1. Summary Information
|
Country |
India |
||
|
Company Name |
RASHI PERIPHERALS PRIVATE LIMITED |
Principal Name 1 |
Mr. Sureshkumar Pansari |
|
Status |
Satisfactory |
Principal Name 2 |
Krishna Kumar Choudhary |
|
Registration # |
11-051039 |
||
|
Street Address |
5th Floor, Ariisto House, Junction of N. S. Phadke Road, Corner of Telli Galli, Andheri (East), Mumbai - 400069, Maharashtra |
||
|
Established Date |
15.03.1989 |
SIC Code |
-- |
|
Telephone# |
91-22-61771788 |
Business Style 1 |
Dealer |
|
Fax # |
91-22-61771999 |
Business Style 2 |
Distributor |
|
Homepage |
Product Name 1 |
Computer Peripherals |
|
|
# of employees |
Not Divulged |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 9,948,550/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings 12.00%, Others 88.00% |
Banking |
HDFC
Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
25
Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba
(46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary Company |
-- |
Rashi Peripherals
Pte Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,816,465,000 |
Current Liabilities |
1,823,546,000 |
|
Inventories |
1,708,160,000 |
Long-term Liabilities |
1,280,747,000 |
|
Fixed Assets |
271,703,000 |
Other Liabilities |
24,345,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
3,128,638,000 |
|
Invest& other Assets |
1,261,000 |
Retained Earnings |
659,002,000 |
|
|
|
Net Worth |
668,951,000 |
|
Total Assets |
3,797,589,000 |
Total Liab. & Equity |
3,797,589,000 |
|
Total Assets (Previous Year) |
3,955,408,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Total Income |
17,917,200,000 |
Net Profit |
114,982,000 |
|
Total Income
(Previous yr) |
15,019,200,000 |
Net Profit(Prev.yr) |
102,509,000 |
MIRA INFORM REPORT
|
Report Date : |
06.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
RASHI PERIPHERALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5th Floor, Ariisto House, Junction of N. S. Phadke Road, Corner of Telli Galli, Andheri (East), Mumbai - 400069, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.03.1989 |
|
|
|
|
Com. Reg. No.: |
11-051039 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.949
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1989PTC051039 |
|
|
|
|
IEC No.: |
0389007285 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14063A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR2162H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Distributor of Computer Peripherals. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2670000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having satisfactory track
record. The company possesses an acceptable financial profile marked by
healthy networth base and moderate debt protection metrics alongwith
aggressive total liabilities to tangible networth ratio and large working
capital requirements. Management has seen an increase in its sales volume but has reported a low profit margin due to its limited value adding nature of the business. The ratings also take into consideration the risks related to intense industry competition and fluctuations in foreign exchange rates. However, trade relations are fair. Business is active. Payment terms are reported as usually correct. In view of established position, the subject 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : BBB |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
May 06, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
May 06, 2014 |
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 DECLINED BY
|
Name : |
Mr. Navin Agarwal |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-61771788 |
|
Date : |
04.06.2014 |
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 |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Rashi Complex, 186, Dongri Pada, Poman Village, Bhiwandi Road, Vasai (East), District Thane, Maharashtra, India |
|
|
|
|
RMA Department : |
101, |
|
|
|
|
Mumbai Sales : |
C-205, Cinthofine Industrial Estate, Behind Virwani
Industrial Area, Goregoan (East), Mumbai-400063, |
|
|
|
|
Lamington : |
52/C, Chotani Building, 2nd Floor, Proctor
Road, Jyoti Estate, Grand Road (East), Mumbai-400007, Maharashtra, India |
|
|
|
|
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 |
|
|
|
|
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 |
|
|
|
|
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 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Computer Peripherals. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
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 |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· Indiabulls Housing Finance Limited F-60, Malhotra Building, 2nd Floor, Connaught Place, New
Delhi – 110001, India |
|
|
|
|
Auditors : |
|
|
Name : |
ASL and Company Chartered Accountants |
|
Address : |
102, Gauresh Apartments, Agarkar Chowk, Old Police Lines,
Andheri (East), Mumbai – 400069, Maharashtra, India |
|
Tel No. : |
91-22-26841173 |
|
Fax No. : |
91-22-26842206 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFC1257B |
|
|
|
|
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 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
9.949 |
9.949 |
|
(b) Reserves & Surplus |
|
659.002 |
545.184 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
668.951 |
555.133 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
118.592 |
118.592 |
|
(b) Deferred tax liabilities (Net) |
|
10.111 |
8.079 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
6.334 |
10.163 |
|
Total
Non-current Liabilities (3) |
|
135.037 |
136.834 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
1162.155 |
1131.632 |
|
(b)
Trade payables |
|
1683.597 |
1996.313 |
|
(c)
Other current liabilities |
|
139.949 |
123.237 |
|
(d)
Short-term provisions |
|
7.900 |
12.259 |
|
Total
Current Liabilities (4) |
|
2993.601 |
3263.441 |
|
|
|
|
|
|
TOTAL |
|
3797.589 |
3955.408 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
