Attachment 1
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Report
Update On |
25th October, 2000 |
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Report on |
ANSHUL AGENCIES |
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Registered Office |
112 Mittal Chambers, 228 Backbay Reclamation, Nariman Point, Mumbai –
400 021, INDIA |
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Tel. No. |
91-22-2021569 / 2851219 |
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Fax No. |
91-22-2826518 |
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E-Mail |
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Website |
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Telex |
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Attachment 2
SUMMARY
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Incorporated |
1978 |
Status |
Satisfactory |
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Registration No. |
-- |
Chief Executive |
Mr. Ashok Israni |
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Capital (Rs.) |
1.5 millions |
Payments |
Regular |
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Sales (Rs.) |
300.0 millions |
Litigation |
-- |
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Net Worth (Rs.) |
-- |
Banking Reputation |
Satisfactory |
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No. of Employees |
15 |
Auditors |
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Credit Rating |
Ba (See attachment 3) |
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INDUSTRY
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FACTORY
Not applicable
BRANCH
Goregaon, Mumbai – 400 063, India
Tel. No. 91-22-8720798
HISTORY
Subject was established in the year 1978 at Mumbai in Maharashtra as a Partnership concern.
LEGAL FORM
It is a Partnership Concern with Unlimited Liability of the partners.
PARTNERS
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Mr. Ashok Israni |
Partner |
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Mr. Ashwin Shroff |
Partner (Managing Director of Excel Industries
Limited) |
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Mr. K. Nagarajan |
Manager |
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Mr. Ramesh Poduval |
Customer Service Department |
BUSINESS
The concern acts as Indenting Agents and Importer of speciality chemicals for pharmaceuticals, agro and beverage industry.
The concern hold the following agencies :
K International Speciality Products, USA
K Kruemer & Martin, Germany
K Cusmotech International, France
Subject imports speciality chemicals from France and USA against L/C terms.
The concern’s major customers are wholesalers.
The concern is in trade terms with:
K Dr. Reddy’s Laboratories Limited, Hyderabad, Andhra Pradesh State, India
K Pfizer Limited, Mumbai, Maharashtra State, India
K Wockhardt Limited, Mumbai, Maharashtra State, India
K EID Parry, Chennai, Tamil Nadu State, India
K Hindustan Pesticides Limited, Mumbai, Maharashtra State, India
K UB Limited, Bangalore, Karnataka State, India
K Hindustan Petroleum Corporation Limited, Mumbai, Maharashtra State, India
K Madras Refineries Limited, Chennai, Tamil Nadu State, India
The concern operates from caption owned office premises of area admeasuring 1200 sq.fts.
The concern employs 15 persons in its’ set up.
SISTER CONCERNS
Nil
MEMBERSHIPS
K Basic Chemicals Pharmaceuticals & Export Promotion Council
BANKERS
K Bank of India
M. G. Road, Fort, Mumbai – 400 023, INDIA
[The concern is reported to enjoy substantial facilities from its
banker – banking relations are reported as satisfactory]
FINANCIAL INFORMATION
[figures are in Rupees Millions]
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PARTICULARS |
31.03.2000 |
31.03.1999 |
31.03.1998 |
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Capital Investment |
1.5 |
1.5 |
1.5 |
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Annual Turnover |
300.0 |
350.0 |
400.0 |
COMMENTS
Management of the concern remained non-cooperative during current investigation.
Subject is a well-established agency and marketing organisation and indirectly backed by Excel Group having their blue-chip company as Excel Industries Limited. Excel has very fine track of performance and Mr. Ashwin Shroff, partner of the concern is the Managing Directory of Excel Industries Limited. General reputation is favourable. Business is active. Payments are usually correct and as per commitments.
The concern can be considered normal for business dealings at usual trade terms and conditions.
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an
extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. Maybe drawn to slightly
difficult position as unfavourable conditions arise. Minimal assurance for
timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
Small |
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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 |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
Attachment 4
INDIA
INDIA, a Union of States, is a Sovereign Socialist Secular Democratic Republic with a Parliamentary System of government. It covers an area of 32872631 sq. km. Population, as on 1st March, 1991 (last counted) stood at 846.30 millions.
