MIRA
INFORM REPORT
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Report Date : |
07.07.2012 |
IDENTIFICATION DETAILS
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Name : |
MULTIPLY PAPER PACKAGING INDUSTRIES PRIVATE LIMITED |
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Registered Office : |
13-P, Pocket-4, DDA Flats, Mayur Vihar, Phase-III, New Delhi-110096 |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
07.03.1996 |
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Com. Reg. No.: |
55-076851 |
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Capital Investment
/ Paid-up Capital : |
Rs.4.500 millions |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers of Paper Corrugated Boxes and Packing Material. |
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No. of Employees
: |
50 (Approximately) (In Office + In Factory) |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 20000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However trade relations are reported as
fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution. |
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 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Rajiv Sood |
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Designation : |
Director |
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Contact No.: |
91-9891022359 |
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Date : |
02.07.2012 |
LOCATIONS
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Registered Office : |
13-P, Pocket-4, DDA Flats, Mayur Vihar, Phase-III, New Delhi-110096, |
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Tel No.: |
91-120-2580568 |
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Mobile No. : |
91-9891022359 (Mr. Rajiv) |
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Fax No.: |
91-120-2580569 |
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E-Mail : |
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Location : |
Owned |
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Factory 1 : |
A-56, Sector 58, District Gautam Budh Nagar, Noida-201301, |
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Tel. No.: |
91-120-4580569 / 2580568 / 9 |
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Fax No.: |
91-120-2580569 |
DIRECTORS
As on 30.09.2011
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Name : |
Mr. Rajiv Sood |
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Designation : |
Director |
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Address : |
A-119, Sector-21, Jalvayu Vihar, Haraula Makanpur, Guatambudha Nagar -
201301, Uttar Pradesh, India |
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Date of Birth/Age : |
12.03.1966 |
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Date of Appointment : |
07.03.1996 |
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DIN No.: |
01635849 |
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Name : |
Ms. Sharmila Sood |
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Designation : |
Director |
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Address : |
A-119, Sector-21, Jalvayu Vihar, Haraula Makanpur, Guatambudha Nagar -
201301, Uttar Pradesh, India |
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Date of Birth/Age : |
02.11.1971 |
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Date of Appointment : |
07.03.1996 |
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DIN No.: |
01651239 |
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Name : |
Ms. Vijay Sood |
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Designation : |
Director |
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Address : |
A-119, Sector-21, Jalvayu Vihar, Haraula Makanpur, Guatambudha Nagar -
201301, Uttar Pradesh, India |
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Date of Birth/Age : |
01.02.1933 |
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Date of Appointment : |
07.03.1996 |
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DIN No.: |
02389764 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
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Names of Shareholders |
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No. of Shares |
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Jailal Sood |
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97760 |
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Vijay Sood |
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75600 |
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Rajeev Bakshi |
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47510 |
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Sharmila Sood |
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42700 |
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Sunil Sood |
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4000 |
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Satender Gupta |
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4000 |
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Neeta Sood |
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4000 |
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Anil Kumar Sood |
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4000 |
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Nivedita Sood |
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4000 |
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Sathish Kumar Sood |
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4000 |
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Ranjana Sood |
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4000 |
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Meenu Sood |
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4000 |
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Sushil Kumar Sood |
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19000 |
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Kamlesh Sood |
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4000 |
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M C Sood |
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4000 |
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Monoj Chauhan |
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4000 |
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Neena Sithata |
