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MIRA INFORM REPORT
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Report No. : |
509403 |
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Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
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Name : |
RASHI PERIPHERALS PRIVATE LIMITED |
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Registered
Office : |
5th Floor, Ariisto House, Junction of N. S. Phadke Road, Corner of Telli Galli, Andheri (East), Mumbai - 400069, Maharashtra |
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Tel. No.: |
91-22-61771788 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
15.03.1989 |
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Com. Reg. No.: |
11-051039 |
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Capital
Investment / Paid-up Capital : |
INR 9.949 Million |
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CIN No.: [Company Identification
No.] |
U30007MH1989PTC051039 |
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IEC No.: [Import-Export Code No.] |
0389007285 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACR2162H |
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TIN No.: |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACR2162H1ZK |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the Distributor of Computers, Peripherals, Mobiles etc. [Registered Activity] |
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No. of Employees
: |
Information declined 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 : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1989. The company is amongst the top five category-B IT hardware distributors in India. The company has a healthy network of 53 branches and warehouses and 7000 channel partners covering over 400 towns. The company has made significant vendor additions in the recent past, including brands such as Apple, Intel and Toshiba. It is a distributor of Computer Peripherals and Mobiles. For the financial year 2017, the company has achieved 27.06% growth in its revenue as compared to the previous year revenue but has reported low profit margin of 0.56%. The sound financial profile of the company is marked by healthy networth base along with comfortable debt coverage indicators. The company has decent Earning per Share (EPS) of INR 217.12 against the Face Value (FV) of INR.10 The rating takes into consideration the subject’s long established track record of the business operations along with extensive experience of its promoters. However, these rating strengths are partially offset by low operating margins due to intense competition, aggressive capital structure, and large working capital requirement. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating=BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
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Date |
01.02.2018 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating=A2 |
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Rating Explanation |
Strong degree of safety and low credit risk |
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Date |
01.02.2018 |
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
31-03-2018.
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 18.05.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-22-61771788]
LOCATIONS
|
Registered Office : |
5th Floor, Ariisto House, Junction of N. S. Phadke Road, Corner of Telli Galli, Andheri (East), Mumbai - 400069, Maharashtra, India |
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Tel. No.: |
91-22-61771788/ 61771771/72 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at · Agartala · Ahmednagar · Ahmedabad · Amravati · Aurangabad · Bangalore · Baroda · Bhopal · Bhubaneswar · Chennai · Chandigarh · Calicut · Cochin · Coimbatore · Dehradun · Durgapur · 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 · Vijaywada · Vizag · Vishakhapatnam |
DIRECTORS
AS ON: 31.03.2017
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Name : |
Mr. Kapal Suresh Pansari |
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Designation : |
Whole-time Director |
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Address : |
801, Shubh Aangan, 5th N S Road, JVPD Scheme , Vile Parle ( W) Mumbai 400056 , Maharashtra, India |
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Date of Birth/Age : |
21.12.1983 |
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Qualification : |
B. Com and MBA |
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Date of Appointment : |
07.09.2007 |
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PAN No.: |
AJVPP4956G |
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DIN No.: |
00215510 |
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Name : |
Mr. Sureshkumar Mahavirprasad Pansari |
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Designation : |
Whole-time Director |
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Address : |
801, Shubhangan Building, 5th N.S. Road, Jvpd Scheme, Vile Parle (West) Mumbai 400056, Maharashtra, India |
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Date of Birth/Age : |
11.06.1954 |
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Qualification : |
B. Com. and FCA |
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Date of Appointment : |
15.12.1989 |
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PAN No.: |
AFKPP1118B |
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DIN No.: |
00215712 |
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Name : |
Mr. Krishna Kumar Choudhary |
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Designation : |
Whole-time Director |
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Address : |
402, Shubhangan, Plot 27 Hchl, Jvpd Road No.5, Vile Parle (West) Mumbai 400056, Maharashtra, India |
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Date of Birth/Age : |
07.02.1955 |
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Qualification : |
B. Com. and FCA |
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Date of Appointment : |
28.02.1997 |
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DIN No.: |
00215919 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
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Manju Pansari |
116876 |
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K.K. Choudhary jointly Meena Choudhary |
95000 |
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Meena Choudhary jointly Manju Pansari, K.K. Choudhary HUF Suresh Pansari HUF |
116489 |
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Suresh Pansari |
124375 |
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Meena Choudhary |
68375 |
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K.K. Choudhary Karta of K.K. Choudhary HUF |
7500 |
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Suresh Pansari Karta of Suresh Pansari HUF |
4400 |
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Kapal Pansari |
73500 |
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Chaman Pansari |
57000 |
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Krishna Kumar Choudhary |
30875 |
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Priyanka Kapal Pasari |
1600 |
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Keshav Choudhary |
176000 |
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Navin Agarwal |
5 |
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Ramesh Saraf |
5 |
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Sohan Goenka |
61427 |
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Yash Agarwal |
49000 |
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Pooja Agarwal |
12428 |
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Total |
994855 |
AS ON: 06.07.2017
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Promoters – Individual/ Hindu Undivided Family – Indian |
87.65 |
