MIRA
INFORM REPORT
|
Report Date : |
7TH
June, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
ANAR
CHEMICAL INDUSTRIES – unit of ANAR CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
“Sanskrut”
3rd Floor,Old High Court, Ashram Road, Ahmedabad – 380009, Gujarat |
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|
|
Country : |
India |
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|
|
|
Financials (as on) : |
31.03.2005 |
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|
|
|
Date of Incorporation : |
1979 |
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|
|
|
Com. Reg. No.: |
04-3105 |
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|
|
|
CIN No.: [Company
Identification No.] |
U24231GJ1978PTC003105 |
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|
|
|
IEC No.: |
0888006381 |
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|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
AHMA00607F |
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|
|
|
PAN No.: [Permanent
Account No.] |
AABCA2795G |
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|
|
|
Legal Form : |
Private
Limited Liability Company |
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|
|
|
Line of Business : |
Manufacturer,
Exporter and Importer of Naphthols, Acid Dyes, Direct Dyes (Non - Ben),
Liquid Solvent Dyes, Metal Phthalocyanines and Additives, Intermediates |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD
50000 |
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|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Usually
Correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject
is a well – established company having satisfactory track. Trade relations
are fair. General financial position is satisfactory. Payments are usually correct
and as per commitments. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
“Sanskrut”
3rd Floor,Old High Court, Ashram Road, Ahmedabad – 380009, Gujarat |
|
Tel. No.: |
91-79-26581494/26585579 |
|
Fax No.: |
91-79-26589954 |
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E-Mail : |
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|
Website : |
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|
Area : |
2110
Sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory
1 : |
Plot Nos. 12 & 14 GIDC Estate, Phase -
I, Vatva, Ahmedabad, Gujarat - 382445. |
|
Tel.
No.: |
91-79-25830208/0209/25831658 |
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Fax
No.: |
91-79-25831516 |
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E-Mail
: |
|
|
Area : |
121840
Sq. ft |
|
Location : |
Leased
|
|
|
|
|
Branches
: |
381/A,
Narottam Wadi, 3rd Floor, Kalbadevi Road, Mumbai – 400002 |
|
Tel.
No.: |
91-22-22058216 |
|
Fax
No.: |
91-22-22058218 |
|
E-Mail
: |
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|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr.
Ajay Choksi |
|
Designation : |
Director
|
|
Address : |
Sanjay,
8 Lallubhai Park, Navrangpura, Ahmedabad - 380009 |
|
Date of Birth/Age : |
50
Years |
|
Qualification : |
B.E.
Chemical Engineer |
|
Experience : |
26
Years |
|
|
|
|
Name : |
Mr.
Sanjay Choksi |
|
Designation : |
Director
|
|
Address : |
Sanjay,
8 Lallubhai Park, Navrangpura, Ahmedabad - 380009 |
|
Date of Birth/Age : |
41
Years |
|
Qualification : |
B. Com
|
|
Experience : |
14
Years |
|
|
|
|
Name : |
Dr. C
Mahalingam |
|
Designation : |
Director
|
|
Address : |
1-203,
Abhilasha Apartments, Satellite, Ahmedabad |
|
Date of Birth/Age : |
54
Years |
|
Qualification : |
PhD |
|
Experience : |
28
Years |
|
|
|
|
Name : |
Ms.
Priti Ajay Choksi |
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Designation : |
Director
|
|
|
|
|
Name : |
Ms.
Shilpa Sanjay Choksi |
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Designation : |
Director
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Exporter and Importer of Naphthols, Acid Dyes, Direct Dyes (Non - Ben),
Liquid Solvent Dyes, Metal Phthalocyanines and Additives, Intermediates |
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Products : |
v
Pigments
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Exports to : |
South
East Asia, Europe, Germany, USA |
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Imports from : |
China,
Europe, Switzerland, China |
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Terms : |
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Selling : |
Credit
(30 to 60 days) |
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Purchasing : |
Credit
(30,60 to 90 days) |
PRODUCTION
STATUS
|
Particulars |
Unit |
|
Installed Capacity |
Actual Production |
|
Solvent Dyes |
M.T. |
|
250 |
230 |
|
Phthalocynine |
M.T. |
|
210 |
69 |
|
Green 7 |
M.T. |
|
150 |
13 |
|
AZO Dyes |
M.T. |
|
240 |
27 |
GENERAL
INFORMATION
|
Customers : |
Wholesalers
and End Users |
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|
|
No. of Employees : |
68 |
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|
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|
Bankers : |
Bank Of Baroda, Vallabh Sadan,
Opposite. Natraj Cinema, Ashram Road Branch, Ahmedabad - 380 009 State
Bank of India, Overseas Branch, 3rd
Floor, Amrit Jayanti Bhavan, |
|
|
|
|
Facilities : |
Secured
Loan Cash
Credit – Rs. 10.341 Millions Secured
by equitable mortgage of fixed assets, hypothecation of machineries, raw
materials, work in process, finished goods and stores and future secured by
hypothecation on all present and future book debts of the company. |
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|
|
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Banking Relations : |
Satisfactory
|
|
|
|
|
Auditors : |
M/s. C. C. Chokshi & Company Chartered
Accountant |
|
Address: |
Heritage, 3rd Floor, Near Gujarat Vidyapith, Office Ashram
Road, Ahmedabad – 380014 Deloitte Haskins & Sells,
Devpath, 7th Floor, B/h. Navrangpura Telephone Ex., Off C.G.Road,
Ellisbridge, Ahmedabad - 380 006. |
|
Tel. No.: |
91-79-27582542/27582543 |
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Fax No.: |
91-79-27582551 |
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|
|
|
Associates/Subsidiaries : |
Anar
International Private Limited “Sanskrut”
3rd Floor,Old High Court, Ashram Road, Ahmedabad – 380009, Gujarat Line
of Business – Merchant Export |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
50,000 |
Equity
Shares |
Rs. 100/- Each |
Rs. 5.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
30,191 |
Equity
Shares |
Rs. 100/- Each |
Rs. 3.019 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
3.019 |
3.019 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
9.260 |
10.429 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
12.279 |
13.448 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
10.341 |
6.970 |
|
|
2] Unsecured Loans |
|
28.000 |
26.496 |
|
|
TOTAL BORROWING |
|
38.341 |
33.466 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
50.620 |
46.914 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
14.329 |
16.633 |
|
|
Capital work-in-progress |
|
0.086 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.011 |
0.011 |
|
|
DEFERREX TAX ASSETS |
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
21.517 |
31.461 |
|
|
Sundry Debtors |
|
21.799 |
12.927 |
|
|
Cash & Bank Balances |
|
0.300 |
1.751 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
2.758 |
4.066 |
|
Total Current Assets |
|
46.374 |
50.205 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
9.332 |
18.955 |
|
|
Provisions |
|
0.848 |
0.980 |
|
Total Current Liabilities |
|
10.180 |
19.935 |
|
|
Net Current Assets |
|
36.194 |
30.270 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
50.620 |
46.914 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
|
Sales Turnover [including other income] |
|
94.008 |
91.544 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
|
(1.169) |
(3.594) |
|
Provision
for Taxation |
|
0.000 |
0.000 |
|
Profit/(Loss)
After Tax |
|
(1.169) |
(3.594) |
|
|
|
|
|
|
Export
Value |
|
76.332 |
62.175 |
|
|
|
|
|
|
Import
Value |
|
7.876 |
15.478 |
|
|
|
|
|
|
Total
Expenditure |
|
95.176 |
95.138 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
|
(1.24) |
(3.92) |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
|
(1.22) |
(4.20) |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
|
(1.92) |
(5.37) |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
|
(0.09) |
(0.26) |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
|
3.95 |
3.97 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
|
4.55 |
2.51 |
LOCAL AGENCY
FURTHER INFORMATION
History
They are a 26 year old company established
since July 2004 as a 100% EOU. They are ISO 9001:2000 and ISO 14001:2004 certified by
British Standards Instituted since October 2004.They have tie – ups with strong
foreign Cos. In different product areas and have been in export since 1987.
