|
Report Date : |
12.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
GUPTA POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-106, Wazirpur Industrial Area, New Delhi – 110 052 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.07.1973 |
|
|
|
|
Com. Reg. No.: |
55-006691 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1973PTC006691 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELG00098A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG0178N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Plastic Products (House Hold), Plastic Raw Materials - LLDPE
Plastic Granules, HDPE Plastic Granules, White PP Granules. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 193000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having a satisfactory track record. The company is
found to be performing well. Trade relations are reported as decent. Business
is active. Payment terms are usually correct and as per commitment. The company can
be considered for business dealings 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
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.
LOCATIONS
|
Registered Office/ Head Office : |
A-106, Wazirpur Industrial Area, New Delhi – 110 052 |
|
Tel. No.: |
91-11-42475070/ 27130689/ 27373502 |
|
Fax No.: |
91-11-42475070 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Located at: ·
Ghaziabad ·
Faridabad |
DIRECTORS
As on 12.07.2012
|
Name : |
Mr. Ram Nath Gupta |
|
Designation : |
Managing Director |
|
Address : |
C-151, Phase-1, Ashok Vihar, Delhi – 110 052, India |
|
Date of Birth/Age : |
01.12.1928 |
|
Date of Appointment : |
02.07.1973 |
|
DIN No.: |
00295675 |
|
|
|
|
Name : |
Mr. Vishwa Mitter Aggarwal |
|
Designation : |
Director |
|
Address : |
B-32, Vandna Apartments, Sector-13, Rohini, Delhi – 110 085, India |
|
Date of Birth/Age : |
06.11.1944 |
|
Date of Appointment : |
18.11.2001 |
|
DIN No.: |
00295707 |
|
|
|
|
Name : |
Ms. Achala Gupta |
|
Designation : |
Additional Director |
|
Address : |
G-18, Phase-1, Ashok Vihar, Delhi – 110 052, India |
|
Date of Birth/Age : |
27.07.1961 |
|
Date of Appointment : |
01.01.2011 |
|
DIN No.: |
03262049 |
|
|
|
|
Name : |
Dr. Archana Gupta |
|
Designation : |
Additional Director |
|
Address : |
B-1/57, Phase-2, Ashok Vihar, Delhi – 110 052, India |
|
Date of Birth/Age : |
26.09.1959 |
|
Date of Appointment : |
01.01.2011 |
|
DIN No.: |
02365456 |
|
|
|
|
Name : |
Mr. Abhinav Gupta |
|
Designation : |
Additional Director |
|
Address : |
B-1/57, Phase-2, Ashok Vihar, Delhi – 110 052, India |
|
Date of Birth/Age : |
14.04.1987 |
|
Date of Appointment : |
01.01.2011 |
|
DIN No.: |
02470490 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 12.07.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ram Nath Gupta |
|
8900 |
|
Rajiv Kumar Gupta |
|
1000 |
|
Ajay Kumar Gupta |
|
1900 |
|
Chander Kanta Gupta |
|
300 |
|
Archana Gupta |
|
880 |
|
Achala Gupta |
|
450 |
|
Shiv Lata Gupta |
|
10000 |
|
Ashish Kumar Gupta |
|
500 |
|
Anuj Kumar Gupta |
|
250 |
|
Rachna Gupta |
|
700 |
|
Vishwa Mitter Aggarwal |
|
10 |
|
Bimla Gupta |
|
10 |
|
Yash Pal Aggarwal |
|
10 |
|
Kamal Gupta |
|
10 |
|
Anil Kumar Gupta |
|
60 |
|
Krishna Gupta |
|
10 |
|
Abhinav Gupta |
|
10 |
|
Total |
|
25000 |
As on 12.07.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Plastic Products (House Hold), Plastic Raw Materials - LLDPE
Plastic Granules, HDPE Plastic Granules, White PP Granules. |
|
|
|
|
Products : |
·
Linear Low Density Polyethylene ·
High Density Polyethylene |
GENERAL INFORMATION
|
Suppliers : |
·
Aggarwal and Company ·
Bawa Maharaj Singh Distributing Company ·
Contrans Shipping Private Limited ·
Saudi Basic industries ·
Phoel Industries Limited ·
Rahul Vijay and Company ·
Singal Polymers ·
Kothari Sales Agencies |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
·
Diamond Plastic Industries ·
Plasto Films ·
The Surya Industries ·
J V Enterprises ·
Jai Ganesh Polymers ·
S.R.K.T. Enterprises ·
Vasupack Private Limited ·
S K Enterprises ·
Barflex Polyfilms Private Limited ·
Aman Poly Plast Private Limited ·
Cello Plast Industries ·
Shree Raghunath Associates ·
Polytech lndia ·
Premier Products ·
Shree Jee Polymers ·
Super press Tech Engineerings ·
Neha Industries ·
Kalyani Enterprises |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
State
Bank of Patiala ·
HDFC
Bank Limited ·
YES Bank
Limited · Industrial Development Bank of India Limited |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rahul Vijay and Company Chartered Accountants |
