Business
information report
1. Summary Information
|
|
|
Country |
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Company Name |
TAURUS PACKAGING PRIVATE LIMITED |
Principal Name 1 |
Mr. Chetan Jain |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Nisha Jain |
|
|
|
Registration # |
024164 |
|
Street Address |
56A / 13 Rama Road, Industrial Area, New Delhi 110015 |
||
|
Established Date |
08.05.1986 |
SIC Code |
-- |
|
Telephone# |
91-11-45063741 / 42 |
Business Style 1 |
Manufacturer of PVC, OPS, PETG, PLA shrink sleeve labels, bopp wrap on labels, polyethylene stretch sleeve labels, flexible packaging laminates, printed collation, etc. |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.9,319,000 |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 97.85% |
Banking |
State Bank of India |
|
Public Limited Corp. |
-- |
Business Period |
26 years |
|
IPO |
-- |
International Ins. |
-- |
|
Public |
-- |
Rating |
Ba (45) |
|
Related
Company |
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|
Relation
|
Country
|
Company
Name |
-- |
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
42,311,000 |
Current Liabilities |
34,971,000 |
|
Inventories |
39,685,000 |
Long-term Liabilities |
59,506,000 |
|
Fixed Assets |
52,564,000 |
Other Liabilities |
987,000 |
|
Deferred Assets |
0 |
Total Liabilities |
95,464,000 |
|
Invest& other Assets |
18,000 |
Retained Earnings |
18,995,000 |
|
|
0 |
Net Worth |
39,114,000 |
|
Total Assets |
134,578,000 |
Total Liab. & Equity |
134,578,000 |
|
Total Assets (Previous Year) |
125,966,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
2,868,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
2,829,000 |
|
Report Date : |
29.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
TAURUS PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
56A / |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.05.1986 |
|
|
|
|
Com. Reg. No.: |
024164 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.319 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1986PTC024164 |
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|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturer of PVC, OPS, PETG, PLA shrink sleeve labels, bopp wrap on labels, polyethylene stretch sleeve labels, flexible packaging laminates, printed collation(also called multipack or bundling) shrink film and multilayer printed bags, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 156456 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an 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. |
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 : |
56A / 13 Rama Road, Industrial Area, New Delhi 110015, India |
|
Tel. No.: |
91-11-45063741 / 42 |
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E-Mail : |
|
|
|
|
|
Factory : |
53, Toy City, Udyog Kendra Greater Noida 201306, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2353540 |
|
Fax No.: |
91-120-2353541 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Chetan Jain |
|
Designation : |
Director |
|
Date of Birth/Age : |
22.08.1983 |
|
Date of Appointment : |
25.10.2010 |
|
|
|
|
Name : |
Mr. Nisha Jain |
|
Designation : |
Director |
|
Date of Birth/Age : |
20.09.1955 |
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Date of Appointment : |
25.10.2010 |
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|
|
|
Name : |
Mr. Rajesh Kumar Jain |
|
Designation : |
Director |
|
Date of Birth/Age : |
18.01.1957 |
|
Date of Appointment : |
30.09.2011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Chetan Jain |
65000 |
|
Nisha Jain |
208500 |
|
Rajesh Kumar Jain |
243650 |
|
Rajesh Kumar Jain |
164700 |
|
Manu Jain |
21000 |
|
Munshi’s Investment and Finance P Limited, New Delhi |
20000 |
|
M L Jain |
209110 |
|
Total |
931960 |
AS ON 30.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
2.15 |
|
Directors or relatives of directors |
|
97.85 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of PVC, OPS, PETG, PLA shrink sleeve labels, bopp wrap on labels, polyethylene stretch sleeve labels, flexible packaging laminates, printed collation(also called multipack or bundling) shrink film and multilayer printed bags, etc. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
State Bank of India, B-4/7, Prince Road, Model
Town – I, Delhi 110009, India ·
Punjab National Bank, Naraina Vihar, New Delhi
110028, India |
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Facilities : |
Rs. In Millions
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Kaj and Associates Chartered Accountant |
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Address : |
84 Pocket 1, Jasola, New Delhi 110025, India |
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|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs. 10 each |
Rs.10.000 millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
