MIRA
INFORM REPORT
|
Report Date : |
26.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
N N PRINT AND PACK PRIVATE LIMITED |
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Registered Office
: |
Village Gopalpur Chandigarh, P O Ganga Nagar, Kolkata –
700132, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
22.06.1993 |
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Com. Reg. No.: |
21-059214 |
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Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
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CIN No.: [Company Identification
No.] |
U22221WB1993PTC059214 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CALN01591C CALN02535B |
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PAN No.: [Permanent Account No.] |
AABCN1073E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Packaging Materials |
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No. of Employees
: |
70 (Approximately) (In Office + In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
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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 160000 |
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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 a well established company having satisfactory track. There
appears a better increase in the sales turnover and profitability of the
company during the year 2011. Trade relations are reported as decent. Business is active. Payments
are reported is be usually correct. The company can be considered 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. Jagannath Basak |
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Designation : |
Director |
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Contact No.: |
91-9830081009 |
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Date : |
23.06.2012 |
LOCATIONS
|
Registered Office / Factory : |
Village Gopalpur Chandigarh, P O Ganga Nagar, Kolkata –
700132, West Bengal, India |
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Tel. No.: |
91-33-25389191 / 25386641 |
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Mobile No.: |
91-9830081009 (Mr. Jagannath Basak) |
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Fax No.: |
91-33-23559202 |
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E-Mail : |
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Website : |
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Area : |
16500 Sq. Ft. |
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Location : |
Owned |
DIRECTORS
As on 15.09.2011
|
Name : |
Mr. Jagannath Basak |
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Designation : |
Director |
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Address : |
156-1, C.I.T. Road, Scheme – VII (M), Kolkata – 700054, West Bengal,
India |
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Date of Appointment : |
22. 06.1993 |
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DIN No.: |
00401710 |
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Name : |
Mrs. Anita Basak |
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Designation : |
Director |
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Address : |
156-1, C.I.T. Road, Scheme – VII (M), Kolkata – 700054, West Bengal,
India |
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Date of Appointment : |
22.06.1993 |
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DIN No.: |
00401768 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2011
|
Names of Shareholders |
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No. of Shares |
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Sambhunath Basak |
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25000 |
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Jagannath Basak |
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25000 |
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Sadhana Basak |
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25000 |
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Anita Basak |
|
25000 |
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Total |
|
100000 |
As on 20.12.2011
List of Allotees
|
Names of Allotees |
|
No. of Shares
Allotted |
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Jagannath Basak |
|
520000 |
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Anita Basak |
|
480000 |
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Total |
|
1000000 |
As on 28.02.2012
List of Allotees
|
Names of Allotees |
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No. of Shares
Allotted |
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|
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Jagannath Basak |
|
80000 |
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Anita Basak |
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120000 |
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Total |
|
200000 |
As on 15.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Packaging Materials |
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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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Customers : |
End Users |
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No. of Employees : |
70 (Approximately) (In Office + In Factory) |
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Bankers : |
· Union Bank of India, Bhawanipur Branch, 2/3, Justice Dwarka Nath Road, Kolkata - 700020, West Bengal, India · State Bank of India, Salt Lake, Sector-I, Kolkata – 700064, West Bengal, India |
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Facilities : |
Cash Credit : Rs.25.000
Millions (From Union Bank of India) Term Loan: Rs.15.000
Millions (From Union Bank of India)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Anupam and Company Chartered Accountants |
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Address : |
35/1-E, Rajkumar Mukherjee Road, Kolkata – 700035, West Bengal, India |
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PAN.: |
AGGPB1497C |
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Associates/Subsidiaries : |
Balaram Hosiery, Kolkata, West Bengal, India Line of business
:
Garment manufacturer |
CAPITAL STRUCTURE
After 15.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
1600000 |
Equity Shares |
Rs.10/- each |
Rs.16.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
1300000 |
Equity Shares |
Rs.10/- each |
Rs.13.000
Millions |
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As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1600000 |
Equity Shares |
Rs.10/- each |
Rs.16.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
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 |
1.000 |
1.000 |
1.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
39.336 |
30.540 |
23.769 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
40.336 |
31.540 |
24.769 |
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LOAN FUNDS |
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1] Secured Loans |
20.389 |
13.507 |
10.284 |
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2] Unsecured Loans |
10.185 |
10.624 |
11.601 |
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TOTAL BORROWING |
30.574 |
24.131 |
21.885 |
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DEFERRED TAX LIABILITIES |
1.656 |
1.506 |
1.321 |
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TOTAL |
72.566 |
57.177 |
47.975 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
25.680 |
15.135 |
14.059 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.614 |
0.410 |
0.364 |
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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 |
15.298
|
24.280 |
16.262 |
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Sundry Debtors |
34.425
|
26.599 |
19.996 |
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Cash & Bank Balances |
0.412
|
0.220 |
0.167 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
11.744
|
12.486 |
8.667 |
|
Total
Current Assets |
61.879
|
63.585 |
45.092 |
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
|
11.799 |
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Other Current Liabilities |
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Provisions |
9.788
|
10.154 |
7.307 |
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Total
Current Liabilities |
15.607
|
21.953 |
11.540 |
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Net Current Assets |
46.272
|
41.632 |
33.552 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
72.566 |
57.177 |
47.975 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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TOTAL TURNOVER |
208.030 |
149.744 |
NA |
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EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
NA |
NA |
NA |
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PROFIT BEFORE
TAX |
12.843 |
9.814 |
NA |
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|
TAX |
4.047 |
3.044 |
NA |
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PROFIT AFTER TAX
|
8.796 |
6.770 |
NA |
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Earnings Per
Share (Rs.) |
87.96 |
-- |
-- |
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Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
300.000 |
Expected Sales (2012-2013) : Rs.400.000 Millions
The above information has been parted by Mr. Jagannath Basak.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.67
|
12.47 |
NA |
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.31 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.14
|
1.46 |
1.35 |
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|
Current Ratio (Current Asset/Current Liability) |
|
3.96
|
2.90 |
3.91 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
|
4) Premises details |
Yes |
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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 |
Yes |
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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 |
|
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 |
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17) Major suppliers |
No |
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18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
No |
|
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 |
BUSINESS
PERFORMANCE:
The performance of the business during the year was satisfactory and the
directors are taking necessary to achieve for higher performance in future by
trying to achieve a better mix in sales and to cope in more clients from the
organized sector. The management has improved machinery at the end of this year
produce qualitative products in futures.
