MIRA INFORM REPORT
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Report No. : |
329225 |
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Report Date : |
26.06.2015 |
IDENTIFICATION DETAILS
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Name : |
UFLEX LIMITED (w.e.f. 19.03.2007) |
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Formerly Known
As : |
FLEX INDUSTRIES LIMITED |
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Registered
Office : |
305, 3rd Floor, Bhanot Corner, Pamposh Enclave, Greater Kailash – I, New Delhi – 110048 |
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Tel No. : |
91-11-26440917 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of Incorporation
: |
21.06.1988 |
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Com. Reg. No.: |
55-032166 |
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Capital
Investment / Paid-up Capital : |
Rs.722.100 Million |
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CIN No.: [Company Identification
No.] |
L74899DL1988PLC032166 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELF00184C / MRTF00050B |
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PAN No.: [Permanent Account No.] |
AAACF0109J |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacture and Seller of flexible packaging products and
offer a complete flexible packaging solution |
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No. of Employees
: |
5090 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (50) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 48000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating reflects company’s above-average operational risk profile supported by established market position in the packaging films as well as flexible packaging business and sound financial base of the company. Trade relations are fair. Business is active. Payment terms are reported to be 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
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Rating |
Term Long = BBB+ |
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Rating Explanation |
Moderate degree of
safety and moderate credit risk |
|
Date |
December, 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
31-03-2013.
INFORMATION DENIED
Management non-cooperative (91-120-3982371)
LOCATIONS
|
Registered Office/ Factory: |
305, 3rd Floor, Bhanot Corner, Pamposh Enclave, Greater Kailash – I, New Delhi – 110048, India |
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Tel. No.: |
91-11-26440917/ 26440925 |
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Fax No.: |
91-11-26216922 |
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Email : |
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Website : |
http://www.uflexltd.com |
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Location: |
Owned |
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Corporate Office: |
A-107-108, Sector IV, Noida – 201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4012345 |
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Fax No.: |
91-120-2556040 |
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Email : |
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Head Office : |
A-2, Sector – 60 Noida, District Gautam Budh Nagar – 201307, Uttar Pradesh, India |
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Tel. No.: |
91-120-3982371/ 3982121/ 4002121/ 4002118/ 4002322/ 4002371 |
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Fax No.: |
91-120-2584527/ 3982380/ 2580089/ 4002380 |
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E-mail : |
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Corporate Office 1 : |
110, 1st Floor, Bhanot Corner, Pamposh Enclave, Greater Kailash – I, New Delhi – 110048, India |
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Corporate Office 2 : |
A-107-108, Uflex Sector – IV, Noida – 201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4012345 |
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Fax No.: |
91-120-2556040 |
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E-mail : |
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Film Division : |
A-1, Sector-60, District Gautam Budh Nagar, Noida – 201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4002137/ 4002138/ 4002121/ 2580500/ 3982121 |
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Fax No.: |
91-120-2585992/ 25802511/ 2580003/ 2580152/ 2580089/ 2582532/ 2580422/ 2580322 |
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Email : |
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Plant 1 : |
D-1-2, 15-16, Sector 59, Noida, Uttar Pradesh, India |
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Plant 2: |
29-B, Malanpur Industrial Area, District Bhind, Gwalior,
Madhya Pradesh, India |
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Plant 3: |
A-2A, Sector – 60, Noida, Uttar Pradesh, India |
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Plant 4: |
C-3, Sector – 57, Phase – III, Noida, Uttar Pradesh, India |
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Plant 5: |
C-5-8, Sector – 57, Phase III, Noida, Uttar Pradesh, India |
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Plant 6: |
L-1, Industrial Area, Ghirongi (Malanpur), District Bhind, Madhya Pradesh, India |
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Plant 7 : |
Unit I and Unit III Lane 3, Sidco Industrial Complex, Bari Brahmana, Jammu – 181133, Jammu and Kashmir, India |
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Plant 8 : |
Unit I, Lane 2, Sidco Industrial Complex, Bari Brahmana, Jammu – 181133, Jammu and Kashmir, India |