They have totally revamped their product portfolio in the last 3-5 years due to
which considerable restructuring had to be done and are now in a stronger
position due to their new products and opportunities available.
Operation
The company
registered a total turnover of Rs. 96.989 during the year as compared to Rs.
93.882 during the previous year. The export sales amounted to Rs. 76.332 (P. Y.
Rs. 62.095)
The production
at 39 tons is higher by 26 tons than the previous year 313 tons. The year
2004-2005 was a turnaround year for the company after the difficulties faced in
the previous year 2003-2004. The company continued its efforts to developed new
and improved products and hence, sales of products introduced in the previous
year was 56% of total net sales in 2004-2005 as compared to 54% of total net
sales 2003-2004
Future
Outlook
As a result of all the initiatives taken by the company to future improved the products mix and attract new customers, turnover in 2005-2006 is expected to increased by ateast 15% over the previous year. Also the production of sales from new products is expected to go up future. It is expected that the Company. Shall make net profit during financial year 2005-2006.
Trade
References
v
Chemetak
v
Dystar,
Sun Chemical
v
Hubei
Chuyuan Imp. & Exp. Limited
v
Sasol
v
Dottikon
Exclusive Synthesis AG
v
Sinochem
Jiangsu Corporation
v
Atul
Products Limited, Valsad
v
Remik
Trading Company, Ahmedabad
v
Thirumalai
Chemicals Limited, Chennai
v
Clariant
Chemicals Limited, Mumbai
v
Alkyl
Amines Limited, Mumbai
v
Deepak
Nitrite Limited, Vadodara
Fixed
Assets
v
Leasehold
Land
v
Building
v
Plant
& Machinery
v
Pipe
Fitting
v
Electric
Installation
v
Furniture
& Fixture
v
Vehicles
As per
website Details
About Us :
Anar's Vision is
to be a global niche player in their industry. We believe in
Augmenting their Customer's
Satisfaction by Innovation and Service.
Profitable and sustainable growth by
creating value for us and their customers.
Being Responsible to the Environment
by minimizing their consumption of natural resources and using environment friendly processes.
To achieve their vision, Anar
Chemical Industries has internalized 8 Values to live by.
They include:
·
Passion
for Excellence,
·
Integrity
·
Accountability
·
Teamwork
·
Leadership
·
Loyalty
History:
In 1980 after 3 decades as wholesale
textile merchants, the Choksi Family decided to diversify into the manufacture
of color chemicals. Extensive research had recommended two products – Naphthols
and Bon Acid. Hence Anar Chemical Industries was born.
As a results of the quick strides the company made, the range of products was
augmented over the years to include Metal Phthalocyanines, Phthalocyanine Green
Pigment and Non-Benzidine Acid/Direct Dyes, and Liquid Petroleum dyes, and side
by side, a trading range of dyes and pigments was also developed in order to
better serve the needs of customers and a strategy also formulated to give
emphasis to international business. And hence Anar International was born.
Anar Chemical Industries ( ACI ) is the manufacturing company certified under
both ISO 9001:2000 and ISO 14001:1996 for development, manufacture and sale of
Dyes, Pigments, Intermediates and related Speciality Chemicals. Anar
International Pvt Ltd (AI) is the marketing company certified under ISO
9001:2000 for overseas marketing of such products.
Today their products go to all the major continents - The
Americas, Europe, Australia, Asia etc.
Infrastructure:
Total Factory Area:
·
10,000
Sq. Mtrs Covered area
·
3,600
Sq. Mtrs. Uncovered area
Human Resources:
·
Support
Services - 50
·
Technical
- 24
·
Managerial
- 4
·
Administrative
- 9
Top Management:
·
Mr.
Ajay N. Choksi
·
Mr.
Sanjay N. Choksi
Products:
Anar is one of the leading
colorants supplier to industry.
