|
Report Date : |
11.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
BLOOM SEAL CONTAINERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4th Floor, Ready Money Terrace No.167, Dr. Annie Basant
Road, Worli Naka, Mumbai – 400018, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.08.2006 |
|
|
|
|
Com. Reg. No.: |
11-164055 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74950MH2006PTC164055 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB17288F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCB0013C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Plastic and Plastic Products, Plastic
Containers. |
|
|
|
|
No. of Employees
: |
160 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 110000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The company has recorded losses from its operational activities during
the financial year 2013. External borrowing of the company seems to be huge. However, trade relations are fair. Business is active. Payment terms
are slow. The company can be considered for business dealing with great 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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million estimated
losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260 million
in September, 2012, according to Deloitte report. The number of transactions
has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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. Jatin Shah |
|
Designation : |
Marketing Person |
|
Contact No.: |
91-9223174758 |
|
Date : |
18.12.2013 |
LOCATIONS
|
Registered Office Factory 1: |
4th Floor, Ready Money Terrace No.167, Dr. Annie Basant
Road, Worli Naka, Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-61233536/24930560/24970561/61233500/13 |
|
Mobile No.: |
91-9223174758 (Mr. Jatin Shah) |
|
Fax No.: |
91-22-24938826 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Plot No.13/14/15, Part 2nd, Bharat Indl – Estate, Bhimpore Daman –
396210, Gujarat, India |
|
Tel. No.: |
91-260-6450161/165 |
|
|
|
|
Factory 3: |
Plot No.282/1, Begarm Road, GIDC Vapi – 396195, Gujarat, India |
|
Tel. No.: |
91-260-6450166/67 |
|
Area : |
35000 sq ft |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Pradeep Kumar Nathalal Sagar |
|
Designation : |
Director |
|
Address : |
2 –B Sursagar, SN Road, No. 1 Juhu Scheme, Vile Parle (West), Mumbai –
400056, Maharashtra, India |
|
Date of Birth/Age : |
27.11.1956 |
|
Date of Appointment : |
25.08.2006 |
|
DIN No.: |
00240667 |
Other Directorship:
|
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U65990MH1994PTC077491 |
BLOOM PACKAGING PRIVATE
LIMITED |
Managing
director |
14/03/1995 |
14/03/1995 |
Active |
NO |
|
2 |
U24110GJ1980PTC004076 |
NERKA CHEMICALS
PRIVATE LIMITED |
Director |
28/09/1995 |
28/09/1995 |
Active |
NO |
|
3 |
U25202DD1997PTC002368 |
BLOOM INDUSTRIAL
PLASTICS PRIVATE LIMITED |
Managing
director |
26/06/1997 |
26/06/1997 |
Active |
NO |
|
4 |
U74950MH2006PTC164055 |
BLOOM SEAL
CONTAINERS PRIVATE LIMITED |
Director |
25/08/2006 |
25/08/2006 |
Active |
NO |
|
5 |
U92412MH2013NPL243490 |
INTERNATIONAL TOPPER
CLASS ASSOCIATION OF INDIA |
Director |
22/05/2013 |
22/05/2013 |
Active |
NO |
|
Name : |
Mr. Adiyil Chandrasekhar Narayanan Kondath Menon |
|
Designation : |
Director |
|
Address : |
9-2 Khar Samrudhi CHS LD07137B 12th Road, Khar (West), Mumbai
– 400052, Maharashtra, India |
|
Date of Birth/Age : |
10.09.1938 |
|
Date of Appointment : |
25.08.2006 |
|
DIN No.: |
00213039 |
Other Directorship:
|
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 |
U21020GJ1993PLC019815 |
PAR POLYPACK
INDIA LIMITED |
Director |
12/07/1993 |
12/07/1993 |
- |
Active |
NO |
|
2 |
U65990MH1994PTC077491 |
BLOOM PACKAGING
PRIVATE LIMITED |
