MIRA
INFORM REPORT
|
Report Date : |
19.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
VIBGYOR PRINTING AND PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
13.03.1984 |
|
|
|
|
Com. Reg. No.: |
21-037274 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120WB1984PTC037274 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALV00115D |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturer of Articles and Packaging made from paper board, pulp, cellulose
films etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 370000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well 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. Current year profit and loss
account is not available. |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION DECLINED BY
|
Name : |
Mr. Vikas Datta |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9674168243 |
|
Date : |
15.06.2012 |
LOCATIONS
|
Registered Office : |
103/24/1 Foreshore Road, Sibpur, Howrah 711102,
West Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9674168243 (Mr. Vikas Datta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Khasara No 168/169, Barotiwala, Haripur Road, Village Domowala,
Solan 174103, Himachal Pradesh, India |
|
Tel. No.: |
91-179-2320038 |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mrs. Sangeeta Maheshwari |
|
Designation : |
Director |
|
Address : |
89, Dr Meghnad Shah, Sarani, Kolkata-700029, West Bengal, India |
|
Date of Birth/Age : |
23.05.1955 |
|
Date of Appointment : |
07.08.1990 |
|
DIN No.: |
00469584 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U21093WB1978PTC031521 |
CREATIVE
PRODUCTS PRIVATE LIMITED |
Whole-time
director |
17-03-79 |
17-03-79 |
Active |
NO |
|
2 |
U36991WB1986PTC040505 |
A V
G INK PRIVATE LIMITED |
Whole-time
director |
11-04-86 |
11-04-86 |
Amalgamated |
NO |
|
3 |
U21015WB1990PTC048259 |
CREATIVE
LAMINATORS AND PRINT PACK PRIVATE LIMITED |
Whole-time
director |
24-01-90 |
24-01-90 |
Amalgamated |
NO |
|
4 |
U67120WB1984PTC037274 |
VIBGYOR
PRINTING AND PACKAGING PRIVATE LIMITED |
Whole-time
director |
07-08-90 |
07-08-90 |
Active |
NO |
|
5 |
U74899WB1990PTC129642 |
APARNA
PRINT PACK PRIVATE LIMITED |
Whole-time
director |
13-11-90 |
13-11-90 |
Amalgamated |
NO |
|
6 |
U21093WB1980PTC033055 |
APARNA
PAPER PROCESSING INDUSTRY PRIVATE LIMITED |
Whole-time
director |
22-04-92 |
22-04-92 |
Active |
NO |
|
7 |
U51900MH1984PLC033049 |
SUNAYNA
TRADE AND INVESTMENT COMPANY LIMITED |
Director |
30-08-93 |
30-08-93 |
Active |
NO |
|
8 |
U65990MH1984PLC033112 |
SAMBHAW
FINANCE AND TRADING COMPANY LIMITED |
Director |
30-08-93 |
30-08-93 |
Active |
NO |
|
9 |
U51900MH1983PLC029599 |
SUSHREE
TRADING LIMITED |
Director |
06-09-93 |
06-09-93 |
Active |
NO |
|
10 |
U21014WB1986PLC040807 |
CREATIVE
POLYPACK LIMITED |
Whole-time
director |
04-08-05 |
04-08-05 |
Active |
NO |
|
Name : |
Mr. Srikanta Khatua |
|
Designation : |
Director |
|
Address : |
Ganesh Bhavan, Plot No.3, Pilli Pondicherry-605005, India |
|
Date of Birth/Age : |
04.06.1966 |
|
Date of Appointment : |
01.09.2007 |
|
DIN No.: |
00796170 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U21014WB1986PLC040807 |
CREATIVE
POLYPACK LIMITED |
Director |
07-08-07 |
07-08-07 |
16-01-12 |
Active |
NO |
|
2 |
U67120WB1984PTC037274 |
VIBGYOR
PRINTING AND PACKAGING PRIVATE LIMITED |
Director |
01-09-07 |
01-09-07 |
- |
Active |
NO |
|
Name : |
Mr. Binod Kumar Maheshwari |
|
Designation : |
Director |
|
Address : |
89, Dr Meghnad Shah, Sarani, Kolkata-700029, West Bengal, India |
|
Date of Birth/Age : |
11.04.1950 |
|
Date of Appointment : |
07.08.1990 |
|
DIN No.: |
00469637 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U21093WB1978PTC031521 |
CREATIVE
PRODUCTS PRIVATE LIMITED |
Whole-time
director |
09-06-78 |
09-06-78 |
Active |
NO |
|
2 |
U21093WB1980PTC033055 |
APARNA
PAPER PROCESSING INDUSTRY PRIVATE LIMITED |
Whole-time
director |
15-10-80 |
15-10-80 |
Active |
NO |
|
3 |
U01132WB1955PTC022727 |
HALMIRA
ESTATE TEA PRIVATE LIMITED |
Director |
15-10-84 |
15-10-84 |
Active |
NO |
|
4 |
L51109WB1982PLC034798 |
UMANG
COMMERCIAL COMPANY LIMITED |
Director |
25-01-85 |
