|
|
|
MIRA INFORM REPORT
|
Report No. : |
508559 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PARKSONS PACKAGING LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 11 and 13, Ringanwada, Nani Daman, Daman - 396210, Daman
and Diu (Union Territory) |
|
Tel. No.: |
91-260-2240762/63/ 2243761/63 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.04.1996 |
|
|
|
|
Com. Reg. No.: |
56-003450 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 126.891 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21029DD1996PLC003450 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0397068221 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP6598E |
|
|
|
|
TIN No.: |
25000004255 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
25AABCP6598E1Z7 05AABCP6598E1Z9 [Rudrapur] |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Folding Cartons, made from Paper and Paper Board or Poly-Propylene Sheets, Catering to Domestic and International Markets [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 8503000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1996 and is a manufacturer of folding cartons made from paper and paper boards. As per financials of March 2017, the company has registered a growth of 16.68% in its revenue as compared to its previous year’s revenue and has reported decent profit margin of 7.86%. Rating takes into consideration the company’s established track record of business operations marked by healthy net worth base along with comfortable debt coverage indicators and good liquidity position. Rating also takes into account the leading position in the folding cartons industry and long standing relationships with reputed clients. Further, the company has reported a good earnings per share of INR 41.37 against its face value of INR 10. However, rating strength is partially offset by working capital intensive nature of operations and exposure to intense competition in a fragmented industry. Payments seems to be regular. In view of aforesaid, the company can be considered good 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 |
CRISIL |
|
Rating |
Long Term Rating = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
11.04.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Very Strong degree of safety and carry lowest credit risk |
|
Date |
11.04.2017 |
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
31-03-2016.
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 14.05.2018
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 DECLINED BY
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Assistant |
|
Contact No.: |
91-22-66662700 |
|
Date : |
11.05.2018 |
|
Name : |
Mr. Kalyan Singh |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-8650505360 |
|
Date : |
11.05.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Survey No. 11 and 13, Ringanwada, Nani Daman, Daman - 396210, Daman
and Diu (Union Territory), India |
|
Tel. No.: |
91-260-2240762/63/ 2243761/6655400 |
|
Mobile No.: |
91-8650505360 [Mr. Kalyan Singh] |
|
Fax No.: |
91-260-2243340 / 2240762 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
701/702, Indiabulls Finance Centre, Tower 1, 7th Floor, Senapati Bapat
Marg, Elphinstone Road (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66667200 / 66635200/ 24211036/ 39 |
|
Fax No.: |
91-22-66667201 / 66635201 |
|
|
|
|
Factory 2: |
Gat 357-77, 79, 81, Chakan Talegaon Road, Kharabwadi, Taluka Khed, Pune - 410501, Maharashtra, India |
|
Tel. No.: |
91-2135-668600 |
|
Fax No.: |
91-2135-668650 |
|
E-Mail: |
|
|
|
|
|
Factory 3: |
Plot
No. 23, 24, 25 and 26, Sector 4, IIE, Pantnagar, SIDCUL, Rudrapur-263145,
Uttarakhand, India |
|
Tel. No.: |
91-5944-666100 |
|
Fax No.: |
91-5944-666150 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Manish Santoshkumar Kejriwal |
|||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
|||||||||||||||||||||||||||||||
|
Address : |
Flat No 3703, 37th & 38th Floor, Vivarea Bldg B Wing, Sane Guruji Marg, Jacob Circle, Mumbai 400011, Maharashtra, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.11.1968 |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.03.2015 |
|||||||||||||||||||||||||||||||
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DIN No.: |
00040055 |
|||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||
|
Name : |
Mr. Manish Balkishan Chokhani |
|||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||
|
Address : |
161,Silver Arch,Petit Hall Compound, 66 L Jagmohandas Marg,Nepeansea Rd Mumbai-400006, Maharashtra, India |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.03.2018 |