Director |
08/07/1994 |
08/07/1994 |
- |
Active |
NO |
|
3 |
U51900MH1995PTC092301 |
ARCHANA OVERSEAS
PRIVATE LIMITED |
Director |
12/07/1996 |
12/07/1996 |
- |
Active |
NO |
|
4 |
U21010GJ1981PTC027308 |
DAMAN GANGA PULP
AND PAPERS PRIVATE LIMITED (TR CO FROM MAHARASHTRA) |
Director |
10/01/1997 |
10/01/1997 |
- |
Active |
NO |
|
5 |
U25202DD1997PTC002368 |
BLOOM INDUSTRIAL
PLASTICS PRIVATE LIMITED |
Director |
26/06/1997 |
26/06/1997 |
- |
Active |
NO |
|
6 |
U70100MH1995PTC087215 |
SEIKO PROPERTIES
PRIVATE LIMITED |
Director |
30/01/2001 |
30/01/2001 |
- |
Active |
NO |
|
7 |
U65990GJ1991PTC027309 |
ESTHETIC FINVEST
PRIVATE LIMITED |
Director |
28/05/2001 |
28/05/2001 |
- |
Active |
NO |
|
8 |
U65990GJ1986PTC027314 |
SHATATARAKA
HOLDINGS PRIVATE LIMITED (TR CO FROM MAHARASHTRA) |
Director |
28/05/2001 |
28/05/2001 |
- |
Active |
NO |
|
9 |
U24110GJ1980PTC004076 |
NERKA CHEMICALS
PRIVATE LIMITED |
Director |
04/09/2002 |
04/09/2002 |
- |
Active |
NO |
|
10 |
U65910GJ1993PTC027347 |
SADAFULI FINVEST
PRIVATE LIMITED (TR CO FROM MAHARASHTRA) |
Director |
10/06/2003 |
10/06/2003 |
- |
Active |
NO |
|
11 |
U70101MH2004PTC146745 |
ACCOLADE
PROPERTIES PRIVATE LIMITED |
Director |
01/11/2004 |
01/11/2004 |
- |
Active |
NO |
|
12 |
U74910MH2004PTC149655 |
ISERV SECURITY
AND SERVICES PRIVATE LIMITED |
Director |
23/11/2004 |
23/11/2004 |
26/03/2010 |
Active |
NO |
|
13 |
U74950MH2006PTC164055 |
BLOOM SEAL
CONTAINERS PRIVATE LIMITED |
Director |
25/08/2006 |
25/08/2006 |
- |
Active |
NO |
|
14 |
U45201MH2006PLC164867 |
MRUGAL
PROPERTIES LIMITED |
Director |
23/09/2006 |
23/09/2006 |
- |
Active |
NO |
|
15 |
U45201MH2006PLC164917 |
AGRAJA
PROPERTIES LIMITED |
Director |
26/09/2006 |
26/09/2006 |
- |
Active |
NO |
|
16 |
U74140MH1972PTC015858 |
TEKNOMIC
CONSULTANTS PRIVATE LIMITED |
Director |
22/01/2007 |
22/01/2007 |
- |
Active |
NO |
|
17 |
U01409GJ2007PTC050222 |
BENCH BIO
PRIVATE LIMITED |
Director |
15/03/2007 |
15/03/2007 |
- |
Active |
NO |
|
18 |
U45200MH2003PTC142055 |
MAGNUS
PROPERTIES PRIVATE LIMITED |
Director |
16/09/2011 |
16/09/2011 |
- |
Active |
NO |
|
19 |
U45200MH2002PTC137414 |
HARDSTONE
PROPERTIES (INDIA) PRIVATE LIMITED |
Director |
16/09/2011 |
16/09/2011 |
- |
Active |
NO |
|
20 |
U24233MH2010PLC201773 |
TEST
AGRICHEMICAL LIMITED |
Director |
29/09/2012 |
09/11/2011 |
- |
Active |
NO |
|
21 |
U41000GJ2008PLC055115 |
GECPL-UEEL
CONSORTIUM LIMITED |
Director |
29/09/2012 |
17/01/2012 |
- |
Active |
NO |
|
22 |
U29219MH2006PTC163847 |
PRASKAND
ENVIRONMENT PRIVATE LIMITED |
Director |
29/09/2012 |
04/06/2012 |
- |
Active |
NO |
|
23 |
U29219MH2006PTC163388 |
KHALINE ENVIRONMENT
PRIVATE LIMITED |
Director |
29/09/2012 |
04/06/2012 |
- |
Active |
NO |
|
24 |
U29219MH2006PTC163390 |
KHAGAY
ENVIRONMENT PRIVATE LIMITED |
Director |
29/09/2012 |
04/06/2012 |
- |
Active |
NO |
|
25 |
U29219MH2006PTC163697 |
HELINE ENVIRONMENT
PRIVATE LIMITED |
Director |
29/09/2012 |
04/06/2012 |
- |
Active |
NO |
|
26 |
U90000MH2010PTC200801 |
TATVA CLEAN TECH
PRIVATE LIMITED |
Director |
29/09/2012 |
04/06/2012 |
- |
Active |
NO |
|
27 |
U99000MH2006PLC161227 |
ENTRUST ENVIRONMENT
LIMITED |
Director |
29/09/2012 |
04/06/2012 |
- |
Active |
NO |
|
28 |
U29219MH2006PLC163400 |
SHARVAK
ENVIRONMENT LIMITED |
Director |
29/09/2012 |
04/06/2012 |
- |
Active |
NO |
|
29 |
U65923MH2010PTC198952 |
UPL INVESTMENT
PRIVATE LIMITED |
Director |
29/09/2012 |
05/06/2012 |
- |
Active |
NO |
|
30 |
U41000MH2010PTC199840 |
TATVA GLOBAL
WATER TECHNOLOGIES PRIVATE LIMITED |
Director |
29/09/2012 |
05/06/2012 |
- |
Active |
NO |
|
31 |
U90001TZ2008PTC014159 |
COIMBATORE INTEGRATED
WASTE MANAGEMENT COMPANY PRIVATE LIMITED |
Director |
29/09/2012 |
17/08/2012 |
- |
Active |
NO |
|
32 |
U40101MH2010PTC198447 |
