|
Report Date : |
01.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
ORIENTAL CONTAINERS LIMITED (w.e.f. 17.05.2006) |
|
|
|
|
Formerly Known
As : |
ORICON PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Parijat House, 1076, Dr. E. Moses Road, P. B. 6584, Worli , Mumbai –
400018, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
13.02.2006 |
|
|
|
|
Com. Reg. No.: |
11-159687 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.108.208 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28992MH2006PLC159687 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO04068B / MUMO03131C / BLRO00968C / BLRO00686A / BLRO00969D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO8122G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Packaging Products. |
|
|
|
|
No. of Employees
: |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track latest
financial i.e. 2011-12 are missing from the government department from the
available financials. The company seems to be performing well. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB + (Letter of Credit) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
|
Date |
14.05.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office / Head Office : |
Parijat House, 1076, Dr. E. Moses Road, P. B. 6584, Worli , Mumbai –
400018, Maharashtra, India |
|
Tel. No.: |
91-22-24964656/ 60/ 24925581/ 82/ 24954484 |
|
Fax No.: |
91-22-24963055/ 24950314 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Plot No. 327 - 332, Kundiam Industrial Estate, Kundiam, Goa – 403115,
India |
|
|
|
|
Factory 2 : |
A-1, MIDC, Industrial Area, Murbad, District - Thane, Maharashtra,
India |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Richard Foyston |
|
Designation : |
Director |
|
Address : |
1st Floor, Menare Prudential JalanSultan Ismail |
|
Date of Birth/Age : |
14.01.1958 |
|
Date of Appointment : |
27.09.2006 |
|
DIN No.: |
01089445 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U55204MH2002PTC134439 |
SKYGOURMET
CATERING PRIVATE LIMITED |
Director |
10/09/2004 |
10/09/2004 |
13/03/2009 |
Active |
NO |
|
2 |
U15137DL1941PTC000598 |
NIRULA AND CO
PRIVATE LIMITED |
Director |
26/09/2006 |
26/09/2006 |
- |
Amalgamated |
NO |
|
3 |
U28992MH2006PLC159687 |
ORIENTAL
CONTAINERS LIMITED |
Director |
27/09/2006 |
27/09/2006 |
- |
Active |
NO |
|
4 |
U74140MH2007PTC235059 |
NAVIS CAPITAL
(INDIA) PRIVATE LIMITED |
Director |
22/03/2007 |
22/03/2007 |
- |
Active |
NO |
|
5 |
U55101MH2006PTC165786 |
GORDON HOUSE
AIRPORT HOTELS PRIVATE LIMITED |
Director |
21/08/2007 |
21/08/2007 |
- |
Active |
NO |
|
Name : |
Mr. Bruno Seghin |
|
Designation : |
Director |
|
Address : |
Apt A 1, |
|
Date of Birth/Age : |
07.05.1957 |
|
Date of Appointment : |
27.09.2006 |
|
DIN No.: |
00740866 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U55204MH2002PTC134439 |
SKYGOURMET CATERING
PRIVATE LIMITED |
Director |
10/09/2004 |
10/09/2004 |
13/03/2009 |
Active |
NO |
|
2 |
U55101DL2006PTC148828 |
NAVIGATE
RESTAURANT BRANDS (INDIA)PRIVATE LIMITED |
Director |
23/05/2006 |
23/05/2006 |
01/06/2011 |
Active |
NO |
|
3 |
U55101DL1974PTC007297 |
NIRULAS CORNER
HOUSE PRIVATE LIMITED |
Director |
26/09/2006 |
01/07/2006 |
01/04/2009 |
Active |
NO |
|
4 |
U21020MH2006PTC159987 |
CLOTEX LABELS
(INDIA) PRIVATE LIMITED |
Director |
03/07/2006 |
03/07/2006 |
25/04/2012 |
Active |
NO |
|
5 |
U28992MH2006PLC159687 |
ORIENTAL
