|
Report Date : |
30.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
RASHI PERIPHERALS PRIVATE LIMITED |
|
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|
|
Registered
Office : |
5th Floor, Ariisto House, Junction of N. S. Phadke Road, Corner of Telli Galli, Andheri (East), Mumbai - 400069, Maharashtra |
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Country : |
India |
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|
Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
15.03.1989 |
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Com. Reg. No.: |
11-051039 |
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Capital
Investment / Paid-up Capital : |
Rs. 9.949
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1989PTC051039 |
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|
|
IEC No.: |
0389007285 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14063A |
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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. |
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|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2670000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Overall financial position of the company appears to be above average.
Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered 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
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 India from 1st November.
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 |
Long term rating : BBB |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
March 26, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
March 26, 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.
INFORMATION PARTED BY
|
Name : |
Mr. Navin Agarwal |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-61771788 |
|
Date : |
28.11.2013 |
LOCATIONS
|
Registered / Corporate Office : |
5th Floor, Ariisto House, Junction of N. S. Phadke Road, Corner of Telli Galli, Andheri (East), Mumbai - 400069, Maharashtra, India |
|
Tel. No.: |
91-22-61771788/ 61771771/ 72 |
|
Mobile No. : |
91-9819556533 (Mr. Navin Agarwal) |
|
Fax No.: |
91-22-61771999/ 67090999 |
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E-Mail : |
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|
Website: |
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|
Location : |
Owned |
|
|
|
|
Warehouse : |
Rashi Complex, 186, Dongri Pada, Poman Village, Bhiwandi Road, Vasai (East), District Thane, Maharashtra, India |
|
|
|
|
RMA Department : |
101, |
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|
|
|
Mumbai Sales : |
C-205, Cinthofine Industrial Estate, Behind Virwani
Industrial Area, Goregoan (East), Mumbai-400063, |
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|
|
Lamington : |
52/C, Chotani Building, 2nd Floor, Proctor
Road, Jyoti Estate, Grand Road (East), Mumbai-400007, Maharashtra, India |
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|
|
|
Branch Offices : |
Located at · Ahmednagar Ahmedabad Amravati
Aurangabad Bangalore Baroda Belgaum Bhopal Bhubaneswar Chennai Chandigarh Calicut
Cochin
Coimbatore Dehradun Durgapur Gandhidham Ghaziabad Goa
Gurgaon Guwahati Hubli Indore Jabalpur Jaipur Jalgaon Jammu Kolhapur Kolkata Kottayam Lucknow Ludhiana Madurai Mangalore Mumbai Mysore Nagpur Nasik
New
Delhi Parwanoo Patna Pimpri
Pondicherry Pune Rajahmundry Rajkot Raipur Ranchi Sangli Secunderabad Solapur Siliguri Surat Tiruchi Trivandrum Vashi Vijaywada Vizag
|
DIRECTORS
AS ON 28.06.2013
|
Name : |
Mr. Sureshkumar Pansari |
|
Designation : |
Director |
|
Address : |
801, Shubh Angan, 5th Floor, N S Road, JVPD Scheme, Vile Parle (West),
Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
11.06.1954 |
|
Qualification : |
B. Com. and FCA |
|
Date of Appointment : |
15.12.1989 |
|
PAN No.: |
AFKPP1118B |
|
DIN No.: |
00215712 |
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|
|
|
Name : |
Krishna Kumar Choudhary |
|
Designation : |
Director |
|
Address : |
401, Shubh Angab, 5th Floor, N S Road, JVPD Scheme, Vile Parle (West),
Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
28.10.1955 |
|
Qualification : |
B. Com. and FCA |
|
Date of Appointment : |
28.02.1997 |
|
DIN No.: |
00215919 |
|
|
|
|
Name : |
Kapal Suresh Pansari |
|
Designation : |
Director |
|
Address : |
801, Shubh Angan, 5th Floor, S V Road, JVPD Scheme, Vile Parle (West),
Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
21.12.1983 |
|
Qualification : |
B. Com and MBA |
|
Date of Appointment : |
07.09.2007 |
|
PAN No.: |
AJVPP4956G |
|
DIN No.: |
00215510 |
KEY EXECUTIVES
|
Name : |
Mr. Navin Agarwal |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.06.2013
|
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 |
|
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 |
|
Keshav Choudhary |
176000 |
|
Krishna Kumar Choudhary |
30875 |
|
Rajesh Attal |
122855 |
|
Priyanka Kapal Pasari |
1600 |
|
|
|
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Total |
994855 |
AS ON 28.06.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
12.00 |
|
Others |
88.00 |
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|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Computer Peripherals. |
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Products/ Services : |
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Imports : |