271.703 |
267.374 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
14.684 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
1.261 |
9.811 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
207.206 |
202.452 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
480.170 |
494.321 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1708.160 |
1927.746 |
|
(c)
Trade receivables |
|
1574.733 |
1450.661 |
|
(d)
Cash and cash equivalents |
|
3.013 |
1.870 |
|
(e)
Short-term loans and advances |
|
31.513 |
80.810 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
3317.419 |
3461.087 |
|
|
|
|
|
|
TOTAL |
|
3797.589 |
3955.408 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.949 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
443.831 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
453.780 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
643.170 |
|
|
2] Unsecured Loans |
|
|
9.053 |
|
|
TOTAL BORROWING |
|
|
652.223 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.510 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1110.513 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
215.861 |
|
|
Capital work-in-progress |
|
|
2.818 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
9.810 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1210.961
|
|
|
Sundry Debtors |
|
|
1026.614
|
|
|
Cash & Bank Balances |
|
|
3.500
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
166.693
|
|
Total
Current Assets |
|
|
2407.768
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1102.850
|
|
|
Other Current Liabilities |
|
|
420.812
|
|
|
Provisions |
|
|
2.082
|
|
Total
Current Liabilities |
|
|
1525.744
|
|
|
Net Current Assets |
|
|
882.024
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1110.513 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
|
17917.200 |
15019.200 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
17748.401 |
14867.349 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
168.799 |
151.851 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
53.817 |
49.342 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
114.982 |
102.509 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
|
7.850 |
6.497 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
|
0.995 |
0.995 |
|
|
|
Tax on Dividend |
|
0.169 |
0.161 |
|
|
|
Transfer to General Reserve |
|
115.000 |
100.000 |
|
|
BALANCE CARRIED
TO THE B/S |
|
6.668 |
7.850 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports-Goods (F.O.B.) |
|
290.223 |
44.708 |
|
|
|
For Services |
|
58.749 |
81.930 |
|
|
|
Reimbursement of Expenses |
|
37.212 |
2.621 |
|
|
TOTAL EARNINGS |
|
386.184 |
129.259 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
115.58 |
103.04 |
|
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 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.91
|
2.25 |
1.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.06 |
1.58 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
9.949 |
9.949 |
|
Reserves & Surplus |
545.184 |
659.002 |
|
Net
worth |
555.133 |
668.951 |
|
|
|
|
|
long-term borrowings |
118.592 |
118.592 |
|
Short term borrowings |
1131.632 |
1162.155 |
|
Total
borrowings |
1250.224 |
1280.747 |
|
Debt/Equity
ratio |
2.252 |
1.915 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
10975.997 |
15019.200 |
17917.200 |
|
|
|
36.837 |
19.295 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
10975.997 |
15019.200 |
17917.200 |
|
Profit |
86.454 |
102.509 |
114.982 |
|
|
0.79% |
0.68% |
0.64% |
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 |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10479537 |
22/01/2014 |
400,000,000.00 |
INDUSIND BANK LIMITED |
INDUSIND HOUSE, 425, D.B. MARG, OPERA HOUSE, MUMBAI - 400004, MAHARASHTRA, INDIA |
B97177141 |
|
2 |
10323977 |
09/12/2011 |
220,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B28166858 |
|
3 |
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 |
|
4 |
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 |
|
5 |
10024338 |
22/09/2012 * |
490,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B61306296 |
|
6 |
10010390 |
22/09/2012 * |
122,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B60207859 |
|
7 |
90222309 |
28/03/1994 |
1,000,000.00 |
THE SARASWAT CO OP BANK LIMITED |
DR CINEMA MARG GRANTROAD, 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 |
CHANGE OF ADDRESS
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:
REACH WILL HELP US
GROW: SURESH PANSARI, RASHI PERIPHERALS
Nov
25, 2013
With the PC market shrinking over the past 3-4
quarters, we expect all distributors to add more vendors and target growth areas
such as mobile phones, tablets, compute and software products
There’s no doubt that the component, and to some extent
the accessory market, is shrinking at a rapid pace. Most distributors,
including Rashi, are aware of this trend and are refocusing and regrouping
their business to ensure that continuous growth is assured.
In our case, as of September 2011, approximately
74 percent of our business was driven by the components and accessories
business. The disk drive shortage triggered in October 2011 ensured the
shrinking of the assembler market, so from around 750,000-800,000 units a
quarter in Q32011 today the system builder market would be less than 450,000
units.
Realizing this trend we started adding more
vendors on the systems, software and mobile front, and by the end of September
2013 only around 30 percent of our business was from components. Having
recently signed up a major vendor in Intel, this may go up to 40 percent in the
next two quarters, but we expect almost all distributors to see continuous
de-growth in their existing components business.
With the PC market also shrinking over the past 3-4
quarters we expect all distributors to add more vendors and target growth areas
such as mobile phones, tablets, networking, servers, and enterprise storage and
software products.
