MIRA INFORM REPORT

 

 

Report No. :

327117

Report Date :

15.06.2015

 

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

Tel. No.:

91-22-61771788

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

15.03.1989

 

 

Com. Reg. No.:

11-051039

 

 

Capital Investment / Paid-up Capital :

Rs. 9.949 Million

 

 

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 and Mobile and Importer of Computer Parts

 

 

No. of Employees :

Information declined by the management

 

 

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

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in 1989, promoted by Mr. Suresh Pansari and Mr. K.K. Choudhary.

 

The company distributes IT Hardware. It has 55 branches and 7000 channel partners in more than 400 towns and cities in India.

 

It 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 along with 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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CRISIL

Rating

Long term rating : BBB

Rating Explanation

Have moderate degree of safety and carry moderate credit risk.

Date

10.06.2015

 

 

Rating Agency Name

CRISIL

Rating

Short term rating : A3+

Rating Explanation

Have moderate degree of safety and carry higher credit risk.

Date

10.06.2015

 

 

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 31-03-2013.

INFORMATION DENIED BY

 

Name :

Mr. Navin Agarwal

Designation :

Finance Manager

Contact No.:

91-9819556533

Date :

15.06.2015

 

 

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 :

navina@rptechindia.com

ho@rptecindia.com

contactus@rptechindia.com

Website:

http://www.rptechindia.com

Location :

Owned

 

 

Warehouse :

Rashi Complex, 186, Dongri Pada, Poman Village, Bhiwandi Road, Vasai (East), District Thane, Maharashtra, India

 

 

RMA Department :

101, Shubh Building, Sagar Manthan Industrial Complex, Bhoidarpada, Vasai Road (East), District Thane, Maharashtra, India

 

 

Mumbai Sales :

C-205, Cinthofine Industrial Estate, Behind Virwani Industrial Area, Goregoan (East), Mumbai-400063, Maharashtra, India

 

 

Supporting Office :

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 30.09.2014

 

Name :

Mr. Sureshkumar Mahavirprasad 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

Other Directorship:

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U30007MH1989PTC051039

RASHI PERIPHERALS PRIVATE LIMITED

Director

15/12/1989

15/12/1989

-

Active

NO

2

AAB-2023

PV LUMENS LLP

Designated Partner

03/11/2012

03/11/2012

-

Active

NO

3

AAC-4223

UNISEVEN LUBE LLP

Designated Partner

01/07/2014

01/07/2014

-

Active

NO

 

Name :

Mr. Krishna Kumar Radheyshyam 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

Other Directorship :

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U30007MH1989PTC051039

RASHI PERIPHERALS PRIVATE LIMITED

Director

28/02/1997

28/02/1997

-

Active

NO

2

U70102MH2008PTC181471

R.C. Realtors Private Limited

Director

30/01/2010

30/01/2010

-

Active

NO

3

U72900MH2010PTC209028

KUBERA INFOTECH PRIVATE LIMITED

Director

14/10/2010

14/10/2010

-

Active

NO

4

U93030MH2013NPL239265

Technology Distribution Association of India

Director

03/01/2013

03/01/2013

-

Active

NO

 

 

Name :

Mr. 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

Other Directorship :

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U28920MH1996PTC100013

KAIZEN MACHINE WORKS PRIVATE LIMITED

Director

01/04/2006

01/04/2006

01/10/2012

Converted to LLP and dissolved

NO

2

U30007MH1989PTC051039

RASHI PERIPHERALS PRIVATE LIMITED

Director

07/09/2007

01/07/2007

-

Active

NO

3

U24248MH2011PTC222542

CEEKAY Healthcare Private Limited

Director

15/07/2013

01/05/2013

-

Active

NO

4

U24239MH2010PTC209695

CEEPEE Pharma Private Limited

Director

13/05/2013

13/05/2013

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Navin Agarwal 

Designation :

Finance Manager

 

 

 

 

MAJOR SHAREHOLDERS

 

As on 30.09.2014

 

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 30.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others

12.00

Other

88.00

Total

100.00

 

BUSINESS DETAILS

 

Line of Business :

Dealer and Distributor of Computer Peripherals and Mobile and Importer of Computer Parts

 

 

Products :

Item Code No. (ITC Code)

