MIRA INFORM REPORT
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Report No. : |
320739 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
PNM KATYANI PACKAGINGS PRIVATE LIMITED |
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|
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Registered
Office : |
D-113, Sector – 4, DSIIDC Industrial Area, Bawana, New Delhi – 110039 |
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Tel. No.: |
91-11-65131162 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
01.04.2011 |
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Com. Reg. No.: |
55-216896 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.467 Million |
|
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|
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CIN No.: [Company Identification
No.] |
U37100DL2011PTC216896 |
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|
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELP17473B |
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|
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PAN No.: [Permanent Account No.] |
AAFCP9277L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Laminates Pouches. |
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No. of Employees
: |
17 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 64000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Profitability of the company seems to be low during 2014. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Ms. Anju Sharma |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-9711205357 |
|
Date : |
05.05.2015 |
LOCATIONS
|
Registered Office/ Factory : |
D-113, Sector – 4, DSIIDC Industrial Area, Bawana, New Delhi – 110039,
India |
|
Tel. No. : |
91-11-65131162 |
|
Mobile No. : |
91-9811165357/9711205357 |
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Fax No. : |
91-11-27762118 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Udai Vir Singh |
|
Designation : |
Director |
|
Address : |
96, Rishi Apartments, Rohini Sector – 9, |
|
Date of Birth/Age : |
08.01.1967 |
|
Date of Appointment : |
01.04.2011 |
|
DIN No. : |
03472310 |
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|
|
|
Name : |
Mrs. Mridula Singh |
|
Designation : |
Director |
|
Address : |
96, Rishi Apartments, Rohini Sector – 9, |
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Date of Birth/Age : |
04.01.1992 |
|
Date of Appointment : |
01.04.2011 |
|
DIN No. : |
03473402 |
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|
|
|
Name : |
Mrs. Poonam Singh |
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Designation : |
Director |
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Address : |
96, Rishi Apartments, Rohini Sector – 9, |
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Date of Birth/Age : |
20.08.1967 |
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Date of Appointment : |
01.04.2011 |
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DIN No. : |
03475912 |
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KEY EXECUTIVES
|
Name : |
Ms. Anju Sharma |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Udai Vir Singh |
41650 |
89.28 |
|
Mridula Singh |
5000 |
10.72 |
|
Total |
46650 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Laminates Pouches. |
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Brand Names : |
--- |
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Agencies Held : |
--- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· Ethiopia · Uganda |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Dubai |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
Kuber Polyfab Private Limited
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Customers : |
Wholesalers and Retailers · RFB Latex Limited
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No. of Employees : |
17 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
A K Jindal and Associates Chartered Accountants |
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Address : |
1224/5, Naiwala Karol Bagh, Delhi – 110005, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAHFA1597M |
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Memberships : |
--- |
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Collaborators : |
--- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46650 |
Equity Shares |
Rs.10/- each |
Rs. 0.467 Million |
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FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF
FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
0.467 |
0.467 |
0.467 |
|
(b) Reserves & Surplus |
1.771 |
1.740 |
1.679 |
|
(c) Money
received against Share Warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2)
Share Application Money Pending Allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
2.238 |
2.207 |
2.146 |
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|
|
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(3) Non-Current
Liabilities |
|
|
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|
(a) Long-term Borrowings |
1.445 |
1.445 |
1.545 |
|
(b) Deferred Tax Liabilities (Net) |
0.012 |
0.012 |
0.005 |
|
(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) |
1.457 |
1.457 |
1.550 |
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(4) Current Liabilities |
|
|
|
|
(a) Short
term Borrowings |
1.887 |
4.579 |
5.793 |
|
(b) Trade
Payables |
0.423 |
0.880 |
0.286 |
|
(c) Other
Current Liabilities |
1.163 |
1.540 |
0.419 |
|
(d) Short-Term
Provisions |
0.039 |
0.021 |
0.009 |
|
Total Current
Liabilities (4) |
3.512 |
7.020 |
6.506 |
|
|
|
|
|
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TOTAL |
7.207 |
10.684 |
10.203 |
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II.
