MIRA INFORM REPORT

 

 

Report No. :

340062

Report Date :

08.09.2015

 

IDENTIFICATION DETAILS

 

Name :

M H INDUSTRIES

 

 

Registered Office :

9, Ananddhara Apartment, Near Nikunj Flat, Memnagar, Ahmedabad-380052, Gujarat

Mobile No.:

91-9426017472 (Mr. Mayankkumar)

 

 

Country :

India

 

 

Financials (as on) :

31.07.2015 (Provisional) (2 Months)

 

 

Date of Incorporation :

22.05.2015

 

 

Capital Investment / Paid-up Capital :

Rs.3.387 Million

 

 

IEC No.:

Not Available

 

 

TIN No.:

Not Available

 

 

PAN No.:

[Permanent Account No.]

ABAFM6924G

 

 

Legal Form :

Partnership Concern with an unlimited liability of the partners

 

 

Line of Business :

Manufacturing of Printed Films

 

 

No. of Employees :

7 (Approximately) [In Office : 1, In Factory: 6]

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

-

 

NB

                                       New Business

-

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a newly established partnership concern, incorporated in the May 2015.

 

In the view of provisional financial of three month, the concern has good capital structure but has earned minimum income. The concern is establishing in itself.

 

Payment terms are unknown.

 

In view of newly established business, the concern can be considered for business dealing with fully safe and secure trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

RBI DEFAULTERS’ LIST STATUS

 

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

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

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

 

INFORMATION PARTED BY

 

Name :

Mr. Mayankkumar Gunvantrai Vadodaria

Designation :

Partner

Contact No.:

91-9426017472

Date :

04.09.2015

 

 

LOCATIONS

 

Registered Office :

9, Ananddhara Apartment, Near Nikunj Flat, Memnagar, Ahmedabad-380052, Gujarat, India

Tel. No.:

Not Available

Mobile No.:

91-9426017472 (Mr. Mayankkumar)

Fax No.:

Not Available

E-Mail :

M161100@yahoo.co.in

Location :

Owned

 

 

Factory :

Plot No.97 and 98 Sudama Industrial Estate, Narol, Ahmedabad-382405, Gujarat, India

 

 

PARTNERS

 

Name :

Mr. Mayankkumar Gunvantrai Vadodaria

Designation :

Partner

Address :

9, Ananddhara Apartment, Near Nikunj Flat, Memnagar, Ahmedabad-380052, Gujarat, India

Date of Birth/Age :

16.11.1968

Qualification :

Diploma in Plastic Engineering

Experience :

16 Years

PAN No.:

ACVPV5975G

Passport No.:

63246369

 

 

Name :

Mrs. Hina Mayankbhai Vadodaria

Designation :

Partner

Address :

9, Ananddhara Apartment, Near Nikunj Flat, Memnagar, Ahmedabad-380052, Gujarat, India

Date of Birth/Age :

03.01.1972

Qualification :

B.A.

Experience :

5 Years

PAN No.:

AICPV7283Q

Voter ID No.:

LBR4886511

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of Printed Films

 

 

Products :

·         Plastic films

·         Boop tape

·         Protection film

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Credit (45 Days)

 

 

Purchasing :

Credit (8 Days)

 

PRODUCTION STATUS NOT AVAILABLE

 

Particulars

Unit

Installed Capacity

Plastic films

Kg

463200

Boop tape

Kg

162000

Protection film

Kg

270000

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

ABM International

Address :

44 A/45A, Maha Gujarat Indusrtial Estate Village Maoraiya, Taluka Sanand  Dist. Ahmedabad-382213, Gujarat, India

Name of the Person :

Mr. Ashish Talati

Contact No.:

91-9879541061

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

GAYATRIRUBTECH, (Rubber Rool)

Address : Plot No.3609, Kameshwer Estate Near C Doctor Company, Nika Tube Char Rsata, Phase-IV, vatva GIDC, Ahmedabad, Gujarat, India 

Contact Person : Mr. Jitendrabhai Shah

Mobile No.: 91-9824038676

 

J M PLASTOPACK, (Plastic Film)

Address : 31, Gopi estate, Behind Ramdev Masala, Changodar 382210, Dist Ahmeaabad, Gujarat, India

Contact Person : Mr. Ashish Talati

Mobile No.: 91-9879541061

 

SIGMA GRAPHICS, Printing Cylinders

Address : 55, Gujarat Vepari Mahamandal, Opposite, Bhatia Rolling Mill, S.P.Ring Road, Odhav, Ahmedabad, Gujarat, India

Contact Person : Mr. Sanjaybhai

Mobile No.: 91- 9825293274

 

