MIRA INFORM REPORT
|
Report No. : |
342267 |
|
Report Date : |
25.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
AVI GLOBAL PLAST PRIVATE LIMITED (w.e.f. 27.08.2008) |
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Formerly Known
As : |
COLLAR PACK PRIVATE LIMITED |
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Registered
Office : |
Survey No. 266/4/5/6, Village Dunetha, Bhenslore, Nanidaman – 396210,
Daman and Diu |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
27.02.2001 |
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Com. Reg. No.: |
24-002958 |
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Capital
Investment / Paid-up Capital : |
Rs.7.049 Million |
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CIN No.: [Company Identification
No.] |
U18101DD2001PTC002958 |
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TIN No.: |
Not Available |
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IEC No.: |
0395022886 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
SRTC00182A |
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PAN No.: [Permanent Account No.] |
AABCC5843R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is mainly engaged in processing, manufacturing of
plastic polymers viz. PVC Films, PET films, Collar Bands, Butterflies and Pet
Products. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was started as a partnership concern in 1995 in the name of
“Collar Pack” Later in 2001 the firm was converted into a private limited. For the financial 2014, the company has reported increase in its sales
turnover but has incurred heavy loss. However the company has adequate
networth base marked by reduction in its borrowings. Rating continues to take into account the company’s established track record
as one of the leading domestic manufacturers of PVC films and shirt packaging
materials and steady growth in operating income. However, trade relations are fair. Business is active. Payments are
reported be slow but correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits (Term Loans) = BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit
risk |
|
Date |
05.03.2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits (Cash Credit) = BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit
risk |
|
Date |
05.03.2015 |
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.
INFORMATION DENIED BY
|
Name : |
Mr. Durved |
|
Designation : |
Chief Finance Officer |
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Contact No.: |
91-22-39559310/39559309/395593101/28502929 |
|
Date : |
23.09.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Survey No. 266/4/5/6, Village Dunetha, Bhenslore, Nanidaman – 396210,
Daman and |
|
Tel. No.: |
91-260-3296626 |
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Mobile No. : |
91-9820452598 (Mr. Sukhdeep Sethi) |
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Fax No.: |
Not Available |
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E-Mail : |
akhilesh.bhargava@avivinyl.com durved@aviglobalplast.com |
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Website : |
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Head Office / Corporate Office : |
Bhargava House, 49, Marol Cooperative Industrial Estate, M. V. Road,
Andheri (East), Mumbai – 400059, Maharashtra, India |
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Tel. No.: |
91-22-39559393 |
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Fax No.: |
91-22-39559327 |
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E-Mail : |
DIRECTORS
As on 23.12.2014
|
Name : |
Mr. Bhargava Akhilesh Kameshwar |
|
Designation : |
Director |
|
Address : |
604, Hill N Sea Apartment, 72, Pali Hill, Bandra (West), Mumbai – 400050,
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|
Date of Birth/Age : |
26.07.1975 |
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Date of Appointment : |
24.09.2004 |
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PAN No.: |
AADPB8369A |
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DIN No.: |
00380931 |
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|
|
|
Name : |
Mr. Sukhdeep Singh Sethi |
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Designation : |
Director |
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Address : |
B – 305, Sushilabaug, S. V Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
17.05.1979 |
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Date of Appointment : |
24.09.2004 |
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PAN No.: |
AXFPS4802A |
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DIN No.: |
00381016 |
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|
|
|
Name : |
Mr. Kameshwar Bhargava |
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Designation : |
Director |
|
Address : |
604, Hill N Sea Apartment, 72, Pali Hill, Bandra (West), Mumbai –
400050, |
|
Date of Birth/Age : |
13.04.1944 |
|
Date of Appointment : |
24.09.2004 |
