|
Report Date : |
06.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
DAGA POLY LAMINATORS PRIVATE LIMITED |
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Registered
Office : |
Daga Buildings, Paota A-Road, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
08.07.2002 |
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Com. Reg. No.: |
17-017710 |
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Capital
Investment / Paid-up Capital : |
Rs.6.308 Millions |
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CIN No.: [Company Identification
No.] |
U25202RJ2002PTC017710 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Flexible Packaging and Pharmaceutical Packaging. |
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No. of Employees
: |
45 (Approximately) (In Office + In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 140000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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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
|
Name : |
Mr. Sandeep Daga |
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Designation : |
Director |
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Contact No.: |
91-9314705195 |
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Date : |
05.06.2012 |
LOCATIONS
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Registered Office : |
Daga Buildings, Paota A-Road, Jodhpur – 342006, Rajasthan,
India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9314705195 (Mr. Sandeep Daga) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
G-643-646, M.I.A. II Phase, Basni, Jodhpur – 342 006, Rajasthan, India |
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Tel. No.: |
91-291-2741497 / 2544802 |
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Fax No.: |
91-291-2746855 |
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E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Devendra Daga |
|
Designation : |
Director |
|
Address : |
Daga Building, Paota A Road, Jodhpur – 342006, Rajasthan, India |
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Date of Birth/Age : |
07.01.1968 |
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Date of Appointment : |
08.07.2002 |
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DIN No.: |
00871687 |
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Election Commission Identity Card No.: |
RJ/24/184/108819 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U25202RJ2002PTC017710 |
DAGA POLY LAMINATORS PRIVATE LIMITED |
Director |
08-07-02 |
08-07-02 |
- |
Active |
NO |
|
2 |
U74994RJ2006PTC022077 |
DAGA ART AND CRAFTS PRIVATE LIMITED |
Director |
13-02-06 |
13-02-06 |
- |
Active |
NO |
|
3 |
U45201RJ2011PTC036028 |
SATYAM CITY INFRASTRUCTURES PRIVATE LIMITED |
Director |
01-08-11 |
01-08-11 |
- |
Active |
NO |
|
Name : |
Mr. Sandeep Daga |
|
Designation : |
Director |
|
Address : |
Daga Building, Paota A Road, Jodhpur – 342006, Rajasthan, India |
|
Date of Birth/Age : |
22.02.1974 |
|
Date of Appointment : |
08.07.2002 |
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DIN No.: |
00871700 |
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Election Commission Identity Card No.: |
RJ/24/184/108866 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
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|
Sandeep Daga |
|
50000 |
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Devendra Daga |
|
39000 |
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Yogendra Daga |
|
50000 |
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Pradeep Daga |
|
37000 |
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Krishna Deo Daga |
|
42800 |
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Gangandeep Daga |
|
44600 |
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Alankrit Daga |
|
74400 |
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Vimla Daga |
|
23600 |
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Kaushalya Daga |
|
12000 |
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Savitri Daga |
|
51600 |
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Mamta Daga |
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43000 |
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Nitika Daga |
|
22400 |
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Arti Daga |
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32000 |
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Manisha Daga |
|
14400 |
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Daga Art and Crafts Private Limited, India |
|
94000 |
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Total |
|
630800 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
15.00 |
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Directors or relatives of Directors |
85.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Flexible Packaging and Pharmaceutical Packaging. |
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Products : |
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Exports : |
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Products : |
·
Flexible Packaging ·
Pharmaceutical Packaging |
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Countries : |