25-01-85 |
Active |
NO |
|
5 |
U21014WB1986PLC040807 |
CREATIVE
POLYPACK LIMITED |
Whole-time
director |
16-06-86 |
16-06-86 |
Active |
NO |
|
6 |
U21015WB1990PTC048259 |
CREATIVE
LAMINATORS AND PRINT PACK PRIVATE LIMITED |
Whole-time
director |
23-01-90 |
23-01-90 |
Amalgamated |
NO |
|
7 |
U36991WB1986PTC040505 |
A V
G INK PRIVATE LIMITED |
Whole-time
director |
11-04-90 |
11-04-90 |
Amalgamated |
NO |
|
8 |
U67120WB1984PTC037274 |
VIBGYOR
PRINTING AND PACKAGING PRIVATE LIMITED |
Whole-time
director |
07-08-90 |
07-08-90 |
Active |
NO |
|
9 |
U74899WB1990PTC129642 |
APARNA
PRINT PACK PRIVATE LIMITED |
Whole-time
director |
13-11-90 |
13-11-90 |
Amalgamated |
NO |
|
10 |
U18101MH1987PLC134933 |
AAKARSHAK
SYNTHETICS LIMITED |
Director |
30-07-92 |
30-07-92 |
Active |
NO |
|
11 |
U65990MH1987PTC043580 |
BENHUR
INVESTMENT COMPANY PRIVATE LIMITED |
Director |
30-07-92 |
30-07-92 |
Active |
NO |
|
12 |
U27200MH1985PLC035603 |
PARK
AVENUE ENGINEERING LIMITED |
Director |
30-07-92 |
30-07-92 |
Active |
NO |
|
13 |
U65990MH1987PTC043557 |
PEIGEON
FINANCE AND INVESTMENT PRIVATE LIMITED |
Director |
30-07-92 |
30-07-92 |
Active |
NO |
|
14 |
U65993MH1982PLC028250 |
ASHISH
TRADING AND AGENCY LIMITED |
Director |
02-09-93 |
02-09-93 |
Active |
NO |
|
15 |
L74899DL1993PLC054781 |
RATHI
BARS LIMITED |
Director |
10-01-07 |
10-01-07 |
Active |
NO |
|
Name : |
Mr. Giriraj Maheshwari |
|
Designation : |
Director |
|
Address : |
89, Dr Meghnad Shah, Sarani, Kolkata-700029, West Bengal, India |
|
Date of Birth/Age : |
06.05.1980 |
|
Date of Appointment : |
15.06.1998 |
|
DIN No.: |
00796252 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U67120WB1984PTC037274 |
VIBGYOR
PRINTING AND PACKAGING PRIVATE LIMITED |
Whole-time
director |
15-06-98 |
15-06-98 |
Active |
NO |
|
2 |
U21093WB1980PTC033055 |
APARNA
PAPER PROCESSING INDUSTRY PRIVATE LIMITED |
Whole-time
director |
15-06-98 |
15-06-98 |
Active |
NO |
|
3 |
U21014WB1986PLC040807 |
CREATIVE
POLYPACK LIMITED |
Whole-time
director |
15-06-98 |
15-06-98 |
Active |
NO |
|
4 |
U36991WB1986PTC040505 |
A V G
INK PRIVATE LIMITED |
Whole-time
director |
11-04-03 |
11-04-03 |
Amalgamated |
NO |
|
5 |
U21093WB1978PTC031521 |
CREATIVE
PRODUCTS PRIVATE LIMITED |
Whole-time
director |
11-04-03 |
11-04-03 |
Active |
NO |
|
6 |
U21015WB1990PTC048259 |
CREATIVE
LAMINATORS AND PRINT PACK PRIVATE LIMITED |
Whole-time
director |
11-04-03 |
11-04-03 |
Amalgamated |
NO |
|
7 |
U74899WB1990PTC129642 |
APARNA
PRINT PACK PRIVATE LIMITED |
Whole-time
director |
11-04-03 |
11-04-03 |
Amalgamated |
NO |
|
8 |
U27101WB1983PLC154615 |
ARVIND
PRESS CAPS LIMITED |
Director |
25-08-04 |
25-08-04 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Vikas Datta |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
No. of Shares |
|
Binod Kumar Maheshwari |
182000 |
|
Binod Kumar Maheshwari - HUF |
52000 |
|
Sangeeta Maheshwari |
60000 |
|
Creative Product Private Limited, Howrah |
10000 |
|
Giriraj Maheshwari |
46000 |
|
TOTAL |
350000 |
AS ON 29.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
2.86 |
|
Directors or relatives of Directors |
97.14 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Articles and Packaging made from paper board, pulp,
cellulose films etc. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS
|
Particulars |
Unit |
AS
ON 31.03.2010 |
|
Installed
Capacity |
Kgs. |
3600000 |
|
|
|
|
|
Production |
|
|
|
Soap Wrappers |
Qty in Kgs. |
1947719.00 |
|
Laminates |
Kgs. |
1001922.00 |
|
Processed Materials |
Qty in Kgs. |
85194.70 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Oriental Bank of Commerce, New Alipore Branch, 93
Tollygunge Circular Road, Kolkata 700053, West Bengal, India ·
HDFC Bank |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
T K Biswas and Company Chartered Accountant |
|
Address : |
2, Church Lane, Room No. 207, 2nd Floor, Kolkata 700001,
West Bengal, India |
|
Pan No.: |
AAGPB8897L |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.10/- each |
Rs. 3.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.10/- each |
Rs. 3.500 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 |
3.500 |
