MIRA INFORM REPORT
|
Report No. : |
348181 |
|
Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHRIJI POLYMERS (INDIA) LIMITED |
|
|
|
|
Formerly Known
As : |
SHRIJI POLYMERS (INDIA) PRIVATE LIMITED [w.e.f.10.12.2004] SELVEL COMMERCIAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15D, Industrial Area, Maxi Road, Ujjain – 456010, Madhya Pradesh |
|
Tel. No.: |
91-734-2526236/ 2524071/ 73 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.07.1996 |
|
|
|
|
Com. Reg. No.: |
10-011027 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 230.458
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51102MP1996PLC011027 |
|
|
|
|
IEC No.: |
1105001342 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLS06223A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS6990E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Containers and Closures. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2149000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1996 and it is engaged in
manufacturing HDPE bottles and PP caps for pharmaceutical markets. Its
products include HDPE us FDA Plastic Bottles, derma application bottles and
wide mouth jar with temper evident caps. For the financial year ended 2014, company has reported 31.02% sales
turnover growth as compared to previous sales turnover and it has maintained
decent profitability margins at 15.27% during the year under a review. Rating also takes into consideration company’s established track
record of business supported by its satisfactory financial profile along with
sound networth base and healthy debt coverage indictors. Rating strength partially offset by company’s profit margins exposure
to volatility in raw material prices and working capital intense nature of
business operations. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
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
31-03-2015.
LOCATIONS
|
Registered Office : |
15D, Industrial Area, Maxi Road, Ujjain – 456010, Madhya Pradesh, India |
|
Tel. No.: |
91-734-2526236/ 2524071/ 73 |
|
Mobile No.: |
91-9752412208 (Ms. Namrata Jhanwar) |
|
Fax No.: |
91-734-2526645 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 01.09.2014
|
Name : |
Mr. Anand Bangur |
|
Designation : |
Managing director |
|
Address : |
"Shreenilayam", 1, Ramkrishna Colony, Dewas Road, Ujjain - 456010, Madhya Pradesh, India |
|
Date of Birth/Age : |
26.03.1963 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.02.2011 |
|
PAN No.: |
ABRPB5355M |
|
DIN No.: |
00017170 |
|
|
|
|
Name : |
Mr. Vishnu Jajoo |
|
Designation : |
Whole-time director |
|
Address : |
106, Shivaji Park Colony, Dewas Road, Ujjain - 456010, Madhya Pradesh, India |
|
Date of Birth/Age : |
10.11.1975 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.02.2011 |
|
PAN No.: |
ABMPJI228Q |
|
DIN No.: |
00806268 |
|
|
|
|
Name : |
Beni Gopal Lahoti |
|
Designation : |
Director |
|
Address : |
69, Veer Durga Das Nagar, Pali - 306401, Rajasthan, India |
|
Date of Birth/Age : |
04.07.1957 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.06.2011 |
|
DIN No.: |
01471115 |
|
|
|
|
Name : |
Mr. Banwari Lal Kasat |
|
Designation : |
Director |
|
Address : |
Flat No. 402, Dilpasand Residency, Manorama Ganj, Indore - 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
06.09.1950 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.06.2011 |
|
DIN No.: |
03569703 |
|
|
|
|
Name : |
Mr. Anurag Somani |
|
Designation : |
Whole-time director |
|
Address : |
Shree Nilyam, 1, Ramkrishan Colony,, Dewas Road,, Ujjain - 456010, Madhya Pradesh, India |
|
Date of Birth/Age : |
22.07.1985 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
18.05.2013 |
|
DIN No.: |
02963336 |
|
|
|
|
Name : |
Mr. Manish Baheti |
|
Designation : |
Director |
|
Address : |
14, Old Palasia, Indore - 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
20.05.1969 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
16.01.2014 |
|
DIN No.: |
01469759 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 01.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Vishnu Jajoo |
|
839039 |
|
Anand Bangur |
|
5022280 |
|
Swati Comm Private Limited, India |
|
1694000 |
|
Arpit Packaging Private Limited, India |
|
891000 |
|
Vyanktesh Securities Private Limited, India |
|
1199000 |
|
Somani Veena |
|
635000 |
|
Bangur Anusha |
|
429000 |
|
Dyuti Jajoo U/G Shweta Jajoo |
|
599500 |
|
Kriti Jajoo U/G Shweta Jajoo |
|
354750 |
|
Jajoo B.S. |
|
436150 |
|
Navyug Vyapaar Private Limited, India |
|
1848916 |
|
Bangur Saroj |
|
4087652 |
|
Jajoo Shweta |
|
96687 |
|
Jajoo Krishna |
|
2008599 |
|
Flag Synthetics Limited, India |
|
556567 |
|
Betarstep Trading Private Limited, India |
|
39877 |
|
Dwarkesh Finance Limited |
|
807869 |
|
Famous Vanijya Private Limited, India |
|
878237 |
|
Patni Industries Limited, India |
|
231657 |
|
Bangur Samiksha |
|
300000 |
AS ON 01.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
35.74 |
|
Directors
or relatives of directors |
64.26 |
|
|
|
|
Total |
100.00 |
%20LIMITED%20-%20348181%2010-Nov-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Containers and Closures. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
300 (Approximately) |
||||||||||||||||||||||
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||||||||||||||||||||||
|
Bankers : |
·
Small Industries Development Bank of India First Floor, 20 A/R, M.P.
Nagar Zone II, Bhopal - 462011, Madhya Pradesh, India ·
Small Industries Development Bank of India SIDBI Tower, 15 Ashok
Marg, Lucknow - 226001, Uttar Pradesh, India ·
State Bank of Indore Freeganj Branch, L.M.
Complex,, Ujjain - 456010, Madhya Pradesh, India ·
Punjab National Bank Kanthal Branch, Ujjain -
456006, Madhya Pradesh, India ·
HDFC Bank Limited · Bank of Baroda · ICICI Bank Limited ·
State Bank of India
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V.K. Ladha and Associates Chartered Accountants |
|
Address : |
36, Dravid Margkshir Sagar Colony, Ujjain - 456001, Madhya Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFV8671N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
·
Arpit Plastics Private Limited
[U25201MP1996PTC011497] ·
Padma Polytex India Private Limited
[U17122MP1993PTC008006] ·
Vyanktesh Corrugators Private Limited
[U51102MP1996PTC011026] ·
Tirupati Corrugators ·
Navyug Vyapaar Private Limited
[U51909MP2004PTC031641] ·
Shriniwas Polyfabrics And Packwell Private
Limited [U25202MP2012PTC028529] ·
Balaji Transport ·
Narsing Transport ·
Shri Malwa Plastic Packaging Cluster
Private Limited [U29220MP2011PTC026465] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 240.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23,045,780 |
Equity Shares |
Rs. 10/- each |
Rs. 230.458
Million |
|
|
|
|
|
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 |
230.458 |
110.951 |
110.951 |
|
(b) Reserves & Surplus |
521.823 |
384.191 |
124.110 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
119.507 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
752.281 |
614.649 |
235.061 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
189.865 |
140.827 |
94.063 |
|
(b) Deferred tax liabilities (Net) |
77.960 |
61.159 |
15.870 |
|
(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) |
267.825 |
201.986 |
109.933 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
190.767 |
192.988 |
38.312 |
|
(b)
Trade payables |
58.822 |
60.754 |
40.381 |
|
(c)
Other current liabilities |
114.589 |
85.007 |
42.845 |
|
(d)
Short-term provisions |
8.605 |
8.536 |
31.065 |
|
Total
Current Liabilities (4) |
372.783 |
347.285 |
152.603 |
|
|
|
|
|
|
TOTAL |
1392.889 |
1163.920 |
497.597 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
762.280 |
