MIRA INFORM REPORT
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Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ALL TIME PLASTICS PRIVATE LIMITED |
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Registered Office
: |
B/30, Royal Industrial Estate, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
08.03.2001 |
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Com. Reg. No.: |
11-131139 |
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Paid-up Capital
: |
Rs.10.000 millions |
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CIN No.: [Company Identification
No.] |
U25209MH2001PTC131139 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA14515E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing all kinds of Plastic Products |
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No. of Employees
: |
Information not divulged by management |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit: |
USD 200784 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Though the company was incorporated in the year 2001. But they have
started their business activity in the year May, 2011. The account manager has
provided the general information and denied to provide the financial details.
However, trade relations are reported to be fair. Business is active.
Payments are unknown. The company can be considered for business dealings with some caution.
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DENIED BY
|
Name : |
Mr. Hussain |
|
Designation : |
Accounts Manager |
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Date : |
22.06.2012 |
LOCATIONS
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Registered Office : |
B/30, Royal Industrial Estate, |
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Tel. No.: |
91-22-66208900 |
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Fax No.: |
91-22-66208999 |
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E-Mail : |
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Website : |
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Factory 1 : |
377/1 (1 and 2), Kachigam Char Rasta, |
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Tel. No.: |
91-260-2242505-22421 |
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Fax No.: |
91-260-2242506 |
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Factory 2 : |
Survey No.190/1/2,190/1/2,190/1/3, Gandhigram Dokmardi – KilvaniRoad, Village
: Amli, Silvassa ( UT of Dnh) – 396230 |
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Tel. No.: |
91-260-2630901 / 2630902 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2011
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Name : |
Mr. Punamchand Hansraj Shah |
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Designation : |
Director |
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Address : |
20/12, Dutt Kutir, |
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Date of Birth/Age : |
22.03.1932 |
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Date of Appointment : |
08.03.2001 |
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Date of Cessation : |
25.01.2008 |
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DIN No.: |
00268338 |
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 |
U25209MH1983PTC031535 |
HARPOON PLASTOCHEM
INDUSTRIES PVT LTD |
Director |
09/12/1983 |
09/12/1983 |
29/05/2008 |
Active |
NO |
|
2 |
U25209MH2001PTC131139 |
ALL TIME PLASTICS PRIVATE
LIMITED |
Director |
08/03/2001 |
08/03/2001 |
25/01/2008 |
Active |
NO |
|
Name : |
Mr. Kailesh Punamchand Shah |
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Designation : |
Director |
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Address : |
20/12, Dutt Kutir, |
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Date of Birth/Age : |
04.06.1962 |
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Date of Appointment : |
08.03.2001 |
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DIN No.: |
00268442 |
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 |
U25209MH1983PTC031535 |
HARPOON PLASTOCHEM
INDUSTRIES PVT LTD |
Director |
09/12/1983 |
09/12/1983 |
25/03/2009 |
Active |
NO |
|
2 |
U25209MH2001PTC131139 |
ALL TIME PLASTICS PRIVATE
LIMITED |
Director |
08/03/2001 |
08/03/2001 |
- |
Active |
NO |
|
Name : |
Mr. Bhupesh Punamchand Shah |
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Designation : |
Director |
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Address : |
20/12, Dutt Kutir, |
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Date of Birth/Age : |
04.04.1964 |
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Date of Appointment : |
08.03.2001 |
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DIN No.: |
00281295 |
Other Directorship:
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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 |
U25209MH1983PTC031535 |
HARPOON PLASTOCHEM
INDUSTRIES PVT LTD |
Director |
09/10/1996 |
09/10/1996 |
25/03/2009 |
Active |
NO |
|
2 |
U25209MH2001PTC131139 |
ALL TIME PLASTICS PRIVATE
LIMITED |
Director |
08/03/2001 |
08/03/2001 |
- |
Active |
NO |
|
Name : |
Mr. Nilesh Punamchand Shah |
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Designation : |
Director |
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Address : |
20/12, Dutt Kutir, |
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Date of Birth/Age : |
29.09.1965 |
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Date of Appointment : |
08.03.2001 |
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DIN No.: |
00281407 |
Other Directorship:
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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 |
U25209MH1983PTC031535 |
HARPOON PLASTOCHEM
INDUSTRIES PVT LTD |
Managing director |
09/10/1996 |
09/10/1996 |
25/03/2009 |
Active |
NO |
|
2 |
U25209MH2001PTC131139 |
ALL TIME PLASTICS PRIVATE
LIMITED |
Director |
08/03/2001 |
08/03/2001 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Shah Punamchand Vasanti |
