MIRA INFORM REPORT

Report Date :

22.06.2012

IDENTIFICATION DETAILS

Name :	RAJDEEP PLASTIC CONTAINERS (INDIA) PRIVATE LIMITED
Registered Office :	Wagle Industrial Estate, B – 3, Thane – 400604, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	07.06.1962
Com. Reg. No.:	11-012375
Capital Investment / Paid-up Capital :	Rs.5.711 Millions
CIN No.: [Company Identification No.]	U99999MH1962PTC012375
TAN No.: [Tax Deduction & Collection Account No.]	PNER06894G
PAN No.: [Permanent Account No.]	AABCM9348R
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Exclusively Virgin Quality HM – HDPE Jerry Cans and Open Top Drums.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 190000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitment. The company can be considered for normal 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)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	Wagle Industrial Estate, B – 3, Thane – 400604, Maharashtra, India
Tel. No.:	91-22-25836346/25836347
Fax No.:	91-22-25837879
E-Mail :	ashardeepakca@gmail.com rpcipl@gmail.com
Website :	http://www.rajdeepplasticcontainers.com
Factory :	Plot No.E-8, MIDC, Taloja Industrial Area, Taluka - Panvel, Dist. Raigad, Taloja - 410 208, Maharashtra, India

DIRECTORS

As on 30.09.2011

Name :

Mr. Jayesh Nagda

Designation :

Director

Address :

123, Dr. Meishri Road, Shivmahal, Mumbai – 400009, Maharashtra, India

Date of Birth/Age :

26.04.1973

Date of Appointment :

04.12.1997

DIN No.:

00387673

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	U25209MH1992PTC069033	RAJDEEP REALTORS PRIVATE LIMITED	Director	15/10/1992	15/10/1992	-	Active	NO
2	U70100MH1985PTC036076	MORAR PROPERTIES PRIVATE LIMITED	Director	27/09/1997	27/09/1997	-	Active	NO
3	U99999MH1962PTC012375	RAJDEEP PLASTIC CONTAINERS (INDIA) PRIVATE LIMITED	Director	4/12/1997	4/12/1997	-	Active	NO
4	U51909MH2002PTC135192	ROSELIN IMPEX PRIVATE LIMITED	Director	15/03/2002	15/03/2002	28/03/2011	Active	NO
5	U92120MH2008PTC187660	PAANCH RUPAIYA BARAH AANA PRODUCTION PRIVATE LIMITED	Director	20/10/2008	20/10/2008	15/01/2009	Active	NO

Name :

Mr. Bhawanji Nagda

Designation :

Director

Address :

123, Dr. Meishri Road, Shivmahal, Mumbai – 400009, Maharashtra, India

Date of Birth/Age :

20.04.1939

Date of Appointment :

04.12.1997

DIN No.:

00387754

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	U99999MH1962PTC012375	RAJDEEP PLASTIC CONTAINERS (INDIA) PRIVATE LIMITED	Director	28/02/2001	28/02/2001	-	Active	NO
2	U25209MH1992PTC069033	RAJDEEP REALTORS PRIVATE LIMITED	Director	28/02/2001	28/02/2001	-	Active	NO
3	U51909MH2002PTC135192	ROSELIN IMPEX PRIVATE LIMITED	Director	15/03/2002	15/03/2002	28/03/2011	Active	NO
4	U70100MH1985PTC036076	MORAR PROPERTIES PRIVATE LIMITED	Director	10/06/2002	10/06/2002	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Jayesh Nagda	25518
Bhawanji Nagda	1265
Hemlata Nagda	1344
Deepak Nagda	850
Bhawanji Nagda	695
Hemlata Nagda	875
Jayesh Nagda	26566
Total	57113

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Exclusively Virgin Quality HM – HDPE Jerry Cans and Open Top Drums.

PRODUCTION STATUS (As on 31.03.2011)

Particulars	Unit	31.03.2011
Installed Capacity	M.T.s	1600

Particulars	Unit	Actual Production
Plastic Moulded Goods	kegs	1,422,505

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Union Bank of India, Bhat Bazar Branch, Anant Deep Chambers, 273/277, Narsi Natha Street, Mumbai – 400009, Maharashtra, India

Facilities :

(Rs. in Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Union Bank of India – Term Loan (Secured by hypothecation of the plant and /machinery acquired out of term loan)	19.566	25.651
Union Bank of India – Cash Credit (Secured by hypothecation of the entire goods duly insured and entire book debts)	44.522	42.721
Motor Car Loan	2.529	3.915
Total	66.617	72.287
Secured Loan	As on 31.03.2011	As on 31.03.2010
Loans from Directors	1.691	6.473
Loan from Shareholders	1.949	3.315
Loans from Scheduled Banks	1.608	5.832
Book Overdraft from Scheduled Bank	0.489	1.467
Inter – Corporate Loans	5.954	3.989
Total	11.691	21.076

Banking Relations :	--
Finance Institution:	Reliance Capital Limited, ‘H’ Block, 1^st Floor, Dhirubhai Ambai Knowledge City, Koparkhairne, Navi Mumbai – 400710, Maharashtra, India
Auditors :
Name :	M P Chitale and Company Chartered Accountants
Address :	Hamam House, Ambalal Doshi Marg, Fort, Mumbai – 400001, Maharashtra, India
PAN.:	AAAPM5229P
Related Enterprises- Enterprises over which Key Management Personnel and their Relatives arc able to exercise influence::	· Rajdeep Realtors Private Limited · Shreesha Exim Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.100/- each	Rs.10.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
57113	Equity Shares	Rs.100/- each	Rs.5.711 Millions

Note:

Out of Above

1,418 (Previous Year 57,113) Equity Share have been allotted as fully paid up Shares pursuant to a contract without payment being received in cash.

5,665 (Previous Year 5,665) Share havew been allotted as fully paid up shares by way of Bonus Share by Capitalisation of General Reserve

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		5.711	5.711	5.711
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		42.644	39.932	30.064
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		48.355	45.643	35.775
LOAN FUNDS
1] Secured Loans		66.617	72.287	80.584
2] Unsecured Loans		11.691	21.076	38.338
TOTAL BORROWING		78.308	93.363	118.922
DEFERRED TAX LIABILITIES		1.244	1.535	2.029
TOTAL		127.907	137.541	156.726
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		40.657	43.308	44.662
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	13.457	29.558	21.660
	Sundry Debtors	61.499	41.298	37.557
	Cash & Bank Balances	4.252	0.861	1.766
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	74.241	78.781	88.799
Total Current Assets		153.449	150.498	149.782
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	16.226	9.824	10.429
	Other Current Liabilities	43.524	40.383	21.833
	Provisions	6.449	6.058	5.456
Total Current Liabilities		66.199	56.265	37.718
Net Current Assets		87.250	94.233	112.064
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		127.907	137.541	156.726

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	NA	NA	NA
		Other Income	NA	NA	NA
		TOTAL (A)	NA	NA	NA
Less	EXPENSES
		Office Expenses	NA	NA	NA
		Administrative Expenses	NA	NA	NA
		Advertising Expenses	NA	NA	NA
		TOTAL (B)	NA	NA	NA
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		26.892	30.477	NA
Less	FINANCIAL EXPENSES (D)		11.421	15.999	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		15.471	14.478	NA
Less/ Add	DEPRECIATION/ AMORTISATION (F)		5.550	6.210	NA