666.107 |
127.872 |
|
(ii)
Intangible Assets |
5.617 |
7.808 |
0.833 |
|
(iii)
Capital work-in-progress |
1.379 |
12.956 |
148.255 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
6.144 |
|
(b) Non-current
Investments |
1.090 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
36.977 |
22.020 |
29.894 |
|
(e)
Other Non-current assets |
8.091 |
7.871 |
0.000 |
|
Total
Non-Current Assets |
815.434 |
716.762 |
312.998 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
237.453 |
195.278 |
51.970 |
|
(c)
Trade receivables |
265.691 |
181.337 |
94.441 |
|
(d)
Cash and cash equivalents |
12.987 |
21.757 |
10.110 |
|
(e)
Short-term loans and advances |
5.415 |
9.350 |
3.183 |
|
(f)
Other current assets |
55.909 |
39.436 |
24.895 |
|
Total
Current Assets |
577.455 |
447.158 |
184.599 |
|
|
|
|
|
|
TOTAL |
1392.889 |
1163.920 |
497.597 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
945.927 |
721.998 |
488.326 |
|
|
|
Other Income |
10.790 |
15.832 |
6.594 |
|
|
|
TOTAL (A) |
956.717 |
737.830 |
494.920 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
507.229 |
369.997 |
321.331 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(74.982) |
(65.997) |
(5.213) |
|
|
|
Employees benefits expense |
56.721 |
39.368 |
19.057 |
|
|
|
Other expenses |
105.578 |
97.839 |
43.698 |
|
|
|
Exceptional Items |
1.452 |
(0.379) |
5.360 |
|
|
|
TOTAL (B) |
595.998 |
440.828 |
384.233 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
360.719 |
297.002 |
110.687 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
55.421 |
33.181 |
7.650 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
305.298 |
263.821 |
103.037 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
99.118 |
57.843 |
7.409 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
206.180 |
205.978 |
95.628 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
61.635 |
68.639 |
32.451 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
144.545 |
137.339 |
63.177 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
17.152 |
2.984 |
0.073 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
222.316 |
122.024 |
58.901 |
|
|
|
Capital Goods |
60.460 |
92.653 |
12.105 |
|
|
TOTAL IMPORTS |
282.776 |
214.677 |
71.006 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.27 |
12.38 |
9.96 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
65.974 |
48.543 |
15.264 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
230.768 |
244.773 |
123.439 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
15.28 |
19.02 |
12.94 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
38.13 |
41.14 |
22.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.83 |
17.90 |
27.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.34 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.59 |
0.62 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55 |
1.29 |
1.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
110.951 |
110.951 |
230.458 |
|
Reserves & Surplus |
124.110 |
384.191 |
521.823 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
119.507 |
0.000 |
|
Net
worth |
235.061 |
614.649 |
752.281 |
|
|
|
|
|
|
Long-term borrowings |
94.063 |
140.827 |
189.865 |
|
Short term borrowings |
38.312 |
192.988 |
190.767 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
15.264 |
48.543 |
65.974 |
|
Total
borrowings |
147.639 |
382.358 |
446.606 |
|
Debt/Equity ratio |
0.628 |
0.622 |
0.594 |
%20LIMITED%20-%20348181%2010-Nov-2015_files/image015.gif)
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 |
488.326 |
721.998 |
945.927 |
|
|
|
47.852 |
31.015 |
%20LIMITED%20-%20348181%2010-Nov-2015_files/image017.gif)
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 |
488.326 |
721.998 |
945.927 |
|
Profit |
63.177 |
137.339 |
144.545 |
|
|
12.94% |
19.02% |
15.28% |
%20LIMITED%20-%20348181%2010-Nov-2015_files/image019.gif)
