MIRA
INFORM REPORT
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Report Date : |
02.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAHARASHTRA PLASTIC AND
INDUSTRIES |
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Registered Office : |
B/45, Mahashree Compound, New Link Road, Andheri West, Mumbai
- 400 053, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
1962 |
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PAN No.: [Permanent
Account No.] |
AABFM0605Q |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer and
Exporter of Polypropylene Box Strapping, Polyethylene Terephthalate
Strapping, Polyester Box Strapping, PET Box Strappers, PP Box Strappers,
Strapping Tapes, Strapping Rolls and Polypropylene Strapping Rolls. |
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 1000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established concern having steady business. Trade
relations are fair. 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 : |
Ms. Manini Chipllhkar |
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Designation : |
Export Executive |
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Date : |
29.08.2008 |
LOCATIONS
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Registered Office : |
3/Shah Industrial Kolsite House, 2nd Floor, Off Veera Desai, Andheri (West), Mumbai – 400
053, Maharashtra, India |
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Tel. No.: |
91-22-26736468 |
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Mobile No.: |
91-9867977503 (Ms. Manini
Chipllhkar) |
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E-Mail : |
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Website : |
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Area : |
250 Sq.fts |
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Location : |
Rented |
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Factory : |
110, Daman Industrial Estate, Airport Road, Kadaiya Village, Daman –
396 210, India |
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Tel No.: |
91-260-2221942 |
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Area : |
24500Sq.fts |
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Location : |
Rented |
PARTNERS
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Name : |
Mr. Shri Vallabh Gopilal Kabra |
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Designation : |
Partner |
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Date of Birth/Age : |
71 years |
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Qualification : |
BA |
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Name : |
Mr. Satyanarayan G Kabra |
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Designation : |
Partner |
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Date of Birth/Age : |
64 years |
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Qualification : |
B. Tech |
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Name : |
Mr. Anand Shri Vallabh Kabra (HUF) |
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Designation : |
Partner |
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Date of Birth/Age : |
34 years |
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Qualification : |
MBA |
KEY EXECUTIVES
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Name : |
Mr. Anand Kabra |
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Designation : |
General Manager |
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Address : |
B/45, Mahashree Compound, New Link Road, Andheri West,
Mumbai-400 053, Maharashtra, India |
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Tel No.: |
91-22-26736468 |
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Mobile No.: |
91-9322302770 |
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Fax No.: |
91-22-26736808 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and
Exporter of Polypropylene Box Strapping, Polyethylene Terephthalate
Strapping, Polyester Box Strapping, PET Box Strappers, PP Box Strappers,
Strapping Tapes, Strapping Rolls and Polypropylene Strapping Rolls. |
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Product & Services : |
· Box Strapping Materials · Box Strapping Seals · Box Strapping Tapes · PET Box Strappers · PET Box Straps · PET Strapping Seals · PP Box Straps · Plastic Box Straps · Plastic Strapping Materials · Plastic Strapping Seals · Plastic Strapping Tapes · Polyester Box Straps · Polyester Strapping Materials · Polyester Strapping Seals · Polyester Strapping Tapes · Polypropylene Box Straps Polypropylene Strapping · Polypropylene Strapping Seals · Polypropylene Strapping Tapes |
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Exports : |
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Products : |
Packing Materials |
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Countries : |
Middle East, Saudi Arabia, European Countries |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
China, Hong Kong |
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Terms : |
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Selling : |
T/T (100% against Order) |
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Purchasing : |
T/T (100% against Order) |
GENERAL
INFORMATION
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Customers : |
End Users , Dealers |
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No. of Employees : |
29 (14 in Office and 15 in
Factory) |
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Bankers : |
· HDFC, Marol Branch · State Bank of India, Cuffe Parade Branch |
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Facilities : |
