MIRA INFORM REPORT

 

 

Report No. :

326354

Report Date :

10.06.2015

 

IDENTIFICATION DETAILS

 

Name :

SHREYA POLYMERS PRIVATE LIMITED

 

 

Registered Office :

202, 2nd Floor, Sri Ganesh Business Centre, E – 35, Jawahar Park, Laxmi Nagar, Delhi – 110092

Tel. No. :

91-120-3146615

 

 

Country :

India

 

 

Date of Incorporation :

20.01.2011

 

 

Com. Reg. No.:

55-212897

 

 

Capital Investment / Paid-up Capital :

Rs.0.100 Million

 

 

CIN No.:

[Company Identification No.]

U25191DL2011PTC212897

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELS43896G

 

 

PAN No.:

[Permanent Account No.]

AAPCS2637H

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of International Standard FRP Products.

 

 

No. of Employees :

35 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (18)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown 

 

 

Litigation :

Clear

 

 

Comments :

Subject was established as proprietary concern during the year 2006 with the name of “SHREYA POLYMERS”. Later it got converted in to private limited company on 20th January 2011 with the name of “SHREYA POLYMERS PRIVATE LIMITED”. It is having moderate track record.

 

The management of the company has not filed its financial with the government as a conversion of private limited.

 

Mr. Sunil Kumar, Director has provided general information to us and claimed that company has achieved sales turnover of Rs.30.000 Million for the year 2013-2014 and 45.000 Million for 2014-2015 which is not verified.

 

Business is active. Payment terms are unknown.

 

The company can be considered of business dealings on safe and secured 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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Sunil Kumar

Designation :

Director

Contact No.:

91-9873169262

Date :

06.06.2015

 

 

LOCATIONS

 

Registered Office :

202, 2nd Floor, Sri Ganesh Business Centre, E – 35, Jawahar Park, Laxmi Nagar, Delhi – 110092, India

Tel. No.:

91-120-4348771/ 6581895

Mobile No.:

91-9873169262 (Mr. Sunil Kumar)

Fax No.:

91-120-4348771

E-Mail :

sunil@shreyapolymers.co.in

sunil2003delhi@yahoo.com

sunilpolymers@gmail.com

Website :

http://www.shreyapolymers.co.in

Area :

600 Sq. ft.

Location :

Owned

 

 

Factory :

Plot No.S-24, Site 4, Industrial Area, Sahibabad, Ghaziabad – 201010, Uttar Pradesh, India

Area :

25000 Sq. ft.

Location :

Rented

 

 

DIRECTORS

 

As on: 21.12.2010

 

Name :

Mr. Sunil Kumar

Designation :

Managing Director

Address :

C-569 A, Brij Vihar, Post Chander Nagar, Ghaziabad – 201011, Uttar Pradesh, India

Date of Birth/Age :

20.07.1973

Qualification :

LLB, BA, MBA

Date of Appointment :

20.01.2011

DIN :

02901411

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

U25190DL2010PTC199696

GEE DEE FIBRE GLASS COMPOSITE PRIVATE LIMITED

Managing director

04/03/2010

04/03/2010

-

Active

NO

2

U25191DL2011PTC212897

SHREYA POLYMERS PRIVATE LIMITED

Managing director

20/01/2011

20/01/2011

-

Active

NO

 

 

Name :

Mrs. Geeta Singh

Designation :

Director

Address :

C-569 A, Brij Vihar, Post Chander Nagar, Ghaziabad – 201011, Uttar Pradesh, India

Date of Birth/Age :

12.07.1974

Qualification :

Graduate

Date of Appointment :

20.01.2011

DIN :

03319095

 

 

MAJOR SHAREHOLDERS

 

As on: 21.12.2010

 

Names of Shareholders

No. of Shares

%age holding

 

Sunil Kumar

2000

20.00

Geeta Singh

8000

80.00

Total

10000

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of International Standard FRP Products.

 

 

Products :
  • FRP Tanks
  • Fume Extraction System
  • Scrubber System
  • FRP Grating
  • Pickling Plant
  • FRP Vessels
  • Fibre Glass Fume Exhaust Systems
  • FRP Cooling Towers
  • FRP Pipe and Fittings
  • Storage Tank
  • Architectural Expansion Joints
  • FRV Tanks
  • GRP Tanks
  • Blower
  • FRP Airator

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :

Asian Country

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

PRODUCTION STATUS = NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Ashland India Private Limited, Mumbai, Maharashtra, India

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Retailers

Reference :

Procter and Gamble Home Products India Limited, Madhya Pradesh, India

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

35 (Approximately)

 

 

Bankers :

Banker Name

Corporation Bank

Branch Address

Deep Memorial Public School, A Block Ramaprastha, Chander Nagar, Ghaziabad - 201011, Uttar Pradesh, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Auditors :

 

Name :

Sbansal and Company

Chartered Accountants

Address :

Delhi, India

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Sister Concern :

Name: AS Engineering and Fabrication

Address: 202, 2nd Floor, Sri Ganesh Business Centre, E – 35, Jawahar Park, Laxmi Nagar, Delhi – 110092, India

Line of Business: Manufacturer and Exporter of International Standard FRP Products.

 

 

CAPITAL STRUCTURE

 

Authorised Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/-each

Rs.0.100 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/-each

Rs.0.100 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Sales Turnover (Approximately)

45.000

30.000

30.000

 

Expected Sales (2015-2016): Rs.80.000 Million

 

The above information has been parted by Mr. Sunil Kumar

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

30.000

30.000

45.000

 

 

0.000

50.000

 

 

 

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

----------------------

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

Yes

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

No

22

Conduct of the banking account

----------------------

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

----------------------

28

Estimation for coming financial year

Yes

29

Profitability for last three years

No

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

----------------------

33

Market information

----------------------

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

INDEX OF CHARGES

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

 

Charge Holder

Address

Service Request Number (SRN)

1

10325906

09/03/2015 *

2,400,000.00

CORPORATION BANK

DEEP MEMORIAL PUBLIC SCHOOL, A BLOCK RAMAPRASTHA, 
CHANDER NAGAR, GHAZIABAD - 201011, Uttar Pradesh, 
INDIA

C52411600

 

* Date of charge modification

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.63.93

UK Pound

1

Rs.98.26

Euro

1

Rs.72.36

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

PNM

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILIRY

1~10

2

--LIQUIDITY

1~10

2

--LEVERAGE

1~10

2

--RESERVES

1~10

2

--CREDIT LINES

1~10

---

--MARGINS

-5~5

---

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

 

18

 

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

 

--

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.