MIRA INFORM REPORT

 

 

Report Date :

09.12.2011

 

IDENTIFICATION DETAILS

 

Name :

VIMAL PLASTIC INDUSTRIES

 

 

Registered Office :

Opposite Sarvoday, Survey No. 247/6, Near Mars Forge, Taluka Kotda Sangani, Shapar (Veraval), Rajkot – 360024, Gujarat

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

Year of Establishment :

1990

 

 

Capital Investment / Paid-up Capital :

Rs.4.000 Millions

 

 

Legal Form :

Sole Proprietory Concern

 

 

Line of Business :

Manufacturer of Plastic Products.

 

 

No. of Employees :

40 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 16000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established proprietory concern having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments.

 

The concern can be considered for business dealings at usual trade terms and conditions.

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

India

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 :

Mr. Haribhai Patel

Designation :

Proprietor

Contact No.:

91-9825079120

Date :

07.12.2011

 

 

LOCATIONS

 

Registered Office/ Factory :

Opposite Sarvoday, Survey No. 247/6, Near Mars Forge, Taluka Kotda Sangani, Shapar (Veraval), Rajkot – 360024, Gujarat, India

Tel. No.:

91-2827-252170

Mobile No.:

91-9825079120 (Mr. Haribhai Patel)

E-Mail :

vimal_haribhai@rediffmail.com

Website :

www.vimalplastic.com

Area :

1500 sq.ft

Location :

Owned

 

 

SOLE PROPRIETOR

 

Name :

Mr. Haribhai Patel

Designation :

Proprietor

Address :

43 Years

Date of Birth/Age :

B. Pharma

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Plastic Products.

 

 

Terms :

 

Selling :

Cash/ Credit (30 days)

 

 

Purchasing :

Cash/ Credit (30 days)

 

 

GENERAL INFORMATION

 

Customers :

·         End Users

·         OEM’s

·         Manufacturing Company

 

 

No. of Employees :

40 (Approximately)

 

 

Bankers :

Central Bank of India, Rajkot Main Branch, Gujarat, India

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

H P Goda and Company

Chartered Accountants

Address :

Rajkot

 

 

CAPITAL STRUCTURE

 

As on 31.03.2011

 

Capital Investment :

 

Owned :

Rs.4.000 Millions

Borrowed :

--

Total :

Rs.4.000 Millions

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Particulars

 

31.03.2011

31.03.2010

31.03.2009

Sales Turnover (Approximately)

16.000

12.000

9.000

 

 

 

 

 

Expected Sales (2011-12) : Rs.20.000 Millions

 

The above information has been parted by Mr. Haribhai Patel.

 

 

Note : Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Check List by Info Agents

Available in Report (Yes / No)

1) Year of Establishment

Yes

2) Locality of the firm

Yes

3) Constitutions of the firm

Yes

4) Premises details

Yes

5) Type of Business

Yes

6) Line of Business

Yes

7) Promoter’s background

--

8) No. of employees

Yes

9) Name of person contacted

Yes

10) Designation of contact person

Yes

11) Turnover of firm for last three years

Yes

12) Profitability for last three years

No

13) Reasons for variation <> 20%

--

14) Estimation for coming financial year

Yes

15) Capital in the business

Yes

16) Details of sister concerns

No

17) Major suppliers

No

18) Major customers

No

19) Payments terms

No

20) Export / Import details (if applicable)

No