|
Report Date : |
05.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
UMA POLYMERS LIMITED |
|
|
|
|
Registered
Office : |
C Wings, 1st Floor, Abhay Chambers, Jalori Gate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.04.1987 |
|
|
|
|
Com. Reg. No.: |
17-003956 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 111.551 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25201RJ1987PLC003956 |
|
|
|
|
IEC No.: |
1397003634 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JDHU00929F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU0748E AAACU2021J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Flexible Packaging Materials |
|
|
|
|
No. of Employees
: |
420 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal 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 |
LOCATIONS
|
Registered Office : |
C Wings, 1st Floor, Abhay Chambers, Jalori Gate, |
|
Tel. No.: |
91-291-2868285 / 2868290 |
|
Mobile No.: |
91-9829600804 (Mr. C. L. Khimsara) |
|
Fax No.: |
91-291-2868292 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 sq. ft |
|
Location : |
Rented |
|
|
|
|
Factory 1: |
Uma Nagar, National Highway No. 65, Pali Road, District
Jodhpur-342802, Rajasthan, India |
|
Tel. No.: |
91-291-2868131 to 132 |
|
Fax No.: |
91-291-2868275 |
|
E-Mail : |
|
|
Area : |
225000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2: |
G-155/156, Ambaji Industrial Area, Abhu Road, District Sirohi,
Santpur-307026, Rajasthan, India |
|
Tel. No.: |
91-2974-226881 to 885 |
|
Fax No.: |
91-2974-226883 |
|
E-Mail : |
|
|
Area : |
225000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Marketing Office
: |
Noida Plot No.C-67,
Sector 2, Noida201301, India |
|
Tel. No.: |
91-120-4335250 / 4335251 |
|
E-Mail : |
|
|
Area : |
2500 sq. ft. |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mrs. Sarita Lodha |
|
Designation : |
Director |
|
Address : |
C-66-67, Shastri Nagar,
Jodhpur-342003, Rajasthan, India |
|
Date of Birth/Age : |
22.05.1966 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00057325 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U65903RJ1995PTC009934 |
SHRIKUL
TRADING COMPANY PRIVATE LIMITED |
Director |
01-02-02 |
01-02-02 |
Active |
NO |
|
2 |
U51101RJ1995PTC009542 |
UPL
TRADING COMPANY PRIVATE LIMITED |
Director |
02-12-02 |
02-12-02 |
Active |
NO |
|
3 |
U25201RJ1994PTC008544 |
UMA
POLYPACKS PRIVATE LIMITED |
Director |
02-12-02 |
02-12-02 |
Active |
NO |
|
4 |
U25201RJ1987PLC003956 |
UMA
POLYMERS LIMITED |
Director |
01-02-10 |
01-04-04 |
Active |
NO |
|
5 |
U55101RJ2005PTC020095 |
MICRO
RESORTS PRIVATE LIMITED |
Director |
04-01-05 |
04-01-05 |
Active |
NO |
|
6 |
U70100MH2005PTC150756 |
SECURE
REAL ESTATE AND ENERGY PRIVATE LIMITED |
Director |
01-06-05 |
01-06-05 |
Active |
NO |
|
7 |
U74899DL1988PTC030231 |
NEHAR
ELECTRONICS PRIVATE LIMITED |
Director |
10-06-05 |
10-06-05 |
Active |
NO |
|
8 |
U74950MH2007PLC174118 |
UMAX
PACKAGING LIMITED |
Whole-time
director |
01-02-10 |
14-09-07 |
Active |
NO |
|
9 |
U51909WB2005PTC104048 |
RIDDHI
SIDDHI TIE-UP PRIVATE LIMITED |
Director |
11-01-10 |
11-01-10 |
Active |
NO |
|
10 |
U74140RJ2011PTC036417 |
UMASONS
HOLDINGS PRIVATE LIMITED |
Director |
09-09-11 |
09-09-11 |
Active |
NO |
|
11 |
U51109RJ2011PTC036441 |
UMASONS
ENTERPRISES PRIVATE LIMITED |
Director |
12-09-11 |
12-09-11 |
Active |
NO |
|
12 |
U70101RJ2011PTC036581 |
TRANSLAND
DEVELOPERS PRIVATE LIMITED |
Director |
26-09-11 |
26-09-11 |
Active |
NO |
|
13 |
U51909WB1994PTC063823 |
SMDS
TRADING PRIVATE LIMITED |
Director |
01-10-11 |
01-10-11 |
Active |
NO |
|
Name : |
Mr. Shripal Raj Lodha |
|
Designation : |
Director |
|
Address : |
C-66-67, Shastri Nagar,
Jodhpur-342003, Rajasthan, India |
|
Date of Birth/Age : |
20.10.1958 |
|
Date of Appointment : |
29.04.1987 |
|
DIN No.: |
00057381 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U25201RJ1987PLC003956 |
UMA
POLYMERS LIMITED |
Managing
director |
01-05-09 |
29-04-87 |
Active |
NO |
|
2 |
U70100MH2005PTC150756 |
SECURE
REAL ESTATE AND ENERGY PRIVATE LIMITED |
Director |
01-06-05 |
01-06-05 |
Active |
NO |
|