Anar continues its tradition as a progressive and responsible supplier of
innovative new products. It is one of very few dyestuff suppliers who focus on
using the latest technical development to bring top desk quality to serve
various industries.
Liquid Solvent Dyes:
|
CI NAME |
CI NUMBER |
CAS NUMBER |
|
|
|
|
|
Solvent Blue 79 |
|
64553-79-3 |
|
Solvent Red 161 |
|
85750-13-6 |
|
Solvent Yellow
124 |
|
34432-92-3 |
|
Solvent Green 33 |
|
106716-57-8 |
|
Solvent Yellow
174 |
|
115340-73-3 |
|
Solvent Red 164 |
|
71819-51-7 |
|
Solvent Blue 98 |
|
74499-36-8 |
|
Solvent Yellow
107 |
21140 |
67990-27-6 |
|
Solvent Orange 98 |
|
29120-28-1 |
|
Solvent Red 19 |
|
56358-09-9 |
|
Solvent Red 19E |
26050 |
6368-72-5 |
|
Solvent Violet 44 |
|
42887-23-0 |
Solvent Liquid Dyes - Mixture Product list :
|
Sr. No. |
Product Name
|
|
|
|
|
1 |
Purple RS - 85 |
|
2 |
Green G 75 |
|
3 |
Green M |
|
4 |
Bronze M |
|
5 |
Purple M |
|
6 |
Red G |
|
7 |
Green G 65 |
|
8 |
Green 5000 |
|
9 |
Blue 2189 |
|
10 |
Violet |
|
11 |
Orange M |
|
12 |
Oil Red 19 |
|
13 |
Black TW 60 |
|
14 |
Yellow MK |
|
15 |
Orange R |
|
16 |
Purple R |
|
17 |
Black H |
|
18 |
Brown M |
Pigments:
|
C.I. NAME |
C.I. |
CAS |
|
|
|
|
|
PIGMENT YELLOW |
|
|
|
|
|
|
|
PIGMENT YELLOW 13 |
21100 |
5102-83-0 |
|
PIGMENT YELLOW 14 |
21095 |
5468-75-7 |
|
PIGMENT YELLOW 83 |
21108 |
5567-15-7 |
|
PIGMENT YELLOW 191:1 |
|
|
|
|
|
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|
PIGMENT ORANGE |
|
|
|
|
|
|
|
PIGMENT ORANGE 5 |
12075 |
3468-63-1 |
|
PIGMENT ORANGE 34 |
21115 |
15793-73-4 |
|
|
|
|
|
PIGMENT RED |
|
|
|
|
|
|
|
PIGMENT RED 2 |
12310 |
6041-94-7 |
|
PIGMENT RED 3 |
12120 |
2425-85-6 |
|
PIGMENT RED 4 |
12085 |
2814-77-9 |
|
PIGMENT RED 53-1 |
15585-1 |
|
|
PIGMENT RED 57-1 |
15850-1 |
|
|
PIGMENT RED 112 |
12370 |
6535-46-2 |
|
PIGMENT RED 170 |
12475 |
2786-76-7 |
|
PIGMENT RED 146 |
|
|
|
|
|
|
|
PIGMENT VIOLET |
|
|
|
|
|
|
|
PIGMENT VIOLET 23 |
51319 |
6358-30-1 |
|
|
|
|
|
PIGMENT BLUE |
|
|
|
|
|
|
|
PIGMENT BLUE 15 |
74160 |
147-14-8 |
|
PIGMENT BLUE 15.1 |
74160 |
147-14-8 |
|
PIGMENT BLUE 15.3 |
74160 |
147-14-8 |
|
|
|
|
|
PIGMENT GREEN |
|
|
|
|
|
|
|
PIGMENT
GREEN 7 |
74260 |
1328-53-6 |
Naphthols:
|
GENERIC NAME |
CI NAME
|
CI NUMBER |
CAS |
|
|
|
|
|
|
NAPHTHOL AS-CL |
AZOIC COUPLING
COMPONENT 34 |
37531 |
137-52-0 |
|
NAPHTHOL TR-23 |
AZOIC COUPLING
COMPONENT 20 |
|
|
Acid Dyes:
|
CI NAME |
CI NUMBER |
CAS |
|
|
|
|
|
ACID
BROWN |
|
|
|
|
|
|
|
ACID BROWN 83 |
20250 |
6408 - 03 - 03 |
|
|
|
|
|
ACID
RED |
|
|
|
|
|
|
|
ACID RED 1 |
18050 |
3734-67-6 |
|
ACID RED 88 |
15620 |
1358-56-6 |
|
ACID RED 97 |
22890 |
10169-02-5 |
|
ACID RED 131 |
|
|
|
|
|
|
|
ACID
ORANGE |
|
|