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2000 |
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Pankaj Sharma |
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10000 |
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Mohan Parashar |
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4700 |
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Rajeev Sood |
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2000 |
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Dinesh Tiwari |
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2000 |
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Jawahar Lal |
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2000 |
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Narain Press |
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20000 |
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Dadhipal Singh |
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10000 |
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Mahalalakshmi Packaging |
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10000 |
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5000 |
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Sushila Dhingra |
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5000 |
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Pooja Dhingra |
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5000 |
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Mamta Aggarwal |
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5000 |
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Ashima Packaging |
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5000 |
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Ganpati Packaging Traders |
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5000 |
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Kanav Dikshit |
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10000 |
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Sumitra Devi |
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20000 |
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Sugunan K. P. |
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730 |
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Total |
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450000 |
As on 30.09.2011
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Paper Corrugated Boxes and Packing Material. |
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Products : |
·
Corrugated Boxes ·
Mono Cartons ·
Printed Carton Pallets ·
Stickers ·
Labels ·
Brochures |
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Terms : |
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Purchasing : |
Cash and Credit |
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Selling : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
·
Genus Paper Products Limited |
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Customers : |
Wholesalers and Retailers ·
Hi-Matic Techno Equipment |
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No. of Employees : |
50 (Approximately) (In Office + In Factory) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Deepak Roshan and Associates Chartered Accountants |
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Address : |
401, Krishna Apra, Plaza, Sector 18, Noida-201301, |
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Tel. No.: |
91-95120-4247009 / 3052500 |
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Mobile No.: |
91-9810747900 |
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E-Mail : |
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PAN No.: |
AACFD7821N |
CAPITAL STRUCTURE
AS ON 30.09.201
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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450000 |
Equity Share |
Rs.10/- Each |
Rs.4.500 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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450000 |
Equity Share |
Rs.10/- Each |
Rs.4.500
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
4.500 |
4.500 |
4.500 |
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2] Share Application Money |
0.070 |
0.070 |
0.070 |
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3] Reserves & Surplus |
0.368 |
0.107 |
0.078 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4.938 |
4.677 |
4.648 |
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LOAN FUNDS |
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1] Secured Loans |
3.271 |
2.826 |
3.351 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
3.271 |
2.826 |
3.351 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
8.209 |
7.503 |
7.999 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
5.666 |
4.677 |
5.409 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.075 |
0.099 |
0.048 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1.085
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1.113
|
2.198
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Sundry Debtors |
9.833
|
6.835
|
3.062
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Cash & Bank Balances |
0.107
|
0.028
|
0.126
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Other Current Assets |
1.750
|
1.451
|
1.359
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Loans & Advances |
0.488
|
0.000
|
0.000
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Total
Current Assets |
13.263
|
9.427
|
6.745
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
9.884
|
6.102
|
3.420
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Other Current Liabilities |
0.670
|
0.149
|
0.922
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Provisions |
0.241
|
0.565
|
0.000
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Total
Current Liabilities |
10.795
|
6.816
|
4.342
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Net Current Assets |
2.468
|
2.611
|
2.403
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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Deferred Lease Rent |
0.000 |
0.116 |
0.139 |
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TOTAL |
8.209 |
7.503 |
7.999 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
NA |
17.870 |
15.818 |
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Other Income |
|
1.260 |
0.157 |