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Products : |
Computer Peripherals |
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Countries : |
· China Singapore Thailand |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash, Credit and Depend |
GENERAL INFORMATION
|
Customers : |
Others |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
· HDFC Bank Limited, 2nd Floor, Process House, Kamala Mills, Senapati Bapat Marg, Lower Parel, Mumbai-400013, Maharashtra, India Standard
Chartered Bank, 90, M.G. Road, Fort, Mumbai - 400001, Maharashtra, India HDFC
Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai-400013, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
Indiabulls Housing Finance Limited, F-60, Malhotra Building, 2nd
Floor, Connaught Place, New Delhi – 110001, India |
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|
Auditors : |
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|
Name : |
ASL and Company Chartered Accountants |
|
Address : |
102, Gauresh Apartments, Agarkar Chowk, Old Police Lines,
Andheri (East), Mumbai – 400069, Maharashtra, India |
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Tel No. : |
91-22-26841173 |
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Fax No. : |
91-22-26842206 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFC1257B |
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|
Enterprises which are owned,
or have significant influence of or are partners with Key management
personnel and their relatives : |
· Cee Pee Consultants Ceepee
Pharma Private Limited International
Ribbon Manufacturing Company R
C Realtors Private Limited Sanwaria
Texpro Private Limited Technology
Distribution Association of India Uni
Product India |
|
|
|
|
Subsidiary Company : |
Rashi Peripherals
Pte Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
994,855 |
Equity Shares |
Rs. 10/- each |
Rs. 9.949
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.949 |
9.949 |
9.949 |
|
(b) Reserves & Surplus |
659.002 |
545.184 |
443.831 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
668.951 |
555.133 |
453.780 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
118.592 |
118.592 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
10.111 |
8.079 |
4.510 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
6.334 |
10.163 |
18.189 |
|
Total Non-current
Liabilities (3) |
135.037 |
136.834 |
22.699 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1162.155 |
1131.632 |
652.223 |
|
(b)
Trade payables |
1683.597 |
1996.313 |
1376.513 |
|
(c)
Other current liabilities |
139.949 |
123.237 |
119.694 |
|
(d) Short-term
provisions |
7.900 |
12.259 |
11.348 |
|
Total Current
Liabilities (4) |
2993.601 |
3263.441 |
2159.778 |
|
|
|
|
|
|
TOTAL |
3797.589 |
3955.408 |
2636.257 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
271.703 |
267.374 |
215.861 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
14.684 |
2.818 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.261 |
9.811 |
9.810 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
207.206 |
212.359 |
61.898 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
480.170 |
504.228 |
290.387 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1708.160 |
1927.746 |
1210.961 |
|
(c)
Trade receivables |
1574.733 |
1450.661 |
1026.615 |
|
(d) Cash
and cash equivalents |
3.013 |
1.870 |
3.500 |
|
(e)
Short-term loans and advances |
31.513 |
70.903 |
104.794 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3317.419 |
3451.180 |
2345.870 |
|
|
|
|
|
|
TOTAL |
3797.589 |
3955.408 |
2636.257 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
17917.200 |
15019.200 |
10976.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
17748.401 |
14867.349 |
10845.732 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
168.799 |
151.851 |
130.268 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
53.817 |
49.342 |
43.814 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
114.982 |
102.509 |
86.454 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
7.850 |
6.497 |
11.203 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
0.995 |
0.995 |
0.995 |
|
|
|
Tax on Dividend |
0.169 |
0.161 |
0.165 |
|
|
|
Transfer to General Reserve |
115.000 |
100.000 |
90.000 |
|
|
BALANCE CARRIED
TO THE B/S |
6.668 |
7.850 |
6.497 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports-Goods (F.O.B.) |
290.223 |
44.708 |
40.580 |
|
|
|
For Services |
58.749 |
81.930 |
59.187 |
|
|
|
Reimbursement of Expenses |
37.212 |
2.621 |
2.996 |
|
|
TOTAL EARNINGS |
386.184 |
129.259 |
102.763 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
115.58 |
103.04 |
86.90 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.64
|
0.68 |
0.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.45
|
3.86 |
4.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.27 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.91
|
2.25 |
1.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.06 |
1.09 |
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 |
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) |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10323977 |
09/12/2011 |
220,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA, INDIA |
B28166858 |
|
2 |
10332810 |
03/12/2011 |
126,182,362.00 |
INDIABULLS
HOUSING FINANCE LIMITED |