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Overseas Plant 1 : |
Dubai, P.O. Box No. 17930, Near Round About 12, Jebel Ali Free Zone Area, Dubai United Arab Emirates |
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Overseas Plant 2 : |
Mexico, Boulevard De Los Rios #5680 Zona Puerto Industiral, C.P. 89603 Altamira, Tamaulipas, Mexico |
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Overseas Plant 3 : |
Egypt R 2 Plot No. 3, Engineering Square, North Extension of Industrial Zones 6th of October City, Arab Republic of Egypt |
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Overseas Plant 4 : |
Poland 62-300 Wrzesnia, ul. Gen. Wladyslawa Sikorskiego 48, Poland |
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Overseas Plant 5 : |
USA 1221, North Black Branch Road, Elizabethtown, KY 42701 |
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Branch Office : |
FMC Fortuna” Unit No. A-16, 2nd Floor, 234/3A, A.J.C. Bose Road, Kolkata – 700 020, West Bengal, India |
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Zonal Office 1 : |
Unit No. 402, IVth Floor, Naman Center, Block-G, Bandra Kurla Complex, Plot No.C-31, Bandra, Mumbai-400051, Maharashtra, India |
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Zonal Office 2 : |
A-16, FMC Fortuna, 234/3A (2nd Floor), Acharya Jagdish Chandra Bose Road, Kolkata - 700 020, West Bengal, India |
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Zonal Office 3 : |
443, 2nd Floor, 7th Block, Koramangala, Bangalore - 560 095, Karnataka, India |
DIRECTORS
As on 31.03.2014
|
Name: |
Mr. Ashok Chaturvedi |
|
Designation : |
Chairman and Managing Director |
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Qualification : |
B.Sc. |
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Date of Appointment: |
01.08.1988 |
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Name : |
Mr. Ravi Kathpalia |
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Designation : |
Director |
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Date of Birth: |
18.08.1937 |
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Qualification: |
M.A., M. Phill, I.A.A.S |
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Date of Appointment : |
22.03.2002 |
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Directorship in other public limited companies : |
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Name : |
Mr. M.G. Gupta |
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Designation: |
Director |
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Name : |
Mr. Achintya Karati |
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Designation: |
Nominee – ICICI Bank |
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Date of Birth: |
23.03.1946 |
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Qualification: |
30.05.2013 |
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Date of Appointment : |
B.Com., LL.B. |
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Directorship in other public limited companies : |
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Name : |
Mr. S.K Kaushik |
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Designation: |
Whole-time Director |
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Date of Birth: |
20.11.1939 |
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Qualification: |
FCA |
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Date of Appointment : |
31.07.2005 |
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Directorship in other public limited companies : |
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Name : |
Mr. Vijay Kumar Gupta |
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Designation: |
Nominee IFCI |
KEY EXECUTIVES
|
Name : |
Mr. Ajay Krishna |
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Designation : |
Senior Vice President
(Legal) and Company Secretary |
SHAREHOLDING PATTERN
As on 31.03.2015
|
Category of
Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of
Shares |
|
(A) Shareholding of
Promoter and Promoter Group |
||
|
|
|
|
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|
2321729 |
3.22 |
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|
29462110 |
40.80 |
|
|
31783839 |
44.02 |
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|
|
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Total shareholding
of Promoter and Promoter Group (A) |
31783839 |
44.02 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
617 |
0.03 |
|
|
132978 |
0.19 |
|
|
5479943 |
7.62 |
|
|
0.00 |
0.00 |
|
|
5613538 |
7.84 |
|
|
|
|
|
|
7647931 |
10.62 |
|
|
|
|
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|
8495416 |
12.85 |
|
|
6902583 |
9.58 |
|
|
5436956 |
7.53 |
|
|
5165156 |
7.15 |
|
|
271800 |
0.38 |
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|
28482886 |
40.57 |
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Total Public
shareholding (B) |
34096424 |
48.42 |
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Total (A)+(B) |
65880263 |
92.43 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
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|
5465840 |
7.57 |
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|
5465840 |
7.57 |
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Total (A)+(B)+(C) |
71346103 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacture and Seller of flexible packaging products and
offer a complete flexible packaging solution |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
5090 (Approximately) |
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Bankers : |
UFLEX Limited, India - Bankers
Flex Middle East FZE, Dubai - Bankers
Flex Americas S.A. de C.V., Mexico - Bankers
