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MIRA INFORM REPORT
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Report No. : |
486473 |
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Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
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Name : |
RISING STARS MOBILE INDIA PRIVATE LIMITED |
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Registered
Office : |
380, Belerica Road, Sri City, Siddam Agraharam Village, Varadaiah
Palem Mandal, Chittor Cuddapah – 517541, Andhra Pradesh |
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Mobile No.: |
91-9840048318 (Mr. Rajeev
Prakash) |
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Country : |
India |
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Financials (as
on) : |
Not Divulged |
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Date of
Incorporation : |
01.05.2015 |
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Com. Reg. No.: |
01-096605 |
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Capital
Investment / Paid-up Capital : |
INR 6638.700 Million |
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CIN No.: [Company Identification
No.] |
U31401AP2015PTC096605 |
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IEC No.: |
Not Divulged |
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GSTIN/UIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
VPNR01874F |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers, Sales, Merchants, Dealers and Distributors of all types
of Mobile Phones/Hand Phones, Telecommunication Devices such as Palmtops,
Smart Watches Computer and Electronic Books, Wireless electronic devices,
Accessories thereof and other Electronic products. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2015. Management has not filed its financials record with Government
Department since its inception and same are not available from any sources. Mr. Narayanan Rajeeva Prakash (Company Secretary) has denied to provide
any information about the subject to us. However, rating takes into account the company’s huge capital
structure and extensive experience of its promoters. Payment terms are unknown. In view of the aforesaid, the company can be considered for business
dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 17.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
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Name : |
Mr. Narayanan Rajeeva Prakash |
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Designation : |
Company Secretary |
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Contact: |
91-9840048318 |
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Date: |
16.01.2018 |
LOCATIONS
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Registered Office / Factory: |
380, Belerica Road, Sri City, Siddam Agraharam Village, Varadaiah
Palem Mandal, Chittor Cuddapah – 517541, Andhra Pradesh, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9840048318 (Mr. Narayanan
Rajeeva Prakash) 91-9677275696 (Mr. Samson) |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 31.03.2017
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Name : |
Yang Shu Hui |
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Designation : |
Director |
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Address : |
3F, No.14, Aly.50, LN 410, Zhongxiao Road, 17th Neighborhood, Erwang Village, Yongkang District, Tainan - 71074, Taiwan, India |
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Date of Birth/Age : |
01.06.1979 |
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Date of Appointment : |
01.05.2015 |
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PAN No.: |
AMTPY3564A |
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DIN No.: |
07033991 |
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Other Directorship:
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Name : |
Liu Chien Liang |
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Designation : |
Director |
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Address : |
3F, No 13, LN 75, Wanshou Road, Wenshan District, Taipei City, 116, Taiwan |
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Date of Birth/Age : |
02.04.1970 |
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Date of Appointment : |
01.05.2015 |
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DIN No.: |
07161111 |
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KEY EXECUTIVE
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Name : |
Mr. Narayanan Rajeeva Prakash |
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Designation : |
Company Secretary |
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Address : |
Old No 2, New # 3, 5th Street, Dr Subburayan Nagar,
Kodambakkam, Chennai, 600024, Tamilnadu, India |
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Date of Appointment : |
14.10.2015 |
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PAN No.: |
AAEPP9385K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.04.2015
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Names of Shareholders |
No. of Shares |
Holding % |
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Liu Chien Liang |
01 |
0.10 |
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Yang Shu Hui |
999 |
99.90 |
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Total |
1000 |
100.00 |
LIST OF ALLOTTEES
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Names of Allottees |
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No. of Shares |
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Aptech Electronics PTE Limited, Singapore |
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1 |
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Wonderful Star PTE Limited, Singapore |
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19140000 |
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Total |
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19140001 |
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Names of Allottee |
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No. of Shares |
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Wonderful Star PTE Limited, Singapore |
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3168498 |
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Total |
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3168498 |