CONTAINERS LIMITED |
Director |
27/09/2006 |
27/09/2006 |
- |
Active |
NO |
|
6 |
U55101MH2006PTC165786 |
GORDON HOUSE
AIRPORT HOTELS PRIVATE LIMITED |
Director |
21/08/2007 |
21/08/2007 |
- |
Active |
NO |
|
7 |
U74140MH2007PTC235059 |
NAVIS CAPITAL
(INDIA) PRIVATE LIMITED |
Director |
21/11/2007 |
21/11/2007 |
- |
Active |
NO |
|
8 |
L23201MH1983PLC030372 |
SAH PETROLEUMS
LIMITED |
Additional
director |
02/02/2009 |
02/02/2009 |
- |
Active |
NO |
|
9 |
U74999MH1987PTC044849 |
CLASSIC STRIPES
PRIVATE LIMITED |
Director |
05/04/2011 |
29/03/2011 |
- |
Active |
NO |
|
Name : |
Mr. Rajendra Somani |
|
Designation : |
Managing Director |
|
Address : |
Sreeninetan 5th Floor, 86-A, |
|
Date of Birth/Age : |
18.02.1948 |
|
Date of Appointment : |
13.02.2006 |
|
PAN No.: |
AACPS9645M |
|
DIN No.: |
00332465 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U55100MH1971PLC015348 |
HOTEL EMPIRE
LIMITED |
Director |
02/02/1972 |
02/02/1972 |
- |
Active |
NO |
|
2 |
U51900MH1942PTC038009 |
GUJRAT TEXTILE
COMPANY PRIVATE LIMITED |
Director |
24/05/1972 |
24/05/1972 |
27/10/2009 |
Active |
NO |
|
3 |
L51100MH1980PLC022315 |
SVARAJ TRADING
AND AGENCIES LIMITED |
Director |
07/03/1980 |
07/03/1980 |
09/11/2011 |
Active |
NO |
|
4 |
U22120MH1972PLC015890 |
DEBONAIR
PUBLICATIONS LIMITED |
Director |
01/04/1981 |
01/04/1981 |
- |
Active |
NO |
|
5 |
U31100MH1970PTC014385 |
ADVANCE
TRANSFORMERS AND EQUIPMENTS PRIVATE LIMITED |
Director |
28/09/1981 |
28/09/1981 |
03/12/2007 |
Active |
NO |
|
6 |
L24110MH1983PLC029381 |
SAMPADA
CHEMICALS LIMITED |
Director |
11/02/1984 |
11/02/1984 |
24/05/2008 |
Active |
NO |
|
7 |
L51100MH1983PLC029600 |
SARVAMANGAL
MARCANTILE COMPANY LIMITED |
Director |
21/03/1985 |
21/03/1985 |
09/11/2011 |
Active |
NO |
|
8 |
U22219MH1920PLC000697 |
G CLARIDGE AND
COMPANY LIMITED |
Director |
01/04/1985 |
01/04/1985 |
07/11/2011 |
Active |
NO |
|
9 |
L51900MH1980PLC022309 |
S V TRADING AND
AGENCIES LIMITED |
Director |
22/09/1986 |
22/09/1986 |
09/11/2011 |
Active |
NO |
|
10 |
U63090MH1991PTC061162 |
PARIJAT SHIPPING
AND FINALE LIMITED |
Director |
10/04/1991 |
10/04/1991 |
09/11/2011 |
Active |
NO |
|
11 |
L28100MH1968PLC014156 |
ORICON
ENTERPRISES LIMITED |
Managing
director |
01/04/2012 |
30/09/1995 |
- |
Active |
NO |
|
12 |
U25206MH1998PLC113694 |
CLARIDGE MOULDED
FIBRE LIMITED |
Director |
06/04/1998 |
06/04/1998 |
07/11/2011 |
Active |
NO |
|
13 |
U35301MH1999PLC122386 |
SHINRAI AUTO
SERVICES LIMITED |
Director |
26/10/1999 |
26/10/1999 |
- |
Active |
NO |
|
14 |
U70100MH1972PLC015914 |
SHREE MADHU
INDUSTRIAL ESTATES LIMITED |
Director |
29/12/2004 |
29/12/2004 |
- |
Active |
NO |
|
15 |
U28992MH2006PLC159687 |
ORIENTAL
CONTAINERS LIMITED |
Managing director |
01/05/2012 |
13/02/2006 |
- |
Active |
NO |
|
16 |
U60231RJ1946PTC000371 |
THE UNITED
MERCANTILE COMPANY PRIVATE LIMITED |
Director |
05/05/2006 |
05/05/2006 |
- |
Active |
NO |
|
17 |
U74999MH2006PTC165123 |
TOP SEALS INDIA
PRIVATE LIMITED |
Director |
12/10/2006 |
12/10/2006 |
20/12/2010 |
Active |
NO |
|
18 |
L27203KL1946PLC000057 |
ALUMINIUM
INDUSTRIES LIMITED |
Director |
10/02/2007 |
10/02/2007 |
29/12/2010 |
Active |
NO |
|
Name : |
Mr. Balkishan Udairam Toshniwal |
|
Designation : |
Whole Time Director |
|
Address : |
G -5, Satyanaryan Bhavan, Dr. R G Thadani Marg, Worli, Mumbai –
400018, Maharashtra, India |
|
Date of Birth : |
22.01.1951 |
|
