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Report Date : |
12.03.2013 |
IDENTIFICATION DETAILS
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Name : |
K.P. PACKAGING LIMITED |
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Registered
Office : |
Plot Number 32, Kamathipura 13th lane, Opposite Vira
Sadan, Nagpada, Mumbai - 400008, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
23.03.2009 |
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Com. Reg. No.: |
191123 |
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Capital
Investment / Paid-up Capital : |
Rs.20.000 Millions |
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CIN No.: [Company Identification
No.] |
U25202MH2009PLC191123 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Calendared Rigid PVC Film, Flexible PVC Films,
Aluminium Foils, used in Blister and Strip Packaging of medicines along with
Condom Laminates, Surgical Suture Laminates ORS Salts Laminates |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B (34) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 192132 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track. There appears huge external borrowings recorded by the company which acts
as a threat to company’s liquidity. The profitability of the company also
appears low. However, trade relations are reported as fair. Business is
active. Payment terms are slow but correct. The company can be considered for business dealings with some caution.
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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
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
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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
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Registered Office : |
Plot Number 32, Kamathipura 13th lane, Opposite Vira
Sadan, Nagpada, Mumbai - 400008, Maharashtra, India |
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Tel. No.: |
91-22-2307 3457 (5 Lines) |
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Fax No.: |
91-22-2307 5944 |
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Email : |
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E-Mail : |
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Factory : (Unit No.
1) |
Konark Udyog Bhavan, Bldg.No.1, Parsuram Puriya Road, Nr. Dadra Check Post, Silvassa, India - 3296 230 |
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Tel. No.: |
91 260 329 6493 / 3205882 |
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Factory : (Unit No. 2) |
Survey No : 213, Parasurampuriya Road, Near Dadra Chek Post, Silvssa - 396230 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Ketan Madhukant Vira |
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Designation : |
Director |
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Address : |
602, Ashish Tirupati Apartment, Bhulabhai Desai Road, Mumbai – 400026,
Maharashtra, India |
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Date of Birth/Age : |
01.07.1973 |
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Date of Appointment : |
23.09.2009 |
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DIN No.: |
02420236 |
OTHER DIRECTORSHIP:
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S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U28129MH1994PTC078919 |
VIRA PACKAGING
AND MARKETING P LTD |
Director |
13/06/1994 |
13/06/1994 |
- |
Active |
NO |
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2 |
U25202MH2009PLC191123 |
K.P. Packaging
Limited |
Managing
director |
23/03/2009 |
23/03/2009 |
- |
Active |
NO |
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Name : |
Mr. Ritesh Pravin Gala |
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Designation : |
Whole Time Director |
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Address : |
109B, Kashibhai Cottage Worli Village, Mumbai – 400025, Maharashtra,
India |
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Date of Birth/Age : |
04.12.1980 |
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Date of Appointment : |
16.07.2009 |
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DIN No.: |
02713828 |
OTHER DIRECTORSHIP: