MIRA INFORM REPORT
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Report Date : |
15th May, 2006 |
IDENTIFICATION DETAILS
|
Name : |
INDOKEM
LIMITED |
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Formerly Known As : |
KHATAU
JUNKER LIMITED |
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Registered Office : |
Khatau House, 1st
Floor, Plot No. 410/411, Mogul Lane, Mahim (West), Mumbai - 400 016, Maharashtra,
India. |
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Country : |
India
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
22nd
December, 1964 |
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Com. Reg. No.: |
11-13088 |
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Legal Form : |
It
is a Public Limited Liability Company.
The company's shares are listed on the Stock Exchanges. |
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Line of Business : |
Manufacturing,
Processing and Marketing of wide range of exclusive Dyestuffs. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
-- |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Unknown |
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Comments : |
Financial
position is poor. Payments are reported as slow and delayed. Trade relations
are fair. The company is not doing well. It can be considered for your
proposed business dealings on safe and secured trade terms and
conditions. |
LOCATIONS
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Registered Office : |
Khatau House, 1st
Floor, Plot No. 410/411, Mogul Lane, Mahim (West), Mumbai - 400 016,
Maharashtra, India. |
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Tel. No.: |
91-22-2446 1975 / 2445 0050
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Fax No.: |
91-22-2445 8139 / 2444 0826
/ 2445 0016 |
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E-Mail : |
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Website : |
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Head Office : |
Khatau House, 1st
Floor, Plot No. 410/411, Mogul Lane, Mahim (West), Mumbai - 400 016,
Maharashtra, India. |
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Tel. No.: |
91-22-2446 1975 / 2445 0050
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Fax No.: |
91-22-2445 8139 / 2444 0826
/ 2445 0016 |
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E-Mail : |
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Corporate Office : |
Khatau House, 1st
Floor, Plot No. 410/411, Mogul Lane, Mahim (West), Mumbai - 400 016,
Maharashtra, India. |
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Tel. No.: |
91-22-2446 1975 / 2445 0050
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Fax No.: |
91-22-2445 8139 / 2444 0826
/ 2445 0016 |
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E-Mail : |
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Factory 1 : |
Plot No. 2900, GIDC
Industrial Estate, District Bharuch, Ankleshwar – 393 002, Gujarat, India |
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Tel. No.: |
91-2646-221444 |
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Fax No.: |
91-2646-250262 |
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Stockiest in Europe : |
Millennium Dye Products 1,
Kings Ride, Tylers Green, Bucks HP 10 8BJ, United Kingdom |
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Tel. No.: |
44
(1494) 812 298 |
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Fax No.: |
44
(1494) 812 766 |
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Branches : |
213/214, “Shail Building”,
Opp. Madhsudan House, Near Swagat Restaurant, Off C.G. Road, Ahmedabad 380
009, India |
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Tel. No.: |
91-79-264668286 / 26461090/
26461093 |
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Fax No.: |
91-79-26466831 |
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E-Mail : |
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Branches : |
3/4 Asaf Ali Road, New
Delhi – 110 002, India |
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Tel. No.: |
91-11 – 3274083 / 3270436 |
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Fax No.: |
91-11 – 3270436 |
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E-Mail : |
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Branches : |
424, B, 1st Floor, Red Rose
Towers, D.B. Road, Coimbatore – 641 002, India |
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Tel. No.: |
91-422-2470410 |
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Fax No.: |
91-422–2470518 |
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E-Mail : |
DIRECTORS
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Name : |
Mr.
Mahendra K Khatau |
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Designation : |
Chairman
and Managing Director |
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Name : |
Mr.
