|
Report Date : |
06.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SSP PLASTIPACK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-85, Sector – 1, DSIIDC Industrial Area, Bawana, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.03.2010 |
|
|
|
|
Com. Reg. No.: |
55-200894 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25190DL2010PTC200894 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS41427B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAOCS0739H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Plastic Molded Components. |
|
|
|
|
No. of Employees
: |
100 (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 6000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can be considered normal for business dealing 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) |
|
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 PARTED BY
|
Name : |
Mr. Vaibhav Sharma |
|
Designation : |
Director |
|
Contact No.: |
91-9212711818 |
|
Date : |
24.04.2013 |
LOCATIONS
|
Registered Office/ Factory : |
E-85, Sector-1, DSIIDC Industrial Area, Bawana, Delhi – 110039, India |
|
Tel. No.: |
91-11-64625363/65105363/64675363 |
|
Mobile No.: |
91-9212711818 (Mr. Vaibhav Sharma) |
|
Fax No.: |
91-11-27750614 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2012
|
Name : |
Mr. Vaibhav Sharma |
|
Designation : |
Director |
|
Address : |
P-104, CR Park, New Delhi – 110019, Delhi, India |
|
Date of Birth/Age : |
27.09.1985 |
|
Date of Appointment : |
29.03.2010 |
|
DIN No.: |
02942162 |
|
|
|
|
Name : |
Mr. Sorav Sharma |
|
Designation : |
Director |
|
Address : |
P-104, CR Park, New Delhi – 110019, Delhi, India |
|
Date of Birth/Age : |
03.11.1987 |
|
Date of Appointment : |
29.03.2010 |
|
DIN No.: |
03008978 |
|
|
|
|
Name : |
Mr. Sanjay Kumar Sharma |
|
Designation : |
Director |
|
Address : |
P-104, CR Park, New Delhi – 110019, Delhi, India |
|
Date of Birth/Age : |
01.07.1961 |
|
Date of Appointment : |
29.03.2010 |
|
DIN No.: |
03009133 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Kumar Sharma |
|
8000 |
|
Vaibhav Sharma |
|
1000 |
|
Sorav Sharma |
|
1000 |
|
|
|
|
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.201
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Plastic Molded Components. |
|
|
|
|
Products : |
Jars and Containers
Bottles
Medicinal Applicators
|
|
|
|
|
Exports : |
|
|
Products : |
Plastic Molded |
|
Countries : |
Russia |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
China ·
Taiwan ·
Korea |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and credit |
|
|
|
|
Purchasing : |
Cash and credit |
GENERAL INFORMATION
|
Customers : |
End Users ·
Astaberry Biosciences (India) Private Limited ·
Combi Organochem Private Limited ·
Divya Industries Limited ·
Habib Cosmetic Private Limited ·
J. R. Herbal Care India Limited ·
Jagshar International ·
Jovees Herbal Care ·
Kundan Care Products Limited – II ·
Kundan Care Products Limited ·
Mac Personal Care Private limited ·
Naturence Research Lab Private Limited ·
Nature’s Essence Private Limited |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Punjab National Bank, Delhi ·
HDFC Bank, Delhi Branch |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Finance Institutions : |
Electronica Finance Limited, 128/A, Plot
No.3,Kailashchandra Apartments, |
|
|
|
|
Auditors : |
|
|
Name : |
SKR and Associates Chartered Accountants |
|
Address : |
Rahul Apartments, 24/24, |
|
Tel. No.: |
91-11-23277368 / 23281372 |
|
E-Mail : |
|
|
PAN No.: |
ABGPS6977F |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.562 |
0.400 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.002) |
|
|
NETWORTH |
1.662 |
0.500 |
0.098 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
1.147 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
5.354 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
6.501 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.213 |
0.034 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.875 |
7.035 |
0.098 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
13.154 |
5.211 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.104 |
0.442 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.898
|
1.852 |
0.000 |
|
|
Trade receivable |
11.176
|
4.933 |
0.000 |
|
|
Cash & Bank Balances |
0.181
|
0.225 |
0.085 |
|
|
Other Current Assets |
0.358
|
0.150 |
0.000 |
|
|
Loans & Advances |
1.738
|
0.741 |
0.000 |
|
Total
Current Assets |
15.351
|
7.901 |
0.085 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.253
|
5.685 |
0.002 |
|
|
Other Current Liabilities |
14.900
|
0.679 |
0.000 |
|
|
Provisions |
1.581
|
0.155 |
0.000 |
|
Total
Current Liabilities |
28.734
|
6.519 |
0.002 |
|
|
Net Current Assets |
(13.383)
|
1.382 |
0.083 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.015 |
|
|
|
|
|
|
|
|
TOTAL |
1.875 |
7.035 |
0.098 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Turnover |
44.689 |
31.707 |
0.000 |
|
|
|
|
|
|
|
|
|
|
TOTAL EXPENSES |
42.950 |
31.082 |
0.002 |
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
BEFORE TAX |
1.739 |
0.591 |
(0.002) |
|
|
|
|
|
|
|
|
|
|
TAX |
0.577 |
0.188 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
AFTER TAX |
1.162 |
0.403 |
(0.002) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
116.23 |
40.25 |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
80.000 |
Expected Sales (2013-2014): Rs. 100.000 Millions
The above information has been parted by Mr. Vaibhav Sharma
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.10
|
4.51 |
(2.35) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.04
|
1.18 |
(0.02) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
26.04 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.53
|
1.21 |
42.50 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OPERATIONS
During the year, the company incurred a Profit of Rs.1.738 Million as compared to Previous Year profit of Rs.0.591 Million before provision for Income Tax. The Directors are hopeful for a better result in the coming financial year
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U25190DL2010PTC200894 |
|
Name of the
company |
SSP PLASTIPACK
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
E-85, Sector-1,
DSIDC Industrial Area, Bawana, Delhi – 110039, India Email-id:- s_spolymers@yahoo.co.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
Electronica
Finance Limited, 128/A, Plot No.3,Kailashchandra Appartments, Paud Road,
Kothrud, Pune – 411038, Maharashtra, India Email-id:- finance@electronicafinance.com
|
|
Nature of
instrument creating charge |
Agreement Of
Hypothecation Dated 1st August, 2012. |
|
Date of
instrument Creating the charge |
01.08.2012 |
|
Amount secured by
the charge |
Rs. 716.295
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 14.02% Per Annum. Terms of
Repayment 48 Monthly
Installment. Margin N. A. Extent and
Operation of the charge First Charge. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hydraulically
Operated Screen Microprocessor Controlled Single Station Fully Automatic Blow
Moulding Machine Lying At E-85, Sector-1, DSIDC Industrial Area, Bawana,
Delhi-110039. |
Fixed Assets
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. 53.95 |
|
|
1 |
Rs. 83.81 |
|
Euro |
1 |
Rs. 70.50 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.