MIRA
INFORM REPORT
|
Report Date : |
16.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
3D TECHNOPACK LIMITED (w.e.f. 30.05.2005 ) |
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|
|
|
Formerly Known
As : |
VORA CORK INDUSTRIES PRIVATE LIMITED VORA PACKAGING LIMITED VORA PACKAGING PRIVATE LIMITED |
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Registered
Office : |
467/A, Vora Bhavan, 2nd Floor, Opposite Maheswari Udyan,
Dr. B. Ambedkar Road, King Circle, Mumbai – 400 019, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of Incorporation
: |
05.09.1986 |
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|
|
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Com. Reg. No.: |
11-040844 |
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Capital
Investment / Paid-up Capital : |
Rs.323.174
Millions |
|
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|
|
CIN No.: [Company Identification
No.] |
U29100MH1986PLC040844 |
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|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMV09679F |
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PAN No.: [Permanent Account No.] |
AAACV0142R |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Seamless Plastic Tubes. |
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|
|
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No. of Employees
: |
450 (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 1400000 |
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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. The profitability of the company appears to
be under severe pressure. There appears to be huge accumulated losses
recorded by the company. 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 caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Ashar |
|
Designation : |
Vice President |
|
Contact No.: |
91-9820775853 |
|
Date : |
14.07.2012 |
LOCATIONS
|
Registered Office/Sales Administration Office : |
467/A, Vora Bhavan, 2nd Floor, Opposite Maheswari Udyan,
Dr. B. Ambedkar Road, King Circle, Mumbai – 400 019, Maharashtra, India |
|
Tel. No.: |
91-22-65811091-3/ 24012239 / 24021499 |
|
Mobile No.: |
91-9820775853 (Mr. Mr. Ashar ) |
|
Fax No.: |
91-22-24035257 |
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E-Mail : |
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|
Website : |
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Location : |
Owned |
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|
|
|
Factory : |
2449/6, Masat Industrial Estate, Masat, |
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Tel. No.: |
91-260-2640062/ 2640191 |
|
Fax No.: |
91-260-2640191 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Bharat Bhagwandas Kewalramani |
|
Designation : |
Managing Director |
|
Address : |
252-A, |
|
Date of Birth/Age : |
26.03.1959 |
|
Qualification: |
M.B.A( |
|
Date of Appointment : |
27.02.2008 |
|
DIN No : |
00772687 |
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|
|
|
Name : |
Mr. Manoj Tarachand Mohanka |
|
Designation : |
Director |
|
Address : |
5, |
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Date of Birth/Age : |
05.03.1963 |
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Qualification: |
BCOM(HONS) Master Of Science(strategic Marketing) |
|
Date of Appointment : |
31.03.2003 |
|
DIN No : |
00128593 |
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|
|
|
Name : |
Mrs. Dipika Roy |
|
Designation : |
Director |
|
Address : |
252, Maker Tower A, Cuffe Parade, Mumbai – 400 005, |
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Date of Birth/Age : |
14.01.1961 |
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Qualification: |
M.A. |
|
Date of Appointment : |
31.03.2003 |
|
DIN No : |
00323761 |
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|
|
|
Name : |
Mr. Ram Prakash Kewalramani |
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Designation : |
Whole Time Director |
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Address : |
3rd Floor, |
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Date of Birth/Age : |
18.01.1982 |
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Qualification: |
B.A. |
|
Date of Appointment : |
01.04.2005 |
|
DIN No : |
00575917 |
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|
|
|
Name : |
Mr. Cyrus Adi Bagwadia |
|
Designation : |
Director |
|
Address : |
A – 10, Rustom Baug, Byculla, Mumbai – 400 027, |
|
Date of Birth/Age : |
24.01.1947 |
|
Qualification: |
B.Tech in Polymers,MBA |
|
Date of Appointment : |
10.11.2008 |
|
DIN No : |
01565989 |
KEY EXECUTIVES
|
Name : |
Mr. Ashar |
|
Designation : |
Vice President |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Siddharth Sinha |
|
255000 |
|
Virtual Machine Limited, |
|
18643246 |
|
Bharat Kewalramani (Nominee on behalf of Virtual Machine Limited) |
|
1 |
|
Pankaj Vora (Nominee on behalf of Virtual Machine Limited) |
|
1 |
|
Ram Prakash Kewalramani (Nominee on behalf of Virtual Machine Limited) |
|
1 |
|
Dipika Roy (Nominee on behalf of Virtual Machine Limited) |
|
1 |
|
Manoj Mohanka (Nominee on behalf of Virtual Machine Limited) |
|
1 |
|
Payal Mohanka |
|
476207 |
|
Rakesh Jhunjhunwala |
|
13334521 |
|
Eliza Hancock |
|
245788 |
|
Mrunal Mohanka |
|
237843 |
|
Alok Chandra Mishra |
|
242267 |
|
Adil and Makduda Zainulbhai |
|
132135 |
|
Anuradha Tondon |
|
52854 |
|
Sunil Pophale |
|
150137 |
|
Adil Siraj Zainulbhai |
|
708262 |
|
Azeem Adil Zainulabhai |
|
10570 |
|
Manish Gupta |
|
123333 |
|
Utpal Sheth |
|
132135 |
|
MBCV Holdings Limited, |
|
783573 |
|
F.A. Hancock |
|
148202 |
|
Abhigram Shares and Securities Private Limited, |
|
18002 |
|
Rajendra Tibrewala |
|
116519 |
|
Max Burger, |
|
23705 |
|
Sandeep Singhal |
|
23788 |
|
Manile Limited, |
|
860823 |
|
Total |
|
36718915 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
57.08 |
|
Bodies
corporate |
|
0.05 |
|
Directors
or relatives of directors |
|
1.95 |
|
Others
|
|
40.92 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Seamless Plastic Tubes. |
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Products : |
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Terms : |
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Selling : |
Cash/Credit |
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Purchasing : |
Cash/Credit |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Installed
Capacity @ In
‘000 |
Production In
‘000 |
|
Seamless Plastic Tubes |
80000 |
63159 |
|
|
|
|
@ As certified by a Director and relied upon by the Auditors, this being
a technical matter.