Flex P. Films (Egypt) S.A.E., Egypt - Bankers
Flex Films Europa Sp. z.o.o., Poland- Bankers
Flex Films (USA) Inc., Kentucky, USA- Bankers
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Facilities : |
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Banking
Relations : |
--- |
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Statutory Auditors : |
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Name : |
Vijay Sehgal and Company Chartered Accountants |
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Address : |
100, New Rajdhani Enclave, Delhi – 110092, India |
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Tel. No.: |
91-11-32906809 |
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Fax No.: |
91-11-22025054 |
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E-Mail : |
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Internal Auditors : |
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Name : |
Jain Singhal and Associates Chartered Accountants |
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Address : |
2nd Floor, M - 6, M Block Market, Greater Kailash - II, New Delhi – 110048, India |
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Cost Auditors : |
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Name : |
Jitender, Navneet and Company Cost Accountants |
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Address : |
2-D, OCS Apartments, Mayur Vihar, Phase-I, Delhi - 110 091, India |
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Secretarial
Auditors : |
M/s Mahesh Gupta and Company Chartered Accountants |
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Address : |
110, Wadhwa Complex, D 288/10, Laxmi Nagar, Delhi-110 092, India |
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Wholly Owned
Subsidiaries (As on 31.03.2014): |
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Fellow Subsidiaries
(As on 31.03.2014) : |
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Associate (As on
31.03.2014): |
Flex Foods Limited |
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Joint Venture (As on
31.03.2014): |
Qcell Limited (Till 30th September 2013) |
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Enterprises in which the persons referred in (v)
along with their relatives exercise significant Influence (As on
31.03.2014): |
Flex International Private Limited. Anshika Investments Private Limited Ultimate Flexipack Limited. A.R.Infrastructure and Projects Private Limited Anant Overseas Private Limited Apoorva Extrusion Private Limited, Anshika Consultants Private Limited A.R. Leasing Private Limited Cinflex Infotech Private
Limited Ultimate Enterprises Private
Limited AR Aerotech Private Limited AR Airways Private Limited Kaya Kalpa Medical Services
Private Limited AC Infrastructures Private Limited Club One Airways Private Limited Flex Industries Private Limited AC Infratech Private Limited RC Properties Private Limited A to Z Infratech Private Limited Ultimate Infratech Private Limited AKC Investments Private Limited Ganadhipati Investments Private Limited Ultimate Prepress LLP, AKC Retailers Limited., Niksar Finvest Private Limited Refex Energy (Rajasthan) Private Limited A-One Infratech Private Limited Ganadhipati Infraproject Private Limited Nirman Overseas Private Limited, Holofix Urban Infrastructures Private Limited Laurel Real Estates Private Limited Sungrace Products (India) Private Limited Virgin Infrastructures Private Limited Vendee Builders Private Limited, Ultimate Energy Limited., Modern Info Technology Private Limited Liberal Advisory Services
Private Limited Saga Realtors Private Limited Genius Infratech Private Limited and Naveli Collections Private Limited |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.
722.100 Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
Rs. 10/- each |
Rs. 1500.000 Million |
|
19000000 |
Preferences Shares |
Rs. 100/- each |
Rs. 1900.000 Million |
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|
|
|
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Total |
|
Rs. 3400.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
72211486 |
Equity Shares |
Rs. 10/- each |
Rs.722.115 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
722.100 |
722.115 |
722.115 |
|
(b) Reserves & Surplus |
16155.200 |
15215.060 |
14132.706 |
|
(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) |
16877.300 |
15937.175 |
14854.821 |
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3475.500 |
4572.633 |
5514.744 |
|
(b) Deferred tax liabilities (Net) |
1054.400 |
1426.938 |
1593.238 |
|
(c) Other long term
liabilities |
32.100 |
39.829 |
37.273 |
|
(d) long-term
provisions |
107.400 |
90.211 |
87.413 |
|
Total Non-current
Liabilities (3) |
4669.400 |
6129.611 |
7232.668 |
|
|
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(4)
Current Liabilities |
|
|
|
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(a) Short
term borrowings |
2928.800 |
2677.054 |
2825.209 |
|
(b) Trade
payables |
4657.300 |
4454.810 |
4410.225 |
|
(c) Other
current liabilities |
2916.300 |
3815.178 |
4350.279 |
|
(d) Short-term
provisions |
605.500 |
671.801 |
620.191 |
|
Total Current
Liabilities (4) |
11107.900 |
11618.843 |
12205.904 |
|
|
|
|
|
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TOTAL |
32654.600 |
33685.629 |
34293.393 |
|
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|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
13081.400 |
12757.308 |
13879.145 |
|
(ii)
Intangible Assets |
0.000 |
67.995 |
94.958 |
|
(iii)
Capital work-in-progress |
0.000 |
727.150 |
144.467 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4482.600 |
5304.859 |