3.500 |
3.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
90.889 |
65.177 |
37.289 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
94.389 |
68.677 |
40.789 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
31.570 |
55.795 |
61.780 |
|
|
2] Unsecured Loans |
0.000 |
8.100 |
14.270 |
|
|
TOTAL BORROWING |
31.570 |
63.895 |
76.050 |
|
|
DEFERRED TAX LIABILITIES |
2.800 |
2.800 |
2.800 |
|
|
|
|
|
|
|
|
TOTAL |
128.759 |
135.372 |
119.639 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
66.899 |
79.749 |
81.647 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.200 |
0.200 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
52.905
|
61.744
|
45.010 |
|
|
Sundry Debtors |
59.466
|
34.142
|
41.480 |
|
|
Cash & Bank Balances |
0.532
|
2.504
|
2.474 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
9.179
|
8.023
|
9.409 |
|
Total
Current Assets |
122.082
|
106.413 |
98.373 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
44.428
|
58.640 |
|
|
Other Current Liabilities |
|
0.743
|
0.291 |
|
|
Provisions |
4.948
|
5.819
|
1.450 |
|
Total
Current Liabilities |
60.422
|
50.990 |
60.381 |
|
|
Net Current Assets |
61.660
|
55.423
|
37.992 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
128.759 |
135.372 |
119.639 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
462.450 |
390.897 |
|
|
|
Job Charges |
|
8.834 |
7.727 |
|
|
|
Other Income |
|
4.176 |
3.376 |
|
|
|
TOTAL (A) |
|
475.460 |
402.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
|
356.238 |
324.312 |
|
|
|
Manufacturing Expenses |
|
39.484 |
36.095 |
|
|
|
Selling and Distribution Expenses |
|
7.834 |
5.821 |
|
|
|
Office Expenses |
|
3.760 |
7.734 |
|
|
|
Administrative Expenses |
|
8.965 |
7.167 |
|
|
|
TOTAL (B) |
|
416.281 |
381.129 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
59.179 |
20.871 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
9.138 |
6.154 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
50.041 |
14.717 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
13.690 |
8.545 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
36.351 |
6.172 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
5.620 |
0.667 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
30.731 |
5.505 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
5.642 |
44.812 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
87.80 |
15.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
6.46
|
1.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
7.86
|
1.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
19.52
|
3.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.52
|
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.00
|
1.71
|
3.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.02
|
2.08
|
1.62 |
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. Constructions 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 |
No |
|
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 two 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 |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 |
FORM 8
|
Corporate identity
number of the company |
U67120WB1984PTC037274 |
|
Name of the
company |
VIBGYOR PRINTING AND PACKAGING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
103/24/1 Foreshore Road, Sibpur, Howrah, West Bengal, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
80038807 |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Oriental Bank of Commerce, New Alipore Branch, 93 Tollygunge Circular
Road, Kolkata 700053, West Bengal, India
|
|
Nature of
instrument creating charge |
1. Supplemental
agreement to secure credit / loan facilities. 2. Agreement of
hypothecation of assets 3. Agreement of
term loan 2. Letters (3)
regarding extension of equitable mortgage (Original charge
dated 28.02.2006 for Rs. 54.500 Millions and subsequently modified on
27.10.2007 for Rs. 57.000 Millions, on 13/09/2008 for Rs. 89.400 Millions and
on 06.02.2010 for Rs. 102.500 Millions) |
|
Date of
instrument Creating the charge |
05.11.2011 |
|
Amount secured by
the charge |
Rs. 94.900
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest C.C. and T.L.
