|
|
|
MIRA INFORM REPORT
|
Report No. : |
507250 |
|
Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAJIV PLASTICS PRIVATE LIMITED [w.e.f. 04.02.2015] |
|
|
|
|
Formerly Known
As : |
RAJIV PLASTICS LIMITED [w.e.f. 17.02.2009] RAJIV PLASTICS PRIVATE LIMITED [w.e.f. 08.11.2005] MINOCHA BUTTON STORE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
33/9 East Patel Nagar, Delhi-110008 |
|
Tel. No.: |
91-22-66929705 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
25.10.1982 |
|
|
|
|
Com. Reg. No.: |
55-014577 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 26.550 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1982PTC014577 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable [As informed by the management that firm does
not have export and import] |
|
|
|
|
TIN No.: |
27410562662 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AADCR3525R1ZV |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR3525R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Color and Additive Masterbatch
and Polymer Compound and also providing solutions to the plastic processing
industry. [Confirmed by Management and also Registered Activity] |
|
|
|
|
No. of Employees
: |
250 [Approximately] |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 1839000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Rajiv Plastics Private Limited is a manufacturer exporter and importer of color and additive master batch and polymer compound and also providing solutions to the plastic processing industry. The company was incorporated in the year 1982 and is based in Delhi, India. It is an established company having good track record. For the financial year ended 2017, the company has
witnessed a growth in its revenue and has achieved good profit margin at
9.55% (approx.). The company possesses strong financial profile marked by healthy net worth base along with negligible debt recorded by the company. The company also derives strength from its long established track record of business operations. Trade relations are reported as fair. Business is active. Payment terms are seems to be regular and as per commitments.
|
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
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 04.05.2018.
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 PARTED BY
|
Name : |
Mr. Bajaj |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-66929701 |
|
Date : |
03.05.2018 |
LOCATIONS
|
Registered Office : |
33/9, East Patel Nagar, Delhi-110008, India |
|
Tel. No.: |
91-22-66929705/ 6692970 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Head Office 1 : |
A-8 and A-9, Nand Bhuvan Industrial Estate, Mahakali Caves Road, Andheri (East), Mumbai - 400093, Maharashtra, India |
|
Tel. No.: |
91-22-66929701 / 28342810 |
|
Fax No.: |
91-22-66929705 |
|
E-Mail : |
|
|
|
|
|
Head Office 2 : |
A-9, Nand Bhuvan Industrial Estate, Mahakali Caves Road, Andheri
(East), Mumbai - 400093, Maharashtra, India |
|
Tel. No. |
91-22-66929701/ 28342810 |
|
Fax No.: |
91-22-66929705 |
|
|
|
|
Factory : |
Plot No. A-31, MIDC, Chakan, Taluka Khed, District Pune – 410501,
Maharashtra, India |
|
Tel. No.: |
91-2135-660191 / 660192 |
|
Fax No.: |
91-2135-660192 (Ext - 118) |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Manish Mohan Minocha |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
Flat No-501,Daffodil Building, 7th N.S. Road J.V.P.D Scheme, Juhu, Mumbai-400049, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
29.11.1971 |
||||||||
|
Qualification: |
B.COM |
||||||||
|
Date of Appointment : |
02.02.1998 |
||||||||
|
DIN No.: |
00613692 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Inder Mohan Minocha |
||||||||
|
Designation : |
Wholetime Director |
||||||||
|
Address : |
Modi Sadan,2nd Floor, Plot No.7,11th N.S Road JVPD Scheme, Near Daftry Nursing Home, Juhu, Mumbai-400049, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
23.06.1948 |
||||||||
|
Qualification: |
B.A Litrature |
||||||||
|
Date of Appointment : |
31.12.2005 |
||||||||
|
DIN No.: |
00613951 |
||||||||
|
PAN No.: |
AADPM5679E |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Hemant Minocha |
||||||||
|
Designation : |
Wholetime Director |
||||||||
|
Address : |
Flat No701 7th FLR , Plot No 52 Peninsula Building ,N S Road No 9, JVPD Scheme, Vile Parle (West), Mumbai-400049, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
10.01.1974 |
||||||||
|
|
M.S (PLASTIC ENGINEERING) |
||||||||
|
Date of Appointment : |
31.12.2005 |
||||||||
|
DIN No.: |
00614057 |
||||||||
|
PAN No.: |
AAGPM8419F |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Sumit Minocha |
||||||||
|
Designation : |
Wholetime Director |
||||||||
|
Address : |
2nd Floor, Modi Sadan, Plot No.7 11th N.S. Road, J.V.P.D. Scheme, Juhu, Mumbai-400049, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
01.07.1978 |
||||||||
|
