MIRA
INFORM REPORT
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Report Date : |
10.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
JUPITAR LAMINATORS PRIVATE LIMITED |
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Registered Office : |
25/33, 3rd Floor, East Patel Nagar, New Delhi – 110 088 |
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Country : |
India |
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Date of Incorporation : |
07.03.2003 |
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Com. Reg. No.: |
55-119318 |
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CIN No.: [Company
Identification No.] |
U21022DL2003PTC119318 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELJ05291G |
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PAN No.: [Permanent
Account No.] |
AABCJ2883L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Exporter and Supplier of Packaging Materials, Packaging
Machines and Laminators. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and Delayed |
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Litigation : |
Unknown |
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Comments : |
Mr. Gaurav (Co-Ordinator) and Mr. Nalin Goel (Director) denied
business and financial details. Hence this report is based on secondary /
indirect sources of information. Mr. Vimal Mishra promised several times but never parted or un-dated
require details, so far. The company has not filed any financials since it’s incorporation in
2003. Thus it is poor in corporate Governance. It’s payments are reported as slow and delayed. The company can be considered for any business dealings on safe and
secured trade terms and conditions, only. |
INFORMATION
DECLINED BY
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Name : |
Mr. Nalin Goel |
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Designation : |
Director |
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Contact No.: |
91-9810130087 |
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Date : |
06.11.2008 |
LOCATIONS
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Registered Office : |
25/33, 3rd Floor, East Patel Nagar, New Delhi – 110 088,
India |
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Tel. No.: |
91-11-42481111 / 42481125 |
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Mobile No.: |
91-9810130087 |
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Fax No.: |
91-11-42481126 |
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Location : |
Owned |
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Factory : |
Village Libaspur, Near Bahalgarh Industrial Area, Bahalgarh, Sonepat –
131 021, Haryana, India |
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Tel. No.: |
91-130-2380305 / 2380306 |
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Fax No.: |
91-130-2380308 |
DIRECTORS
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Name : |
Mr. Sandeep Bajaj |
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Designation : |
Director |
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Address : |
C-582, New Friends Colony, New Delhi – 110 065, India |
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Date of Appointment : |
07.03.2003 |
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Name : |
Mr. Pradeep Garg |
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Designation : |
Director |
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Address : |
1283, Sector 14,Faridabad, Haryana, India |
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Date of Appointment : |
07.03.2003 |
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Name : |
Mr. Nalin Goel |
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Designation : |
Director |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 29.09.2004)
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Names of Shareholders |
No. of Shares |
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Sandeep Bajaj |
5000 |
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Pradeep Garg |
5000 |
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Total |
10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Supplier of Packaging Materials, Packaging
Machines and Laminators. |
GENERAL
INFORMATION
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No. of Employees : |
Around 100 |
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Bankers : |
Indian Overseas Bank A-55B, DDA Market, Paschim Vihar, New Delhi – 110 063, India |
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Banking
Relations : |
Unknown |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Not Available
FINANCIAL DATA
[all figures are in Rupees Millions]
The Company has not filed any financials with
company Registry since Incorporation.
LOCAL AGENCY
FURTHER INFORMATION
Form No. 8
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Corporate
identity number of the company |
U21022DL2003PTC119318 |
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Name of the
company |
JUPITAR LAMINATORS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
25/33, 3rd Floor, East Patel Nagar, New Delhi – 110 088, India |
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This form is for |
Modification of
charge |
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Type of charge |
·
Equitable
mortgage or mortgage of property by depositing the title deeds ·
Others o
Creation of
Charge by way Negative Lien |
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Particular of
charge holder |
Indian Overseas Bank A-55B, DDA Market, Paschim Vihar, New Delhi – 110 063, India |
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Amount secured by
the charge |
Rs.33.790
millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Interest @
PLR+1.75% for CCH and PLr+2% for Term Loan. For Cash Credit hypothecation Margin
: Stock 25 Book Debts 50%. For LC/TL Margin : 25%. The amount of charge of
the bank over the immovable properties has been increased from Rs.10.000
millions to Rs.33.790 millions. Failure to observe banking discipline shall
entail penal interest. |
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Description of
the property charged indicating whether it is a charged on |
Immovable
properties |
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Particulars of
the property charged |
Equitable
Mortgage of property comprising in Khatouni No. 54, Khata No. 93 Khasra No. 20/6(8-0),
20/7/2/1/1(0-11), 20/7/1(3-4) and 20/7/2/2/1(1-13) Village Liwaspur, Distt.
Sonepat in the state of Haryana alongwith superstructure etc. Charge by way
of Negative Lien over property No. 25/33, IIIrd Floor, East Patel Nagar, New
Delhi – 100 008 |
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Charge
identification number of the charge to be modified |
80007066 |
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Brief description
of the instrument modifying the charge under section 135 |
Confirmation
Letter and Undertaking cum Negative Lien |
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Date of
instrument modifying the charge |
22.05.2006 |
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Particulars of
the present modification |
Amount of charge
over property has been increased from Rs.10.000 millions to Rs.33.790
millions. Charge by way of negative lien has been created over 25/33, III
Fl., East Patel Nagar, N. Delhi – 8. |
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Corporate
identity number of the company |
U21022DL2003PTC119318 |
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Name of the
company |
JUPITAR LAMINATORS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
25/33, 3rd Floor, East Patel Nagar, New Delhi – 110 088, India |
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This form is for |
Modification of
charge |
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Type of charge |
·
Book debts ·
Movable
property (not being pledge) ·
Floating
charge ·
Others o
Stocks, BD,
P and M, Current and Fixed Assets |
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Particular of
charge holder |
Indian Overseas Bank A-55B, DDA Market, Paschim Vihar, New Delhi – 110 063, India |
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Nature of
instrument creating charge |
F110E Letter of
Hypothecation |
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Date of
instrument Creating the charge |
24.05.2008 |
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Amount secured by
the charge |
Rs.57.557
millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
·
Rate of
interest Interest as per Bank Norms ·
Terms of
repayment Repayment as per Bank Norms ·
Margin Margin as per Bank Norms ·
Extent and
operation of the charge 100% ·
Others First charge on stocks, book debts, plant and machinery and other
current and fixed assets both present and future is to secure the Cash Credit
limit Rs.40.000 millions Term Loan Rs.10.057 millions (Outstanding) and
FDDBP/FDUBP (LC) Rs.7.500 millions aggregating to Rs.57.557 millions
sanctioned to the company. |
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Particulars of
the property charged |
First charge on
stocks, book debts, plant and machinery and other current and fixed assets
both present and future. |
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Particulars of
the present modification |
Amount secured is
increased to Rs.57.557 millions to secure the Cash Credit Limit Rs.40.000
millions Term Loan Ts.10.057 millions (Outstanding) and FDDBP/FDUBD (LC) Rs.7.500
millions security: First charge on stocks, book debts, plant and machinery
and other current and fixed assets both present and future other terms and
conditions remain same. |
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.47.76 |
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UK Pound |
1 |
Rs.74.87 |
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Euro |
1 |
Rs.60.81 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
1 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
- |
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--LEVERAGE |
1~10 |
- |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
2 |
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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 |
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 |
NO |
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TOTAL |
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6 |
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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