GENERAL INFORMATION
|
Customers : |
Wholesales, Retailers
International:
·
Oriflamme ·
Super Drug ·
VIP ·
Acteams ·
BCM ·
Home Institute ·
Jarden De ·
V G Emballege ·
La Parle ·
Benefit ·
The Unilever Group Local : ·
Hindustan Unilever Limited ·
L’oreal Limited ·
Sara Lee Limited ·
Marico Limited ·
ITC Limited ·
Sami Labs Limited ·
E.Merck ·
Win Medicare ·
Cipla Limited ·
Wockhardt Limited ·
Sami lbs Limited ·
Pidilite Industries Limited ·
Esdee Paints Limited ·
Asain Paints |
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No. of Employees : |
450 (Approximately) |
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Bankers : |
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Facilities : |
Notes: (A) Secured Against Specific Assets Supplied (B) Secured against specific assets supplied |
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Banking
Relations : |
-- |
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Auditor 1 : |
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|
Name : |
Contractor, Nayak and Kishnadwala Chartered Accountant |
|
Address : |
1-B, 1st Floor, Pushpam, |
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Tel. No.: |
91-22-26286909/ 26284083/ 65159339 |
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Fax No.: |
91-22-26286747 |
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PAN No.: |
AACFC8587E |
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Holding Company : |
Virtual Machine Limited, |
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Fellow Subsidiaries : |
3D Packaging F.Z.E. Saif Zone Sharjah (Wholly owned subsidiary of the
company) |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
38000000 |
Equity Shares |
Rs.10/- each |
Rs.380.000 Millions |
|
|
|
|
|
Issued & Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
36718915 |
Equity Shares |
Rs.10/- each |
Rs.367.189
Millions |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
36718915 |
Equity Shares |
Rs.10/- each |
Rs.367.042
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
38000000 |
Equity Shares |
Rs.10/- each |
Rs.380.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
32332099 |
Equity Shares |
Rs.10/- each |
Rs.323.321
Millions |
|
|
Less: Calls in Arrears
|
|
Rs.0.147
Million |
|
|
Total |
|
Rs.323.174 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 |
323.174 |
273.685 |
256.490 |
|
|
2] Share Application Money |
40.000 |
68.000 |
4.043 |
|
|
3] Reserves & Surplus |
344.930 |
301.230 |
286.420 |
|
|
4] (Accumulated Losses) |
(354.262) |
(290.463) |
(258.158) |
|
|
NETWORTH |
353.842 |
352.452 |
288.795 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
302.409 |
126.476 |
9.488 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
2.366 |
|
|
TOTAL BORROWING |
302.409 |
126.476 |
11.854 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
656.251 |
478.928 |
300.649 |
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
425.442 |
283.709 |
215.821 |
|
|
Capital work-in-progress |
128.962 |
55.950 |
10.072 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.026 |
0.025 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
64.108
|
41.775
|
35.506
|
|
|
Sundry Debtors |
91.152
|
92.259
|
60.006
|
|
|
Cash & Bank Balances |
7.596
|
54.820
|
7.519
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
27.954
|
12.848
|
15.061
|
|
Total
Current Assets |
190.810
|
201.702
|
118.092 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
67.269 |
43.148 |
31.933 |
|
|
Other Current Liabilities |
11.434
|
8.604
|
3.446
|
|
|
Provisions |
10.286
|
10.706
|
7.957
|
|
Total
Current Liabilities |
88.989
|
62.458
|
43.336 |
|
|
Net Current Assets |
101.821
|
139.244
|
74.756
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
656.251 |
478.928 |
300.649 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
509.546 |
311.282 |
194.646 |
|
|
|
Other Income |
7.508 |
9.481 |
3.841 |
|
|
|
TOTAL (A) |
517.054 |
320.763 |
198.487 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
317.377 |
192.439 |
|
|
|
|
Manufacturing Service Costs |
57.921 |
42.754 |
|
|
|
|
Employee Related Expenses |
70.829 |
46.708 |
|
|
|
|
Administrative Selling Other Expenses |
26.199 |
20.256 |
|
|
|
|
TOTAL (B) |
472.326 |
302.157 |
205.786 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
44.728 |
18.606 |
(7.299) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
30.769 |
(0.233) |
2.829 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
13.959 |
18.839 |
(10.128) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
77.758 |
51.144 |
40.564 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(63.799) |
(32.305) |
(50.692) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.550 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(63.799) |
