MIRA INFORM REPORT
|
Report No. : |
340050 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
KNACK PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
206, Nandishwar Flat, Kaushal Vihar, Opposite Sudershan Tower, Near
Someshwar Busstand, Thaltej, Ahmedabad – 380054, Gujarat |
|
Tel. No.: |
91-79-27451130 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.03.2013 |
|
|
|
|
Com. Reg. No.: |
04-073847 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 50.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200GJ2013PTC073847 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMK07133A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCK0771L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Packaging Products like HDPE/PP Woven
Sacks, Fabrics and Multicolor Printed BOPP Laminated PP Woven Sacks/ Bags,
etc. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as a partnership concern with the name “Knack Packaging”
during the year 2006 and later during the year 2013 it got converted into
private limited with name “Knack Packaging Private Limited”. It is an established company having moderate track record. External borrowings of the company is huge. Reserves of the company is
also low during the FY 2014. The rating takes into consideration working capital intensive
operations and its presence in a highly competitive and fragmented industry. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
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
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Long Term Rating = BB- (Suspended) |
|
Rating Explanation |
Have inadequate credit quality and carry high credit risk. |
|
Date |
September 2, 2015 |
Reason for Suspension: The suspension of ratings
is on account of non-cooperation by KPPL with CRISIL efforts to undertake a
review of the ratings outstanding
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Shidhin Nair |
|
Designation : |
Manager |
|
Contact No.: |
91-79-27451130 |
LOCATIONS
|
Registered Office : |
206, Nandishwar Flat, Kaushal Vihar, Opposite Sudershan Tower, Near
Someshwar Busstand, Thaltej, Ahmedabad – 380054, Gujarat, India |
|
Tel. No.: |
91-79-27451130 |
|
Mobile No.: |
91-9825744660 (Mr. Rashminbhai Tulsibhai Patel) 91-9727717461 (Mr. Shidhin Nair) |
|
Fax No.: |
91-79-27451131 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Block No.461 B/h. Shankar Parvati Cotton Mill, Kadi-Thol Road,
Village: Borisana, Tal: Kadi, Dist. Mehsana – 382715, India |
|
Mobile No.: |
91-9925199507 |
|
|
|
|
Branches: |
Located at:
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Alpeshbhai Tulsibhai Patel |
|
Designation : |
Director |
|
Address : |
7/B, Park Avenue, Opposite Gulab Tower, Thalej, Ahmedabad - 380054,
Gujarat, India |
|
Date of Birth/Age : |
28.01.1977 |
|
Date of Appointment : |
04.03.2013 |
|
DIN No. : |
06380254 |
|
|
|
|
Name : |
Mr. Pravinkumar Ambalal Patel |
|
Designation : |
Director |
|
Address : |
23, Atulya Bunglows, Near Gulab Tower, Thaltej, Ahmedabad - 380054,
Gujarat, India |
|
Date of Birth/Age : |
09.02.1965 |
|
Date of Appointment : |
04.03.2013 |
|
DIN No. : |
06468752 |
|
|
|
|
Name : |
Mr. Rashminbhai Tulsibhai Patel |
|
Designation : |
Director |
|
Address : |
7/B, Park Avenue, Opposite Gulab Tower, Thaltej, Ahmedabad - 380054,
Gujarat, India |
|
Date of Birth/Age : |
25.09.1979 |
|
Date of Appointment : |
04.03.2013 |
|
DIN No. : |
06468763 |
|
|
|
|
Name : |
Mr. Tulsibhai Keshavlal Patel |
|
Designation : |
Director |
|
Address : |
7/B, Park Avenue, Opposite Gulab Tower, Thaltej, Ahmedabad - 380054,
Gujarat, India |
|
Date of Birth/Age : |
03.12.1955 |
|
Date of Appointment : |
04.03.2013 |
|
DIN No. : |
06492095 |
|
|
|
|
Name : |
Kamlesh Ambalal Patel |
|
Designation : |
Director |
|
Address : |
4/A, Manikamal Society Part-1, Near Surdhara Circle, Thaltej,
Ahmedabad - 380054, Gujarat, India |
|
Date of Birth/Age : |
08.04.1973 |
|
Date of Appointment : |
04.03.2013 |
|
DIN No. : |
06492103 |
KEY EXECUTIVES
|
Name : |
Mr. Shidhin Nair |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Pravinkumar Ambalal Patel |
|
250000 |
|
Rashminbhai Tulsibhai Patel |
|
1300000 |
|
Alpeshbhai Tulsibhai Patel |
|
300000 |
|
Tulsibhai Keshvalal Patel |
|
500000 |
|
Kamlesh Ambalal Patel |
|
600000 |
|
Ambalal Keshvalal Patel |
|
100000 |
|