CONTINGENT LIABILITY:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Bank guarantee
with State Electricity Board |
0.614 |
0.410 |
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BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U22221WB1993PTC059214 |
|
Name of the company |
N N PRINT AND PACK PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Village Gopalpur Chandigarh, P O Ganga Nagar, Kolkata – 700132,
West Bengal |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10253047 |
|
Type of charge |
Book debts Movable property (not being pledge) Others (Deposits held as Margin / Collateral with the Bank) |
|
Particular of charge holder |
Union Bank of India, Bhawanipur Branch, 2/3, Justice Dwarka Nath Road,
Kolkata - 700020, West Bengal, India E-mail : cbsbhawanipur@unionbankofindia.com
|
|
Nature of instrument creating charge |
1. Composite Hypothecation Deed |
|
Date of instrument Creating the charge |
03.03.2011 |
|
Amount secured by the charge |
Rs.38.300 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest (a)CC (Hypothecation) LT Rs.25.000 Millions, Interest @BR+3.50%
p.a (b) Term Loan-I LT Rs.11.500 Millions, Interest @BR+4.25% p.a (c)Term Loan-II LT Rs.1.800 Millions, Interest @BR+5.25% p.a. Rate of
Interest is applied on monthly rests. Terms of Repayment 1. Entire Credit facilities comprising of (a) CC (Hypothecation) LT of
Rs.25.000 Millions are repayable on demand 2. Credit facilities comprising of (b)Term Loan-I LT of Rs.11.500
Millions and (c) Term Loan-II LT of Rs.1.800 Millions respectively, are both
repayable in 48 monthly installments together with interest and other dues and in both cases first such
installment to commence from the month following the month of disbursement. Margin (a) CC (Hypothecation) LT Rs.25.000 Millions ,Margin 25% against
Stocks and 40% against Book Debts (b)
Term Loan-I LT Rs.11.500 Millions, Margin 25% (c)Term Loan-II LT Rs.1.800
Millions, Margin 25% Extent and Operation of the charge 1.Hypothecation by way of first charge created on entire existing and
future a) (i)Stocks of Adhesives, Adhesive Tapes, BOPP Films, Ethyl Acetate,
Ink (ii) Plant and machineries including 8 color Rotogravure Printers and
Laminators etc and so stored /lying/installed or to be installed or under
process and so situated at Co's factory premises at Gopalpur, Chandigarh
Post: Ganganagar,Kolkata-700132 or elsewhere or are in course of transit
b)Book Debts c)Deposits held as Margin/ Collateral or otherwise with the Bank Others Inter-alia to secure the aforesaid credit facilities of Rs.38.300
Millions, sanctioned and extended by Union Bank of India, Bhawanipur Branch
to N N Print and Pack Private Limited, the company has created charge on its
assets and all other supporting security documents executed by the company in
favour of the Bank. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Stocks of Adhesives, Adhesive Tapes, BOPP Films, Ethyl Acetate ,Ink
etc stored / lying/under process and so situated at Co's factory premises at
Gopalpur, Chandigarh, Kolkata-132 or elsewhere or in transit Plant and Machineries including 8 Color Rotogravure Printers and
Laminators etc installed or to be installed and so situated at Co's factory
at Gopalpur,Chandigarh,Kolkata-132 or elsewhere or in transit Book Debts Deposits held as Margin / Collateral or otherwise with Union Bank of
India, Bhawanipur Branch |
|
Date of instrument modifying the charge |
03.03.2011 |
|
Particulars of the present modification |
By this modification overall charge registered against the company, N
N Print and Pack Private Limited in favour of Union Bank of India, Bhawanipur
Branch stands modified from earlier Rs.36.500 Millions to now Rs.38.300
Millions. |
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.56.53 |
|
|
1 |
Rs.88.09 |
|
Euro |
1 |
Rs.70.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
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 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.