African Countries |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
Korea ·
Indonesia ·
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
·
Jindal Company ·
Ambica Enterprises, Ahmedabad ·
Bhasin Stationers, Delhi ·
Chinubhai Kalidas and Bros., Mumbai ·
Cleem Pharma Care, Daman ·
Cytech Coatings Private Limited, Sarigam ·
Dev Enterprises, Jodhpur ·
Dots 'N' Design, Mumbai ·
Eezfoil Private Limited, Gurgaon ·
Emgee Industries, Ahmedabad ·
Gujarat Foils Limited, Ahmedabad ·
Hindalco Industries Limited, Silvassa ·
Hi-Tech Inks Private Limited, Vapi ·
Jindal Aluminium Foils Private Limited, Vadodara ·
MAB Engravers, Mumbai ·
Maruti
Industries, Ahmedabad |
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Customers : |
Wholesalers and Retailers ·
Cipla ·
Nestle ·
AMUL ·
Mother Dairy ·
Unilink Pharma ·
Aadarsh Flexipack, Mumbai ·
Aashna Enterprises, Chandigarh ·
Amit Flexipack, Mumbai ·
Anand Pharmatech Private Limited, Panchkula ·
Ananta Drugs and Pharmaceuticals Private Limited,
Shriganganagar ·
Anrose Pharma, Chandigarh ·
Arco Pharma Private Limited, Vasai ·
Argus Salud Pharma LLP, Baddi ·
Arien R. R. Impex, Chennai ·
Arvind Remedies Limited, Chennai ·
Asmi Industries, Jaipur ·
Astra Lifecare (India) Private Limited, Ahmedabad ·
Atharva Foil Industries, Mumbai ·
Caplin Point Laboratories Limited, Baddi ·
Caplin Point Laboratories Limited, Pondicherry |
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No. of Employees : |
45 (Approximately) (In Office + In Factory) |
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Bankers : |
·
ING Vysya Bank, 947, 10th 'D' Road, Sardarpura,,
Jodhpur - 342001, Rajasthan, India ·
Bank of Baroda |
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Facilities : |
Cash Credit: Rs.80.000
Millions (ING Vysya Bank)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Maheshwari and Jain Chartered Accountant |
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Address : |
E-47, Shastri Nagar, Jodhpur – 342003, Rajasthan, India |
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PAN.: |
AAIFM5689B |
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Associates/Subsidiaries : |
·
Daga Strips Private Limited ·
Daga Udyog |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
630800 |
Equity Shares |
Rs.10/- each |
Rs.6.308
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
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|
|
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1] Share Capital |
6.308 |
6.308 |
5.940 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
29.856 |
27.896 |
16.722 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
36.164 |
34.204 |
22.662 |
|
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LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
43.739 |
46.209 |
26.354 |
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2] Unsecured Loans |
22.946 |
12.591 |
8.693 |
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TOTAL BORROWING |
66.685 |
58.800 |
35.047 |
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DEFERRED TAX LIABILITIES |
0.824 |
0.915 |
0.525 |
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TOTAL |
103.673 |
93.919 |
58.234 |
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APPLICATION OF FUNDS |
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|
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FIXED ASSETS [Net Block] |
14.438 |
16.570 |
11.032 |
|
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Capital work-in-progress |
1.163 |
0.000 |
0.000 |
|
|
|
|
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|
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INVESTMENT |
0.002 |
0.002 |
0.002 |
|
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
35.223
|
29.473 |
13.684 |
|
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Sundry Debtors |
62.668
|
45.776 |
40.703 |
|
|
Cash & Bank Balances |
2.362
|
3.941 |
0.872 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
7.983
|
6.331 |
4.068 |
|
Total
Current Assets |
108.236
|
85.521 |
59.327 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
18.437
|
7.120 |
11.274 |
|
|
Other Current Liabilities |
0.779
|
0.504 |
0.558 |
|
|
Provisions |
0.950
|
0.550 |
0.295 |
|
Total
Current Liabilities |
20.166
|
8.174 |
12.127 |
|
|
Net Current Assets |
88.070
|
77.347 |
47.200 |
|
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
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|
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|
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TOTAL |
103.673 |
93.919 |
58.234 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
TURNOVER |
239.461 |
177.463 |
127.328 |
|
|
|
|
|
|
|
Less |
EXPENSES |
238.876 |
176.131 |
NA |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.332 |
3.241 |
NA |
|
|
|
|
|
|
|
Less |
TAX |
0.372 |
0.899 |
NA |
|
|
|
|
|
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PROFIT AFTER TAX
|
1.960 |
2.342 |
1.402 |
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
3.11 |
3.95 |
-- |
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
310.000 |
Expected Sales (2012-2013) : Rs.340.000 Millions