Date of Appointment : |
13.02.2006 |
|
PAN No.: |
AABPT4902D |
|
DIN No.: |
00048019 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP Status |
Defaulting
status |
|
1 |
L51100MH1983PLC029600 |
SARVAMANGAL
MARCANTILE COMPANY LIMITED |
Director |
21/03/1985 |
21/03/1985 |
- |
Active |
NO |
|
2 |
U45200MH1995PTC088722 |
SUYASH HOLDING
AND ESTATE DEVELOPERS PRIVATE LIMITED |
Director |
15/04/1996 |
15/04/1996 |
- |
Active |
NO |
|
3 |
L28100MH1968PLC014156 |
ORICON
ENTERPRISES LIMITED |
Whole-time
director |
30/10/2006 |
01/03/1997 |
- |
Active |
NO |
|
4 |
U70100MH2002PTC135798 |
KANAIYA
PROPERTIES PRIVATE LIMITED |
Director |
07/05/2002 |
07/05/2002 |
- |
Active |
NO |
|
5 |
U28992MH2006PLC159687 |
ORIENTAL
CONTAINERS LIMITED |
Whole-time
director |
01/04/2012 |
13/02/2006 |
- |
Active |
NO |
|
6 |
U74999MH2006PTC165123 |
TOP SEALS INDIA
PRIVATE LIMITED |
Director |
12/10/2006 |
12/10/2006 |
20/12/2010 |
Active |
NO |
|
Name : |
Mr. Rajendran Ayadurai |
|
Designation : |
Director |
|
Address : |
Apartment B -21-1 Villa, Angsana 56 Jalan Krian off JLN IOPH, |
|
Date of Birth/Age : |
23.09.1961 |
|
Date of Appointment : |
16.01.2008 |
|
DIN No.: |
02032283 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74910MH2005PTC155341 |
AFFILIATES
MANAGEMENT RESOURCES PRIVATE LIMITED |
Director |
12/12/2007 |
12/12/2007 |
11/07/2012 |
Active |
NO |
|
2 |
U67110MH2001PTC133346 |
TALK CONNEXION
(INDIA) PRIVATE LIMITED |
Director |
12/12/2007 |
12/12/2007 |
11/07/2012 |
Active |
NO |
|
3 |
U67190MH2007PTC169620 |
PROSALES
FINANCIAL SERVICES PRIVATE LIMITED |
Director |
12/12/2007 |
12/12/2007 |
11/07/2012 |
Active |
NO |
|
4 |
U72900MH2004PTC150161 |
ANDROMEDA CALL
CENTRE SERVICES PRIVATE LIMITED |
Director |
12/12/2007 |
12/12/2007 |
- |
Active |
NO |
|
5 |
U51900MH1993PTC070252 |
ANDROMEDA BPO
PRIVATE LIMITED |
Director |
12/12/2007 |
12/12/2007 |
- |
Active |
NO |
|
6 |
U28992MH2006PLC159687 |
ORIENTAL
CONTAINERS LIMITED |
Director |
16/01/2008 |
16/01/2008 |
- |
Active |
NO |
|
7 |
U55204MH2002PTC134439 |
SKYGOURMET
CATERING PRIVATE LIMITED |
Alternate
director |
05/02/2008 |
05/02/2008 |
13/03/2009 |
Active |
NO |
|
8 |
U74130MH2011FTC211909 |
ANDROMEDA SALES
AND DISTRIBUTION PRIVATE LIMITED |
Director |
06/01/2011 |
06/01/2011 |
11/07/2012 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Oricon Enterprises Limited, India |
3246186 |
|
Rajendra Somani |
1 |
|
Surendra Somani |
1 |
|
V.N. Khanna |
1 |
|
B.K. Toshniwal |
1 |
|
Sanjay Jain |
1 |
|
B.M. Gaggar |
1 |
|
OC Holdings Limited, Mauritius |
7574644 |
|
TOTAL
|
10820836 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
70.00 |
|
Bodies corporate |
30.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Packaging Products. |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Closures |
In Thousands |
14306000 |
7312920 |
|
Tubes |
In Thousands |
120000 |
56304 |
NOTE
Installed capacity is as certified by the
management and has not been verified by auditors, as it is a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
800 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Punjab National Bank, Siv E Numb, Dr. Annie
Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
KPMG House, Kamala Mills, Compound 448 S B Marg, Lower Parel, Mumbai –
400 014, |
|
PAN No.: |
AAIFB0630K |
|
|
|
|
Holding Company : |
· Oricon Holdings Limited, Mauritius |
|
|
|
|
