|
Report Date : |
01.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
SWASHTHIK PREFORMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.A-73 and A-74, PIPDIC Electronic Park Industrial Estate, Thirubuvanai,
Mannadipet Commune, Pondicherry – 605107, Pondicherry |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
03.05.2011 |
|
|
|
|
Com. Reg. No.: |
002577 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.40.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209PY2011PTC002577 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pet Preforms, Plastic Pet Preforms, Pharmaceuticals
Pet Preforms etc. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as a partnership concern in the year 2007 with
the name of Swashthik Preforms and recently during May, 2011, it got converted
into a private limited company. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
B+ (Long term Loan) |
|
Rating Explanation |
Having high risk of default regarding timely
servicing of financial obligations. |
|
Date |
12.12.2011 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Ramnath Ashok |
|
Designation : |
Director |
|
Contact No.: |
91-9381541887 |
|
Date : |
31.08.2012 |
LOCATIONS
|
Registered Office/ Factory : |
No.A-73 and A-74, PIPDIC Electronic Park Industrial Estate,
Thirubuvanai, Mannadipet Commune, Pondicherry – 605107, Pondicherry, India |
|
Tel. No.: |
91-413-2640966/ 2640955/ 2640002 |
|
Mobile No.: |
91-9381541887 (Mr. Ramnath Ashok) |
|
Fax No.: |
91-413-2640955 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
22000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Ramnath Ashok |
|
Designation : |
Managing Director |
|
Address : |
No.13, 4th Cross, Ganagalakshmi Appartment, Rajaji Nagar,
Lawspet (P/S) Puducherry – 605008, Pondicherry, India |
|
Date of Birth/Age : |
05.03.1959 |
|
Date of Appointment : |
01.07.2011 |
|
DIN No.: |
03459934 |
|
|
|
|
Name : |
Mrs. Asha Jain Ravindra Kumar |
|
Designation : |
Director |
|
Address : |
16, Dr. Alagappa Road, Purasawakkam, Chennai – 600084, Tamilnadu,
India |
|
Date of Birth/Age : |
15.12.1971 |
|
DIN No.: |
03173991 |
|
|
|
|
Name : |
Mrs. Soniya Ranjitmal |
|
Designation : |
Director |
|
Address : |
23, Ward 28, Narasingapuram Neduntheru, Viluppuram (T), Viluppuram –
605602, Tamilnadu, India |
|
Date of Birth/Age : |
01.01.1979 |
|
DIN No.: |
03343885 |
|
|
|
|
Name : |
Mr. Misrilal A. Parasmal |
|
Designation : |
Director |
|
Address : |
New No.45, Old No.16, Dr. Allagappa Road, Chennai – 600084, Tamilnadu,
India |
|
Date of Birth/Age : |
10.03.1944 |
|
DIN No.: |
00666832 |
|
|
|
|
Name : |
Mr. Manendra Kumar Nirmala |
|
Designation : |
Director |
|
Address : |
16, Dr. Alagappa Road, Purasawakkam, Chennai – 600084, Tamilnadu,
India |
|
Date of Birth/Age : |
18.06.1968 |
|
DIN No.: |
03174030 |
|
|
|
|
Name : |
Mr. Ramnath Ashok Pappa |
|
Designation : |
Director |
|
Address : |
No.13, 4th Cross, Ganagalakshmi Appartment, Rajaji Nagar,
Lawspet (P/S) Puducherry – 605008, Pondicherry, India |
|
Date of Birth/Age : |
13.06.1964 |
|
DIN No.: |
03346878 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 01.04.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ramnath Ashok Pappa |
|
400000 |
|
Manendra Kumar Nirmala |
|
1400000 |
|
P. Asha Jain |
|
1400000 |
|
Soniya Ranjitmal |
|
400000 |
|
M. Parasmal |
|
80000 |
|
P. Ravindra Kumar |
|
80000 |
|
P. Dharmendra Kumar |
|
80000 |
|
Ramnath Ashok |
|
80000 |
|
C. Vijaykumar |
|
80000 |
|
|
|
|
|
Total |
|
4000000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pet Preforms, Plastic Pet Preforms, Pharmaceuticals
Pet Preforms etc. |
|
|
|
|
Imports : |
|
|
Products : |
Machinery |
|
Countries : |
· Malaysia · China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
· Reliance Industries Limited |
|
|
|
|
Customers : |
End Users · Jyoti Laboratory |
|
|
|
|
No. of Employees : |
200 (Approximately) |
|
|
|
|
Bankers : |
· State Bank of India No.27, Kamarajsalai, Pondicherry – 605011, Pondicherry, India |
|
|
|
|
Facilities : |
CC – Rs.5.000 Millions/ TL – Rs.10.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra,
India |
|
|
|
|
Auditors : |
|
|
Name : |
R. C. Daga Consultancy Chartered Accountant |
|
Address : |
Pondicherry, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
|
Particulars |
|
2011-12 |
2010-11 |
|
Sales Turnover (Approximately) |
|
270.000 |
300.000 |
|
|
|
|
|
Expected Sales (2012-13): Rs.350.000 Millions
The above information has been parted by Mr. Ramnath Ashok.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes
/ No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
TRADE REFERENCE:
