MIRA
INFORM REPORT
|
Report Date : |
23.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
N. A. P. PRINTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shed No. S-33, S-34, S-35, S-36 and S-37, Phase-III, Kasba Industrial
Estate, E. M. Bypass, Kolkata-700107, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.05.2007 |
|
|
|
|
Com. Reg. No.: |
21-115897 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.280 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219WB2007PTC115897 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of all types of Paper Materials. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 180000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered normal for business dealings at usual
trade 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 |
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 : |
Shed No. S-33, S-34, S-35, S-36 and S-37, Phase-III, Kasba Industrial Estate,
E. M. Bypass, Kolkata-700107, West Bengal, India |
|
Tel. No.: |
91-33-24421186 / 1187 |
|
Fax No.: |
91-33-24422905 |
|
E-Mail : |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Dushyant Parekh |
|
Designation : |
Director |
|
Address : |
36/D, Girish Mukherjee Road, Kolkata-700025, West Bengal, India |
|
Date of Birth/Age : |
06.06.1953 |
|
Date of Appointment : |
18.05.2007 |
|
DIN No.: |
02170297 |
|
|
|
|
Name : |
Mr. Minoti Parekh |
|
Designation : |
Director |
|
Address : |
36/D, Girish Mukherjee Road, Kolkata-700025, West Bengal, India |
|
Date of Birth/Age : |
07.12.1955 |
|
Date of Appointment : |
18.05.2007 |
|
DIN No.: |
02040351 |
|
|
|
|
Name : |
Mr. Vijay Parekh |
|
Designation : |
Director |
|
Address : |
36/D, Girish Mukherjee Road, Kolkata-700025, West Bengal, India |
|
Date of Birth/Age : |
09.07.1980 |
|
Date of Appointment : |
18.05.2007 |
|
DIN No.: |
02040316 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dushyant Parekh and Others HUF |
|
4 |
|
Dushyant Parekh |
|
103980 |
|
Harshita Parekh |
|
4 |
|
Minoti Parekh |
|
15002 |
|
Vijay Parekh |
|
9000 |
|
Estate of Suman Vidhawan |
|
2 |
|
Pishouri Lal Rajendra (HUF) |
|
2 |
|
Pishouri Lal Rishi (HUF) |
|
2 |
|
Rajendra Kumar Vidhawan |
|
2 |
|
Rishi Vidhawan (HUF) |
|
2 |
|
M. R. Enterprises |
|
5 |
|
Seema Baid |
|
5 |
|
Rishi Vidhawan |
|
2 |
|
Rajendra Kumar Vidhawan (HUF) |
|
2 |
|
Total |
|
128014 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.98 |
|
Others |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of all types of Paper Materials. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· Bank of Baroda, SME Kasba Branch, 837, Rajdanga Main Road (1st Floor), Kolkata - 700107, West Bengal, India ·
Bank of Baroda, SSI Kasba Branch, 837, Rajdanga
Main Road (1st Floor), Kolkata - 700107, West Bengal, India |
|||||||||||||||
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|||||||||||||||
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Rohit Shukla and Associates Chartered Accountants |
|
Address : |
"B" Block, 7th Floor, India House, 69, Ganesh
Chandra Avenue, Kolkata-700013, West Bengal, India |
|
Telefax No.: |
91-33-22157918 / 9531 |
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E-Mail : |
|
|
PAN No.: |
ALTPS5341Q |
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|
|
|
Other related parties with whom the company had transactions, etc. : |
Shiv Shakti Converters |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
128014 |
Equity Shares |
Rs.10/- each |
Rs. 1.280 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 |
1.280 |
1.280 |
1.280 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
45.026 |
40.566 |
36.305 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
46.306 |
41.846 |
37.585 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
27.983 |
36.822 |
56.378 |
|
|
2] Unsecured Loans |
88.113 |
80.780 |
52.372 |
|
|
TOTAL BORROWING |
116.096 |
117.602 |
108.750 |
|
|
DEFERRED TAX LIABILITIES |
4.967 |
4.615 |
3.533 |
|
|
|
|
|
|
|
|
TOTAL |
167.369 |
164.063 |
149.868 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
94.376 |
97.130 |
98.439 |
|
|
Capital work-in-progress |
0.080 |
0.080 |
0.080 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.005 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
28.471
|
27.195 |
22.695 |
|
|
Sundry Debtors |
21.990
|
25.977 |
18.675 |
|
|
Cash & Bank Balances |
1.056
|
3.918 |
0.978 |
|
|
Other Current Assets |
2.530
|
1.919 |
3.352 |
|
|
Loans & Advances |
46.107
|
37.067 |
35.616 |
|
Total
Current Assets |
100.154
|
96.076 |
81.316 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.898
|
13.367 |
17.835 |
|
|
Other Current Liabilities |
15.348
|
15.804 |
7.014 |
|
|
Provisions |
0.000
|
0.052 |
5.187 |
|
Total
Current Liabilities |
27.246
|
29.223 |
30.036 |
|
|
Net Current Assets |
72.908
|
66.853 |
51.280 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.069 |
|
|
|
|
|
|
|
|
TOTAL |
167.369 |
164.063 |
149.868 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
201.032 |
203.722 |
183.523 |
|
|
|
Other Income |
0.238 |
0.309 |
6.883 |
|
|
|
TOTAL (A) |
201.270 |
204.031 |
190.406 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
134.710 |
|
157.581 |
|
|
|
Employee Benefits Expense |
17.322 |
14.736 |
|
|
|
|
Other Expenses |
17.034 |
18.803 |
|
|
|
|
TOTAL (B) |
169.066 |
172.048 |
157.581 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
32.204 |
31.983 |
32.825 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.926 |
11.601 |
10.195 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.278 |
20.382 |
22.630 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.386 |
13.189 |
13.393 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
5.892 |
7.193 |
9.237 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.432 |
2.932 |
2.950 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
4.460 |
4.261 |
6.287 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.532 |
8.271 |
1.985 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
16.992 |
12.532 |
8.272 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
34.84 |
33.28 |
82.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.22
|
2.09 |
3.30 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.93
|
3.53 |
5.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.03
|
3.72 |
5.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.17 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.51
|
2.81 |
2.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.68
|
3.29 |
2.71 |
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 |
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 |
No |
|
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 |
NOTE
The registered office of the company has been shifted from Kasba Industrial
Estate, Phase-III, Shed No. S-35, 36 and 37, E. M. Bye Pass, Kolkata-700107,
West Bengal, India to the present address w.e.f. 22.05.2009
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Directors |
24.788 |
31.575 |
|
Related Entities |
7.087 |
6.107 |
|
Shareholders |
21.500 |
9.783 |
|
Companies |
34.738 |
33.315 |
|
Total |
88.113 |
80.780
|
FIXED ASSETS
·
Leasehold Land
·
Factory Building
·
Plant and Equipment
·
Furniture and Fittings
·
Vehicles
·
Office Equipment
·
Computers servers, Other
I.T. Equipments
·
Computer Software
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 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.54.17 |
|
|
1 |
Rs.82.45 |
|
Euro |
1 |
Rs.70.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.