Parties over which directors exercise significant influence : |
·
Oricon Enterprises Limited (OEL) CIN No.:- L28100MH1968PLC014156 ·
Servamangal Mercantile Company Limited (SMCL) CIN No.:-
L51100MH1983PLC029600 ·
SV Trading and Agencies Limited (SVTAL) CIN No.:-
L51900MH1980PLC022309 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
75000000 |
Preference Shares |
Rs.10/- each |
Rs. 750.000 Millions |
|
|
TOTAL |
|
Rs.
1000.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10820836 |
Equity Shares |
Rs.10/- each |
Rs. 108.208
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 |
108.208 |
68.845 |
438.207 |
|
|
2] Share Application Money |
0.000 |
513.933 |
513.933 |
|
|
3] Reserves & Surplus |
1164.114 |
602.764 |
99.111 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(9.810) |
|
|
NETWORTH |
1272.322 |
1185.542 |
1041.441 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
325.123 |
300.070 |
160.343 |
|
|
2] Unsecured Loans |
178.124 |
177.190 |
162.576 |
|
|
TOTAL BORROWING |
503.247 |
477.260 |
322.919 |
|
|
DEFERRED TAX LIABILITIES |
101.525 |
64.832 |
12.381 |
|
|
|
|
|
|
|
|
TOTAL |
1877.094 |
1727.634 |
1376.741 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1473.336 |
1319.691 |
1089.790 |
|
|
Capital work-in-progress |
129.894 |
45.458 |
0.795 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
542.923
|
389.024
|
250.982
|
|
|
Sundry Debtors |
432.386
|
402.557
|
370.862
|
|
|
Cash & Bank Balances |
38.571
|
85.831
|
15.188
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
197.490
|
148.254
|
112.685
|
|
Total
Current Assets |
1211.370
|
1025.666
|
749.717
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
839.252
|
562.182 |
297.831 |
|
|
Other Current Liabilities |
40.524
|
39.633
|
138.185
|
|
|
Provisions |
57.730
|
61.366
|
27.545
|
|
Total
Current Liabilities |
937.506
|
663.181
|
463.561
|
|
|
Net Current Assets |
273.864
|
362.485
|
286.156
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1877.094 |
1727.634 |
1376.741 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2445.528 |
2094.476 |
1593.732 |
|
|
|
Other Income |
18.507 |
118.687 |
69.180 |
|
|
|
TOTAL (A) |
2464.035 |
2213.163 |
1662.912 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
1575.492 |
1382.237 |
0.000 |
|
|
|
Manufacturing Service Costs |
322.790 |
255.452 |
1064.715 |
|
|
|
Employee related expenses |
170.680 |
142.598 |
110.859 |
|
|
|
Administrative selling other expenses |
84.502 |
80.549 |
306.686 |
|
|
|
TOTAL (B) |
2153.464 |
1860.836 |
1486.478 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
310.571 |
352.327 |
176.434 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
56.800 |
45.891 |
39.863 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
253.771 |
306.436 |
136.571 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
116.897 |
107.187 |
78.305 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
136.874 |
199.249 |
58.266 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
50.092 |
55.149 |
14.515 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
86.782 |
144.100 |
43.751 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
134.290 |
(9.810) |
(53.561) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
221.072 |
134.290 |
(9.810) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
646.832 |
695.781 |
589.720 |
|
|
|
Miscellaneous Income |
0.936 |
1.483 |
4.304 |
|
|
TOTAL EARNINGS |
647.768 |
