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MIRA INFORM REPORT
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Report No. : |
502104 |
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Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
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Name : |
MANIPAL UTILITY PACKAGING SOLUTIONS PRIVATE LIMITED (w.e.f.
03.02.2014) |
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Formerly Known
As : |
MANIPAL PACKAGING SOLUTIONS PRIVATE LIMITED (w.e.f. 08.04.2008) MANIPAL PACKAGING SOLUTION PRIVATE LIMITED |
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Registered
Office : |
Udayavani Building, Press Corner, Manipal-576104, Karnataka |
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Tel. No.: |
91-820-2205000/ 4275000/ 2571153/ 2571149 to 58 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
15.02.2008 |
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Com. Reg. No.: |
08-045299 |
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Capital
Investment / Paid-up Capital : |
INR 333.000 Million |
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CIN No.: [Company Identification
No.] |
U21014KA2008PTC045299 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
29061184058 |
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PAN No.: [Permanent Account No.] |
AAICM9482F |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
29AAICM9482F1ZW |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Corrugated Boxes, Folding Cartons and Rigid Boxes (Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 706000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2008. It is a subsidiary of Manipal Technologies Limited.
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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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
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Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
INDIA RATING |
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Rating |
Long term loans : BBB+ |
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Rating Explanation |
Moderate degree of safety and moderate credit risk |
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Date |
05.12.2017 |
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Rating Agency Name |
INDIA RATING |
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Rating |
Short term loans : A2 (SO) |
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Rating Explanation |
Strong degree of safety and low credit risk |
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Date |
05.12.2017 |
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 07.04.2018
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 : |
Ms. Sushma |
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Designation : |
Assistant Manager (Accounts and Finance) |
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Contact No.: |
91-820-2571153 |
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Date : |
04.04.2018 |
(Tel No.:
91-80-2571149/ 91-820-2205502 - Incorrect Number)
LOCATIONS
|
Registered Office/
Corporate Office / Head Office : |
Udayavani Building, Press Corner, Manipal, Udupi -576104,
Karnataka, India |
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Tel. No.: |
91-820-2205000/ 4275000/ 2571153/ 2571149 to 58 |
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Fax No.: |
91-820-2570831/ 2571162 |
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E-Mail : |
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Website : |
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Manufacturing unit
1 (Packaging
Division) : |
19-B, Shivali Industrial Area, Manipal, Udupi-576104 , Karnataka,
India |
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Manufacturing unit
: |
Also located at
: · Chennai ·
Ahmedabad |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Tonse Satish Upendra Pai |
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Designation : |
Director |
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Address : |
No.38 Ananth Nagar Manipal, Udupi-576104, Karnataka, India |
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Date of Birth/Age : |
26.11.1941 |
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Date of Appointment : |
15.02.2008 |
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DIN No.: |
00104361 |
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Other
Directorship:
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Name : |
Mr. Perdoor Vaman Mallya |
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Designation : |
Director |
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Address : |
D63C, Ananth Nagar, II Stage, Manipal, Udupi-576104, Karnataka, India |
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Date of Birth/Age : |
31.08.1948 |
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Date of Appointment : |
03.10.2013 |
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DIN No.: |
00120272 |
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Other Directorship:
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Name : |
Mr. Tonse Gautham Pai |
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Designation : |
Director |
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Address : |
38 Ananth Nagar Manipal |
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Date of Birth/Age : |
26.09.1974 |
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Date of Appointment : |
15.02.2008 |
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PAN No.: |
ACZPP1142R |
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DIN No.: |
00120314 |
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Other
Directorship:
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Name : |
Mr. Abhay Anant Gupte |
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Designation : |
Director |
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Address : |
C-102, Mandavi Pearl City Vidyarathnanagar, Manipal, Udupi-576104,
Karnataka, India |
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Date of Birth/Age : |
04.05.1961 |
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Date of Appointment : |
05.05.2014 |
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PAN No.: |
ACZPA1660M |
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DIN No.: |
00389288 |
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Other
Directorship:
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Name : |
Mr. Laxminarayan Karpe Rao |
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Designation : |
Director |
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Address : |