 

Customers :

End Users

Reference :

L. N. Enterprises

Address :

S.No.75,Fatehwadi, Plot No.4,Near Uttam Dairy Sarkhej, Ahmedabad-380 010, Gujarat, India

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

Maa Alupanel (I) Private Limited

Address : 864 Paiki, Sagar Ceramic, N.H.No.8 Nr. Sarvottam Hotel Himmatnagar Dist. Sabarkantha, Gujarat, India

 

Max Signage Industries Private Limited

Address : 18 & 18-Aa Radhe Industrial estate Tajpur Road, Changodar, Dist. Ahmedabad 382210, Gujarat, India

 

Metalium Architechrural Products

Address: Plot # 3733'phase-IV, GIDC Vatva Ahmedabad 382445. Gujarat, India

 

Metro Panel Industries

Address : Plot# 408, GIDC Phase-IV Naroda, Ahmedabad 382 330, Gujarat, India

 

Pallcan Confecctioners Private Limited Unit II

Address: Block No.1 01, Near Narmada Biochem N.H.No.8, Malarpura, Tal. Dist. Kheda, India

 

Radiant Fire Protection Engineers Private Limited

Address : 40/19, Patel Cement compound Opp. Shav Rubtech P Limited Phase-I GIDC, Vatva, Ahmedabad, Gujarat, India

 

Ranvson Chemical Industries

Address : Cyto Compound, Anand Sojitra Road  Vallabha Udyog Nagar, Near Worm steam, Anand 388121,Gujarat, India

Contact Person/ Contact No. : 91-2692-231585/656261

 

Ravi Hardware

Address: 8, Madhumilan Estate, Near. Acron Pharma, Near Ingersol rand, GIDC, Naroda Ahmedabad 382330, Gujarat, India

 

Smnvipolyplast

Address: Plot No.12/2, Gala No.2 , Ghut No.248,Shantinagar, M.I.D.C. Waluj, Aurangabad 431136, Maharashtra, India

Contact Person/ Contact No. : 91-9823722278

 

Samaruddhi Enterprises

Address : Next To Aishwraiya Building, Sharda Colony Bordem  Bicholim, Goa 403504, Maharashtra, India

Contact Person/ Contact No. : 91-9890947056

 

Shree Kushal Polymers

Address : 40-41 ,Saket Estate, Sarkhej Bavla Road, Viliage-Moraiya, Dist. Ahmedabad 382 213, Gujarat, India

 

Sun Shine Industries

Address : Plot No.218, Sector-E  Sanwer Road !Ndlj,Strial Area Indore- 452015 M.P., India

Contact Person/ Contact No. : 91-9926000134

 

Suraj Enterprise

Address : B-1 ,Harikrupa Apartment Near Narayanpura Rly Crossing Ahmedabad 380·013, Gujarat, India

 

Troikaa Pharmaceuticals Limited

Address : Survey No. 791 & 792, Sanand Kadi Road At- Thol, Tal.Kadi, Dist.Mehsana

 

Troikaa Pharmaceuticals Limited(Dehrad)

Address : C-1,Sara Industrial Esate, Chhota Rampur, Dehradun 248197, Uttarakhand

 

Zplus Woodplast Private Limited

Address : 185/A, Saijpur-Gopalpur Road, Near Shahwadi Octroi Naka, Narol, Ahmedabad, Gujarat, India

 

Ahimsa Industries Limited

Address : 160,Devraj Indl Park  Piplaj Pirana Road, Piplaj, Ahmedabad 382405

Tel No.:91-29-29708292

Contact Person : Jayesh Shah

 

Larihant Marketing Agency

Address : 68,Thathamuthiappan Street, 1st Floor, Near Broadway, Chennai 600 001

Contact Person/ Contact No. : 91-98440066128 (Mr. Ashok)

 

Art O Print

Address : 48,Mahagujarat Indlestate, Opposite Hotel Sarvodaya, Sarkhej Bavla Road,Moraiya Village, Dist.Ahmedabad, Gujarat, India

 

Asarwa Mill Limited

Address : Near Idgah Chowky  Asarwa, Ahmedabad, Gujarat, India

 

Ashish Industrial Corporation

Address: G/F, No.12,Anandji Kalyanji Jain Nagar, Opposite Behrampura Police Chowky, Near Jalmalpur Char Rasta, Ahmedabad -22, Gujarat, India

 

Brussels Leboratories Private Limited

Address : 33,Changodar Indl Estate, Changodar, Dist.Ahmedabad 382210, Gujarat, India

