MIRA
INFORM REPORT
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Report Date : |
27.06.2011 |
IDENTIFICATION DETAILS
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Name : |
PAC EDGE LABELS PRIVATE LIMITED |
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Registered
Office : |
B-57, Kalkaji, New Delhi-110019 |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
13.05.2000 |
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Com. Reg. No.: |
105969 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.990 Million |
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CIN No.: [Company Identification
No.] |
U22219DL2000PTC105969 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELP06418G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Labels and accessories of Labels. |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 8000 |
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Status : |
Small company |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. however, trade relation are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for small to mediocre 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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Tarun Arora |
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Designation : |
Director |
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Contact No.: |
91-9868112825 |
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Date : |
24.06.2011 |
LOCATIONS
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Registered Office : |
B-57, Kalkaji, New Delhi-110019, |
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Tel. No.: |
91-11-26071414 /26081804 / 29965804/ 29965414 |
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Mobile No.: |
91-9868112825 (Mr. Tarun Arora) |
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Fax No.: |
91-11-26096295/ 29964731 |
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E-Mail : |
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Website : |
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Area : |
1600 Sq. Ft |
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Location : |
Owned |
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Factory : |
F-2, |
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Area : |
2000 Sq. ft. |
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Location : |
Rented |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Baldev Raj Arora |
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Designation : |
Director |
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Address : |
B-57, Kalkaji, New Delhi-110019, |
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Date of Birth/Age : |
18.11.1940 |
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Qualification : |
Graduate |
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Date of Appointment : |
13.05.2000 |
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DIN No.: |
00404327 |
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Name : |
Mrs. Renu Arora |
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Designation : |
Director |
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Address : |
B-57, Kalkaji, New Delhi-110019, |
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Date of Birth/Age : |
12.09.1948 |
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Qualification : |
Graduate |
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Date of Appointment : |
13.05.2000 |
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DIN No.: |
00404206 |
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Name : |
Mr. Tarun Arora |
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Designation : |
Director |
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Address : |
B-57, Kalkaji, New Delhi-110019, |
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Date of Birth/Age : |
29.08.1967 |
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Qualification : |
PG |
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Date of Appointment : |
13.05.2000 |
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DIN No.: |
00403029 |
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Name : |
Mr. Puneet Arora |
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Designation : |
Director |
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Address : |
B-57, Kalkaji, New Delhi-110019, |
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Date of Birth/Age : |
09.06.1972 |
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Qualification : |
Graduate |
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Date of Appointment : |
13.05.2000 |
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DIN No.: |
01336685 |
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Name : |
Mrs. Shweta Arora |
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Designation : |
Director |
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Address : |
B-57, Kalkaji, New Delhi-110019, |
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Date of Birth/Age : |
16.08.1972 |
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Qualification : |
Graduate |
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Date of Appointment : |
13.05.2000 |
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DIN No.: |
00434766 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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B R Arora |
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39600 |
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Renu Arora |
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9900 |
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Tarun Arora |
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12375 |
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Punit Arora |
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24750 |
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Shweta Arora |
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12375 |
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Total |
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99000 |
As on 30.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Labels and accessories of Labels. |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sethi Agarwal and Associates Chartered Accountant |
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Address : |
B-26, Sector – 8, Dwarka, |
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Mobile No.: |
91-9958466342/ 9810508383 |
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Fax No.: |
91-11-253653333 |
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E-Mail : |
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PAN.: |
ABFFS7226J |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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99000 |
Equity Shares |
Rs.10/- each |
Rs. 0.990
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sales Turnover (Approximately) |
10.000 |
10.000 |
6.000 |
The above information has been parted by Mr. Tarun Arora.
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.990 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1.106 |
0.830 |
0.814 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2.096 |
0.930 |
0.914 |
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LOAN FUNDS |
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1] Secured Loans |
0.225 |
0.382 |
0.295 |
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2] Unsecured Loans |
1.344 |
2.211 |
2.211 |
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TOTAL BORROWING |
1.569 |
2.593 |
2.506 |
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DEFERRED TAX LIABILITIES |
0.161 |
0.188 |
0.000 |
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TOTAL |
3.826 |
3.711 |
3.420 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.493 |
4.398 |
4.920 |
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Capital work-in-progress |
0.000 |
0.133 |
0.133 |
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INVESTMENT |
0.410 |
0.290 |
0.170 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.047 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.529
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0.378 |
0.183 |
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Sundry Debtors |
2.118
|
1.514 |
1.564 |
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Cash & Bank Balances |
0.801
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0.457 |
0.244 |
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Other Current Assets |
0.129
|
0.076 |
0.156 |
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Loans & Advances |
0.016
|
0.017 |
0.028 |
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Total
Current Assets |
3.593
|
2.442 |
2.175 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
3.737
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2.617 |
2.852 |
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Other Current Liabilities |
0.814
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0.888 |
0.926 |
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Provisions |
0.119
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0.047 |
0.247 |
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Total
Current Liabilities |
4.670
|
3.552 |
4.025 |
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Net Current Assets |
(1.077)
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(1.110) |
(1.850) |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
3.826 |
3.711 |
3.420 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.98
|
6.61 |
7.14 |
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Current Ratio (Current Asset/Current Liability) |
|
0.77
|
0.69 |
0.54 |
LOCAL AGENCY FURTHER INFORMATION
Trade References:
·
Rav International,
Operations:
The company is able to keep up with the past performance
and has achieved commensurate profits as compared to last year and is targeting
new markets to increase the turnover.
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 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.44.94 |
|
|
1 |
Rs.71.89 |
|
Euro |
1 |
Rs.64.09 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
YES |
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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 |
|
29 |
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
|
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.