MIRA INFORM REPORT
|
Report Date : |
04.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
UMAX PACKAGING LIMITED |
|
|
|
|
Registered
Office : |
215, 2nd Floor, Raheja Plaza, Plot No.15, Off Veera Desai
Road, Andheri (West), Mumbai – 400 053, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.09.2007 |
|
|
|
|
Com. Reg. No.: |
11-174118 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.96.075 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74950MH2007PLC174118 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU05282E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU9291N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Plastic Aluminum and Polyster Foils and
Other Packaging Material. |
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|
|
|
No. of Employees
: |
440 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1467000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Exist |
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|
Comments : |
Subject is an established company having satisfactory track record. Profitability of the company seems to be decent. General financial
position of the company seems to be sound and healthy. Trade relations are reported to be fair. Business is active. Payment
terms are usually correct. The company can be considered for 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
September 25, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A3 |
|
Rating Explanation |
Moderate degree of safety and high credit
risk. |
|
Date |
September 25, 2013 |
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. C.L. Khimsara |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9829600804 |
|
Date : |
03.11.2014 |
LOCATIONS
|
Registered Office / Corporate Office 1 : |
215, 2nd Floor, Raheja Plaza, Plot No.15, Off Veera Desai Road,
Andheri (West), Mumbai – 400 053, Maharashtra, India |
|
Tel. No.: |
91-22-22825210 / 26736555 |
|
Mobile No.: |
91-9460551215 (Mr. Pankaj Chhajer - Account Manager) 91-9829600804 (Mr. C.L. Khimsara - Finance Manager) |
|
Fax No.: |
91-22-22824578 / 26736557 |
|
E-Mail : |
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|
Website : |
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|
|
Corporate Office 2 : |
1st Floor, C Wing, Abhay Chambers, Near Jalori Gate,
Jodhpur - 342001, Rajasthan, India |
|
|
|
|
Administrative Office : |
Plot No. 2, New Jodhpur Industrial area, Behind new Power House,
Jodhpur, Rajasthan, India |
|
|
|
|
Communication
Office : |
National Highway No. 65, |
|
Tel. No.: |
91-291-2868285, 86, 87 |
|
Fax No.: |
91-291-2868288 |
|
E-Mail : |
|
|
|
|
|
Gurgaon
Office : |
102/104, Silver Oaks, DLF Phase 1, Gurgaon
- 122 002, |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Khasa No.20/20-2, |
|
Tel. No.: |
91-291-2111675 |
|
|
|
|
Factory 2 : |
G – 155/156, Ambaji Industrial Area, Santpur, Abu Road, Sirohi
District – 307 026, Rajasthan, India |
|
Tel. No.: |
91-2974-226881 / 882 |
|
Fax No.: |
91-2974-226883 |
|
|
|
|
Factory 3 : |
Uma Nagar, |
|
Tel. No.: |
91-291-2868131 / 132 |
|
Fax No. : |
91-291-2868275 |
|
|
|
|
Branch Office 1 : |
H – 64, Sector – 2, Noida – 201 301, |
|
Tel. No.: |
91-120-2547434 |
|
E-Mail : |
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|
|
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Branch Office 2 : |
34, B-Block, 2nd Floor, |
|
E-Mail : |
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|
|
|
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Branch Office 3 : |
61, |
|
Tel. No.: |
91-33-24661658 |
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E-Mail : |
|
|
|
|
|
US
Office : |
13810, |
|
Tel. No.: |
+1 816 377 7633 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Shripal Raj Lodha |
|
Designation : |
Managing Director |
|
Address : |
C-66-67, Shastri Nagar, |
|
Date of Birth/Age : |
20.10.1958 |
|
Date of Appointment : |
14.09.2007 |
|
DIN No.: |
00057381 |
|
|
|
|
Name : |
Mr. Atit Satish Gandhi |
|
Designation : |
Whole Time Director |
|
Address : |
403, Kripanidhi, Greater Mumbai Co-Operative society, Gulmohar X Road
No.4, Juhu Scheme, Vile Parle, Mumbai – 400 049, Maharashtra, India |
|
Date of Birth/Age : |
30.10.1977 |
|
Date of Appointment : |
27.09.2010 |
|
DIN No.: |
00968654 |
|
|
|
|
Name : |
Mrs. Sarita Lodha |
|
Designation : |
Whole Time Director |
|
Address : |
C-66-67, Shastri Nagar, |
|
Date of Birth/Age : |
22.05.1966 |
|
Qualification : |
BA |
|
Date of Appointment : |
14.09.2007 |
|
DIN No.: |
00057325 |
|
|
|
|
Name : |
Mrs. Shruti Lodha |
|
Designation : |
Director |
|
Address : |
C-66-67, Shastri Nagar, |
|
Date of Birth/Age : |
28.11.1988 |
|
Date of Appointment : |
14.09.2007 |
|
DIN No.: |
01316941 |
|
|
|
|
Name : |
Mr. Shrikul Lodha |
|
Designation : |
Director |
|
Address : |
C-66-67, Shastri Nagar, Jodhpur, Rajasthan, India |
|
Date of Birth/Age : |
28.01.1992 |
|
Date of Appointment : |
15.04.2011 |
|
DIN No.: |
03011881 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders (Equity Shareholders) |
No. of Shares |
|
Uma Polymers Limited, |
6607494 |
|
Uma Polymers Limited, Shripal Raj Lodha |