3 |
U51909WB2004PTC100764 |
REWARD
EXPORTS PRIVATE LIMITED |
Director |
20-08-07 |
20-08-07 |
Active |
NO |
|
4 |
U74950MH2007PLC174118 |
UMAX
PACKAGING LIMITED |
Managing
director |
01-02-10 |
14-09-07 |
Active |
NO |
|
5 |
U74140RJ2011PTC036417 |
UMASONS
HOLDINGS PRIVATE LIMITED |
Director |
09-09-11 |
09-09-11 |
Active |
NO |
|
6 |
U51109RJ2011PTC036441 |
UMASONS
ENTERPRISES PRIVATE LIMITED |
Director |
12-09-11 |
12-09-11 |
Active |
NO |
|
7 |
U70101RJ2011PTC036581 |
TRANSLAND
DEVELOPERS PRIVATE LIMITED |
Director |
26-09-11 |
26-09-11 |
Active |
NO |
|
Name : |
Mr. Rakesh Jain |
|
Designation : |
Director |
|
Address : |
G-14, 1st
Floor,
Shastri Nagar, Jodhpur-342003, Rajasthan, India |
|
Date of Birth/Age : |
12.02.1966 |
|
Date of Appointment : |
01.01.2005 |
|
DIN No.: |
00080086 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U25201RJ1987PLC003956 |
UMA
POLYMERS LIMITED |
Director |
01-01-05 |
01-01-05 |
Active |
NO |
|
2 |
U51909WB2004PTC100764 |
REWARD
EXPORTS PRIVATE LIMITED |
Director |
11-01-10 |
11-01-10 |
Active |
NO |
|
Name : |
Mr. Gyan Prakash Mehta |
|
Designation : |
Director |
|
Address : |
807, Maker Cambers Nariman Point, Mumbai-400021, Maharashtra, India |
|
Date of Birth/Age : |
15.05.1951 |
|
Date of Appointment : |
09.09.1996 |
|
DIN No.: |
01350065 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U25201RJ1987PLC003956 |
UMA
POLYMERS LIMITED |
Director |
09-09-96 |
09-09-96 |
Active |
NO |
|
2 |
U27100MH1981PTC024442 |
KANUNGO
ALLOYS PRIVATE LIMITED |
Director |
01-10-98 |
01-10-98 |
Active |
NO |
|
Name : |
Mr. Shrikul Lodha |
|
Designation : |
Director |
|
Address : |
C-66-67, Shastri Nagar,
Jodhpur-342003, Rajasthan, India |
|
Date of Birth/Age : |
28.01.1992 |
|
Date of Appointment : |
15.04.2011 |
|
DIN No.: |
03011881 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U51101RJ1995PTC009542 |
UPL
TRADING COMPANY PRIVATE LIMITED |
Director |
30-09-11 |
10-01-11 |
Active |
NO |
|
2 |
U74899DL1988PTC030231 |
NEHAR
ELECTRONICS PRIVATE LIMITED |
Additional
director |
10-01-11 |
10-01-11 |
Active |
NO |
|
3 |
U74950MH2007PLC174118 |
UMAX
PACKAGING LIMITED |
Director |
27-09-11 |
15-04-11 |
Active |
NO |
|
4 |
U25201RJ1987PLC003956 |
UMA
POLYMERS LIMITED |
Director |
30-09-11 |
15-04-11 |
Active |
NO |
|
5 |
U74140RJ2011PTC036417 |
UMASONS
HOLDINGS PRIVATE LIMITED |
Director |
09-09-11 |
09-09-11 |
Active |
NO |
|
6 |
U51109RJ2011PTC036441 |
UMASONS
ENTERPRISES PRIVATE LIMITED |
Director |
12-09-11 |
12-09-11 |
Active |
NO |
|
7 |
U70101RJ2011PTC036581 |
TRANSLAND
DEVELOPERS PRIVATE LIMITED |
Director |
26-09-11 |
26-09-11 |
Active |
NO |
|
8 |
U51909WB1994PTC063823 |
SMDS
TRADING PRIVATE LIMITED |
Director |
01-10-11 |
01-10-11 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Khalid Hussain |
|
Designation : |
Company Secretary |
|
Address : |
5/3, Pulia-4, Chopasni Housing Board, Jodhpur-342008, Rajasthan, India
|
|
Date of Birth/Age : |
15.12.1971 |
|
Date of Appointment : |
24.05.1999 |
|
Pan No.: |
AATPH6919K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Equity Shareholders |
No. of Shares |
|
Shripal Lodha |
2621450 |
|
Urmila Lodha |
350000 |
|
Sarita Lodha |
2356900 |
|
Shripal Lodha as a karta of Shripal Lodha and Sons HUF |
130450 |
|
Shrikul Lodha |
244700 |
|
Shrikruti Lodha u/g of Shripal Lodha |
120600 |
|
Shruti Lodha |
121500 |
|
Shrikul Trading Company Private Limited, India |
755000 |
|
Uma Polypacks Private Limited, India |
415000 |
|
Ravindra Rajpurohi |
100 |
|
Rakesh Jain |
200 |
|
C Khimsara |
100 |
|
Bishan Rathore |
300 |
|
Ram Meghwal |
100 |
|
Micro Resorts Private Limited, India |
187500 |
|
Reward Exports Private Limited, India |
1032500 |
|
Secure Real Estate and Energy Private Limited, India |
42500 |
|
Riddhi Siddhi Tie-Up Private Limited, India |
1045000 |
|
Diamond Financial Consultants Private Limited, India |
231250 |
|
Total |
9655150 |
AS ON 30.09.2011
|
Names of Preference Shareholders |
No. of Shares |
|
Uma Polypacks Private Limited, India |
320000 |
|
Shrikul Trading Company Private Limited, India |
365000 |
|