697.264 |
594.024 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
776.621 |
553.108 |
|
|
|
Stores & Spares |
NA |
65.693 |
37.701 |
|
|
|
Capital Goods |
NA |
224.026 |
225.830 |
|
|
TOTAL IMPORTS |
NA |
1066.340 |
816.639 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.36 |
26.04 |
12.97 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.52
|
6.51 |
2.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.59
|
9.51 |
3.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.09
|
8.50 |
3.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.17 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.13
|
0.96 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29
|
1.55 |
1.62 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
CONTINGENT
LIABILITIES NOT PROVIDED FOR IN RESPECT OF:
a)
Capital commitments Estimated amount of contracts, net
of capital advances of Rs.10.685 millions remaining to be executed on capital
account
b)
Contingent liabilities in respect In respect of
excise and Service tax matters Rs.3.288
c)
Other commitments The Company has an unfulfilled
export commitments aggregating Rs.846.049 millions towards capital goods
installed in the manufacturing facilities in Murbad and Goa for which duty
exemption was availed.
FORM 8
|
Corporate
identity number of the company |
U28992MH2006PLC159687 |
|
Name of the
company |
ORIENTAL
CONTAINERS LIMITED |
|
Address of
the registered office or of the principal place of business in |
1076, Dr.
E. Moses Road, Worli, Mumbai-400018, Maharashtra, India E-Mail Id: sanjayjain@ocl-india.com |
|
This form
is for |
Creation of
charge |
|
Type of
charge |
Others-Vehicle
(Hypothecated Vehicle) |
|
Particular
of charge holder |
Punjab
National Bank, Shiv E Numb,
Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India E-Mail Id: shreechandkhaturia@pnb.co.in |
|
Nature of
instrument creating charge |
Letter of
Hypothecation (For Car Loan) |
|
Date of
instrument Creating the charge |
20.10.2011 |
|
Amount
secured by the charge |
Rs.0.700
millions |
|
Brief of
the principal terms and conditions and extent and operation of the charge |
a) Rate of Interest Base Rate +2.00% - 1.50 % presently
11.25% per annum with monthly rests and as per sanctioned letter b) Terms of Repayment The amount of loan
together with interest will be paid in 35 EMI of Rs. 23555/- commencing from
November, 2011 c) Margin To the extent of hypothecated
vehicle i.e. car Maruti Sx4 Zxi Automatic d) Extent and operation of the charge Rs.0.700 Millions Letter
of hypothecation for Car Loan i.e. car Maruti Sx4 Zxi Automatic e) Other Nil |
|
Short
Particulars of the property charged |
i)
Hypothecated
Vehicle i.e. Car Maruti Sx4 Zxi Automatic ii) The vehicle shall be used for personal use
and will not be sold, given on lease or on hire or otherwise parted with the
possession or encumbered in any way till the repayment of loan. |
FIXED ASSETS
·
License Fee
·
Goodwill
·
Leasehold Land
·
Factory Buildings
·
Residential Flats
·
Plant and Machinery
·
Electric Installations
·
Office Equipments
·
Computer
·
Furniture and Fixtures
·
Vehicles
·
Fire Fighting Equipments
·
Laboratory Equipments
·
Weighing Machines
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. 54.57 |
|
|
1 |
Rs. 87.48 |
|
Euro |
1 |
Rs. 70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
|
46 |
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.