N S Parulekar |
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Designation : |
Director
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Date of Birth/Age : |
78
years |
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Qualification : |
B.Com; LLB; CAIIB |
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Experience : |
Banking & Management |
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Other Directorships : |
New Era Fabrics Limited Samson Maritime Limited Swastik Surfactunts Limited Oxides & Specialities
Limited Growel Times Limited S. P. Jaiswal Estates
Limited Navyug Holdings Private
Limited Harig Crank Shafts Limited Infotech Era India Limited Twenty-First Century
Printers Limited Deomp Industries Private
Limited |
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Name : |
Mr.
Anil K Khatau |
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Designation : |
Director
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Name : |
Mrs.
Leela K Khatau |
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Designation : |
Director
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Qualification : |
BA |
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Experience : |
Company Director |
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Date of Appointment : |
Emerald Capital Ser.
Private Limited Radio Components &
Transistors Company Limited Priyamvada Holdings Limited |
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Name : |
Mr.
M Sarin |
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Designation : |
Executive
Director |
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Qualification : |
B.Tech (I.I.T) |
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Experience : |
29 years Production &
Marketing |
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Date of Appointment : |
Tracklightning Finance
& Investment Limited Shoshanaha Trading &
Consultancy Services Private Limited |
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Name : |
Mr.
Kailash Prasad |
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Designation : |
Director
(Nominee of UTI) |
KEY EXECUTIVES
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Audit Committee : |
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Name : |
Mr.
N S Parulekar |
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Designation : |
Chairman
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Address : |
-- |
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Date of Birth/Age : |
78
years |
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Qualification : |
B.Com; LLB; CAIIB |
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Experience : |
Banking & Management |
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Date of Appointment : |
New Era Fabrics Limited Samson Maritime Limited Swastik Surfactunts Limited Oxides & Specialities
Limited Growel Times Limited S. P. Jaiswal Estates
Limited Navyug Holdings Private
Limited Harig Crank Shafts Limited Infotech Era India Limited Twenty-First Century
Printers Limited Deomp Industries Private
Limited |
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Name : |
Mr.
Mahendra K Khatau |
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Designation : |
Director
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Name : |
Mr.
Anil K Khatau |
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Designation : |
Director
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Name : |
Mr.
S Srinivasan |
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Designation : |
Company
Secretary |
MAJOR SHAREHOLDERS
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Names of Shareholders |
No. of Shares |
Percentage of Holding |
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PROMOTER’S HOLDINGS |
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Promoters |
6713863 |
43.890 |
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NON PROMOTER’S HOLDINGS |
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Institutional Investors |
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Mutual Funds and UTI |
38000 |
0.248 |
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Banks Fin. Inst. and
Insurance |
1861985 |
12.172 |
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Central / State
Government Institutions |
-- |
-- |
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Other Investors |
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Private Corporate
Bodies |
340067 |
2.223 |
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NRI’s/OCB’s/Foreign
Others |
3569 |
0.023 |
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Indian Public |
6339704 |
41.444 |
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Total |
15297188 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing,
Processing and Marketing of wide range of exclusive Dyestuffs. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Around
300 |
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Bankers : |