The value of total foreign trade increased to Rs.2,778,392.8 millions in 1997-98. During 1997-98, it’s total exports amounted to Rs.1,262,857.6 millions and imports increased to Rs.1,515,535.2 millions.
As on 20th April, 1999, Standard and Poor’s affirmed its ratings for India and said the country’s outlook was stable despite weak coalition governments. S&P affirmed its BB foreign currency and the BBB local currency ratings for India. The B foreign currency and A3 local currency short-term issuer credit ratings were also affirmed. The outlook is stable. Official foreign exchange reserves cover about 165 percent of total government, public sector and private sector external principal-repayment obligations due within the next 12 months. At $32.6 billion as on April 7, 1999, they mitigate the risk of a sudden loss of external confidence even as exports decelerate and the trade gap widens, the agency said.
LEADING EONOMIC INDICATORS
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Outstanding As On |
% Variation Over |
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Banking, M3 & Forex (Rs. mlns.) |
Feb. 26, 1999 |
End-March 1998 |
Financial Year So Far |
Year Ago |
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1997-98 |
1998-99 |
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Aggregate Deposits |
6,983,380 |
6,054,100 |
15.3 |
15.3 |
19.8 |
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Demand Deposits |
1,029,500 |
1,025,130 |
0.2 |
0.4 |
13.4 |
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Time Deposits |
5,953,880 |
5,028,970 |
18.7 |
18.4 |
20.9 |
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Investments |
2,519,660 |
2,187,050 |
12.3 |
15.2 |
17.7 |
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Government Securities |
2,203,170 |
1,869,570 |
14.2 |
17.8 |
21.4 |
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Other Approved Securities |
316,490 |
317,480 |
2.7 |
-0.3 |
-2.3 |
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Bank Credit |
3,547,420 |
3,240,790 |
12.4 |
9.5 |
13.3 |
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Food Credit |
167,320 |
124,850 |
62.4 |
34.0 |
35.6 |
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Non-food Credit |
3,380,110 |
3,115,940 |
11.0 |
8.5 |
12.4 |
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Money Supply M3 (Feb. 26, 1999) |
9,455,060 |
8,253,890 |
13.4 |
14.6 |
18.8 |
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Net Bank Credit to Government |
3,868,200 |
3,306,190 |
11.4 |
17.0 |
20.3 |
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Reserve Bank Credit to
Government |
1,543,690 |
1,351,600 |
5.1 |
14.2 |
18.3 |
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Bank Credit to Commercial
Sector |
4,651,290 |
4,321,900 |
11.8 |
7.6 |
10.6 |
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FOREX (US$ mln.) March 19, 1999 |
312,350 |
293,670 |
7.0 |
6.4 |
10.5 |
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Foreign Currency Assets |
282,560 |
259,750 |
11.1 |
8.8 |
13.7 |
FOREIGN INSTITUTIONAL INVESTMENT IN INDIA
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Financial Year |
Gross Purchases (Rs. mlns.) |
Gross Sales (Rs. mlns.) |
Net Investment (Rs. mlns.) |
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1992-93 |
175 |
40 |
135 |
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1993-94 |
55,927 |
4,665 |
51,262 |
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1994-95 |
76,310 |
28,354 |
47,966 |
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1995-96 |
96,930 |
27,520 |
69,420 |
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1996-97 |
155,540 |
69,804 |
85,746 |
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1997-98 |
186,948 |
127,373 |
59,577 |
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1998-99 |
161,150 |
176,993 |
-15,844 |
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Total |
732,980 |
434,749 |
298,262 |
FOREIGN EXCHANGE RATES
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Currency |
Unit |
Indian
Rupees |
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US Dollar |
1 |
Rs.46.42 |
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UK Pound |
1 |
Rs.67.55 |
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Euro |
1 |
Rs.38.85 |
Attachment 5
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any
suggestion to help us improve our reports and services, please do not hesitate
to let us know.
Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
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Company’s Stamp &
Signature