The concern reported to enjoy facilities from its banker |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Kishore Phadke and Company Chartered Accountants |
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Address : |
Pune, Maharashtra, India |
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Associates/Subsidiaries : |
·
Plastic Blends
India Limited Address : 3 / Shah Industrial Kolsite
House, 2nd Floor, Off
Veera Desai, Andheri (West), Mumbai – 400 053, Maharashtra, India Activity:
Master Batch ·
Kabra
Extrusion Technik Limited Address:
3 / Shah Industrial
Kolsite House, 2nd
Floor, Off Veera Desai, Andheri
(West), Mumbai – 400 053, Maharashtra, India Activity: Engineering Units |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.200 million (Estimated) |
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Borrowed : |
--- |
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Total : |
Rs. 0.200 million (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 (Estimated) |
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Sales Turnover |
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2.300 |
Expected Sales (2008-09): Rs. 6.000 millions
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Detail |
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Existence Verification |
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Name |
MAHARASHTRA PLASTIC AND INDUSTRIES |
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Statutory Approvals |
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Legal Status of Firm |
Partnership Firm |
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Central Sales Tax Registration |
DA/CST/5202 |
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State Sales Tax registration |
DA/5743 |
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Service Tax Registration |
AABFM0655QST001 |
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VAT / TIN Registration |
25006005743 |
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Excise Registration |
AABFM0655QXM002 |
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Import Export Code |
0300004451 |
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Name of Bank |
HDFC Bank |
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Current account Number |
1142790000189 |
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Account Since |
2 years |
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Creditability Factors |
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India Mart Client Since |
4 years |
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Trade Affiliations |
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SSI Registration |
600102701 Dated: 29.06.1999 to 21.01.2000 |
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Export Promotion Council |
PLEPC/M/465/2005/2006 |
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Standards and Certifications |
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Quality Management Systems |
(ISO) 1100018 Dated: 17.11.2007
to 16.11.2010 |
TRADE REFERENCES:-
· L G India Limited
· Reliance
· Johnson and Johnson India Limited
WEBSITE DETAIL
ATTACHED:-
Concern Profile:
Manufacturer and
Exporter of polypropylene box strapping, polyethylene terephthalate strapping, polyester
box strapping, PET box strappers, PP box strappers, strapping tapes, strapping
rolls and polypropylene strapping rolls.
Packing and
Lamination Supplies
Polypropylene Box Strappings, Polyester Plastic Box Strappings
Polypropylene Box Straps, Industrial Box Straps
Plastic Strapping Tapes, Polyester Strapping Tapes, Polypropylene Strapping Tapes, Box Strapping Tapes
Plastic Packaging Tapes
Industrial Plastic Tapes, Polyester Plastic Tapes
Engaged in supplying and exporting polyester strappings, industrial polyester strappings, polyester plastic straps, polyester box strapping rolls and polyester box strapping tapes.
Exporters and suppliers of polypropylene box strapping, industrial polypropylene strapping and polypropylene strapping tapes. Also supplying PET box strappers, PP box strappers and polyester plastic straps.
Polypropylene Sealing Tapes, Polyester Sealing Tapes
Box Strapping Seals, Polyester Strapping Seals, Polypropylene Strapping Seals, Plastic Strapping Seals, PET Strapping Seals
Box Strapping Tapes, Polyester Strapping Tapes Others Box Strappers, Box Strapping Materials, Polyester Strapping Materials, PET Box Strappers
Engaged in supply of plastic bags making machinery along with polypropylene strapping tapes, polyester box strapping rolls, polypropylene strapping rolls, polyethylene terephthalate strapping, pet strappings and pp box strappers.
Manufacturer and supplier of plastic masterbatches along with polyester box strapping, pet box strappers, pp box strappers, polyester plastic straps, box strapping tapes, polyester strapping tapes and polypropylene strapping tapes.
Engaged in manufacturing of polypropylene strapping rolls, polyester box strapping rolls, polypropylene strapping tapes, polyester strapping tapes, polyester plastic straps, pet box strappers and polyester box strapping.
Polyester Box Straps, Polypropylene Box Straps, Plastic Box Straps, PP Box Straps, PET Box Straps
Industrial Polyester Straps, Packaging Straps
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.21 |
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UK Pound |
1 |
Rs.79.76 |
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Euro |
1 |
Rs.64.72 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
|
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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