Contact Person/ Contact No. : 91-9227403500 (Ms. Aarti)

 

D'furn Modular Systems Private Limited

Address : Bajoria Compound, B/H Agrasen Vidhya Mandir, Opp. Cargo Ford, Narol Vatva Road, Ahmedabad Gujarat, India

Contact Person/ Contact No. : 91-9825017369 (Mr. Rajesh)

 

Eagle Industries

Address : Plot No.83,Ganeshpura, Gidc Modasa, Dist. Aravalli

 

Ethical Paper Private Limited

Address : Plot No.1122,G.I.D.C., Opp. Water Tank, Dholka,Dist.Ahmedabad

91-9898240342

 

Fabtech Technologies International Limited

Address : Plot No.190 & 191, G.L d.C. Umbergaon 396101, Gujarat

Contact Person/ Contact No. : 0260-25603931 25603'94

 

Gopinath Sales Agency

Address : 27, Gopinath Estate-1 , Near Soni Ni Chawli, Odhav Ahmedabad -382415, Gujarat, India

Contact Person/ Contact No. : 91-9376185102 (Mr. Devandra)

 

Guruve Enterprise

Address : Maqbool Compound, Islamia Bazar, Pathanwadi,Western Express Highway Malad(E), Mumbai 400097, Maharashtra, India

Contact Person/ Contact No. : 91-9821598364

 

Jindal Gsl Private Limited

Address : 193/2,Tarachand Mill Compound, B/H Shawadi Lake, Narol Ahmedabad, Gujarat, India

 

Kotak Polypack Industries

Address : H H Rice Mill Comound, N.H.No.8, Bava Ahmedabad Highway, Rajoda, Dist. Ahmedabad 382 220, Gujarat, India 

Contact Person : 91-9909986176 (Mr. Dipak)

 

Laxmideep Engineers

Address: Plot No.76, Parikh Packaging Lane, Near Chacharwadi Estate, Near. MBR Plastics, Sanand 382 213, Gujarat, India 

 

Lea Print 'N' Laminar

Address : Near Intas Pharma, Sarkhej Bavia Highway, Matoda, Dist. Ahmedabad, Gujarat, India 

Contact Person/ Contact No. : 91-9724442545 (Mr. Hiten)

 

 

No. of Employees :

7 (Approximately) [In Office : 1, In Factory: 6]

 

 

Bankers :

 

Banker Name :

Kotak Mahindra Bank Limited

Branch Address :

Ground Floor, Navrangpura, Chandan House, Ahmedabad, Gujarat, India  (Branch Code 0812)

Facilities :

Not Divulged

Person Name :

Mr. Ruchir Agarwal (Service Manager)

Contact No.:

91-9099907366

Report :

Not Divulged

Name of Account Holder

M H Industries

Account Number

6311604319

Account Since (Date/Year of Account Opening)

16.06.2015

Average Balance Maintained (If Possible)

Not Available

Credit Facilities Enjoyed (If any)

Not Available

Account Operation

Satisfactory

Remarks (If any)

Not Divulged

 

Bank of India, Gurukul Road Branch, Memnagar, Ahmedabad, Gujarat, India

 

 

Auditors :

 

Name :

Not Applicable

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Sister Concern :

Not Available

 

 

CAPITAL STRUCTURE

 

As on: 31.07.2015 (Provisional)

 

Capital Investment :

 

Owned :

Rs.3.387 Million

Borrowed :

--

Total :

Rs.3.387 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

 

31.07.2015

(2 Months)

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

 

 

3.387

2] Share Application Money

 

 

0.000

3] Reserves & Surplus

 

 

0.000

4] (Accumulated Losses)

 

 

0.000

NETWORTH

 

 

3.387

LOAN FUNDS

 

 

 

1] Secured Loans

 

 

2] Unsecured Loans

 

 

 

TOTAL BORROWING

 

 

0.294

DEFERRED TAX LIABILITIES

 

 

0.000

 

 

 

 

TOTAL

 

 

3.681

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

 

0.023

Capital work-in-progress

 

 

0.000

 

 

 

 

INVESTMENT

 

 

0.000

DEFERREX TAX ASSETS

 

 

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
 
 
0.208

 

Sundry Debtors
 
 
1.994

 

Cash & Bank Balances
 
 
0.944

 

Other Current Assets
 
 
0.000

 

Loans & Advances
 
 
0.512

Total Current Assets
 
 
3.658

Less : CURRENT LIABILITIES & PROVISIONS
 
 
 

 

Sundry Creditors
 
 
0.000

 

Other Current Liabilities
 
 
0.000

 