· Reliance Industries Limited
· Jyoti Laboratory
FORM 8:
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U25209PY2011PTC002577 |
|
Name of the
company |
SWASHTHIK
PREFORMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. A73 - A74,
PIPDIC Electronic Park, Thriubuvanai, Mannadipet Commune, Puducherry, Pondicherry – 605107,
India |
|
Type of charge |
Movable Property
(not being pledge) |
|
Particular of
charge holder |
· Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra,
India CIN No.: U67100MH2010PLC210201 |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Undertaking dated 19.05.2012 of Swashthik Preforms Private Limited along with
Deep of Hypothecation and Deed of further charge by extension of
Hypothecation of Swashthik Preforms which was converted as Private Limited
Company under Part IX of the Companies Act, 1956. |
|
Date of
instrument Creating the charge |
19/05/2012 |
|
Amount secured by
the charge |
Rs.20.600
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As mutually
agreed between Tata Capital Financial Services Limited and the Borrower from
time to time Terms of
Repayment As mutually
agreed between Tata Capital Financial Services Limited and the Borrower from
time to time Margin N.A Extent and
Operation of the charge The charge
extends to the due repayment of the loan of Rs.20.600 Millions including
interest, additional interest, costs, charges, expenses and all other monies
payable by the Borrower. |
|
Short particulars
of the property charged |
1. L&T Demag
Injection Moulding Machine-ACE 250/630-2300 2. L&T-PS
Series Portable Chillers-PSA 20 3. L&T-True
Tempo Series Water TCU-1000U 4.
L&T-Dryers-WD 350 Series High Capacity 5. Injection
Mold-32 Cavity Pet Perform-Hot Runner 6. Side Entry
Robot 7. Mold
Dehumidifier 8. EOT-Crane 2
Ton, Class II, 7, 5M Span Singh Girder 9. Kaeser
Compressors 10.
Transformer-500KVA/22KV/493V 11. Main Panel
and Sub Panel 12. Deh Air
Dryer-FDI-180 ACC-PRE Filter-FTR-150 PF 100 IOL Filter FTR-150 |
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.55.72 |
|
|
1 |
Rs.87.95 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
31 |
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 |
- |
|
Prepared for : |
BASIS CORPORATION – MALAYSIA |
|
|
|
|
Your Ref. No.: |
79728 |
|
Report No. : |
191858 |
|
Report Date : |
01.09.2012 |
INQUIRY DETAILS
|
Given Name : |
SWASHTHIK PREFORMS PVT LTD |
|
|
|
|
Given Address : |
A 73 & A 74 PIPDIC ELECTRONIC PARK THIRUBUVANAI, PONDICHERRY INDIA
|
IDENTIFICATION DETAILS
|
Name : |
SWASHTHIK PREFORMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.A-73 and A-74, PIPDIC Electronic Park Industrial Estate,
Thirubuvanai, Mannadipet Commune, Pondicherry – 605107, Pondicherry |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation
: |
03.05.2011 |
|
|
|
|
Com. Reg. No.: |
002577 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.40.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209PY2011PTC002577 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pet Preforms, Plastic Pet Preforms, Pharmaceuticals
Pet Preforms etc. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as a partnership concern in the year 2007 with
the name of Swashthik Preforms and recently during May, 2011, it got
converted into a private limited company. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
B+ (Long term Loan) |
|
Rating Explanation |
Having high risk of default regarding timely
servicing of financial obligations. |
|
Date |
12.12.2011 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Ramnath Ashok |
|
Designation : |
Director |
|
Contact No.: |
91-9381541887 |
|
Date : |
31.08.2012 |
LOCATIONS
|
Registered Office/ Factory : |
No.A-73 and A-74, PIPDIC Electronic Park Industrial Estate, Thirubuvanai,
Mannadipet Commune, Pondicherry – 605107, Pondicherry, India |
|
Tel. No.: |
91-413-2640966/ 2640955/ 2640002 |
|
Mobile No.: |
91-9381541887 (Mr. Ramnath Ashok) |
|
Fax No.: |
91-413-2640955 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
22000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Ramnath Ashok |
|
Designation : |
Managing Director |
|
Address : |
No.13, 4th Cross, Ganagalakshmi Appartment, Rajaji Nagar,
Lawspet (P/S) Puducherry – 605008, Pondicherry, India |
|
Date of Birth/Age : |
05.03.1959 |
|
Date of Appointment : |
01.07.2011 |
|
DIN No.: |
03459934 |
|
|
|
|
Name : |
Mrs. Asha Jain Ravindra Kumar |
|
Designation : |
Director |
|
Address : |
16, Dr. Alagappa Road, Purasawakkam, Chennai – 600084, Tamilnadu, India
|
|
Date of Birth/Age : |
15.12.1971 |
|
DIN No.: |
03173991 |
|
|
|
|
Name : |
Mrs. Soniya Ranjitmal |
|