F-60, MALHOTRA BUILDING,
2ND FLOOR, CONNAUGHT PLACE, NEW DELHI - 110001, INDIA |
B30929574 |
|
3 |
10055336 |
07/06/2011 * |
550,000,000.00 |
STANDARD
CHARTERED BANK |
CRESCENZO, 3A/F,
PLOT NO.C-38 & 39, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI -
400051, MAHARASHTRA, INDIA |
B25204298 |
|
4 |
10024338 |
22/09/2012 * |
490,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA, INDIA |
B61306296 |
|
5 |
10010390 |
22/09/2012 * |
122,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA, INDIA |
B60207859 |
|
6 |
90222309 |
28/03/1994 |
1,000,000.00 |
THE SARASWAT CO
OPERATIVE BANK LIMITED |
DR CINEMA MARG GRANT
ROAD, BOMBAY - 400007, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Deposits from shareholders |
117.534 |
13.026 |
|
Intercorporate deposits |
37.348 |
0.000 |
|
|
|
|
|
Total |
154.882 |
13.026 |
Note:
The Registered office of the company has been shifted from 102, Dhanthak Plaza, Makwana Road, Marol, Andheri (East), Mumbai - 400059, Maharashtra, India to the present address w.e.f. 16.04.2012
OPERATIONS:
During the year, the turnover of the Company stood at Rs.17920.000 Millions as against Rs.15020.000 Millions in the previous year, registering an annual growth of over 19%. Profit before taxation increased by 11% from Rs. 151.900 Millions to Rs. 168.800 Millions. The Profit after Taxation increased by 12% from Rs. 102.800 Millions to Rs. 115.300 Millions. The Industry has registered a growth of merely 2.5% in 2012 against 2011 (Gartner)
During the year, the
Company has added new product line of distribution of Toshiba products and have
been consolidating the existing brands. Therefore its growth was purely attributed
from existing brands.
Foreign exchange was
unfavorable this year again. However during a large period it was range bound
and the Company could avert significant losses.
Their endeavor is to
constantly strive towards brand building with right set of products and brands
continued this year too. Today with their constant efforts by 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. A recent survey conducted by GFK
also endorses similar views.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
i) Counter guarantee given to Bank against their bank
guarantee |
105.048 |
68.720 |
|
ii) Letter of Credit Discounted with Banks |
5.978 |
11.205 |
|
iii) Guarantee to Banks against Credit facilities extended
to third parties: |
|
|
|
- In respect of related party |
50.000 |
0.000 |
|
- In respect of Others |
150.000 |
0.000 |
|
iv) Claims not acknowledged as debts (Rs. 0.225 Million deposited against above demand) |
6.692 |
0.381 |
FIXED ASSETS:
·
Buildings
Office
building
Plant
and equipment
Factory
equipments
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Computer
equipments
Other
equipments
PRESS RELEASES:
EDIMAX APPOINTS
RASHI PERIPHERALS AS THEIR RMA SERVICE PROVIDER
31 July, 2013
Edimax Technology, a leading provider of advanced network communication products,
has appointed Rashi Peripherals as their RMA service provider. Rashi's focused
and neutral RMA services across PAN India will fuel Edimax' plan of offering
gold class support to its customers.
The new partnership aligns Edimax' strategy to provide customized and
localized customer support offerings. Rashi care centre, the exclusive service
centre initiated by Rashi Peripherals will provide support and services to the
entire range of Edimax' products. With the strong support from Rashi, Edimax will
strengthen its network deeper into Tier II and Tier III markets of India.
Eric Yang, country manager, Edimax Technology said, "Providing RMA
services to customers is another step in our long term and successful journey
in India. Rashi's RMA services will help Edimax to expand services in Tier II
and Tier III cities and increase the confidence of the channel partners spread
across India. With this appointment Edimax will spread its market reach much
deeper and wider without compromising on support."
"We look forward to work with Rashi Peripherals, leverage our
combined resources and offer customers with more innovative technologies. Rashi
Peripherals will support Edimax in reaching out to markets of B, C and D cities
and expand our business. India being the fast growing market presents us a
unique opportunity to increase our brand presence and growth" continued
Eric Yang,
Ashok Goenka at Rashi Peripherals said "Edimax is a renowned brand
known for their innovative products. We are extremely delighted to be
associated with the brand. Rashi care centre is an exclusive experience zone
with dedicated team of engineers and technicians to provide the best of the
services to the customers. We are also concentrating on reduction of turnaround
time and further expand our reach in smaller cities and towns. "
LENOVO HONOURS
RASHI PERIPHERALS AS "STAR PERFORMER OF THE YEAR"
VARINDIA IT
MAGAZINE
The annual National Business Partners Meet held
by Lenovo in Jaipur ended with a gala night of presenting awards. Rashi Peripherals has had a great year
with wonderful support from the Lenovo team which was
the major reason for the Rashi team to bag the award of "Star Performer of
the Year" for the T1 category. Everyone at Rashi Peripherals is thrilled
and honoured by this appreciation which motivates the team to work hard and get
the optimum results with same pace.