ASSETS |
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|
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|
(1) Non-Current Assets |
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|
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(a) Fixed
Assets |
|
|
|
|
(i)
Tangible Assets |
1.214 |
1.484 |
1.714 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital Work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible Assets under Development |
0.000 |
0.000 |
0.000 |
|
(b) Non-Current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred Tax Assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-Term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-Current Assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1.214 |
1.484 |
1.713 |
|
|
|
|
|
|
(2) Current Assets |
|
|
|
|
(a)
Current Investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.422 |
1.249 |
1.837 |
|
(c) Trade
Receivables |
2.147 |
5.368 |
4.046 |
|
(d) Cash
and Cash Equivalents |
0.628 |
0.622 |
0.728 |
|
(e)
Short-Term Loans and Advances |
2.782 |
1.937 |
1.840 |
|
(f) Other
Current Assets |
0.014 |
0.024 |
0.038 |
|
Total
Current Assets |
5.993 |
9.200 |
8.489 |
|
|
|
|
|
|
TOTAL |
7.207 |
10.684 |
10.203 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
27.743 |
17.363 |
36.279 |
|
|
|
Other Income |
0.573 |
0.288 |
0.435 |
|
|
|
TOTAL (A) |
28.316 |
17.651 |
36.714 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
21.295 |
12.967 |
30.179 |
|
|
|
Other Manufacturing expenses |
1.605 |
1.176 |
0.85 |
|
|
|
Consumption of Stores and Spare Parts |
0.985 |
0.084 |
0.122 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
0.019 |
0.069 |
2.987 |
|
|
|
Employees benefits expense |
2.272 |
1.343 |
1.09 |
|
|
|
Other expenses |
1.281 |
1.077 |
0.423 |
|
|
|
TOTAL (B) |
27.457 |
16.716 |
35.651 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B)
(C) |
0.859 |
0.935 |
1.063 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.516 |
0.543 |
0.739 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.343 |
0.392 |
0.324 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.270 |
0.244 |
0.282 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
0.071 |
0.089 |
0.044 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.041 |
0.028 |
0.014 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
0.030 |
0.061 |
0.030 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
14.507 |
3.773 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.65 |
1.32 |
0.64 |
|
Expected Sales (2014-2015): Rs. 2.000 Million
The above information has been parted by Ms. Anju Sharma (Accounts Head)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.11 |
0.35 |
0.08 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.10 |
5.39 |
2.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.99 |
0.83 |
0.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.04 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.49 |
2.73 |
3.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71 |
1.31 |
1.30 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.467 |
0.467 |
0.467 |
|
Reserves & Surplus |
1.679 |
1.740 |
1.771 |
|
Net
worth |
2.146 |
2.207 |
2.238 |
|
|
|
|
|
|
Long-term borrowings |
1.545 |
1.445 |
1.445 |
|
Short term borrowings |
5.793 |
4.579 |
1.887 |
|
Total
borrowings |
7.338 |
6.024 |
3.332 |
|
Debt/Equity
ratio |
3.419 |
2.729 |
1.489 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
36.279 |
17.363 |
27.743 |
|
|
|
-52.140 |
59.782 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
36.279 |
17.363 |
27.743 |
|
Profit |
0.030 |
0.061 |
0.030 |
|
|
0.08% |
0.35% |
0.11% |
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10306507 |
08/01/2015 * |
9,600,000.00 |
INDIAN OVERSEAS BANK |
PASCHIM VIHAR BRANCH, 175, AVTAR ENCLAVE, PASCHIM VIHAR, DELHI - 110063, INDIA |
C41963281 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
1.445 |
1.445 |
|
Total |
1.445 |
1.445 |
FIXED ASSETS
· Plant and Machinery
· Furniture and Fixture
· Computers
· Vehicles
· Office Equipments
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.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.