Provisions
 
 
0.000

Total Current Liabilities
 
 
0.000

Net Current Assets
 
 
0.000

 

 

 

 

MISCELLANEOUS EXPENSES

 

 

0.000

 

 

 

 

TOTAL

 

 

3.681

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

 

31.07.2015

(2 Months)

 

SALES

 

 

 

 

 

Income

 

 

2.343

 

 

Other Income

 

 

0.001

 

 

TOTAL                                    

 

 

2.344

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of goods sold

 

 

1.881

 

 

Conveyance Expenses

 

 

0.013

 

 

Courier-postage Expenses

 

 

0.001

 

 

Factory rent expenses

 

 

0.102

 

 

Office expenses

 

 

0.002

 

 

Stationery –Xerox-Printing

 

 

0.009

 

 

Telephone expenses

 

 

0.002

 

 

Electric Bill expenses

 

 

0.001

 

 

Freight (Inward)

 

 

0.001

 

 

Salary wages

 

 

0.038

 

 

TOTAL                                    

 

 

2.050

 

 

 

 

 

 

NET PROFIT

 

 

0.294

 

 

The above information has been parted by Mr. Mayankkumar Gunvantrai Vadodaria (Partner)

 

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

 

 

31.07.2015

(2 Months)

Net Profit Margin

(PAT / Sales)

(%)
 

 

12.55

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
 

 

7.99

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
 

 

0.09

 

 
 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 
 

 

0.09

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
 

 

 0.00

 

 

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

Yes

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

No

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

No

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last two months

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last two months

Yes

30

Major shareholders, if available

No

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

TRADE REFERENCE

 

Sigma

Address: 55, Gujrat Vepari Mahamandal Odhav Ahmedabad, Gujarat, India

Contact Person: Mr. Sanjay

Mobile No.: 91-9825293274

 

Max Signage Industries Private Limited

Address: Radhe Industrial Estate, Changodar, Ahmedabad, Gujarat, India

Contact Person: Mr. Dipak Patel

Mobile No.: 91-9825116740

 

UMA Polyplast

Address: Ahmedabad, Gujarat, India

Mobile No.: 95104 11007

 

Aashish Industrial Corporation

Address: 12 Anandji Kalyanji Jainnagar, Opposite Behrampura Police Chowki, Jamalpur Cross Road, Behrampura , Ahmedabad, Gujarat, India

Contact Person: Mr. Hetal Doshi

Mobile No.: 91- 9426341292

 

PROFILE

 

INTRODUCTION:

 

BOPP adhesive tape is quite a recent development in the field of modern packaging. This is rapidly replacing the cello tape due to its excellent mechanical, optical and barriers properties. It is Widely accepted for the decorative, flexible packing operations and has gained a spectrum of popularity. It is a combination of pressure sensitive adhesive and BOPP film. BOPP film is highly resistant to weather, heat, aerial oxidation and others. That is why it is used for packing purpose. It has very good properties.

 

Demand of BOPP film is rapidly growing for packing of food products, pharmaceuticals and textiles, cigarettes, cosmetics. The film is having high tensile strength, attractive outlook, moisture resistance and dimensional stability. BOPP pressure sensitive adhesive tape is recent development and substitute to cellophane adhesive tape .The product has very excellent market potential. Other uses of BOPP adhesive tape are-box sealing, bundling, bag sealing, carton sealing, sealing of cracks, end tagging, and protective covering. Demand of BOPP is increasing day by day because of its properties. So there is good scope for these types of establishment in India.

 

M/s. M H INDUSTRIES a partnership firm proposes to engage in manufacturing and marketing of a wide range of BOPP self-adhesive tapes and other special application including printed tapes.

 

M/s. M H INDUSTRIES established in May, 2015. The factory is located at Narol, Ahmedabad and proposes to equipment with plant and machinery specially made and designed to ensure production and supply of best quality products at economical price and timely delivered.

 

The manufacturing unit has established countrywide marketing network.

 

PRODUCT

 

We are offering our clients a wide variety of Bopp Self Adhesive Tapes, suitable for all types of packaging needs, these tapes have high adhesion strength and non-ageing properties and are moisture-proof. Our Bopp Self Adhesive Tape is available in transparent, brown color with colorful prints embossed using Rotogravure printing.

Moreover, these are available in standard width ranging from 12mm and above and other specifications that are as per the specifications of our clients.