Designation : |
Director |
|
Address : |
23, Ward 28, Narasingapuram Neduntheru, Viluppuram (T), Viluppuram –
605602, Tamilnadu, India |
|
Date of Birth/Age : |
01.01.1979 |
|
DIN No.: |
03343885 |
|
|
|
|
Name : |
Mr. Misrilal A. Parasmal |
|
Designation : |
Director |
|
Address : |
New No.45, Old No.16, Dr. Allagappa Road, Chennai – 600084, Tamilnadu,
India |
|
Date of Birth/Age : |
10.03.1944 |
|
DIN No.: |
00666832 |
|
|
|
|
Name : |
Mr. Manendra Kumar Nirmala |
|
Designation : |
Director |
|
Address : |
16, Dr. Alagappa Road, Purasawakkam, Chennai – 600084, Tamilnadu,
India |
|
Date of Birth/Age : |
18.06.1968 |
|
DIN No.: |
03174030 |
|
|
|
|
Name : |
Mr. Ramnath Ashok Pappa |
|
Designation : |
Director |
|
Address : |
No.13, 4th Cross, Ganagalakshmi Appartment, Rajaji Nagar,
Lawspet (P/S) Puducherry – 605008, Pondicherry, India |
|
Date of Birth/Age : |
13.06.1964 |
|
DIN No.: |
03346878 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 01.04.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ramnath Ashok Pappa |
|
400000 |
|
Manendra Kumar Nirmala |
|
1400000 |
|
P. Asha Jain |
|
1400000 |
|
Soniya Ranjitmal |
|
400000 |
|
M. Parasmal |
|
80000 |
|
P. Ravindra Kumar |
|
80000 |
|
P. Dharmendra Kumar |
|
80000 |
|
Ramnath Ashok |
|
80000 |
|
C. Vijaykumar |
|
80000 |
|
|
|
|
|
Total |
|
4000000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pet Preforms, Plastic Pet Preforms, Pharmaceuticals
Pet Preforms etc. |
|
|
|
|
Imports : |
|
|
Products : |
Machinery |
|
Countries : |
· Malaysia · China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
· Reliance Industries Limited |
|
|
|
|
Customers : |
End Users · Jyoti Laboratory |
|
|
|
|
No. of Employees : |
200 (Approximately) |
|
|
|
|
Bankers : |
· State Bank of India No.27, Kamarajsalai, Pondicherry – 605011, Pondicherry, India |
|
|
|
|
Facilities : |
CC – Rs.5.000 Millions/ TL – Rs.10.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra,
India |
|
|
|
|
Auditors : |
|
|
Name : |
R. C. Daga Consultancy Chartered Accountant |
|
Address : |
Pondicherry, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
2011-12 |
2010-11 |
|
Sales Turnover (Approximately) |
|
270.000 |
300.000 |
|
|
|
|
|
Expected Sales (2012-13): Rs.350.000 Millions
The above information has been parted by Mr. Ramnath Ashok.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes
/ No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
TRADE REFERENCE:
· Reliance Industries Limited
· Jyoti Laboratory
FORM 8:
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U25209PY2011PTC002577 |
|
Name of the
company |
SWASHTHIK
PREFORMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. A73 - A74,
PIPDIC Electronic Park, Thriubuvanai, Mannadipet Commune, Puducherry, Pondicherry – 605107,
India |
|
Type of charge |
Movable Property
(not being pledge) |
|
Particular of
charge holder |
· Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra,
India CIN No.: U67100MH2010PLC210201 |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Undertaking dated 19.05.2012 of Swashthik Preforms Private Limited along with
Deep of Hypothecation and Deed of further charge by extension of
Hypothecation of Swashthik Preforms which was converted as Private Limited
Company under Part IX of the Companies Act, 1956. |
|
Date of
instrument Creating the charge |
19/05/2012 |
|
Amount secured by
the charge |
Rs.20.600
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As mutually
agreed between Tata Capital Financial Services Limited and the Borrower from
time to time Terms of
Repayment As mutually
agreed between Tata Capital Financial Services Limited and the Borrower from
time to time Margin N.A Extent and
Operation of the charge The charge
extends to the due repayment of the loan of Rs.20.600 Millions including
interest, additional interest, costs, charges, expenses and all other monies
payable by the Borrower. |
|
Short particulars
of the property charged |
1. L&T Demag
Injection Moulding Machine-ACE 250/630-2300 2. L&T-PS
Series Portable Chillers-PSA 20 3. L&T-True
Tempo Series Water TCU-1000U 4.
L&T-Dryers-WD 350 Series High Capacity 5. Injection
Mold-32 Cavity Pet Perform-Hot Runner 6. Side Entry
Robot 7. Mold
Dehumidifier 8. EOT-Crane 2
Ton, Class II, 7, 5M Span Singh Girder 9. Kaeser
Compressors 10.
Transformer-500KVA/22KV/493V 11. Main Panel
and Sub Panel 12. Deh Air
Dryer-FDI-180 ACC-PRE Filter-FTR-150 PF 100 IOL Filter FTR-150 |
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.55.72 |
|
|
1 |
Rs.87.95 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
31 |
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.