Product Description

84711310

Computer Peripherals / Media / Systems / Softwares / Mobiles

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Not Divulged

 

 

Purchasing :

Not Divulged

 

 

PRODUCTION STATUS: Not Available

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Banker Name

HDFC bank Limited

Branch Address

Lower Parel, Mumbai, Maharashtra, India

Person Name (With Designation)

Mr. Kushal Shah (RM)

Contact Number

91-9619404298

Name of Account Holder

Rashi Peripherals Private Limited

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

WC – Rs. 1100.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Banker Name

Standared Chartered Bank

Branch Address

Fort Branch, Mumbai, Maharashtra

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

WC – Rs. 1150.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Banker Name

Indus Ind Bank

Branch Address

Andheri (E), Mumbai, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

WC – Rs. 400.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Loans taken for fixed assets

121.292

118.592

 

 

 

SHORT TERM BORROWINGS

 

 

Working capital loans from banks

1222.635

1007.273

Total

1343.927

1125.865

 

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 :

choudhary.pansari@mtnl.net.in 

Income-tax PAN of auditor or auditor's firm :

AAAFC1257B

 

 

Memberships :

Not Divulged

 

 

Collaborators :

Not Divulged

 

 

Relatives of key management personnel and their enterprises where transaction have taken place

 
  • Cee Pee Consultants
  • Uni Products India
  • International Ribbon Manufacturing Company
  • Cee Pee Pharma Private Limited
  • R.C.Realtors Private Limited
  • MN&C Retail Links Private Limited
  • PV Lumene LLP
  • Technology Distrbution Association of India

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/- each

Rs.10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

994855

Equity Shares

Rs.10/- each

Rs. 9.949 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

9.949

9.949

9.949

(b) Reserves & Surplus

775.179

659.002

545.184

(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)

785.128

668.951

555.133

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

366.114

236.126

118.592

(b) Deferred tax liabilities (Net)

17.338

10.111

8.079

(c) Other long term liabilities

0.600

0.000

0.000

(d) long-term provisions

0.133

6.334

10.162

Total Non-current Liabilities (3)

384.185

252.571

136.833

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

1239.169

1044.621

1131.632

(b) Trade payables

2025.050

1683.597

1996.313

(c) Other current liabilities

161.439

139.949

123.237

(d) Short-term provisions

13.943

7.900

12.259

Total Current Liabilities (4)

3439.601

2876.067

3263.441

 

 

 

 

TOTAL

4608.914

3797.589

3955.407

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

257.867

271.703

267.374

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

14.684

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1.261

1.261

9.811

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

223.096

207.206

212.359

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

482.224

480.170

504.228

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

2013.280

1708.160

1927.746

(c) Trade receivables

2074.601

1574.733

1450.661

(d) Cash and cash equivalents

4.791

3.013

1.870

(e) Short-term loans and advances

33.864

31.513

70.902

(f) Other current assets

0.154

0.000

0.000

Total Current Assets

4126.690

3317.419

3451.179

 

 

 

 

TOTAL

4608.914

3797.589

3955.407

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

TOTAL INCOME

22060.500

17921.000

15019.200

 

 

 

 

 

 Less

TOTAL EXPENSES

21877.609

17752.201

14867.349

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

182.891

168.799

151.851

 

 

 

 

 

Less

TAX

63.804

53.817

49.342

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

119.087

114.982

102.509

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

6.668

7.850

6.497

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

Transfer to General Reserve

120.000

115.000

100.000

 

Proposed Dividend

2.487

0.995

0.995

 

Tax on Dividend

0.423

0.169

0.161

 

Total

122.910

116.164

101.156

 

 

 

 

 

 

Balance Carried to the B/S

2.845

6.668

7.850

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Exports Goods (F.O.B.)

203.479

290.223

44.708

 

Exports Service (F.O.B.)