247700 |
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Shah Punamchand Kailesh |
244000 |
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Shah Punamchand Bhupesh |
248900 |
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Shah Punamchand Nilesh |
248900 |
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Shah Kailesh Rupal |
100 |
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Shah Bhupesh Kajal |
100 |
|
Shah Nilesh Sangeeta |
100 |
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TOTAL |
989800 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing all kinds of Plastic Products |
GENERAL INFORMATION
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No. of Employees : |
Information not divulged by management |
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Bankers : |
DBS Bank Limited, 221, Fort House , 3rd Floor, D. N. Road,
Fort, Mumbai – 400001, Maharashtra, India |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
Mihir Shah and Associates Chartered Accountant |
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Address : |
608, 6th Floor, |
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Pan No.: |
AAKPS3076Q |
CAPITAL STRUCTURE
AS ON 24.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs.10.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs.10.000 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 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
10.000 |
0.102 |
0.102 |
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2] Share Application Money |
0.000 |
11.500 |
0.000 |
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3] Reserves & Surplus |
45.531 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
(5.335) |
(0.093) |
(0.080) |
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NETWORTH |
50.196 |
11.509 |
0.022 |
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LOAN FUNDS |
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1] Secured Loans |
192.511 |
0.000 |
0.000 |
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2] Unsecured Loans |
45.300 |
38.667 |
31.542 |
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TOTAL BORROWING |
237.811 |
38.667 |
31.542 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
288.007 |
50.176 |
31.564 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
242.703 |
22.648 |
22.648 |
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Capital work-in-progress |
21.969 |
24.174 |
6.307 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
47.051
|
0.000
|
0.000
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Sundry Debtors |
0.000
|
0.000
|
0.000
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Cash & Bank Balances |
0.551
|
0.027
|
0.072
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Other Current Assets |
0.000
|
0.000
|
0.000
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Loans & Advances |
6.887
|
0.067
|
0.000
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Total
Current Assets |
54.489
|
0.094
|
0.072
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
19.959
|
1.474
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Other Current Liabilities |
11.236
|
0.536
|
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Provisions |
0.000
|
0.000
|
0.000
|
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Total
Current Liabilities |
31.195
|
2.010
|
0.293
|
|
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Net Current Assets |
23.294
|
(1.916)
|
(0.221)
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MISCELLANEOUS EXPENSES |
0.041 |
5.270 |
2.830 |
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TOTAL |
288.007 |
50.176 |
31.564 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
NA |
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Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
|
5.36
|
3.53
|
1447.04
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Current Ratio (Current Asset/Current Liability) |
|
1.175
|
0.05
|
0.24
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LOCAL AGENCY FURTHER INFORMATION
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Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter's background |
Yes |
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8) No. of employees |
No |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
Yes |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
FORM 8
|
Corporate
identity number of the company |
U25209MH2001PTC131139 |
|
Name of the
company |
ALL TIME PLASTICS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B/30, Royal Industrial Estate, |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable
Property |
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Particular of
charge holder |
DBS Bank Limited, 221, |
|
Nature of description
of the instrument creating or modifying the charge |
Memorandum of
entry |
|
Date of
instrument Creating the charge |
04.03.2011 |
|
Amount secured by
the charge |
Rs.302.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be
specified by bank from time to time. Terms of
Repayment As may be
specified by bank from time to time. Margin As may be
specified by bank from time to time. Extent and
Operation of the charge Exclusive charge
by way of Mortgage over the Immovable
properties of the Company, in favour of DBS Bank Ltd as security for
repayment of financial facilities granted by the Bank to the Company. 1. Working capital
facility of Rs. 132.500 Million. 2. Foreign
Currency Loan of USD Equivalent of INR
170.000 Million. |
|
Short particulars
of the property charged |
Property being
land bearing S.No.190/1/2 admg. 8400 sq.mtrs., S.No.190/1/1/2 admg. 11700 sq.mtrs.
and S.No. 190/1/3 admg. 29100 sq.mtrs. Situated at Village Amli of the |
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 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.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
SDA |
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.