TATVA GLOBAL
RENEWABLE ENERGY COMPANY PRIVATE LIMITED |
Director |
29/09/2012 |
17/08/2012 |
- |
Active |
NO |
|
Name : |
Mrs. Shilpa Pradeep Sagar |
|
Designation : |
Director |
|
Address : |
9- B Sursagar 14 Azad Nagar Society, Juhu Scheme Road, No. 1, Vile
Parle (East), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
21.12.1962 |
|
Date of Appointment : |
01.03.2008 |
|
DIN No.: |
01982397 |
KEY EXECUTIVES
|
Name : |
Mr. Jatin Shah |
|
Designation : |
Marketing Person |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Pradeep Kumar Nathalal Sagar |
9900 |
|
Shilpa Pradeep Sagar |
100 |
|
TOTAL
|
10000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Bloom Packaging Private Limited, India |
1000000 |
|
TOTAL
|
1000000 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Plastic and Plastic Products, Plastic
Containers. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Europe ·
Gulf Countries |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
·
Gulf Countries |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
31.03.2011 |
|
Installed
Capacity |
4512 MT Per
Annuam |
|
Particulars |
Unit |
Actual
Production |
|
5000 ml. Bottles and Above |
Metric Tons |
285 |
|
Others |
Metric Tons |
931 |
GENERAL INFORMATION
|
Customers : |
Wholesalers |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
160 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, Worli Branch, Office No.13,
Vaswani Chambers, Opposite Old Pass Port Office, Dr. A B Road, Worli,
Mumbai-400030, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
T R Chadha and Company Chartered Accountant |
|
Address : |
106 Nirman Kendra, Dr. E .Moses Road, Mahalaxmi, Mumbai – 400011,
Maharashtra, India |
|
Tel. No.: |
91-22-26100091 |
|
Fax No.: |
91-22-26100092 |
|
E-Mail : |
|
|
PAN No.: |
AAAFT1655Q |
|
|
|
|
Related Parties : |
·
Bloom Packaging Private Limited ·
Bloom Industrial Plastics Private Limited ·
TISHYA Tropical Farm |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
1000000 |
4% Non-Convertible Redeemable Non-Cumulative Preference Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
TOTAL |
|
Rs. 15.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
|
1000000 |
4% Non-Convertible Redeemable Non-Cumulative Preference Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
TOTAL |
|
Rs. 10.100 Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.100 |
10.100 |
10.100 |
|
(b) Reserves & Surplus |
17.710 |
24.292 |
28.581 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
27.810 |
34.392 |
38.681 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
109.196 |
117.868 |
77.117 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
1.694 |
3.641 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.011 |
1.160 |
1.087 |
|
Total Non-current Liabilities (3) |
110.207 |
120.722 |
81.845 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
7.314 |
3.461 |
12.985 |
|
(b) Trade payables |
65.048 |
50.700 |
36.562 |
|
(c) Other current
liabilities |
28.559 |
15.597 |
11.350 |
|
(d) Short-term provisions |
3.041 |
3.195 |
0.806 |
|
Total Current Liabilities (4) |
103.962 |
72.953 |
61.703 |
|
|
|
|
|
|
TOTAL |
241.979 |
228.067 |
182.229 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
132.383 |
127.680 |
43.279 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
50.268 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
1.442 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
12.361 |
15.350 |
10.975 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
146.186 |
143.030 |
104.522 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
31.794 |
27.726 |
39.214 |
|
(c) Trade receivables |
45.494 |
23.468 |
25.362 |
|
(d) Cash and cash
equivalents |
0.305 |
8.833 |
