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MIRA
INFORM REPORT
|
Report No. : |
510853 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
COSMOS PRINTPACK LLP |
|
|
|
|
Registered
Office : |
B/1/1205 , 12th Floor , Palladium, Near Orchid Wood, Corporate Road, Makarba, Ahmedabad – 380015, Gujarat |
|
Mobile No.: |
91-9723381814 (Mr. Mehul) |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
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Date of
Incorporation : |
03.02.2017 |
|
|
|
|
Total Obligation
: |
INR 5.690 Million |
|
|
|
|
LLPIN No.: |
AAI-4479 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
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|
|
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TIN No.: |
Not Divulged |
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|
|
Legal Form : |
Limited Liability Partnership |
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Line of Business
: |
Manufacturer, Dealer, Importer and Exporter of all kinds of packaging containers including cartons, corrugated packing articles, boxes and cases made from paper, board, wood, glass and other packing material. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
NB |
|
Credit Rating |
Explanation |
Rating Comments |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
Status : |
New business |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is a limited liability partnership concern established on 3rd February 2017 and it is engaged as manufacturer, dealer, importer and exporter of all kinds of packaging containers including cartons, corrugated packing articles, boxes and cases made from paper, board, wood, glass and other packing material. As per the financial record of March 2017, the concern has incurred pre operating loss due to some fixed expenses. Rating takes into account its newly established concern. Payment seems to be unknown. In the view of subject’s infancy, extensive payment and financial records are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable. Note 1: The financials available are of 2 months. Note 2: As per Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2018 but documents related to financial for the year 31.03.2018 are not available from any sources. |
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 28.05.2018
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.
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. Mehul |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9723381814 |
|
Date : |
23.05.2018 |
LOCATIONS
|
Registered
Office: |
B/1/1205 , 12th Floor , Palladium, Near Orchid Wood, Corporate Road, Makarba, Ahmedabad – 380015, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9723381814 (Mr. Mehul) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
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Branch Office: |
Block No. 99/A, Chancharwadi Road, Vasna Village, Changodhar, Ahmedabad - 382213, Gujarat, India |
PARTNERS
As on 31.03.2017
|
Name : |
Mr. Pareshkumar Narshibhai Malvi |
|
Designation : |
Designated Partner |
|
Address : |
Shrampunji, Vimalnagar University Road,
Rajkot – 360005, Gujarat, India |
|
Date of Appointment : |
03.02.2017 |
|
DPIN No.: |
07500843 |
|
|
|
|
Name : |
Mr. Jaydeep Rameshbhai Tank |
|
Designation : |
Designated Partner |
|
Address : |
51, Alayvatika Behind, Jayvijay Hostel,
150ft Ring Road, Rajkot 360004, Gujarat, India |
|
Date of Appointment : |
03.02.2017 |
|
DPIN No.: |
07500845 |
|
|
|
|
Name : |
Mr. Mukesh Labhshankar Shilu |
|
Designation : |
Designated Partner |
|
Address : |
71-E, Orchid White Field, Near Makarba
Railway Crossing, Ahmedabad -380051, Gujarat, India |
|
Date of Appointment : |
03.02.2017 |
|
DPIN No.: |
07705986 |
|
|
|
|
Name : |
Mr. Ramshankar Parshotambhai Mehta |
|
Designation : |
Designated Partner |
|
Address : |
01, Nandanvan Residency, Mavdi, Rajkot-
360004, Gujarat, India |
|
Date of Appointment : |
03.02.2017 |
|
DPIN No.: |
07706006 |
|
|
|
|
Name : |
Mr. Kishan Lakhmanbhai Odedara |
|
Designation : |
Designated Partner |
|
Address : |
107, Vadivistar, Village- Billeshwar, Ta.