IV(fresh): Int. At 1.75 % over BR (present BR 10.75 %), i.e.,@ 12.50% p.a. At
present or as may be fixed by the bank from time to time. L.C. and B.G. :
commission as per schedule of charges. Terms of repayment C.C. : Repayable
On Demand T.L.-IV (FRESH) :
Repayable In 60 Monthly Installments L.C. : Tenor - DP
Or DA With 180 Days Usance B.G. : Term Of
Sanction - One Year Margin C.C. : 25 % on stocks and receivables up to 90
days T.L. iv (fresh):
25 % l.c. : 25 % in the shape of unencumbered duly
discharged FDRS / CDRS B.G. : 25 % Extent and operation of the charge 1. Hypothecation
by way of first charge on stocks, receivables, plant and machinery and other
fixed assets. 2. Extension of
equitable mortgage in respect of land at
Damowal, District Solan
(Himachal Pradesh) 3. Extension of
equitable mortgage in respect of land at bankra, Howrah originally mortgaged
to secure the facilities granted to Creative Polypack Limited. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation By
Way of First Charge Stocks of Raw
Materials, Stocks In Process, Finished Goods, Stores And Spares, Receivables,
Plant and Machinery And Other Fixed
Assets (Present
and Future) E.M. By Deposit
of Title Deeds In Respect of Land Measuring 6 Bigha Comprised In Khewat
Khatian No. 26/28, Khasra No. 168 and 169 At Mouza Damowal, Tehsil Kasauli,
District - Solan, Himachal Pradesh. E. M. By Deposit
of Title Deeds In Respect of Land Measuring 6 Cottah, 8 Chittacks, 14 Sq.
Ft., Dag No. 176, Kh. No. 436 Situated At Mouza Bankra, P.S. Domjur,
District- Howrah E. M. By Deposit
of Title Deeds In Respect of Land Measuring 2 Cottah, 11 Chittacks, 21 Sq.
Ft., Dag No. 174, Kh. No. 1972 Situated At Mouza Bankra, P.S. Domjur,
District- Howrah (Title Deeds Pertaining to The Aforesaid Properties In Sl
No. Iii and Iv Above Were Deposited Earlier With The Bank to Secure
Facilities Granted By The Bank to Creative
Polypack Limited) |
|
Date of
instrument modifying the charge |
06.02.2010 |
|
Particulars of
the present modification |
By This
Modification The Overall Limit Has Been Reduced From Rs.102.500 Millions To Rs.
94.900 Millions As Follows: C.C. (H) : Rs 30.000 Millions, (Sub Limit CC-BD : Rs.
15.000 Millions), L.C. / B.G. : Rs
10.000 Millions, T.L.-II : Rs 25.900 Millions, T.L.-IV (Fresh): Rs.29.000 Millions (Total
Rs. 94.900 Millions). TL - I and TL III
Have Been Repaid/ Adjusted. Fresh TL - IV of Rs. 29.000 Millions Has Been
Sanctioned. Other Terms and
Conditions Remain Unchanged. |
FIXED ASSETS:
·
Land
·
Factory Shed
and Buildings
·
Plant and
Machinery
·
Electrical
Installation
·
Fire
Extinguishers
·
Furniture and
Fixtures
·
Weighing
Machines
·
Air
Conditioners
·
Office
Equipments
·
Computer and
Accessories
·
Stacker – Fork
Lift
·
Vehicles –
Maruthi Omni
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. 55.59 |
|
|
1 |
Rs. 87.34 |
|
Euro |
1 |
Rs. 70.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
48 |
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.