1. Summary Information
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|
Country |
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Company Name |
AMEET METAPLAST
PRIVATE LIMITED |
Principal Name 1 |
Mr. Kautik Motiram Ahire |
|
Status |
Recently
Commenced Business |
Principal Name 2 |
Ms. Rohini Kautik Ahire |
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|
|
Registration # |
11-179716 |
|
Street Address |
C/o. Shivanand
Industries, Plot No. C-12/3, NICE Area, ‘A’ Road, MIDC, Satpur, Nashik –
422007, |
||
|
Established Date |
05.03.2008 |
SIC Code |
-- |
|
Telephone# |
91-253-2353618 / 2350618 / 2360693 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-253-2351438 /2363735 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
PVC Heat
Shrinkable Label |
|
|
# of employees |
50
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1,000,000 /- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100.00% |
Banking |
Bank of |
|
Public Limited Corp. |
No |
Business Period |
4 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca (11) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister
Concern |
-- |
Ameet Polyfilms Private
limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
19,628,000 |
Current Liabilities |
8,576,000 |
|
Inventories |
2,002,000 |
Long-term Liabilities |
73,959,000 |
|
Fixed Assets |
88,013,000 |
Other Liabilities |
242,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
82,777,000 |
|
Invest& other Assets |
7,043,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
33,909,000 |
|
Total Assets |
116,686,000 |
Total Liab. & Equity |
116,686,000 |
|
Total Assets (Previous Year) |
95,036,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
NA |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
NA |
|
Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMEET METAPLAST PRIVATE LIMITED |
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Registered
Office : |
C/o. Shivanand Industries, Plot No. C-12/3, NICE Area, ‘A’ Road, MIDC,
Satpur, Nashik – 422007, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
05.03.2008 |
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Com. Reg. No.: |
11-179716 |
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Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
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CIN No.: [Company Identification
No.] |
U27320MH2008PTC179716 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of
PVC Heat Shrinkable Label, Special Grade Insulation Film and Bopp Label. |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Recently Commenced Business |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Thought the company incorporated in the year 2008 the company has recently
Commenced its commercial operation from the January 2012. Trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings on a secured trade
terms and condition. |
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) |
|
|
A1 |
A1 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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. Nilesh |
|
Designation : |
Chief Executive Officer |
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Contact No.: |
91-9921909991 |
|
Date : |
19.05.2012 |
LOCATIONS
|
Registered / Marketing Office : |
C/o. Shivanand Industries, Plot No. C-12/3, NICE Area, ‘A’ Road, MIDC,
Satpur, Nashik – 422007, Maharashtra, India
|
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Tel. No.: |
91-253-2360693 / 2350582 |
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Mobile No.: |
91-9921909991 (Mr. Nilesh) |
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Fax No.: |
91-253-2363735 |
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Email: |
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Website : |
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Location: |
Owned |
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Factory: |
Plot No- 70/1, E- Road, MIDC,
Satpur, Nasik - 422007, Maharashtra, India |
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Tel. No.: |
91-253-2350271 / 2350371 |
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Fax No.: |
91-253-2350538 |
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E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Kautik Motiram Ahire |
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Designation : |
Director |
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Address : |
11, Vidyasagar Co- Housing Society, Near Narsingh Nagar, Nashik –
422013, Maharashtra, India |
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Date of Birth/Age : |
01.06.1961 |
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Date of Appointment : |
05.03.2008 |
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DIN No. : |
00099025 |
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Other
Directorship:
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Name : |
Ms. Rohini Kautik Ahire |
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Designation : |
Director |
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Address : |
11, Vidyasagar Co- Housing Society, Near Narsingh Nagar, Nashik –
422013, Maharashtra, India |
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Date of Birth/Age : |
22.01.1967 |
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Date of Appointment : |
05.03.2008 |
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DIN No. : |
00099001 |
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Other
Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Nilesh |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Kautik Motiram Ahire |
|
5000 |
|
Rohini Kautik Ahire |
|
5000 |
|
|
|
|
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Total |
|
10000 |
As on 10.01.2012
|
Names of Allotees |
|
No. of Shares |
|
Kautik Motiram Ahire |
|
141000 |
|
Rohini Kautik Ahire |
|
107000 |
|
Nilesh Kautik Ahire |
|
16000 |
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Total |
|
264000 |
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 PVC
Heat Shrinkable Label, Special Grade Insulation Film and Bopp Label. |
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Exports : |
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Products : |
·
PVC
Heat Shrinkable Label ·
Special
Grade Insulation Film ·
Bopp
Label. |
|
Countries : |
·
Middle East ·
Asian Countries ·
Africa Countries |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Reliance Industries |
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|
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Customers : |
Wholesalers and Retailers ·
Dabur India ·
A.B.D. Limited ·
Indian Oil Corporation
Limited ·
Bharat Petroleum
Corporation Limited ·
Colgate ·
Cargill Foods ·
Piramal Healthcare
Limited ·
BPL Limited ·
Gujrat Ambuja Export
Limited ·
Karnataka Soaps and
detergent ·
Agrotech Foods ·
Bayer ·
Dabur India Limited ·
Johnson and Johnson ·
Hindustan Coca-Cola
Beverages Private Limited ·
Lupin Limited ·
Ewac Alloys ·
GSK Smithkline (Nashik) ·
Pidilite ·
Pesticides India
Industries Limited ·
FDC Limited ·
Glenmark Pharmaceuticals
Limited |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Bank of Maharashtra, SSI Branch, 44/13, D-Road, MIDC, Satpur, Nashik –
