|
Report Date : |
07.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
PLASTIC SHILP UDYOG |
|
|
|
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Registered
Office : |
No. 5-1-244/1, Old Ghasmandi, |
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Country : |
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|
|
|
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Year of
Establishment : |
1987 |
|
|
|
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Capital
Investment/ Paid-up Capital: |
Not Divulged |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
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|
|
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Line of Business
: |
Manufacturer and Supplier of Plastics Products. |
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No. of
Employees: |
15 (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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established partnership concern having moderate tracks.
Mr. Yogesh Maheshwar (partner) was not willing to disclose any details,
whatever details we obtained are from indirect sources. Trade relations are
reported as fair. Business is active. Payments are unknown. The concern 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) |
|
|
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 (General Details)
|
Name : |
Mr. Yogesh Maheshwari |
|
Designation : |
Partner |
|
Date : |
25.05.2012 |
LOCATIONS
|
Registered Office : |
No. 5-1-244/1, Old Ghasmandi, Hill Street, Secunderabad – 500003,
Andhra Pradesh, India |
|
Tel. No.: |
91-40-27710021/ 66310916 |
|
Mobile No.: |
91-9848361484/ 9246219094 (Mr. Yogesh Maheshwari) 91-9246219096 (Mr. M.S. Harish) |
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Fax No.: |
91-40-27705148 |
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E-Mail : |
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|
Website : |
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|
Area : |
1500 Sq. ft. |
PARTNERS
|
Name : |
Mr. Yogesh Maheshwari |
|
Designation : |
Partner |
|
Date of Birth/Age : |
40 Years |
Note: Other partners names are not divulged
KEY EXECUTIVES
|
Name : |
Mr. M.S. Harish |
|
Designation : |
Marketing Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Plastics Products. |
|
|
|
|
Products : |
·
Plastic Hammer ·
Plastic Mallets ·
Plastic Nut Bolt ·
Plastic Pulley ·
Plastic Rollers ·
Plastic Screw ·
Plastic Spray Nozzle ·
Plastic Welding Torch ·
Plastic Materials ·
PP Fabricated Products ·
PP Rods ·
PP Sheets ·
PP Value ·
PP Welding Rod |
GENERAL INFORMATION
|
Customers : |
·
Alloy ·
Auronautical ·
Automibile ·
Automotion ·
Batteries ·
Beverages ·
Bottling ·
Bulk Drugs ·
Cement ·
Chemicals ·
Construction ·
Dairy ·
Defence ·
Electricals ·
Electronics ·
Fertilizers ·
Food Processing ·
Heavy Engineering ·
Hospitals ·
Information Technology ·
Infrastructure ·
Jute ·
Medical Science ·
Mining ·
Mint ·
Nuclear ·
Packaging ·
Paper ·
Petrochemicals ·
Pharmaceuticals ·
Railways ·
Refectories ·
Research and Development ·
Safety and Security ·
Ship Building ·
Space Research ·
Steel ·
Sugar ·
Tea ·
Textile ·
Ware Houses and Cold Storages |
|
|
|
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No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
·
KMBL ·
Central Bank of India |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
-- |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are in
Rupees Millions]
NOT DIVULGED
Expected Sales (2012-2013): Rs.15.000 Millions (Approximately)
The above information has been parted by Mr. Yogesh Maheshwari
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Construction
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
No |
|
Profitability
for last three years |
No |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
Yes |
|
Capital
the business |
No |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
No |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
No |
|
Incorporation
details, if applicable |
No |
|
Last
accounts filed at ROC |
No |
|
Major
Shareholders, if applicable |
No |
AS PER WEBSITE DETAILS:
PROFILE
An ISO 9001:2000 accredited company offering a range of well engineered
plastics and plastic materials including nylon, polyamide, teflon, cast nylon,
polyurethane, acrylic, etc.....
Subject is a name to be reckoned with quality
products at affordable prices. They are an acclaimed manufacturer and supplier
of a wide range of Engineering Thermoplastics Products used in different
industrial sectors. They process and deal in all types of Thermoplastics like
Cast Nylon, Extruded Nylon, Acetal, Acrylic, PTFE, PVC, PP, PE, PC, PU, UHMWPE,
etc. with and without fillers as per the suitability of applied areas. Apart
from these products, they also manufacture Polyamide, Cast Nylon, Polyacetal,
Polyurethane, etc.
They are fully equipped with state-of-the-art
facilities for machining, inspection and assembly. There product quality speaks
louder than words; this is reflected in the amount of positive response coming
from our clients' end. They are committed to fulfill your requirements as per
your desire at prices competitive in the market. They also assure you of prompt
and punctual product delivery. There major clients include BHEL, BDL, Lanco,
Goetze, amongst many others.
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.55.50 |
|
|
1 |
Rs.85.58 |
|
Euro |
1 |
Rs.69.30 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.