015,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,389,108,000 |
Net Profit |
6,936,000 |
|
Sales(Previous yr) |
114,492,2000 |
Net Profit(Prev.yr) |
10,014,000 |
MIRA
INFORM REPORT
|
Report Date : |
09.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
RATIONAL BUSINESS CORPORATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Bahalgarh Chowk, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.01.2006 |
|
|
|
|
Com. Reg. No.: |
55-041196 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 53.396 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21017HR2006PTC041196 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR12309D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and
supply of complete range of Office Stationery and Allied Products and
Computer Hardware and Peripherals. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 640000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The profit margin of the company appears to be low during 2012.
However, the overall financial position seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. The company can be considered for business dealings with some caution. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Letter of credit: A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
13 June 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Term Loan: BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
13 June 2013 |
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.
LOCATIONS
|
Registered Office : |
Bahalgarh Chowk, |
|
Tel. No.: |
91-11-42563500/27463400 |
|
Fax No.: |
91-11-42563599 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
N-10, Satyawati Nagar, Ashok Vihar, Phase 3, |
|
E-Mail : |
DIRECTORS
As on: 21.09.2012
|
Name : |
Mr. Ashish Gupta |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
B-26, Satyawati Nagar, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.02.1974 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.01.2006 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00023146 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashok Gupta |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
B-26, Satyawati Nagar, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.09.1968 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.01.2006 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00023505 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Narinder Kumar Chhabra |
|
Designation : |
Secretary |
|
Address : |
RZ-42, Raghu Nagar, Street No-3, Opposite Janak Cinema, Near World
Brain Hospital, New Delhi - 110 045, India |
|
Date of Birth/Age : |
03.06.1985 |
|
Date of Appointment : |
13.08.2012 |
|
PAN No.: |
AIAPC1294N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 21.09.2012
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Ashish Radheyshyam Gupta |
|
29800 |
|
Ashok Radheyshyam Gupta |
|
29800 |
|
Anubha Radheyshyam Gupta |
|
55000 |
|
|
|
|
|
Total |
|
114600 |
|
Names of Shareholder (Preference
Shares) |
|
No. of Shares |
|
Anubha Radheyshyam Gupta |
|
522500 |
|
Total |
|
522500 |
Equity Share Break up (Percentage of Total Equity)
As on: 21.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and supply
of complete range of Office Stationery and Allied Products and Computer
Hardware and Peripherals. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity* |
Actual
Production |
|
Computer Stationary |
Packet |
NA |
1200000 |
981626 |
|
Labels |
Packet |
NA |
500000 |
668783 |
|
|
|
|
|
|
* Installed Capacity is as certified by the
officials of the company and relied upon by the Auditors, being a technical
matter.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Bankers : |
· Indusind Bank Limited, Dr. Gopal Das Bhawan, 28 Barakhamba Road, New Delhi - 110001, Delhi, India · Standard Chartered Bank, 10, Parliament Street, New Delhi - 110001, Delhi, India · Punjab National Bank, Wazirpur Branch, Ashok Vihar, Delhi - 110052, Delhi, India ·
HDFC Bank Limited, HDFC Bank House Senapati Bapat
Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India · Kotak Mahindra Bank |
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pankaj Jindal And Company Chartered Accountants |
|
Address : |
11/10, Iind Floor, Shakti Nagar, Delhi – 110007, Delhi, India |
|
PAN No.: |
ABVPJ5532A |
|
|
|
|
Entries where Control Exist – Subsidry: |
·
AGPS Enterprises Private Limited |
|
|
|
|
Entities where Key Management Personnel and their relatives exercise
significant influence: |
·
Desmat Technologies ·
ARS Pulp and Paper Private Limited |
CAPITAL STRUCTURE
As on: 21.09.2012
Authorised Capital : Rs.
80.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 49.896
Millions
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,0000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
700,000 |
Preference Shares |
Rs. 100/-
each |
Rs. 70.000
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 80.000
Milions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
114,600 |
Equity Shares |
Rs.10/- each |
Rs. 1.146
Millions |
|
522,500 |
Preference Shares |
Rs. 100/- each |
Rs. 52.250
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 53.396 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF
FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
53.396 |
|
(b) Reserves & Surplus |
|
|
107.409 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
7 |
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
160.805 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
122.175 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.121 |
|
(c) Other long term liabilities |
|
|
25.089 |
|
(d) long-term provisions |
|
|
12.559 |
|
Total Non-current Liabilities (3) |
|
|
159.944 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
243.365 |
|
(b) Trade payables |
|
|
209.288 |
|
(c) Other current
liabilities |
|
|
33.253 |
|
(d) Short-term provisions |
|
|
17.789 |
|
Total Current Liabilities (4) |
|
|
503.695 |
|
|
|
|
|
|
TOTAL |
|
|
824.444 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
234.694 |
|
(ii) Intangible Assets |
|
|
0.677 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
5.570 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
6.580 |
|
(e) Other Non-current assets |
|
|
4.260 |
|
Total Non-Current Assets |
|
|
251.781 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
207.446 |
|
(c) Trade receivables |
