|
Report Date : |
01.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROOP POLYMERS LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.05.1996 |
|
|
|
|
Com. Reg. No.: |
55-079003 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.68.471 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101DL1996PLC079003 |
|
|
|
|
Legal Form : |
A closely held public limited liability company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Rubber and Plastic for Auto Components |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2370720 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track. General financial
position of the company is good. Trade relations are fair. Business is
active. Payment are reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BBB (Long Term Bank Facilities) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation. It carry moderate credit risk. |
|
Date |
February, 2013 |
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.
LOCATIONS
|
Registered Office : |
1st Floor, Hasan Building, Near Minerva Cinema, Kashmere Gate,
Delhi-110 006, India |
|
Tel No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No.30, IMT, Sector-3, Manesar, Gurgaon-122 002, |
|
Tel. No.: |
91-124-4610801/899 |
|
Fax No.: |
91-124-4369692 |
|
|
|
|
Factory 2/ Head Office : |
27 and 28, IDC, Mehravli road, Gurgaon-122 006, |
|
Tel. No.: |
91-124-5081970/2362936-37/22622027-28/5084096 |
|
Fax No.: |
91-124-2362836/2327403 |
|
E-Mail : |
|
|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 3 : |
68, Roz-Ka- Meo Industrial Area, Sohna, Gurgaon, |
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Overseas Offices: |
Located At: ·
·
|
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Anil Jain |
|
Designation : |
Managing Director |
|
Address : |
L-26/05, DLF Phase - 11, Gurgaon- 122 001, |
|
Date of Birth/Age : |
01.09.1955 |
|
Date of Appointment : |
20.05.1996 |
|
DIN No : |
00046879 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U18101DL1996PLC079003 |
ROOP
POLYMERS LIMITED |
Managing
director |
01/12/2010 |
20/05/1996 |
- |
Active |
NO |
|
2 |
U25199HR1986PLC026152 |
ROOP
RUBBER MILLS LIMITED |
Director |
02/09/2004 |
02/09/2004 |
- |
Active |
NO |
|
3 |
U17291HR2007PTC037393 |
ARINNA
MARKETING PRIVATE LIMITED |
Director |
16/11/2007 |
16/11/2007 |
- |
Under
Process of Striking off |
NO |
|
4 |
U28910HR2007PTC037392 |
ROOP
ARINNA FABRICATORS PRIVATE LIMITED |
Director |
16/11/2007 |
16/11/2007 |
- |
Active |
NO |
|
5 |
U25192HR2011PTC042766 |
Roop
Koepp Foam Technologies Private Limited |
Director |
26/04/2011 |
26/04/2011 |
- |
Active |
NO |
|
Name : |
Mr. Hitesh Jain |
|
Designation : |
Whole Time Director |
|
Address : |
103-L, New Colony, Gurgaon – 122001,
|
|
Date of Birth/Age : |
15.05.1959 |
|
Date of Appointment : |
20.05.1996 |
|
DIN No : |
00046850 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U18101DL1996PLC079003 |
ROOP
POLYMERS LIMITED |
Whole-time
director |
01/12/2010 |
20/05/1996 |
- |
Active |
NO |
|
2 |
U34300HR1990PLC030932 |
ROOP
AUTOMOTIVES LIMITED |
Director |
27/12/2002 |
27/12/2002 |
01/10/2007 |
Active |
NO |
|
3 |
U25199HR1986PLC026152 |
ROOP
RUBBER MILLS LIMITED |
Director |
02/09/2004 |
02/09/2004 |
- |
Active |
NO |
|
4 |
U17291HR2007PTC037393 |
ARINNA
MARKETING PRIVATE LIMITED |
Director |
16/11/2007 |
16/11/2007 |
- |
Under
