|
|
|
MIRA INFORM REPORT
|
Report No. : |
502053 |
|
Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
PARIKH PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Opposite Rotomac Pens, Sarkhej-Bavla Highway, Village Moraiya, Taluka
– Sanand, Ahmedabad – 382213, Gujarat |
|
Mobile No.: |
91-9925143573 (Mr. Roumil Dalal) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
22.10.1999 |
|
|
|
|
Com. Reg. No.: |
04-036763 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 41.686 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209GJ1999PTC036763 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0801003113 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP7894F |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AABCP7894F1Z6 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and exporter of flexible packaging materials, food packaging materials and agricultural packaging materials. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 2300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “GPC Holdings BV, Netherlands” and was
incorporated in the year 1999. It is a manufacturer and exporter of
flexible packaging materials, food packaging materials and agricultural
packaging materials. For the financial year 2017, the company has reported dip in its
revenue as compared to the previous year but has managed to maintain a fair
profit margin of 1.82%. The sound financial risk profile of the company is marked by adequate
networth base along with strong debt coverage metrics due to negligible debt
balance sheet profile. Rating takes into account the subject’s long established track record
of business operations along with extensive experience of its promoters. Rating also takes into account the strong financial and managerial
support that company receives from its holding entity backed by its well
experienced management team. Payment seems to be regular. In view of aforesaid, 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 05.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Roumil Dalal |
|
Designation : |
Export Manager |
|
Contact No.: |
91-9925143573 |
[Mobile No.: 91-9879571375 (Number is switched off)]
[Tel. No.: 91-2717-251106/ 251375 (Number is not working)]
LOCATIONS
|
Registered Office / Factory : |
Opposite Rotomac Pens, Sarkhej-Bavla Highway, Village Moraiya, Taluka
– Sanand, Ahmedabad – 382 213, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9925143573 (Mr. Roumil Dalal) |
|
Fax No.: |
91-2717-251106 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Pranav Rameshchandra Parikh |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Pranam, 514/Lane 21, Satyagrah Chhavni, Satelite, Ahmedabad – 380015, Gujarat, India |
||||||||||||||||
|
Date of Birth/Age : |
11.03.1974 |
||||||||||||||||
|
Qualification : |
MBA |
||||||||||||||||
|
Date of Appointment : |
22.10.1999 |
||||||||||||||||
|
PAN No.: |
ABIPP5623P |
||||||||||||||||
|
DIN No.: |
00060678 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Pavan Rameshchandra Parikh |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Pranam, 514/Lane 21 ,Satyagrah Chhavani, Satelite, Ahmedabad - 380015, Gujarat, India |
||||||||||||||||
|
Date of Birth/Age : |
23.12.1975 |
||||||||||||||||
|
Qualification : |
MBA |
||||||||||||||||
|
Date of Appointment : |
22.10.1999 |
||||||||||||||||
|
PAN No.: |
ABIPP5622N |
||||||||||||||||
|
DIN No.: |
00060697 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Richard Peter Kelsey |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Kaiserstrasse 67-69/33/1, 1070 Wien (Vienna), Austria, NA, Austria |
||||||||||||||||
|
Date of Birth/Age : |
22.03.1974 |
||||||||||||||||
|
Qualification : |
MA (Hons) & Chartered Accountant (ACA) |
||||||||||||||||
|
Date of Appointment : |
11.06.2013 |
||||||||||||||||
|
DIN No.: |
06593812 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Jurgen Leeb |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Eichbergweg 5, 3203 Rabenstein An Der Pielach, NA, Austria |
||||||||||||||||
|
Date of Birth/Age : |
22.06.1976 |
||||||||||||||||
|
Qualification : |
PhD. |
||||||||||||||||
|
Date of Appointment : |
11.06.2013 |
||||||||||||||||
|
DIN No.: |
06595309 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Rudolf Peter Stieboeck |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Roseggerstrasse 6/2, 3100 St. Polten, Austria, NA, Austria |
||||||||||||||||
|
Date of Birth/Age : |
14.04.1975 |
||||||||||||||||
|
Qualification : |
Masters in Business Science |
||||||||||||||||
|
Date of Appointment : |
30.09.2013 |
||||||||||||||||
|
DIN No.: |
06600042 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Friedrich Humer |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Fesslerstrasse 25, St. Polten, 3100, NA, Austria |