Ø
Union Bank of India Ø
State Bank of
Travancore Ø
Development Credit
Bank Limited Ø
Bank of India Ø
State Bank of India,
Madame Cama Road, Nariman Point, Mumbai - 400 021 Ø
State Bank of India
Commercial & International Bank Limited Ø
Andhra Bank Ø
The Shamrao Vithal
Co-operative Bank Limited Ø
Central Bank of India |
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Banking Relations : |
Unknown
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Auditors : |
Seth
Doctor and Associates Chartered
Accountants |
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Associated : |
Ø
Khatau Leasing and
Finance Company Private Limited Ø
Asha Marine Products
Private Limited Ø
Priyamvada Holdings
Limited Ø
Vindhyapriya Holdings
Private Limited Ø
Emerald Capital
Services Private Limited Ø
Priyanilgiri Holdings
Private Limited Ø
Khatau Holdings &
Trading Company Private Limited Ø
MKK holdings Private
Limited Ø
Sovereign Trading
Enterprises Limited Ø
Refnol Resins &
Chemicals Limited --Engaged in manufacturing of polyester resins and
sizing chemicals Tel. No. 91-79-2282 1647 / 2266 Fax No. 91-79-2282 0476 E Mail : general@REFNOL.XEEAHM.XEEMAIL.com Contact Person :
Mr. Arup Basu (Chief Executive) |
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Subsidiaries : |
Ø
Kapsales Electricals
Limited Ø
Royaltern Finance and
Investments Limited Ø
Tracklightning Finance
and Investments Limited |
CAPITAL STRUCTURE
Authorised Capital :
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Not
Available |
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Issued, Subscribed
& Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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15,297,200 |
Equity shares |
Rs. 10/- |
Rs. 152.972 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
153.000 |
153.000 |
153.000 |
|
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2] Reserves & Surplus |
134.900 |
126.800 |
119.600 |
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NETWORTH
|
287.900 |
279.800 |
272.600 |
|
|
LOAN FUNDS |
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1] Secured Loans |
261.000 |
308.600 |
350.200 |
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2] Unsecured Loans |
24.500 |
30.400 |
33.500 |
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TOTAL
BORROWING
|
285.500 |
339.000 |
383.700 |
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TOTAL
|
573.400 |
618.800 |
656.300 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
|
377.100 |
403.900 |
431.500 |
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Capital work-in-progress
|
0.100 |
0.500 |
0.000 |
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INVESTMENT
|
110.200 |
107.600 |
106.100 |
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
|
142.700
|
144.000 |
152.100 |
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Sundry Debtors
|
157.100
|
130.600 |
126.500 |
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Cash & Bank Balances
|
10.200
|
14.000 |
9.300 |
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|
Loans & Advances
|
101.400
|
114.900 |
113.300 |
Total Current Assets
|
411.400
|
403.500 |
401.200 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
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Current Liabilities
|
309.600
|
280.100 |
269.200 |
|
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Provisions
|
15.800
|
16.600 |
13.300 |
Total Current Liabilities
|
325.400
|
296.700 |
282.500 |
|
Net Current
Assets
|
86.000
|
106.800 |
118.700 |
|
|
|
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TOTAL
|
573.400 |
618.800 |
656.300 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other income]
|
831.600 |
841.900 |
829.500 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
8.100 |
11.100 |
20.200 |
Provision for Taxation
|
0.000 |
0.000 |
0.000 |
Profit/(Loss) After Tax
|
8.100 |
11.100 |
20.200 |
|
|
|
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Export Value
|
182.963 |
169.401 |
NA |
|
|
|
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Import Value
|
60.969 |
51.036 |
NA |
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|
|
|
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Total Expenditure
|
800.902 |
804.884 |
779.300 |
QUARTERLY /
SUMMARISED RESULTS
|
PARTICULARS |
31.12.2005 |
30.09.2005 |
30.06.2005 |
Type
|
3rd Qtr |
2nd Qtr |
1st Qtr |
|
Sales Turnover |
160.300 |
192.000 |
160.100 |
|
Other Income |
2.500 |
4.200 |
6.200 |
|
Total Income |
162.800 |
196.200 |
166.300 |
|
Total Expenditure |
153.100 |
177.400 |
145.900 |
|
Operating Profit |
9.700 |
18.800 |
20.400 |
|
Interest |
9.000 |
10.200 |
6.600 |
|
Gross Profit |
0.700 |
8.600 |
13.800 |
|
Depreciation |
7.400 |
7.400 |
7.500 |
|
Tax |
0.000 |
0.100 |
0.100 |
|
Reported PAT |
(6.700) |
1.100 |
6.200 |
200509 Quarter 2 :--
Expenditure Includes (Increase) / Decrease in Stock in Trade Rs 1.20 million
Consumption of Raw Materials Rs 142.00 million Staff Cost Rs 13.60 million
Other Expenditure Rs 20.60 millions.