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 |
Yes |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10557672 |
27/03/2015 |
10,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
20 A/R, ABOVE JAN JAN JAGRAN NEWS PAPER,
M.P. NAGAR, ZONE II,, BHOPAL, MADHYA PRADESH - 462011, INDIA |
C48072151 |
|
2 |
10535096 |
08/12/2014 * |
116,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
20 A/R, 1ST FLOOR, MP NAGAR ZONE II, BHOPAL,
MADHYA PRADESH - 462011, INDIA |
C36242980 |
|
3 |
10512523 |
16/09/2015 * |
721,817,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C66972159 |
|
4 |
10493315 |
15/05/2014 |
65,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
20 A/R, 1ST FLOOR, MP NAGAR, ZONE II,
BHOPAL, MADHYA PRADESH - 462011, INDIA |
C04238879 |
|
5 |
10485497 |
15/05/2014 * |
60,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
FIRST FLOOR, 20 A/R MP NAGAR ZONE II,
BHOPAL, MADHYA PRADESH - 462011, INDIA |
C04238168 |
|
6 |
10482676 |
07/03/2014 |
10,000,000.00 |
SMALL INDUSTRIES DEVLOPMENT BANK OF INDIA |
20 A/R, ABOVE JAN JAN JAGRAN NEWS PAPER, M.P.
NAGAR, ZONE II, BHOPAL, MADHYA PRADESH - 462011, INDIA |
B98515703 |
|
7 |
10341748 |
12/06/2012 * |
25,600,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
20 A/R, 1ST FLOOR, M.P NAGAR ZONE - II,
BHOPAL, MADHYA PRADESH - 462011, INDIA |
B45036191 |
|
8 |
10299749 |
02/08/2011 |
65,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
SHIKHAR VARTA BLDG. 3RD FLOOR, PRESS
COMPLEX, M.P. NAGAR ZONE - I, BHOPAL, MADHYA PRADESH - 462011, |
B17904392 |
|
9 |
10278799 |
14/06/2011 * |
76,930,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
SHIKHAR VARTA BLDG, 3RD FLOOR,,PRESS
COMPLEX, M.P. NAGAR ZONE I,, BHOPAL, MADHYA PRADESH - 462011, |
B16026395 |
* 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 |
7.202 |
6.500 |
|
|
|
|
|
Total |
7.202 |
6.500 |
YEAR UNDER REVIEW
During the year, the Company has:
· Set up a Solar Energy (Power Plant) at Village Rajhani, Tehsil: Barod, Dist.: Agar (M.P.) having a capacity of generating 12 to 15 Lac units per annum of Electric Energy.
Electricity generated is being transferred to Ujjain unit through State Electricity grid under Captive Consumption Plan.
· To facilitate supplies to the Clients, the Company has opened a Depot. in Hyderabad.
· The Company has undertaken an expansion in SEZ Unit to manufacture closures by installing machines with latest technology and power saving.
AMALGAMATION
IN THE HIGH COURT OF MADHYA PRADESH BENCH AT INDORE (ORIGINAL
JURISDICTION)
COMPANY PETITION No. ��� of 2012
In the matter of the Companies Act, 1956 (1) of 1956;
AND
In the matter of Sections 391to 394 of the Companies Act, 1956,
AND
In the matter of Scheme of Amalgamation of Shriniwas Containers And
Closures Private Limited
With Shriji Polymers (India) Limited
In the Matter of
Shriji Polymers (India) Limited, A Company incorporated under the
Companies Act, 1956 and having its registered office at 15D Industrial Area,
Maxi, Road Ujjain (M.P).
--- Petitioner No. 1/Transferee Company
Shriniwas Containers and Closures Private Limited, A Company
incorporated under the Companies Act, 1956 and having its registered office at
, 8and9 Industrial Area Maxi Road Ujjain (M.P).
--- Petitioner No. 2/Transferor Company
PETITION UNDER SECTION 391 TO 394 OF THE COMPANIES ACT, 1956 READ WITH
RULE 79 OF THE COMPANIES (COURT)
RULE, 1956 The humble Petition of the Petitioner No.1 Transferee Company
and the Petitioner No.2 Transferor Company above named as follows:
Most respectfully submitted:
The object of this Petition is to obtain the sanction of this Hon'ble
Court to Scheme of Amalgamation to amalgamate the Petitioner No.2 Transferor
Company with the Petitioner No.1 Transferee Company with effect from 1st April,
2012 (the Appointed date) transferring the entire undertakings of the
Transferor Company together with all the assets and liabilities etc. relating
thereto as a going concern to be transferred and vested in the Transferee
Company as more particularly set out in the Scheme of Amalgamation.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Factory equipments
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Other equipments
·
Leasehold improvements
·
Computer software
· Copyrights, patents and other operating rights
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. 66.35 |
|
|
1 |
Rs. 100.28 |
|
Euro |
1 |
Rs. 71.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.