||||||||||||||||
|
Date of Birth/Age : |
08.05.1964 |
||||||||||||||||
|
Qualification : |
Master in Economy |
||||||||||||||||
|
Date of Appointment : |
19.11.2013 |
||||||||||||||||
|
DIN No.: |
06737977 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Grazyna Ewa Polak |
||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||
|
Address : |
Janow 19C, 97-400 Belchatow NA PL |
||||||||||||||||
|
Date of Appointment : |
13.09.2017 |
||||||||||||||||
|
DIN No.: |
07877123 |
||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Roumil Dalal |
|
Designation : |
Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
GPC Holdings BV, Netherland |
|
3126422 |
|
Rameshchandra Ochhavlal Parikh |
|
192159 |
|
Pavan Rameshchandra Parikh |
|
290000 |
|
Pranav Rameshchandra Parikh |
|
285000 |
|
Ranjanben Rameshchandra Parikh |
|
150000 |
|
Rajvi Pavan Parikh |
|
30000 |
|
Ami Pranav Parikh |
|
30000 |
|
Rameshchandra Ochhavlal Parikh (HUF) |
|
40000 |
|
Pavan Rameshchandra Parikh (HUF) |
|
10000 |
|
Pranav Rameshchandra Parikh (HUF) |
|
15000 |
|
Total |
|
4168581 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
25.00 |
|
Promoters (Body corporate) |
75.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of flexible packaging materials, food packaging materials and agricultural packaging materials. (Registered Activity) |
||||||
|
|
|
||||||
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Products/ Services : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
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Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
Long-term
Borrowings Nature
of security The Term Loan from BNP
Paribus of INR 217.969 Million (Previous year: INR 276.094 Million) is
secured by standby letter of credit from BNPP Vienna /BNP Paribus Fortis SA /
NV Austria Branch. The Term Loan from BNP Paribus of INT 82.787 Million
(Previous year: INR 104.864 Million) is secured by standby letter of credit
from BNPP Vienna /BNP Paribus Fortis SA / NV Austria Branch. The Term Loan
from BNP Paribus of INR 41.081 Million (Previous year: INR 71.892 Million) is
secured by standby letter of credit from BNP Vienna /BNP Paribus Fortis SA /
NV Austria Branch. The Term Loan from BNP Paribus of INR 10,00,00,000
(Previous year: INR NIL) is secured by standby letter of credit from BNP
Vienna /BNP Paribas Fortis SA / NV Austria Branch. The Term Loan from BNP
Paribus of INR 96.200 Million (Previous year: INR NIL) is secured by standby
letter of credit from BNP Vienna /BNP Paribas Fortis SA / NV Austria Branch.
The Term Loan from BNP Paribus of INR 50.000 Million (Previous year: INR NIL)
is secured by standby letter of credit from BNP Vienna /BNP Paribas Fortis SA
/ NV Austria Branch. |
|
Auditors : |
|
|
Name : |
Price Waterhouse LLP Chartered Accountants |
|
Address : |
52, Veer Savarkar Smarak, Shivaji Park, Dadar (West), Mumbai-400028, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFP3698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
GPC Holdings BV (*) Netherland |
|
|
|
|
Ultimate Holding
Company : |
Wendel Investment Company (*) France |
|
|
|
|
Intermediate
Holding Company : |
Constantia Flexibles International GMBH Austria |
|
|
|
|
Fellow Subsidiaries
: |
Note: (*) No transactions during the year. |
CAPITAL STRUCTURE
As on 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4800000 |
Equity Shares |
INR 10/- each |
INR 48.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4168581 |
Equity Shares |
INR 10/- each |
INR 41.686
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
41.686 |
41.686 |
41.686 |
|
(b) Reserves & Surplus |
767.042 |
722.460 |
629.156 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
808.728 |
764.146 |
670.842 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
415.475 |
341.837 |
347.986 |
|
(b) Deferred tax liabilities (Net) |
74.237 |
63.981 |
33.455 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
5.420 |
4.433 |
2.235 |
|
Total Non-current
Liabilities (3) |
495.132 |
410.251 |
383.676 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
295.836 |
78.924 |
253.617 |
|
(b) Trade
payables |
269.619 |
297.355 |
247.618 |
|
(c) Other
current liabilities |
252.463 |
175.926 |
135.675 |
|
(d) Short-term
provisions |
0.530 |
0.449 |
0.266 |
|
Total Current
Liabilities (4) |
818.448 |
552.654 |
637.176 |
|
|
|
|
|
|
TOTAL |
2122.308 |
1727.051 |
1691.694 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1011.038 |
913.317 |
891.680 |
|
(ii)
Intangible Assets |
0.979 |
4.663 |
7.992 |
|
(iii)
Capital work-in-progress |
147.378 |
118.100 |