Process of Striking off |
NO |
|
5 |
U28910HR2007PTC037392 |
ROOP
ARINNA FABRICATORS PRIVATE LIMITED |
Director |
16/11/2007 |
16/11/2007 |
- |
Active |
NO |
|
6 |
U25192HR2011PTC042766 |
Roop
Koepp Foam Technologies Private Limited |
Director |
26/04/2011 |
26/04/2011 |
- |
Active |
NO |
|
Name : |
Mr. Mohit Oswal |
|
Designation : |
Director |
|
Address : |
103-L, New Colony, Gurgaon – 122001,
|
|
Date of Birth/Age : |
28.08.1965 |
|
Date of Appointment : |
20.05.1996 |
|
DIN No : |
00046674 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U34300HR1990PLC030932 |
ROOP
AUTOMOTIVES LIMITED |
Whole-time
director |
01/04/2010 |
12/05/1990 |
- |
Active |
NO |
|
2 |
U18101DL1996PLC079003 |
ROOP
POLYMERS LIMITED |
Director |
20/05/1996 |
20/05/1996 |
- |
Active |
NO |
|
Name : |
Mr. Prem Kurnar |
|
Designation : |
Director |
|
Address : |
B-361174, Vikas Nagar, |
|
Date of Birth/Age : |
26.06.1963 |
|
Date of Appointment : |
29.10.2005 |
|
DIN No : |
00051349 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L51909MH1986PLC221031 |
AARYA
GLOBAL SHARES AND SECURITIES LIMITED |
Director |
30/09/2004 |
30/09/2004 |
26/10/2007 |
Active |
NO |
|
2 |
U18101DL1996PLC079003 |
ROOP
POLYMERS LIMITED |
Director |
29/10/2005 |
29/10/2005 |
- |
Active |
NO |
|
3 |
U34300HR1990PLC030932 |
ROOP
AUTOMOTIVES LIMITED |
Director |
30/09/2008 |
10/02/2008 |
- |
Active |
NO |
|
4 |
U67120CH2000PLC023244 |
L S
E SECURITIES LIMITED |
Nominee
director |
14/02/2009 |
14/02/2009 |
- |
Active |
NO |
|
5 |
L51909PB2000PLC023679 |
SEL
MANUFACTURING COMPANY LIMITED |
Director |
07/08/2010 |
13/07/2010 |
- |
Active |
NO |
|
Name : |
Mr. Rajender Singh Kundi |
|
Designation : |
Director |
|
Address : |
258-B, Sector - 14, Gurgaon- 1 2200 1, |
|
Date of Birth/Age : |
15.02.1941 |
|
Date of Appointment : |
20.05.1996 |
|
DIN No : |
00203082 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U35999HR1998PTC033930 |
PARAM
AUTO DIE PVT. LTD. |
Director |
28/04/1998 |
28/04/1998 |
- |
Active |
|
|
2 |
U34300HR1997PLC035283 |
FCC
RICO LIMITED |
Director |
05/08/1998 |
05/08/1998 |
- |
Active |
NO |
|
3 |
U18101DL1996PLC079003 |
ROOP
POLYMERS LIMITED |
Director |
20/05/2006 |
20/05/2006 |
- |
Active |
NO |
|
4 |
U28112HR2010PLC039941 |
AAN ENGINEERING
INDUSTRIES LIMITED |
Director |
09/07/2011 |
08/04/2011 |
- |
Active |
NO |
|
Name : |
Mr. Rishi Jain |
|
Designation : |
Director |
|
Address : |
103-L, New Colony, Gurgaon – 122001,
Haryana, India |
|
Date of Birth/Age : |
29.11.1990 |
|
Date of Appointment : |
04.08.2010 |
|
DIN No : |
03160582 |
|
|
|
|
Name : |
Mr. Kunal Jain |
|
Designation : |
Whole Time Director |
|
Address : |
103-L, New Colony, Gurgaon – 122001, |
|
Date of Birth/Age : |
02.11.1985 |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
03386898 |
KEY EXECUTIVES
|
Name : |
Ms. Pooja Nirmal |
|
Designation : |
Company Secretary |
|
Address : |
46D/3, Gopal Nagar, Near City Bus Stand, Gurgaon- I2200 1, |
|
Date of Birth/Age : |
20.01.1987 |
|
Date of Appointment : |
17.07.2010 |
|
PAN No : |
AIBPN1385N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Name
of Shareholders |
No. of Shares |
|
Anil
Jain |
1572700 |
|
Mohit
Oswal |
492100 |
|
Hitesh
Jain |
1338200 |
|
Anju
Jain |
200400 |
|
Kanta
Jain |
12000 |
|
Meenakshi
Jain |
199500 |
|
Sarita
Oswal |
100000 |
|
Meenakshi
Kilm |
80000 |
|
FC.L.