931960 |
Equity Shares |
Rs. 10 each |
Rs.9.319 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 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.319 |
9.319 |
9.319 |
|
|
2] Share Application Money |
10.800 |
6.550 |
0.000 |
|
|
3] Reserves & Surplus |
18.995 |
16.127 |
13.298 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
39.114 |
31.996 |
22.617 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
53.765 |
72.948 |
42.684 |
|
|
2] Unsecured Loans |
5.741 |
3.303 |
6.606 |
|
|
TOTAL BORROWING |
59.506 |
76.251 |
49.290 |
|
|
DEFERRED TAX LIABILITIES |
0.987 |
0.957 |
0.676 |
|
|
|
|
|
|
|
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TOTAL |
99.607 |
109.204 |
72.583 |
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|
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|
|
|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
52.564 |
57.020 |
41.577 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
39.685
|
25.920 |
25.375 |
|
|
Sundry Debtors |
30.246
|
33.430 |
26.145 |
|
|
Cash & Bank Balances |
1.961
|
2.030 |
2.265 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
10.104
|
7.540 |
5.511 |
|
Total
Current Assets |
81.996
|
68.920 |
59.296 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
32.778
|
15.373 |
26.924 |
|
|
Other Current Liabilities |
0.873
|
0.315 |
0.202 |
|
|
Provisions |
1.320
|
1.074 |
1.170 |
|
Total
Current Liabilities |
34.971
|
16.762 |
28.296 |
|
|
Net Current Assets |
47.025
|
52.158 |
31.000 |
|
|
|
|
|
|
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|
MISCELLANEOUS EXPENSES |
0.018 |
0.026 |
0.006 |
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|
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TOTAL |
99.607 |
109.204 |
72.583 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
NA |
NA |
NA |
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PROFIT BEFORE
TAX |
4.218 |
4.184 |
3.726 |
|
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|
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|
|
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|
Less |
TAX |
1.350 |
1.355 |
1.237 |
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PROFIT AFTER TAX
|
2.868 |
2.829 |
2.489 |
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.802 |
1.473 |
6.484 |
|
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|
|
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|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.500 |
2.500 |
7.500 |
|
|
BALANCE CARRIED TO
THE B/S |
2.170 |
1.802 |
1.473 |
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|
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|
|
|
|
Earnings Per
Share (Rs.) |
-- |
-- |
-- |
|
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
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.13
|
3.32 |
3.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.13 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.44
|
2.93 |
3.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.34
|
4.11 |
2.09 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS
The working of the Company has resulted in a Profit before Tax of Rs. 4.218 millions. After providing
for Income Tax of Rs. 1.320 millions for
current year and deferred tax liability of Rs. 0.029 million transferring Rs. 2.500 millions to General Reserve and adding thereto brought
forward balance in Profit and Loss Account of Rs. 1.802 millions a total surplus of 2.170 millions has been carried forward.
Particulars with respect to conservation of energy, technology adoptions
do not appear to be applicable for the year under review.
FIXED ASSETS
·
Computers
·
Factory Building
·
Furniture and
Fixtures
·
Leasehold Land
·
Plant and Machinery
·
Scooters
·
Commercial vehicle
FORM 8
|
Corporate
identity number of the company |
U74899DL1986PTC024164 |
|
Name of the
company |
TAURUS PACKAGING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
56A / 13 Rama Road, Industrial Area, New Delhi 110015, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Others –
Corporate Guarantee |
|
Particular of
charge holder |
State Bank of India, B-4/7, Prince Road, Model Town – I, Delhi 110009,
India Email: ak.avilashi@sbi.co.in
|
|
Nature of instrument
creating charge |
Agreement of
Guarantee-SME-3-Corporate Guarantee for term loan to M/s Taurus
Thermoplastics Private Limited |
|
Date of
instrument Creating the charge |
02.02.2012 |
|
Amount secured by
the charge |
Rs. 65.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and operation of the charge As per the terms
of Guarantee Agreement |
|
Short particulars
of the property charged (Including location of the property) |
Not applicable |
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.50.92 |
|
|
1 |
Rs.81.21 |
|
Euro |
1 |
Rs.67.85 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.