|
Report Date : |
19.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANJEEVANI PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gat No. 646 2/2 and 703, Pune - Nagar Road, Near,
Ranjangaon Ganpati, Ranjangaon, Tauluka Shirur, Ranjangaon - 412209,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation
: |
28.04.2011 |
|
|
|
|
Com. Reg. No.: |
11-139370 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.999 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900PN2011PTC139370 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNES32044F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAPCS7343N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Packaging Material |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having moderate track record. Financials of 2012 and 2013 are not available with us. Mr. Sampat, purchase manager provided general information and also
informed that company has achieved turnover of Rs.100.000 Millions in FY
2011-12 and Rs. 200.000 Millions in FY 2012-13, which is not verified. However, trade relations are improving. Business is active. Payment
terms are reported to be unknown. The company can be considered for business dealing with some caution. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International Finance
Corporation expects to come out with its rupee linked bonds issue before the
end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs
41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched
in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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. Sampat |
|
Designation : |
Purchase Manager |
|
Contact No.: |
91-9158003002 |
|
Date : |
14.12.2013 |
LOCATIONS
|
Registered Office : |
Gat No. 646 2/2 and 703, Pune - Nagar Road, Near,
Ranjangaon Ganpati, Ranjangaon, Tauluka Shirur, Ranjangaon - 412209,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9158003002 (Mr. Sampat) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Factory : |
Near Supa MIDC, Taluka – Parner, District Ahmednagar, Maharashtra,
India |
DIRECTORS
As on 18.04.2011
|
Name : |
Mr. Omprakash Madanlal Chamadia |
|
Designation : |
Director |
|
Address : |
S. No. 31/2/9, North Koregaon Park, Near Ganga Heritage, Pune –
411001, Maharashtra, India |
|
Date of Birth/Age : |
09.11.1940 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
00542856 |
|
|
|
|
Name : |
Mr. Pawankumar Bajaranglal Chamadia |
|
Designation : |
Director |
|
Address : |
Agresan Society, A-2,15,8,Koregaon Park, Pune – 411001, Maharashtra,
India |
|
Date of Birth/Age : |
04.06.1957 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
00679685 |
|
|
|
|
Name : |
Mr. Sajjankumar Damodarlal Tulsyan |
|
Designation : |
Director |
|
Address : |
B-4/602, Mont Vert, Pristine Society, Behind Khadki Railway Station,
Khadki, Pune – 411020, Maharashtra, India
|
|
Date of Birth/Age : |
31.12.1950 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
03087445 |
KEY EXECUTIVES
|
Name : |
Mr. Sampat |
|
Designation : |
Purchase Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 01.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vijhnu Kumar Madanlal Chamadia |
|
5000 |
|
Shashikant Rmswaroop Chamadia |
|
5000 |
|
Total |
|
10000 |
As on 19.07.2011
|
Names of Allottees |
|
No. of Shares
Allotted |
|
Bajarangial Chiranjilal Chamadia |
|
31250 |
|
Pawankumar Bajarangial Chamadia |
|
25250 |
|
Veena Pavankumar Chamadia |
|
5000 |
|
Pratik Pavankumar Chamadia |
|
500 |
|
Nidhi Pratik Chamadia |
|
500 |
|
Arun Bajarangial Chamadia |
|
26250 |
|
Seema Arunkumar Chamadia |
|
5000 |
|
Ravikant Bajarangial Chamadia |
|
26250 |
|
Nidhi Ravikant Chamadia |
|
5000 |
|
Rajkumar Ramswaroop Chamadia |
|
26250 |
|
Vinita Rajkumar Chamadia |
|
5000 |
|
Manojkumar Ramswaroop Chamadia |
|
26250 |
|
Kavita Manojkumar Chamadia |
|
5000 |
|
Shashikant Ramswaroop Chamadia |