The above information has been parted by Mr. Sandeep Daga.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.90
|
3.17 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.09 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.40
|
1.96 |
2.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.37
|
10.46 |
4.89 |
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 |
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 |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
OPERATIONS:
During the financial year, the company could achieve a turnover of Rs. 239.461 Millions, as against a turnover of Rs. 177.463 Millions, achieved during the immediately preceding financial year. The directors hereby also state that the company could be able to achieve a net profit of Rs. 1.960 Millions, as against a net profit of Rs. 2.342 Millions during the immediately preceding financial year. The fall in profit was on account of tough competition in the field and establishment of product in the newer areas which is likely to yield result in upcoming years. Looking to the current year's trend the directors are hopeful of achieving better financial results in the current financial year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U25202RJ2002PTC017710 |
|
Name of the company |
DAGA POLY LAMINATORS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Daga Buildings, Paota A-Road, Jodhpur – 342006, Rajasthan, India E-mail : jodmetal@satyam.net.in
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10308911 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
ING Vysya Bank Limited, 947,
10th 'D' Road, Sardarpura,, Jodhpur - 342001, Rajasthan, India E-mail : roc.charge@gmail.com
|
|
Nature of instrument creating charge |
Letter of deposit of title
deeds |
|
Date of instrument Creating the charge |
05. 01.2012 |
|
Amount secured by the charge |
Rs.89.400 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest CC : IVBR + 1.05% TL : IVBR + 1.05% FLC/BC : LIBOR + 2.00% Terms of Repayment CC :Payable on demand TL :44 Monthly
Installment of Rs.0.100 Million FLC/BC : Lumpsum Margin CC : 25% on paid stock & book debts upto 90
days TL : 25% as per original sanction of BOB FLC/BC : 10% (By way of FDR) Extent and Operation of the charge CC limit - Rs. 85.000 Millions TL limit - Rs.
4.400 Millions FLC/BC (Sublimit of CC - Rs.35.000 Millions) Total Exposure - Rs. 89.400 Millions Exclusive charge by way of Equitable Mortgage on the property bearing
No. Plot No. G 643 to 646 situated at Basmi Industrial Area, Phase II,
Jodhpur admeasuring 6125 sq.mtr. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Exclusive charge by way of Equitable Mortgage on the property bearing
No. Plot No. G 643 to 646 situated at Basmi Industrial Area, Phase II,
Jodhpur admeasuring 6125 sq.mtr. |
|
Particulars of the present modification |
Limit of Rs. 89.400 Millions is
further secured by Exclusive charge by way of Equitable Mortgage on the
property bearing No. Plot No. G 643 to 646 situated at Basmi Industrial Area,
Phase II, Jodhpur admeasuring 6125 sq.mtr. All other terms and condition remains the same. |
FIXED ASSETS:
·
Land
·
Buildings
·
Computer Equipments
·
Electric Penal Board
·
Miscellaneous Fixed Assets
·
Plant and Machinery
·
Lab Equipments
·
Telephone Equipments
·
Maruti Wagon R
·
Vehicle
·
Refrigerator
·
Water Cooler
TRADE REFERENCES:
· Jindal Company
· Sipla
WEBSITE DETAILS:
PROFILE
Established in the year 2002, subject is one of the prominent companies
involved in manufacturing, supplying and exporting of a wide range of aluminum
foil based laminates and packaging material. Their range encompasses Aluminium
laminates, two ply laminates, Packaging aluminium laminates, three ply laminates,
Heat seal coated blister foil, Lidding foil, Laminated aluminium foil, Glassine
paper, Aluminium foil lids and Alu Alu foil.
Under the able and efficient guidance of their mentor and CEO Mr.
Sandeep Daga, they have carved a niche for ourselves in the segment of
providing various aluminium foil based laminates and packaging material.
Realizing the growing demands of packaging material for pharmaceutical, food
and confectionery processing industries, the board of directors of their group
decided to establish a state-of-the-art manufacturing plant in Suncity Jodhpur
in Rajasthan.
Their manufacturing unit is equipped with latest facilities and
equipment and they carry out their operations by adopting the best
manufacturing practices. In their quality control unit, they have facilities
like Bursting Strength tester, Lab. Foil sealer, Lab. Cup sealer and others to
conduct tests on their manufactured range based on various parameters.
Their Mission: At the time of their inception, they set a set of goals that became a part of their mission lately. They are moving ahead in their domain with a mission to offer the most environmentally positive products possible. Further, to ensure complete customer satisfaction, they are committed to boosting the productivity and quality of their products.
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.55.56 |
|
|
1 |
Rs.85.52 |
|
Euro |
1 |
Rs.69.50 |
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 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.