MIRA
INFORM REPORT
|
Report Date : |
14.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
N N PRINT AND PACK PRIVATE LIMITED |
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Registered
Office : |
Gopalpur, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
22.06.1993 |
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Com. Reg. No.: |
21-059214 |
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Capital Investment
/ Paid-up Capital : |
Rs.11.000 Million |
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CIN No.: [Company Identification
No.] |
U22221WB1993PTC059214 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CALN01591C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Quality rotogravure printed and laminated flexible
packaging films. |
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No. of Employees
: |
65 (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 |
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Maximum Credit Limit : |
USD 161000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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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) |
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|
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
|
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. Vishwajit Chakraborthy |
|
Designation : |
Account Manager |
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Contact No.: |
91-9051345459 |
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Date : |
11.04.2012 |
LOCATIONS
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Registered Office/ factory : |
Gopalpur, |
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Tel. No.: |
91-33-25389191 |
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Mobile No.: |
91-9051345459 (Mr. Vishwajit Chakraborthy) |
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Fax No.: |
91-33-23559202/ 25268998 |
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E-Mail : |
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Website : |
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Area : |
15800 Sq ft |
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Location : |
Rented |
DIRECTORS
As on 15.09.2011
|
Name : |
Mr. Jagannath Basak |
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Designation : |
Director |
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Address : |
156/1, C I |
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Date of Appointment : |
22.06.1993 |
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DIN No.: |
00401710 |
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Name : |
Mrs. Anita Basak |
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Designation : |
Director |
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Address : |
156/1, C I |
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Date of Appointment : |
22.06.1993 |
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DIN No.: |
00401768 |
KEY EXECUTIVES
|
Name : |
Mr. Vishwajit Chakraborthy |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2011
|
Names of Shareholders |
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No. of Shares |
|
Sambhunath Basak |
|
25000 |
|
Jagannath Basak |
|
25000 |
|
Sadana Basak |
|
25000 |
|
Anita Basak |
|
25000 |
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TOTAL |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
As on 15.09.2011
|
Category |
Percentage |
|
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 Quality rotogravure printed and laminated flexible
packaging films. |
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Imports : |
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Products : |
Machinery |
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Countries : |
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Terms : |
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Selling : |
Credit (30 Days) |
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Purchasing : |
Credit (30 Days) (Real time gross settlement) |
GENERAL INFORMATION
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Suppliers: |
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Customers : |
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No. of Employees : |
65 (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 : |
Anupam and Company Chartered Accountant |
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Address : |
35/1-E, |
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PAN.: |
AGGPB1497C |
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Sister Concern: |
Balaram Hasiery, 156/1, |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital: Rs.16.000 Millions
Issued, Subscribed and Paid Up Capital of Rs.11.000 Millions
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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1600000 |
Equity Shares |
Rs.10/- each |
Rs.16.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
Million |
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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 |
|
|
|
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|
1] Share Capital |
1.000 |
1.000 |
1.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
39.336 |
30.540 |
23.769 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
40.336 |
31.540 |
24.769 |
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LOAN FUNDS |
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1] Secured Loans |
20.389 |
13.507 |
10.284 |
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2] Unsecured Loans |
10.185 |
10.624 |
11.601 |
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TOTAL BORROWING |
30.574 |
24.131 |
21.885 |
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DEFERRED TAX LIABILITIES |
1.656 |
1.506 |
1.321 |
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TOTAL |
72.566 |
57.177 |
47.975 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
25.680 |
15.135 |
14.059 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.614 |
0.410 |
0.364 |
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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 |
15.298
|
24.280 |
16.262 |
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Sundry Debtors |
34.425
|
26.599 |
19.996 |
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Cash & Bank Balances |
0.412
|
0.220 |
0.167 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
11.744
|
12.486 |
8.667 |
|
Total
Current Assets |