27.442

58.749

81.931

 

Reimbursement expenses

72.831

37.212

2.621

 

TOTAL EARNINGS

303.752

386.184

129.260

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

119.70

115.58

103.04

 

 

 

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.97

4.45

3.86

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.23

0.25

0.27

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

2.04

1.91

2.25

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.20

1.15

1.06

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

9.949

9.949

9.949

Reserves & Surplus

545.184

659.002

775.179

Net worth

555.133

668.951

785.128

 

 

 

 

long-term borrowings

118.592

236.126

366.114

Short term borrowings

1131.632

1044.621

1239.169

Total borrowings

1250.224

1280.747

1605.283

Debt/Equity ratio

2.252

1.915

2.045

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

15019.200

17921.000

22060.500

 

 

19.321

23.099

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

15019.200

17921.000

22060.500

Profit

102.509

114.982

119.087

 

0.68%

0.64%

0.54%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

Yes

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

Yes

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

No

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

Note:

 

The Registered office of the company has been shifted 102, Dhantak Plaza, Makwana Road, Marol, Andheri (E), Mumbai – 400059, Maharashtra, India to the present address w.e.f. 16.04.2012

 

 

INDEX OF CHARGES

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10518920

13/08/2014

600,000,000.00

Standard Chartered Bank

Narain Manzil, 23, Barakhamba Road, Delhi, Delhi - 110001, INDIA

C19831981

2

10479537

22/01/2014

400,000,000.00

INDUSIND BANK LTD.

Indusind House, 425, D.B. Marg, Opera House, Mumbai, Maharashtra - 400004, INDIA

B97177141

3

10323977

09/12/2011

220,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA

B28166858

4

10332810

03/12/2011

126,182,362.00

INDIABULLS HOUSING FINANCE LIMITED

F-60, MALHOTRA BUILDING, 2ND FLOOR, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA

B30929574

5

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, Maharashtra - 400051, INDIA

B25204298

6

10024338

19/09/2014 *

640,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL 
W, MUMBAI, Maharashtra - 400013, INDIA

C25118282

7

10010390

22/09/2012 *

122,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA

B60207859

8

90222309

28/03/1994

1,000,000.00

THE SARASWAT CO OP BANK LTD

DR CINEMA MARG GRANTROAD, BOMBAY, Maharashtra - 400007, INDIA

-

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Intercorporate borrowings

2.476

0.000

Deposits from shareholders

165.428

117.534

Loans and advances from related parties

76.918

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

Intercorporate deposits

16.534

37.348

Total

261.356

154.882

 

 

CONTINGENT LIABILITIES:

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2014

(Rs. In Million)

Counter guarantee given to Bank against their bank guarantee

163.241

105.048

Letter of Credit Discounted with Banks

2.675

5.978

Outstanding Standby Letter of Credit

119.820

0.000

Guarantee to Banks against Credit facilities extended to third parties:

 

 

In respect of related party

0.000

50.000

In respect of Others

150.000

150.000

Claims not acknowledged as debts

Disputed

59.624

6.692

 

 

FIXED ASSETS

 

  • Buildings
  • Office building
  • Plant and equipment
  • Other plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Motor vehicles
  • Office equipment
  • Computer equipments
  • Other equipments

 

 

PRESS RELEASE

                                   

RASHI PERIPHERALS TO DISTRIBUTE CHROMECAST IN INDIA  

 

Wednesday, December 10, 2014:  Chromecast is a new and easy way to watch online video, or anything from the web on your home TV screen. A streaming media device that plugs into any HDTV in your house, Chromecast plus a good broadband connection, make it easy to bring the content from your phone, tablet or computer to the big screen. 

 

The Google Chromecast will be distributed by Rashi Peripherals in India who plan to make it reach to the farthest corners of the country with the help of their 53 branches and 58 service centers along with the reach of almost 750 cities and towns across the country.


This makes it easier to access any kind of information directly from the internet or through mirroring any other device. Chromecast is compatible with any Android phone, tablet, iPhone, iPad, Mac or Windows laptop, or Chromeook. With Chromecast your phone, tablet or laptop acts like a remote — you can press play and pause, control the volume, and more but unlike other streaming solutions, you can still multitask.


Mr. Rajesh Goenka, VP-Sales & Marketing, Rashi Peripherals Pvt. Ltd. says “We look forward to bringing Chromecast to consumers across India and hope they enjoy casting their favorite content to the big screen.”

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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. 64.03

UK Pound

1

Rs. 99.27

Euro

1

Rs. 71.90

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TRU

 

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

--PROFITABILITY

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

DEFAULTER

 

 

--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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.