|
Report Date : |
06.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
CARRY WELL PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-1/96, Pushpanjali, Vikas Marg, Delhi-110092 |
|
|
|
|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
13.02.2012 |
|
|
|
|
Com. Reg. No.: |
55-231426 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.095 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21014DL2012PTC231426 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELC12671B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Paper Bags |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company established itself gradually. Company have
started their business activity from August 2012 and expecting sizable
turnover. Business is active. Payments terms are unknown. The company can be considered for business dealings on a safe and
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
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 |
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 : |
Ms. Ritika |
|
Designation : |
Director |
|
Contact No.: |
91-9999937608 |
|
Date : |
05.09.2012 |
LOCATIONS
|
Registered Office : |
C-1/96, Pushpanjali, Vikas Marg, Delhi-110092, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9999937608 (Ms. Ritika) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
476, Patpargunj Industrial Area, Delhi-110092, India |
DIRECTORS
|
Name : |
Mr. Rakesh Bansal |
|
Designation : |
Director |
|
Address : |
C-1/96, Pushpanjali, Vikas Marg, Delhi-110092, India |
|
Date of Birth/Age : |
20.08.1958 |
|
Date of Appointment : |
13.02.2012 |
|
DIN No.: |
00009463 |
Other Directorship:
|
S.No.
|
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25202DL1996PLC081036 |
IMAGINATIVE
FLEXIPACKS LIMITED |
Director |
08/08/1996 |
08/08/1996 |
Active |
NO |
|
2 |
U55101DL2008PTC174174 |
SSR
RESTAURANTS PRIVATE LIMITED |
Additional
director |
17/01/2011 |
17/01/2011 |
Strike
off |
NO |
|
3 |
U21014DL2012PTC231426 |
CARRY
WELL PACKAGING PRIVATE LIMITED |
Director |
13/02/2012 |
13/02/2012 |
Active |
NO |
|
Name : |
Ms. Sangeeta Bansal |
|
Designation : |
Director |
|
Address : |
C-1/96, Pushpanjali, Vikas Marg, Delhi-110092, India |
|
Date of Birth/Age : |
09.05.1962 |
|
Date of Appointment : |
13.02.2012 |
|
DIN No.: |
00009426 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25202DL1996PLC081036 |
IMAGINATIVE
FLEXIPACKS LIMITED |
Director |
08/08/1996 |
08/08/1996 |
Active |
NO |
|
2 |
U21014DL2012PTC231426 |
CARRY
WELL PACKAGING PRIVATE LIMITED |
Director |
13/02/2012 |
13/02/2012 |
Active |
NO |
|
Name : |
Ms. Ritika Bansal |
|
Designation : |
Director |
|
Address : |
C-1/96, Pushpanjali, Vikas Marg, Delhi-110092, India |
|
Date of Birth/Age : |
24.07.1985 |
|
Date of Appointment : |
13.02.2012 |
|
DIN No.: |
05171496 |
|
|
|
|
Name : |
Mr. Amitanshu Agarwal |
|
Designation : |
Director |
|
Address : |
72, Sahukara, Pilibhit-262001, Uttar Pradesh, India |
|
Date of Birth/Age : |
02.02.1985 |
|
Date of Appointment : |
13.02.2012 |
|
DIN No.: |
05171495 |
|
|
|
|
Name : |
Mr. Ashwani Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
72, Sahukara, Pilibhit-262001, Uttar Pradesh, India |
|
Date of Birth/Age : |
03.04.1963 |
|
Date of Appointment : |
13.02.2012 |
|
DIN No.: |
05170386 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 06.02.2012
|
Names of Shareholders |
No. of Shares |
|
Rakesh Bansal |
2500 |
|
Sangeeta Bansal |
2500 |
|
Ritika Bansal |
1000 |
|
Ashwani Kumar Agarwal |
1000 |
|
Ashwani Kumar Agarwal |
1500 |
|
Bhagwat Agrawal |
1500 |
|
TOTAL
|
10000 |
AS ON 09.03.2012
|
Names of Allotees |
No. of Shares |
|
Rakesh Bansal |
22500 |
|
Sangeeta Bansal |
22500 |
|
Ritika Bansal |
9000 |
|
Amitanshu Agarwal |
9000 |
|
Ashwani Kumar Agarwal |
13500 |
|
SHRAVAN Kumar |
13500 |
|
TOTAL
|
90000 |
AS ON 15.03.2012
|
Names of Allotees |
No. of Shares |
|
Rational Steels And Alloys Private Limited, India |
1000 |
|
Artha Software Private Limited, India |
1000 |
|
Innovist India Private Limited, India |
1000 |
|
Maggot Impex Private Limited, India |
1000 |
|
Garnet Textile Private Limited, India |
500 |
|
Coronet Telecom Private Limited, India |
1000 |
|
Zesty Constructions Private Limited, India |
1000 |
|