422007, Maharashtra, India |
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Facilities : |
CC Tl Rs, 45.000 Millions (Rs. in Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Kayde and Associates Chartered Accountants |
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Address : |
Flat No. 3, Navkar Residency, Racca Colony, Sharanpur Road, Nashik –
422002, Maharashtra, India |
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PAN.: |
AARPK6204D |
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Sister Concern : |
Ameet Polyfilms Private limited |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
400000 |
Equity Shares |
Rs.100/- each |
Rs.40.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
274000 |
Equity Shares |
Rs.100/-
each |
Rs.27.400
Millions |
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As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
400000 |
Equity Shares |
Rs.100/- each |
Rs.40.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
10000 |
Equity Shares |
Rs.100/-
each |
Rs.1.000
Million |
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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 |
40.143 |
41.397 |
44.383 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
(7.234) |
0.000 |
0.000 |
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NETWORTH |
33.909 |
42.397 |
45.383 |
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LOAN FUNDS |
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1] Secured Loans |
73.959 |
47.916 |
10.924 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
73.959 |
47.916 |
10.924 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
107.868 |
90.313 |
56.307 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
88.013 |
71.065 |
7.757 |
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Capital work-in-progress |
0.000 |
0.000 |
47.188 |
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INVESTMENT |
0.250 |
0.250 |
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 |
2.002
|
0.000 |
0.000 |
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Sundry Debtors |
9.660
|
0.000 |
0.000 |
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Cash & Bank Balances |
1.472
|
0.021 |
0.414 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
8.496
|
15.011 |
0.000 |
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Total
Current Assets |
21.630
|
15.032 |
0.414 |
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
|
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|
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Sundry Creditors |
8.568
|
0.583 |
0.496 |
|
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Other Current Liabilities |
0.008
|
1.120 |
0.237 |
|
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Provisions |
0.242
|
0.020 |
0.010 |
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Total
Current Liabilities |
8.818
|
1.723 |
0.743 |
|
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Net Current Assets |
12.812
|
13.309 |
(0.329) |
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MISCELLANEOUS EXPENSES |
6.793 |
5.689 |
1.691 |
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TOTAL |
107.868 |
90.313 |
56.307 |
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Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
30.000
(Startes Activity from Jan 12) |
Expected Sales (2012-2013): Rs.100.000 millions
The above information has been parted by Mr. Nilesh – Chief Executive
Officer
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.26
|
0.04 |
0.02 |
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|
|
|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
2.45
|
8.72 |
0.56 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
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 |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last one year |
Yes |
|
12) Profitability for last two years |
No |
|
13) Reasons for variation <> 20% |
Yes |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
Yes |
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18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
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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 |
Note: As the construction activity is now over, the company
is planning to start the commercial production from F.Y 2011-2012.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U27320MH2008PTC179716 |
|
Name of the company |
AMEET METAPLAST
PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Plot No. G-23,
MIDC Area, Satpur, Nashik – 422007, Maharashtra, India Email: prashantisbzi@yahoo.co.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the
charge to be modified |
10146444 |
|
Type of charge |
Immovable
property Book debts |
|
Particular of charge holder |
Bank of Maharashtra,
SSI Branch, 44/13, D-Road, MIDC, Satpur, Nashik – 422007, Maharashtra, India Email: bom166@mahabank.co.in |
|
Nature of instrument creating charge |
Composite deed
of hypothecation for all facilities Agreement Dated:
21-10-2009 |
|
Date of instrument Creating the charge |
21.10.2009 |
|
Amount secured by the charge |
Rs. 104.000
Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Rate of interest is BPLR + 1% i.e. 13.75% pa. for cash credit and term
loan. Terms of Repayment Monthly instalment of Rs.1.315 Millions + intt within stipulated
period. 1st instalment due is April 2010 and the last instalment due on Sept
2015. Total repayment period is 66 months. Margin For Cash Credit- 25% in Bank,s favour For Term Loan-25% in bank's favour Extent and Operation of the charge The Loan Amount Is ; 1) Cash Credit - Rs. 25.000 Millions 2) Term Loan - Rs. 79.000
Millions ------------------------------------------------- Total - Rs.104.000 Millions Others As Per More
Sepcifically Mentioned Into Loan Agreement Dtd. 21-10-2009 and 28-02-2009. |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
Stock, Book
Debts and Plant and Machinery. And More
Particularly Shown In Agreement DATED: 21-10-2009. Land and
building -Plot No.70/1 in MIDC Satpur Nashik (M.S.)-422007 |
|
Date of instrument modifying the charge |
28.02.2009 |
|
Particulars of the present modification |
Moratorium
period is change from- upto Sept 09 to march 2010. And repayment period is
change from 72 months to 66 months. Therefore 1st instalment due on april
2010 and last instalment due on Sept 2015 and more particularly shown in
agreement dated: 21-10-2009. |
TRADE REFERENCE
·
Reliance Industries
·
Dabur India
FIXED ASSETS
·
Building
·
Factory Land
·
Plant and Machinery
·
Electrical Installation
·
Tools and Equipments
·
Office Equipments
·
Furniture and Fixture
·
Computers
AS PER WEBSITE DETAILS
COMPANY
Ameet Group began
its journey in 1987, and is a composite group with total manufacturing
facilities available in-house with Sales turnover around Rs.150.000 Millions
and Their Products also satisfies the quality standards as per the ISO and other equivalent Standards.
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.56.28 |
|
|
1 |
Rs.88.25 |
|
Euro |
1 |
Rs.70.81 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
|
11 |
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.