58, Sai Radha Green Valley, Manipal Perampalli, Shivalli, Kunjibettu, Udupi
576102, Karnataka, India |
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Date of Birth/Age : |
05.03.1940 |
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Date of Appointment : |
03.10.2013 |
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DIN No.: |
00879383 |
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Other
Directorship:
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Name : |
Mr. Tekkar Yashwanth Prabhu |
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Designation : |
Director |
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Address : |
No. 177, 2nd Cross, 9th Main, BTM 2nd Stage, Aicoboo Nagar, Bangalore-
560076, , Karnataka, India |
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Date of Birth/Age : |
30.12.1950 |
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Date of Appointment : |
08.07.2015 |
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PAN No.: |
ACAPP6747K |
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DIN No.: |
02113527 |
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Other
Directorship:
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Name : |
Mr. Padmakar Nagarmutt Nayak |
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Designation : |
Director |
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Address : |
10-1-70A, Geetanjali Kana Kadasa Road, Udupi 576101, Karnataka,
India |
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Date of Appointment : |
16.08.2016 |
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DIN No.: |
02589021 |
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Other
Directorship:
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Name : |
Mr. Manoj Kumar Garga |
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Designation : |
Director |
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Address : |
Aspen 1003, Prestige St. John Woods Apartments No. 80, Koramangala
Bangalore-560029, Karnataka, India |
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Date of Birth/Age : |
09.11.1959 |
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Date of Appointment : |
05.05.2014 |
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DIN No.: |
03131848 |
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Other
Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Abhay Anant Gupte |
|
Designation : |
Chief Executive Officer |
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Address : |
C-102, Mandavi Pearl City Vidyarathnanagar, Manipal, Udupi-576104, Karnataka, India |
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Date of Birth/Age : |
04.05.1961 |
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Date of Appointment : |
01.04.2015 |
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PAN No.: |
ACZPA1660M |
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|
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|
Name : |
Mr. Binod Kumar Mandal |
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Designation : |
Chief Executive Officer |
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Address : |
Lawrance Villa Lakshmindra Nagar, 1st Lane, Near Car Ba Zar, Manipal, Udupi - 576104, Karnataka, India |
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Date of Appointment : |
16.08.2016 |
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PAN No.: |
APYPM1603E |
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Name : |
Mr. Manoj Madivala |
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Designation : |
Chief Financial Officer |
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Address : |
Gulibettu House, Poduthonse Village Kemmannu Post, Udupi-576115, Karnataka, India |
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Date of Birth/Age : |
13.04.1984 |
|
Date of Appointment : |
08.07.2015 |
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PAN No.: |
AZMPM9428P |
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|
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|
Name : |
Ms. Sushma |
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Designation : |
Assistant Manager (Accounts and Finance) |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Tonse Gautham Pai * |
|
1 |
|
Manipal Technologies Limited |
|
33299999 |
|
Total |
|
33300000 |
*One Share held by Mr. T. Gautham Pai (Registered Owner) on behalf of M/s Manipal Technologies Limited (Beneficial Owner) in pursuant to section 89 of the Companies Act, 2013.
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Corrugated Boxes, Folding Cartons and Rigid Boxes (Registered Activity) |
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Products / Services
: |
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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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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Pai Nayak and Associates Chartered Accountants |
|
Address : |
Third Floor, Raaj Tower, Near City Stand Udupi-576101, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFP5516E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Manipal Technologies Limited CIN No.: U22219KA2000PLC026222 |
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Fellow Subsidiaries |
· Manipal Business Solutions Private Limited · Manipal Digital Systems Private Limited · MCT Cards and Technology Private Limited · Universal Print Systems Limited |
|
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|
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Other Related
Companies and Concerns : |
· Manipal Prakashana Limited · Manipal Media Network Limited · TGP Trading FZCo |
CAPITAL STRUCTURE
As on 27.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
INR 10/- each |
INR 350.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33300000 |
Equity Shares |
INR 10/- each |
INR 333.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
333.000 |
310.000 |
310.000 |
|
(b) Reserves and Surplus |
(86.046) |
(63.765) |
(0.478) |
|
(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) |
246.954 |
246.235 |
309.522 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
330.490 |
384.832 |
455.434 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
1.112 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.479 |
0.033 |
|
Total Non-current
Liabilities (3) |
330.490 |
385.311 |
456.579 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
492.709 |
313.037 |
276.915 |
|
(b) Trade payables |
147.415 |
137.379 |
119.267 |
|
(c) Other
current liabilities |
107.316 |
88.989 |
79.905 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
747.440 |
539.405 |
476.087 |
|
|
|
|
|
|
TOTAL |
1324.884 |
1170.951 |