|
|
|
|
|
ACID ORANGE
61 |
|
|
|
ACID ORANGE
67 |
14172 |
12220-6-3 |
|
ACID ORANGE
74 |
18745 |
10127-27-2 |
|
ACID ORANGE
116 |
|
12220-10-9 |
|
ACID ORANGE
142 |
|
61901-39-1 |
|
|
|
|
|
ACID
GREEN |
|
|
|
|
|
|
|
ACID GREEN 68 |
|
61901-32-4 |
|
ACID GREEN 111 |
|
58419-36-6 |
|
|
|
|
|
ACID
YELLOW |
|
|
|
|
|
|
|
ACID YELLOW 23 |
19140 |
1934-21-0 |
|
ACID YELLOW 25 |
|
|
|
ACID YELLOW 36 |
13065 |
587-98-4 |
|
ACID YELLOW 159 |
|
|
|
ACID YELLOW 204 |
|
61814-53-7 |
|
|
|
|
|
|
|
|
|
ACID
BLUE |
|
|
|
|
|
|
|
ACID BLUE 9 |
42090 |
3486-30-4 |
|
|
|
|
|
ACID
VIOLET |
|
|
|
|
|
|
|
ACID VIOLET 17 |
42650 |
4129-84-4 |
Direct Dyes:
|
CI NAME |
CI NUMBER |
CAS NUMBER |
|
DIRECT BLUE |
|
|
|
|
|
|
|
DIRECT BLUE 86 |
74180 |
1330-38-7 |
|
DIRECT BLUE 199 |
74120 |
|
|
DIRECT BLUE 2R |
|
|
|
|
|
|
|
DIRECT BLACK |
|
|
|
|
|
|
|
DIRECT BLACK 165 |
|
|
|
DIRECT BLACK 168 * AF |
30410 |
83046-38-2 |
|
|
|
|
|
DIRECT GREEN |
|
|
|
|
|
|
|
DIRECT GREEN 26 |
34045 |
6388-26-7 |
|
DIRECT GREEN 89 |
|
|
|
DIRECT GREEN 92 |
|
83929-82-2 |
|
DIRECT GREEN 96 |
|
|
|
|
|
|
|
DIRECT RED |
|
|
|
|
|
|
|
DIRECT RED 16 |
27680 |
|
|
DIRECT RED 24 |
29185 |
6420-44-5 |
|
DIRECT RED 72 |
29200 |
|
|
DIRECT RED 81 |
28160 |
|
|
DIRECT RED 83 |
|
|
|
DIRECT RED 111 |
40290 |
90880-77-6 |
|
DIRECT RED 236 |
|
|
|
DIRECT RED 239 |
|
|
|
|
|
|
|
DIRECT YELLOW |
|
|
|
|
|
|
|
DIRECT YELLOW 11 |
40000 |
|
|
|
|
|
Liquid Dyes
DIRECT DYES
|
Application
|
C I Name
|
|
|
|
|
|
|
|
D.YELLOW 11 |
Paper |
|
40000 |
|
D.YELLOW 147 |
Paper |
|
|
|
D.ORANGE 15 |
Paper |
|
|
|
D.ORANGE 102 |
Paper |
|
29156 |
|
D.ORANGE 102 |
Paper |
|
|
|
D.ORANGE 118 |
Paper |
|
|
|
D.RED 80 |
Paper |
|
35780 |
|
D.RED 81 |
Paper |
|
28160 |
|
D.RED 239 |
Paper |
|
|
|
D.RED 254 |
Paper |
|
|
|
D.BLUE 86 |
Paper |
|
74180 |
|
D.BLUE 199 |
Paper |
Ink |
74190 |
|
D.BLUE 2R |
Paper |
|
|
|
D.BLACK 19 |
Paper |
Ink |
35255 |
|
D.BLACK 168 |
Paper |
Ink |
|
|
D.BROWN F2 |
Paper |
|
|
|
D.BROWN RN |
Paper |
|
|
|
D. VIOLET 35 |
Paper |
|
27915 |
|
D.VIOLET 51 |
Paper |
|
27905 |
|
|
|
|
|
|
ACID DYES |
|
|
|
|
|
|
|
|
|
A.YELLOW 23 |
Paper |
|
19140 |
|
A.YELLOW 36 |
Paper |
|
13065 |
Textiles:
Anar's products, methods and services are constantly being
reviewed. If better methods are available to protect the environment and
improve safety and health and if they are economically viable, we will
implement them.
Anar is one of the leading manufacturers of textile dyes and offers
comprehensive ranges for all segments of the modern textile finishing industry.
The commercial marketing of their dyes is one side of their business. Research
with particular view to economy and ecology, development of new products and
