|
Report Date : |
29.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SSF PLASTICS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village Katha Pargana, Dhrampur, Near Baddi, Tehsil Nalagarh, Solan
-173205, Himachal Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.06.2006 |
|
|
|
|
Com. Reg. No.: |
06-030421 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.840 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209HP2006PTC030421 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS4412K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the manufacturing of plastic Packaging
items |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1970000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Financially company is performing well. Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct. The company can be considered for normal 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The services sector, the largest contributor to India’s GDP, contracted for
the sixth consecutive month in December, as orders dipped. However, hiring has
risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
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 : |
Village Katha Pargana, Dhrampur, Near Baddi, Tehsil Nalagarh, Solan
-173205, Himachal Pradesh, India |
|
Tel. No.: |
91-1795-323350 |
|
Fax No.: |
91-1795-245522 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
3 C/D, 32, Sarvodaya Industrial Estate, Off Mahakali Caves Road, Andheri (East), Mumbai - 400 093,
Maharashtra, India |
|
Tel. No.: |
91-22-66921932 / 33 / 35 |
|
Fax No.: |
91-22-26873769 |
|
E-Mail : |
|
|
|
|
|
Manufacturing Location Western Region : |
|
|
|
|
|
Factory 1 |
Survey No. 22/1, 23/A and 23/1, Behind Jagruti Textiles, Near Aristo
Exports, Village: Dabhel, Near Somnath
Industrial Estate, Daman –
396210, Daman and Diu, India |
|
Tel. No.: |
91-260-3267200 |
|
Fax No.: |
91-260-2240975 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Plot #11, Silver Industrial Estate,
Bhimpur, Nani Daman - 396210, Daman
and Diu, India |
|
Tel. No.: |
91-260-3250539 |
|
Fax No.: |
91-260-2220570 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
13,14,15,16 and 17, INCA Corporation Industrial Estate, Chinch Pada,
Village: Valiv, Vasai (East)
District Thane - 401208, Maharashtra, INDIA |
|
Tel. No.: |
91-250-2453072 / 32980622 |
|
Fax No.: |
91-250-2453070 |
|
E-Mail : |
|
|
|
|
|
Northern Region: |
|
|
|
|
|
Factory 1 : |
Khasra No: 681-684 and 675, Behind Govt. Lakkar Depot, Village: Katha,
Baddi, |
|
Tel. No.: |
91-1795-323350/09218467433 |
|
Fax No.: |
91-1795-245522 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Khasra No 323/1, MI, Central Hope Town, Camp Road, Selaqui,
Dehradun - 248297, Uttrakhand, India |
|
Tel. No.: |
91-0135-3242595/2698733 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Kapil Balkishan Dhawan |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 401, 4th Floor, Daffodil Plot No. 50, N.S. Road
No. 7, Juhu Vile Parle (W), Mumbai – 400049 Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.01.1952 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.06.2006 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAVPD5184F |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00493165 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sunil Balkishan Dhawan |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
9th Floor, Amardeep, Plot No. 39,JVPD Scheme RD, Vile
Parle- West, Mumbai – 400056 Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.01.1960 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.04.2007 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACUPD9706A |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00494947 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Saurabh Kapil Dhawan |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 401, 4th
Floor, Daffodil Plot No. 50, N.S. Road No. 7, Juhu Vile Parle (W), Mumbai –
400049 Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.09.1979 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.04.2007 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AALPD7723L |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00495363 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ramesh Madhavdas Chugh |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1301/1302, 13th
Floor, Karma, 15th Road, Plot no. 89, Bandra (West) Mumbai – 400050
Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.09.1962 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.04.2007 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACFPC1808F |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00495488 |
||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Victor |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kapil Balkishan Dhawan |
|
192000 |
|
Manisha Sunil Dhawan |
|
216000 |
|
Ramesh Madhavdas Chugh |
|
142800 |
|
Saurabh Kapil Dhawan |
|
144000 |
|
Sunil Balkishan Dhawan |
|
192000 |
|
Rama Kapil Dhawan |
|
72000 |
|
Monali Saurabh Dhawan |
|
4800 |
|
Shikha Ramesh Chugh |
|
4800 |
|
Daksh Sunil Dhawan |
|
6000 |
|
Dhruv Sunil Dhawan |
|
4800 |
|
Pulkit Sunil Dhawan |
|
4800 |
|
Total |
|
984000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing of plastic Packaging
items |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
400 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· Standard Chartered Bank, Standard Chartered Tower, 201, B/1 Western Express Highway, Goregaon (East), Mumbai - 400063, Maharashtra, India ·
Bank of India, Andheri Mid Corporate Branch,
MDI Building, 28, 1st Floor, S. V. Road, Andheri (West), Mumbai - 400058,
Maharashtra, INDIA ·
The Hongkong and Shanghai Banking Corporation
Limited, 52/60, Mahatama Gandhi Road, Fort, Mumbai – 400001, Maharashtra,
India ·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Anne Besent Road, Worli, Mumbai – 400018,
Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institutions : |
Deputy Director of Industries, Single Window Clerance Agency, Baddi - Barotiwala Road, Baddi - 173205, Himachal Pradesh, India |
|
|
|
|
Auditors : |
|
|
Name : |
Kishore Mehta and Associates Chartered Accountant |
|
Address : |
210, Sai Deep, 2nd Floor, Chembur Govandi Road, Opposite Hotel Vaishali , Chembur Mumbai,
Maharashtra, India |
|
PAN No.: |
AABPM5022F |
|
|
|
|
Enterprise owned or
significantly influenced by key management personnel or their relatives : |
·
SSF Plastics ·
SSF Plastics (H.P) ·
SSF Plastics Moulders ·
SSF Packaging ·
SSF Plastics Convertors ·
J.D. Exports ·
MKS International ·
Chanel Exports Private Limited ·
International Woollen Mills |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5300000 |
Equity Shares |
Rs.10/- each |
Rs.53.000 Millions |
|
700000 |
Preference Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
|
Total |
|
Rs.60.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
984000 |
Equity Shares |
Rs.10/- each |
Rs.9.840
Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
9.840 |
9.840 |
|
(b) Reserves & Surplus |
|
483.706 |
359.271 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
493.546 |
369.111 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
304.957 |
311.283 |
|
(b) Deferred tax liabilities (Net) |
|
26.426 |
19.203 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.243 |
|
Total Non-current Liabilities (3) |
|
331.383 |
330.729 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
211.595 |
165.953 |
|
(b) Trade payables |
|
87.862 |
80.262 |
|
(c) Other current liabilities |
|
110.576 |
95.367 |
|
(d) Short-term provisions |
|
3.671 |
19.127 |
|
Total Current Liabilities (4) |
|
413.704 |
360.709 |
|
|
|
|
|
|
TOTAL |
|
1238.633 |
1060.549 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
645.193 |
531.754 |
|
(ii) Intangible Assets |
|
1.416 |
1.723 |
|
(iii) Capital
work-in-progress |
|
1.539 |
48.312 |
|
(iv)
Intangible assets under development |
|
1.031 |
0.423 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
4.965 |
8.187 |
|
(e) Other Non-current assets |
|
2.663 |
1.550 |
|
Total Non-Current Assets |
|
656.807 |
591.949 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
211.793 |
172.805 |
|
(c) Trade receivables |
|
270.307 |
198.774 |
|
(d) Cash and cash equivalents |
|
24.434 |
16.719 |
|
(e) Short-term loans and
advances |
|
72.776 |
79.059 |
|
(f) Other current assets |
|
2.516 |
1.243 |
|
Total Current Assets |
|
581.826 |
468.600 |
|
|
|
|
|
|
TOTAL |
|
1238.633 |
1060.549 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.205 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
273.391 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
273.596 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
150.692 |
|
|
2] Unsecured Loans |
|
|
177.032 |
|
|
TOTAL BORROWING |
|
|
327.724 |
|
|
DEFERRED TAX LIABILITIES |
|
|
14.104 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
615.424 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
426.569 |
|
|
Capital work-in-progress |
|
|
2.762 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
121.358 |
|
|
Sundry Debtors |
|
|
154.801 |
|
|
Cash & Bank Balances |
|
|
18.916 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
112.796 |
|
Total
Current Assets |
|
|
407.871 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
82.489 |
|
|
Other Current Liabilities |
|
|
93.493 |
|
|
Provisions |
|
|
45.804 |
|
Total
Current Liabilities |
|
|
221.786 |
|
|
Net Current Assets |
|
|
186.085 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.008 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
615.424 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
GROSS
TURNOVER |
1466.702 |
1171.509 |
792.083 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
216.384 |
188.150 |
142.709 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
63.572 |
49.446 |
27.483 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
152.812 |
138.704 |
115.226 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
37.093 |
42.638 |
25.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
115.719 |
96.066 |
90.203 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
358.906 |
263.390 |
183.210 |
|
|
|
|
|
|
|
|
|
Add |
Excess income
tax provision of earlier year written back
|
9.860 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
10.000 |
|
|
|
Proposed dividend |
0.984 |
0.472 |
0.020 |
|
|
|
Dividend distribution tax |
0.160 |
0.078 |
0.003 |
|
|
BALANCE CARRIED
TO THE B/S |
483.341 |
358.906 |
263.390 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
136.927 |
183.206 |
92.995 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
52.923 |
63.831 |
43.124 |
|
|
|
Stores & Spares |
6.223 |
1.575 |
1.717 |
|
|
|
Capital Goods |
42.811 |
37.202 |
48.681 |
|
|
TOTAL IMPORTS |
101.957 |
102.608 |
93.522 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
117.60 |
97.63 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.36 |
13.71 |
13.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.38 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.05 |
1.29 |
1.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41 |
1.30 |
1.84 |
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 |
Yes |
|
8] |
No. of employees |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans and
advances from related parties |
249.025 |
220.792 |
|
Total |
249.025 |
220.792 |
COMPANY
INFORMATION
Subject is a private
limited company, resident in India and incorporated under the provisions of the
Companies Act, 1956, having its registered office at Baddi (H.P.). The Company
is having the units at Baddi and Daman. The Company is engaged in the business
of plastic moulded packaging articles.