Ranavav Porbandar - 360550, Gujarat, India |
|
Date of Appointment : |
03.02.2017 |
|
DPIN No.: |
07712798 |
|
|
|
|
Name : |
Mr. Nitin Chandubhai Gohel |
|
Designation : |
Designated Partner |
|
Address : |
Chamunda Krupa, Udaynagar-2, Street No. 7,
Mavdi Main Road Rajkot- 360004, Gujarat, India |
|
Date of Appointment : |
03.02.2017 |
|
DPIN No.: |
07712823 |
|
|
|
|
Name : |
Moridhara Shailendra Mansukhbhai |
|
Designation : |
Designated Partner |
|
Address : |
Shivashray, Madhav Park-3, Street No. 2,
Behind Jayvijay Chhatralay, 150 Ft Ring Road Rajkot 360004, Gujarat, India |
|
Date of Appointment : |
03.02.2017 |
|
DPIN No.: |
07712828 |
|
|
|
|
Name : |
Dhansukhray Govindji Mehta |
|
Designation : |
Designated Partner |
TOTAL OBLIGATION OF
CONTRIBUTION OF PARTNERS
As on 31.03.2017
|
Names of Persons |
INR In Million |
|
Dhansukhray Govindji Mehta |
0.325 |
|
Shailendra Mansukhbhai Moridhara |
0.050 |
|
Nitin Chandubhai Gohel |
0.050 |
|
Kishan Lakhmanbhai Odedara |
0.325 |
|
Ramshankar Parshotambhai Mehta |
0.825 |
|
Mukesh Labhshankar Shilu |
0.825 |
|
Jaydeep Rameshbhai Tank |
0.050 |
|
Pareshkumar Narshibhai Malvi |
0.050 |
|
Total |
2.500 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Dealer, Importer and Exporter of all kinds of packaging containers including cartons, corrugated packing articles, boxes and cases made from paper, board, wood, glass and other packing material. (Registered Activity) |
|
|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Minesh Mehta and Company Chartered Accountants |
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Address : |
Ahmedabad, Gujarat, India |
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Memberships No.: |
121675 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2017
PARTNERS CAPITAL
|
Particular |
31.03.2017 (INR in million
) |
|
Dhansukhray Govindji Mehta |
0.000 |
|
Jaydeep Rameshbhai Tank |
0.000 |
|
|
|
|
Kishan Odedara |
|
|
Credit |
|
|
Opening Balance |
1.675 |
|
|
|
|
Mukesh Shilu |
|
|
Credit |
|
|
Opening Balance |
1.502 |
|
|
|
|
Ramshankar Mehta |
|
|
Credit |
|
|
Opening Balance |
0.013 |
|
Total
|
3.190 |
PARTNERS FIXED CAPITAL
|
Particular |
31.03.2017 (INR in million) |
|
Dhansukhray Govindji Mehta |
0.325 |
|
Jaydeep Rameshbhai Tank |
0.050 |
|
Kishan Lakhmanbhai Odedara |
0.325 |
|
Mukesh Labhshankar Shilu |
0.825 |
|
Pareshkumar Narshibhai Malvi |
0.050 |
|
Nitin Chandubhai Gohel |
0.050 |
|
Ramshankar Parshotambhai Mehta |
0.825 |
|
Shailendra Mansukhbhai Moridhara |
0.050 |
|
Total
|
2.500 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Capital accounts |
|
|
5.690 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.400) |
|
|
NETWORTH |
|
|
5.290 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
10.809 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
10.809 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
16.099 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.576 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
0.002
|
|
|
Cash & Bank Balances |
|
|
1.472
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
14.083
|
|
Total
Current Assets |
|
|
15.557
|
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.032
|
|
|
Other Current Liabilities and Provisions |
|
|
0.002
|
|
Total
Current Liabilities |
|
|
0.034
|
|
|
Net Current Assets |
|
|
15.523
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
16.099 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
0.000 |
|
|
Other Income |
|
|
0.000 |
|
|
TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
|
|
|
Administrative and
Selling Expenses |
|
|
0.398 |
|
|
Other expenses |
|
|
0.001 |
|
|
TOTAL |
|
|
0.399 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
(0.399) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
0.002 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
(0.401) |
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
(0.401) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
|
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
|
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
|
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
|
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
|
(0.69) |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
|
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
|
2.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
|
0.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
|
0.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
|
(199.50) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
31.03.2017 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
|
(2.48) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
|
(7.56) |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
|
457.56 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
|
457.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
|
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
|
1.90 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
|
457.56 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
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 |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
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 |
No |
|
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 |
No |
|
26] |
Turnover of firm for last about 2 months |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last about 2 months |
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 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
M04702742 |
100115929 |
THE KARUR VYSYA BANK LIMITED |
31/03/2017 |
- |
- |
18800000.0 |
SHOP NO. 3 SHILP ARCADE COMPLEX NR. JODHPUR CROSS ROAD, SATELLITE AHMEDABAD - 380015 GUJARAT INDIA |
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 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 67.52 |
|
|
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
NO |
|
--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.