(32.305) |
(51.242) |
|
|
|
|
|
|
|
|
|
|
EXCESS / SHORT
PROVISION FOR TAX |
0.00 |
0.000 |
0.024 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(290.463) |
(258.158) |
(206.940) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(354.262) |
(290.463) |
(258.158) |
|
|
|
|
|
|
|
|
|
|
F.O.B. VALUE
EXPORT |
58.001 |
44.262 |
45.265 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
53.339 |
31.965 |
23.405 |
|
|
|
Capital Goods |
129.764 |
74.449 |
57.156 |
|
|
|
Consumable Store & Spares |
13.720 |
4.093 |
2.387 |
|
|
TOTAL IMPORTS |
196.823 |
110.507 |
82.948 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(2.07) |
(1.23) |
(2.17) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(12.34)
|
(10.07)
|
(25.82)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(12.52)
|
(10.39)
|
(26.04)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(10.35)
|
(6.65)
|
(15.11)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.18)
|
(0.09)
|
(0.18)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.11
|
0.54
|
0.19
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.14
|
3.23
|
2.76
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 |
No |
|
15) Capital in
the business |
Yes |
|
16) Details of
sister concerns |
Yes |
|
17) Major
suppliers |
No |
|
18) Major customers |
Yes |
|
19) Payments
terms |
Yes |
|
20) Export /
Import details (if applicable) |
No |
|
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 |
Details of Sundry
Creditors:
Rs.
in Millions
|
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Creditors due small micro enterprises |
0.000 |
0.000 |
28.635 |
|
Creditors due others |
67.269 |
43.148 |
3.298 |
|
Total |
67.269 |
43.148 |
31.933 |
OPERATIONS:
The Company has performed satisfactory during the year. In a highly
competitive business environment, the Company achieved higher turnover of Rs.
553.394 Millions in respect of 332.452 Millions from previous year. The management
is in the process of minimizing the losses and expenditure of the company.
SHARE CAPITAL:
a) Authorised Share Capital
The Authorized
Share Capital of the Company was increased during the year from Rs. 330.000
Millions- to Rs. 380.000 Millions in the EGM held on 07th February 2011.
b) Paid up capital
The Paid up
Capital of the Company was increased by way of preferential allotment twice
during the year. It was increased from Rs. 273.831 Millions to Rs.323.321
Millions during the year.
Contingent
Liability in respect of:
|
Particulars |
31.03.2011 (Rs.
in millions) |
|
a) Estimated amount of contracts to be Executed in capital account and
provided Advance paid there against |
102.104 |
|
b) Guarantee issued on behalf of company |
86.533 |
|
c) Claims not acknowledged as debts |
2.625 |
|
d) Customs Duty Payable on import of machinery pending fulfillment of
export obligation |
132.782 |
FORM 8
|
Corporate
identity number of the company |
U29100MH1986PLC040844 |
|
Name of the
company |
3D TECHNOPACK LIMITED |
|
Address of the
registered office or of the principal place of business in |
467/A, Vora Bhavan, 2nd Floor, Opposite Maheswari Udyan,
Dr. B. Ambedkar Road, King Circle, Mumbai – 400 019, Maharashtra, India E-Mail: vijay.rangle@3dpackaging.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable Property (not being pledge) |
|
Particular of
charge holder |
The Saraswat Co-operative Bank Limited, Matunga (East)
Branch, E-Mail: njbhatia@rediffmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
Hypothecation of Movable Property |
|
Date of
instrument Creating the charge |
16.12.2011 |
|
Amount secured by
the charge |
Rs.35.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: PLR+ 1% p.a.
i.e.15.5% or at such rate as may be determined by the bank from time to time Terms of
Repayment: 60 months Margin: 30% Extent and Operation
of the charge: This is term loan
II facility |
|
Short particulars
of the property charged |
Hypothecation of
all the plant and machinery, tangible movable property (both present and
future)belonging to the borrower and lying and being at the borrowers place
of business at 467A, Vora Bhuvan, R.No34, 2nd Floor, Matunga,
Mumbai 19 or Survey No.449/6, 449/5, 449/5/2 ,449/3, 554/4 Masat Industrial
Estate Masat Village Amli 272/2/1 Athal Village Union Territory of Dadra and
Nagar Haveli Silvassa Survey No.66/1 Danudyog Shakari Sangh or wherever else
the same maybe. |
FIXED ASSETS:
- Buildings
- Leasehold Improvement
- Air Conditioning System
- Plant and Machinery
- Moulds, Tools and Dies
- Generator Set
- Electric Installations
- Equipment
- Computers
- Furniture
- Vehicle
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.55.66 |
|
|
1 |
Rs.85.89 |
|
Euro |
1 |
Rs.67.87 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.