MIRA
INFORM REPORT
|
Report Date : |
27.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
WELPACK INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
WELPACK INDUSTRIES LIMITED |
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Registered
Office : |
87, Government Industrial Estate, Ganesh Nagar, Charkop, Kandivali (West), Mumbai – 400067, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of Incorporation
: |
28.11.2002 |
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Com. Reg. No.: |
11-138024 |
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Capital
Investment / Paid-up Capital : |
Rs. 14.797 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200MH2002PTC138024 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMW02087B |
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Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer, Trader and Exporter of Plastic Bags and Rolls
and also engaged in Wind Mill project for generation and sale of power. |
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|
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|
No. of Employees
: |
370 (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 375000 |
|
|
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a satisfactory track record. The company has seen a significant growth in its sales turnover as
well as profitability during 2012. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. The company can be considered normal for business dealings at usual
trade terms and condition. |
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 [GENERAL DETAILS]
|
Name : |
Ms. Neeta |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-28678111 |
|
Date : |
26.07.2012 |
LOCATIONS
|
Registered / Corporate Office : |
87, Government Industrial Estate, Ganesh Nagar, Charkop, Kandivali (West),
Mumbai – 400067, Maharashtra, India |
|
Tel. No.: |
91-22-28678111/ 28015222 |
|
Fax No.: |
91-22-28695035 |
|
E-Mail : |
accounts@welpackind.com |
|
Website : |
|
|
Area : |
1200 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Factory : |
Survey No.192/2, Village Saily, Near Castrol, Silvassa - 396230, Union
Territory of Dadra and Nagar Haveli, India |
|
Tel. No.: |
91-260-2630310 |
|
Fax No.: |
91-260-2644509 |
|
Area : |
1.7 Acres |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Arvindkumar Ratilal Sanghvi |
|
Designation : |
Director |
|
Address : |
5, Vandana Adarsh Society Road, Opposite Carmel High School, Marve
Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
04.08.1951 |
|
Date of Appointment : |
28.11.2002 |
|
DIN No.: |
01380557 |
|
|
|
|
Name : |
Mr. Nimesh Arvindkumar Sanghvi |
|
Designation : |
Director |
|
Address : |
5, Vandana Adarsh Society Road, Opposite Carmel High School, Marve Road,
Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
03.11.1974 |
|
Date of Appointment : |
20.07.2006 |
|
DIN No.: |
00832314 |
|
|
|
|
Name : |
Mr. Vikram Arvindkumar Sanghvi |
|
Designation : |
Director |
|
Address : |
5, Vandana Opposite Carmel School Adarsh Soc Road, Off Marve Road,
Malad (West) , Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1977 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
02212285 |
|
|
|
|
Name : |
Mrs. Rekha Arvind Sanghvi |
|
Designation : |
Director |
|
Address : |
5, Vandana Opposite Carmel School Adarsh Society Road, Off Marve Road,
Malad (West) , Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
24.10.1951 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
03049166 |
KEY EXECUTIVES
|
Name : |
Ms. Neeta |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Equity Shares
[Having Voting Rights] |
|
|
|
Arvind Sanghvi |
|
243800 |
|
Vikram Sanghvi |
|
54739 |
|
Nimesh Sanghavi |
|
46500 |
|
Hetal N Sanghvi |
|
75810 |
|
Arvind Sanghvi [HUF] |
|
30000 |
|
Priti Sanghvi |
|
57000 |
|
Rekha Sanghvi |
|
89261 |
|
|
|
|
|
Total |
|
597110 |
|
Names of Shareholders |
|
No. of Shares |
|
Equity Shares
[Having Non-Voting Rights] |
|
|
|
Arvind Sanghvi |
|
158000 |
|
Rekha Sanghvi |
|
59500 |
|
Nimesh Sanghavi |
|
165674 |
|
Hetal N Sanghvi |
|
79690 |
|
Vikram Sanghvi |
|
164435 |
|
Arvind Sanghvi [HUF] |
|
118343 |
|
Priti Sanghvi |
|
97000 |
|
Manju Vijayraj Mehta |
|
15000 |
|
Vijayraj Mehta |
|
25000 |
|
|
|
|
|
Total |
|
882642 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
95.61 |
|
Other
top fifty shareholders |
|
4.39 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Exporter of Plastic Bags and Rolls
and also engaged in Wind Mill project for generation and sale of power. |
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Products/ Services : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
USA Japan |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Plastic Bags, Tubing and Sheets
|
MT |
13000 |
5943.32 |
|
|
|
|
|
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
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No. of Employees : |
370 (Approximately) |
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Bankers : |
HDFC Bank Limited, HDFC House, Senapati Bapat Marg, Lower Parel
(West), Mumbai – 400013, Maharashtra, India [Tel No.: 91-22-66521308] |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
J. D. Shah Associates Chartered Accountants |
|
Address : |
102, Oriental House, 229/231, Samuel Street, Masjid Bunder, Mumbai –
400003, Maharashtra, India |
|
Tel. No.: |
91-22-23421044 |
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E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAKPS7937A |
|
|
|
|
Enterprises
in which KMP can exercise significant influence : |
Rayan Plast Sanghvi Fab Sanghvi Polymers Stationery
Station Plastic House |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,500,000 |
Equity Shares [Voting Rights] |
Rs. 10/- each |
Rs. 15.000 Millions |
|
1,500,000 |
Equity Shares [Non-Voting Rights] |
Rs. 10/- each |
Rs. 15.000 Millions |
|
|
Total |
|
Rs. 30.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
597,110 |
Equity Shares [Voting Rights] |
Rs. 10/- each |
Rs. 5.971
Millions |
|