KEY RATIOS
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
Debt Equity Ratio |
1.10 |
1.31 |
1.49 |
|
Long Term Debt Equity Ratio |
0.77 |
0.94 |
1.05 |
|
Current Ratio |
1.01 |
1.03 |
0.98 |
|
TURNOVER RATIOS |
|
|
|
|
Fixed Assets |
1.14 |
1.15 |
1.15 |
|
Inventory |
5.57 |
5.44 |
5.43 |
|
Debtors |
5.55 |
6.27 |
5.70 |
|
Interest Cover Ratio |
1.23 |
1.28 |
1.44 |
|
Operating Profit Margin (%) |
9.15 |
9.93 |
12.12 |
|
Profit Before Interest and
Tax Margin (%) |
5.44 |
6.22 |
8.34 |
|
Cash Profit Margin (%) |
4.72 |
5.09 |
6.32 |
|
Adjusted Net Profit Margin
(%) |
1.01 |
1.38 |
2.54 |
|
Return on Capital Employed
(%) |
6.13 |
6.61 |
8.38 |
|
Return on Net Worth (%) |
2.04 |
2.80 |
5.06 |
STOCK PRICES
|
Face
Value |
Rs.
10/- |
|
High |
Rs.
7.60 |
|
Low |
Rs.
7.45 |
LOCAL AGENCY FURTHER INFORMATION
HISTORY
The company was incorporated
on 22nd December, 1964 at Mumbai in Maharashtra having Company
Registration Number 13088.
Subject was incorporated as a
private limited company in 1964 and was known as Khatau Junker. It became a
deemed public limited company in 1979. It was promoted by Mr. Dharamsey Khatau.
At present, it is managed by Mr. Dilip Khatau.
The company in collaboration
with Otto Junker, Germany, manufactures capacitors under the brand name Khatau
Junker. In 1981, it set up facilities for the manufacture of insecticides like
malathion, dimethoate, monocrotophos, phosphamidon, etc.
A rights issue was made in
1992 and the proceeds were utilized for manufacturing of Vat Dyes and
Monocrotophos plant capacity was increased. Commercial production commenced at
the modernised plant in March, 1995. A new effluent treatment plant was
installed in 1996-97.
The
installed capacity of Vat Dyes was increased to 120 TPA in their Ankleshwar
plant and has also achieved the highest level of production.
Financial Results
(Rs. in millions)
|
|
2005 |
2004 |
|
Total Income (Net of Increase/Decrease in
inventories) |
810.098 |
816.261 |
|
Operating Profit before
interest & Finance charges, Depreciation & tax |
69.677 |
80.304 |
|
Less: Interest &
Finance charges |
30.903 |
38.992 |
|
Prof if(Loss) after
interest & Finance charges but before Depreciation & Tax |
38.774 |
41.312 |
|
Less: Depreciation |
29.578 |
29.935 |
|
Profit/(Loss) before tax |
9.166 |
11.377 |
|
Less: Provision for
wealth tax |
(0.002) |
(0.002) |
|
Less: Prior period items |
(1.141) |
(0.221) |
|
Less: Short provision for
Tax in respect of earlier year. |
(0.004) |
(0.097) |
|
Profit/(Loss) after tax |
8.049 |
11.057 |
|
Less : Provision for
Gratuity for earlier year |
0.000 |
(3.823) |
|
Add : Amount drawn from
Capital Reserve and Debenture Redemption Reserve |
0.217 |
0.229 |
|
Deficit brought forward
from last year |
(117.191) |
(124.653) |
|
Deficit carried to
Balance Sheet |
(108.925) |
(117.191) |
REVIEW OF OPERATIONS:
SALES, PROFITABILITY AND
PRODUCTION :
During the year under
review, the Company's turnover has seen a reduction in value from Rs.779.900
millions to Rs.777.500 millions showing a marginal decline. This is due to the
decrease in our selling prices because of stiff competition from China even
though the sales quantity have seen a upward trend.
