MIRA
INFORM REPORT
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Report Date : |
06.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
S S PACKAGING INDUSTRIES |
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Registered Office : |
9 / 53, Kirti Nagar Industrial Area, New Delhi – 110015. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
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 25000 |
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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. |
INFORMATION PARTED
BY
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Name : |
Mr. Satnam Singh |
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Designation : |
Partner |
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Contact No.: |
91-9810031136 |
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Date : |
05.11.2008 |
LOCATIONS
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Registered Office/Head Office : |
9 / 53, Kirti Nagar Industrial Area, New Delhi – 110015, India |
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Tel. No.: |
91-11-45072944 / 25927392 / 65458134 / 28114530 |
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Mobile No.: |
91-9810079831 (Pradeep Singh) |
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Fax No.: |
91-1128114531 |
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E-Mail : |
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Website : |
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Area : |
1700 sq ft |
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Location : |
Owned |
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Head Office : |
C- 2/8, Mayapuri Industrial Area, Phase –II, New Delhi 110 015, India |
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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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Fax No: |
91-11-45072943 |
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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 : |
60 Years |
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Qualification : |
Graduate |
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Experience : |
32 Years |
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Name : |
Mr. Pradeep Singh |
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Mobile No: |
91-9810079831 |
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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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Mobile No: |
91-9810279831 |
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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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Products: |
·
Semi Automatic ·
Fully Automatic and High Speed Bottling Plant and Machinery |
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Countries : |
Sri Lanka, Bangladesh, Nepal, Jordan, Syria, Oman, UAE, Egypt,
Nigeria, Ghana, Tanzania, Zimbabwe and Russia, Middle East, South Africa,
gulf Country. |
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Imports: |
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Products: |
Raw Material |
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Countries: |
Germany |
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Terms : |
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Selling : |
L/C / Cash / Credit (30 days) |
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Purchasing : |
Cash / Credit (30 days) |
GENERAL
INFORMATION
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Suppliers : |
Purchase of Raw material from all over India |
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Customers : |
Ø OEM’s 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 : |
95 |
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Bankers : |
·
Canara Bank, Raja Garden, New Delhi 110015. ·
Syndicate Bank, Mayapuri, New Delhi 110015. |
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Facilities: |
Overdraft Rs. 7.800 Millions (Syndicate Bank), CC (Canara Bank) |
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Banking
Relations : |
Satisfactory |
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Auditors: |
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Name: |
A N Gargh and Company, Chartered Accountant. |
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Address: |
New Delhi 110015. |
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Associates/Subsidiaries : |
Group Sales Turnover: 350.000 millions Group Employees: 150 Permanent (50 Contract Labour)
Address: 57-58 Swrn Park,
Mundka, Rohtak Road, New Delhi – 110 041 Line of
Business: Manufacturing of Labeling and Marking Machineries Tel No:91-11-65431460 Mobile No: 91-9810079831 /
9810279831 Fax No: 91-11-28114530
/ 31
Address: 9/53, Kirti
Narar Industrial Area, New Delhi – 110 015 Line Of
Business: Manufacturer Tel No.: 91-11-25927392 E-Mail: ritusingh@sspackaginggroup.com
Address: C-2/8, Phase II,
Mayapuri Industrial Area, New Delhi – 110 015 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, Rohtak Road, Haryana – 124507 Tel No.: 91-1276-268534 |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 Millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 5.000 Millions (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 (Estimated) |
31.03.2007 |
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Sales Turnover |
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150.000 |
155.000 |
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Profit/Loss for the year |
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NA |
11 – 13% |
Expected Sales (2008-09) : Rs.220.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
·
UB Company, Bangalore
·
AT Company, Bangalore.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.18 |
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UK Pound |
1 |
Rs.75.05 |
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Euro |
1 |
Rs.60.89 |
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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