Appachu |
50000 |
|
Suneer
Jain |
20000 |
|
Ram
Prasad Jain |
11000 |
|
Vibhav
Kilm |
5000 |
|
Garde |
20000 |
|
Pawan
Siegell |
30000 |
|
Sudhir |
226020 |
|
Rishi
Jain |
170000 |
|
CORPORATE SHAREHOLDERS |
|
|
Roop
Rubber Mills Limited, India |
2670100 |
|
Roop
Automotives Limited, India |
60100 |
|
PCB
Constructions Private Limited, India |
50000 |
|
Technic©
Agencies Private Limited, India |
60000 |
|
Prateek
Securities Private Limited, India |
50000 |
|
Pass
Food Production Private Limited, India
|
60000 |
|
M.S.
Capital and Management Services Limited, India |
75000 |
|
M.S.
Leasing Private Limited, India |
50000 |
|
Kush
Leasing Private Limited, India |
75000 |
|
Total |
3150200 |
LIST OF ALLOTTEES AS ON 14.04.2012
|
Names of Shareholders |
|
No. of Shares |
|
Hitesh Jain |
|
560000 |
|
Meenakshi Jain |
|
100000 |
|
Rishi Jain |
|
170000 |
|
Total |
|
830000 |
AS ON 29.09.2012
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
41.03 |
|
Directors or relatives of directors |
|
54.09 |
|
Other top fifty shareholders |
|
4.88 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Rubber and Plastic for Auto Components |
|
|
|
|
Products : |
Moulded/ Extruded Rubber Parts |
GENERAL INFORMATION
|
Customers : |
·
Bajaj ·
Hero Honda ·
Honda ·
Mahindra 2 Wheelers Suzuki ·
Yamaha ·
Ashok Leyland ·
JCBL Limited ·
New Holland ·
Maruti Suzuki ·
Honda ·
Denso ·
Huber-Suhner ·
Minda ·
Tata Autocomp Systems Limited ·
Escorts ·
Indian Railway |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Citi Bank N.A, Jeevan Bharti Building, 4th Floor,
124 Connaught Circus, Connaught Place, New Delhi - 110001, Delhi, India ·
Kotak Mahindra Bank Limited, 15-16 Upper Ground
Floor, Ambadeep Building, 14, Kasturba Gandhi Marg, New Delhi – 110001,
Delhi, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Scan Associated Chartered Accountants |
|
Address : |
108, Aradhana Bhawan, Azadpur Commercial Cmplex, Delhi-110 0033, |
|
Tel. No.: |
91-11-27671631/27672697 |
|
E-mail Id : |
|
|
PAN No.: |
AANFS3580L |
|
|
|
|
Entities over which Key Managerial Personnel are able to exercise
significant influence: |
·
Roop Rubber Mills Limited ·
Roop Arima Fabricators Private Limited ·
Jainco Rubber Industries Limited ·
Roop automotive Limited ·
S A Agencies – Partnership Firm |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7245000 |
Equity Shares |
Rs. 10/- each |
Rs. 72.450 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6847120 |
Equity Shares |
Rs. 10/- each |
Rs. 68.471
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
68.471 |
68.471 |
68.471 |
|
|
2] Share Application Money |
4.100 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
520.109 |
347.428 |
214.480 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
592.680 |
415.899 |
282.951 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
299.163 |
153.852 |
178.730 |
|
|
2] Unsecured Loans |
1.700 |
1.700 |
12.026 |
|
|
TOTAL BORROWING |
300.863 |
155.552 |
190.756 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
893.543 |
571.451 |
473.707 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
556.916 |
435.045 |
374.494 |
|
|
Capital work-in-progress |
36.321 |
38.796 |
0.003 |
|
|
|
|
|
|
|
|
INVESTMENT |
31.858 |
17.605 |
14.801 |
|
|
DEFERREX TAX ASSETS |
1.384 |
0.680 |
0.884 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
136.276
|
101.705
|
58.900
|
|
|
Sundry Debtors |
489.201
|
384.415
|
281.531
|
|
|
Cash & Bank Balances |
33.158
|
26.240
|
9.269
|
|
|
Other Current Assets |
0.004
|
0.000
|
0.000
|
|
|
Loans & Advances |
101.307
|
38.495
|
68.335
|
|
Total
Current Assets |
759.946
|
550.855
|
418.035
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
371.941
|
309.362
|
204.889
|
|
|
Other Current Liabilities |
89.016
|
136.641
|
93.507
|
|
|
Provisions |
31.925
|
25.527
|
36.114
|
|
Total
Current Liabilities |
492.882
|
471.530
|
334.510
|
|
|
Net Current Assets |
267.064
|
79.325
|
83.525
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
893.543 |
571.451 |
