1. Summary Information
|
Country |
|
||
|
Company Name |
VINA
INTERNATIONAL |
Principal Name 1 |
MR. HARISH SURYAKANT KOTHARI |
|
Status |
SATISFACTORY |
Principal Name 2 |
-- |
|
Registration # |
-- |
||
|
Street Address |
‘NILI’, 1/3, NALANDA SOCIETY, NEAR ICICI BANK, |
||
|
Established Date |
1992 |
SIC Code |
-- |
|
Telephone# |
91-281-2584601 |
Business Style 1 |
TRADER |
|
Fax # |
91-281-2588953 |
Business Style 2 |
EXPORTER |
|
Homepage |
NOT AVAILABLE |
Product Name 1 |
MOLDING MACHINES |
|
# of employees |
6 (APPROXIMATELY) |
Product Name 2 |
STRETCH BLOW MOLDING MACHINES |
|
Capital Investment |
Rs.2,462,000/- |
Product Name 3 |
BLOW MOLDS / MOULDS |
|
Shareholders |
-- |
Banking |
CENTRAL BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
22 Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
ASSOCIATES/
SUBSIDIARIES |
-- |
VINA INTERNATIONAL PRIVATE LIMITED |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
21,426,000 |
Current Liabilities |
24,012,000 |
|
Inventories |
3,277,000 |
Long-term Liabilities |
2,873,000 |
|
Fixed Assets |
2,376,000 |
Other Liabilities |
82,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
26,967,000 |
|
Invest& other Assets |
2,350,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
2,462,000 |
|
Total Assets |
29,429,000 |
Total Liab. & Equity |
29,429,000 |
|
Total Assets (Previous Year) |
19,181,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Approximately) |
73,545,000 |
Net Profit |
NA |
|
Sales (Approximately) (Previous yr) |
60,350,000 |
Net Profit(Prev.yr) |
NA |
MIRA INFORM REPORT
|
Report Date : |
29.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
VINA INTERNATIONAL |
|
|
|
|
Registered Office
: |
‘Nili’, 1/3, Nalanda Society, Near ICICI Bank, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Year of
Establishment : |
1992 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 2.462 Millions |
|
|
|
|
IEC No.: |
2492000729 |
|
|
|
|
PAN No.: |
ADIPK1173H |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trader and Exporter of Blow Molding Machines, Pet Stretch Blow Molding
Machines, Blow Molds / Moulds, Injection Molds Blow Molding Machines, Pet
Stretch Blow Molding Machines, Blow Molds / Moulds, Injection Molds, Recycle
Plastic Raw Materials. |
|
|
|
|
No. of Employees
: |
6 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 9000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having a satisfactory track
record. Trade relations are reported as fair. Business is active. Payments
are reported to be usually correct and as per commitments. The concern 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.
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. Ronak Kothari |
|
Designation : |
Key Executive |
|
Contact No.: |
91-281-2584601 |
LOCATIONS
|
Registered Office : |
‘Nili’, 1/3, Nalanda Society, Near ICICI Bank, |
|
Tel. No.: |
91-281-2584601/2586876 |
|
Fax No.: |
91-281-2588953 |
|
E-Mail : |
|
|
Area : |
4050 sq. ft |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Harish Suryakant Kothari |
|
Designation : |
Proprietor |
|
Address : |
Mohan Ketan Park, Opposite Drive In Cinema, Avadh Club Road, Kalawad Road,
Rajkot – 360 005, Gujarat, India |
|
Date of Birth/Age : |
17.07.1958 |
|
Qualification : |
BBA |
|
Experience : |
30 Years |
KEY EXECUTIVES
|
Name : |
Mr. Ronak Kothari |
|
Designation : |
Key Executive |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Blow Molding Machines, Pet Stretch Blow Molding
Machines, Blow Molds / Moulds, Injection Molds Blow Molding Machines, Pet
Stretch Blow Molding Machines, Blow Molds / Moulds, Injection Molds, Recycle
Plastic Raw Materials. |
|
|
|
|
Exports : |
|
|
Product : |
·
Blowing Agents / Azodicarbonamides ·
Stearic Acids ·
Zinc Stearates ·
Calcium Stearates ·
Chlorinated Paraffins ·
Zinc Oxides ·
Precipitated Silica ·
Caclium Carbonate ·
Colour Pigments ·
Masterbatches ·
Carbon Black ·
Recycled Polymers ·
Virgin EVA ·
Natural Rubber ·
Machineries / Ancillaries ·
Many other related chemicals, raw materials,
machines, etc |
|
Countries : |
·
·
·
·
·
·
·
|
|
|
|
|
Import : |
|
|
Product : |
·
Blowing Agents / Azodicarbonamides ·
Zinc Stearates ·
Calcium Stearates ·
Caclium Carbonate ·
Carbon Black ·
Recycled Polymers ·
Virgin EVA ·
Natural Rubber ·
Machineries / Ancillaries ·
Many other related chemicals, raw materials,
machines, etc. |
|
Countries : |
·
·
·
·
·
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (60 and 90
days) |
|
|
|
|
Purchasing : |
L/C and Cash |
GENERAL INFORMATION
|
Suppliers : |
·