 

OWNER/PARTNER'S PROFILE:

 

1. Mr. Mayankkumar G. Vadodaria: Mr. Mayankkumar G. Vadodaria is one of the partner and key person of our core team. Mr. Mayankkumar Vadodaria is 46 years old, qualified Diploma in Plastic Engineering, having about 20 years rich & varied experience in plastic & Aluminum industry. He is a partner of ABM International since 2010 having Manufacturing facility at Changodar, TaI. Sanand, Dist. Ahmedabad manufacturing Adhesive BOPP films. He has worked with NPG Glasses, Daman, as a Plant Manager and Jasud Extrusions Private Limited, Ahmedabad as a Production Engineer. He has ·ably performed leading to growth & profitability. His in-depth knowledge within the plastic industry and the varied & rich experience within production and· his technical knowledge would help him lead and manage the Technical Administration at M/s. M H INDUSTRIES. He will also look after Institutional Sales at M/s. M H INDUSTRIES.

 

 

2. Mrs. Hina Mayankkumar Vadodariya: Mrs. Hina Vadodariya is 44 years old, commerce graduate, having an experience of more than 4 years in General Administration and Accounts. Her experience would help her to lead Finance and Accounts team along with Administration.

 

MANUFACTURING PROCESS:

 

The Technology involved and plant & Machinery will be procured indigenously. Moreover, it did not involve any complex manufacturing process to produce a finished product. The detailed discussion on each &every stage of production is as under:

 

1. Uncoiling:

The main raw material for the production of BOPP Self Adhesive Tape is BOPP film and for Surface Protection Film is LDPE Film. BOPP and LDPE films are purchased in the form of roll, which needs to unwind with' the mechanical and electrical means with the controlled tension and controlled level to maintain the highest level of quality standards of BOPP Self Adhesive Film.

 

2. Surface Treatment:

There are various charges on the surface of the BOPP film, which needs to be removed to further process the material for printing and coating. Surface Treatment is the process to discharge opposite charges and remove any charge on the surface of the BOPP film, so that we can bond the required material for printing and coat the adhesive gum, on the surface of the BOPP Film. It would make material neutral from the charges. Surface treatment will be done with the help of Corona Treater machine.

 

3. Printing:

If BOPP Self Adhesive Tape is reqUired to be delivered with the printing, we need to print the printing matter on the surface with the help of printing ink. The printing will be done with the help of online colour printing machine. Printed film will be preheated to remove the unnecessary moisture from the film.

 

4. Adhesive Coating:

Once the film is printed, film will coat with adhesive gum on BOPP film coating machine. When BOPP Self Adhesive Tape is required without printing coating process will be done after surface treatment. After coating, film will again preheat to remove moisture.

 

5. Backing-Annealing-Cooling:

After moisture removal, BOPP film roll will enter in to backing process and further into cooling process to increase the strength of material and proper bonding of the printing ink and adhesive gum on film.

 

6. Longitudinal Trimming:

Longitudinal Trimming process will trim unneeded extra material on both the side of film roll.

 

7. Rewinding:

Once the trimming is complete, fill will load on rewinder machine to rewind the roll of film for slicing. Rewinding will be done on core, which is a packing material. Core will be purchased and cutting in the required size with the help of core cutting machine.

 

8. Slicing:

Slicer machine will slice the re-winded roll of BOPP film in the required size with web alignment. After slicing, film is ready to pack and dispatch to the customer.

 

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

 

ANALYSIS OF PROFIT AND LOSS

 

[RS. IN MILLION]

 

LIABILITIES

 

2015-2016

2016-2017

2017-2018

2018-2019

2019-2020

2020-2021

 

Projected

Projected

Projected

Projected

Projected

Projected

Current Labilities

 

 

 

 

 

 

Short term borrowings from Banks

 

 

 

 

 

 

-From applicant Banks

2.000

4.500

4.500

4.500

4.500

4.500

-From other Banks

--

--

--

--

--

--

Short term borrowings from Others

--

--

--

--

--

--

Deposits (Maturing within 1 Year)

--

--

--

--

--

--

Sundry Creditors (Trade)

0.404

0.852

0.894

0.950

1.006

1.062

Sundry Creditors (other than trade)

--

--

--

--

--

--

Advance / Progress payments from customers or deposits from dealers 

--

--

--

--

--

--

Interest and other charges accrued but not due for payment

--

--

--

--

--

--

Provision for taxation

--

--

--

--

--

--

Divided payable

--

--

--

--

--

--

Other statutory liabilities 

--

--

--

--

--

--

Installments of term loans / Deferred (due during 1 year)

--

0.596

0.596

0.596

0.416

0.000

Payment credits / Debenture /Pref. Shares (due during 1 Year)

--

--

--

--

--

--

Other Current Liabilities and Provisions

0.081

0.164

0.184

0.204

0.228

0.255

Loans

 