3.879 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
172.198 |
63.261 |
55.680 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1331.593 |
1099.341 |
959.231 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
335.498 |
234.968 |
255.861 |
|
(c) Trade
receivables |
345.982 |
305.103 |
403.648 |
|
(d) Cash
and cash equivalents |
7.321 |
9.013 |
14.504 |
|
(e)
Short-term loans and advances |
95.020 |
74.579 |
54.479 |
|
(f) Other
current assets |
6.894 |
4.047 |
3.971 |
|
Total
Current Assets |
790.715 |
627.710 |
732.463 |
|
|
|
|
|
|
TOTAL |
2122.308 |
1727.051 |
1691.694 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2451.114 |
2580.917 |
2311.340 |
|
|
Other Income |
22.887 |
10.432 |
16.181 |
|
|
TOTAL |
2474.001 |
2591.349 |
2327.521 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1744.983 |
1804.001 |
1728.304 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(93.060) |
13.746 |
(42.380) |
|
|
Employees benefits
expense |
182.546 |
153.594 |
137.676 |
|
|
CSR expenditure |
1.347 |
0.025 |
0.000 |
|
|
Other expenses |
359.843 |
300.957 |
288.631 |
|
|
TOTAL |
2195.659 |
2272.323 |
2112.231 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
278.342 |
319.026 |
215.290 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
81.375 |
79.884 |
47.086 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
196.967 |
239.142 |
168.204 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
136.339 |
110.215 |
104.069 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
60.628 |
128.927 |
64.135 |
|
|
|
|
|
|
|
Less |
TAX |
16.045 |
35.624 |
6.035 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
44.583 |
93.303 |
58.100 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
292.724 |
153.997 |
145.221 |
|
|
Product Development
Designing Charges |
18.238 |
10.809 |
6.255 |
|
|
TOTAL EARNINGS |
310.962 |
164.806 |
151.476 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
265.726 |
364.127 |
321.640 |
|
|
Capital Goods |
119.724 |
97.117 |
194.780 |
|
|
TOTAL IMPORTS |
385.450 |
461.244 |
516.420 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
10.69 |
22.38 |
13.94 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
172.562 |
111.012 |
57.014 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
86.518 |
455.522 |
76.042 |
|
Net cash flow from operating activity |
76.414 |
442.364 |
75.799 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
51.52 |
43.15 |
63.74 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
7.08 |
8.46 |
5.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
56.40 |
60.16 |
52.29 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.83 |
1.36 |
0.84 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.24 |
0.31 |
0.24 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.58 |
0.62 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.09 |
0.70 |
0.98 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.01 |
0.72 |
0.95 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.43 |
1.36 |
1.35 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.42 |
3.99 |
4.57 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
1.82 |
3.62 |
2.51 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.10 |
5.40 |
3.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.51 |
12.21 |
8.66 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.97 |
1.14 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.56 |
0.71 |
0.75 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.38 |
0.44 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
21.20 |
12.76 |
15.80 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.97 |
1.14 |
1.15 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
41.686 |
41.686 |
41.686 |
|
Reserves & Surplus |
629.156 |
722.460 |
767.042 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
670.842 |
764.146 |
808.728 |
|
|
|
|
|
|
long-term borrowings |
347.986 |
341.837 |
415.475 |
|
Short term borrowings |
253.617 |
78.924 |
295.836 |
|
Current Maturities of
Long term debt |
57.014 |
111.012 |
172.562 |
|
Total borrowings |
658.617 |
531.773 |
883.873 |
|
Debt/Equity ratio |
0.982 |
0.696 |
1.093 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
2311.340 |
2580.917 |
2451.114 |
|
|
|
11.663 |
(5.029) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
2311.340 |
2580.917 |
2451.114 |
|
Profit/(Loss) |
58.100 |
93.303 |
44.583 |
|
|
2.51% |
3.62% |
1.82% |
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 |
No |
|
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 |
GENERAL INFORMATION
The company is a manufacturer and exporter of flexible packaging materials, food packaging materials and agricultural packaging materials at above mentioned plant.