6580.094 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1661.500 |
654.778 |
844.675 |
|
(e) Other
Non-current assets |
14.600 |
42.847 |
123.695 |
|
Total Non-Current
Assets |
19240.100 |
19554.937 |
21667.034 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
20.000 |
|
(b)
Inventories |
2887.700 |
2166.581 |
2185.752 |
|
(c) Trade
receivables |
7818.900 |
8089.475 |
7124.169 |
|
(d) Cash
and cash equivalents |
726.100 |
1440.257 |
903.407 |
|
(e) Short-term
loans and advances |
1970.400 |
2280.213 |
2155.666 |
|
(f) Other
current assets |
11.400 |
154.166 |
237.365 |
|
Total
Current Assets |
13414.500 |
14130.692 |
12626.359 |
|
|
|
|
|
|
TOTAL |
32654.600 |
33685.629 |
34293.393 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
33271.700 |
31792.695 |
31563.656 |
|
|
|
Other Income |
612.900 |
812.534 |
240.300 |
|
|
|
TOTAL (A) |
33884.600 |
32605.229 |
31803.956 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
21255.000 |
19675.555 |
17229.164 |
|
|
|
Purchase of Stock-in-trade |
407.500 |
743.139 |
2860.614 |
|
|
|
Changes in inventories of finished goods, work-in-progress and Stock-in-Trade |
(114.400) |
110.083 |
(197.240) |
|
|
|
Employee benefits expense |
2512.100 |
2234.705 |
1844.731 |
|
|
|
Other expenses |
393.900 |
5273.843 |
5417.209 |
|
|
|
Expenses Allocated to Self-Constructed Assets |
0.000 |
(159.372) |
(319.811) |
|
|
|
Power and Fuel |
1531.100 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
29525.200 |
27877.953 |
26834.667 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4359.400 |
4727.276 |
4969.289 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1164.400 |
1672.269 |
1747.846 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3195.000 |
3055.007 |
3221.443 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1639.400 |
1468.123 |
1468.260 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1555.600 |
1586.884 |
1753.183 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
135.800 |
293.320 |
368.480 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1419.800 |
1293.564 |
1384.703 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
5023.401 |
5511.180 |
|
|
|
Design and Art Work Recovery |
|
10.521 |
21.590 |
|
|
|
Technical and Support Services |
|
316.557 |
648.154 |
|
|
|
Interest on loans granted to subsidiaries |
NA |
13.379 |
15.868 |
|
|
|
Misc. Income |
|
0.000 |
0.000 |
|
|
|
Commission for extension of Corporate Guarantee for Subsidiaries |
|
61.138 |
51.452 |
|
|
TOTAL EARNINGS |
|
5424.996 |
6248.244 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
5210.358 |
5587.727 |
|
|
|
Stores and Spares |
|
107.235 |
129.698 |
|
|
|
Capital Goods |
|
422.472 |
215.719 |
|
|
|
Material-in-Transit-Raw Material |
NA |
37.857 |
36.402 |
|
|
|
Material-in-Transit-Capital Goods/Spare Parts |
|
0.578 |
0.000 |
|
|
TOTAL IMPORTS |
|
5778.500 |
5969.546 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.66 |
17.91 |
19.18 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
2354.654 |
2308.008 |
|
Cash generated from operations |
NA |
2561.329 |
5562.359 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.27 |
4.07 |
4.39 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
13.10 |
14.87 |
15.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.52 |
5.74 |
6.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.10 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.38 |
0.45 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.22 |
1.03 |
STOCK
PRICES
|
Face Value |
Rs.10.00 |
|
Market Value |
Rs.125.10 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
722.115 |
722.115 |
722.100 |
|
Reserves & Surplus |
14132.706 |
15215.060 |
16155.200 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
14854.821 |
15937.175 |
16877.300 |
|
|
|
|
|
|
long-term borrowings |
5514.744 |
4572.633 |
3475.500 |
|
Short term borrowings |
2825.209 |
2677.054 |
2928.800 |
|
Total
borrowings |
8339.953 |
7249.687 |
6404.300 |
|
Debt/Equity
ratio |
0.561 |
0.455 |
0.379 |
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 |
31563.656 |
31792.695 |
33271.700 |
|
|
|
0.726 |
4.652 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
31563.656 |
31792.695 |
33271.700 |
|
Profit |
1384.703 |
1293.564 |
1419.800 |
|
|
4.39% |
4.07% |
4.27% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Particulars |
31.03.2015 (Rs. in Million) |
31.03.2014 (Rs. in Million) |
|
Long Term Borrowings |
|
|
|
From Bodies Corporate |
NA |
263.179 |
|
Current Portion |
NA |
(2354.654) |
|
Short Term Borrowings |
|
|
|
From Others* * Guaranteed by Chairman and
Managing Director of the company |
NA |
138.500 |
|
|
|
|
|
Total |
NA |
(1952.975) |
COMPANY AND
ITS BACKGROUND (As on 31.03.2014)
The Company was registered with the ROC, Delhi and Haryana under the Registration number 55-32166 dated 21st June 1988. Old Registration number has been converted into new Corporate Identification number (CIN) L74899DL1988PLC032166 The Registered Office of the Company is situated at 305, 3rd Floor, Bhanot Corner, Pamposh Enclave, Greater Kailash-I, New Delhi- 110 048 The Company has been engaged in the manufacture and sale of flexible packaging products and offer a complete flexible packaging solution to its customers across the globe.
MANAGEMENT DISCUSSION AND ANALYSIS (As on
31.03.2014)
Forward-Looking Statements
Forward-looking statements are based on certain assumptions and expectations of future events. The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. The Company’s actual results, performance or achievements could thus differ materially from those projected in any such forward-looking statements. The Company assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events.