|||||||||||||||||||||||||||||||
|
DIN No.: |
00204011 |
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|
||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||
|
Name : |
Mr. Ramesh Badriprasad Kejriwa |
|||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
|||||||||||||||||||||||||||||||
|
Address : |
1101, Saarthi, 33, K M Munshi Marg Chowpatty Mumbai - 400007, Maharashtra, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.10.2015 |
|||||||||||||||||||||||||||||||
|
Qualification : |
commerce graduate and qualified printing technologist |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.04.1996 |
|||||||||||||||||||||||||||||||
|
PAN No.: |
AABPK7489E |
|||||||||||||||||||||||||||||||
|
DIN No.: |
00214028 |
|||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||
|
Name : |
Mr. Chaitanya Ramesh Kejriwal |
|||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
|||||||||||||||||||||||||||||||
|
Address : |
1201, Saarthi, 33 K M Munshi Marg, Chowpatty Mumbai - 400007, Maharashtra, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.10.1979 |
|||||||||||||||||||||||||||||||
|
Qualification : |
Business Graduate |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.11.2001 |
|||||||||||||||||||||||||||||||
|
PAN No.: |
AEFPK2655E |
|||||||||||||||||||||||||||||||
|
DIN No.: |
00214045 |
|||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||
|
Name : |
Mrs. Anjali Ramesh Kejriwal |
|||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||
|
Address : |
1101, Saarthi, 33, K M Munshi Marg Chowpatty Mumbai - 400007, Maharashtra, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.09.1954 |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.07.2001 |
|||||||||||||||||||||||||||||||
|
DIN No.: |
00252407 |
|||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||
|
Name : |
Mr. Siddharth Ramesh Kejriwal |
|||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||
|
Address : |
1301, Saarthi, 33, K M Munshi Marg Chowpatty Mumbai - 400007, Maharashtra, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.07.1973 |
|||||||||||||||||||||||||||||||
|
Qualification : |
Management Graduate |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.04.1996 |
|||||||||||||||||||||||||||||||
|
PAN No.: |
AABPK7493A |
|||||||||||||||||||||||||||||||
|
DIN No.: |
00263780 |
|||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||
|
Name : |
Mr. Manvinder Singh Banga |
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|
Designation : |
Nominee Director |
|||||||||||||||||||||||||||||||
|
Address : |
5, Revills 45,Cuffe Parade Mumbai - 400005, Maharashtra, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
31.10.1954 |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.03.2015 |
|||||||||||||||||||||||||||||||
|
DIN No.: |
01380521 |
|||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||
|
Name : |
Mr. Vijay Kumar Gupta |
|||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||
|
Address : |
U-2, Ground Floor, Green Park Main, New Delhi 110016, India |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.07.2016 |
|||||||||||||||||||||||||||||||
|
DIN No.: |
01852295 |
|||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Manoj Nandlal Jaju |
|
Designation : |
Company Secretary |
|
Address : |
605-B, Shreenath Nagar, Ashokvan, Dahisar East, Mumbai – 400068, Maharashtra, India |
|
Date of Appointment : |
24.04.2004 |
|
PAN No.: |
AAJPJ5929N |
|
|
|
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Assistant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
62.72 |
|
Promoters – Body Corporate |
1.08 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
0.22 |
|
Public/Other than promoters - Body Corporate |
1.47 |
|
Public/Other than promoters - Foreign institutional investors |
34.51 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Folding Cartons, made from Paper and Paper Board or Poly-Propylene Sheets, Catering to Domestic and International Markets [Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel [West], Mumbai-400013, Maharashtra, India · The Hongkong and Shanghai Banking Corporation Limited 52/60, M G Road, fort, mumbai-400001, Maharashtra, India · Citi Bank N.A. Jeevan Bharti Building, 4th Floor124 Connaught Circus Connaught Place, new Delhi-110001, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution: |
· ST Helen's Nominees India Private Limited 1st Floor, Crescenzo Building, C-38/39,"G" Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra,
India |
|
PAN No.: |
ACHFS9117R |
|
|
|
|
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: |