Date of Appointment : |
31.12.2005 |
||||||||
|
DIN No.: |
01228037 |
||||||||
KEY EXECUTIVES
|
Name : |
Mr. Bajaj |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Inder Mohan Minocha |
|
31120 |
|
Manish Minocha |
|
50060 |
|
Sumit Minocha |
|
53060 |
|
Hemant Minocha |
|
53060 |
|
Janhavi Manish Minocha |
|
3000 |
|
Parul Minocha |
|
50 |
|
Mahima Minocha |
|
50 |
|
Akanshalad |
|
25 |
|
D.R. Patel |
|
25 |
|
Deepak Bajaj |
|
25 |
|
Jailakshmi Prakash Kamat |
|
25 |
|
Pushpa Rani Minocha |
|
75000 |
|
|
|
|
|
Total |
|
265500 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
70.55 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
29.45 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Color and Additive Masterbatch
and Polymer Compound and also providing solutions to the plastic processing
industry. [Confirmed by Management and also Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
· America European Countries · African Countries |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
· Saudi Arabia · African Countries · Singapore |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment, L/C, Cheque, RTGS, NEFT and Credit [30/ 60/ 90 Days] |
||||
|
|
|
||||
|
Purchasing : |
Advance Payment, L/C, Cheque, RTGS, NEFT and Credit [30/ 60/ 90 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users and Manufacturer
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
250 [Approximately] |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Chander Parkash and Company Chartered Accountants |
|
Address : |
207, Padma Tower - II, Rajendra Place, New Delhi - 110088, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAIFC7091H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives: |
· Rajiv Plastic Industries ·
Minocha
Enterprises · Inder Mohan Minocha |
|
|
|
|
Sister Concern: |
· Neelkamal Industries · Kamal Plastic Industries Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
INR 100/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
265500 |
Equity Shares |
INR 100/- each |
INR 26.550 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 |
26.550 |
26.550 |
26.550 |
|
(b) Reserves & Surplus |
617.397 |
515.125 |
402.607 |
|
(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) |
643.947 |
541.675 |
429.157 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
16.513 |
16.772 |
14.972 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
16.513 |
16.772 |
14.972 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
20.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
48.208 |
40.483 |
33.043 |
|
(c)
Other current liabilities |
52.890 |
20.664 |
6.173 |
|
(d)
Short-term provisions |
50.674 |
59.835 |
53.798 |
|
Total
Current Liabilities (4) |
171.772 |
120.982 |
93.014 |
|
|
|
|
|
|
TOTAL |
832.232 |
679.429 |
537.143 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
136.966 |
147.197 |
134.355 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2.047 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
2.729 |
2.682 |
1.499 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
141.742 |
149.879 |
135.854 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.100 |
100.000 |
0.000 |
|
(b)
Inventories |
92.063 |
71.898 |
67.609 |
|
(c)
Trade receivables |
231.892 |
184.884 |
199.753 |
|
(d)
Cash and cash equivalents |
277.984 |
94.554 |
66.676 |
|
(e)
Short-term loans and advances |
71.161 |
75.620 |
64.530 |
|
(f)
Other current assets |
17.290 |
2.594 |
2.721 |
|
Total
Current Assets |
690.490 |
529.550 |
401.289 |
|
|
|
|
|
|
TOTAL |
832.232 |
679.429 |
537.143 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1068.697 |
1050.209 |
979.561 |
|
|
|
Other Income |
34.561 |
32.248 |
18.792 |
|
|
|
TOTAL |
1103.258 |
1082.457 |
998.353 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
708.221 |
691.251 |
687.139 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
5.513 |
(4.791) |
4.388 |
|
|
|
Employees benefits expense |
129.713 |
120.528 |
41.817 |
|
|
|
Other expenses |
86.422 |
86.435 |
88.989 |
|
|
|
CSR expenditure |
5.901 |
0.081 |
0.000 |
|
|
|
TOTAL |
935.770 |
893.504 |
822.333 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
167.488 |
188.953 |
176.020 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.508 |
2.881 |
8.902 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
164.980 |
186.072 |
167.118 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.409 |
13.020 |
12.557 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
151.571 |
173.052 |
154.561 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
49.421 |
60.251 |
52.551 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
102.150 |
112.801 |
102.010 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of manufactured goods exported |
433.336 |
457.034 |
465.343 |
|
|
|
FOB value of traded goods exported |
10.687 |
12.870 |
9.680 |
|
|
TOTAL EARNINGS |
444.023 |
469.904 |
