MIRA INFORM REPORT
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Report Date : |
18.06.2007 |
IDENTIFICATION DETAILS
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Name : |
SUPER
PACKER SYSTEMS |
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Registered Office : |
A-II,
National Mill Compound, Behind Hotel Nidhi, Dahisar (East), Mumbai-400068, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1997 |
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Legal Form : |
Sole
Proprietory Concern |
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Line of Business : |
Manufacturer
of Packing Systems sold under brand ‘Super Packer’ |
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
10000 |
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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 well established concern having satisfactory track. Proprietor of the concern
is experienced, respectable and having satisfactory means of his own. Trade
relations are fair. Payments are usually correct and as per commitments. The
concern can be considered normal for business dealings at usual terms and
conditions. |
LOCATIONS
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Registered Office : |
A-II,
National Mill Compound, Behind Hotel Nidhi, Dahisar (East), Mumbai-400068, |
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Tel. No.: |
91-22-28488261 |
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E-Mail : |
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Website : |
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Area : |
600 |
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Location : |
Owned |
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Factory
1 : |
Unit No.9,
MN Estate, Ajit Industrial Complex, Opposite Prasad International Hotel,
Western Express Highway, Mira Village, Mira Road (East), District- Thane,
Maharashtra, India |
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Area : |
2600sq.ft. |
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Location : |
Owned |
SOLE
PROPRIETOR
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Name : |
Govind
Shirodkar |
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Designation : |
Proprietor |
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Address : |
A-II,
National Mill Compound, Behind Nidhi Hotel, |
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Date of Birth/Age : |
35
Years |
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Qualification : |
B.E.
(Mechanical) |
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Experience : |
15
years |
BUSINESS
DETAILS
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Line of Business : |
Manufacturer
of Packing Systems sold under brand ‘Super Packer’ |
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Products : |
Form
Fill and Seal Machines : Ø
Form fill and Seal Machines for Granules Ø
Form Fill and Seal Machines for Impulse Sealing (Liquid Machine) Ø
Form Fill and Seal Machines for Powders Ø
Form Fill and Seal Machines for Liquids Ø
Form Fill and Seal Auger Filler Ø
Form Fill and Seal Weigh for Matric Filler Semi
Automatic Sealing Machines : Ø
Continuous Brand Sealer Ø
Nitrogen Gas Ø
Lead Sealer Ø
Foot Sealer Semi
Automatic Filling Machine : Ø
Semi Automatic Weighmating Filling Machine Ø
Semi Automatic Auger Filler Ø
Semi Automatic Liquid Filling Machine Ø
Semi Automatic Cup Filling Machine Shrink
Wrapping Machines : Ø
Shrink Chember with L Sealer Ø
Shrink Converised Tunnel Wrapping
Machines : Ø
Flow Wrapping Machines Ø
Candy Wrapping Machines Ø
Over Wrapping Machines |
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Brand Names : |
Super
Packer |
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Exports to : |
African
Countries |
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Terms : |
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Selling : |
L/C,
Cash, Contract |
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Purchasing : |
Cash,
Credit (45 days) |
GENERAL INFORMATION
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Customers : |
End
Users |
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No. of Employees : |
7 - 8 |
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Bankers : |
¡
Bank Of
Dahisar (West), Mumbai-400068, ¡
ICICI Bank Limited
Borivali (West), Mumbai, |
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Banking Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Super
Engineers Mumbai Line
of Business : OEM for Flat Products ( |
CAPITAL
STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.
2.500 millions |
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Borrowed : |
Nil |
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Total : |
Rs.
2.500 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
6.500 |
6.500 |
4.000 |
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Profit/Loss for the year |
NA |
NA |
NA |
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Export Value |
NA |
30% |
NA |
Expected
Sales (2007-08) : Around Rs. 7.000 millions
LOCAL AGENCY FURTHER INFORMATION
As
Per Web
Subject
are a reputed manufacturer, supplier and exporter of Packaging Systems from
Subject started in the year 1996 with a mission to provide one stop
solution for all of the packaging requirements of the customers. They have
grown tremendously in these eight years and established ourselves as the most
accomplished trading company, manufacturer, exporter and supplier of Super Packer Form Fill Seal Machines,
Pneumatic Form Fill Seal Machines, Weightmatic Form Fill Seal Machines, Direct
Filling Machines, Liquid Filling Machines, Nitrogen
Products
They believe in constant progression and
development of our product range in order to meet the specific requirements of
the customers. They offer wide and unparalleled range of impeccable quality
machines.
- Form Fill
& Seal Machine for Granules
- Form Fill
& Seal Machine for Impulse Sealing ( Liquid Machine)
- Form Fill
& Seal Machines for Powders
- Form Fill
& Seal Machines for Liquids
- Form Fill
& Seal Auger Filler
- Form Fill
& Seal Weigh for Matric Filler
Semi
Automatic Sealing Machines
- Nitrogen Gas
Flushing and Sealing Machine
Semi
Automatic Filling Machines
- Semi
Automatic Weighmatic Filling Machine
- Semi
Automatic Liquid Filling Machine
- Semi
Automatic Cup Filling Machine
- Shrink
Chamber with L Sealer
Quality
It is the quality of our products which has made us different from our
competitors. They are committed to provide our customers with the highest level
of services and quality,d for that they follow several stringent quality
measures adhering to national as well as international quality standards. Their
uncompromising quality standards, unparalleled services and individual
attention has helped us to become the most renowned trading company,
manufacturer, exporter and supplier of Super
Packer Form Fill Seal Machines, Pneumatic Form Fill Seal Machines, Weightmatic
Form Fill Seal Machines, Direct Filling Machines, Liquid Filling Machines,
Nitrogen Flushing/ Vacuum Sealing Machines, Sealing Machines, Shrink Wrapping
Machines and Special Purpose Machines.
Infrastructure
Subject profound infrastructure plays a major role in catering to the
requirements of our customers. It is clubbed with cutting edge technologies,
state of the art manufacturing unit, modern machinery and superb working
classes. They owe our success in such a short span of time to our diligent,
dexterous and experienced technocrats, workers and management who work round
the clock to full fill superior quality requirements of the customers. They
look forward to receiving your valuable enquires and hope to enter into long
term business relation with you. So feel free to contact us and we assure you
of our best and prompt attention at all times.
Application
Industry
They offer technology driven, application-specific packaging that
includes- forming, filling & sealing of bags, containers, pouches, cups,
bottles, lids etc for the following major industry segments-
» Food & Pharma Industry
» Packaging industry
» Bearing Industry
» Plastic Industry
» Chemical Industry
» Hotel Industry
» Confectionery Industry
Trade
References – Local
Ø
Nichoas Piramal Laboratories Limited, Mumbai
Ø
Girnar Tea, Kurla
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.45.16 |
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1 |
Rs.85.99 |
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Euro |
1 |
Rs.57.92 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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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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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, we have no basis upon which to recommend
credit dealings |
No Rating |
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