882,642 |
Equity Shares [Non-Voting Rights] |
Rs. 10/- each |
Rs. 8.826 Millions |
|
|
Total |
|
Rs. 14.797
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
14.797 |
14.797 |
|
(b) Reserves & Surplus |
|
78.948 |
54.323 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
12.500 |
|
Total
Shareholders’ Funds (1) + (2) |
|
93.745 |
81.620 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
29.260 |
1.043 |
|
(b) Deferred tax liabilities (Net) |
|
3.190 |
3.879 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
32.450 |
4.922 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
100.514 |
43.408 |
|
(b)
Trade payables |
|
37.702 |
25.634 |
|
(c)
Other current liabilities |
|
29.901 |
30.003 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
|
168.117 |
99.045 |
|
|
|
|
|
|
TOTAL |
|
294.312 |
185.587 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
68.942 |
57.420 |
|
(ii)
Intangible Assets |
|
21.296 |
2.890 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
13.265 |
8.441 |
|
(e) Other
Non-current assets |
|
1.326 |
0.824 |
|
Total Non-Current
Assets |
|
104.829 |
69.575 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
96.834 |
30.726 |
|
(c)
Trade receivables |
|
60.696 |
56.039 |
|
(d) Cash
and cash equivalents |
|
11.978 |
8.631 |
|
(e)
Short-term loans and advances |
|
19.975 |
20.616 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
189.483 |
116.012 |
|
|
|
|
|
|
TOTAL |
|
294.312 |
185.587 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
21.221 |
|
|
2] Share Application Money |
|
|
13.900 |
|
|
3] Reserves & Surplus |
|
|
36.542 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
71.663 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
50.991 |
|
|
2] Unsecured Loans |
|
|
5.987 |
|
|
TOTAL BORROWING |
|
|
56.978 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.483 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
133.124 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
51.057 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
23.601
|
|
|
Sundry Debtors |
|
|
63.824
|
|
|
Cash & Bank Balances |
|
|
6.833
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
23.179
|
|
Total
Current Assets |
|
|
117.437
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
19.205
|
|
|
Other Current Liabilities |
|
|
11.115
|
|
|
Provisions |
|
|
5.050
|
|
Total
Current Liabilities |
|
|
35.370
|
|
|
Net Current Assets |
|
|
82.067
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
133.124 |
|
7
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
574.755 |
462.714 |
421.845 |
|
|
|
Other Income |
0.702 |
0.488 |
1.179 |
|
|
|
TOTAL (A) |
575.457 |
463.202 |
423.024 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
493.880 |
|
|
|
|
|
Changes in inventories of finished goods work in progress and stock in
trade |
(42.064) |
5.532 |
|
|
|
|
Employee Benefit Expenses |
7.922 |
5.336 |
|
|
|
|
Other Expenses |
63.277 |
48.014 |
|
|
|
|
TOTAL (B) |
523.015 |
426.952 |
387.884 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
52.442 |
36.250 |
35.140 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.927 |
7.152 |
12.345 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
41.515 |
29.098 |
22.795 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.341 |
7.996 |
6.552 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
30.174 |
21.102 |
16.243 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.348 |
3.321 |
1.021 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
24.826 |
17.781 |
15.222 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1.194 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4.216 |
53.614 |
31.636 |
|
|
|
Capital Goods |
4.297 |
3.821 |
3.953 |
|
|
TOTAL IMPORTS |
8.513 |
57.435 |
35.589 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.78 |
12.02 |
7.18 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.31
|
3.84 |
3.60 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.25
|
4.56 |
3.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.25
|
11.37 |
9.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.26 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.38
|
0.54 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
1.17 |
3.32 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
HDFC
Term Loan A/C 2946357 |
0.000 |
|
|
|
HDFC
Term Loan A/C 2963704 |
0.000 |
3.690 |
|
|
HDFC
Term Loan A/C 2992371 |
0.092 |
1.025 |
|
|
HDFC
Term Loan A/C 3100786 |
0.108 |
0.238 |
|
|
HDFC
Buyers Credit Facility |
0.000 |
1.731 |
|
|
HDFC Car
Loan 17036044 (Pajero) |
0.623 |
0.574 |
|
|
HDFC Term Loan A/C 3393043 |
4.592 |
0.000 |
|
|
Kotak
Mahindra Bank Limited |
0.000 |
0.170 |
|
|
Barclays
Bank PLC |
0.000 |
0.650 |
|
|
SCB A/C |
0.000 |
0.508 |
|
|
Reliance
Capital Limited |
0.000 |
0.281 |
|
|
Total |
5.415 |
10.086 |
NA |
|
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 |
Yes |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
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 |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
80021145 |
08/06/2013 * |
221,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA, INDIA |
B77115285 |
* Date of charge modification
CORPORATE INFORMATION
Subject is a Private Limited company domiciled in India and
incorporated under the provisions of the Companies Act, 1956. The company is
engaged primarily in the business of Manufacturing, Trading and Exporting of
Plastic Bags.
Apart from the above the company is also engaged in Wind Mill project for generation and sale of power.
FIXED ASSETS:
v Factory Gala
v Plant and Machinery
v Electric Installation
v Loft
v Land
v
v Computer System
v Fire Extinguisher
v Telephone Equipment
v Dies and Moulds
v Motor Car
v Motor Cycle
v Cycle
v Refrigerator
v Water Cooler
v Furniture and Fixture
v Windmill
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. 58.91 |
|
|
1 |
Rs. 90.68 |
|
Euro |
1 |
Rs. 78.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
|
DEFAULTERS |
|
|
|
--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.