The total production has
marginally decreased from 447 MT to 425 MT due to lack of availability of the
required finance to set off the increase in the prices of major raw materials.
Though there was enough demand for finished goods, the Company could not cope
up, due to sharp increase in the cost of production. In view of this the
Trading Division Sales was Rs.427.400 millions during the current year as
compared to Rs.399.200 millions in the previous year. The turnover of
manufacturing division was Rs.350.100 millions during the year as compared to
Rs.380.900 millions in the previous year.
PROSPECTS:
In view of the sharp
increase in the'cost of raw materials which are petroleum based, the prices of
which are moving upward globally, the price realisation have shrunk
considerably leading to reduction in contribution. Further the international
competition have stiffened to such an extent that the prices of our product
have come under tremendous strain in the domestic and international markets.
Still Company is making all round efforts to contain costs and effecting
profitable orders.
MANAGEMENT DISCUSSION AND
ANALYSIS:
The Company is
manufacturing Vat Dyes at Plot No.2900, GIDC Industrial Estate, Dist. Bharuch,
Ankleshwar, Gujarat. The Company cater to both Domestic and International market.
Our products have application in important industries like textiles etc. The
Company
has geared up production
significantly to meet the demand- We have a good team of technical and
commercial professionals and expertise in Dyes, Manufacturing and Marketing.
Apart from manufacturing of
Vat Dyes, the Company is also involved in marketing of various other dyestuff
like Reactive Dyes, Direct Dyes, Acid Dyes and Napthol Bases Specialty Textile
Auxiliaries and Sizing Chemicals used by Textile Industry. Further, our
Technical Executives are spread over various parts of the country who not only
provide Technical services to our customers for our products, but also help
their clients in solving their own Technical problems. This has resulted into a
relationship where our Company is looked upon by many of our customers as
partners in business and not just as suppliers.
Profitability for the year
was affected due to increasing competition from both local manufacturers and
imports, as well as steep increase in raw material prices, especially
petrochemicals. During the current financial year performance is expected to
remain at
the same level as the last
financial year. However, the Company is trying its best eff6rts to achieve
optimum level of production. The current year's profits are severely affected
due to increase in the cost of inputs which are Petro based, whose prices have
sharply increased globally. Hence the profit margin have come under strain as
increase in finished product cannot be increased due to stiff competition both
domestic as well as international front.
Biodata
Indokem Ltd.(formerly Khatau
Junker Ltd), a part of Khatau Mahendra Group is promoted by Dharamsey Khatau. A
diversified company some times earlier with active presence in Electrical products,
Insecticides and Dye stuffs, the company has divested its business interest in
Electrical products and Insecticides and concentrates on manufacture of
Synthetic Organic Dye Stuffs.
Incorporated as a private limited company in 1964 in the name of Khatau Junker,
it became a deemed public limited company in 1979. Consequent to the merger of
erstwhile Indokem Ltd with Khatau Junker Ltd in 1995-96, the name of the
company changed to Indokem Ltd from Khatau Junker Ltd effective from Oct 18,
1996.
In collaboration with Otto Junker, Germany, the company manufactured capacitors
under the brand name Khatau Junker. The company diversified and commeced
manufacture of insecticides like malathion, dimethoate, monocrotophos,
phosphamidon, etc in 1981. In this regard it set up a production facility.
Later again in 1992 the company diversified into manufacture of Vat dyes and
its new dyes plant commenced commercial production 1992 in stages. The Vat dyes
plant was part financed by the rights issue made in 1992. The proceeds from
this rights issue is also used to fund the modernisation and expansion of its
agro chemicals plant.
The company has divested its Electrical division which manfuactures capacitors
to one of its subsidiary i.e Kapsales Electricals Ltd effective from March 31,
1995 to give more attention to this division. Subsequently the company also
sold its Agro chemcicals division which is into manufacture of insecticides to
Rallis Industrial Chemicals Ltd for a consideration of Rs.21 crores in Sep 30,
1996.