 

 

 

 

 

Total Current Liabilities – Bank Borrowing 

0.485

1.612

1.674

1.750

1.650

1.317

Total Current Liabilities

2.485

6.112

6.174

6.250

6.150

5.817

 

 

 

 

 

 

 

TERM LIABILITIES

 

 

 

 

 

 

Debenture/ Redeemable preference shares (not maturing within 1 year but of maturity not exceeding 12 Years)

--

--

--

--

--

--

Term loans (exclusive of instalments payables 1 Year)

2.800

1.608

1.012

0.416

0.000

--

Deferred Payment Credits (exclusive of instalments payables within 1 Year)

--

--

--

--

--

--

Term deposits (repayable after 1 Year)

--

--

--

--

--

--

Other term liabilities (Uns. Loans)

0.600

0.600

0.600

0.600

0.600

0.600

Deferred tax liabilities

 

 

 

 

 

 

Venture capital

 

 

 

 

 

 

Total Term liabilities

3.400

2.208

1.612

1.016

0.600

0.600

Total Outside Liabilities

5.885

8.320

7.786

7.266

6.750

6.417

 

3.400

3.108

2.512

1.916

1.500

1.500

 

 

9.220

8.686

8.166

7.650

7.317

VC+ Total Subsidy

0.000

0.900

0.900

0.900

0.900

0.900

 

 

 

 

 

 

 

CAPITAL AND RESERVES

 

 

 

 

 

 

Capital

3.772

4.057

4.544

5.102

5.663

6.138

Share Premium

0.000

0.000

0.000

0.000

0.000

0.000

General Reserve

--

--

--

--

--

--

Venture Capital

--

--

--

--

0.000

0.000

Other Reserves (excluding Provisions)

--

--

--

--

--

--

Subsidy

 

0.900

0.900

0.900

0.900

0.900

Profit / (Loss) account

 

 

 

 

 

 

NET WORTH

3.772

4.957

5.444

6.002

6.563

7.038

VC+ Total Subsidy +

 

4.057

4.544

5.102

5.663

6.138

TOTAL LIABILITIES

9.657

13.277

13.230

13.268

13.313

13.455

 

 

2015-2016

2016-2017

2017-2018

2018-2019

2019-2020

2020-2021

 

Projected

Projected

Projected

Projected

Projected

Projected

Tangible Net worth

3.772

4.957

5.444

6.002

6.563

7.038

Unsecured Loan Consi. As Quasi Capital

0.600

0.600

0.600

0.600

0.600

0.600

Adjusted TNW

3.772

4.957

5.444

6.002

6.563

7.038

Adjusted TNW + As Quasi Capital

4.372

5.557

6.044

6.602

7.163

7.638

Net Working

3.301

2.990

3.381

3.765

4.266

5.042

Current Ratio

2.33

1.49

1.55

1.60

1.69

1.87

DER

1.56

1.68

1.43

1.21

1.03

0.91

DQER (Usec. LN Upto 100% of TNW)

1.21

1.39

1.19

1.01

0.86

0.76

DQER  (entire Unsecured LN)

1.21

1.39

1.19

1.01

0.86

0.76

ISCR

1.82

7.43

10.98

14.77

17.52

22.75

Profitability % (NP/Net Sales*100)

0.54

1.66

1.93

1.95

1.85

1.61

PBIDTA/Net Sales %

4.49

16.08

20.27

23.43

23.78

26.33

 

Net Sales –Domestic

21.818

47.313

51.069

54.266

57.462

60.659

Exports

 

 

 

 

 

 

Total Net Sales

21.818

47.313

51.069

54.266

57.462

60.659

Other Income

 

 

 

 

 

 

Gross Profit

0.442

6.582

9.410

11.854

12.884

15.271

Depreciation

0.324

0.596

0.500

0.422

0.356

0.301

Taxes

0.000

5.201

7.923

10.374

11.467

13.995

Net Profit /Loss

0.118

0.785

0.987

1.058

1.061

0.975

Total Interest

0.538

1.024

0.943

0.861

0.780

0.702

C.C. Interest

0.214

0.611

0.610

0.609

0.608

0.608

TL Interst

0.252

0.341

0.261

0.180

0.100

0.022

Unsec. Interest

0.072

0.072

0.072

0.072

0.072

0.072

Dividend + Div. Tax

0.000

0.000

0.000

0.000

0.000

0.000

Retained Profit

0.118

0.785

0.987

1.058

1.061

0.975

 

PARTICULARS

 

2015-2016

2016-2017

2017-2018

2018-2019

2019-2020

2020-2021

 

