MIRA INFORM REPORT
|
Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
KAMA PROTO-PACK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-309,Nand Dham, Plot No-59, Sector-11 C.B.D Belapur, Navi
Mumbai – 400614, Maharashtra |
|
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.01.2010 |
|
|
|
|
Com. Reg. No.: |
11-198389 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Rs.1.250 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2010PTC198389 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Wooden Pallet. |
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|
|
|
No. of Employees
: |
10 (Approximately) (In Office + In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20000 |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was established as a proprietory concern in the year 1995 with
the name “Kama Enterprise” and got converted in to private limited in the
year 2010. It is an established company having moderate track record. The company
has recorded modest scale of operation and profitability during the current
year. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
CRISIL |
|
Rating |
SE 3B |
|
Rating Explanation |
Moderate performance capability and moderate financial strength. |
|
Date |
August, 2012 |
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 : |
Ms. Anita |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-27564405 |
|
Date : |
22.01.2013 |
LOCATIONS
|
Registered Office : |
A-309,Nand Dham, Plot No-59, Sector-11 C.B.D Belapur, Navi
Mumbai – 400614, Maharashtra, India |
|
Tel. No.: |
91-22-27564405 |
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Fax No.: |
91-22-27564403 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
|
|
|
Factory : |
Khopoli, Maharashtra, India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Narayan Devram Ghodekar |
|
Designation : |
Director |
|
Address : |
A802, Shree Balaji, Plot 19A, Sec-20, Kharghar, Mumbai – 410210,
Maharashtra, India |
|
Date of Appointment : |
04.01.2010 |
|
DIN No.: |
02420387 |
|
|
|
|
Name : |
Mrs. Gouri Narayan Ghodekar |
|
Designation : |
Director |
|
Address : |
A802, Shree Balaji, Plot 19A, Sec-20, Kharghar, Mumbai – 410210,
Maharashtra, India |
|
Date of Birth/Age : |
14.06.1982 |
|
Date of Appointment : |
01.03.2011 |
|
DIN No.: |
03447373 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Narayan Devram Ghodekar |
|
122500 |
|
Gouri Narayan Ghodekar |
|
2500 |
|
Total |
|
125000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Wooden Pallet. |
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Imports : |
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Products : |
Raw material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
10 (Approximately) (In Office + In Factory) |
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Bankers : |
Contact
No.: 91-22-27572575 / 27573351
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Santosh Kadam and Associates Chartered Accountants |
|
Address : |
Office No. 5, Ground Floor, Damodar Apartment, Behind Ashok
Cinema,Thane West, Thane – 400601, Maharashtra, India |
|
Tel. No.: |
91-22-65296600 |
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Mobile No.: |
91-9819243694 |
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E-Mail : |
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PAN No.: |
ALUPK1277G |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125000 |
Equity Shares |
Rs.10/- each |
Rs.1.250
Millions |
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|
|
|
|
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 |
1.250 |
1.250 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3.629 |
2.944 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4.879 |
4.194 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.473 |
3.129 |
0.000 |
|
|
2] Unsecured Loans |
6.401 |
5.519 |
0.000 |
|
|
TOTAL BORROWING |
7.874 |
8.648 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.003 |
0.004 |
0.000 |
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|
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|
|
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TOTAL |
12.756 |
12.846 |
0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
11.731 |
5.723 |
0.000 |
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|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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INVESTMENT |
0.160 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.246
|
1.126 |
0.000 |
|
|
Sundry Debtors |
4.792
|
9.456 |
0.000 |
|
|
Cash & Bank Balances |
0.761
|
4.124 |
0.100 |
|
|
Other Current Assets |
1.865
|
0.125 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
7.664
|
14.831 |
0.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.284
|
7.059 |
0.025 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
1.515
|
0.649 |
0.000 |
|
Total
Current Liabilities |
6.799
|
7.708 |
0.025 |
|
|
Net Current Assets |
0.865
|
7.123 |
0.075 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.025 |
|
|
|
|
|
|
|
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TOTAL |
12.756 |
12.846 |
0.100 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
34.021 |
7.873 |
0.000 |
|
|
|
Other Income |
|
0.000 |
|
|
|
|
TOTAL (A) |
34.021 |
7.873 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating Expenses |
24.568 |
|
|
|
|
|
Payments to Employees |
3.297 |
|
|
|
|
|
Administration and Other Expenses |
4.492 |
|
|
|
|
|
TOTAL (B) |
32.357 |
7.233 |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.664 |
0.641 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.162 |
0.001 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.502 |
0.640 |
0.000 |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.483 |
0.007 |
0.000 |
|
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|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.019 |
0.633 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.334 |
0.219 |
0.000 |
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|
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|
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|
PROFIT AFTER TAX
(G-H) (I) |
0.685 |
0.414 |
0.000 |
|
|
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|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.414 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.099 |
0.414 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.48 |
NA |
0.00 |
|
Expected Sales (2012-2013): Rs. 60.000 Million
The above information has been parted by Ms. Anita.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.01 |
5.26 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
8.04 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.25 |
3.08 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.15 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.01 |
3.90 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.92 |
4.00 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
(Rs.