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PAN No.: |
AAAPB9874H |
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DIN No.: |
02031330 |
KEY EXECUTIVE
|
Name : |
Mr. Durved |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS
As on 23.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Akhilesh and Kameshwar Prasad Bhargava |
|
80000 |
|
Aveesh Bhargava |
|
14100 |
|
Bhaskar Bhargava |
|
650 |
|
Bhaskar Bhargava – HUF |
|
4500 |
|
Geeta Bhargava |
|
58860 |
|
Kameshwar Prasad Bhargava |
|
60416 |
|
Pooja Bhargava |
|
8650 |
|
Pranay Bhargava |
|
10175 |
|
Rishika Bhargava |
|
14100 |
|
Shashi Bhargava |
|
27000 |
|
Teenal Shethi |
|
23500 |
|
V.P. Bhargava |
|
7050 |
|
Akhilesh Bhargava |
|
367675 |
|
Rajveer Singh Sethi |
|
14100 |
|
Sukhdeep Singh Sethi |
|
14100 |
|
Total |
|
704876 |
Equity Share Break up (Percentage of Total Equity)
As on 23.12.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is mainly engaged in processing, manufacturing of
plastic polymers viz. PVC Films, PET films, Collar Bands, Butterflies and Pet
Products. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by Management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
SNK and Company Chartered Accountants |
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Address : |
303, Konark Sharm, 156, Tardeo Road, Mumbai Central, Mumbai – 400034, Maharashtra, India |
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PAN No.: |
AAJFS8455L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
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CAPITAL STRUCTURE
As on 23.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
704876 |
Equity Shares |
Rs.10/- each |
Rs.7.049 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 |
7.049 |
7.049 |
7.049 |
|
(b) Reserves & Surplus |
233.789 |
270.386 |
228.856 |
|
(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) |
240.838 |
277.435 |
235.905 |
|
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|
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(3)
Non-Current Liabilities |
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|
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(a) long-term borrowings |
42.428 |
75.714 |
93.867 |
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(b) Deferred tax liabilities (Net) |
27.322 |
34.027 |
42.219 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
4.173 |
6.620 |
4.949 |
|
Total Non-current
Liabilities (3) |
73.923 |
116.361 |
141.035 |
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(4)
Current Liabilities |
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|
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|
(a) Short term
borrowings |
320.945 |
407.166 |
454.431 |
|
(b) Trade
payables |
180.199 |
60.002 |
74.618 |
|
(c) Other
current liabilities |
135.849 |
66.354 |
83.212 |
|
(d) Short-term
provisions |
9.488 |
5.404 |
15.283 |
|
Total Current
Liabilities (4) |
646.481 |
538.926 |
627.544 |
|
|
|
|
|
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TOTAL |
961.242 |
932.722 |
1004.484 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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|
|
|
(i)
Tangible assets |
450.919 |
433.152 |
398.050 |
|
(ii) Intangible
Assets |
3.008 |
2.457 |
3.013 |
|
(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 |
0.005 |
0.005 |
5.005 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.179 |
3.636 |
20.393 |
|
(e) Other
Non-current assets |
44.430 |
33.725 |
0.063 |
|
Total Non-Current
Assets |
499.541 |
472.975 |
426.524 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
5.000 |
0.000 |
|
(b)
Inventories |
135.561 |
123.744 |
130.363 |
|
(c) Trade
receivables |
306.051 |
269.139 |
255.614 |
|
(d) Cash
and cash equivalents |
3.443 |
1.606 |
171.950 |
|
(e)
Short-term loans and advances |
16.493 |
60.258 |
14.286 |
|
(f) Other
current assets |
0.153 |
0.000 |
5.747 |
|
Total
Current Assets |
461.701 |
459.747 |
577.960 |
|
|
|
|
|
|
TOTAL |
961.242 |
932.722 |
1004.484 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
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SALES |
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||
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|
|
Income |
1453.025 |
1256.933 |
1048.322 |
|
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|
|
Other Income |
7.364 |
11.038 |
13.793 |
|
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|
|
Profit on sale of assets |
1.532 |
0.463 |
104.286 |
|
|
|
|
TOTAL |
1461.921 |
1268.434 |
1166.401 |
|
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|
|
|
|
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||
|
Less |
EXPENSES |
1429.101 |
1140.635 |
1024.222 |
||
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||
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|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
32.820 |
127.799 |
142.179 |
||
|
|
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|
|
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||