61.879
|
63.585 |
45.092 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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|
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Sundry Creditors |
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|
2.945 |
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Other Current Liabilities |
5.819
|
11.799 |
1.288 |
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Provisions |
9.788
|
10.154 |
7.307 |
|
Total
Current Liabilities |
15.607
|
21.953 |
11.540 |
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Net Current Assets |
46.272
|
41.632 |
33.552 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
72.566 |
57.177 |
47.975 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Income |
208.030 |
149.744 |
142.069 |
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Other Income |
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TOTAL |
208.030 |
149.744 |
142.069 |
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Less |
EXPENSES |
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Office Expenses |
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|
132.671 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
195.187 |
139.930 |
132.671 |
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PROFIT BEFORE
TAX |
12.843 |
9.814 |
9.398 |
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Less |
TAX |
4.047 |
3.044 |
2.737 |
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PROFIT AFTER TAX |
8.796 |
6.770 |
6.661 |
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Earnings Per
Share (Rs.) |
87.96 |
NA |
NA |
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Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
250.000 |
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Expected Sales (2012-13) : Rs.350.000 Millions
The above information has been parted by Mr. Vishwajit Chakraborthy –
Account Manager
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.23
|
4.52 |
4.69 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
14.67
|
12.47 |
15.89 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.31 |
0.38 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.44
|
1.46 |
1.35 |
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Current Ratio (Current Asset/Current Liability) |
|
3.96
|
2.90 |
3.91 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business• |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
Yes |
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12) Profitability for last three years |
Yes |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
Yes |
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18) Major customers |
Yes |
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19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
FORM 8
|
Corporate identity
number of the company |
U22221WB1993PTC059214 |
|
Name of the
company |
N N PRINT AND
PACK PVT LTD |
|
Address of the
registered office or of the principal place of business in |
Gopalpur, Email: sanjoy_2207@hotmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification (ID) number of the charge to be modified |
10253047 |
|
Type of charge |
|
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Particular of
charge holder |
Union Bank of India, Bhawanipur Branch, 2/3, Justice Dwarka Nath Road,
Kolkata – 70020, West Bengal, India |
|
Nature of
instrument creating charge |
1. Composite
Hypothecation Deed (SD-20) |
|
Date of
instrument Creating the charge |
03.03.2011 |
|
Amount secured by
the charge |
Rs.38.300 Million
|
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest (a)CC(Hyp)Lt
Rs25.000 millions Interest @ BR + 3.50% p.a
(b) Term Loan-I Lt Rs11.500 millions, Interest @ BR+4.25% p.a (c)Term
Loan-II Lt Rs1.800 millions, Interest @ BR + 5.25% p.a. Rate of Interest is
applied on monthly rests. Terms of
Repayment 1. Entire Credit
facilities comprising of (a)CC(Hyp) Lt of Rs2.500 millions are repayable on
demand 2.Credit
facilities comprising of (b)Term Loan-I Lt
of Rs11.500 millions and (c) Term Loan-II
Lt of Rs1.800 millions respectively, are both repayable in 48 monthly
installments together with interest and
other dues and in both cases first such installment to
commence from the month following the month of disbursement. Margin (a)CC(Hyp)Lt
Rs25.000 millions, Margin 25% against Stocks and 40% against Book Debts (b) Term Loan-I Lt Rs11.500 millions,
Margin 25% (c)Term Loan-II
Lt Rs1.800 millions, Margin 25% Extent and
Operation of the charge 1.Hypothecation by
way of first charge created on entire existing and future a) (i)Stocks of
Adhesives,AdhesiveTapes,BOPP Films,Ethyl Acetate,Ink (ii)Plant
and machineries including 8 color
Rotogravure Printers and Laminators
etc and so stored /lying/installed or
to be installed or under process and
so situated at Co's factory premises at Gopalpur, Chandigarh Post:
Ganganagar,Kolkata-700132 or elsewhere or are in course of transit b)Book Debts c)Deposits held
as Margin/ Collateral or otherwise with the Bank Others Inter-alia to
secure the aforesaid credit facilities of Rs38.300 millions, sanctioned
and extended by Union Bank of India,
Bhawanipur Branch to M/s N N Print And Pack (P) limited, the company has
created charge on its assets as mentioned under paragraph 6(a) and (b),13(d)
and 15 hereunder and as per the instrument cited under paragraph
9 above and all other supporting
security documents executed by the company in favour of the Bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Stocks of
Adhesives, Adhesive Tapes,BOPP Films,Ethyl Acetate,Ink etc stored /
lying/under process and so situated at
Co's factory premises at Gopalpur, Plant and Machineries including 8 Color Rotogravure
Printers and Laminators etc installed
or to be installed and so situated at
Co's factory at Gopalpur, Book Debts Deposits held as
Margin / Collateral or otherwise with Union Bank of |
|
Date of
instrument modifying the charge |
03.03.2011 |
|
Particulars of
the present modification |
By this
modification overall charge registered against the company, M/s N N Print And
Pack (P) Limited in favour of Union Bank of India, Bhawanipur Branch stands
modified from earlier Rs36.500 millions to now Rs38.300 millions. |
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.51.41 |
|
|
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.67.66 |
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 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--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.