473.707 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2237.335 |
1714.442 |
1161.807 |
|
|
|
Other Income |
13.368 |
3.745 |
2.081 |
|
|
|
TOTAL (A) |
2250.703 |
1718.187 |
1163.888 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1290.577 |
952.093 |
626.686 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(23.156) |
(15.803) |
0.000 |
|
|
|
Employee benefit expense |
124.502 |
92.056 |
0.000 |
|
|
|
Manufacturing Service Costs |
0.000 |
0.000 |
81.384 |
|
|
|
Contract Cost |
0.000 |
0.000 |
59.558 |
|
|
|
Employee Related Expenses |
0.000 |
0.000 |
137.135 |
|
|
|
Other Expenses |
495.870 |
408.799 |
78.231 |
|
|
|
TOTAL (B) |
1887.793 |
1437.145 |
982.994 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
362.910 |
281.042 |
180.894 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
36.932 |
19.985 |
19.479 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
325.978 |
261.057 |
161.415 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
93.107 |
74.923 |
64.156 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
232.871 |
186.134 |
97.259 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
60.190 |
53.186 |
35.643 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
172.681 |
132.948 |
61.616 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
25.22 |
19.41 |
09.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.72
|
7.74
|
5.29
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.41
|
7.75
|
11.75
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.68
|
18.88
|
12.27
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.45
|
0.34
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.50
|
0.37
|
1.86
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54
|
1.17
|
1.25
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
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 |
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 |
|
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 |
U18101DL1996PLC079003 |
|
Name of the
company |
ROOP POLYMERS LIMITED |
|
Address of the registered
office or of the principal place of
business in |
1st Floor, |
|
This form is for |
Modification of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Immovable property Floating charge |
|
Particular of
charge holder |
Kotak Mahindra Bank Limited |
|
Nature of
instrument creating charge |
Suppemental
Deed Of Hypothcation Dated 25/05/2012 |
|
Date of instrument
Creating the charge |
01.03.2013 |
|
Amount secured by
the charge |
Rs.369.300 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per sanction letter dated 20/11/2012 or such other rate as may be
prescribed by the bank from time to time. Terms of
repayment As per Sanction terms of the facilities sanctioned. Margin The Company shall maintain such margin as may be specified
by the bank from time to time. Extent and
operation of the charge To
secure the aggregate amount of enhanced credit facilities as follow: 1.Working
capital facilities of Rs. 93.000 Millions (enhanced from Rs. 80.000 Millions
to Rs. 93.000 Millions) 2.Tem
Loan facilities of Rs. 276.300 Millions (enhanced from Rs. 136.000 Millions
to Rs. 276.300 Millions) Total
amount of enhanced credit facilities of Rs. 369.300 Millions |
|
Short particulars
of the property charged (Including location of the property) |
First
pari passu charge created/to be created on Current Assets by the borrower in
favour of Kotak Mahindra Bank Limited to secure the working capital
facilities of Rs. 93.000 Millions
Exclusive charge on Moveable Fixed Assets in favour of the Kotak
Mahindra Bank Limited to secure the term loan facilities of Rs. 276.300
Millions Exclusive charge on all that piece and parcel of land bearing Plot
No. 30 admeasuring 11550 square meters and situated in Sector 3, Industrial
Estate IMT, Manesar, Gurgaon, Haryana, together with all buildings,
structures, installations, fitments, plants and machinery, if any, affixed to
the earth or permanently affixed to something attached to the earth to secure