Secure Real Estate and Energy Private Limited, India |
450000 |
|
Sarita Lodha |
365000 |
|
Total |
1500000 |
AS ON 09.03.2012
|
Names of Allottees |
No. of Shares |
|
Smds Trading Private Limited, India |
43750 |
|
Total |
43750 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of Holding |
|
Bodies corporate |
38.00 |
|
Directors or relatives of Directors |
62.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Flexible Packaging Materials |
|
|
|
|
Products : |
Domestic Market
International
Market
|
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Actual
Production |
|
Pouches |
Nos. |
193392611 |
|
Flexible Rolls |
MT |
3805.475 |
|
Scrap Generated |
MT |
605.413 |
GENERAL INFORMATION
|
No. of Employees : |
420 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
Kapda Bazar, Chandi Hall |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra Jain Chartered Accountant |
|
Address : |
Kalptaru Shopping Centre, |
|
Tel. No.: |
91-291-2627730 |
|
Mobile No.: |
91-9829021236 |
|
|
|
|
Associates : |
UPL Trading Company Private Limited CIN No.:
U51101RJ1995PTC009542 Secure Real Estate and Energy Private Limited CIN No.:
U70100MH2005PTC150756 Nehar Electronics Private Limited CIN No.:
U74899DL1988PTC030231 Uma Polypacks
Private Limited CIN No.:
U25201RJ1994PTC008544 |
|
|
|
|
Subsidiaries : |
Umax Packaging Limited CIN No.:
U74950MH2007PLC174118 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs. 110.000 Millions |
|
1500000 |
Preference Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
Total
|
|
Rs. 125.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9655150 |
Equity Shares |
Rs.10/- each |
Rs. 96.551
Millions |
|
1500000 |
Preference Shares |
Rs.10/- each |
Rs. 15.000
Millions |
|
|
Total |
|
Rs. 111.551 Millions |
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs. 110.000 Millions |
|
1500000 |
Preference Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
Total
|
|
Rs. 125.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11198900 |
Equity Shares |
Rs.10/- each |
Rs. 111.989
Millions |
|
|
|
|
|
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 |
111.551 |
105.552 |
113.189 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
410.804 |
338.859 |
303.248 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
522.355 |
444.411 |
416.437 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
165.376 |
137.976 |
122.019 |
|
|
2] Unsecured Loans |
16.930 |
19.810 |
23.263 |
|
|
TOTAL BORROWING |
182.306 |
157.786 |
145.282 |
|
|
DEFERRED TAX LIABILITIES |
7.775 |
6.595 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
712.436 |
608.792 |
561.719 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
178.758 |
142.018 |
143.916 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
282.307 |
208.807 |
204.076 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
115.849
|
92.707 |
113.256 |
|
|
Sundry Debtors |
169.900
|
122.645 |
129.237 |
|
|
Cash & Bank Balances |
25.830
|
26.098 |
11.911 |
|
|
Other Current Assets |
0.000
|
0.000 |
4.121 |
|
|
Loans & Advances |
66.576
|
74.226 |
30.213 |
|
Total
Current Assets |
378.155
|
315.676 |
288.738 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
98.889
|
28.394 |
51.783 |
|
|
Other Current Liabilities |
118.968
|
48.190 |
19.408 |
|
|
Provisions |
7.816
|
9.519 |
3.820 |
|
Total
Current Liabilities |
126.784
|
57.709 |
75.011 |
|
|
Net Current Assets |
251.371
|
257.967 |
213.727 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
712.436 |
608.792 |
561.719 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1155.350 |
809.942 |
903.512 |
|
|
|
Other Income |
7.610 |
6.664 |
5.425 |
|
|
|
TOTAL (A) |
1162.960 |
816.606 |
908.937 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
973.826 |
648.240 |
670.021 |
|
|
|
Cost of Material |
0.000 |
0.000 |
5.827 |
|
|
|
Cost of Trading Goods |
0.000 |
0.000 |
14.531 |
|
|
|
Stores and Components Consumed |
0.000 |
0.000 |
36.108 |
|
|
|
Manufacturing Service Cost |
31.544 |
29.371 |
51.148 |
|
|
|
Employee related expenses |
38.544 |
30.035 |
38.253 |
|
|
|
Administrative Expenses |
36.754 |
