|
Report Date : |
20.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHULIWAL CONTAINERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-608, ITL Towers, Netaji Subhash Palace, New Delhi – 110034 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.09.1997 |
|
|
|
|
Com. Reg. No.: |
55-089861 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2.838 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1997PTC089861 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC05047A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Cosmetic and Pharmaceutical Containers,
Jars, Bottles and Flip Flop Caps. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
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 17000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company having a moderate track record. The scale
of activities is limited. The reserve of the company appears to be low. The external borrowings of
the company seems to be increasing tremendously over the years. The overall
liquidity position of the company appears to be below average. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for small to mediocre business dealings
with 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) |
|
|
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. Manish Saini |
|
Designation : |
Director |
|
Contact No.: |
91-9350504754 |
|
Date : |
17.06.2013 |
LOCATIONS
|
Registered Office : |
B-608, ITL Towers, Netaji Subhash Palace, New Delhi – 110034, India |
|
Tel. No.: |
91-11-39254156/ 27915139 |
|
Mobile No.: |
91-9910009832 (Mr. Dinesh Saini) 91-9350504754 (Mr. Manish Saini) |
|
Fax No.: |
91-11-27915139 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 3, Khasra No. 957, Village Kirar Nangloi, New Delhi – 110041,
India |
|
Area : |
4000 Sq. ft |
|
Location : |
Owned |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Manish Saini |
|
Designation : |
Director |
|
Address : |
D-100, Deepali, Pritampura, New Delhi - 110034, India |
|
Date of Birth/Age : |
29.06.1976 |
|
Date of Appointment : |
25.09.1997 |
|
DIN No.: |
00810937 |
|
|
|
|
Name : |
Mr. Shyam Saini |
|
Designation : |
Director |
|
Address : |
D-100, Deepali, Pritampura, New Delhi - 110034, India |
|
Date of Birth/Age : |
28.02.1975 |
|
Date of Appointment : |
25.09.1997 |
|
DIN No.: |
00810950 |
|
|
|
|
Name : |
Mr. Dinesh Saini |
|
Designation : |
Director |
|
Address : |
D-100, Deepali, Pritampura, New Delhi - 110034, India |
|
Date of Birth/Age : |
27.02.1974 |
|
Date of Appointment : |
25.09.1997 |
|
DIN No.: |
00810923 |
|
|
|
|
Name : |
Mr. Prem Chand Saini |
|
Designation : |
Director |
|
Address : |
D-100, Deepali, Pritampura, New Delhi - 110034, India |
|
Date of Birth/Age : |
21.07.1950 |
|
Date of Appointment : |
30.04.2011 |
|
DIN No.: |
03453528 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Manish Saini |
|
36610 |
|
Shyam Saini |
|
33010 |
|
Mewaram Saini |
|
10010 |
|
Dinesh Saini |
|
36000 |
|
Prem Chand Saini |
|
25500 |
|
Archana Saini |
|
39350 |
|
Kiran Saini |
|
23250 |
|
Seema Saini |
|
30100 |
|
Darshan Saini |
|
20000 |
|
Dinesh Saini Joint with Anuradha |
|
10 |
|
Nandani Saini |
|
30000 |
|
|
|
|
|
Total |
|
283840 |
(AS ON 29.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of Directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cosmetic and Pharmaceutical Containers, Jars,
Bottles and Flip Flop Caps. |
|
|
|
|
Products : |
·
Cosmetic and Pharmaceutical Containers ·
Jars ·
Bottles ·
Flip Top Caps ·
Containers |
|
|
|
|
Exports : |
|
|
Products : |
Cosmetic and Pharmaceutical Containers |
|
Countries : |
Nepal |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
China ·
Korea |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
25 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
Corporation Bank Nangloi Jat, Najafgarh Road, New Delhi – 110041, India ·
Small Industries Development Bank of India Videocon Tower, Ground Floor, E-1, Rani Jhansi Road, Jhandewalan
Extension, New Delhi-110055, Delhi, India ICICI Bank |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Babulal Gupta and Company Chartered Accountant |
|
Address : |
A-5/101, Yogi Dham, Yogi Nagar, Borivali (West), Mumbai – 400091,
Maharashtra, India |
|
PAN No.: |
AAFPG6228F |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
283840 |
Equity Shares |
Rs.10/- each |
Rs.2.838
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 |
|
2.838 |
2.838 |
|
(b) Reserves & Surplus |
|
1.412 |
1.210 |
|
(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 |
|
6.892 |
2.868 |
|
(b) Deferred tax liabilities (Net) |
|
0.675 |
0.650 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
0.503 |
0.855 |
|
(c) Other current
liabilities |
|
2.957 |
2.344 |
|
(d) Short-term provisions |
|
0.317 |
0.187 |
|
TOTAL |
|
15.594 |
10.952 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3.424 |
3.697 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
6.078 |
1.982 |
|
(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 |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.063 |
0.062 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
2.416 |
2.401 |
|
(c) Trade receivables |
|
0.339 |
1.217 |
|
(d) Cash and cash
equivalents |
|
0.083 |
1.473 |
|
(e) Short-term loans and
advances |
|
3.191 |
0.120 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
TOTAL |
|
15.594 |
10.952 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.499 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.155 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.654 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1.942 |
|
|
2] Unsecured Loans |
|
|
1.299 |
|
|
TOTAL BORROWING |
|
|
3.241 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.668 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.563 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.161 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.125 |
|
|
Sundry Debtors |
|
|
1.185 |
|
|
Cash & Bank Balances |
|
|
0.169 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.300 |
|
Total
Current Assets |
|
|
2.779 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.742 |
|
|
Other Current Liabilities |
|
|
0.438 |
|
|
Provisions |
|
|
0.197 |
|
Total
Current Liabilities |
|
|
1.377 |
|
|
Net Current Assets |
|
|
1.402 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.563 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11.952 |
9.409 |
8.625 |
|
|
|
Other Income |
0.000 |
0.003 |
0.016 |
|
|
|
TOTAL |
11.952 |
9.412 |
8.641 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
11.595 |
9.256 |
8.271 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.357 |
0.156 |
0.370 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.155 |
0.100 |
0.057 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.202 |
0.056 |
0.313 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.211 |
1.155 |
0.842 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.413 |
1.211 |
1.155 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.71 |
1.11 |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
12.000 |
The above information has been parted by Mr. Manish Saini.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.69
|
0.59 |
3.62 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.99
|
1.66 |
4.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.75
|
1.74 |
5.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.04 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.62
|
0.71 |
1.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60
|
1.54 |
2.02 |
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 |
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 |
No |
|
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 |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances from related Parties |
0.892 |
0.587 |
|
|
|
|
|
Total |
0.892 |
0.587 |
NOTE:
The registered office of the company has been
shifted from, Plot No.3, Khasra No.957, Village Kirar Nangloi, New Delhi –
110041, India, to the present address w.e.f. 30.09.2011.
TRADE REFERENCE:
· Bhagvati Polyplast
FIXED ASSETS:
·
Plant and Machinery
·
Computers
·
Air Conditioner
·
Electrical Installation
·
Furniture and Fixtures
· Motor Car
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.58.74 |
|
|
1 |
Rs.91.99 |
|
Euro |
1 |
Rs.78.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.