OPERATION AND FUTURE
PROSPECTS:
The year was a challenging year for manufacturing industries
in India due to multiple adverse conditions like high inflations, high oil prices,
lower economic growth, euro zone debt crises etc. Despite these constraints and
the challenging environment, the company performed reasonably well and
delivered positive growth in sales. The gross turnover of the company has
increased to Rs.1466.702 Millions as compared to Rs.1171.509 Millions in the
previous year. The growth in sales in percentage term achieved is 25.20%. The
net profit after tax has increase to Rs.115.719 Millions as compared to
Rs.96.066 Millions in the previous year. The company has maintained and
strengthened its leadership position in injection/blow moulded plastic
business. Considering present order level and future of plastic Industries your
company expects very good business in near future.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10430141 |
16/04/2013 |
50,000,000.00 |
Bank of India |
Andheri Mid Corporate Br. MDI Building
1st Floor, 28 S V Road , Andheri (West), Mumbai, Maharashtra - 400058, INDIA |
B76714195 |
|
2 |
10431261 |
16/04/2013 |
660,000,000.00 |
Bank of India |
Andheri Mid Corporate Br. MDI Building
1st Floor, 28 S V Road , Andheri (West), Mumbai, Maharashtra - 400058, INDIA |
B77141349 |
|
3 |
10408500 |
09/02/2013 |
1,725,000.00 |
Bank of India |
Vile Parle (W) Branch, Smitkiran,
377, S.V. Road, Vile Parle (West),, Mumbai, Maharashtra - 400056, INDIA |
B69779726 |
|
4 |
10339974 |
09/03/2012 |
110,000,000.00 |
The Hongkong And Shanghai
Banking Corporation Limited |
52/60, Mahatma Gandhi Road, Fort,
Mumbai, Maharashtra - 400001, INDIA |
B34033134 |
|
5 |
10307689 |
16/04/2013 * |
427,500,000.00 |
Bank of India |
Andheri Mid Corporate Br. MDI
Bldg.,1st Floor, 28, S V Road , Andheri (West), Mumbai, Maharashtra - 400058,
INDIA |
B76713940 |
|
6 |
10307687 |
26/07/2011 |
478,000,000.00 |
Bank of India |
Andheri Mid Corporate Br. MDI
Bldg. 1st Floor, 28 S V Road , Andheri (West), Mumbai, Maharashtra - 400058,
INDIA |
B21183827 |
|
7 |
10264396 |
27/01/2011 |
3,000,000.00 |
Deputy Director of Industries |
Single Window Clerance Agency,
Baddi-Barotiwala Road, Baddi, Himachal Pradesh - 173205, India |
B05135967 |
|
8 |
10240662 |
04/09/2010 |
1,740,000.00 |
Bank of India |
Vile Parle (West) Br. 'Smitkiran',
377 , S V Road, Vileparle (West),
Mumbai, Maharashtra - 400056, India |
A95335584 |
|
9 |
10201646 |
30/01/2010 |
225,700,000.00 |
Bank of India |
Vile Parle (West) Br.
'Smitkiran', 377 , S V Road, Vileparle (West), Mumbai, Maharashtra - 400056, India |
A79246914 |
|
10 |
10078764 |
02/09/2008 * |
192,600,000.00 |
Bank of India |
Vile Parle (West) Br.
'Smitkiran', 377 , S V Road, Vileparle (West), Mumbai, Maharashtra - 400056, India |
A45946696 |
|
11 |
10062926 |
28/07/2007 * |
25,366,000.00 |
Bank of India |
Vile Parle (West) Br.
'Smitkiran', 377 , S V Road, Vileparle (West), Mumbai, Maharashtra - 400056, India |
A21022686 |
|
12 |
10041131 |
22/02/2007 |
50,400,000.00 |
Bank of India |
Vile Parle (West) Br.
'Smitkiran', 377 , S V Road, Vileparle (West), Mumbai, Maharashtra - 400056, India |
A12257739 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
·
Vehicles
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.62.99 |
|
UK Pound |
1 |
Rs.104.61 |
|
Euro |
1 |
Rs.86.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
50 |
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.