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TOTAL |
NA |
19.130 |
15.975 |
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Less |
EXPENSES |
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Office Expenses |
NA |
|
16.133 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
NA |
19.099 |
16.133 |
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PROFIT BEFORE
TAX |
0.353 |
0.031 |
(0.158) |
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Less |
TAX |
0.092 |
0.003 |
NA |
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PROFIT AFTER TAX
|
0.261 |
0.029 |
NA |
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Earnings Per
Share (Rs.) |
0.58 |
0.06 |
(0.45) |
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Particulars |
|
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
|
37.500 |
40.000 |
Expected Sales (2012-2013) : Rs.40.000 Millions
The above information has been parted by Mr. Rajiv Sood.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA |
0.15 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
NA |
0.17 |
(0.99) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.86 |
0.22 |
(1.30) |
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Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.01 |
(0.03) |
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Debt Equity Ratio (Total Liability/Networth) |
|
2.85 |
2.06 |
1.66 |
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Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.38 |
1.55 |
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 |
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4) Premises details |
No |
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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 |
No |
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17) Major suppliers |
Yes |
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18) Major customers |
Yes |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
Yes |
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30) Major Shareholders, if available |
Yes |
BUSINESS
OPERATIONS
The company has closed its books for the year 2010-11 with a profit of
Rs.0.261 Millions as compared to the profit of Rs.0.029 Millions for the year
2009.10.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U21014DL1996PTC076851 |
|
Name of the company |
MULTIPLY PAPER PACKAGING INDUSTRIES
PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
13-P, Pocket-4,
DDA Flats, Mayur Vihar, Phase-III, New Delhi-110096, India E-mail : www.multiply@mail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Others (Stocks) |
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Particular of charge holder |
Indian Overseas Bank, Institutional Area,
Sector-62, Noida – 201301, Uttar
Pradesh, India E-mail Id : cs.aggarwalsweety@gmail.com |
|
Nature of instrument creating charge |
Cash Credit has been enhanced from
Rs.2.000 Millions to Rs.4.000 Millions Term Loan of Rs. 1.350 millions has been
received Total Amount – Rs.5.350 Millions |
|
Date of instrument Creating the charge |
03.12.2011 |
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Amount secured by the charge |
Rs.5.350 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate
of interest Base Rate + 3.00% Presently 10.75%=13.75% Terms
of repayment As Per Agreement Enclosed Margin Stocks – 25% Book Debts – 50% Extent
and operation of the charge As Per Agreement Enclosed |
|
Short particulars of the property charged
(Including location of the property) |
Prime Security: Equitable Mortgage of
Building situated at A-56, Sector-58, Noida owned by M/s Multiply Paper packaging
Industries Private Limited and valued at Rs.25.800 Millions (Forced sale
value as per valuation M/s Sahu and Associates) Collaterally Secured by Stocks and all
other assets of the Firm Personally Guaranteed by all directors of
the company. |
|
Particulars of
the present modification |
Cash Credit has been enhanced from
Rs.2.000 Millions to Rs.4.000 Millions Term Loan of Rs. 1.350 millions has been
received Total Amount – Rs.5.350 Millions |
TRADE REFERENCES
· Hi-Matic Techno Equipment
· Genus Paper Products Limited
FIXED ASSETS
- Land
- Air Conditioner
- Car
- Plant and Machinery
- Computer
- Office Equipments
- Electrical Equipments and Fittings
- Furniture and Fittings
- Generator
- C V Tata 407
AS PER WEBSITE DETAILS
PROFILE
Subject was incorporated in the year 1995 as a
manufacturer of high quality and durable Corrugated Boxes. They are pleased to
introduce theirselves as the most recognized manufacturer and exporter of all
variety and style of Corrugated Boxes, Mono Cartons and Sheet etc.
PRODUCT RANGE AND THEIR QUALITY
They offer a wide array of Corrugated Boxes, Mono Cartons and Paper Carry Bags in different
sizes and shapes as required. Apart from durably engineered Corrugated Boxes and Cartons, they
also manufacture Stickers, Labels, Tags, Brochures and Danglers. They
assure you that their packaging components would surely enhance the sale of the
products by making them of high standard for the consumer, providing
information about their features and benefits. They deal into cost-effective
packaging materials, which are also easy to stock and inventory.
INFRASTRUCTURE
Their in-house designing facility equipped with well-maintained and sophisticated
machines and equipments have made it possible to serve their clients with
quality Boxes. They have a team
of experienced and skilled members who excel in giving quality products to
their global customers. In order to maintain the quality of the products, they
have some of the most up-to-date machinery in their production unit. Moreover,
their R and D people engage themselves by improving the quality of their
existing products and giving a new look to the fresh stock with accordance to
market trends. They also strive to accommodate any particular request a
customer may have and try to satisfy their needs by manufacturing customised
products.
The company has established a good track record with their
major clients, which include GAP
International (USA), CAS Weighing India, Jindal Stainless Limited, Jhalani
Impex (Hand Tool Manufacturer and Exporters), Tryshorea
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.55.42 |
|
|
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
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.