|
Less |
DEPRECIATION/
AMORTISATION |
76.123 |
65.482 |
35.695 |
||
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||
|
|
PROFIT/(LOSS)
BEFORE TAX |
(43.303) |
62.317 |
106.484 |
||
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||
|
Less |
TAX |
0.000 |
28.959 |
6.858 |
||
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||
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|
PROFIT/(LOSS)
AFTER TAX |
(43.303) |
33.358 |
99.626 |
||
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||
|
Add |
DEFERRED TAX ON
THE CURRENT YEAR |
6.706 |
8.192 |
(27.166) |
||
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||
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|
NET PROFIT CARRIED TO
BALANCE SHEET |
(36.597) |
41.550 |
72.460 |
||
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||
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EARNINGS IN
FOREIGN CURRENCY |
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||
|
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|
Direct Export |
124.525 |
88.358 |
105.545 |
|
|
|
TOTAL EARNINGS |
124.525 |
88.358 |
105.545 |
||
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||
|
|
Earnings /
(Loss) Per Share (Rs.) |
(51.92) |
47.32 |
NA |
||
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
105.089 |
47.815 |
0.000 |
|
Cash generated from operations |
N.A |
N.A |
N.A |
|
Net cash flows from (used in) operations |
247.987 |
173.911 |
(10.861) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(2.98) |
2.65 |
9.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.50) |
6.68 |
10.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.18) |
0.22 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.95 |
1.91 |
2.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.71 |
0.85 |
0.92 |
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 |
7.049 |
7.049 |
7.049 |
|
Reserves & Surplus |
228.856 |
270.386 |
233.789 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
235.905 |
277.435 |
240.838 |
|
|
|
|
|
|
long-term borrowings |
93.867 |
75.714 |
42.428 |
|
Short term borrowings |
454.431 |
407.166 |
320.945 |
|
Current maturities of
long-term debts |
0.000 |
47.815 |
105.089 |
|
Total
borrowings |
548.298 |
530.695 |
468.462 |
|
Debt/Equity
ratio |
2.324 |
1.913 |
1.945 |
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 |
1,048.322 |
1,256.933 |
1,453.025 |
|
|
|
19.900 |
15.601 |
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
|
1,048.322 |
1,256.933 |
1,453.025 |
|
Profit |
99.626 |
33.358 |
(43.303) |
|
|
9.50% |
2.65% |
(2.98%) |
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 |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Rupee term loans from others |
6.447 |
0.000 |
|
Loans and advances from related parties |
26.347 |
22.358 |
|
SHORT TERM BORROWINGS |
|
|
|
Term loans from banks |
6.466 |
0.000 |
|
Loans and advances from related parties |
1.850 |
0.000 |
|
Other loans and advances |
4.526 |
0.000 |
|
Total |
45.636 |
22.358 |
GENERAL
INFORMATION
Subject is engaged mainly in processing/ manufacturing of plastic polymers viz. PVC Films, PET films, Collar Bands, Butterflies and Pet Products and after considering the nature of raw materials and class of customers and the methods of sales and distribution of products, the management is of the view that the Company's products are falling under single segment and therefore the whole operation is considered under single segment which has been relied upon.
OPERATIONS AT NEW SITE
The company’s growths in sales have improved as shown above by 15.60% as against the similar increase in previous year. The operating profits before tax have declined due to increase in cost of raw materials, increase in repair Maintenance cost of Machinery and exchange loss. The Management is of the view that the performance may improve with better results barring unforeseen circumstances. The company commissioned two major projects in the financial year that is PET sheet and Thermoforming. These segments have a big potential, however since the company was new in both the segments the company suffered a loss on this account
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10362445 |
30/05/2014 * |
64,000,000.00 |
STATE BANK OF INDIA |
MIDC, ANDHERI (EAST) BRANCH, PLOT NO B-1, CENTRAL ROAD, ANDHERI (EAST), MUMBAI- 400093, MAHARASHTRA, INDIA |
C06532766 |
|
2 |
10108613 |
04/08/2014 * |
569,700,000.00 |
STATE BANK OF INDIA |
MIDC, ANDHERI (EAST) BRANCH,, MAROL CENTRAL ROAD, ANDHERI (EAST), MUMBAI- 400093, MAHARASHTRA, INDIA |
C32074445 |
|
3 |
90354565 |
10/08/2007 * |
75,655,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, TELLI GALLI,, SNEHAL CHEMBERS, ANDHERI (EAST), MUMBAI- 400069, MAHARASHTRA, INDIA |
A20520219 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
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.66.09 |
|
|
1 |
Rs.100.88 |
|
Euro |
1 |
Rs.73.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
42 |
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.