Industry Structure and Developments The flexible packaging market is considered to be one of the most dynamic packaging markets exhibiting diversified types of packaging and materials used across the globe. The global flexible Packaging market is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.1% from 2013 to 2018. Polyethylene dominates this global market by materials accounting nearly 32% of the total market share and is projected to grow at a CAGR of 5.1% during the above said period. Polypropylene accounts for the second largest share in the segment growing at a CAGR of 4.9% during the period under review. The BOPP segment of polypropylene holds a significant share of around 80% growing at a CAGR of 5.2% during this period. Paper and Aluminum are growing at a CAGR of 5.5% and 5.4% respectively. Cellulosic is one of the materials which show potential growth in the future. It is projected to grow at a CAGR of 8.2% through to 2018. (sources: Markets & Markets) Food, beverage, personal care products and pharmaceutical industries are the most important constituents of consumer packaged goods. Good packaging dominates the market share in terms of value as well as volume. With a huge market potential and growing consumer preference the market is likely to witness substantial growth in the coming years. In the current packaging environment, flexible packaging is an important packaging solution for a saturated industry. It plays a vital role in protecting and extending the shelf life of end-products. Depending on the characteristics of the end-product and value to be offered by packaging, selection of resins and packaging type is decided. The right packaging type is essential to preserve the end-products such as food, beverage, personal care products and pharmaceuticals and prevent untoward chemical reactions endangering the consumer health. Hence, an efficient and suitable packaging solution is imperative for every product. The global packaging industry witnessed influence of technology innovation and development, a key reason for the industry’s robust growth over the last few decades. Over the years, technology development has been moving in sync with growing consumer demand for convenient and quality packaging. Eclectic packaging solutions, for instance, have evolved to offer exceptional product packaging advantages to manufacturers and consumers alike.
Opportunities and Threats (As on
31.03.2014)
The increasing need for sustainable and ecofriendly packaging is another trend being witnessed in the Global Flexible Packaging market. The public in many countries are raising environment and sustainability issues against packaging manufacturers. Numerous consumer product manufactures prefer using eco-friendly packaging material as it provides an opportunity to promote environmental sustainability. The increased environmental concern and the need to reduce pollution have led to more emphasis being placed on the sustainability of the environment, the use of recyclable materials, especially plastic, in packaging, and the use to resins that are derived from renewable resources. Factors such as these are expected to encourage the packaging vendors to research and develop new materials or incorporate new eco-friendly designs which encourage minimal use of no biodegradable materials in packaging. Hence, they prefer to use recyclable and biodegradable flexible packaging materials. One of the main drivers in this market is the increasing demand from consumers for convenient packaged products. Consumers look for products which are easy to open, consume, store, carry, and dispose of, which has led to an increase in the demand for flexible packaging as it is convenient to use. The key elements in the growth of flexible packaging are as under:
Light weighting
The plastic bottled water sector is a prime example of a market in which materials have gotten lighter and lighter over time producing less waste. However, manufacturers have now reached the stage where polyethylene tereolthalate (PET) bottles cannot be made much lighter. Therefore, the next step is to replace plastic bottles with lightweight, flexible pouches. The development has been gaining momentum over the years, although widespread usage had not yet occurred. The primary reason for this has been issues with high-speed filling – while PET bottles can be filled at speed of 1,500 per minute, the process of filling pouches falls behind, at only 400 packages per minute. However, some of the newer PET bottle-filling technologies are designed to transport the bottle through the cycle via henpeck, a breakthrough that will also allow the introduction of pouches using the same technology. This is forecast to occur as early as 2014, and the use of pouches would allow water companies to reduce their packaging weight by half.
Ease of
Decorating
Part of the total cost of any rigid package is the label, and these are applied as part of the filling process. Labels are supplied from a different supplier than the bottles, meaning that they often become a bottleneck in the filling process. With flexible packaging such as pouches, the converting of the pouch generally includes full printing features along with the lamination of the films if necessary. This printing only marginally increases the cost of the pouch and has no effect on the filling process. Printing options for flexible packaging are endless and can be instantaneously changed if required. Another key decorating feature is the printing of security or brand identity graphics, which is just being developed for flexible packaging. The challenge associated with this new technology is including security graphics in the packaging design without making it obvious to the potential counterfeiter. Solutions include pigment additives which only appear under certain lighting and inks that disappear and reappear depending on environmental conditions. Such technology simply isn’t possible with rigid alternatives.
Barrier
Properties
One of the main advantages of flexible packaging over rigid packaging is the ability of the company to “dial-in” the appropriate barrier for the product and end-use many products, such as juices, wines, and milk require a reasonable oxygen barrier. Bottles made from PET, glass, or multilayer paperboard laminates provide a barrier for all products whether it is required or not. A flexible package can be supplied with barrier properties that can provide anything from moisture and aroma protection to essentially the same barriers as glass. Aluminium foil has been used for many years as the ultimate flexible barrier maternal, although its properties are compromised by the most recent flexible packaging developments, such as stand-up pouches. When creased, the foil can fracture, leading to pinholes that let in oxygen, water, and light. To combat this, new flexible materials such as styrene-acrylonitrile (SAN) have been developed. SAN is tough even in thin layers, and recent production methods have improved the flexible properties of this resin.
Packaging variation and Dispensing
Packages
made from flexible plastic films can be made into practically any imaginable
shape, and the inclusion of handles, fitments, and opening features is quite
straightforward. Today’s pouches often have advanced dispensing functions, such
as screw-top caps and laser scored tear features. Flexible packaging can also
be used to enhance rigid packs, an example is shrink labels used for plastic bottles.
