|
Report Date : |
09.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
R R POLY PLAST |
|
|
|
|
Registered
Office : |
Plot No. 23 – 27, Block 232 Molvan Patiya Kim Mandvi Road, at Karanj, District
Surat - 394160, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Year of
Establishment : |
2002 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million (Estimated) |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFFR4001D |
|
|
|
|
Line of Business
: |
Manufacturer of Plastic Water Tanks. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its filed. Its scale of activities are
limited. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. The company can be considered for small business 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 – 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 |
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. Kanubhai Kumbhania |
|
Designation : |
Partner |
|
Contact No.: |
91-9825132976 |
|
Date : |
08.07.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 23 – 27, Block 232 Molvan Patiya Kim Mandvi Road, at Karanj,
District Surat - 394160, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825132976 (Mr. Kanubhai) |
|
Fax No.: |
Not Available |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Kanubhai Kumbhania |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Dhirubhai Savaliya |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Vinu Savaliya |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Deneshbhai Satani |
|
Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plastic Water Tanks. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers |
|
|
|
|
No. of Employees : |
10 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors 1 : |
|
|
Name : |
M. M. Patel Chartered Accountant |
|
|
|
|
Auditors 2 : |
|
|
Name : |
K. M. Salvliyer Chartered Accountant |
CAPITAL STRUCTURE
As on: 31.03.2013
|
Capital Investment : |
|
|
Owned : |
Rs.0.100 Million (Estimated) |
|
Borrowed : |
-- |
|
Total : |
Rs.0.100 Million
(Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
4.500 |
|
|
|
|
|
The above information has been parted by Mr. Kanubhai Kumbhania.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
|
|
|
|
|
Shri Dhirubhai Khodabhai |
|
0.440 |
0.335 |
|
Shri Kanubhai Bavchandbhai |
|
0.442 |
0.385 |
|
Shri Vinubhai Khodabhai Patel |
|
0.343 |
0.290 |
|
Shri Dineshbhai Bhikabhat |
|
0.345 |
0.292 |
|
Cholamandalam Finance Limited Loan |
|
0.554 |
0.800 |
|
Vallabhbhai Ggjibhai Vaghasia |
|
0.200 |
0.200 |
|
M D Traders |
|
0.000 |
0.372 |
|
Un Paid Sales
Tax |
|
0.002 |
0.024 |
|
|
|
|
|
|
TOTAL |
|
2.326 |
2.698 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
|
|
|
|
|
Eicher Tempo Purchase |
|
0.800 |
0.941 |
|
Factory Building |
|
0.223 |
0.223 |
|
Machinery Purchase |
|
0.216 |
0.254 |
|
Tata Tempo Purchase |
|
0.000 |
0.146 |
|
Closing Stock |
|
0.761 |
0.624 |
|
Amar Deep Traders |
|
0.008 |
0.000 |
|
Ishwar Trading |
|
0.037 |
0.000 |
|
Dharti Masheenri and Eltrical |
|
0.000 |
0.093 |
|
Nidhi Hardware |
|
0.000 |
0.039 |
|
Parasiya Enterprises |
|
0.053 |
0.120 |
|
Umiya Hardware |
|
0.079 |
0.000 |
|
R K Pipe |
|
0.000 |
0.048 |
|
Rashmi Yarn Limited |
|
0.000 |
0.003 |
|
Unai Ma Hardware Play and Ele |
|
0.000 |
0.062 |
|
Prepaid Expenses |
|
0.030 |
0.000 |
|
The Varachha Co-Operative Bank Limited |
|
0.101 |
0.117 |
|
Cash |
|
0.018 |
0.028 |
|
|
|
|
|
|
TOTAL |
|
2.326 |
2.698 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
2.570 |
2.243 |
|
|
|
Other Income |
|
0.241 |
0.000 |
|
|
|
Closing Stock |
|
0.761 |
0.624 |
|
|
|
TOTAL |
|
3.572 |
2.867 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Opening Stock |
|
0.623 |
0.140 |
|
|
|
Purchase Account |
|
1.357 |
1.622 |
|
|
|
Account Fee Expenses |
|
0.004 |
0.004 |
|
|
|
Association Fee Expenses |
|
0.000 |
0.003 |
|
|
|
Advertisement Expenses |
|
0.005 |
0.000 |
|
|
|
Bank Charges Expenses |
|
0.001 |
0.001 |
|
|
|
Capital on Interest |
|
0.156 |
0.121 |
|
|
|
Insurance Expenses |
|
0.014 |
0.000 |
|
|
|
Conveyance Expenses |
|
0.011 |
0.013 |
|
|
|
Diesel Expenses |
|
0.097 |
0.000 |
|
|
|
Driver Salary Expenses |
|
0.055 |
0.000 |
|
|
|
Factory Act fees Expenses |
|
0.002 |
0.000 |
|
|
|
Kasar Vatav |
|
0.000 |
0.000 |
|
|
|
Karigar Salary Expenses |
|
0.061 |
0.061 |
|
|
|
Loan Interest Expenses |
|
0.084 |
0.009 |
|
|
|
News Paper Expenses |
|
0.001 |
0.001 |
|
|
|
Machinery Repair Expenses |
|
0.000 |
0.026 |
|
|
|
Office Expenses |
|
0.008 |
0.007 |
|
|
|
Stationary Expenses |
|
0.000 |
0.001 |
|
|
|
Salary to Partners |
|
0.096 |
0.096 |
|
|
|
Vakil Fee Expenses |
|
0.001 |
0.001 |
|
|
|
Light Bill Expenses |
|
0.785 |
0.633 |
|
|
|
Transport Expenses |
|
0.028 |
0.023 |
|
|
|
TOTAL |
|
3.389 |
2.762 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.183 |
0.105 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.179 |
0.101 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
0.004 |
0.004 |
|
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 |
No |
|
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 two 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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
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 |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
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 |
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 records 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.61.05 |
|
|
1 |
Rs.90.89 |
|
Euro |
1 |
Rs.78.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
|
28 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.