In Millions)
|
Particulars
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Sundry Creditors |
6.444 |
7.059 |
0.025 |
PARTIAL
DETAILS (SUNDRY CREDITORS)
|
Particulars
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
Baba Pest Control |
0.035 |
0.043 |
|
Dalal Enterprises |
0.064 |
0.052 |
|
Hi-Tech Packaging Products |
0.036 |
0.053 |
|
Patalganga Timbers |
1.242 |
0.391 |
|
Protective Packaging |
0.055 |
0.010 |
|
Santosh S kadam and Associates |
0.120 |
0.013 |
|
Sara Packing Solutions |
1.784 |
1.634 |
|
Trimurti Warehousing Corporation |
0.034 |
0.045 |
|
V R Enterprises |
0.001 |
0.098 |
UNSECURED LOANS
DETAILS:
(Rs.
In Millions)
|
UNSECURED LOAN |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
|
|
|
|
Loans and
Advances from Share Holders / Directors / Related Parties |
|
|
|
Gouri Narayan Ghodekar |
3.000 |
3.000 |
|
Narayan Ghodekar (HUF) |
3.007 |
2.100 |
|
Milind Vichare |
0.394 |
0.419 |
|
Total |
6.401 |
5.519 |
|
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 three years |
Yes |
|
12] |
Profitability for last three 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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
No |
|
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 |
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 |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74999MH2010PTC198389 |
|
Name of the
company |
KAMA PROTO-PACK
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
A-309,Nand Dham,
Plot No-59, Sector-11 C.B.D Belapur, Navi Mumbai – 400614, Maharashtra, India E-mail Id : santoshskadam@gmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Book debts Floating charge |
|
Particular of
charge holder |
Bank of
Maharashtra, C.B.D. Belapur Branch, Gala 43-44 Sector I Shopping Centre, Navi
Mumbai - 400614, Maharashtra, India E-mail Id : bom890@mahabank.co.in |
|
Nature of
instrument creating charge |
Composite Deed of
Hypothecation for all facilities |
|
Date of
instrument Creating the charge |
27.03.2012 |
|
Amount secured by
the charge |
Rs.10.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate + 2.50%
(At present 13.10 % p.a.) subject to changes from time to time as per Banks
Policies/RBI Guidelines Terms of
Repayment On demand Margin 25% in Banks
favour Extent and
Operation of the charge Paid stocks,
Book-debts(Described in the third Schedule of deed), Equitable mortgage of
Office premises. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Paid stocks,
Book-debts Equitable mortgage
of Office premises No 9 III Floor A wing Shree Nand Dham CHS Sector 11 CBD
Belapur admeasuring 457 Sq. ft. in the Name of N. D. Ghodekar |
FIXED ASSETS:
- Air
Conditioner
- Colour
Television
- Computer and
Printer
- Digital
Camera
- Electronics
Fittings
- Furniture and
Fixtures
- Mobile Phone
- Vehicles
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.53.85 |
|
|
1 |
Rs.85.26 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
TOTAL |
|
30 |
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.