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Public/Other than promoters – Individual/ Hindu Undivided Family – Non-resident Indian (NRI) |
12.35 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the Distributor of Computers, Peripherals, Mobiles etc. [Registered Activity] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 Declined by the management |
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Bankers : |
· State Bank of India Industrial Finance Branch, Sakinaka, 1st Floor, Lekhraj Bhavan, Saki Vihar Road, Andheri (East), Mumbai-400072, Maharashtra, India · IndusInd Bank Limited |
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Facilities : |
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Auditors : |
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Name : |
ASL and Company Chartered Accountants |
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Address : |
302, ECO Space, Old Nagardas Road, Mogra Village, Andheri (East), Mumbai 400069 , Maharashtra, India |
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PAN No.: |
AAAFC1257B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives: |
· CEEPEE Consultants · CEEPEE Pharma Private Limited · Choudhary Chemicals Industries Private Limited · MN & C Retail Links Private Limited · PV Lumenes LLP · Technology Distribution Association of India |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
994855 |
Equity Shares |
INR 10/- each |
INR 9.949
Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
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|
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(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
9.949 |
9.949 |
9.949 |
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(b) Reserves & Surplus |
1301.396 |
1085.393 |
928.059 |
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(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1311.345 |
1095.342 |
938.008 |
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|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
167.455 |
214.560 |
245.748 |
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(b) Deferred tax liabilities (Net) |
17.654 |
14.069 |
15.315 |
|
(c)
Other long term liabilities |
3.450 |
0.000 |
0.600 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
188.559 |
228.629 |
261.663 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
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(a)
Short term borrowings |
2097.945 |
1909.117 |
1859.342 |
|
(b)
Trade payables |
3500.981 |
3045.840 |
2437.357 |
|
(c)
Other current liabilities |
459.467 |
231.759 |
298.741 |
|
(d)
Short-term provisions |
25.182 |
21.512 |
12.734 |
|
Total
Current Liabilities (4) |
6083.575 |
5208.228 |
4608.174 |
|
|
|
|
|
|
TOTAL |
7583.479 |
6532.199 |
5807.845 |
|
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|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
172.192 |
191.592 |
212.012 |
|
(ii)
Intangible Assets |
3.777 |
9.979 |
6.173 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.361 |
0.361 |
1.261 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
271.812 |
269.473 |
241.055 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
448.142 |
471.405 |
460.501 |
|
|
|
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|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3324.338 |
3299.485 |
2392.492 |
|
(c)
Trade receivables |
3748.887 |
2693.949 |
2872.225 |
|
(d)
Cash and cash equivalents |
5.483 |
5.262 |
4.201 |
|
(e)
Short-term loans and advances |
56.629 |
62.098 |
77.760 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.666 |
|
Total
Current Assets |
7135.337 |
6060.794 |
5347.344 |
|
|
|
|
|
|
TOTAL |
7583.479 |
6532.199 |
5807.845 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
38403.136 |
30222.819 |
28078.234 |
|
|
|
Other Income |
37.218 |
31.654 |
13.387 |
|
|
|
TOTAL |
38440.354 |
30254.473 |
28091.621 |
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
36746.367 |
29767.229 |
27241.192 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(24.853) |
(906.993) |
(379.212) |
|
|
|
Employees benefits expense |
516.235 |
446.522 |
404.324 |
|
|
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Other expenses |
614.603 |
434.498 |
372.910 |
|
|
|
CSR Expenditure |
1.193 |
1.600 |
0.000 |
|
|
|
TOTAL |
37853.545 |
29742.856 |
27639.214 |
|
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|
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PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
586.809 |
511.617 |
452.407 |
|
|
|
|
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|
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|
|
Less |
FINANCIAL
EXPENSES |
212.202 |
227.251 |
162.029 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
374.607 |
284.366 |
290.378 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
33.713 |
41.422 |
51.915 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
340.894 |
242.944 |
238.463 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
124.891 |
84.413 |
76.775 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
216.003 |
158.531 |
161.688 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of traded goods exported |
126.991 |
185.165 |
194.627 |
|
|
|
Earnings on other income |
0.000 |
32.156 |
64.819 |
|
|
TOTAL EARNINGS |
126.991 |
217.321 |
259.446 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
217.12 |
159.35 |
162.52 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
184.731 |
321.580 |
(234.588) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(135.830) |
7.430 |
(479.489) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
35.63 |
32.53 |
37.34 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
10.24 |
11.22 |
9.78 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
34.78 |
37.35 |
32.66 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.18 |
0.16 |
0.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.33 |
2.54 |
2.07 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.82 |
0.83 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.73 |
1.94 |
2.24 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.64 |
4.75 |
4.91 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.13 |
0.18 |
0.23 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.77 |
2.25 |
2.79 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.56 |
0.52 |
0.58 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.85 |
2.43 |
2.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.47 |
14.47 |
17.24 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.17 |
1.16 |
1.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.63 |
0.53 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.17 |
0.17 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
227.70 |
213.46 |
211.59 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.17 |
1.16 |
1.16 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
9.949 |
9.949 |
9.949 |
|
Reserves & Surplus |
928.059 |
1085.393 |
1301.396 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
938.008 |
1095.342 |
1311.345 |
|
|
|
|
|
|
long-term borrowings |
245.748 |
214.560 |
167.455 |
|
Short term borrowings |
1859.342 |
1909.117 |
2097.945 |
|
Total
borrowings |
2105.090 |
2123.677 |
2265.400 |
|
Debt/Equity
ratio |
2.244 |
1.939 |
1.728 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
28078.234 |
30222.819 |
38403.136 |
|
|
|
7.638 |
27.067 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
28078.234 |
30222.819 |
38403.136 |
|
Profit/ (Loss) |
161.688 |
158.531 |
216.003 |
|
|
0.58% |
0.52% |
0.56% |
LEGAL CASES
|
Case Details Case Type: Original Suit Filing Number: 238/2016Filing Date: 29-02-2016 Registration No.: 111/2016Registration Date: 04-03-2016 Case Code: 201600002382016 Case Status First Hearing Date: 19th March 2016 Next Hearing Date: 15th September 2016 Stage of Case: Disposal of 6C Court No. and Judge: 3-Civil Judge (Sr. Div.) PETITIONER AND ADVOCATE 1) M/s. Air Wave International
Pvt. Ltd. RESPONDENT AND ADVOCATE 1) M/s Rashi Peripherals Pvt.