Blowing Agents / Azodicarbonamides ·
Zinc Stearates ·
Calcium Stearates ·
Caclium Carbonate ·
Carbon Black ·
Recycled Polymers ·
Virgin EVA ·
Natural Rubber ·
Machineries / Ancillaries ·
Many other related chemicals, raw materials,
machines, etc. |
|
|
|
|
Customers : |
End Users, Wholesalers ·
Blowing Agents / Azodicarbonamides ·
Stearic Acids ·
Zinc Stearates ·
Calcium Stearates ·
Chlorinated Paraffins ·
Zinc Oxides ·
Precipitated Silica ·
Caclium Carbonate ·
Colour Pigments ·
Masterbatches ·
Carbon Black ·
Recycled Polymers ·
Virgin EVA ·
Natural Rubber ·
Machineries / Ancillaries ·
Many other related chemicals, raw materials,
machines, etc |
|
|
|
|
No. of Employees : |
7 (Approximately), (In Office 5+ In Branch 2) |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rachana H Kundalia Chartered Accountant |
|
Address : |
9, Ramnik House, Jubilee Chowk, |
|
PAN No.: |
ALVPK4152H |
|
|
|
|
Name : |
P.R. Lalchandani and Company |
|
Address : |
Plot No. 3, Adarsh Society, Rajkot-360001, |
|
Tel No.: |
91-9374101394 |
|
|
|
|
Associates/Subsidiaries : |
Vina International Private Limited, ‘Nili’, 1/3, Nalanda Society, Near
ICICI Bank, Line of Business
: Exports, Imports Local Distribution |
CAPITAL STRUCTURE
As on 31.03.2012
|
Capital Investment : |
|
|
Owned : |
Rs.2.462 millions |
|
Borrowed : |
-- |
|
Total : |
Rs.2.462 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Propietor’s Capital |
|
2.462 |
2.699 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
2.462 |
2.699 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.770 |
1.049 |
|
|
2] Unsecured Loans |
|
2.103 |
4.402 |
|
|
TOTAL BORROWING |
|
2.873 |
5.451 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
5.335 |
8.150 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
2.376 |
2.481 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
2.213 |
1.738 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
3.277 |
0.805 |
|
|
Sundry Debtors |
|
2.562 |
2.051 |
|
|
Cash & Bank Balances |
|
5.303 |
1.722 |
|
|
Other Current Assets |
|
9.894 |
14.470 |
|
|
Loans & Advances |
|
3.667 |
4.052 |
|
Total
Current Assets |
|
24.703 |
23.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.000 |
|
|
|
Other Current Liabilities |
|
24.012 |
19.170 |
|
|
Provisions |
|
0.082 |
0.005 |
|
Total
Current Liabilities |
|
24.094 |
19.175 |
|
|
Net Current Assets |
|
0.609 |
3.925 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.137 |
0.006 |
|
|
|
|
|
|
|
|
TOTAL |
|
5.335 |
8.150 |
|
%2029-Apr-2013_files/image001.gif){kind=small}
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
73.545 |
60.350 |
|
|
|
Other Income |
|
7.742 |
2.069 |
|
|
|
TOTAL |
|
81.287 |
62.419 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
67.154 |
53.313 |
|
|
|
Clearing and Forwarding Expenses |
|
0.710 |
0.717 |
|
|
|
Commission Expenses |
|
0.849 |
0.300 |
|
|
|
Exchange on Import |
|
1.310 |
0.898 |
|
|
|
Mould testing Expenses |
|
0.432 |
0.000 |
|
|
|
Switch charges |
|
0.178 |
0.103 |
|
|
|
Transport/Octroi Labour |
|
0.188 |
0.186 |
|
|
|
Bank Commission and Charges |
|
0.630 |
0.461 |
|
|
|
Bank Interest |
|
1.136 |
1.864 |
|
|
|
H.D.F.C Bank OD Interest |
|
1.180 |
0.000 |
|
|
|
Loss on sale of Car |
|
0.621 |
0.501 |
|
|
|
Salary Expenses |
|
0.304 |
0.223 |
|
|
|
Other Expenses |
|
2.772 |
3.016 |
|
|
|
TOTAL |
|
77.464 |
61.582 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
3.823 |
0.837 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.072 |
0.000 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
3.751 |
0.837 |
|
|
|
|
|
|
|
|
|
|
EXPORTS VALUE |
|
0.530 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
|
37.931 |
31.282 |
|
Expected Sales (2012-2013): Rs.140.000 millions
The above information has been parted by Mr. Ronak Kothari.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
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 two years |
Yes |
|
12) Profitability for last two years |
Yes |
|
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 |
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 |
No |
|
29) Last accounts filed at ROC |
No |
|
30) Major Shareholders, if available |
No |
|
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 |
TRADE REFERENCES :
·
J.M. International, Mr. Nikunj Shah
·
High Polymer Limited, Dr. R.P. Sharma
·
Aangee Colourant, Mr. Hiren Vora
·
KLJ Organics Limited, Mr. B.J. Trivedi
·
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.54.29 |
|
|
1 |
Rs. 83.88 |
|
Euro |
1 |
Rs. 70.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.