optimum application methods as well as a comprehensive customer service are the
other.
NAME OF PRODUCTS
NICKEL PHTHALOCYANINE
Research & Development:
Anar has always placed stress on in-house development of new
products in their lines of manufacture as well as for improved quality and
performance of existing products and processes.
For this we have dedicated staff who have major achievements
to their credit including pioneering development of new Naphthols, Speciality
Metal Phthalocyanines, Specialty chemicals and new amine-free dyes complying
with the stringent German Ordinance. Their R&D efforts are aided by a well
- stocked Library and membership of STN International, equipments like HPLC,
colour matching computer, UV-VIS spectrophotometer, lab autoclave,
multi-stirrer, lab chlorination unit and pilot plant etc.
Corporate Citizenship:
Concern
for health, safety and environment is an integral part of Anar's business
policy.
In addition to compliance with regulatory requirements, we pursue the following
objectives in close cooperation with their distributors, customers and
suppliers.
Health
Anar seeks to conduct its activities in such a way as to prevent harm to and
promote the health of its employees.
As a Company policy, Anar does not produce any products, which are hazardous to
the health of its people.
Safety
Anar
strives to prevent any injuries at work for its employees.
The
Company's safety committee meets regularly to provide updates on safety issues,
conduct rehearsals of safety procedures and onsite emergency action plan and
training programs on safety related issues.
Regular
medical checkup of production personnel is carried out by reputed outside
doctors.
Environment
Anar
protects the environment by preventing or minimizing the environmental impact of
its activities and products through appropriate design, manufacturing,
distribution, use, and disposal practices.
Anar has modern pollution treatment facilities and operates within the
parameters laid down by the local authorities. In line with its policy of
continual improvement, Environment Management Programs (EMPs) are in place,
which are monitored to bring about reduction in waste, in pollution and in
energy costs with consequent benefits to the environment and to Anar.
What's New:
As a
result of their continuous efforts to reinvent ourselves, they have some
exciting new products on hand or in the pipeline at an advanced stage of
implementation.
·
SPECIALITY
METAL PHTHALOCYANINES
·
SPECIALITY
CHEMICALS FOR NOVEL APPLICATIONS
·
SPECIALITY
ACID AND DIRECT DYES
·
LIQUID
DYES FOR LEATHER, PAPER, PETROLEUM & INK
We
are proud to announce that ANAR Celebrated its Silver Jubilee on 2nd January
2005 !