1 |
|
Uma Polymers Limited, Sarita Lodha |
1 |
|
Uma Polymers Limited, Shruti Lodha |
1 |
|
Uma Polymers Limited, Rakesh Jain |
1 |
|
Uma Polymers Limited, Chiranji Lal Khimsara |
1 |
|
Uma Polymers Limited, Shrikul Lodha |
1 |
|
TOTAL
|
6607500 |
|
Names of Shareholders (Preference Shareholders) |
No. of Shares |
|
Uma Polymers Limited, |
2500000 |
|
|
|
|
TOTAL |
2500000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Plastic Aluminium and Polyster
Foils and Other Packaging Material. |
||||
|
|
|
||||
|
Products : |
v Beverage Closures and Systems v Consumer Products v Flexible Packaging Products v Food Packaging v Soil Confinement and Stabilization Systems v Stand-Up Pouches v Matte Finishes v Freshgard (TM) v Showpack (R) Flat Bottom Bags v MetalWhite v Viscopack v Re-Seal It v Stickpack v
Shrink Labels |
||||
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|
|
||||
|
Exports : |
|
||||
|
Products : |
v Plastic
Aluminium v Polyster Foils |
||||
|
Countries : |
v New Zealand v Nepal |
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|
||||
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Imports : |
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||||
|
Products : |
Raw Material |
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Countries : |
v Singapore v Thailand v Saudi Arabia v USA |
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Terms : |
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||||
|
Selling : |
Cash and L/C |
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|
||||
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Purchasing : |
Cash and L/C |
GENERAL INFORMATION
|
Suppliers : |
v Reliance
Industries Limited |
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|
||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers v Pepsico
International Holding Private Limited |
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|
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No. of Employees : |
440 (Approximately) |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
v
State Bank of v
ICICI Bank Limited, Landmark Race Cource Circle,
Alkapuri, Baroda-390015, Gujarat, India v
State Bank of India v
Axis Bank Limited, Jodhpur Branch, Jodhpur,
Rajasthan, India |
||||||||||||||||||||||||
|
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra Jain and Company Chartered Accountants |
|
Address : |
E 47, Shastri
Nagar, Behind Barkutallah Khhan Stadium, Jodhpur, Rajasthan, India |
|
PAN
No. : |
AAOPJ6227C |
|
|
|
|
Holding Company : |
Uma Polymers Limited CIN No.: - U25201RJ1987PLC003956 |
|
|
|
|
Associates : |
Secure Real
Estate And Energy Private Limited CIN No.: U70100MH2005PTC150756 Uma Polypacks
Private Limited CIN No.: U25201RJ1994PTC243777 |
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
2500000 |
Preference Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.125.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6607500 |
Equity Shares |
Rs.10/- each |
Rs.66.075 Millions |
|
2500000 |
Preference Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.91.075
Millions |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
Rs.10/- each |
Rs.130.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9607500 |
Equity Shares |
Rs.10/- each |
Rs.96.075 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 |
96.075 |
91.075 |
63.575 |
|
(b) Reserves & Surplus |
417.553 |
297.666 |
263.929 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
12.500 |
|
Total
Shareholders’ Funds (1) + (2) |
513.628 |
388.741 |
340.004 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
111.961 |
179.339 |
187.599 |
|
(b) Deferred tax liabilities (Net) |
60.957 |
33.675 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
172.918 |
213.014 |
187.599 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
226.334 |
141.457 |
124.045 |
|
(b) Trade payables |
326.048 |
201.555 |
74.861 |
|
(c) Other current
liabilities |
101.022 |
93.755 |
71.266 |
|
(d) Short-term
provisions |
17.425 |
4.973 |
8.480 |
|
Total Current
Liabilities (4) |
670.829 |
441.740 |
278.652 |
|
|
|
|
|
|
TOTAL |
1357.375 |
1043.495 |
806.255 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
507.008 |
448.347 |
403.702 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
45.130 |
103.033 |
8.007 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
54.154 |
22.586 |
0.004 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
49.735 |
7.122 |
37.371 |
|
(e) Other
Non-current assets |
0.000 |
0.014 |
0.014 |
|
Total Non-Current
Assets |
656.027 |
581.102 |
449.098 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
247.021 |
146.803 |
84.067 |
|
(c) Trade receivables |
311.552 |
212.587 |
175.402 |
|
(d) Cash and cash
equivalents |
62.398 |
44.286 |
19.156 |
|
(e) Short-term loans
and advances |
80.377 |
58.717 |
78.518 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.014 |
|
Total Current Assets |
701.348 |
462.393 |
357.157 |
|
|
|
|
|
|
TOTAL |
1357.375 |
1043.495 |
806.255 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2198.643 |
1544.774 |
1017.452 |
|
|
|