Projected

Projected

Projected

Projected

Projected

Projected

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

Cash and Bank

1.913

0.727

0.527

0.418

0.248

0.117

Investments (other than long term)

--

--

--

--

--

--

Government and Other Securities

--

--

--

--

--

--

Fixed Deposits with Banks

--

--

--

--

--

--

Receivables (other than deferred)

--

--

--

--

--

--

-Domestic Receivable

2.727

5.914

6.384

6.783

7.183

7.582

-Export Receivable

--

--

--

--

--

--

Installments of deferred receivables (due within 1 Year)

--

--

--

--

--

--

Inventory

1.146

2.461

2.644

2.814

2.985

3.160

Advance to suppliers of Raw Material etc.

--

--

--

--

--

--

Advance Payment of taxes

--

--

--

--

--

--

Other current assets

--

--

--

--

--

--

Loan, advance and deposit

--

--

--

--

--

--

Total Current Assets

5.786

9.102

9.555

10.015

10.416

10.859

 

 

 

 

 

 

 

FIXED ASSETS

 

 

 

 

 

 

Gross Block

4.195

4.195

4.195

4.195

4.195

4.195

Depreciation

0.324

0.920

1.420

1.842

2.198

2.499

Net Block

3.871

3.275

2.775

2.353

1.997

1.696

 

 

 

 

 

 

 

OTHER NON CURRENT ASSETS 

 

 

 

 

 

 

Investment in group concern

 

 

 

 

 

 

Investment in other companies

--

--

--

--

--

--

Advance payment suppliers of capital goods

--

--

--

--

--

--

-deferred receivable

--

--

--

--

--

--

-others Deposits Electric, Tele etc.

--

--

--

--

--

--

Investment –NSC

--

0.900

0.900

0.9000

0.900

0.900

Other Misc. assets including dues from Directors

 

 

 

 

 

 

Total Non-Current Assets

0.000

0.900

0.900

0.9000

0.900

0.900

 

 

 

 

 

 

 

Intangible Assets – P and P Expense

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL ASSETS

9.657

13.277

13.230

13.268

13.313

13.455

 

 

FINANCIAL INDICATORS

 

PARTICULARS

 

2015-2016

2016-2017

2017-2018

2018-2019

2019-2020

2020-2021

 

Projected

Projected

Projected

Projected

Projected

Projected

Paid up capital

3.772

4.057

4.544

5.102

5.663

6.138

Equity

3.772

4.057

4.544

5.102

5.663

6.138

Preference Share

 

 

 

 

 

 

Tangible net worth (excl. revaluation reserve)

3.772

4.957

5.444

6.002

6.563

7.038

Investment in cos of which associates companies / subsidiaries

0.000

0.000

0.000

0.000

0.000

0.000

Adjusted TNW

3.772

4.957

5.444

6.002

6.563

7.038

Long term Loans

3.400

2.208

1.612

1.016

0.600

0.600

Capital Employed *(total fund employed)

7.172

7.165

7.056

7.018

7.163

7.638

Current Assets

5.786

9.102

9.555

10.015

10.416

10.859

Current liabilities

2.485

6.112

6.174

6.250

6.150

5.817

NWC(CA-CL)

3.301

2.990

3.381

3.765

4.266

5.042

Net Block

3.871

3.275

2.775

2.353

1.997

1.696

Net Sales : Domestic

21.818

47.313

51.069

54.266

57.462

60.659

Exports

0.000

0.000

0.000

0.000

0.000

0.000

Total

21.818

47.313

51.069

54.266

57.462

60.659

Other Income

0.000

0.000

0.000

0.000

0.000

0.000

EBIDT (PBIDTA)

0.980

7.606

10.353

12.715

13.664

15.973

Interest

0.538

1.024

0.943

0.861

0.780

0.702

Gross Profit /(Loss)

0.442

6.582

9.410

11.854

12.884

15.271

Taxes

0.000

5.201

7.923

10.374

11.467

13.995

Cash Accruals

0.442

1.381

1.487

1.480

1.417

1.276

Deprecation

0.324

0.596

0.500

0.422

0.356

0.301

Net Profit / (Loss)

0.118

0.785

0.987

1.058

1.061

0.975

Net Profit/ Capital employed (%)

1.65

10.96

13.99

15.08

14.81

12.77

RATIOS

 

 

 

 

 

 

Current Ratio

2.33

1.49

1.55

1.60

1.69

1.87

Debt /Equity

 

 

 

 

 

 

Term liabilities/Adjusted TNW

0.90

0.45

0.30

0.17

0.09

0.09

TOL/Adjusted TNW (DER)