These labels not only provide attractive decoration features but additional
levels of barrier protection against oxygen or light. Other key technical
developments include fitments for use with flexible packaging for liquids, with
traditional dispensing taps leading to connecting valves, one-way dispensers,
and pop-up straws. Connecting valves allow consumers to connect a pouch of
dishwashing soap directly to the appliance, so the proper amount of detergent
is dosed every cycle a n d no cleanup is required.
FUTURE OUTLOOK
(As on 31.03.2014)
Because
of growing consumer focus on convenience and sustainability, general flexible
packaging use has been growing rapidly worldwide both in absolute and
percentage terms. It is gaining market share from other packaging formats such
as rigid packaging. This growth is projected to continue because flexible
packaging, particularly pouch packaging, uses less energy and materials and has
lower transport costs, environmental impact and carbon footprint than its rigid
counterparts. These current trends concerning flexible packaging and rapid
growth are anticipated to continue and increase over the next 10 years to 2023.
There will be continuous development of new flexible packaging products for new
markets and applications encroaching on traditional rigid packaging. High
growth is expected in Europe and North America, as well as in the emerging
markets of Asia and Central and South America. Important drivers from a
manufacturing viewpoint will include savings in materials, manufacturing and
transportation costs and increased line filling speeds for pouches to match
those for rigid bottles. From the consumer viewpoint two important drivers will
be the growing focus on convenience and sustainability
INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10504071 |
24/05/2014 |
1,516,500,000.00 |
CANARA BANK |
PCB CONNAUGHT PLACE, NEW DELHI, DELHI, DELHI - 110001, INDIA |
C07265069 |
|
2 |
10488516 |
24/03/2014 |
500,000,000.00 |
JAMMU AND KASHMIR BANK LIMITED |
JAMMU AND KASHMIR BANK LIMITED, LAJPAT NAGAR IV, NEW DELHI, DELHI - 110024, INDIA |
C02530079 |
|
3 |
10485032 |
21/07/2014 * |
1,549,750,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH II, WORLD TRADE TOWER, BAR |
C15938467 |
|
4 |
10452372 |
14/08/2013 |
9,300,000.00 |
JAMMU AND KASHMIR BANK LIMITED |
P-2,JOP PLAZA, SECTOR-18, NOIDA, NOIDA, UTTAR PRADESH - 201301, INDIA |
B86388923 |
|
5 |
10417881 |
04/09/2013 * |
1,250,000,000.00 |
CANARA BANK |
PCB CONNAUGHT PLACE, WORLD TRADE TOWER,BARAKHAMBA |
B85561819 |
|
6 |
10410566 |
14/11/2013 * |
500,000,000.00 |
IFCI LIMITED |
IFCI TOWER, 61 NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
B89298582 |
|
7 |
10395743 |
27/08/2013 * |
500,000,000.00 |
THE JAMMU AND KASHMIR BANK LIMITED |
A-17, RING ROAD, LAJPAT NAGAR IV, NEW DELHI, DELHI - 110024, INDIA |
B84727890 |
|
8 |
10335387 |
27/05/2013 * |
150,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH, IIND FLOOR, WORLD TRADE TOWER, BARAKHAMBA LANE, DELHI - 110001, INDIA |
B76836014 |
|
9 |
10301923 |
12/08/2011 |
750,000,000.00 |
SYNDICATE BANK |
LARGE CORPORATE BRANCH, 3RD FLOOR,NO.10 HOMJI STREET,FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B18609917 |
|
10 |
10281550 |
14/11/2013 * |
2,000,000,000.00 |
IFCI LIMITED |
IFCI TOWER, 61 NEHRU PLACE, DELHI - 110019, INDIA, DELHI, DELHI - 110019, INDIA |
B89299838 |
|
11 |
10223626 |
27/07/2012 * |
1,000,000,000.00 |
BANK OF INDIA |
NEW DELHI LARGE CORPORATE BRANCH, PTI BUILDING,4 |
B55797419 |
|
12 |
10219536 |
27/07/2012 * |
2,400,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE BRANCH, 1ST FLOOR, 17 PARLIAME |
B55797146 |
|
13 |
10182472 |
27/07/2012 * |
1,600,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B55803779 |
|
14 |
10173188 |
21/07/2014 * |
