MIRA
INFORM REPORT
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Report Date : |
15.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
PACKAGING ENGRAVER INDIA PRIVATE LIMITED |
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Registered Office : |
101/102 and 124, Damji Shamji Industrial Estate, Off Mahakali Caves
Road, Andheri (East), Mumbai – 400093, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
28.05.2004 |
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Com. Reg. No.: |
146602 |
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CIN No.: [Company
Identification No.] |
U29195MH2004PTC146602 |
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IEC No.: |
0304031496 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMP22980G |
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PAN No.: [Permanent
Account No.] |
AADCP2895G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Pharmaceutical Capsule Printing Machines,
Cable Printing Machines, Printing Roller, Tablet Printing Machines etc. |
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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Status : |
Moderate |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is poor in Corporate Governance. However it appears to be an established
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. |
INFORMATION PARTED
BY
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Name : |
Mr. Vinod S. Dandekar |
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Designation : |
Director |
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Contact No.: |
91-9820541377 |
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Date : |
13.10.2008 |
LOCATIONS
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Registered Office/ Factory : |
101/102 and 124, Damji Shamji Industrial Estate, Off Mahakali Caves Road,
Andheri (East), Mumbai – 400093, Maharashtra, India |
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Tel. No.: |
91-22-26873469/ 66920821 |
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Mobile No.: |
91-9820541377 |
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Fax No.: |
91-22-26874592 |
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E-Mail : |
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Website : |
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Area : |
2300 sq. ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Kishore S. Dandekar |
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Designation : |
Director |
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Date of Birth/Age : |
47 years |
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Qualification : |
B. Sc |
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Name : |
Mr. Vinod S. Dandekar |
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Designation : |
Director |
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Date of Birth/Age : |
46 years |
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Qualification : |
D.A. |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 09.05.2004)
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Names of Shareholders |
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No. of Shares |
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Kishor S. Dandekar |
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5000 |
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Vinod S. Dandekar |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Pharmaceutical Capsule Printing Machines,
Cable Printing Machines, Printing Roller, Tablet Printing Machines etc. |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
T. T. |
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Purchasing : |
Cash and T. T. |
GENERAL
INFORMATION
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Customers : |
End Users Traders
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No. of Employees : |
10 |
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Bankers : |
Marol, Andheri (East), Mumbai, Maharashtra, India |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Arvind Singh Chartered Accountant |
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Address : |
Santacruz (East), Mumbai, Maharashtra, India |
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Associates/
Subsidiary : |
Nandkishore Industrial Premises Co-Op. Soc. Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
No financials are available since incorporation of the company.
Management denied financial details and parted business details.
LOCAL AGENCY
FURTHER INFORMATION
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Additional Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 27570367992
V 1-4-06 |
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IEC Code : 0304031496 |
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PAN / TAN : AADCP2895G |
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Bank Name : Syndicate
Bank |
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Bank Address : Moral,
Andheri (East), Mumbai |
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Bank A/c. No.: 50321010004101 |
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Account Since : 10
years |
Note:
The Registered Office of the company has been shifted from
A-1, Nandkishore Industrial Premises Co-Opertaive Society Limited, C T S No.238,
Mahal Indutsrial Area, Andheri East, Mumbai – 400093, Maharashtra, India to the
present address w.e.f. 08.08.2006.
Trade Reference:
- Capsule Gel
India Limited
- Associates
Capsule Limited
- Sunil Health
Care Limited
Website Details:
Profile:
Subject was established in 1980 and has been manufacturing Capsule
Printing Gravure Rollers for Markem I, Markem II, Hartnett Delta & Ackley
Machines used in the printing of Soft, Hard Gelatin Capsules, tablets &
candies. They are supplying our printing rollers to all leading capsule
manufacturers in India and also exporting.
The company is continuously rising on the growth chart and
setting very high quality standards. Their strict emphasis on quality is
combined with the latest technology to offer their customers a competitive
edge.
Since its inception, the company has established a
reputation for itself as a supplier of quality products. They focus on quality
and aim to achieve total customer satisfaction, both in the products they offer
and in the service that follows.
To enhance their services in capsule & tablet printing,
they have their sister concern firm Subject which deals in import of
capsule & tablet printing machines & providing the service for the
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.48.14 |
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UK Pound |
1 |
Rs.82.73 |
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Euro |
1 |
Rs.65.63 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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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 |
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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37 |
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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