34.450 |
20.938 |
|
|
|
Prior period items |
0.020 |
0.061 |
0.000 |
|
|
|
TOTAL (B) |
1080.688 |
742.157 |
836.826 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
82.272 |
74.449 |
72.111 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.388 |
14.393 |
16.421 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
65.884 |
60.056 |
55.690 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
15.373 |
16.619 |
16.187 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
50.511 |
43.437 |
39.503 |
|
|
|
|
|
|
|
|
|
Less |
Prior Period
Adjustments |
0.000 |
0.000 |
0.003 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
19.342 |
16.637 |
13.770 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
31.169 |
26.800 |
25.730 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
161.970 |
136.398 |
111.718 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Preference Dividend |
1.050 |
1.050 |
1.050 |
|
|
|
Tax on Dividend |
0.174 |
0.178 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
191.915 |
161.970 |
136.398 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
5.792 |
1.162 |
5.409 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
19.503 |
72.832 |
110.339 |
|
|
|
Capital Goods |
16.062 |
0.000 |
8.276 |
|
|
TOTAL IMPORTS |
35.565 |
72.832 |
118.615 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.40 |
3.28 |
2.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.68
|
3.28 |
2.83 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.37
|
5.36 |
4.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.07
|
9.49 |
9.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.10 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.61
|
0.50 |
0.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.98
|
5.47 |
3.85 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS
The profits
increased to 50.500 Millions as compared to 43.500 Millions in the previous
year mainly on account of overall good performance of the Company in every
field, which resulted in to the boosting results.
FORM 8
|
Corporate
identity number of the company |
U25201RJ1987PLC003956 |
|
Name of the
company |
UMA POLYMERS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-Wings,1st
Floor, Abhay -Chambers, Jalori Gate, Jodhpur, Rajasthan, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable property
|
|
Particular of
charge holder |
Kapda Bazar, Chandi Hall |
|
Nature of
instrument creating charge |
1. Supplemental
Deed of Guarantee for increase in Overall Limit, Dated: 10.10.2011. |
|
Date of instrument
Creating the charge |
10.10.2011 |
|
Amount secured by
the charge |
Rs. 696.100
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Not applicable as
the Company has provided Corporate Guarantee only. Terms of repayment Not applicable as
the Company has provided Corporate Guarantee only. Margin Not applicable as
the Company has provided Corporate Guarantee only. Extent and operation of the charge The Bank has
sanctioned total limit to M/s Umax Packaging Limited of Rs. 534.600 Millions,
for which the company has provided corporate guarantee by way of equitable
mortgage of its Industrial land of 87.3 bighas at Khasra No.101 / 6 / 1, 101
/ 6, 103 / 1, 103, 103/2,103/3,103/3/1,103/4, 20 and 20/2 situated at Village
Mogra, District Jodhpur, Rajasthan. |
|
Short particulars
of the property charged (Including location of the property) |
Industrial land
of 87.3 bighas at Khasra No. 101/6/1, 101/6, 103/1, 103, 103/2, 103/3,
103/3/1, 103/4, 20 and 20/2, situated at Village Mogra, District Jodhpur,
Rajasthan. |
|
Charge
identification number of the charge to be modified |
10092351 |
|
Date of
instrument modifying the charge |
07.04.2011 |
|
Particulars of the
present modification |
The Bank has
enhanced Total amount of Loan from Rs. 534.600 Millions to Rs. 696.100
Millions to M/s Umax Packaging Limited for which the company has provided
Corporate Guarantee. |
FIXED ASSETS
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. 51.04 |
|
|
1 |
Rs. 81.08 |
|
Euro |
1 |
Rs. 67.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.