5,650,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH II, WORLD TRADE TOWER, BAR |
C15808454 |
|
15 |
10114823 |
02/06/2009 * |
75,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH-II, IIND FLOOR, WORLD TRAD |
A66123217 |
|
16 |
10000468 |
09/11/2006 * |
435,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE BRANCH, 17, PARLIAMENT STREET, |
A00155556 |
|
17 |
80057655 |
16/08/2005 |
255,725,000.00 |
IFCI LIMITED |
IFCI TOWER, 61, NEHRU PLACE , NEW DELHI, DELHI - |
- |
|
18 |
90063472 |
26/11/2010 * |
100,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, TOLOSTOY HOUSE TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA |
B00842500 |
|
19 |
80023749 |
06/05/2010 * |
350,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE BRANCH, 1ST FLOOR, 17 PARLIAME |
A86230687 |
|
20 |
90063342 |
21/12/2004 |
110,000,000.00 |
CANARA BANK |
INDUSTRIAL FINANCE BRANCH, 2ND; FLOOR WORLD TRADE |
- |
|
21 |
90063301 |
29/01/2009 * |
755,600,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE BRANCH, 17, PARLIAMENT STREET, |
A58802406 |
|
22 |
80043885 |
18/07/2003 |
37,000,000.00 |
CANARA BANK |
INDUSTRIAL FINANCE BRANCH, WORLD TRADE TOWER, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
- |
|
23 |
80057738 |
18/05/2001 |
371,800,000.00 |
ICICI LIMITED |
ICICI TOWER, NBCC PLACE, BISHAM PITAMAH MARG, PRAGATI VIHAR, NEW DELHI, DELHI - 110003, INDIA |
- |
|
24 |
80057739 |
18/05/2001 |
371,800,000.00 |
ICICI LIMITED |
ICICI TOWER, NBCC PLACE, BISHAM PITAMAH MARG, PRAGATI VIHAR, NEW DELHI, DELHI - 110003, INDIA |
- |
|
25 |
80057744 |
01/09/2001 * |
250,857,800.00 |
THE WESTERN INDIA TRUSTEE AND EXECUTOR CO LIMITED |
16TH FLOOR, C WING, MITTAL COURT, , NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
|
26 |
80045787 |
16/08/2005 * |
215,937,344.00 |
IFCI LIMITED |
IFCI TOWER,, 61, NEHRU PLACE , NEW DELHI, DELHI - |
- |
|
27 |
90046939 |
09/02/2001 * |
32,500,000.00 |
VIJAYA BANK |
A -5 ; SEC. -19, NOIDA, UTTAR PRADESH - 201301, INDIA |
- |
|
28 |
80064010 |
05/07/1997 |
24,000,000.00 |
BANK OF BARODA |
15-A/14, W.E.A KAROL BAGH, , NEW DELHI, DELHI - 110005, INDIA |
- |
|
29 |
80064004 |
05/07/1997 |
65,700,000.00 |
BANK OF BARODA |
15-A/14, , W.E.A , KAROL BAGH, NEW DELHI, DELHI - |
- |
|
30 |
90046784 |
29/01/2009 * |
65,000,000.00 |
ORIENTAL BANK OF COMMERCE |
A - 135A, SECTOR - 27, NOIDA, UTTAR PRADESH - 201301, INDIA |
A58555608 |
|
31 |
90060963 |
25/03/1997 * |
83,700,000.00 |
ING BANK |
7TH; FLOOR; HAECHST HOUSE; POST BAG NO.9971, NARIMAN POINT, BOMBAY, MAHARASHTRA, INDIA |
- |
|
32 |
90041725 |
29/01/2009 * |
40,500,000.00 |
CORPORATION BANK |
16/10, ARYA SAMAJ ROAD,, KAROL BAGH, NEW DELHI, DELHI - 110005, INDIA |
A58415704 |
|
33 |
90041656 |
09/12/1999 * |
500,000,000.00 |
ICICI LIMITED. |
ICICI TOWERS, BANDRA KURLA COMPLEX; BANDRA, MUMBAI, MAHARASHTRA, INDIA |
- |
|
34 |
80057734 |
25/03/1997 * |
23,000,000.00 |
ICICI BANK LIMITED |
163, BACKBAY RECLAMATION , MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
35 |
80057735 |
25/03/1997 * |
23,000,000.00 |
ICICI BANK LIMITED |
163, BACKBAY RECLAMATION , MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
36 |
90060832 |
25/03/1997 * |
83,700,000.00 |
ING BANK |
7TH; FLOOR; HAECHST HOUSE; POST BAG NO.9971, NARI |
- |
|
37 |
90046434 |
09/02/2001 * |
42,500,000.00 |
THE ICICI BANK LIMITED. |
9-A ; CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, |
- |
|
38 |
80045786 |
15/02/2010 * |
20,000,000.00 |
IFCI LIMITED |
IFCI TOWER, 61 NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
A80119902 |
|
39 |
90060723 |
25/03/1997 * |
900,000,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA LIMITED |
BANK OF BARODA BUILDING, 16; SANSAD MARG; P. B. NO. 363, NEW DELHI, DELHI - 110003, INDIA |
- |
|
40 |
80000384 |
09/03/2006 * |
936,617,160.00 |
INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OF IN |
163, BACKBAY RECLAMATION, BOMBAY, MAHARASHTRA - 400020, INDIA |
A00136994 |
|
41 |
90060446 |
29/01/2009 * |
168,300,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, 1ST FLOOR, TOLSTOY HOUSE, |
A58426750 |
|
42 |
80045190 |
29/01/2009 * |
145,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, 1ST FLOOR, TOLSTOY HOUSE, |
A58599838 |
|
43 |
90041277 |
12/02/2002 * |
26,500,000.00 |
BANK OF BARODA |
15A/14; WESTERN EXTENSION AREA, KAROL BAGH, NEW DELHI, DELHI - 110005, INDIA |
- |
|
44 |
90060444 |
03/08/1994 |
98,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT |
163; BACKBAY RECLAMATION, BOMBAY, MAHARASHTRA - 400020, INDIA |
- |
|
45 |
90060369 |
29/01/2009 * |
298,300,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL SERVICES BRANCH, 11TH FLOOR, |
A58244237 |
|
46 |
90041197 |
12/02/2002 * |
10,000,000.00 |
BANK OF BARODA |
15A/14; WESTERN EXTENSION AREA, KAROL BAGH, NEW D |
- |
|
47 |
80000447 |
16/07/1993 |
282,187,500.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CORPORATION O |
163, BACBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA |
- |
|
48 |
90060270 |
14/06/2000 * |
282,187,500.00 |
ICICI LIMITED |
ICICI TOWERS, BANDRA KURLA COMPLEX; BANDRA EAST, |
- |
|
49 |
90060241 |
25/03/1997 * |
15,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CORP OF INDIA |
163; BACKBAY RECLAMATION, BOMBAY, MAHARASHTRA - 400020, INDIA |
- |
|
50 |
80064074 |
20/03/1993 |
10,000,000.00 |
CANARA BANK |
INDL. FINANCE BRANCH, WORLD TRADE TOWER, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
- |
|
51 |
80064003 |
28/05/1992 |
2,200,000.00 |
CANARA BANK |
INDUSTRIAL FIFNANCE BRANCH, , NEW DELHI, DELHI - |
- |
|
52 |
90045847 |
06/02/1992 |
7,500,000.00 |
CANARA BANK |
NEW DELHI, NEW DELHI, DELHI, INDIA |
- |
|
53 |
90045839 |
21/01/1992 |
7,670,000.00 |
THE PRADESHIYA INDUSTRIAL AND INVESTMENT CORPN. OF |
PICUP BHAWAN, GOMTI NAGAR, LUCKNOW, UTTAR PRADESH |
- |
|
54 |
90045778 |
16/04/1991 |
194,063.00 |
FINANCE LIMITED. |
413 ; SWAPNA LOK COMPLEX, S.D. ROAD, SECUNDERABAD, UTTAR PRADESH, INDIA |
- |
|
55 |
90059963 |
25/03/1997 * |
7,100,000.00 |
THE INDUSTRIAL FINACNE CORP OF INDIA |
BANK OF BARODA BUILDING, 16; SANSAD MARG, NEW DELHI, DELHI, INDIA |
- |
|
56 |
90045612 |
02/06/2009 * |
419,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH-II, IIND FLOOR, WORLD TRADE TOWER, BARAKHAMBA LANE, NEW DELHI, DELHI - 110001, INDIA |
A66233834 |
|
57 |
80064009 |
15/03/2001 * |
25,000,000.00 |
CANARA BANK |
INDUSTRIAL FINANCE BRANCJ, , NEW DELHI, DELHI - 110001, INDIA |
- |
|
58 |
80064001 |
23/01/1990 |
76,900,000.00 |
CANARA BANK |
NEHRU PLACE , , NEW DELHI, DELHI - 110019, INDIA |
- |
|
59 |
80043886 |
02/06/2009 * |
316,500,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH-II, IIND FLOOR, WORLD TRADE TOWER, BARAKHAMBA LANE, NEW DELHI, DELHI - 110001, INDIA |
A66236266 |
|
60 |
90045446 |
15/10/1988 |
2,300,000.00 |
CANARA BANK |
NEHRU PLACE, NEW DELHI, DELHI, INDIA |
- |
|
61 |
90052136 |
03/04/1989 * |
1,250,000.00 |
CANARA BANK |
NEHRU PLACE, NEW DELHI, DELHI, INDIA |
- |
|
62 |
90052111 |
12/03/1987 |
45,500.00 |
U.P. FINANCIAL CORPORATION |
KANPUR, KANPUR, UTTAR PRADESH, INDIA |
- |
|
63 |
90052033 |
01/06/1985 |
1,800,000.00 |
U.P. FINANCIAL CORPORATION |
14/88; CIVIL LINES, KANPUR, UTTAR PRADESH, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Freehold Land
· Leasehold Land
· Buildings
· Plant and Machinery
· Electrical Installations
· Office Equipments
· Furniture and Fixtures
· Vehicles
· Software
· Aircraft
· Patent
· Technical Know-How
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.63.61 |
|
|
1 |
Rs.99.79 |
|
Euro |
1 |
Rs.71.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--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.