the credit facilities of Rs. 369.300 Millions |
FIXED ASSETS:
·
Land
·
Building
·
Furniture and Fixture
·
Moulds
·
Cycle
·
Electrical Fitting
·
Air Conditioner
·
Refrigerator
·
Plant and machinery
·
Fire Fighting Equipments
·
Vehicle
·
Computer
·
Office Equipments
AS PER WEBSITE
DETAILS
OVERVIEW
Established in 1973 in the automotive industrial hub of Gurgaon, subject is the flagship company of the Roop Group. With over 35 years of rich experience in the automotive industry, subject today is a world class manufacturer of Moulded and Extruded Rubber and Plastic parts for Automotive OEM around the globe. It operates through 6 state of the art manufacturing facilities which are strategically located near the OEM customer base in Gurgaon, Sohna and IMT Manesar in Haryana and Pantnagar in Uttranchal. All the subject plants are TS-16949 and ISO 14001 certified and meet the most stringent quality norms set by its diverse range of customers. Apart from supplying to automotive majors in India like Maruti Suzuki, Honda, Hero Honda, Bajaj Auto etc., subject is also a major supplier to TRW, USA for their critical rubber parts requirement.
subject has a unique capability to process rubber parts in all grades like NR, NBR, SBR, EPDM, Silicon, Viton, Neoprene, Chloroprene, HNBR, Fluoro, Isoprene, Hyplone, etc., and plastic parts in grades like PP (Polypropylen), PVC (Polyvinylchlorid), TPE (Thermoplastic rubber), PA 66, PA66 + Glass Fibre, POM (Polyoxymethylen), Santoprene, Desmopan, etc. It therefore offers a 'one stop shop' engineering solutions to all the customers through its expertise in designing, development, tooling, moulding, extrusion, assembly, painting, testing and delivery capabilities across the globe. Backed by its technical capabilities and highly enthusiastic workforce, subject today has become a supplier of choice for the Indian Automotive industry.
MANAGEMENT PROFILE
Anil Jain
Managing Director
Anil Jain has a vast experience of more than 35 years in the Automotive
Industry primarily in Rubber and Plastic products manufacturing. His core
competency lies in the Technical aspects of the business and is responsible for
leading the Engineering, Purchase and Business Development functions of the
organization.
Hitesh Jain
Executive/Promoter
Director
Hitesh Jain also has a vast experience of more than 30 years in the
Automotive Industry primarily in Rubber and Plastic products manufacturing. His
core competency lies in Operations and he is responsible for leading
Manufacturing, Quality and Marketing functions of the company.
Mohit Oswal
Executive/Promoter
Director
Mohit Oswal has an extensive experience of more than 15 years in the
auto component industry. He has an MBA degree in Finance from Jammu University.
He is responsible for leading the International business, HR and Finance related
activities of Roop Polymers.
Kunal Jain
Executive Director
Kunal is the next generation entrepreneur having MSc. degree from
Warwick University, UK. He has worked with Cummins in UK for 2.5 years in the
Global Operations team as a Six Sigma Black Belt. His focus areas in RPL are
Operational improvements and IT systems.
MILESTONES
1973
Inception of Roop Rubber Mills Pvt. Ltd, now
called Roop Polymers Ltd.
1985
Start of OEM supplies to Maruti Suzuki and
Hero Honda
1995
Best Vendor Performance award from Maruti
Suzuki
1997
Foray into Rubber Extrusions, New Plant
established at Sohna
1997
Start of OEM supplies to Honda Siel Car India
2003
Certified as TS 16949 company
2004
Certified as ISO 14001 company
2006
One of the 16 vendors selected by Bajaj Auto
to establish a plant for dedicated supply to Bajaj Auto in Uttranchal
2007
Diversification into Plastic Injection Molded
Products
2007
Two plants commissioned in Manesar and Pant
Nagar
2008
Partnership with Manta line Corporation of USA
for sourcing Rubber Extruded parts
2011
Roop Koepp Joint Venture in 2011
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.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.