3.507 |
|
(e) Short-term loans and
advances |
18.200 |
24.690 |
9.586 |
|
(f) Other current assets |
0.000 |
0.320 |
0.038 |
|
Total Current Assets |
95.793 |
85.037 |
77.707 |
|
|
|
|
|
|
TOTAL |
241.979 |
228.067 |
182.229 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
220.716 |
200.640 |
188.743 |
|
|
|
Other Income |
0.627 |
0.623 |
0.338 |
|
|
|
TOTAL (A) |
221.343 |
201.263 |
189.081 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
126.822 |
102.896 |
96.962 |
|
|
|
Employee benefits expenses |
19.820 |
17.811 |
11.440 |
|
|
|
Other Expenses |
63.929 |
52.241 |
57.945 |
|
|
|
Changes in inventories of Finished goods, work in progress and stock
in trade |
(3.633) |
8.486 |
(4.953) |
|
|
|
TOTAL (B) |
206.938 |
181.434 |
161.394 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
14.405 |
19.829 |
27.687 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.418 |
12.947 |
7.530 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.987 |
6.882 |
20.157 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.764 |
13.117 |
5.589 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(9.777) |
(6.235) |
14.568 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(3.195) |
(1.946) |
4.751 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(6.582) |
(4.289) |
9.817 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.622 |
0.563 |
0.411 |
|
|
TOTAL EARNINGS |
0.622 |
0.563 |
0.411 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components and Spares Parts |
0.447 |
0.166 |
1.091 |
|
|
|
Capital Goods |
0.408 |
40.644 |
16.751 |
|
|
TOTAL IMPORTS |
0.855 |
40.810 |
17.842 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(658.22) |
(428.85) |
981.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(2.97)
|
(2.13) |
5.19 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(4.43)
|
(3.11) |
7.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.06)
|
(2.73) |
11.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.35)
|
(0.18) |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.19
|
3.53 |
2.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92
|
1.17 |
1.26 |
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 |
Yes |
|
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 Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
Loans and Advances from Related Parties |
89.361 |
86.731 |
|
|
|
|
|
TOTAL |
89.361 |
86.731 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10138237 |
17/12/2011 * |
86,752,050.00 |
Bank of Baroda |
Worli Branch, Office No.13, Vaswani Chambers,
Opp. Old Pass Port Office, Dr. A.B. Road, Worli,, Mumbai, Maharashtra -
400030, India |
B31507197 |
|
* Date of charge modification |
||||||
BACKGROUND AND
OPERATIONS
Subject is engaged in business of Manufacturing of Low and High barrier HDPE
Containers and Similar Articles.
OPERATIONS
The company will put more efforts to
strengthen and explore its marketing network other than Agro Industry. The
company is also putting efforts to strengthen its marketing team, which will help
them to diversify in other industry like Inks and Paints, fine chemical and
Lube oil. This will result into utilization of optimum production capacity
throughout the year. The fixed cost will also be spread in proportion to the
optimum utilization of capacity. The company has planned further improvements
by which they should expect growth in their bottom line in coming years.
FIXED ASSETS
·
Plant and Machinery
·
Mobile
·
Electrical Installation
·
Computer
·
Office Equipments
·
Furniture and Fixtures
·
Vehicles
·
Leasehold Improvements (Building)
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. 61.93 |
|
|
1 |
Rs. 102.06 |
|
Euro |
1 |
Rs. 84.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.