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Report Date : |
24.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
FANTASY PACKAGING PRIVATE LIMITED |
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Registered
Office : |
142, Toy City M.U.P-III, G.B. Nagar, Greater Noida, Gautam Buddha
Nagar – 201306, Uttar Pradesh |
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Country : |
India |
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Date of
Incorporation : |
07.05.2012 |
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Com. Reg. No.: |
20-050322 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U21098UP2012PTC050322 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MRTF00367D |
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TIN No.: |
09166109456 |
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PAN No.: [Permanent Account No.] |
AABCF9621Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of Corrugated Boxes, Printed Corrugated Boxes,
Corrugated Rolls, Corrugated Sheet, Mono Carton. |
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No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
- |
NB |
New Business |
- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to complete it’s one full year of
operation. The company expects a sizeable turnover from its first year of
operation. Business is active. Payments are unknown. The company can be considered for business dealings on a safe and
secured 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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 : |
Mr. Peeyush Gupta |
|
Designation : |
Director |
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Contact No.: |
91-971949592 |
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Date : |
14.01.2013 |
LOCATIONS
|
Registered Office / Factory : |
142, Toy City M.U.P-III, G.B. Nagar, Greater Noida, Gautam Buddha
Nagar – 201306, Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-9971949592/9990399996/8510024361 (Mr. Peeyush Gupta) |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Peeyush Gupta |
|
Designation : |
Director |
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Address : |
186/8, Aryapuri 1, Muzaffarnagar – 251002, Uttar Pradesh, India |
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Date of Birth/Age : |
25.05.1970 |
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Qualification : |
Diploma in Engineering |
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Experience : |
21 Years |
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DIN No.: |
05267530 |
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|
|
|
Name : |
Mr. Sushil Kumar |
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Designation : |
Director |
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Address : |
32, Bahadurpur-2, Himayupur, Sikheda, Muzaffarnagar – 251001, Uttar
Pradesh, India |
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Date of Birth/Age : |
01.06.1977 |
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Qualification : |
Graduate |
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Experience : |
14 Years |
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DIN No.: |
05267532 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 03.05.2012
|
Names of Shareholders |
No. of Shares |
|
Peeush Gupta |
5000 |
|
Sushil Kumar |
5000 |
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TOTAL
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Corrugated Boxes, Printed Corrugated Boxes,
Corrugated Rolls, Corrugated Sheet, Mono Carton. |
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Products : |
·
Corrugated Boxes ·
Printed Corrugated Boxes ·
Corrugated Rolls ·
Corrugated Sheet ·
Mono Carton |
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Terms : |
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Selling : |
Cash, Credit (30 Days) |
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Purchasing : |
Cash, Credit (30 Days) |
GENERAL INFORMATION
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Customers : |
·
Retailers and Others |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
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Banking Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
New Company
Sales Turnover May 2012 to till date
Expected Sales (2012-2013) : Rs.15.000 Millions
Expected Sales (2013-2014) : Rs.30.000 Millions
The above information has been parted by Mr.Peeyush Gupta
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
Yes |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact
person |
Yes |
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11] |
Turnover of firm for last
Eight months |
Yes |
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12] |
Profitability for last
Three years |
No |
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13] |
Reasons for variation
<> 20% |
----- |
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14] |
Estimation for coming financial
year |
Yes |
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15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
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17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
Yes |
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20] |
Export / Import details
(if applicable) |
No |
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21] |
Market information |
----- |
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22] |
Litigations that the firm
/ promoter involved in |
----- |
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23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
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26] |
Buyer visit details |
----- |
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27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
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 |
Note:
Registered office of the company has been shifted from 518, Udyog
Kendra-II, Ecotech-III, Greater Noida-201306, Uttar Pradesh, India to the
present address w.e.f. 10.10.2012
FORM 8
|
Corporate
identity number of the company |
U21098UP2012PTC050322 |
|
Name of the
company |
FANTASY PACKAGING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
142, Toy City M.U.P-III, G.B. Nagar, Greater Noida, Gautam Buddha Nagar
– 201306, Uttar Pradesh, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10385772 |
|
Type of charge |
·
Movable
property (not being pledge) ·
Others |
|
Particular of
charge holder |
Canara Bank, Indirapuram Branch, Ghaziabad-201001, Uttar Pradesh,
India Email ID : casaurabhgoel.roc@gmail.com |
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Nature of
instrument creating charge |
As per Deed of Hypothecation Re: Machinery dated 29-11-2012 attached. |
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Date of
instrument Creating the charge |
29.11.2012 |
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Amount secured by
the charge |
Rs. 1.308 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest TL I - BR+3.25% p.a. i.e.13.75% p.a. presently TL II - BR+3.00% p.a. i.e.13.50% p.a. presently Terms of
repayment TL I - Repayable in 60 EMIs, each of Rs.12830.00 and last installment
of Rs.12860.00. The first of such installment shall commence from 17-11-2012 TL II - Repayable in 60 EMIs of Rs. 17350.The first of such
installment shall commence from 29-12-2012 Margin 25% i.e. Rs. Rs. 253000.00 Extent and
operation of the charge 100% |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of all Plant & Machineries installed or to be
installed, more particularly described in Schedule A of the said agreement, situated at 142, Toy City--- --Greater Noida, Gautam
Budh Nagar, Uttar Pradesh. |
|
Date of
instrument modifying the charge |
17.10.2012 |
|
Particulars of
the present modification |
The charge over
movable property i.e. Plant and Machinery of the company stands enhanced from
Rs. 0.554 Million0 to Rs. 1.308 Millions. A Fresh Term Loan (MSME) of Rs.
0.754 Million has been granted by bank to the company. |
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.53.77 |
|
|
1 |
Rs.85.13 |
|
Euro |
1 |
Rs.71.56 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPR |
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.