|
Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
SWANPACK PACKAGING MACHINES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Plot No. 12, Phase-IV, IDA Cherlapally, |
|
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.09.2007 |
|
|
|
|
Com. Reg. No.: |
055432 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999AP2007PTC055432 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS20843E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Bottle Filling Machines. |
|
|
|
|
No. of Employees
: |
50 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3132 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its field. Trade relations 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
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. C N Jyoti Prasad |
|
Designation : |
Director |
|
Contact No.: |
91-9490118758 |
|
Date : |
20.03.2012 |
LOCATIONS
|
Registered Office/Factory : |
Plot No. 12, Phase-IV, IDA Cherlapally, |
|
Tel. No.: |
91-40-20082851 |
|
Mobile No.: |
91-9490118758 (Mr. C N Jyoti Prasad) |
|
Fax No.: |
91-40-20082851 |
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E-Mail : |
|
|
Web Site: |
|
|
Area : |
3000sq.fts |
|
Location : |
Owned |
DIRECTORS
AS ON 26.09.2011
|
Name : |
Mr. Pola Ramalingeshwara Prasad |
|
Designation : |
Director |
|
Address : |
11-71, Pragathi Nagar Colony, P and T Colony, Dilsukh Nagar, |
|
Date of Birth/Age : |
22.10.1976 |
|
Qualification : |
MBA and Finance |
|
Date of Appointment : |
06.09.2007 |
|
|
|
|
Name : |
Mr. Chippala Turutu Narsing Rao Jyoti Prasad |
|
Designation : |
Director |
|
Address : |
1-3-183/40/57, S B I Colony, New Bakaram, Gandhinagar, |
|
Date of Birth/Age : |
18.10.1968 |
|
Qualification : |
MBA |
|
Date of Appointment : |
06.09.2007 |
|
|
|
|
Name : |
Mr. Pyla Venkata Ramana |
|
Designation : |
Director |
|
Address : |
H No.10-28/22, Plot No.5, Nagarjuna Nagar Colony, Kushaiguda, |
|
Date of Birth/Age : |
05.09.1978 |
|
Qualification : |
BE Mech |
|
Date of Appointment : |
15.10.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2011
|
Names of Shareholders |
No. of Shares |
|
Chippala Turutu Narsing Rao Jyoti Prasad |
6000 |
|
Pola Ramalingeshwara Prasad |
6000 |
|
Pyla Venkata Ramana |
6000 |
|
Ayyagari Kameswara Rao |
6000 |
|
Arnie Rajgopal Amarnath |
6000 |
|
Total |
30000 |
AS ON 26.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bottle Filling Machines. |
|
|
|
|
Exports : |
|
|
Products : |
Bottle Filling Machines |
|
Countries : |
·
Gulf Country ·
Africa |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Italy ·
Japan ·
Germany |
|
|
|
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Terms : |
|
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Selling : |
Cash, Credit |
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|
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Mitsubishi |
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Customers : |
·
Wholesaler ·
Retailers ·
Godrej |
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No. of Employees : |
50 Approximately |
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Bankers : |
·
HDFC Bank, Branch Sainik Puri, Hyderabad ·
HDFC Bank, HDFC Bank House, Senapati Bapat Marg,
Lower Parel (West), Mumbai 400013, Maharashtra, India |
|||||||||
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|||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Umesh and Chartered Accountant |
|
|
|
|
Name : |
B Radha Krishna Chartered Accountant |
|
Address : |
204, 2nd Floor, Amrutha Estates, Himayatanagar, Hyderabad –
500029, Andhra Pradesh, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 26.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000 |
Equity Shares |
Rs.10/- each |
Rs.0.300 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000 |
Equity Shares |
Rs.10/- each |
Rs.0.300 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 |
0.300 |
0.300 |
0.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.483 |
0.093 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.112) |
|
|
NETWORTH |
0.783 |
0.393 |
0.188 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
3.000 |
1.242 |
0.792 |
|
|
TOTAL BORROWING |
3.000 |
1.242 |
0.792 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.783 |
1.635 |
0.980 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.454 |
0.412 |
0.204 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6.100
|
2.000
|
0.700 |
|
|
Sundry Debtors |
1.340
|
1.047
|
0.299 |
|
|
Cash & Bank Balances |
1.706
|
0.642
|
0.638 |
|
|
Other Current Assets |
