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Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered
Office : |
98, Jolly Maker
Chambers No.2, 225, Nariman Point, Mumbai 400 021, |
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Country : |
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Year of
Establishment : |
Not Divulged |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
Partnership concern with an unlimited liability of the partners |
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Line of Business
: |
Manufacturer of Cast Polypropylene (CPP) Films and Barrier
Laminates. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
Mr. Nilesh Patki (Manager) denied to disclose any information about
the subject concern. No further information could be made available. Initially, subject can be considered for business dealings on a safe
and secured trade terms and conditions. Note: Mr. Nilesh Patki (Manager) told that they don’t want to do any
business in |
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
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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 DECLINED BY
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Name : |
Mr. Nilesh Patki |
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Designation : |
Manager |
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Contact No.: |
91-251-3081200 |
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Date : |
22.05.2012 |
LOCATIONS
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Registered Office/ Head Office : |
98, Jolly Maker
Chambers No.2, 225, Nariman Point, Mumbai 400 021, |
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Tel. No.: |
91-22-30011700 |
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Fax No.: |
91-22-22023774 |
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E-Mail : |
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Website : |
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Mumbai Factory : |
B-84, MIDC Anand
Nagar, Additional Ambernath, District Thane – 421 506, |
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Tel. No.: |
91-251-3081200,
2620004, 2621246, 2621979 |
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Fax No.: |
91-251-2621978 |
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E-Mail : |
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Commercial Office : |
202, A – Wing, Sector
– 15, The Great Eastern Summit, CBD Belapur, Navi Mumbai - 400 614, |
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Tel. No.: |
91-22-39211400 |
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Fax No.: |
91-22-39211430 |
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International Office : |
Positive Packaging
5th
Floor, |
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Tel. No.: |
+ 44
(0) 20 7935 7124 |
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Fax No.: |
+ 44
(0) 20 7935 6495 |
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E-Mail : |
PARTNERS
Partner’s Name - Not Divulged
KEY EXECUTIVES
|
Name : |
Mr. Nilesh Patki |
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Designation : |
Manager |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Cast Polypropylene (CPP) Films and Barrier
Laminates. |
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Products : |
CPP range
includes: v
Transparent v
Opaque v
Metallisable / Metallised Films |
GENERAL INFORMATION
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No. of Employees : |
Information declined by the management |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
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Associates : |
Acuprint Systems
Address: Plot No. V-26, MIDC Taloja Industrial Area, District Raigad -
410 208, Tel. No.: 91-22-39211600 Fax No.: 91-22-39211610 E-Mail: acuprint@acuprintsystems.com Website: www.acuprintsystems.com Acuprint Systems Address: Plot No.21-23, Tel. No.: 91-80-30565000 Fax No.: 91-80-30565100 E-Mail: marketingblr@acuprintsystems.com Positive
Packaging Industries Address: Village Ransai, Km. 16, Khopoli - Pen Road, P.B No.37,
Taluka, Khalapur, Khopoli – 410 203, Maharashtra, India Tel. No.: 91-2192-391300 Fax No.: 91-2192-391310 E-Mail: factory@positivepackaging.com / positive@positivepackaging.com
Website: www.positivepackaging.com Sai Metaplast Address: Plot No.L-19, MIDC Taloja Industrial Area, Taluka Panvel,
District Raigad - 410 208, Tel. No.: 91-22-39212000 Fax No.: 91-22-39212020 E-Mail: saimet@saimetaplast.com Website: www.saimetaplast.com Fine Chemicals Nigeria Limited Address: Tel. No.: + 234 1 7741345 Fax No.: + 234 1 2719409 E-Mail: cylinders@finechemicalsltd.com Positive Packaging Industries Nigeria Limited Address: Plots L and K, Block 1, Ilupeju Industrial
Estate, P.O. Box No. 2701( Tel. No.: + 234 1 496 8340/1, 7927300 Fax No.: + 234 1 496 8342, 555 0580 E-Mail: marketing@positivenigeria.com U.A.E.
OPERATIONS Positive Packaging United (M.E) FZCO, certified under
BRC, has rotogravure and flexographic printing Address: Tel. No.: + 971 4 881 5111 Fax No.: + 971 4 881 5572 E-Mail: positive@positivedubai.com Website: www.positivedubai.com Positive Packaging Middle East (LLC) [Formerly Address: Tel. No.: + 971 4 885 3411 Fax No.: + 971 4 885 3422 E-Mail: positive@positivedubai.com Website: www.positivedubai.com Positive Packaging (M.E.) (FZE) Address: Tel. No.: + 971 6 557 2866 Fax No.: + 971 6 557 5047 E-Mail: positive@positivedubai.com Website: www.positivedubai.com Primetech (M.E.) FZCO Address: Plot No.S11305, P.O. Box: 17032, Jebel Ali Free Zone, Tel. No.: + 971 4 886 1242 Fax No.: + 971 4 886 1243 E-Mail: primetech@primetechdubai.com Website: www.primetechdubai.com |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been declined by Mr. Nilesh Patki (Manager).
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1) Year of
Establishment |
No |
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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 |
No |
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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 |
No |
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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 |
No |
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16) Details of
sister concerns |
Yes |
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17) Major
suppliers |
No |
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18) Major
customers |
No |
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19) Payments
terms |
No |
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20) Export /
Import details (if applicable) |
No |
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21) Market
information |
-- |
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22) Litigations
that the firm / promoter involved in |
-- |
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23) Banking
Details |
No |
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24) Banking
facility details |
No |
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25) Conduct of
the banking account |
-- |
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26) Buyer visit
details |
-- |
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27) Financials,
if provided |
No |
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28) Incorporation
details, if applicable |
No |
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29) Last accounts
filed at ROC |
No |
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30) Major
Shareholders, if available |
No |
WEBSITE DETAILS:
PROFILE:
Subject manufactures Cast Polypropylene (CPP) films and barrier laminates and
is a part of the Enpee Group, an international conglomerate, having
manufacturing facilities in
Subject is ISO 9001:2000 and BRC / IoP (British Retail Consortium /
Subject is strategically located on the outskirts of Mumbai, the commercial
capital of
Subject manufactures a variety of specialised films for high barrier, high seal
strength and other specialty applications.
In-house R and D, a
fully equipped laboratory with rigorous process controls, quality testing and
inspection, have been the key to a rich and varied satisfied customer base.
Being a part of the
Positive Packaging Group gives subject a
distinct cutting edge of having cylinder engraving, barrier metallising and
polyethylene film manufacturing within its fold. Subject on its part, lends synergy to the
group's packaging activities.
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.55.93 |
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|
1 |
Rs.88.15 |
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Euro |
1 |
Rs.70.87 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
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Report Prepared
by : |
SMN |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.