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Names of Allottee |
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No. of Shares |
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Wonderful Star PTE Limited, Singapore |
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13372000 |
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Total |
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13372000 |
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Names of Allottee |
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No. of Shares |
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Wonderful Star PTE Limited, Singapore |
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3313500 |
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Total |
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3313500 |
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Names of Allottee |
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No. of Shares |
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Wonderful Star PTE Limited, Singapore |
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27392000 |
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Total |
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27392000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers, Sales, Merchants, Dealers and Distributors of all types
of Mobile Phones/Hand Phones, Telecommunication Devices such as Palmtops,
Smart Watches Computer and Electronic Books, Wireless electronic devices,
Accessories thereof and other Electronic products. (Registered Activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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66400000 |
Equity Shares |
INR 100/- each |
INR 6640.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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66386999 |
Equity Shares |
INR 100/- each |
INR 6638.700 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
NOT DIVULGED
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
Yes |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
No |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
No |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
Yes |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
Yes |
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31 |
Litigations that the firm/promoter
involved in |
-- |
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32 |
Market information |
-- |
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33 |
Payments terms |
No |
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34 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
PRESS RELEASE
SAMSUNG, RISING STAR
AND INTEX ARE INDIA’S LEADING MOBILE OEMS: CMR
APRIL 10, 2017
Samsung, Intex and Rising Star are the top three Original Equipment Manufacturers (OEMs) in India, according to CMR
Samsung, Rising Star and Intex are the top three Original Equipment Manufacturers (OEMs) in India for the fourth quarter of 2016, according to market research firm CyberMedia Research (CMR). The report also notes that it was perhaps time to take another look at ‘Make in India’ initiative. It notes that there is a need to strengthen domestic brands in manufacturing with a focus on bringing design and engineering to India as well.
According to CMR, 48 OEMs and third party manufacturers made mobile handsets in India during Q4, 2016, while the rest 140 ODMs supply to brands selling in India. OEMs are the original manufacturers, while ODMs are Original Design Manufacturers, which design and manufacture phones, which are then branded and sold by another smartphone company. If one goes by the CMR report, ODMs are dominating the Indian mobile market.
While Intex leads in the under 4K smartphone range, Samsung is on top in the 4K-8K range as well 15K-20K. Rising Stars Mobile India leads in the 10K to 15K range. This OEM manufacturers phones for Asus, Gionee, InFocus, Microsoft, Oppo, and Xiaomi in India. Hong Fu Ji Precision Electronics is leading in the above 20K range; this is a subsidiary of Foxconn.
“The positive thing about ‘Make in India’ of attracting foreign OEMs to assemble/manufacture in India has been progressively achieved. However, at the same time, it has not resulted in strengthening of domestic brands. There is a need to revisit the initiative that focuses on empowering domestic brands within the global trade regime,” said Faisal Kawoosa, Principal Analyst, Industry Intelligence Practice at CMR.
“CMR believes ‘MADE’ for handsets stands for Manufacturing, Assembling, Designing and Engineering, while the Manufacturing and Assembling have been taken care of, now we should gear up for designing and engineering to complete the acronym MADE,” he added.
According to Faisal, this can be achieved by supporting domestic brands, and giving impetus to local manufacturing and design. “Otherwise, we are seeing non-local brands, especially from China, gaining market at the cost of Indian brand share,” he pointed out.
As per the report, Samsung is the leading ODM for overall mobiles as well as smartphones in India. Rising Star is the leading third party manufacturer, while Intex and Vivo are the other two ODMs making to the top three lists of overall handsets and smartphones respectively.
Top global ODMs manufacturing handsets for India market are Shenzhen Tecno Technology which manufactures for Itel, Samsung Electronics (Huizhou) and Shenzhen Benavi Electronics Co Limited, which manufactures for Micromax and Zen.
“Make in India has surely helped to pull the crowd and the numbers are quite encouraging for the country. In fact, the ratio of domestic and import shipments today stands at 66:34. But now the only concern remains to reduce the global imports, which is possible with government’s intervention. Apple’s manufacturing plans would further improve the current scenario,” said Krishna Mukherjee, Telecom Analyst with CMR in a press statement.
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 records 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
|
INR |
|
US Dollar |
1 |
INR 63.76 |
|
UK Pound |
1 |
INR 87.91 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
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Analysis Done by
: |
NYT |
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Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.