1. Summary Information
|
|
|
Country |
|
|
Company Name |
I.K. POLYMERS
NORTH PRIVATE LIMITED |
Principal Name 1 |
Mr. Rohit Jain |
|
Status |
New Company |
Principal Name 2 |
Mr. Mayur Jain |
|
|
|
Registration # |
55-205434 |
|
Street Address |
C-72, Kirti
Nagar, |
||
|
Established Date |
07.07.2010 |
SIC Code |
--- |
|
Telephone# |
91-124-4417997 |
Business Style 1 |
Importer |
|
Fax # |
91-124-4071159 |
Business Style 2 |
Distributor |
|
Homepage |
--- |
Product Name 1 |
Plastic raw material |
|
# of employees |
15
(Approximately) |
Product Name 2 |
--- |
|
Paid up capital |
Rs.
7468800/- |
Product Name 3 |
--- |
|
Shareholders |
--- |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
1 year |
|
IPO |
NO |
International Ins. |
--- |
|
Public |
NO |
Rating |
B |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
--- |
Current Liabilities |
--- |
|
Inventories |
--- |
Long-term Liabilities |
--- |
|
Fixed Assets |
--- |
Other Liabilities |
--- |
|
Deferred Assets |
--- |
Total Liabilities |
--- |
|
Invest& other Assets |
--- |
Retained Earnings |
--- |
|
|
|
Net Worth |
--- |
|
Total Assets |
--- |
Total Liab. & Equity |
--- |
|
Total Assets (Previous Year) |
--- |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
--- |
Net Profit |
--- |
|
Sales(Previous yr) |
--- |
Net Profit(Prev.yr) |
--- |
MIRA
INFORM REPORT
|
Report Date : |
26.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
I.K. POLYMERS NORTH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-72, Kirti Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation
: |
07.07.2010 |
|
|
|
|
Com. Reg. No.: |
55-205434 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.468 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209DL2010PTC205434 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELI08030B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCI3540E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and Distributor of Plastic raw material |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company establishing itself gradually. The company has
achieved Sizable turnover in its very first year of operation. Trade
relations are reported as fair. Business is active. Payment terms are
unknown. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Ms. Manisha |
|
Designation : |
Global Operation Manager |
|
Contact No.: |
91-124-4147997 |
|
Date : |
18.08.2011 |
LOCATIONS
|
Registered Office : |
C-72, Kirti Nagar, |
|
Tel. No.: |
91-124-4417997 |
|
Fax No.: |
91-124-4071159 |
|
E-Mail : |
|
|
Area : |
500 sq. ft |
|
Location : |
Rented |
|
|
|
|
Head Office : |
Plot No. Sector 37, Pace City – II, Gurgaon, |
|
|
|
|
Branch Office : |
Gurgaon Haryana |
DIRECTORS
AS ON : 31.03.2010
|
Name : |
Mr. Rohit Jain |
|
Designation : |
Director |
|
Address : |
GB-22, Shivaji Enclave, |
|
Date of Birth/Age : |
15.03.1983 |
|
Din No.: |
00626369 |
|
|
|
|
Name : |
Mr. Mayur Jain |
|
Designation : |
Director |
|
Address : |
GB-22, Shivaji Enclave, |
|
Date of Birth/Age : |
05.10.1980 |
|
Din No.: |
00626354 |
|
|
|
|
Name : |
Mr. Frank Cho |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Jung Rea Cho |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Ms. Manisha |
|
Designation : |
Global Operating Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 01.07.2010
|
NAMES OF SHAREHOLDERS |
|
NO. OF SHARES |
|
Mayur Jain |
|
5000 |
|
Rohit Jain |
|
5000 |
|
|
|
|
|
Total |
|
10000 |
|
LIST OF ALLOTTEES |
|
NO. OF SHARES |
|
|
|
|
|
Jee Joong Gu |
|
74415 |
|
Jung Rea Cho |
|
147465 |
|
Mayur Jain |
|
12500 |
|
Rohit Jain |
|
12500 |
|
Rohit Jain |
|
135000 |
|
Mayur Jain |
|
245000 |
|
Rohit Jain |
|
110000 |
|
|
|
|
|
Total |
|
736880 |
BUSINESS DETAILS
|
Line of Business : |
Importer and Distributor of Plastic raw material |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
Importer |
|
|
|
|
No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
State Bank of |
|
|
|
|
Facilities : |
---- |
|
Banking
Relations : |
---- |
|
|
|
|
Auditors : |
|
|
Name : |
Vijay Shah and Company Chartered Accountant |
|
Address : |
|
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
746880 |
Equity Shares |
Rs.10/- each |
Rs. 7.468
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
135.000 |
|
|
|
|
|
Expected Sales (2011-2012 ) : Rs. 450.000 millions.
The above information has been parted by Ms. Manisha.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERNCES :
- D R
International
- Deepika
Polymers
FORM : 8
|
Corporate
identity number of the company |
U25209DL2010PTC205434 |
|
Name of the
company |
I.K. POLYMERS
NORTH PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
G-72, Kirti
Nagar, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
State Bank of |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Goods and Assets. Letter Regarding
Grant of Individual Limits within the overall limit. |
|
Date of
instrument Creating the charge |
09/08/2010 |
|
Amount secured by
the charge |
Rs. 70.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest In Case of Cash
Credit (Hyp.) Limit - @ 3.50% above Base rate i.e. 11.25% p.a. In Case of LC -
Commission as prescribed by the Bank. Terms of repayment Payable on
demand. Margin Raw
materials/SIP/FG and Stores and Spares - 25% Book Debts (not older
than 60 days) - 50% LC - 10% Extent and operation of the charge 100% Other To secure all
amounts payable under Cash Credit (Hyp.) Limit of Rs. 20.000 millions with
sub limit against Book Debts Limit Rs. 5.000 millions and Letter of Credit
(DA/DP) (Docy.) Limit of Rs. 50.000 millions with Buyers Credit Limit (Within
LC Limit) - Rs. 50.000 millions aggregating Rs. 70.000 millions granted to
the Company together with all interests, costs, charges, expenses etc. One way
interchangeability of Rs. 10.000 millions from fund based limits to non fund
based limits. |
|
Short particulars
of the property charged (Including location of the property) |
First charge by
way of hypothecation of entire current assets of the firm i.e. raw materials,
stock in process, finished goods, semi finished goods, stores, spares and
book debts and other current assets For Letter of
Credit - DD/Invoices and documents of title to goods (RRs, MTRs, Complete Set
of Clean "On Board" Bills of Lading covering procurement of
(domestic/import) of finished goods etc. Extension of
hypothecation of charge on entire current assets of the company and
collateral security cover as available for CC (Hyp.) Limit will be effected
to cover this facility. |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 46.13 |
|
|
1 |
Rs. 75.52 |
|
Euro |
1 |
Rs. 66.53 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.