Quality:
Anar
Chemical Industries and Anar International (henceforth together also referred
to as the Company) design develop, manufacture, market, sell : Dyes, Pigments,
Intermediates and related Specialty Chemicals for Domestic and International
Markets. Being aware about the importance of their QMS & EMS and about the
fact that their activities and products have impacts on the environment, they,
A/MGM and Employees are committed to – Comply with requirements of and
continually improve the effectiveness of QMS, Continual improvement and
prevention of pollution, Comply with relevant Environmental legislations and
regulations. On Year to Year basis, they intend to set –
Their
Quality objectives in some of the following areas leading to customer
satisfaction.
Areas for Quality Objectives :
Continual Reduction in – cycle time of processes, time for responses to
customers, rejection, downtime of the plant.
Continual
Improvement in – Quality of Identification of customer requirements, quality of
specs for purchased products, relations with suppliers for inventory control
and just in time procurement, yields, on time delivery, designs of processes
and products.
Their
Environmental Objectives and targets in some of the following areas,
Areas
for Environmental Objectives and Targets :
Continual
reduction in – Pollution levels, resource consumption, use of hazardous and
non-biodegradable materials, wastages.
Continual
improvement in – house keeping, safety levels and are committed to review them
periodically. This policy statement is displayed at various places in their
organisation for the benefit of all stakeholders. Through training programs and
practice, their people are made to understand the meaning of this policy
statement.
They
are also committed to review periodically this policy for its continual
suitability.
This is
ensured:
By instituting the Quality Management System, complying with ISO 9001 Standard
and Environment Management System, complying with ISO 14001 Standard
By
Complying with applicable Environmental, Health and Safety Regulations by
Improvements in Environment and by meeting expectations of Stakeholders.
Through
training of their employees and involving them in Continuous Improvement of
their products, Processes and Environment.
They at Anar Chemical Industries and Anar International shall make all efforts
to implement this policy.
Quality Planning :
A business cycle
( customer to customer ) is broadly defined through following steps,
|
Steps |
Organization / dept Responsible |
|
Business
Potential |
Customer
( Start of Cycle ) |
|
Identification
- Tendering - Acquisition |
Marketing
and Sales MGM of ACI + AI |
|
Tech.
Support during Tendering and Acquisition |
R
& D MGM ( ACI ) |
|
Scheduling |
Marketing
and Sales MGM ( for trading activities AI ) |
|
Technical
Processing |
R
& D MGM ( ACI ) |
|
Procurement |
Purchase
( ACI ) for manufactured items; |
|
Incoming
Inspection |
QA MGM
( ACI ); |
|
Storage |
MM (
for internally used items ) ACI |
|
Manufacturing |
Plant
MGM ( ACI ) |
|
In-process
Inspection |
Plant
Chemists ( ACI ) |
|
Final
Testing |
QA MGM
( ACI ) |
|
Packing |
Material
sub-supplier ( for trading activities ) |
|
Dispatch |
Concerned
Marketing and Sales Management |
|
Receipt
of Goods |
Customer
( End of Cycle ) |
A
careful Quality planning is carried out at every step mentioned above covering
the following minimum aspects as applicable.
- Plan preparation - ( in the from
of Quality Assurance plan )
- Identification and acquisition of
required resources
- Ensuring the compatibility of various
procedures and relevant documents
- Updating the various techniques
- Timely identification of measurement
- Identification for verification of the
product at appropriate stages
- Establishing the acceptance of the
product at appropriate stages
- Identification of quality records.
Details
of our ISO registrations can be accessed at www.bsi.org
We are members of :
- The Society of Dyers and
Colorists, U.K.
- Ahmedabad Management
Association, Ahmedabad.
- The Dyestuffs Manufacturers'
Association of India, Mumbai.
- Gujarat Chamber of Commerce
and Industry, Ahmedabad.
- Federation of Indian Export
Organizations, New Delhi.
v
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
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.45.93 |
|
UK Pound |
1 |
Rs.85.32 |
|
Euro |
1 |
Rs.58.75 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
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 |
|
TOTAL |
|
46 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |