MIRA
INFORM REPORT
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Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
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Name : |
UNITEK PACKAGING SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
S-23, Okhla Industrial Area-II, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
13.06.1995 |
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Com. Reg. No.: |
55-070364 |
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Paid-up Capital
: |
Rs. 0.102 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1995PTC070364 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELU02843B |
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PAN No.: [Permanent Account No.] |
AAACU4584E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Packing Machinery |
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No. of Employees
: |
32 (approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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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 2000 |
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Status : |
Small company |
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Payment Behaviour : |
Slow |
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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 relations are reported as fair. Business is active.
Payments are reported to be slow. 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
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Name : |
Mr. Diwakar Sharma |
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Designation : |
Director |
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Contact No.: |
91-9810014265 |
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Date : |
29.06.2011 |
LOCATIONS
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Registered Office : |
S-23, Okhla Industrial Area-II, |
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Tel. No.: |
91-11-4104551/41045552 |
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Mobile No.: |
91-9810014265 (Mr. Diwakar Sharma) |
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Fax No.: |
91-11-40503166 |
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E-Mail : |
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Website : |
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Area : |
1300 sq.ft |
DIRECTORS
As On 30.09.2010
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Name : |
Mr. Diwakar Sharma |
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Designation : |
Director |
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Address : |
N – 147, Greater Kailash – 1, |
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Date of Birth/Age : |
21.10.1962 |
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Qualification : |
B.Com |
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Date of Appointment : |
13.06.1995 |
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DIN No.: |
00161413 |
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Name : |
Mrs. Sharda Sharma |
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Designation : |
Director |
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Address : |
N – 147, Greater Kailash – 1, |
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Date of Birth/Age : |
21.10.1966 |
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Qualification : |
B.Com |
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Date of Appointment : |
04.04.2005 |
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DIN No.: |
00161428 |
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Name : |
Mr. Umesh Brij Gopal Sharma |
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Designation : |
Director |
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Address : |
N – 147, Greater Kailash – 1, |
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Date of Birth/Age : |
20.09.1970 |
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Date of Appointment : |
13.06.1995 |
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DIN No.: |
02175189 |
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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Sharma Diwakar |
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10100 |
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Sharma Umesh |
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100 |
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Total |
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10200 |
As On 30.09.2010
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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 Packing Machinery |
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Products : |
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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 : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit: 30 Days |
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Purchasing : |
L/C, Cash and Credit: 30 Days |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
32 (approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Singh K V Gupta and Company Chartered Accountant |
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Address : |
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Pan No.: |
AABFS5286R |
CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.200 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10200 |
Equity Shares |
Rs. 10/- each |
Rs. 0.102 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
0.102 |
0.102 |
0.102 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.647 |
0.491 |
0.453 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.749 |
0.593 |
0.555 |
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LOAN FUNDS |
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1] Secured Loans |
0.533 |
0.764 |
1.033 |
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2] Unsecured Loans |
0.000 |
0.125 |
0.275 |
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TOTAL BORROWING |
0.533 |
0.889 |
1.308 |
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DEFERRED TAX LIABILITIES |
0.019 |
0.023 |
0.026 |
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TOTAL |
1.301 |
1.505 |
1.889 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.898 |
0.406 |
0.461 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
2.339
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1.932 |
0.545 |
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Sundry Debtors |
2.823
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2.506 |
1.859 |
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Cash & Bank Balances |
2.949
|
1.417 |
1.392 |
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Other Current Assets |
0.519
|
0.378 |
0.230 |
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Loans & Advances |
1.018
|
0.531 |
1.625 |
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Total
Current Assets |
9.648
|
6.764 |
5.651 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
3.701
|
3.019 |
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Other Current Liabilities |
6.100
|
2.275 |
3.916 |
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Provisions |
0.444
|
0.371 |
0.307 |
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Total
Current Liabilities |
10.245
|
5.665 |
4.223 |
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Net Current Assets |
(0.597)
|
1.099 |
1.428 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1.301 |
1.505 |
1.889 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
13.455 |
7.149 |
8.410 |
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Other Income |
0.186 |
0.425 |
0.316 |
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TOTAL |
13.641 |
7.574 |
8.726 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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Financial Expenses |
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TOTAL |
13.054 |
7.403 |
8.384 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.587 |
0.171 |
0.342 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.362 |
0.072 |
0.092 |
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PROFIT BEFORE
TAX |
0.225 |
0.099 |
0.250 |
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Less |
TAX |
0.073 |
0.064 |
0.094 |
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PROFIT AFTER TAX
(G-I) |
0.152 |
0.035 |
0.156 |
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Earnings Per
Share (Rs.) |
14.90 |
3.42 |
NA |
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Particulars |
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31.03.2011 |
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Sales Turnover |
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25.000 |
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The above information has been parted by Mr. Diwakar Sharma
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.11
|
0.46 |
1.79 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.67
|
1.38 |
2.97 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.95
|
1.38 |
4.09 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.17 |
0.45 |
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Debt Equity Ratio (Total Liability/Networth) |
|
14.39
|
11.05 |
9.97 |
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Current Ratio (Current Asset/Current Liability) |
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0.94
|
1.19 |
1.34 |
LOCAL AGENCY FURTHER INFORMATION
Note:
Subject was incorporated in the 1995. But Before that it was a Sole
Proprietor Concern in the year 1991.
Operating Result
The Directors are making their best efforts to increase the turnover and
consequently the net profit of the company.
Trade References:
- Tata Tea
- SKP Dryfruit
Private Limited
Fixed Assets:
- Furniture and fixture
- Plant and machinery
- Air conditioner
- Cars
- Cellular phone
- Computers and printers
- Electrical equipment
- Electrical typewriter
- Office equipment
- Fax machine
- Generator
- Motor cycle
- Scooters
- Fridge
- Security camera
- UPS
- Water purifier and Dispenser
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 |
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|
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.64.60 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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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 |
2 |
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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 |
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 |
|
28 |
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.