0.429
|
0.251
|
0.023 |
|
|
Loans & Advances |
0.528
|
0.440
|
0.071 |
|
Total
Current Assets |
10.103
|
4.380
|
1.731 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.136 |
1.133 |
0.258 |
|
|
Other Current Liabilities |
5.561
|
2.019
|
0.721 |
|
|
Provisions |
0.097
|
0.030
|
0.000 |
|
Total
Current Liabilities |
6.794
|
3.182
|
0.979 |
|
|
Net Current Assets |
3.309
|
1.198
|
0.752 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.020 |
0.025 |
0.024 |
|
|
|
|
|
|
|
|
TOTAL |
3.783 |
1.635 |
0.980 |
|
PROFIT & LOSS
ACCOUNT
Expected Sales (2011-2012) : Rs.40.000 Millions
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
17.005 |
10.207 |
3.754 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.633 |
0.277 |
0.039 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.633 |
0.277 |
0.039 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.146 |
0.071 |
0.076 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.487 |
0.206 |
(0.037) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.61
|
4.32
|
(1.91) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.62
|
0.52
|
(0.19) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
12.50
|
11.18
|
9.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48
|
1.38
|
1.77 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The registered office address of the company has been shifted from Plot No.46/A, Phase IV, IDA, Cherlapally, Hyderabad – 500051, Andhra Pradesh, India to the present address w.e.f.27.01.2010.
GENERAL VIEW:
The Company’s performance
was satisfactory during the year. The company could improve its results over
the previous financial year. The Directors are hopeful that the company shall
be able to achieve far better results in the years to come. The future of the
company seems to be bright.
FIXED ASSETS:
· Machinery
· Electrical and Fittings
· Air conditioner
· Generator
· Computer
· Furniture and Fixes
· Printer/Fax/Scanner
Form 8
|
Corporate
identity number of the company |
U74999AP2007PTC055432 |
|
Name of the
company |
SWANPACK PACKAGING MACHINES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 12, Phase-IV, IDA Cherlapally, Hyderabad – 500051, Andhra
Pradesh, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
HDFC Bank, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013, Maharashtra, India Email: RBBform8@hdfcbank.com |
|
Nature of
instrument creating charge |
Letter of
Hypothecation. |
|
Date of
instrument Creating the charge |
23.04.2011 |
|
Amount secured by
the charge |
Rs. 3.500
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of repayment On Demand. Margin Company shall at all
times during the continuance of this security maintain the said debts of a
sufficient amount to provide the margin of security as may from time to time
advised by the Bank. Extent and operation of the charge Hypothecation by
way of First Charge on Company's Stocks and Book Debts etc., to secure as a
continuing security as for the repayment of Rs.3.500 millions, together with
interest, costs, charges, expenses and other moneys due and payable by the
Company to the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation by
way first charge on: i) Stock in
Trade, consisting of raw materials, goods in process of manufacturing
finished goods, and other merchandise whatsoever being movable properties,
now stored at or being stored or which may hereafter be brought into or
stored at the premises, factories or warehouses or at any such place of the
Borrower; any of the above which is or may be in course of transit or
awaiting transit by any mode of transport to the Borrower’s factory or
premises or at any other place whatsoever and wheresoever in the Borrower’s
possession or occupation or at any other premises or place; and ii) All the
debts, that is, all the book debts, outstandings, monies receivables, claims,
bills, invoice documents, contracts, guarantees, and rights which are now due
and owing or which may at any time hereafter during the continuance of this
security becomes due and owing to the Borrower in the course of its business
by any person, firm, company or body corporate or by the Government
Department or office or any Municipal or Local or Public or Semi Government
Body or authority or any body corporate or undertaking or project whatever in the public sector. |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
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.51.27 |
|
|
1 |
Rs.81.38 |
|
Euro |
1 |
Rs.67.01 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.