The biggest worry is the rupee fluctuation. Most
distributors will decrease their dependence on direct imports and will be eager
to work with vendors that offer rupee billing.
Channel inventory is a big concern. The need of
the hour is for vendors to be realistic about their targets and to ensure that
there is less pressure on distributors. We expect that during the current
fiscal the bad debts across the industry would be bigger than in FY2012-13.
At Rashi, while we continue to empower, advise
and support existing channels, we are also on the look-out for newer channels
as our vendor focus changes and new vendors are added. This I believe is true
for all distributors.
Since some of the trends such as online are
disruptive for an average partner, we expect vendors to streamline their
partner strategies and that this would benefit the distributors.
The biggest value which a distributor of our
size would bring will be reach, and we will continue investing in reaching
partners in small towns. Today we bill to just under 800 towns, and by next
year we expect to bill partners across 1,000 towns. As technology matures we
will soon see today’s niche technologies targeted at enterprises becoming
mainstream, and vendors would depend on us for more reach.
INTEL
APPOINTS RASHI PERIPHERALS AS DISTRIBUTION PARTNER IN INDIA
Sep
03, 2013
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 & Marketing,
Rashi Peripherals Privtae 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.”
NORTON
APPOINTS RASHI PERIPHERALS AS NATIONAL DISTRIBUTOR FOR INDIA
Thursday, August 29, 2013: Norton by Symantec today announced the
appointment of Rashi Peripherals, one of India’s leading value added
distributors, as its second national distributor, alongside Fortune Marketing,
to promote and sell Norton’s entire range of security software products. The
appointment of Rashi Peripherals is in tandem with Symantec’s growth strategy
of expanding its foot-print across India and commitment to protecting consumers
from the ever-increasing malicious code activity.
Complementing Fortune Marketing’s distribution network across India, Rashi Peripherals will boost Norton’s presence in the country through its extensive network of over 60 branches offices, 64 service centres and more than 9000 Partners in 650 cities spread across A, B, C and D class cities. All Norton products are available for purchase through their branches in India.
RASHI TAKES CBF TO
THE NEWLY FORMED ‘SEEMANDHRA’
The event was held
in Vizag & Vijaywada
Feb
26, 2014
Rashi Peripherals conducted the ninth edition of Channel Business Forum
in the newly formed state of Seemandhra. The event was held in the two
geographically largest cities of Seemandhra: Vizag & Vijaywada.
The event ended at a very high note with success and unparalleled
partner response announced the press release. It further added that Rashi
Peripherals is the first from the IT industry to hold an event after the
formation of Seemandhra.
Rashi Peripherals planned this event in Vizag & Vijaywada so that
partners understand more about the new products with a full interaction with
the Rashi Team. The event in Vizag was attended by more than 50 partners and
Vijaywada scored high with nearly 95 partners showing up for their support to
IT Industry and Rashi Peripherals. Many partners have requested for the
event to be held again next year, which speaks about the scale of success
achieved by CBF-IX further informed the release.
A. Banthia, Coastal Trade Links, Vizag, said, “This was a very
innovative and creative effort by the Rashi Team. We are proud to be a part of
this event and every partner participated in CBF-IX. We wish that many such
events happen at Vizag in the future.”
Rajesh Goenka, VP (Sales & Marketing), Rashi Peripherals, said,
“Vizag & Vijaywada are one of the most active cities when it comes to IT.
We will continue to educate and inform partners about the latest products which
will help them sell better.”
RASHI
PERIPHERALS TEAMS UP WITH MOBOTIX AG
Tuesday,
June 3, 2014
MOBOTIX AG is now tapping the Indian landscape and has
teamed up with Rashi Peripherals to distribute MOBOTIX AG products across
India. Rashi Peripherals has a reach of 58 branches and 60 service centres
across the country which makes all the products easily accessible even in the
farthest corners of the world.
Rajesh Goenka, VP- Sales & Marketing, Rashi
Peripherals Pvt. Ltd. says “Rashi has already been active directly and
indirectly in the surveillance space and tie up with MOBOTIX AG will help us to
enhance our offerings particularly at the high end and at the
enterprise/corporate level. We are very excited to bring made in Germany
brand Mobotix to partners all across the country.”
The biggest advantage a MOBOTIX AG Security
Vision System is that there will be no need of anything else as it combines the
NVR / VMS in the Camera with direct connectivity NAS for Storage. India being
the hub of growth needs a simple yet effective security solution for all
climate and conditions. The innovative camera design also features a
weather-proof IP66 Camera operating -30°C to +60°C at 4Watts of Power, no
moving parts and unrivalled robustness ensuring a longer product lifecycle
resulting in a lower total cost of ownership over the life of the product.
One MOBOTIX camera replaces 5 to 10 normal
cameras and gives more accurate detail of wide-angle images with 5 megapixel
technology. In case more cameras need to be added to the setup, it does not
require any additional license fees.
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 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. 59.30 |
|
|
1 |
Rs. 99.34 |
|
Euro |
1 |
Rs. 80.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
|
46 |
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.