|
|
314.724 |
|
(d) Cash and cash
equivalents |
|
|
22.540 |
|
(e) Short-term loans and
advances |
|
|
27.953 |
|
(f) Other current assets |
|
|
0.000 |
|
Total Current Assets |
|
|
572.663 |
|
|
|
|
|
|
TOTAL |
|
|
824.444 |
|
SOURCES OF
FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
53.396 |
53.396 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
101.781 |
93.120 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
155.177 |
146.516 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
262.591 |
141.905 |
|
|
2] Unsecured Loans |
|
54.998 |
20.827 |
|
|
TOTAL BORROWING |
|
317.589 |
162.732 |
|
|
DEFERRED TAX LIABILITIES |
|
1.098 |
0.859 |
|
|
|
|
|
|
|
|
TOTAL |
|
473.864 |
310.107 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
239.335 |
79.313 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
2.300 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
151.755
|
137.379
|
|
|
Sundry Debtors |
|
150.732
|
143.682
|
|
|
Cash & Bank Balances |
|
7.367
|
7.515
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
13.526
|
31.297
|
|
Total
Current Assets |
|
323.380
|
319.873
|
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
59.636
|
69.218
|
|
|
Other Current Liabilities |
|
16.062
|
0.489
|
|
|
Provisions |
|
15.453
|
19.397
|
|
Total
Current Liabilities |
|
91.151
|
89.104
|
|
|
Net Current Assets |
|
232.229
|
230.769
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.025 |
|
|
|
|
|
|
|
|
TOTAL |
|
473.864 |
310.107 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1389.108 |
1144.922 |
1082.466 |
|
|
|
Other Income |
2.260 |
8.309 |
2.205 |
|
|
|
TOTAL (A) |
1391.368 |
1153.231 |
1084.671 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material |
|
|
807.917 |
|
|
|
Manufacturing Expenses |
|
|
55.129 |
|
|
|
Payments to and Provisions For Employee |
|
|
53.240 |
|
|
|
Selling and Administrative Expenses |
|
|
111.638 |
|
|
|
Preliminary Expenses |
|
|
0.118 |
|
|
|
TOTAL (B) |
1366.245 (Including
financial expenses ) |
1140.522 (Including
financial expenses ) |
1028.042 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
56.629 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
15.850 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
25.123 |
30.236 |
40.779 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.852 |
12.709 |
11.064 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
10.271 |
17.527 |
29.715 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
3.335 |
7.511 |
10.644 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
6.936 |
10.014 |
19.071 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend – Equity Shares |
1.160 |
1.160A |
0.115 |
|
|
|
- Preference Shares |
NA |
NA |
1.045 |
|
|
|
Corporate tax on proposed Dividend |
0.188 |
0.193 |
0.197 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
17.714 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Traveling |
0.542 |
0.742 |
1.150 |
|
|
|
Interest |
0.521 |
0.291 |
0.000 |
|
|
|
Consultation |
0.000 |
0.607 |
0.449 |
|
|
|
Conveyance |
0.000 |
0.000 |
0.045 |
|
|
TOTAL EARNINGS |
1.063 |
1.640 |
1.644 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
90.760 |
113.062 |
46.541 |
|
|
|
Finished Goods |
48.625 |
77.457 |
332.061 |
|
|
|
Capital Goods |
9.546 |
1.561 |
0.000 |
|
|
TOTAL IMPORTS |
148.931 |
182.080 |
378.602 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
51.40 |
78.26 |
155.75 |
|
|
|
Diluted |
1.30 |
1.64 |
3.57 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
0.50 |
0.87 |
1.76
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.74 |
1.53 |
2.75
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.25 |
3.12 |
7.44
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.11 |
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.27 |
2.05 |
1.11
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
3.55 |
3.59
|
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 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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
N-10, Satyawati Nagar, Delhi – 52, India to present address w.e.f. 20.08.2010
RFORMANCE OF THE
COMPANY
The Company’s overall Revenue/ Income generated from business operations
stood at Rs.1391.368 Millions for the current year as compared to Rs.1153.231
Millions achieved during the previous year. The Company has earned the net
profit after tax and adjustment to Rs. 6.936 Millions for the year under review
as compared to Rs.10.014 Millions
earned during the previous year.
The Company has adequate funds and arrangements to meet it’s secured as
well as un-secured liabilities. Further, they
have successfully, efficiently and effectively to smoothen the working
and business overall operations of the Company and to maintain adequate growth
prospects for the staff members, it’s prospective employees and other
managerial personnel and to retain them and further to build transparency in
their business affairs/ upcoming
prospective assignments has taken all the initiatives to reach their goals.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2012 |
|
Long term Borrowing |
|
|
Deposits from others |
45.447 |
|
Total |
45.447 |
|
Particulars |
As
on 31.03.2011 |
|
Rupee term loans others unsecured |
54.998 |
|
|
|
|
Total |
54.998 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10451870 |
30/08/2013 |
125,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B86091121 |
|
2 |
10360415 |
14/09/2012 * |
125,000,000.00 |
INDUSIND BANK LIMITED |
DR. GOPAL DAS
BHAWAN, 28 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B58153628 |
|
3 |
10304785 |
30/11/2012 * |
270,000,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI, DELHI - 110001, |
B64214398 |
|
4 |
10306599 |
30/11/2012 * |
270,000,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI, DELHI - 110001, |
B64315658 |
|
5 |
10298510 |
30/11/2012 * |
270,000,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI, DELHI - 110001, |
B64317852 |
Note: * Date of charge modification
FIXED ASSETS:
Tangible assets
· Land
· Factory building
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Computer equipments
· Office equipment
Intangible assets
·
Goodwill
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 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 |
62.73 |
|
|
1 |
100.92 |
|
Euro |
1 |
84.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.