Dharmisthaben Pravinbhai Patel |
|
250000 |
|
Divyaben Rashminbhai Patel |
|
300000 |
|
Sheetalben Alpeshbhai Patel |
|
100000 |
|
Savitaben Tulsibhai Patel |
|
108746 |
|
Sheetalben Kamleshbhai Patel |
|
100000 |
|
Kamlaben Ambalal Patel |
|
19354 |
|
Pravinkumar Ambalal Patel (HUF) |
|
10000 |
|
Rashminbhai Tulsibhai Patel (HUF) |
|
10000 |
|
Alpeshbhai Tulsibhai Patel (HUF) |
|
10000 |
|
Tulsibhai Keshvalal Patel (HUF) |
|
10000 |
|
Kamlesh Ambalal Patel (HUF) |
|
10000 |
|
Ambalal Keshvalal Patel (HUF) |
|
10000 |
|
Jay Pravinbhai Patel |
|
10000 |
|
Jayshreeben Satishkumar Patel |
|
100 |
|
Keshavlal Girdhardas Patel |
|
100 |
|
Dahiben Keshvalal Patel |
|
100 |
|
Dinesh Keshvalal Patel |
|
100 |
|
Manish Dinesh Patel |
|
100 |
|
Ambalal K Patel Navab |
|
100 |
|
Ambalal K Patel Navab (HUF) |
|
100 |
|
Bhavika Natvarbhai Patel |
|
100 |
|
Bhavna Natvarbhai Patel |
|
100 |
|
Dahiben Ambalal Patel |
|
100 |
|
Natvarbhai Ambalal Patel |
|
100 |
|
Natvarbhai Ambalal Patel (HUF) |
|
100 |
|
Yash Natvarbhai Patel |
|
100 |
|
Gordhanbhai H Patel (HUF) |
|
100 |
|
Gordhanbhai H Patel |
|
100 |
|
Hetal Mrushad Patel |
|
100 |
|
Mrushad Gordhanbhai Patel |
|
100 |
|
Mrushad Gordhanbhai Patel (HUF) |
|
100 |
|
Shardaben Gordhanbhai Patel |
|
100 |
|
Total |
|
4000000 |
As on 20.02.2015
|
Names of Allotment |
|
No. of Shares |
|
Pravinkumar Ambalal Patel |
|
120000 |
|
Rashminbhai Tulsibhai Patel |
|
200000 |
|
Alpeshbhai Tulsibhai Patel |
|
260000 |
|
Tulsibhai Keshvalal Patel |
|
200000 |
|
Dharmisthaben Pravinbhai Patel |
|
150000 |
|
Sheetalben Kamleshbhai Patel |
|
70000 |
|
Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Packaging Products like HDPE/PP Woven Sacks,
Fabrics and Multicolor Printed BOPP Laminated PP Woven Sacks/ Bags, etc. |
|
|
|
|
Products : |
·
HDPE / PP Woven Fabrics (Laminated/ Unlaminated) o HDPE / PP
Woven Fabrics with Single Color o HDPE / PP
Woven Fabrics with Checks Design o HDPE / PP Woven
Fabrics with Different Colored Strips o HDPE / PP
Woven Open Flat Fabrics o HDPE / PP
Woven Lumber Cloth Fabrics o HDPE / PP
Woven with Wrapping Fabrics o HDPE / PP
Woven Ventilated Fabrics o HDPE / PP
Woven Natural / Transparent / Clear Fabrics o HDPE / PP
Woven Fabrics with BOPP Printed & Laminated o HDPE / PP
Woven Fabrics with Gussets ·
HDPE/PP Woven Bags/ Sacks (Laminated/Unlaminated) o HDPE/PP Woven
Single Colored Bags o HDPE/PP Woven
Checks Designed Bags o HDPE/PP Woven
Bags with Multi Color Strips o HDPE/PP Woven
Bags with liner o HDPE/PP Woven
Gusseted Bags o HDPE/PP Woven
Valve Bags o HDPE/PP Woven
Top Hemmed Bags o HDPE/PP Woven
Flexo Printed Bags o HDPE/PP Woven
Bags with Handle and D - Cut o HDPE/PP Woven
EZ Open Bags o HDPE/PP Woven
Back Seam Bags o HDPE/PP Woven
Ventilated Bags o HDPE/PP Woven
Wicket bag o HDPE / PP
Woven Natural / Transparent / Clear Bags o HDPE/PP Woven
Sand Bags (With Side threads) o HDPE / PP
Woven Fabrics with Micro Perforation ·
Multicolor Printed BOPP Laminated PP Woven Sacks
/ Bags o Grain &
Pulses Bags o Seeds Bags o Foods &
Spices Bags o Animal Food
Bags o Fertilizers
& Chemical Bags o Cement &
Wall Finish Bags o Powder &
Granules Bags o Mineral Bags o Detergent
Bags o Mehndi Bags o Nuts &
Fruits Bags o Speciality
Bag For Tea & Coffee o Outer
Promotional Shopping Bags |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
|
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
|
||||||||||||||||||||||||||||||
|
Auditors : |
|
|
Name : |
Jain Jitendra and Company Chartered Accountants |
|
Address : |
303, Hari Krishna Complex, Behind City Gold Cinema, Off. Ashram Road, Ahmedabad – 380009, Gujarat, India |
|
Tel. No. : |
91-79-26582272 |
|
Fax No. : |
91-79-26583476 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAKPJ5067C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
After As on
30.09.2014
Authorised Capital : Rs. 50.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 50.000 Million
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
40.000 |
0.100 |
|
(b) Reserves & Surplus |
|
2.833 |
0.000 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
9.980 |
|
Total
Shareholders’ Funds (1) + (2) |
|
42.833 |
10.080 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
214.028 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
1.270 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