The installed capacity of Vat Dyes was increased to 120 TPA in there Ankleshwar
plant and has also achieved the highest level of production.
Fixed
Assets :
The fixed asset of the
important value of the company includes plant & machinery, building,
stocks, etc.
As Per Web Details
INDOKEM LIMITED was set up in
the year 1946 to manufacture process and market a wide range of exclusive dyestuffs
to the growing textile industry in India. From its very inception, INDOKEM has
been customer driven and highly service oriented group, providing value added
products consistently. Keeping in view the need of consolidation, Indonon Vat
Dyes Plant was started in 1990's on a sprawling complex at Ankleshwar. This is
an ultra modern plant specialised in Anthraquinone Chemistry, which
manufactures a range of Anthraquinone based Vat Dyes.
Innovation, enterprise and a
concern for quality have contributed to the success and growth of the group
over the years. The company's capabilities and achievements lend confidence to
meet tomorrow's challenges.
PROFILE
In 1874, Seth Khatau Makanji laid the
foundation stone of Khatau Makanji Spinning and Weaving Company Limited. Soon
Khatau sarees, voiles and fabrics became synonymous with high quality premium
fabric. From these early days, the group has grown into a multidimensional
enterprise, covering industries such as Textiles, Chemicals, Dyestuffs,
Shipping, Electrical Cables, Footwear, etc.
In the late 20th Century,
business has become more competitive and the Group has confirmed, formed
various Strategic Business Units (SBU). Indokem Limited, Refnol Resins and
Chemicals Ltd and associated companies are such units under the stewardship of
Mr. M. K. Khatau (Chairman & Managing Director).
From its very inception,
INDOKEM has been customer driven and highly service oriented group, providing
value added products consistently.
VISION
Quality has no equivalent in ensuring
the success of any business. From conceptualization to execution, our major
thrust is on consistent quality. We are always focused on customer satisfaction
with uncompromising integrity. We are determined to deliver a world-class
products and strive to meet our customers’ expectations.
MANAGEMENT
Our team of experienced experts
ensure that the quality of both raw material and intermediates products during
production is of the first rate. To manage the interests of our clients in the
best way, we have an extensive network of stockist and dealers in India. Our
presence is regarded and respected for quality all over the globe.
CLIENTS
Sky is the limit for quality
and innovatation, so how could Indokem confine itself to just domestic market ?
It's fluttering flags of successful foray in export market are flying high in
neighbouring countries like China, Bangladesh, Sri Lanka & Pakistan and as
far as Europe, Africa & U.S.
Our International presence is
strengthened by our three international group companies.
- Indokem Exports Ltd., Mumbai, India
- Tex Care Middle East L.L.C, Sharjah, UAE
- Indokem Overseas Ltd., Chennai, India
Products
Indonon Vat Dyes
For Yarn Dyeing, Continuous Dyeing & Pastes
INDONON range of vat dyes is complex derivatives of
anthraquinone. These dyes have excellent all-round fastness properties when
applied to cellulosic textiles.
They are available
commercially as CDP (crude), Powder / Ultra Conc./ Extra Conc. and MD
(micro-disperse) varieties.
Ø
Indonon Crude Vat
Dyestuffs : To make finished dyestuffs such as Microdisperse and
ultraconc./powder dyes, liquid or paste varieties depending on the customers
requirement.,
Ø
Indonon Vat Ultra Conc.powders in powder
form suitable for exhaust dyeing, piece dyeing on jigger or hank dyeing .
Ø
Indonon Vat Micro Disperse dyes in powder
and granular form suitable for package dyeing and also pad steam continuous
dyeing.
Ø
Indovat Micro Disperse Pastes suitable for
printing purposes.