Other Income |
44.943 |
13.293 |
9.450 |
|
|
|
TOTAL |
2243.586 |
1558.067 |
1026.902 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1640.058 |
1168.142 |
793.911 |
|
|
|
Purchases of stock-in-trade |
149.628 |
88.641 |
22.688 |
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
(19.615) |
(18.046) |
2.497 |
|
|
|
Employee benefit expense |
85.948 |
69.133 |
36.478 |
|
|
|
Other expenses |
147.601 |
104.767 |
57.866 |
|
|
|
TOTAL |
2003.620 |
1412.637 |
913.440 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
239.966 |
145.430 |
113.462 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
64.993 |
53.700 |
33.041 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
174.973 |
91.730 |
80.421 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
26.169 |
22.225 |
16.324 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
148.804 |
69.505 |
64.097 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
47.449 |
31.560 |
13.188 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
101.355 |
37.945 |
50.909 |
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
83.942 |
62.703 |
11.794 |
||
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
173.828 |
83.942 |
62.703 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
34.275 |
22.552 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
157.594 |
63.673 |
|
|
|
Components and Spares Parts |
NA |
2.752 |
0.843 |
|
|
|
Capital Goods |
|
8.943 |
24.685 |
|
|
TOTAL IMPORTS |
NA |
169.289 |
89.201 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
14.81 |
5.94 |
9.35 |
|
|
Particulars |
|
|
31.03.2014 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
2650.000 |
|
|
|
|
|
The above information has been parted by Mr. C.L. Khimsara
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.52
|
2.43 |
4.96 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.77
|
4.50 |
6.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.83
|
7.57 |
8.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.18 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.66
|
0.82 |
0.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04
|
1.05 |
1.28 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
63.575 |
91.075 |
96.075 |
|
Reserves & Surplus |
263.929 |
297.666 |
417.553 |
|
Share Application money
pending allotment |
12.500 |
0.000 |
0.000 |
|
Net
worth |
340.004 |
388.741 |
513.628 |
|
|
|
|
|
|
long-term borrowings |
187.599 |
179.339 |
111.961 |
|
Short term borrowings |
124.045 |
141.457 |
226.334 |
|
Total
borrowings |
311.644 |
320.796 |
338.295 |
|
Debt/Equity
ratio |
0.917 |
0.825 |
0.659 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1017.452 |
1544.774 |
2198.643 |
|
|
|
51.828 |
42.328 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1017.452 |
1544.774 |
2198.643 |
|
Profit |
50.909 |
37.945 |
101.355 |
|
|
5.00% |
2.46% |
4.61% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four 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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Lodging No.:- OLRL/340/2014 Filing
Date:- 17.09..2014 Reg. No.:- OLR/340/2014 Reg.
Date:- 17.09.2014 |
|
Petitioner: THE OFFICIAL LIQUIDATOR HIGH COURT Respondent: UMAX PACKAGING
LIMITED Petn. Adv : THE OFFICIAL LIQUIDATOR (00) District: PUNE |
|
Bench: SINGLE Status: Pre-Admission
Category: AMALGAMATION (SCHEME) u/s 391 TO 395 Last Date: 19.19.2014
Stage: OLR FOR APPOINTMENT FOR C.A. Last Coram: HON’BLE SHRI JUSTICE S.J.
KATHAWALLA |
|
Act: Companies Act and Rules 1956 |
NOTE:
Registered office has been shifted from 807, Tulsiani Chambers, Nariman
Point, Mumbai-400021, Maharashtra, India to the present address
w.e.f.15.02.2010
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Deposit from other |
1.348 |
1.383 |
|
|
|
|
|
Total |
1.348 |
1.383 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification
|
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10439107 |
02/07/2013 |
40,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
B80396005 |
|
2 |
10315047 |
10/10/2011 |
119,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
B24272619 |
|
3 |
10272979 |
17/03/2011 * |
31,100,000.00 |
ICICI BANK LIMITED |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
B10069771 |
|
4 |
10249786 |
13/09/2010 |
15,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
A97702823 |
|
5 |
10240004 |
13/09/2013 * |
480,100,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
B86777695 |
|
6 |
10225999 |
20/04/2010 |
125,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
A85258325 |
|
7 |
10146889 |
02/07/2013 * |
552,500,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
B80400484 |
|
8 |
10092397 |
25/02/2008 |
276,500,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
A34403972 |
* Date of charge modification
FIXED ASSETS
œ Buildings
œ Plant and Machinery
œ Office Equipments
œ Furniture and Fixtures
œ Computers
œ
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.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--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 |
|
47 |
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.