MIRA
INFORM REPORT
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Report Date : |
01.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
AGGARWAL CHEMPACK ENTERPRISES PRIVATE LIMITED |
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Registered Office : |
59-60, NIT, Neelam Bata Road, Faridabad – 121 001, Haryana |
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Country : |
India |
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Date of Incorporation : |
22.08.2007 |
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Com. Reg. No.: |
37144 |
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CIN No.: [Company
Identification No.] |
U24233HR2007PTC037144 |
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PAN No.: [Permanent
Account No.] |
AAGCA7443Q |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Manufacturer of Polythin bags, plastic components and CNG turning
components. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new Company. It has yet to establish track. No Payment relations are available. Initially, the company can be considered for any dealings on safe and
secured trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Dinesh Sharma |
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Designation : |
Accounts Officer |
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Date : |
27.10.2008 |
LOCATIONS
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Registered Office : |
59-60, NIT, Neelam Bata Road, Faridabad – 121 001, Haryana, India |
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E-Mail : |
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Area : |
500 Sq. yards |
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Location : |
Owned |
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Factory : |
Plot No. 39, Industrial Area, N.I.T., Faridabad – 121 001, Haryana,
India |
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Tel. No.: |
91-129-4063360 |
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Mobile No.: |
91-9810085383 / 9999008764 |
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Fax No.: |
91-129-4023032 |
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E-Mail : |
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Area : |
500 Sq. yards |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Rakesh Aggarwal |
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Designation : |
Director |
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Address : |
59-60, Neelam Bata Road, NIT, Faridabad – 121 001, Haryana, India |
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Date of Birth/Age : |
25.07.1969 |
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Qualification : |
B.Sc. |
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Name : |
Mrs. Kusum Aggarwal |
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Designation : |
Director |
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Address : |
59-60, Neelam Bata Road, NIT, Faridabad – 121 001, Haryana, India |
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Date of Birth/Age : |
20.03.1966 |
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Qualification : |
B.Com. |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 12.06.2007)
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Names of Shareholders |
No. of Shares |
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Rakesh Aggarwal |
5000 |
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Kusum Aggarwal |
5000 |
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Total |
10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Polythin bags, plastic components and CNG turning
components. |
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Products : |
·
Air Bubble Bags ·
Foam Bags ·
Stretched Film ·
Shrink Film ·
T-Shirt Bags ·
VCI Bags ·
LDPE, HM, PP and All types of printed bags ·
Garbage Bags ·
CNC Turning Components ·
Shaft ·
Piston Rods ·
Shock Cover and Automobile Parts |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
Manufacturing Unit |
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No. of Employees : |
20 |
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Bankers : |
State Bank of Patiala, Sector 29, Faridabad, Haryana, India |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Kumar Vijay Gupta and Company Chartered Accountants |
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Associates/Subsidiaries : |
Shreejee Packaging |
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 |
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
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
No Financials are available as the subject is
a new company.
LOCAL AGENCY
FURTHER INFORMATION
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Additional Requirement of Indiamart for
Trust-Seal |
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Service Tax No. : -- |
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Excise Registration No.: AAGCA7443Q XM001 |
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VAT / TIN : 06131311469 |
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IEC Code : -- |
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PAN / TAN : AAGCA7443Q |
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Bank Name : State Bank of Patiala |
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Bank Address : Sector 24, Faridabad |
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Bank A/c. No.: 65043510633 |
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Account Since : 6 Years |
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In case of any affiliations / memberships / certifications : |
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Name : ISO 9001:2000 |
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Type : Quality Management Mark |
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Expiry Date : 2011 |
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Trade References
·
Minda Limited
·
Escorts Engineering Limited
Web Details
Profile
Subject is one of the professionally managed organizations,
actively involved in the manufacture and export of packaging material and
dimensionally accurate CNC turned components. They make use of multi-purpose
and flexible raw material such as LDPE, LLDPE, PP, HDPE, ABS, PPCP, Nylon in
the manufacturing of packaging products in order to meet the customized
requirement of the clients.
They are one stop shop for all types of packaging material right from
Stretch Wrap/ film/packing, Air bubble sheet/Roll to Form bag/sheet etc.
Offering the best quality products at reasonable prices, they are committed to
meet all of the customer's packaging needs with the best product and service.
They pride in the quality products and services, which has always satisfied the
customers. The professional approach has led them to a prestigious position in
the industry. Since the time of the inception they have worked hard to provide
products of high quality and service to provide complete satisfaction to the
end users. In fact, some companies have given their 100% order quantity to them
i.e. they are their sole suppliers.
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.49.25 |
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UK Pound |
1 |
Rs.80.36 |
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Euro |
1 |
Rs.62.84 |
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 |
3 |
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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 |
3 |
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--LEVERAGE |
1~10 |
3 |
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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 |
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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14 |
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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