475.023 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
191.591 |
147.563 |
164.252 |
|
|
|
Capital Goods |
0.000 |
18.625 |
0.132 |
|
|
TOTAL IMPORTS |
191.591 |
166.188 |
164.384 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
384.75 |
424.86 |
384.22 |
|
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
1150.000 |
|
|
|
|
[Due to business growth] |
The above information has been parted by Mr. Bajaj [Accounts Manager]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(74.729) |
267.601 |
219.600 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(184.151) |
155.064 |
130.881 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
79.20 |
64.26 |
74.43 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.61 |
5.68 |
4.90 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
24.85 |
21.38 |
17.55 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.82 |
2.63 |
2.60 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.20 |
1.28 |
1.31 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.21 |
0.18 |
0.17 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.03 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.27 |
0.22 |
0.22 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.22 |
0.27 |
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
66.78 |
65.59 |
19.77 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
9.56 |
10.74 |
10.41 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.27 |
16.60 |
18.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.86 |
20.82 |
23.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.02 |
4.38 |
4.31 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.48 |
3.78 |
3.59 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.77 |
0.80 |
0.80 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.75 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.02 |
4.38 |
4.31 |
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 |
26.550 |
26.550 |
26.550 |
|
Reserves & Surplus |
402.607 |
515.125 |
617.397 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
429.157 |
541.675 |
643.947 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
20.000 |
|
Total
borrowings |
0.000 |
0.000 |
20.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.031 |
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 |
979.561 |
1050.209 |
1068.697 |
|
|
|
7.212 |
1.760 |
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 |
979.561 |
1050.209 |
1068.697 |
|
Profit/ (Loss) |
102.010 |
112.801 |
102.150 |
|
|
10.41% |
10.74% |
9.56% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G16235327 |
10018159 |
HDFC BANK LIMITED |
21/08/2006 |
08/10/2013 |
29/09/2016 |
158700000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
20.000 |
0.000 |
|
|
|
|
|
Total |
20.000 |
0.000 |
CORPORATE
INFORMATION
Rajiv
Plastic Limited is one of Asia’s leading Color & Additive Masterbatch &
Polymer Compound manufacturers. Incorporated in 25.10.1982, the company has
been providing an advanced level of solutions to the plastic processing
industry.
STATE OF THE COMPANY’S AFFAIRS :
The company is one of Asia’s leading Color & Additive Master batch and Polymer Compound manufacturers. Incorporated in 1978, the company has been providing an advanced level of solutions to the plastic processing industry’s ever changing and challenging needs.
Rajiv Plastics (RP) uses the latest technologies in Machinery, R&D, and Materials coupled with a wealth of talent and experience to deliver the finest products.
At Rajiv Plastics our goal is to increase your operational effectiveness with leading edge product technology. To ensure this, we are constantly upgrading machineries, R&D equipment’s and test procedures.
Our expertise of understanding the nature of various polymers that we process brings us to use the most sophisticated equipment that include:
· Mega Compounders i.e. High Output Twin Screw Extruders
· Single Screw Extruders
· Banbury Mixers
· Continuous Mixers
Their R&D and quality assurance laboratories have all the possible equipment any polymer testing laboratory would ever require right from the basic spectrophotometers to dispersion testers and weathering equipment.
Today, company enjoys the technical lead that gives it an edge over competition. Aided by technologically advanced equipment, its laboratory experts research new materials, color pigments and dyes to help you produce the most economical, visually appealing and performance oriented products.
FIXED ASSETS:
· Land
· Buildings
· Office building
·
Plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
·
Office equipment
·
Computer equipments
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
|
INR |
|
US Dollar |
1 |
INR 66.61 |
|
UK Pound |
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
TEJ |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
YES |
|
--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.