Orator Marketing Private Limited, India |
1000 |
|
Om Jai Jagdish Infrastructure Private Limited, India |
1000 |
|
Oxygen Projects Private Limited, India |
1000 |
|
TOTAL
|
9500 |
AS ON 06.02.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Paper Bags |
|
|
|
|
Products : |
Paper Bag Types ·
Horizontal ·
Vertical ·
Square Types of Handle ·
Twisted Paper Rope ·
Flat Paper Handle ·
Die Cut Handle ·
Rope Handle with Rivets ·
Rope Handle without Rivets ·
Ribbon Handles with / without Rivets |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Advance |
|
|
|
|
Purchasing : |
L/C, Advance |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers ·
Corporate |
|
|
|
|
No. of Employees : |
40 (Approximately) |
|
|
|
|
Bankers : |
·
Oriental Bank of Commerce, 43, S C O Basant Lok,
Vasant Vihar, New Delhi-110057, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vijay Kapor and Company Chartered Accountant |
|
Address : |
India |
|
|
|
|
Sister Concern : |
·
Imaginative Flexipack Limited ·
Pack Well Industries |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
109500 |
Equity Shares |
Rs.10/- each |
Rs. 1.095
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
New Company
Expected Sales (2012-2013) : Rs. 30.000 Millions
The above information has been parted by Ms. Ritika.
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 |
No |
|
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
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
no |
|
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 |
|
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 |
No |
FORM 8
|
Corporate
identity number of the company |
U21014DL2012PTC231426 |
|
Name of the
company |
CARRY WELL
PACKAGING PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
C-1/96, Pushpanjali, Vikas Marg, Delhi-110092, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Immovable
property ·
Movable
property (not being pledge) ·
Others |
|
Particular of
charge holder |
Oriental Bank of Commerce, 43, S C O Basant Lok, Vasant Vihar, New Delhi-110057, India |
|
Nature of
instrument creating charge |
(A)
Doc-5-Agreement of Term Loan of Rs. 27.000 Millions (Sublimit For Import Letter
of Credit-DP of Rs220.00lacs) |
|
Date of
instrument Creating the charge |
04.06.2012 |
|
Amount secured by
the charge |
Rs. 27.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest (a) BR+3.50i.e14%
(bank's Sprd) (lnkd with BR, Prsntly BR 10.50%) monthly rest. Penal interest
@2% p.a. Over and above the applicable rate of interest on overdue portion. Terms of repayment (a) 73 Monthly
Installments Excluding 10 Month Moratorium Margin (a) 25% Extent and operation of the charge First charge in
favour of oriental bank of commerce,43 SCO Basant Lok, New Delhi Branch-(a)
TL-hypothecation of imported/ indageneous plant and machinery amounting to
Rs.36.385 Millions. Other As stipulated by
the bank in the agreements Dated. 04.06.2012 |
|
Short particulars
of the property charged (Including location of the property) |
Tl-Hypothecation
of Imported/Indageneous Plant and Machinery Amounting To Rs.36.385 Millions
Situated At 476, Patparganj, Industrial Area, New Delhi -92. Collateral
Security Eqm of Residential House No.C-1/96, At Central Revenue Chbs Limited
Known As Pushpanjali,Delhi-92 In The Name of Mrs. Sangeeta Bansal and Mr.
Rakesh Bansal, Director of The Company Having M.V.Is Rs 106.600 Millions And
R.V. is Rs. 85.000 Millions As Per Valuation Report of Suresh Malik and
Associates Dtd.21.05.2012 Facilities Shall
Be Further Collactrally Secured By Way of First Charge Over Entire Fixed
Assets Of The Company Existing As Well As Future The Credit
Facilities Shall Also Be Collateral Secured By The Third Party Personal
Guarantee of The Directors of The Company I.E Rakesh Bansal, Sangeeta Bansal,
Ashwani Agarwal, Shrvan Agarwal, Amitanshu Agarwal and Ritika Bansal |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. |
Yes |
|
If yes, in whose
name it is registers |
Mr. Rakesh Bansal
and Mrs. Sangeeta Bansal |
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. 55.89 |
|
|
1 |
Rs. 88.63 |
|
Euro |
1 |
Rs. 70.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
DPT |
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.