215.298 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
77.919 |
0.000 |
|
(b) Trade payables |
|
87.202 |
0.000 |
|
(c) Other current liabilities |
|
20.304 |
0.019 |
|
(d) Short-term provisions |
|
7.336 |
0.000 |
|
Total
Current Liabilities (4) |
|
192.761 |
0.019 |
|
|
|
|
|
|
TOTAL |
|
450.892 |
10.099 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
187.410 |
8.025 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.896 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
190.306 |
8.025 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
86.873 |
0.000 |
|
(c) Trade receivables |
|
127.779 |
0.000 |
|
(d) Cash and cash equivalents |
|
0.610 |
(2.114) |
|
(e) Short-term loans and
advances |
|
32.071 |
4.105 |
|
(f) Other current assets |
|
13.253 |
0.083 |
|
Total
Current Assets |
|
260.586 |
2.074 |
|
|
|
|
|
|
TOTAL |
|
450.892 |
10.099 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
|
|
268.735 |
|
|
Other Income |
|
|
4.997 |
|
|
TOTAL
(A) |
|
|
273.732 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
248.661 |
|
|
Purchases of Stock-in-Trade |
|
|
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(51.872) |
|
|
Employees benefits expense |
|
|
1.761 |
|
|
Exceptional and Extraordinary
Items |
|
|
0.515 |
|
|
Other expenses: |
|
|
|
|
|
-
Manufacturing Overheads |
|
|
34.656 |
|
|
-
Factory and Administrative Overheads |
|
|
5.388 |
|
|
-
Selling and Distribution Overhead |
|
|
10.821 |
|
|
TOTAL
(B) |
|
|
249.930 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
|
|
23.802 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
12.041 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
11.761 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
7.658 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
|
|
4.103 |
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
1.270 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
|
|
2.833 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
|
|
38.273 |
|
|
TOTAL
EARNINGS |
|
|
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
|
|
7.367 |
|
|
TOTAL IMPORTS |
|
|
7.367 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
1.44 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
31.03.2014 |
|
Current Maturities of Long term debt |
|
|
12.414 |
|
Cash generated from operations |
|
|
(117.304) |
|
Net cash flow from operating activity |
|
|
(117.304) |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
1.05 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
|
8.86 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.91 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.10 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
7.11 |
NA |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.35 |
109.16 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.100 |
40.000 |
|
Reserves & Surplus |
0.000 |
2.833 |
|
Net
worth |
10.080 |
42.833 |
|
|
|
|
|
long-term borrowings |
0.000 |
214.028 |
|
Short term borrowings |
0.000 |
77.919 |
|
Current Maturities of
Long-Term Debts |
0.000 |
12.414 |
|
Total
borrowings |
0.000 |
304.361 |
|
Debt/Equity
ratio |
-- |
0.000 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS
The Company has earned a Net Profit of Rs. 2.833 Million after
Depreciation and Amortization of Rs. 7.658 Million for Income Tax of Rs. 0.752
Million and Provision for Deferred Tax Liability of Rs. 1.270 Million and
Credit Receivable of Rs. 7.818 Million for the year ended on March 31, 2014.
UNSECURED LOAN
|
Unsecured Loan |
|
31.03.2014 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Other Loans and
Advances |
|
|
|
Loan from Directors |
|
63.690 |
|
Loan from Relatives parties and Members |
|
24.890 |
|
Loan from other parties- Inter Corporate |
|
9.814 |
|
Total |
|
98.394 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10463658 |
25/02/2015 * |
274,900,000.00 |
CENTRAL BANK OF INDIA |
NAVA WADAJ BRANCH, GUJARAT HOUSING BOARD BUILDING, AHMEDABAD, Gujarat
- 380013, INDIA |
C48202006 |
FIXED ASSETS
- Land and Site Development
- Factory Building
- Plant and Machinery
- Electrification
- Office Equipment
- Vehicles
- Computers
- Furniture and Fixture
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.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
29 |
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.