Ø
Indonon
Vat Dye Stuff(Indigoid Types) in powder form for Yarn Dyeing,
Continuous Dyeing and Paste
Sizing
Chemicals - For sizing of wrap yarns
Used for the sizing of warp
yarns, these chemicals find applications in the textile weaving industry.
Consisting of size binders, lubricants, softeners, performance blends and
others, Indokem’s range of Speciality Textile Sizing Chemicals have dominated
the Indian market for over a decade. Indokem’s proven TSC are one of the
most comprehensive and cost effective range in the world today, being
successfully exported to South Asia, the Middle East, South East Asia, Latin
America, and Africa.
|
Incomine Direct Dyes
Incomine and Light Fast
direct dyestuffs are well accepted by cellulosic dyers since 1946. These dyes
are suitable for dyeing cotton and viscose in form of fabric, yarn as well as
loose cotton. They are also used for dyeing of wool, nylon and pure silk in
certain cases. Keeping in view the changing scenario especially with reference
to clean environment, we are presenting here Eco-Friendly dyes which can be
safely applied on textiles and Leather.
Eco-Friendly
Dyes
PRE-TREATMENT
Good pretreatment is
essential if satisfactory dyeing are to be obtained. The effective pretreatment
minimizes or eliminates the many source of the defects.
For the pretreatment
chemicals, we recommend the use of Indokem's speciality chemicals for Desizing,
scouring, boiling out and kiering etc.
Textile Auxiliaries
The complete
range of chemicals for all stages of the textile manufacturing process – from
pre-treatment to dyeing and printing and finishing.
DYEING AND PRINTING AUXILIARIES
|
SR. NO |
PRODUCTS |
DESCRIPTION |
|
1 |
Indofix WA Conc |
Dyefixing Agent |
|
2 |
Indofix 50 SPL |
Dyefixing Agent |
|
3 |
Indofix A |
Dyefixing Agent |
|
4 |
Indofix R |
Dyefixing Agent |
|
5 |
Indofix D |
Dyefixing Agent |
|
6 |
Indofix EF |
Dyefixing Agent |
|
7 |
Indogen CHA |
Improve the Rubbing
Fastness of Azoic Colours |
|
8 |
Indogen CHV |
Vat Levellig Agent |
|
9 |
Indoquest LA |
Sequestering Agent |
|
10 |
Indogen EL Conc |
Levelling & Striping
Agent |
|
11 |
Polydyeing BLR SPL |
Acid Buffer cum dipersing
cum sequestering |
|
12 |
Polydyeing DLM |
Levelling Agent Cum
Oligomer Remover |
|
13 |
Poly Dyeing DLM |
Acid Buffer Cum Scouring
cum Levelling Agent |
|
14 |
Poly WR 50 |
Polyester Weight Reducing
Agent |
|
15 |
Indofoam SID Conc |
Deformer |
|
16 |
OSA FC-100 |
Stain Remover |
|
17 |
Indogen-HC 30 |
Emulsifying Agent |
|
18 |
Binder SLN |
Binder for Pigment Paste |
|
19 |
Fixer IKL |
Fixer for Pigment Paste |
FINISHING AUXILIARIES
|
SR. NO |
PRODUCTS |
DESCRIPTION |
|
1 |
Indofinish OC LIQ |
Softner for
Synthetic/Cotton Blends |
|
2 |
Indofinish OC Paste |
Softner for
Synthetic/Cotton Blends |
|
3 |
Indofinish CSM |
Softner for Cellulose
Fabrics & Blends |
|
4 |
Indofinish AMH |
Pilling & Slip
Resistance & Full Firm Handle |
|
5 |
Indofinish PE SPL |
High Abrassion Resistance
& Full Firm Handle |
|
6 |
Indofinish ANY |
Amphoteric Non Yellowing
Hydrophilic Softner |
|
7 |
Indofinish AMS |
Imparts Excellent Silk
Softness to Synthetic & Cellulose & Blends |
|
8 |
Indofinish MAS |
Micro Emulsion for
