MIRA
INFORM REPORT
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Report Date : |
28.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
YOJ PACK KRAFT |
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Registered Office : |
S No.54, Narhe, Manaji Nagar Tal Haveli, Pune – 411041, Maharashtra. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2002 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Corrugated boxes |
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 12500 |
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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 meeting its normal commitments
timeously. Trade relations are fair. Business is active. The concern can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Deshpande |
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Designation : |
Accountant |
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Date : |
27.08.2008 |
LOCATIONS
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Registered Office /Factory : |
S No.54, Narhe, Manaji Nagar Tal Haveli, Pune – 411041, Maharashtra,
India |
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Tel. No.: |
91-20-24393458 |
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Mobile No.: |
91-9850033800 (Mr. K.S. Sable) |
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Fax No.: |
91-20-24394900 |
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E-Mail : |
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Website : |
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Area : |
5000 sq ft |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. K.S. Sable |
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Designation : |
Proprietor |
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Date of Birth/Age : |
50 Years |
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Qualification : |
Graduate |
KEY EXECUTIVES
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Name : |
Mr. Deshpande |
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Designation : |
Accountant |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Corrugated boxes |
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Products : |
· Paper Corrugated
boxes · Corrugated
Printed Cartons · PP Flute Boards · Sun Packs · Allied Packaging
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit (30 Days / 45 Days) |
GENERAL INFORMATION
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Customers : |
Industries |
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No. of Employees : |
20 |
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Bankers : |
State Bank of India, Hengne |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Raj Satyan and Company Chartered Accountant |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.2.500 Millions |
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Borrowed : |
- |
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Total : |
Rs.2.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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15.000 |
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
YOG PACK KRAFT |
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Statutory Approvals |
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Central Sales Tax Registration |
27110023895C |
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VAT/ TIN Registration |
2711002395V |
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Excise Registration |
ABWP57761DXM001 |
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Name of Bank |
Bank of India |
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Current Account Number |
0010364056148 |
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Account Since |
3 Years |
Web Details Attached
Profile
Subject is a reputed manufacturer, supplier and exporter of packing
products. They specialize in manufacturing quality products such as corrugated
rolls, corrugated sheets, corrugated boxes, printed boxes, cartons and other
allied packing materials. All their products are fine specimens of quality, durability, strength,
flexibility, reliability and are available in a range of sizes, thickness and
colors. These are used in most industries irrespective of it's size and
magnitude. These can be used to pack the most delicate items such as idols,
figurines, etc., to the heavier products such as potable devices, consumer
durables, machines, tools and so on.
They have a
strong infrastructural support and a huge logistical base to supply and export
their products world over. Their customer services are among the best in the
industry. They have the facility of manufacturing their products and printing
solutions as per customer requirements.
Quality
Their quality products
are known for their extra strength and versatility. These qualities come from a
dedicated system established for the purpose of maintaining highest standard in
manufacturing and supply. The system includes regular quality control checks
and measures to increase efficiency and productivity aimed at enhancing value
for their esteemed customers
Infrastructure They are proud to
boast of a world-class infrastructure with the most sophisticated machinery.
They use the latest technologies to recycle paper, fiber, etc., and develop
utility products from them. They use the most Powerful Corrugators and Gigantic
Fourdrinier Machines.
They maintain a
healthy environment at the workplace, where creativity & innovation merges
with hard work and dedication with an output of valuable products
Clientèle
They have a wide
client base in a number countries. Their global clientèle extends to all parts
of the world. They have already established their selves as a leading player in
the domestic market. Their huge clientèle is a proof of their expertise in this
industry and assurance to their prospective customers of their credibility as a
dedicated organization, manufacturing quality products.
PP Corrugated Boxes
Salient features of PP Corrugated are:
- Smooth
surface
- Easily
cleaned
- Available in
many colors
- Environmental
friendly
- Hygienic
Light weight
- Recyclable
& Foldable Moisture resistant Durable for many trips/ repeated use
Corrugated Boxes
They
provide corrugated boxes and corrugated products, packaging supplies and
value-added packaging design services.
The company manufactures an exclusive range of highly durable corrugated boxes
in basic styles and sizes to suit all the needs. Combining functionality with
strength, while still being economical, their range of industrial corrugated
cartons and corrugated carton boxes are ideal for industrial & storage
needs. Available in customized shapes & sizes.
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 |
|
US Dollar |
1 |
Rs.43.73 |
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UK Pound |
1 |
Rs.80.57 |
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Euro |
1 |
Rs.64.29 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
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 |
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TOTAL |
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45 |
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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