MIRA INFORM REPORT

Report Date :

14.12.2011

IDENTIFICATION DETAILS

Name :	KNACK PLAST PRIVATE LIMITED

Registered Office :	16, Ground Floor, Mamta Complex, Near Sattadhar Cross Road, Ghtlodia, Ahmedabad–380061, Gujarat

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	25.08.1994

Com. Reg. No.:	04-022866

Capital Investment / Paid-up Capital :	Rs. 0.600 Million

CIN No.: [Company Identification No.]	U25209GJ1994PTC022866

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer, Importer and Exporter of HDPE/PP Woven Bags, HDPE/PP Fabrics, HDPE/PP Woven Sacks, BOPP Multi Colors Bags, Jumbo Bags, Paper Bags, Wrapping Fabrics, etc.

No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 11000

Status :	Moderate

Payment Behaviour :	Slow

Litigation :	Clear

Comments :	Subject is an established company having moderate track records. Profitability of the company appears to be low. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

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

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. Manilal K. Patel
Designation :	Director
Contact No.:	91-9825774416
Date :	10.12.2011

Name :	Mr. Vinit Patel
Designation :	Marketing Manager
Contact No.:	91-9825915111

LOCATIONS

Registered Office/ Factory 1 :	16, Ground Floor, Mamta Complex, Near Sattadhar Cross Road, Ghtlodia, Ahmedabad–380061, Gujarat, India
Tel. No.:	91-79-27432580/ 27411117
Mobile No.:	91-9825774416 (Mr. Manilal K Patel)
Fax No.:	91-79-27411117
E-Mail :	knackplast@hotmail.com info@knackplast.com
Area:	1000 Sq. ft.
Location :	Owned

Factory 2 :	9, Dantali Industrial Estate, Dantali, Gota-Vadsar Road, Taluka Kalol, District Gandhinagar, Gujarat, India
Area :	5000 Sq. ft.
Location :	Owned

DIRECTORS

AS ON 29.09.2011

Name :	Mr. Manilal Keshavlal Patel
Designation :	Director
Address :	38/A, Subh Labh Society, Opposite Sun-N-Step Club, Thaltej, Ahmedabad, India
Date of Birth/Age :	01.06.1950
Date of Appointment :	15.04.1997
DIN No.:	00127884

Name :	Mrs. Kantaben Manilal Patel
Designation :	Director
Address :	38/A, Subh Labh Society, Opposite Sun-N-Step Club, Thaltej, Ahmedabad, India
Date of Birth/Age :	08.10.1950
Date of Appointment :	01.04.2006
DIN No.:	00127888

Name :	Mr. Jayantibhai Keshavlal Patel
Designation :	Director
Address :	A/1, Greenwood Society, Near Vishwash Flats, Ahmedabad - 380054, Gujarat, India
Date of Birth/Age :	20.03.1959
Date of Appointment :	01.04.2006
DIN No.:	00127885

Name :	Mrs. Liaben Jayantibhai Patel
Designation :	Director
Address :	A/1, Greenwood Society, Near Vishwash Flats, Ahmedabad - 380054, Gujarat, India
Date of Birth/Age :	01.06.1961
Date of Appointment :	01.04.2006
DIN No.:	00127886

KEY EXECUTIVES

Name :	Mr. Vinit Patel
Designation :	Marketing Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2011

Names of Shareholders	No. of Shares
Ambalal Patel	5000
Kantaben Patel	7500
Manilal Patel	8000
Tulsibhai Patel	4000
Kamlaben Patel	2500
Jayantibhai Patel	8500
Kamleshbhai Patel	2500
Kokilaben Patel	2500
Santokben Patel	2500
Savitaben Patel	2500
Dahiben Patl	100
Vitthaldas Patel	100
Ramdas Patel	100
Jaantibhai Keshavalal Patel H.U.F	300
Manilal Keshavlal Patel H.U.F	300
Lilaben Jayantibhai Patel	7500
Bhavnaben Natvarbhai Patel	100
Natvarbhai Patel	100
Ambalal Keshavlal Patel (Navab)	100
Bhavik Manibhai Patel	100
Digesh Jayantibhai Patel	100
Vinit Jayantibhai Patel	100
Suryankant Patel	100
Vitthaldas Parsottamdas Patel	100
Janki Bhavik Patel	2500
Ekta Digesh Patel	1800
Jasco Pump Private Limited, Ahmedabad, India	500
Bhavik Manibhai Patel HUF	500
Total	60000

AS ON 29.09.2011

Equity Shares Break Up	Percentage
Bodies corporate	0.83
Directors or relatives of Directors	98.00
Other top fifty shareholders	1.17
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of HDPE/PP Woven Bags, HDPE/PP Fabrics, HDPE/PP Woven Sacks, BOPP Multi Colors Bags, Jumbo Bags, Paper Bags, Wrapping Fabrics, etc.

Products :	HDPE/PP Woven Fabrics HDPE/PP Plastic Bags / Sacks

Exports :
Countries :	· South Africa · US · Span

Imports :
Products :	· Machinery · Raw Materials
Countries :	· Taiwan · Soudiarabia · Germany

Terms :
Selling :	Cash, Credit

Purchasing :	Cash (30 days)

GENERAL INFORMATION

Suppliers :

· Micro Inks

Customers :

End Users, Traders and Directors

· Hindalgo Industries Limited

· Ankur Chemfood Products Private Limited

No. of Employees :

50 (Approximately)

Bankers :

The Navnirman Co-operative Bank Limited, 15 Aakansha Apartments, Near Sola Railway Crossing, Ahmedabad – 380061, Gujarat, India
The Navnirman Co-operative Bank Limited, Satyasurya Complex, Sola Road, Ghatlodia, Ahmedabad-380061, Gujarat, India
Punjab National Bank, Sola Road, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
The Navnirman Co-Operative Bank Limited
Term Loan A/C 640185	3.972	5.417
Book Debts A/C (On Debtors)	4.163	4.596
Hypothecation A/C (On Stock)	4.507	2.719
Total	12.642	12.732

Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Deposit from Directors and Shareholders	2.403	4.152
Deposit from Shareholders	6.523	12.649
Total	8.926	16.801


Banking Relations :	--

Auditors :
Name :	S. N. Sanghavi and Company Chartered Accountant
Address :	11/A, Ajanta Commercial Centre, Ashram Road, Ahmedabad – 380014, Gujarat, India
Tel. No.:	91-79-27542623 / 27543532
Mobile No.:	91-9327031411
E-Mail :	Sarabhai_sanghavi@yahoo.co.in
Pan No.:	ACXPS7377M

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount

300000	Equity Shares	Rs.10/- each	Rs. 3.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

60000	Equity Shares	Rs.10/- each	Rs. 0.600 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital	0.600	0.600	0.600
2] Share Application Money	0.000	0.000	0.000
3] Reserves & Surplus