|
Report Date : |
31.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
TUSHAR PACKAGING |
|
|
|
|
Registered
Office : |
Plot No. 11 B, MUP – ll, Ecotech – III, Greater Noida, G.B. Nagar,
Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Year of
Establishment : |
April 2013 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.926 Millions |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAIFT1866B |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited liability of the partners. |
|
|
|
|
Line of Business
: |
Manufacturer of wooden box, plywood box, pallot |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 8000 |
|
|
|
|
Status : |
Relatively New Business |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new partnership concern establishing itself
gradually. Mr. Jaipal Singh, a partner provided information and claimed that the management
is in the process of merging its age old proprietary concern having same line
of business, into the subject which will soon expand its operations. Trade relations are improving. Business is active. Payment terms are
reported as slow but correct. In view of nascency, the concern can be considered for 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
Not Available
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Jaipal Singh |
|
Designation : |
Partner |
|
Contact No.: |
91-9350171145 |
|
Date : |
29.12.2014 |
LOCATIONS
|
Registered Office / Factory : |
Plot No. 11 B, MUP – ll, Ecotech – III, Greater Noida, G.B. Nagar, |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9811776964 / 9350171145 (Mr. Jaipal Singh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
PARTNERS
|
Name : |
Mr. Jaipal Singh |
|
Designation : |
Partner |
|
Pan No.: |
AVRPS9258E |
|
|
|
|
Name : |
Mrs. Laxmidevi Singh |
|
Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of wooden box, plywood box, pallot |
|
|
|
|
Products : |
·
Wooden box ·
Plywood box ·
Pallot |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Advance Payment, L/C, Cheque and Credit |
|
|
|
|
Purchasing : |
Cash, Advance Payment, L/C, Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Bhalla and company Private Limited ·
Continental Business Syndicates ·
Madhav trading Company ·
Packwell Industries ·
Radhey shyam Timber Traders ·
Ram Kishan Dass Shyam Sunder ·
R.K.Traders ·
Shiv Trading Company ·
Shri Tirupati Industries ·
Subhash Chand Rajesh Kumar |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
·
Chep India Private Limited ·
BSN Industries Limited ·
Caparo Eng. India Private Limited ·
Mediray Health Care Private Limited ·
Oriflame India Private Limited ·
V Pac Cartons India Private Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Jain Amit and Company Chartered Accountants |
|
Address : |
D – 30, First Floor, Dayanand Block, Old Patparganj Road, Opposite
Jain Mandir, Shakarpur, New Delhi -
110092, India |
|
Tel No.: |
91-11-22526072 |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Sister Concern : |
Bharti Wood Packers, Village Habibpur, Greater Noida, |
CAPITAL STRUCTURE
As on 31.03.2014
PARTNERS’
CAPITAL ACCOUNTS
Mr. Jay Pal Singh
(Rs.
In Millions)
|
|
|
2013-2014 |
|
|
Date |
Particular |
Dr. |
Cr. |
|
01.04.2013 |
Opening Balance |
-- |
0.003 |
|
31.03.2014 |
Introduced during the year |
-- |
1.031 |
|
31.03.2014 |
Drawings during the year |
-- |
-- |
|
31.03.2014 |
Profit for the year |
-- |
0.710 |
|
31.03.2014 |
Balance carried down |
1.744 |
-- |
|
|
Balance
transferred to B/s |
|
1.744 |
Mrs. Laxmi Devi
(Rs.
In Millions)
|
|
|
2013-2014 |
|
|
Date |
Particular |
Dr. |
Cr. |
|
01.04.2013 |
Opening Balance |
-- |
0.003 |
|
31.03.2014 |
Introduced during the year |
-- |
1.100 |
|
31.03.2014 |
Drawings during the year |
-- |
-- |
|
31.03.2014 |
Profit for the year |
-- |
0.079 |
|
31.03.2014 |
Balance carried down |
1.182 |
-- |
|
|
Balance transferred
to B/s |
|
1.182 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.926 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.926 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
7.127 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
7.127 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
10.053 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
6.701 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.816 |
|
|
Sundry Debtors |
|
|
5.040 |
|
|
Cash & Bank Balances |
|
|
0.050 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.646 |
|
Total
Current Assets |
|
|
6.552 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2.336 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.864 |
|
Total
Current Liabilities |
|
|
3.200 |
|
|
Net Current Assets |
|
|
3.352 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
10.053 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
19.115 |
|
|
Other Income |
|
|
13.306 |
|
|
TOTAL |
|
|
32.421 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
|
|
16.361 |
|
|
Audit Fees |
|
|
0.020 |
|
|
Accounting Charges |
|
|
0.054 |
|
|
Admn and Edli Charges |
|
|
0.001 |
|
|
Bank Charges |
|
|
0.074 |
|
|
Employer Contribution
ESIC |
|
|
0.061 |
|
|
Employer Contribution PF |
|
|
0.010 |
|
|
Festival Expenses |
|
|
0.146 |
|
|
Generator Expenses |
|
|
0.082 |
|
|
Housekeeping Charges |
|
|
0.061 |
|
|
Insurance Expenses |
|
|
0.001 |
|
|
Interest Charges |
|
|
0.630 |
|
|
Internet Charges |
|
|
0.009 |
|
|
Other expenses |
|
|
14.024 |
|
|
TOTAL |
|
|
31.534 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
DEPRECIATION AND |
|
|
0.887 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION |
|
|
0.098 |
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
0.789 |
The above information has been parted by Mr. Jaipal Singh (Partner)
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2014 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
|
4.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
0.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
|
2.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
2.05 |
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 |
No |
|
5] |
Type of
Business |
Yes |
|
6] |
Line of
Business |
Yes |
|
7] |
Promoter's
background |
No |
|
8] |
No. of
employees |
Yes |
|
9] |
Name of
person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover of
firm for last one years |
Yes |
|
12] |
Profitability
for last one 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 |
Yes |
|
17] |
Major
suppliers |
Yes |
|
18] |
Major
customers |
Yes |
|
19] |
Payments
terms |
Yes |
|
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 |
No |
|
25] |
Conduct of
the banking account |
---------------------- |
|
26] |
Buyer visit
details |
---------------------- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
No |
|
29] |
Last accounts
filed at ROC |
No |
|
30] |
Major
Shareholders, if available |
No |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
No |
|
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 |
Fixed Assets
·
Vehicle
·
Motor Cycle
·
Invertor
·
Factory 11B
·
Machinery
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 records 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. 63.74 |
|
|
1 |
Rs. 98.87 |
|
Euro |
1 |
Rs. 77.32 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.