· U.K. Packers · Siddharth Trading Co · Kejriwal & sons · Beekay Packers · Badriprasad Gulraj Kejriwal Charitable Foundation · Parksons Cartamundi Private Limited [U36912MH2010PTC207708] · Paptex Distributors LLP |
|
|
|
|
Subsidiary
company : |
Parksons Packaging CSR Foundation [U85100MH2016NPL287387] |
CAPITAL STRUCTURE
AFTER: 29.09.2017
Authorised Capital : INR 200.000 Million
Issued, Subscribed & Paid-up Capital : INR 126.901
Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12689077 |
Equity Shares |
INR 10/- each |
INR 126.891
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 |
126.891 |
126.848 |
126.783 |
|
(b) Reserves and Surplus |
2849.198 |
2323.689 |
1946.319 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.471 |
|
Total
Shareholders’ Funds (1) + (2) |
2976.089 |
2450.537 |
2073.573 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1514.273 |
826.191 |
655.436 |
|
(b) Deferred tax liabilities (Net) |
379.862 |
310.845 |
238.046 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
34.132 |
22.544 |
15.357 |
|
Total Non-current
Liabilities (3) |
1928.267 |
1159.580 |
908.839 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
302.302 |
268.059 |
383.858 |
|
(b) Trade
payables |
468.108 |
540.621 |
376.731 |
|
(c) Other
current liabilities |
878.129 |
644.099 |
434.706 |
|
(d) Short-term
provisions |
18.963 |
61.961 |
41.396 |
|
Total Current Liabilities
(4) |
1667.502 |
1514.740 |
1236.691 |
|
|
|
|
|
|
TOTAL |
6571.858 |
5124.857 |
4219.103 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4358.532 |
3192.523 |
2784.602 |
|
(ii)
Intangible Assets |
21.012 |
11.257 |
7.606 |
|
(iii) Tangible assets
capital work-in-progress |
84.170 |
30.284 |
11.976 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.500 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
217.459 |
50.134 |
21.079 |
|
(e) Other
Non-current assets |
2.025 |
1.985 |
1.959 |
|
Total Non-Current
Assets |
4683.698 |
3286.183 |
2827.222 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
523.057 |
524.040 |
363.589 |
|
(c) Trade
receivables |
1223.279 |
1178.944 |
897.944 |
|
(d) Cash and
bank balances |
29.177 |
26.782 |
20.841 |
|
(e) Short-term
loans and advances |
93.091 |
88.212 |
90.438 |
|
(f) Other
current assets |
19.556 |
20.696 |
19.069 |
|
Total
Current Assets |
1888.160 |
1838.674 |
1391.881 |
|
|
|
|
|
|
TOTAL |
6571.858 |
5124.857 |
4219.103 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
6678.996 |
5724.336 |
4759.049 |
|
|
Other Income |
2.445 |
6.025 |
22.012 |
|
|
TOTAL |
6681.441 |
5730.361 |
4781.061 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3847.880 |
3312.080 |
2758.183 |
|
|
Purchases of
Stock-in-Trade |
20.137 |
0.000 |
16.781 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(11.120) |
(10.191) |
(1.375) |
|
|
Employee benefit expense |
655.751 |
566.510 |
488.940 |
|
|
CSR expenditure |
4.781 |
1.781 |
5.428 |
|
|
Other expenses |
1056.547 |
874.677 |
725.942 |
|
|
TOTAL |
5573.976 |
4744.857 |
3993.899 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1107.465 |
985.504 |
787.162 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
133.971 |
113.270 |
104.633 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
973.494 |
872.234 |
682.529 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
322.590 |
286.689 |
224.068 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
650.904 |
585.545 |
458.461 |
|
|
|
|
|
|
|
Less |
TAX |
126.138 |
170.885 |
133.612 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
524.766 |
414.660 |
324.849 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
466.158 |
509.944 |
497.212 |
|
|
TOTAL EARNINGS |
466.158 |
509.944 |
497.212 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
270.429 |
234.571 |
211.224 |
|
|
Capital Goods |
976.154 |
516.242 |
457.242 |
|
|
TOTAL IMPORTS |
1246.583 |
750.813 |
668.466 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
41.36 |
32.69 |
25.62 |
|
|
Diluted |
41.34 |
32.66 |
25.59 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
265.167 |
367.138 |
230.851 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1060.302 |
722.774 |
702.123 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
917.022 |
593.419 |
608.080 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
66.85 |
75.17 |
68.87 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.46 |
4.86 |
5.30 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
44.17 |
59.58 |
49.55 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.12 |
1.88 |
2.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.25 |
