MIRA
INFORM REPORT
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Report Date : |
24.07.2007 |
IDENTIFICATION DETAILS
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Name : |
S S PACKAGING INDUSTRIES |
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Registered Office : |
57-58, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1968 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS33259C |
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PAN No.: [Permanent
Account No.] |
AAVFS7678F |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business : |
Manufacturer, Exporter and Supplier of Semi Automatic, Fully Automatic
and High-Speed Bottling Plant and Machinery. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 48000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern having satisfactory
track. Partners are reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
57-58, |
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Tel. No.: |
91-11-65431460 |
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Mobile No.: |
91-9810079831 / 9810279831 |
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Fax No.: |
91-11-28114530 / 31 |
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E-Mail : |
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Website : |
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Area : |
5500 sq. mtrs. Plot 3000 sq. mtrs. Buildup Area |
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Location : |
Owned |
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Head Office : |
C- 2/8, Mayapuri Industrial Area, Phase –II, |
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Tel. No.: |
91-11-65458134 / 28114530 |
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Fax No.: |
91-11-28114531 |
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Area : |
500 sq. mtrs. |
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Location : |
Owned |
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Factory 1 : |
Block A, Plot No. 534-535, MIE Industrial Area, Bahadurgarh, Rohtak
Road, Haryana 124 507, India |
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Tel. No.: |
91-1276-268534 |
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Area : |
1000 sq. mtrs. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Satnam Singh |
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Designation : |
Partner |
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Date of Birth/Age : |
59 Years |
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Qualification : |
Graduate |
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Experience : |
31 Years |
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Name : |
Mr. Pradeep Singh |
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Designation : |
Partner |
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Date of Birth/Age : |
33 Years |
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Qualification : |
Graduate |
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Experience : |
11 Years |
KEY EXECUTIVES
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Name : |
Ms. Ritu Singh |
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Designation : |
Marketing Head |
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Date of Birth/Age : |
28 Years |
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Qualification : |
Graduate |
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Experience : |
6 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Supplier of Semi Automatic, Fully Automatic
and High-Speed Bottling Plant and Machinery. |
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Products : |
Liquid Section for Pharmaceuticals, Distilleries, Breweries,
Beverages, Cosmetics, Food, Edible Oil and other related industries the
company also manufacture Bottle Rinsers / Washers, Filters, Cappers,
Labelers, Inspection System, Conveyors, Carton Formers, Case Packers and
Carton Sealers etc The company also offers its state-of-the-art Filling-cum-Sealing
Machines incorporating the new version of ‘ZIGMA’ Sealing Heads(Common for
both PET and Glass Bottles) for perfect sealing, Rinsers, ROPP and Screw
Cappers, Case Packers and Decasers, Inspection Systems, Conveyors and a wide range
of Labelers for Glass as well as PET Bottles /Containers. Plants and machinery to cater to the liquor, pharmaceutical, brewery,
beverage, natural mineral and packaged drinking water, agro-chemical, pain,
edible oil, lube oil, cosmetic, food, household products and other related
miscellaneous industries. |
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Brand Names : |
“SS” |
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Exports : |
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Countries : |
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Terms : |
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Selling : |
L/C / Cash / Credit |
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Purchasing : |
Cash / Credit |
PRODUCTION STATUS
Capacity to Increase production by: 40%
GENERAL INFORMATION
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Suppliers : |
Purchase of raw material from all over |
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Customers : |
Ø
I T C Limited Ø
Procter and Gambal Limited Ø
Hindustan Uniliver Limited Ø
U B Group |
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No. of Employees : |
75 Permanent (60 Contract Labour) |
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Bankers : |
Canara Bank, |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Group Sales Turnover: 350.000 millions Group Employees: 150 Permanent (50 Contract Labour)
Address: 57-58 Line of
Business: Manufacturing of Labeling and Marking Machineries
Address: 9/53, Kirti
Narar Industrial Area, Tel No.: 91-11-25927392 E-Mail: ritusingh@sspackaginggroup.com
Address: C-2/8, Phase
II, Mayapuri Industrial Area, Tel No.: 91-11-65458134 Fax No.: 91-11-28114530
/ 31 Registered on: 05.08.2002 Registration
No.: 116425 Authorized
Capital: Rs. 5.000 Millions Paid up Capital: Rs. 1.300
Millions
Address: Bolck-A, Plot
No. 534-535, MIE Industrial Area, Bahadurgarh, Tel No.: 91-1276-268534 |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 12.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 12.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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155.000 |
140.000 |
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Profit/Loss for the year |
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11 – 13% |
11 – 13% |
Expected Sales (2007-08) : Rs.175.000 millions
Group Expected Sales (2007-08): Rs. 400.000 millions
LOCAL AGENCY FURTHER INFORMATION
As per website
details:
Profile:
"Manufacturers of the Largest Selling Bottling Plants in
They have pleasure in introducing ourselves as a highly specialized organization engaged in the manufacture of wide range of state-of-the -art semi-automatic, fully automatic and high-speed bottling plants and machinery to cater to the liquor, pharmaceutical, brewery, beverage, natural mineral & packaged drinking water, agro-chemical, pain, edible oil, lube oil, cosmetic, food, household products and other related miscellaneous industries.
Subject conceives and produces machines responding to the latest technologies in compliance with the most stringent specifications. This has been possible through comprehensive technological know-how, constant research and great flexibility in the study of customized requests. Scrupulous choice of raw materials and components, use of most modern and sophisticated machines including CNC machines, highly skilled and specialized manpower and meticulous quality control guarantee a product that satisfies the most demanding criteria of the Customer.
Machines bearing the 'SS' logo are characterized by
robustness, high degree of reliability and ease of maintenance, and give years
of trouble-free service. More than 1000 such machines are already in service in
For the convenience of Clients, subject has an effective
network of authorized Agents throughout the country as well as in South-East
Asia, Middle East and
Subject also has the expertise in tendering any type of service or assistance, free of cost, in designing the Customer's requirements within the parameters of optimum space utilization.
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 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.30 |
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1 |
Rs.82.97 |
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Euro |
1 |
Rs.55.64 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
8 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
7 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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51 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, they have no basis upon which to
recommend credit dealings |
No Rating |
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