|
Report Date : |
17.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAJBEN PLAST
FILMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5/28, Kirti Nagar,
Industrial Area, New Delhi – 110 015 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.04.1973 |
|
|
|
|
Com. Reg. No.: |
55-006585 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.043
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1973PTC006585 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Supplier
and Importer of a comprehensive range of PVC Films,
Pet Films, and Aluminum Films. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 10000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its field. It’s scale of activities are
limited. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealings 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 |
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 DECLINED
Management non-cooperative
(Tel. No.: 91-11-25195094)
LOCATIONS
|
Registered Office : |
5/28, Kirti
Nagar, Industrial Area, New Delhi – 110 015, India |
|
Tel. No.: |
91-11-41424539/ 25195094 |
|
Fax No.: |
91-11-25935437 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Pawan Kumar Goyal |
|
Designation : |
Director |
|
Address : |
FF-I/66, Kirti Nagar, New Delhi – 110 015, India |
|
Date of Appointment : |
01.05.1997 |
|
DIN No.: |
01909579 |
|
|
|
|
Name : |
Mr. Sanjay Sidhar |
|
Designation : |
Director |
|
Address : |
213, Gangotri Apartment, PKT 1, Sector – 12, Dwarka, New Delhi – 110
075, India |
|
Date of Birth/Age : |
04.10.1972 |
|
Date of Appointment : |
16.08.2010 |
|
DIN No.: |
03174153 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Pawan Kumar Goyal |
|
56700 |
|
Wizard Realcon Private Limited, India |
|
10000 |
|
Vijay Laxmi |
|
18800 |
|
Tushar Goel |
|
9400 |
|
Yash Goel |
|
9400 |
|
Wizard Developers Private Limited, India |
|
50000 |
|
Focus Troudimpex, India |
|
50000 |
|
Total
|
|
204300 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
54.00 |
|
Directors
or relatives of directors |
|
46.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier
and Importer of a comprehensive range of PVC Films,
Pet Films, and Aluminum Films. |
|
|
|
|
Products : |
·
PVC Films ·
Square Plastic Container ·
Pet Films ·
Pet Lamination Film ·
Aluminum Films ·
Pet Films, PVC Shrink Films ·
Hips Sheets ·
Plastic Sheets ·
PP Sheets ·
Packaging Material ·
PVC Shrink Films ·
PVC Plastic Sheets ·
ABS Sheets Films ·
MIP Sheets ·
Laminated PVC Films ·
Disposable PVC Products ·
PVC Packaging Films ·
Plastic Bowls ·
Plastic Food Containers ·
Plastic Container |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
2010-11 |
|
Installed capacity (As certified by the Director) |
120 M.T. |
|
Licenced capacity |
N.A. |
|
Actual Production |
154375.850 Kgs. |
|
Particulars |
Unit |
Actual
Production |
|
Rigid PVC Tube, Film and Compound |
Kgs. |
154375.850 |
|
Waste |
Kgs. |
7723.750 |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
Bank of Baroda, Shakti Nagar, Delhi – 110 007,
India ·
HDFC Bank Limited |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bhasin Raghavan and Company Chartered Accountants |
|
Address : |
F-48, Bhagat Singh Market, New Delhi – 110 001, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFB3200F |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
245000 |
Equity Shares |
Rs.10/- each |
Rs.2.450 millions |
|
100 |
Preference Shares |
Rs.500/- each |
Rs.0.050 million |
|
|
Total |
|
Rs.2.500
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
204300 |
Equity Shares |
Rs.10/- each
|
Rs.2.043
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 |
|
2.043 |
2.043 |
|
(b) Reserves & Surplus |
|
0.405 |
0.396 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) Long-term borrowings |
|
1.417 |
1.500 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
3.128 |
4.928 |
|
(b) Trade payables |
|
2.504 |
1.071 |
|
(c) Other current
liabilities |
|
0.204 |
0.167 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
TOTAL |
|
9.701 |
10.105 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1.297 |
1.230 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(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 |
|
0.917 |
0.874 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
2.942 |
3.432 |
|
(c) Trade receivables |
|
4.064 |
3.933 |
|
(d) Cash and cash
equivalents |
|
0.453 |
0.428 |
|
(e) Short-term loans and
advances |
|
0.028 |
0.208 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
TOTAL |
|
9.701 |
10.105 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.043 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.912 |
|
|
4] (Accumulated Losses) |
|
|
(0.642) |
|
|
NETWORTH |
|
|
1.313 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.833 |
|
|
2] Unsecured Loans |
|
|
3.455 |
|
|
TOTAL BORROWING |
|
|
7.288 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.601 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.282 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3.100 |
|
|
Sundry Debtors |
|
|
3.958 |
|
|
Cash & Bank Balances |
|
|
0.904 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1.083 |
|
Total
Current Assets |
|
|
9.045 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.515 |
|
|
Other Current Liabilities |
|
|
0.188 |
|
|
Provisions |
|
|
0.023 |
|
Total
Current Liabilities |
|
|
1.726 |
|
|
Net Current Assets |
|
|
7.319 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.601 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
TURNOVER |
11.714 |
13.860 |
15.215 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.218 |
0.359 |
0.242 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.211 |
0.215 |
0.202 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
0.007 |
0.144 |
0.040 |
|
|
|
|
|
|
|
Less |
TAX |
0.514 |
0.660 |
0.682 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(0.507) |
(0.516) |
(0.642) |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(2.48) |
(2.53) |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.07
|
1.43 |
0.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.06 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.86
|
2.64 |
5.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.30 |
5.24 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
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 |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
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 |
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 |
|
Unsecured Loan |
As
on 31.03.2012 (Rs.
in Millions) |
As
on 31.03.2011 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from Director and Associates |
3.128 |
4.928 |
|
Total
|
3.128 |
4.928 |
FINANCIAL ACTIVITIES:
The company has
achieved a turnover of Rs.11.714 millions as compared to Rs.13.860 millions in
the previous year. During the year the Company has incurred a Profit of
Rs.0.007 million after providing depreciation of Rs.0.211 million. The
accumulated loss of the company stood at Rs 0.507 million.
FIXED ASSETS:
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipments
·
Air Conditioner
·
Electric installation
·
Fire Extinguisher
·
Exhaust Fan
·
Generator
·
Weighing Scale
·
Computer
·
Telephone
·
Car
·
External USB
·
CCTV Camera
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.57.74 |
|
|
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
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 |
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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.