Ltd. ACTS
HISTORY OF CASE HEARING
|
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 |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G81806291 |
100164735 |
STATE BANK OF INDIA |
19/01/2018 |
- |
- |
200000000.0 |
INDUSTRIAL FINANCE BRANCH, SAKINAKA, 1ST FLOORLEKHRAJ BHAVAN, SAKI VIHAR ROAD, ANDHERI EASTMUMBAIMH400072IN |
|
2 |
G74496720 |
100048694 |
IDFC BANK LIMITED |
25/07/2016 |
20/09/2017 |
- |
650000000.0 |
KRM TOWER, 7TH FLOOR, NO. 1,HARRINGTON ROAD, CHETPET,CHENNAITA600031IN |
|
3 |
C78719218 |
10518920 |
STANDARD CHARTERED BANK |
13/08/2014 |
15/12/2015 |
- |
600000000.0 |
CRECENZO, 3A/F, PLOT NO.C-38 & 39, G BLOCK,BANDRA KURLA COMPLEX, BANDRA EASTMUMBAIMH400051IN |
|
4 |
G74604927 |
10479537 |
INDUSIND BANK LTD. |
22/01/2014 |
13/12/2017 |
- |
800000000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMA411001IN |
|
5 |
B28166858 |
10323977 |
HDFC BANK LIMITED |
09/12/2011 |
- |
- |
220000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
B30929574 |
10332810 |
INDIABULLS HOUSING FINANCE LIMITED |
03/12/2011 |
- |
- |
126182362.0 |
F-60, MALHOTRA BUILDING, 2ND FLOOR,CONNAUGHT PLACENEW DELHIDL110001IN |
|
7 |
B25204298 |
10055336 |
STANDARD CHARTERED BANK |
12/06/2007 |
07/06/2011 |
- |
550000000.0 |
CRESCENZO, 3A/F, PLOT NO.C-38 & 39, G-BLOCK,BANDRA KURLA COMPLEX, BANDRA (EAST)MUMBAIMH400051IN |
|
8 |
G73573040 |
10024338 |
HDFC BANK LIMITED |
26/10/2006 |
11/12/2017 |
- |
1690000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
B60207859 |
10010390 |
HDFC BANK LIMITED |
12/06/2006 |
22/09/2012 |
- |
122000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
Y10325100 |
90222309 |
THE SARASWAT CO OP BANK LTD |
28/03/1994 |
- |
- |
1000000.0 |
DR CINEMA MARG GRANTROADBOMBAYMH400007IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
46.000 |
91.220 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Deposits |
0.000 |
164.682 |
|
|
|
|
|
Total |
46.000 |
255.902 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against company not acknowledged as debt |
254.969 |
208.628 |
|
Guarantees |
171.313 |
76.465 |
|
Other money for which company is contingently liable |
931.688 |
687.040 |
OPERATIONS:-
During the year, the turnover of the Company stood at INR 38400.000 million as against INR 30220.000 million in the previous year, registering an annual growth of over 27%. Profit before taxation increased by over 40 % from INR 243.000 million to INR 340.900 million. The Profit after Taxation increased by over 36% from INR 158.500 Crores to INR 216.000 million.
During the year, the Company has added Western Digital, a brand for storage and surveillance products, Belkin, a Networking and accessories product Company, the existing brands Foreign exchange was range bound this year and Company continued to follow its hedging policy as earlier year. The result has benefitted the company.
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 and 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 many Vendors and many ICT trade media has rated very high to the
Company.
FIXED ASSETS:
· Buildings
· Office building
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
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 records 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 67.72 |
|
UK Pound |
1 |
INR 91.65 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
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.