MIRA
INFORM REPORT
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Report Date : |
22.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
BRIGHT THERMOPACK PRIVATE LIMITED |
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Registered Office : |
A-640, Shastri Nagar, Delhi – 110 052 |
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Country : |
India |
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Date of Incorporation : |
17.11.2005 |
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Com. Reg. No.: |
142637 |
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CIN No.: [Company
Identification No.] |
U21014DL2005PTC142637 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELB09912A |
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PAN No.: [Permanent
Account No.] |
AACCB8157G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers and Exporters of Insulation Sheet, Thermocol, Thermocol Packing, Thermocol Moulding, PIPE section EPS, Packaging Material and Thermocol Sheets. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Maximum Credit Limit : |
- |
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Status : |
New Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a successor to a partnership concern which was established
in year 2001. It has yet to come out with it’s first financials as a Private
limited company. Trade relations are fair. Payments are usually correct and as
per commitments. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office/ Factory : |
A-640, Shastri Nagar, Delhi – 110 052, India |
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Mobile No.: |
91-9810182201/ 9314082201 |
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E-Mail : |
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Website : |
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Area : |
22000 sq. ft. |
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Location : |
Owned |
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Rajasthan Office : |
F-448, RIICO Industrial Area, Phase – I, Bhiwadi, Rajasthan, India |
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Telefax. No.: |
91-1493-512077/ 23644399 |
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Area : |
500 sq. ft. |
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Location : |
Owned |
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Head Office: |
Shop No.1, CSC, DDA market, Gulabi Bagh, Delhi -110 007, India |
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Tel. No.: |
91-11-23650001 |
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Area : |
500 sq. ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Rajesh Gupta |
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Designation : |
Managing Director |
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Date of Birth/Age : |
39 years |
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Qualification : |
Post Graduate |
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Name : |
Mrs. Tina Mittal |
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Designation : |
Director |
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Date of Birth/Age : |
37 years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Insulation Sheet, Thermocol, Thermocol Packing, Thermocol Moulding, PIPE section EPS, Packaging Material and Thermocol Sheets. |
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Products : |
v Insulation
Sheet v Thermocol v Thermocol
Packing v Thermocol
Moulding v PIPE
section EPS v Packaging
Material v Thermocol
Sheets. |
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Exports : |
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Products : |
All Products |
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Countries : |
v Kenya v Srilanka v Philippines v Cambodia v Australia |
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Terms : |
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Selling : |
Cash or Credit ( 30 days) |
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Purchasing : |
Credit ( 15 days) |
GENERAL
INFORMATION
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Customers : |
Wholesalers and Manufacturers |
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No. of Employees : |
83 ( In Office 2 and In Factory 80 ) |
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Bankers : |
Punjab National Bank, Kamala Nagar, Delhi, India |
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Facilities : |
O/D – Rs. 0.250 Millions |
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Auditors : |
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Name : |
Ashok Agarwal and Company Chartered Accountants |
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Address : |
New Delhi, India |
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Mobile No.: |
91-9810049016 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
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 ( Approximate) |
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20.000 |
15.000 |
Expected Sales (2007-08) : Rs. 30.000 Millions
No Financials are available since the company has yet to come out with
it’s first Profit and Loss A/C and Balance sheet
LOCAL AGENCY
FURTHER INFORMATION
Website Details:
Company profile:
Established in 2001, Subject is the manufacturers and exporters of high quality
products like Insulation Sheet, Thermocol, Thermocol Packing, Thermocol
Moulding, PIPE section EPS, Packaging Material and Thermocol Sheets. User
friendly and superior product line is what defines our company USP. Their
expertise and proven track record of offering high quality products has made us
a leading force of the market. They aspire to supply high quality products to
their customers in conformation with the global quality standards. It is their
cutting edge technology and commitment to quality that helps us to find a
strong hold in the global market.
Customer Satisfaction
Their company has got a dedicated overseas client base having a deep admiration
for their products. A living proof of this is the bulk orders given by them
speaking volumes about their commitment towards customer care.
Product Quality
Their products are known for their superior quality in the markets worldwide. A
Quality Control Mechanism with techniques that can be compared with only the
best in industry has been introduced at their company. Ensuring that their
products pass the stringent quality control checks, they take care of each
product manufacturing details. The pre-manufacturing stage is duly attended by
all their expert staff members and the efforts result in the excellent line of
products. A reason why their products are admired by their deemed client based
all over the world.
Infrastructure
Subject is the reputed manufacturers and exporters of a diverse range of products such as Insulation Sheet, Thermocol, Thermocol Packing, Thermocol Moulding, PIPE Section, EPS, Packaging Material and Thermocol Sheets. Understanding their responsibilities to produce such a varied range of products, they have introduced excellent infrastructure at their manufacturing units. They have set up it, in such a way that it can meet any deadline with accuracy and efficiency. Their company is today managed by highly experienced technocrats who assist in the quality production in combination with a cutting-edge technology. All this has helped them to reach a stage where they can meet the growing global challenges with ease. Your wait is over; with them you can find quality products at reasonable rates.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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. 39.39 |
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UK Pound |
1 |
Rs. 81.49 |
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Euro |
1 |
Rs. 58.49 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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 |
NO |
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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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33 |
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. |
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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