|
21250 |
|
Sarita Shashikant Chamadia |
|
5000 |
|
Omprakash Madanlal Chamadia |
|
5000 |
|
Ramdulari Omprakash Chamadia |
|
26250 |
|
Laxmikant Omprakash Chamadia |
|
26250 |
|
Rachana Laxmikant Chamadia |
|
5000 |
|
Chandrakant Omprakash Chamadia |
|
26250 |
|
Sunita Chandrakant Chamadia |
|
5000 |
|
Annapurna Vishnukumar Chanadia |
|
5000 |
|
Grishkumar Vishnukumar Chanadia |
|
26250 |
|
Sangita Grishkumar Chanadia |
|
5000 |
|
Vishnukumar Madanlal Chanadia |
|
21250 |
|
Sajjankumar Damodarlal Tulsyan |
|
25000 |
|
Urnila Sajjankumar Tulsyan |
|
25000 |
|
Swati Punit Tulsyan |
|
12500 |
|
Ritu Sumit Tulsyan |
|
12500 |
|
Smita Amit Tulsyan |
|
12500 |
|
Amit Sajjankumar Tulsyan |
|
12500 |
|
Punit Sajjankumar Tulsyan |
|
12500 |
|
Sumit Sajjankumar Tulsyan |
|
12500 |
|
Total |
|
490000 |
As on 01.08.2013
|
Names of Allottees |
|
No. of Shares
Allotted |
|
Bajarangial Chiranjilal Chamadia |
|
36750 |
|
Veena Pavankumar Chamadia |
|
41750 |
|
Seema Arunkumar Chamadia |
|
41750 |
|
Nidhi Pratik Chamadia |
|
41750 |
|
Vinita Rajkumar Chamadia |
|
36750 |
|
Kavita Manojkumar Chamadia |
|
41750 |
|
Sarita Shashikant Chamadia |
|
41750 |
|
Ramdulari Omprakash Chamadia |
|
36750 |
|
Rachana Laxmikant Chamadia |
|
41750 |
|
Sunita Chandrakant Chamadia |
|
41750 |
|
Annapurna Vishnukumar Chanadia |
|
31750 |
|
Sangita Grishkumar Chanadia |
|
41750 |
|
Naresh Shrikisan Jalan |
|
8000 |
|
Alka Naresh Jalan |
|
8000 |
|
Akshay Nathmal Jalan |
|
7900 |
|
Total |
|
499900 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Packaging Material |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
China ·
Australia ·
Nigeria |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
Suppliers : |
Rubi Metnos |
|
|
|
|
Customers : |
Wholesalers ·
ITC |
|
|
|
|
No. of Employees : |
200 (Approximately) |
|
|
|
|
Bankers : |
Standard Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot
No. C-38 and 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai - 400051,
Maharashtra, India |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Nevatiya Chartered Accountant |
CAPITAL STRUCTURE
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 |
|
|
|
|
|
|
999900 |
Equity Shares |
Rs.10/- each |
Rs.9.999
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
|
200.000 |
100.000 |
|
|
|
|
|
Expected Sales (2013-14) : Rs.300.000 Millions
The above information has been parted by Mr. Sampat
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 two years |
Yes |
|
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 |
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 |
No |
|
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 |
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10362616 |
08/06/2012 |
48,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 AND 39, |
B42449736 |
|
2 |
10322110 |
29/11/2011 |
20,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 AND 39, |
B27446376 |
|
3 |
10322108 |
29/11/2011 |
22,300,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 AND 39, |
B27446319 |
|
4 |
10322111 |
29/11/2011 |
35,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 AND 39, |
B27446442 |
|
5 |
10322106 |
29/11/2011 |
55,800,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 AND 39, |
B27446269 |
|
6 |
10322109 |
29/11/2011 |
70,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 AND 39, |
B27446343 |
|
7 |
10322107 |
29/11/2011 |
98,200,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 AND 39, |
B27446301 |
|
8 |
10305488 |
24/10/2013 * |
170,500,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 AND 39, |
B88218623 |
* Date of charge modification
TRADE REFERENCES
·
Rubi Metnos
·
ITC
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.61.92 |
|
|
1 |
Rs.100.83 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
HET |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.