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
Y10194782 |
90105090 |
NUTAN NAGARIK SAHAKARI BANK LIMITED |
09/07/2001 |
- |
- |
856000.0 |
LAW GARDEN BRANCHELLISBRIDGEAHMEDABADGJIN |
|
2 |
Y10194629 |
90104937 |
NUTAN NAGARIK SAHAKARI BANK LIMITED |
13/03/2000 |
09/07/2001 |
- |
5000000.0 |
LAW GARDEN BRANCHELLISBRIDGEAHMEDABADGJIN |
|
3 |
C43841022 |
90105145 |
THE KARUR VYSYA BANK LTD |
14/02/2002 |
26/11/2012 |
30/01/2015 |
593750000.0 |
SAKAR - VII, GROUND FLOOR, B BLOCK,NEAR NEHRU BRIDGE CORNER, ASHRAM ROAD,AHMEDABADGJ380009IN |
|
4 |
C43839927 |
90104151 |
THE KARUR VYSYA BANK LTD |
14/02/2002 |
26/11/2012 |
30/01/2015 |
593750000.0 |
SAKAR - VII, GROUND FLOOR, B BLOCK,NEAR NEHRU BRIDGE CORNER, ASHRAM ROAD,AHMEDABADGJ380009IN |
|
5 |
C43837236 |
10032499 |
THE KARUR VYSYA BANK LTD |
24/07/2006 |
- |
30/01/2015 |
2500000.0 |
ASHRAM ROADAHMEDABADGJ380009IN |
|
6 |
C43834829 |
10009194 |
THE KARUR VYASYA BANK LTD |
29/06/2006 |
- |
30/01/2015 |
1700000.0 |
ASHRAM ROADAHMEDABADGJ380009IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against the Company not acknowledged as debts |
6.233 |
6.233 |
|
Excise and Service Tax matters |
6.349 |
5.117 |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
WEBSITE DETAILS
NEWS/ PRESS RELEASES
CONSTANTIA FLEXIBLES
TO INVEST $15M TO EXPAND PRODUCTION CAPACITY IN INDIA
09.02.2018
Constantia Flexibles is making $15.5m investment to expand the production capacity at its Indian subsidiary Parikh Packaging, in Ahmedabad, Gujarat.
In mid-2017, the company broke ground on a new site close to existing production at Parikh.
Planned to be completed in 2019, the site will be designed to meet international environmental, hygiene and work safety standards.
The new facility will feature a polyethylene blown film extruder, high-definition Flexo printing press and laminators to produce fully recyclable high barrier laminates.
The expansion project would help the company meet the growing demand for flexible packaging in the food, and home and personal care (HPC) industries in India.
Constantia Flexibles Food division executive vice-president Stefan Grote said: “Our investment strengthens Parikh Packaging’s credentials as a leading provider of innovation and service to customers in the Indian subcontinent.
“Major FMCGs are demanding the highest level of sustainability for their packaging material and they will have to comply with upcoming Indian Plastic Waste Management (PWM) regulations that promote only fully recyclable flexible packaging.”
Parikh Packaging already has a production unit in Ahmedabad, including rotogravure printing machines, PE extruders, various lamination technologies and pouch making.
Constantia Flexibles made the investment announcement at the during the PLASTINDIA 2018 trade fair being held in Gandhinagar, from 7-12 February.
The Parikh Packaging’s Ahmedabad-based packaging plant was acquired by Constantia Flexibles in 2013 to support the group for further growth and expansion in Asia.
Constantia Parikh is focused on mainly producing snacks & chips packaging, stand up pouches, single-unit shampoo sachets and different rollstock laminate materials.
Employing about 7,400 people, Constantia Flexibles in engaged in manufacturing flexible packaging solutions to serve food and pharma industries.
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 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
|
INR |
|
US Dollar |
1 |
INR 65.02 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 79.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.