1.56

1.68

1.43

1.21

1.03

0.91

TOL/Quasi Equity (DQER)

1.21

1.39

1.19

1.01

0.86

0.76

PBIDTA/Net Sales %

4.49

16.08

20.27

23.43

23.78

26.33

Profitability % PAT/Net Sales 

0.54

1.66

1.93

1.95

1.85

1.61

DSCR a) Company as whole

0.218

Interest Coverage

1.82

743

10.98

14.77

17.52

22.75

Inventory + Receivables/ Sales %

17.75

17.70

17.68

17.69

17.70

17.71

 

 

PARTICULARS

 

2015-2016

2016-2017

2017-2018

2018-2019

2019-2020

2020-2021

 

Projected

Projected

Projected

Projected

Projected

Projected

 

 

 

 

 

 

 

Profit After tax

0.118

0.785

0.987

1.058

1.061

0.975

Depreciation

0.324

0.596

0.500

0.422

0.356

0.301

TL Interest

0.252

0.341

0.261

0.180

0.100

0.022

Total A

0.694

1.722

1.748

1.660

1.517

1.298

 

 

 

 

 

 

 

TL Installment

 

0.596

0.596

0.596

0.596

0.416

TL Interest

0.252

0.341

0.261

0.180

0.100

0.022

Total B

0.252

0.937

0.857

0.776

0.696

0.438

 

 

 

 

 

 

 

DSCR Year –wise

0.275

0.184

0.204

0.214

0.218

0.296

DSCR Year-wise Cumulative

0.275

0.203

0.201

0.206

0.209

0.218

DSCR Overall

 

 

 

0.218

 

 

 

 

 

 

 

 

 

Profit

1.18

7.85

9.87

10.58

10.61

9.75

DER

1.56

1.68

1.43

1.21

1.03

0.91

DQER

1.21

1.39

1.19

1.01

0.86

0.76

CR

2.33

1.49

1.55

1.60

1.69

1.87

ISCR-Interest

1.82

7.43

10.98

14.77

17.52

22.75

DSCR

2.75

1.84

2.04

2.14

2.18

0.296

Overall DSCR

0.218

 

WORKING CAPITAL ASSESSMENT

 

LIABILITIES

 

2015-2016

2016-2017

2017-2018

2018-2019

2019-2020

2020-2021

 

Projected

Projected

Projected

Projected

Projected

Projected

Total Current Assets

5.786

9.102

9.555

10.015

10.416

10.859

Other Current Liabilities (other than Bank borrowings)

0.485

1.612

1.674

0.850

1.650

1.317

Working Capital Gap

5.301

7.490

7.881

9.165

8.766

9.542

Minimum Situlated Net Working Capital i.e.25% of Total Current Assets 

1.447

2.276

2.389

2.504

2.604

2.715

Actual / Projected Net Working Capital

3.301

2.990

3.381

4.665

4.266

5.042

Item C-D

3.854

5.214

 

 

 

 

(c-e)

2.000

4.500

4.500

4.500

4.500

4.500

Permissible Bank Finance

(Lower of e and f)

2.000

4.500

4.500

4.500

4.500

4.500

Proposed Limits

2.000

4.500

4.500

4.500

4.500

4.500

 

 

PARTICULAR

31.03.2013

31.03.2014

31.03.2015

31.03.2016

31.03.2017

 

Fixed Block (Net)

146.065

124.397

105.849

89.970

76.376

 

TL

115.000

98.572

82.072

65.644

49.216

 

(Outstanding)

 

 

 

 

 

 

FACR

0.127

0.126

0.129

0.137

0.155

 

 

 

LIABILITIES

 

Current Year

2015-2016

Next to Pervious Year

2016-2017

Next to Pervious Year

2017-2018

 

Estimated

Projected

Projected

Total Current Assets

9.102

9.555

10.015

Other Current Liabilities (other than Bank borrowings)

1.612

1.674

0.850

Working Capital Gap

7.490

7.881

9.165

Minimum Situlated Net Working Capital i.e.25% of Total Current Assets 

2.276

2.389

2.504

Actual / Projected Net Working Capital

2.990

3.381

4.665

Item C-D

5.214

 

 

(c-e)

4.500

4.500

4.500

Permissible Bank Finance

(Lower of e and f)

4.500

4.500

4.500

Proposed Limits

4.500

4.500

4.500

 

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 records 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

UK Pound

1

Rs.101.36

Euro

1

Rs.74.27

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

TRI

 

 

Report Prepared by :

JYTK

 

RATING EXPLANATIONS

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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

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