|
Address : |
210, Vardhman Capital Mall, 10, L.S.C., Shakti Nagar, Near Gulabi
Bagh, Delhi – 110 052, India |
|
Tel. No.: |
91-11-23641717/ 23651617 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AACPG7139C |
CAPITAL STRUCTURE
As on 12.07.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 millions |
|
|
|
|
|
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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
45.641 |
39.500 |
37.232 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
48.141 |
42.000 |
39.732 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
22.045 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
21.546 |
9.756 |
7.575 |
|
|
TOTAL BORROWING |
43.591 |
9.756 |
7.575 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
91.732 |
51.756 |
47.307 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.138 |
0.112 |
0.151 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.005 |
0.005 |
0.004 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
20.370
|
12.178 |
3.701 |
|
|
Sundry Debtors |
5.471
|
6.134 |
4.251 |
|
|
Cash & Bank Balances |
102.486
|
36.204 |
42.586 |
|
|
Other Current Assets |
1.674
|
0.008 |
0.008 |
|
|
Loans & Advances |
0.398
|
0.138 |
0.026 |
|
Total
Current Assets |
130.399
|
54.662 |
50.572 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
36.316
|
1.141 |
1.135 |
|
|
Other Current Liabilities |
0.991
|
0.292 |
0.585 |
|
|
Provisions |
1.503
|
1.590 |
1.700 |
|
Total
Current Liabilities |
38.810
|
3.023 |
3.420 |
|
|
Net Current Assets |
91.589
|
51.639 |
47.152 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
91.732 |
51.756 |
47.307 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
182.432 |
86.651 |
173.734 |
|
|
|
Other Income |
9.311 |
6.838 |
NA |
|
|
|
TOTAL (A) |
191.743 |
93.489 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
177.676 |
92.532 |
NA |
|
|
|
Changes in inventories of stock-in-trade |
(8.192) |
(8.477) |
NA |
|
|
|
Employee Benefit Expenses |
1.018 |
0.847 |
NA |
|
|
|
Other Administrative Expenses |
7.751 |
1.846 |
NA |
|
|
|
TOTAL (B) |
178.253 |
86.748 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.490 |
6.741 |
21.013 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.220 |
1.256 |
1.403 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.270 |
5.485 |
19.610 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.027 |
0.037 |
0.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
11.243 |
5.448 |
19.563 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.650 |
1.723 |
6.671 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.593 |
3.725 |
12.892 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
25.000 |
23.732 |
13.302 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1.000 |
1.000 |
1.000 |
|
|
|
Proposed Dividend |
1.250 |
1.250 |
1.250 |
|
|
|
Tax on Dividend |
0.203 |
0.207 |
0.212 |
|
|
BALANCE CARRIED
TO THE B/S |
30.140 |
25.000 |
23.732 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials/ Components/ Spare Parts |
110.009 |
72.434 |
88.316 |
|
|
TOTAL IMPORTS |
110.009 |
72.434 |
88.316 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
304.00 |
149.00 |
515.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.96
|
3.98 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.16
|
6.29 |
11.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.61
|
9.95 |
38.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.13 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.91
|
0.23 |
0.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.36
|
18.08 |
14.79 |
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 |
Yes |
|
18) Major customers |
Yes |
|
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 Loans |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Loans and Advances from related Parties |
|
|
|
Shiv Lata Gupta |
5.808 |
1.555 |
|
Anil Kumar Gupta |
3.966 |
3.140 |
|
Loans from Directors |
|
|
|
Ram Nath Gupta |
4.438 |
0.797 |
|
Vishwa Mitter
Aggarwal |
1.650 |
0.550 |
|
Archana Gupta |
3.109 |
2.469 |
|
Abhinav Gupta |
2.053 |
1.245 |
|
Achala Gupta |
0.522 |
0.000 |
|
Total |
21.546 |
9.756 |
FIXED ASSETS:
·
Vehicles
·
Computer/ Laptop
·
Diesel Pump Set
·
Fans
·
Fax Machine
·
Fire Extinguisher
·
Furniture and Fixture
·
Machinery
·
Power Inverter
·
Printer (HP)
·
Telephone and Mobile
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.54.29 |
|
|
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.