0.30 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.52 |
0.53 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.70 |
0.60 |
0.61 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.56 |
0.62 |
0.60 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.50 |
1.32 |
1.35 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
8.27 |
8.70 |
7.52 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.86 |
7.24 |
6.83 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.99 |
8.09 |
7.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
17.63 |
16.92 |
15.67 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.13 |
1.21 |
1.13 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.82 |
0.87 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.45 |
0.48 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
16.41 |
11.52 |
10.02 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.13 |
1.21 |
1.13 |
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 |
126.783 |
126.848 |
126.891 |
|
Reserves & Surplus |
1946.319 |
2323.689 |
2849.198 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.471 |
0.000 |
0.000 |
|
Net
worth |
2073.573 |
2450.537 |
2976.089 |
|
|
|
|
|
|
Long-term borrowings |
655.436 |
826.191 |
1514.273 |
|
Short term borrowings |
383.858 |
268.059 |
302.302 |
|
Current maturities of
long-term debts |
230.851 |
367.138 |
265.167 |
|
Total
borrowings |
1270.145 |
1461.388 |
2081.742 |
|
Debt/Equity
ratio |
0.613 |
0.596 |
0.699 |
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 |
4759.049 |
5724.336 |
6678.996 |
|
|
|
20.283 |
16.677 |
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 |
4759.049 |
5724.336 |
6678.996 |
|
Profit/ (Loss) |
324.849 |
414.660 |
524.766 |
|
|
6.83
% |
7.24
% |
7.86
% |
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G78010287 |
100157123 |
STANDARD CHARTERED BANK |
12/02/2018 |
- |
- |
325000000.0 |
NARAIN MANZIL, 23, BARAKHAMBA ROAD,NEW DELHINEW DELHIDL110011IN |
|
2 |
G59618496 |
100130595 |
HDFC BANK LIMITED |
03/10/2017 |
- |
- |
120000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G55677405 |
100126560 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
11/09/2017 |
- |
- |
300000000.0 |
52/60, M G ROADFORTMUMBAIMH400001IN |
|
4 |
G48277164 |
100109327 |
ST HELEN'S NOMINEES INDIA PRIVATE LIMITED |
22/06/2017 |
- |
- |
260000000.0 |
1ST FLOOR, CRESCENZO BUILDING, C-38/39,"G" BLOCK, BANDRA KURLA COMPLEX,BANDRA (EAST)MUMBAIMA400051IN |
|
5 |
G44775260 |
100100040 |
CITI BANK N.A. |
12/04/2017 |
- |
- |
150000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR124 CONNAUGHT CIRCUS CONNAUGHT PLACENEW DELHIDL110001IN |
|
6 |
G54008784 |
100091151 |
ST HELEN'S NOMINEES INDIA PRIVATE LIMITED |
24/03/2017 |
02/09/2017 |
- |
264000000.0 |
1ST FLOOR, CRESCENZO BUILDING, C-38/39,"G" BLOCK, BANDRA KURLA COMPLEX,BANDRA (EAST)MUMBAIMA400051IN |
|
7 |
G86551629 |
100084867 |
STANDARD CHARTERED BANK |
22/02/2017 |
09/04/2018 |
- |
450000000.0 |
NARAIN MANZIL, 23, BARAKHAMBA ROAD,NEW DELHINEW DELHIDL110011IN |
|
8 |
G35350396 |
100076567 |
HDFC BANK LIMITED |
04/01/2017 |
- |
- |
150000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
G82846163 |
100064060 |
STANDARD CHARTERED BANK |
07/11/2016 |
16/03/2018 |
- |
585000000.0 |
NARAIN MANZIL, 23,BARAKHAMBA ROAD,NEW DELHIDL110001IN |
|
10 |
G10508729 |
100047364 |
CITI BANK N.A. |
11/08/2016 |
- |
- |
680000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR124 CONNAUGHT CIRCUS, CONNAUGHT PLACENEW DELHIDL110001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
99.865 |
106.689 |
|
|
|
|
|
Total |
99.865 |
106.689 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Other money for which company is contingently liable |
320.113 |
102.097 |
|
Estimated amount of contracts remaining to be
executed on capital account and not provided for |
338.919 |
215.516 |
CORPORATE INFORMATION
Parksons Packaging Limited ('the Company') is a public limited Company domiciled in India and incorporated under the provisions of the Indian Companies Act. The Company is engaged in the manufacturing of folding cartons, made from Paper and Paper Board or Poly-Propylene Sheets, catering to domestic and international markets. The Company has plants at Chakan (Maharashtra), Daman (UT),Pantnagar (Uttarakhand). Sricity (Andhra Pradesh) and Kamalpur (Assam).
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipment’s
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 67.22 |
|
UK Pound |
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RUP |
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.