1242.188 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
719.501 |
721.122 |
763.370 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets 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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
42.021 |
30.130 |
0.000 |
|
(d)
Long-term loans and advances |
12.454 |
14.231 |
15.821 |
|
(e) Other
Non-current assets |
2.221 |
0.393 |
0.393 |
|
Total Non-Current
Assets |
776.197 |
765.876 |
779.584 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
154.844 |
129.813 |
114.132 |
|
(c) Trade
receivables |
360.211 |
234.651 |
284.995 |
|
(d) Cash and
bank balances |
5.777 |
23.615 |
1.858 |
|
(e)
Short-term loans and advances |
25.705 |
15.808 |
56.560 |
|
(f) Other current
assets |
2.150 |
1.188 |
5.059 |
|
Total
Current Assets |
548.687 |
405.075 |
462.604 |
|
|
|
|
|
|
TOTAL |
1324.884 |
1170.951 |
1242.188 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
959.382 |
872.232 |
679.104 |
|
|
Other Income |
16.902 |
6.560 |
12.784 |
|
|
TOTAL |
976.284 |
878.792 |
691.888 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
513.210 |
494.725 |
375.146 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(9.357) |
4.150 |
(33.598) |
|
|
Employee benefit expense |
89.070 |
73.341 |
39.835 |
|
|
Other expenses |
257.933 |
255.149 |
195.891 |
|
|
Exceptional items |
3.961 |
1.129 |
(2.015) |
|
|
TOTAL |
854.817 |
828.494 |
575.259 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
121.467 |
50.298 |
116.629 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
100.501 |
91.217 |
73.327 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
20.966 |
(40.919) |
43.302 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
55.139 |
53.609 |
41.928 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(34.173) |
(94.528) |
1.374 |
|
|
|
|
|
|
|
Less |
TAX |
(11.891) |
(31.241) |
1.122 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(22.282) |
(63.287) |
0.252 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.68) |
(2.04) |
0.01 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
92.744 |
70.602 |
69.738 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(32.943) |
157.812 |
(138.316) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
137.04 |
98.19 |
153.18 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.66 |
3.72 |
2.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
104.84 |
101.36 |
116.04 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.78 |
0.39 |
1.02 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.17 |
0.07 |
0.15 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.88 |
0.85 |
0.81 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.71 |
3.12 |
2.59 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
3.03 |
2.19 |
1.54 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.91 |
2.93 |
2.47 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.21 |
0.55 |
1.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(2.32) |
(7.26) |
0.04 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(1.68) |
(5.40) |
0.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(9.02) |
(25.70) |
0.08 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.73 |
0.75 |
0.97 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.53 |
0.51 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.19 |
0.21 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.75 |
2.48 |
2.59 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.73 |
0.75 |
0.97 |
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 |
310.000 |
310.000 |
333.000 |
|
Reserves & Surplus |
(0.478) |
(63.765) |
(86.046) |
|
Net
worth |
309.522 |
246.235 |
246.954 |
|
|
|
|
|
|
long-term borrowings |
455.434 |
384.832 |
330.489 |
|
Short term borrowings |
276.915 |
313.037 |
492.709 |
|
Current maturities of
long-term debts |
69.738 |
70.602 |
92.744 |
|
Total
borrowings |
802.087 |
768.471 |
915.942 |
|
Debt/Equity
ratio |
2.591 |
3.121 |
3.709 |
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 |
679.104 |
872.232 |
959.382 |
|
|
|
28.439 |
9.992 |
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 |
679.104 |
872.232 |
959.382 |
|
Profit/ (Loss) |
0.252 |
(63.287) |
(22.282) |
|
0.04% |
(7.26%) |
(2.32%) |
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 |
Yes |
|
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 |
OPERATIONS AND FUTURE
PROSPECTS:
The main business of the Company is manufacturing of folding cartons, corrugated boxes and Rigid Boxes. The Company is having manufacturing unit at Manipal, Chennai and Ahmedabad.
The Company has recorded Standalone Sales Turnover of INR 959.382 Million during the year as against INR 872.232 Million achieved during the previous year.
MERGER WITH UNIVERSAL
PRINT SYSTEMS LIMITED
In view of similar line of business activities and with a view to consolidate the business operations, the Board of Directors have proposed an amalgamation/ merger scheme between Universal Print Systems Limited (“UPSL” or “Transferor Company”) and Manipal Utility Packaging Solutions Private Limited (“MUPSPL” or “Transferee Company”).
The object of merger is to combine packaging business of MUPSPL and label business of UPSL. UPSL capabilities, product portfolio and pipeline complement the MUPSPL Company’s existing packaging business. The amalgamation will strengthen the foothold of the MUPSL in the packaging business.
UPSL will get merged with MUPSPL thereby consolidating both the accounts as on 31.03.2017
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
154.005 |
32.872 |
|
Total |
154.005 |
32.872 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G08943847 |
100043019 |
THE FEDERAL BANK LIMITED |
11/07/2016 |
- |
- |
100000000.0 |
MANASA TOWERS, PVS JUNCTIONM. G. ROAD MANGALORE KARNATAKA 575003 INDIA |
|
2 |
G53174942 |
100019895 |
THE FEDERAL BANK LIMITED |
30/03/2016 |
24/08/2017 |
- |
500000000.0 |
MANASA TOWERS, PVS JUNCTIONM. G. ROAD MANGALORE KARNATAKA 575003 INDIA |
|
3 |
C32528663 |
10529534 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
22/10/2014 |
- |
- |
20000000.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI MAHARASHTRA 400018 INDIA |
|
4 |
C15585367 |
10513737 |
CORPORATION BANK |
19/05/2014 |
- |
- |
507500000.0 |
MANIPAL BRANCH MANIPAL KARNATAKA 576104 INDIA |
|
5 |
G01179977 |
10491072 |
CORPORATION BANK |
05/05/2014 |
- |
11/04/2016 |
300000000.0 |
MANIPAL BRANCH MANIPAL KARNATAKA 576104 INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
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 records 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 65.06 |
|
UK Pound |
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.78 |
INFORMATION DETAILS
|
Information Gathered
by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·