1. Summary Information
|
|
|
Country |
|
|
Company Name |
SHAH POLYMERS |
Principal Name 1 |
Mr. Deepak Shah |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Shashikanth Shah |
|
|
|
Registration # |
-- |
|
Street Address |
No. 44/1, 3rd Floor, 8th Cross, Behind Punjab
National Bank, New BEL Road, MSR Nagar, Bangalore – 560 054, Karnataka, India
|
||
|
Established Date |
1985 |
SIC Code |
-- |
|
Telephone# |
91-80-40063000 /15/ 45 |
Business Style 1 |
Trader |
|
Fax # |
91-80-23603905 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Engineering Plastics Granules |
|
|
# of employees |
40 (Approximately) |
Product Name 2 |
Polycarbonate Sheets |
|
Capital Investment |
Rs.150,000,000/- |
Product Name 3 |
Vinyl Banners |
|
Shareholders |
-- |
Banking |
Standard Chartered Bank |
|
Public Limited Corp. |
No |
Business Period |
27 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister Concerns |
India
|
Tuflite Polymers Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
NA |
Current Liabilities |
NA |
|
Inventories |
NA |
Long-term Liabilities |
NA |
|
Fixed Assets |
NA |
Other Liabilities |
NA |
|
Deferred Assets |
NA |
Total Liabilities |
NA |
|
Invest& other Assets |
NA |
Retained Earnings |
NA |
|
|
|
Net Worth |
NA |
|
Total Assets |
NA |
Total Liab. & Equity |
NA |
|
Total Assets (Previous Year) |
NA |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
820,000,000 |
Net Profit |
NA |
|
Sales(Previous yr) |
860,000,000 |
Net Profit(Prev.yr) |
NA |
|
Report Date : |
20.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHAH POLYMERS |
|
|
|
|
Registered
Office : |
No. 44/1, 3rd Floor, 8th Cross, Behind Punjab National
Bank, New BEL Road, MSR Nagar, Bangalore – 560 054, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of
Establishment : |
1985 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.150.000 Millions |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS15790F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFFS4437A |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Trader and Importer of Engineering Plastics Granules |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The concern 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Ramu |
|
Designation : |
Accountant |
|
Contact No.: |
91-9448505748 |
|
Date : |
19.07.2012 |
LOCATIONS
|
Registered Office / Head Office: |
No. 44/1, 3rd Floor, 8th Cross, Behind Punjab
National Bank, New BEL Road, MSR Nagar, Bangalore – 560 054, Karnataka, India |
|
Tel. No.: |
91-80-40063000 /15/ 45 |
|
Mobile No.: |
91-9448505748 (Mr. Ramu) |
|
Fax No.: |
91-80-23603905 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office 1 : |
No.3/1, |
|
Tel. No.: |
91-44-22641973/ 22641103 |
|
Fax. No.: |
91-44-22641103 |
|
E-Mail: |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Branch Office 2 : |
No.1, Vivek Industrial Estate, |
|
Tel. No.: |
91-22-39461154 |
|
Fax. No.: |
91-22-39461154 |
|
E-Mail: |
|
|
Area : |
4000 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Branch Office 3 : |
No.14, A/7 WEA |
|
Tel No.: |
91-11-25862119 |
|
Area : |
2000 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Branch Office 4 : |
B-148, First Floor, Akurli Industrial Estate Akurli Road, Kandivali (East), Mumbai – 400 101, Maharashtra, India |
|
Tel. No.: |
91-22-40063351-54 |
|
Fax No.: |
91-22-40063353 |
|
E-Mail : |
|
|
|
|
|
Branch Office 5 : |
Plot No. 22, Anand Industrial Complex, Opposite Yamuna
Mill, |
|
Tel. No.: |
91-79-22771640-41 |
|
E-Mail : |
|
|
|
|
|
Warehouse 1 : |
ACC Industrial Shed, No.21/3, 4th Main, 1st
Cross, Yeshwanthpur, |
|
Tel. No.: |
91-80-40063000 |
|
Fax No. : |
91-80-23603905 |
|
Area : |
5000 sq. ft. |
|
|
|
|
Warehouse 2 : |
Plot No.209, 210, and 211, Corner of 5th Main and
10th Cross, III Phase, Malur Industrial Area, Malur Taluk, Kolar. |
|
Tel. No.: |
91-44-22641973 |
|
Fax No.: |
91-44-22641103 |
|
E-Mail : |
PARTNERS
|
Name : |
Mr. Deepak Shah |
|
Designation : |
Partner |
|
Address : |
|
|
Date of Birth/Age : |
04.09.1966 |
|
Qualification : |
B.Com |
|
|
|
|
Name : |
Mr. Shashikanth Shah |
|
Designation : |
Partner |
|
Address : |
1st Block, |
|
Date of Birth/Age : |
03.11.1941 |
|
|
|
|
Name : |
Mrs. Indira Shah |
|
Designation : |
Partner |
|
Address : |
RMV 2nd Stage, |
|
Date of Birth/Age : |
01.12.1945 |
|
|
|
|
Name : |
Mrs. Divya Shah |
|
Designation : |
Partner |
|
Address : |
|
|
Date of Birth/Age : |
02.08.1967 |
|
Qualification: |
Graduate |
KEY EXECUTIVES
|
Name : |
Mr. Ramu |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Engineering Plastics Granules |
|
|
|
|
Products : |
· Engineering Plastics · Styrenics · Commodity Plastics · Additives · Alloys, Blends and Compounds |
|
|
|
|
Imports : |
|
|
Products : |
Engineering Plastics Granules |
|
Countries : |
·
Korea ·
Singapore |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Suppliers : |
Korea Engineering Plastics |
|
|
|
|
Customers : |
Wholesalers and Retailers ·
Siddharth Enterprises |
|
|
|
|
No. of Employees : |
40 (Approximately) |
|
|
|
|
Bankers : |
Standard Chartered Bank, M.G. Road, Bangalore, Karnataka,
India |
|
|
|
|
Facilities : |
Cash Credit Rs.160.000 Millions form Standard Chartered Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ramesh Patel and Company Chartered Accountants |
|
Address : |
No.8, AM Road, II Floor, Journalist Colony, |
|
Tel. No.: |
91-80-26704298/ 26709331 |
|
Fax No.: |
91-80-26704296 |
|
E-Mail : |
|
|
|
|
|
|
|
|
Sister Concerns : |
Tuflite Polymers Limited Address: No.240/1, Ganesh Krupa, 18th Cross, Sadashivnagar, Bangalore – 560080, Karnataka, India Line of Business: Trader
and Importer of Engineering Plastics Granules |
CAPITAL STRUCTURE
As on 31.03.2012
|
Capital Investment : |
|
|
Owned : |
Rs.150.000 Millions (Estimated) |
|
Borrowed : |
-- |
|
Total : |
Rs.150.000
Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
|
820.000 |
860.000 |
|
|
|
Market
Fluctuation |
|
Expected Sales (2012-13) : Rs.850.000 Millions
The above information has been parted by Mr. Ramu
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
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 |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
Yes |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
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 |
No |
|
29) Last accounts filed at ROC |
No |
|
30) Major Shareholders, if available |
No |
Note:
The registered office of the company has been shifted from No.1, MSR Industrial
Estate, Gokula, Bangalore – 560 054, Karnataka, India to present address
Trade References
· Korea Engineering Plastics
· Siddharth Enterprises
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.55.38 |
|
|
1 |
Rs.86.75 |
|
Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.