Ashok Nair, Director - SMB, Lenovo
India, said, "Rashi Peripherals is an integral part of
Lenovo SMB's growth story in India, and we are ready to script history as we grow our business together to a leadership position
this year."
Kapal Pansari, Director - Marketing,
Rashi Peripherals Private Limited, said, "This was an
exceptional event and high honour for Rashi Peripherals to be called the Star
Performer of the Year. I would like to thank the whole Lenovo team for this
appreciation and would hope that this association will
have many such successful milestones in the future."
Rashi and Lenovo have a long and successful association with each other which
has come out with successful outcomes and helped each other grow mutually.
Lenovo has always been a supportive client with a great team that has been
motivating from the very beginning. The future will have more success in store
for the benefit of partners as well as consumers.
RASHI PERIPHERALS
BECOME DISTRIBUTION PARTNER FOR INTEL
Wednesday, September 4, 2013
As part of a strategic move, Rashi Peripherals has announced that it has
been appointed as Intel's distributor in India. This distribution will cover the
complete range of products from Intel which includes desktop Processors, Mobile
Processors, Server Processors, Desktop MB, Server and Workstation MB,
Networking and Chassis, SSD, NUC.
Being the new distributor, Rashi will promote Intel products across 650
towns/cities through 59 branch offices, channel partners even in remote
locations.
Rajesh Goenka, VP - Sales & Marketing, Rashi Peripherals, stated,
"We are excited to be the distribution partner for Intel. It has
been endeavour to take Intel distribution to the smallest towns of India and
make Intel available at wider spectrum of resellers and retailers. Our current
leadership in Hard Drive, RAM, Motherboards, will help us to promote CPU more.
With our sound technical expertise, we are also confident of promoting the
high-end Intel products.
"At Intel, we are committed to fostering partner relationships and
providing real value for our partners and customers. We are pleased to be
working with Rashi and given their access and reach in the country, we are
confident to tap the unrealized potential in the tier-II and tier-III markets
where demand for PC and PC components is robust. The demand of the computer
market continues to grow and evolve. With the collaborative partnership with
Rashi, we aim to strengthen our position across all channel segments,"
said Suryanarayanan B, Director - Sales, Intel South Asia.
With this new partnership, Intel aims to improve its overall component
business.
INTEL APPOINTS RASHI PERIPHERALS AS DISTRIBUTION PARTNER IN INDIA
Mumbai, Sep 3,
2013: Rashi Peripherals will be the distributor for Intel products in India.
Announcing this a press release said, this distributorship will cover the
complete range of products from Intel which includes desktop Processors, Mobile
Processors, Server Processors, Desktop MB, Server and Workstation MB,
Networking and Chassis, SSD, NUC.
With Rashi reach across 650 towns/cities through 59 branch office,
channel partners even in remote locations will get an opportunity to promote
Intel products. Rashi being the dominant player in the DIY market space, will
help improve the overall component business.
“At Intel we are committed to fostering partner relationships and
providing real value for our partners and customers. We are pleased to be working
with Rashi and given their access and reach in the country, we are confident to
tap the unrealized potential in the tier 2 and tier 3 markets where demand for
PC and PC components is robust,” said Suryanarayanan B, Director - Sales, Intel
South Asia. He further added, “The demand of the compute market continues to
grow and evolve. With the collaborative partnership with Rashi, we aim to
strengthen our position across all channel segments.”
Speaking of the future Mr. Rajesh Goenka, VP- Sales and Marketing, Rashi
Peripherals Private Limited says, “We are excited to be the distribution
partner for Intel. It is endeavor to take Intel distribution to the smallest
town of India and make Intel available at wider spectrum of Resellers and
retailers. Our current leadership in Hard Drive, Ram, Motherboards, will help
us to promote CPU more. With our sound technical expertise we are also
confident of promoting the high end Intel products.”
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. 62.39 |
|
|
1 |
Rs. 102.06 |
|
Euro |
1 |
Rs. 84.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.