excellent Softness |
|
9 |
Indofinish ACJP |
Softner for Natural &
Synthetics Imparts Silky Feel with Antistatic properties |
|
10 |
Indofinish NS |
Non-Yellower Softner for
white |
|
11 |
Indofinish XL |
Anionic Softner* Imparting
Softness & Body to cotton fabric) |
|
12 |
Indofinish CSC Special |
Softner for cotton yarn
& Hosiery |
|
13 |
Indo Link KVS |
Cross linking Agent |
|
14 |
Indofinish CAT-20 |
Cationic Softner with soft
Body |
|
15 |
Indopreserve AM-AF |
Anti mildeu anti fungal
agent |
SCOURING AND BLEACHING AUXILIARIES
|
SR. NO |
PRODUCTS |
DESCRIPTION |
|
1 |
Dialose Conc |
Enzymatic Desizing Agent |
|
2 |
Indomerse NC-12 |
Merserising Wetting Agent |
|
3 |
Indomerse NC-12 |
Merserising Wetting Agent |
|
4 |
Indogen D-Paste |
Detergent |
|
5 |
Indogen D-Paste Premium |
Detergent |
|
6 |
Indonol-25 |
Wetting Agents &
Detergent |
|
7 |
Indogen-835 |
Nonionic Detergent |
|
8 |
Indogen-650 |
Nonionic Detergent |
|
9 |
Indogen CS |
Nonionic Detergent &
Wetting Agent |
|
10 |
Indozeb 200 |
Emulsifer with best
wetability and detergency |
|
11 |
Indowet 3X |
Rapid Wetting Agent |
|
12 |
Indowet 3X SPL |
Rapid Wetting Agent |
|
13 |
Indowet 4X |
Rapid Wetting Agent |
|
14 |
Indowet 5X |
Rapid Wetting Agent |
|
15 |
Turnkey Red Oil |
Wetting Agent |
|
16 |
Indoperoxilizer NI |
Stabilizer for H2O2 |
|
17 |
Indoperoxilizer PK |
Peroxide killer |
|
18 |
Indocarrier DBI |
Polyester Dyeing carrier |
|
19 |
Wet Oil FL Conc |
Lubricant |
Other Products
Reactive Dyes
Indocron M Dyes
Indocron M Dyes are fibre
reactive dyes which are characterized by simplicity of dyeing and great
diversity of produced colours. the dueing produced with the aid of Indocron M
Dyes are exceptionally brilliant with high light fastness on cellulosic fibres
and fabrics.
Indocron HE Dyes
Indocron HE Dyes are
specially developed for dyeing cotton and other cellulosic materials. These
dyes possess significantly high exhaustion and fixation efficiency even at high
material to liquor ratios and therefore particularly recommended to dye cotton
Hosiery goods on Winches.
Disperse Dyes
Disperse Dyes are derived
from anthraquinone. The particles of vat dyestuffs in this form have been
ground to extremely small size with the help of most modern techniques. These
powders are easily dispersable and are suitable for dyeing cotton yarns
packages and cotton piece goods by batch wise and continuous dyeing methods. It
can be used for exhaust dyeing as well.
Acid Dyes
Pigment Emulsions
Manufacturing Facilities
With world-class products
manufactured at its state-of-the-art manufacturing facility, Indokem has an
edge when it comes to giving their customers the best.
Our Indonon Vat Dyes factory was started in 1980s on a sprawling complex at
Ankleshwar. This is an ultra modern plant specialised in Anthraquinone
Chemistry, which manufactures a range of Anthraquinone based Vat Dyes - Ultra
Conc powders, Micro Disperse Vat Dyes and Vat Pastes.
Indokem ventured into manufacturing Anthraquinone series of Vat dyes in 1990’s
to cater the growing needs of Textile Industry. The project set up on an area
of over 40 acres has an investment of about Rs. 350 million. The factory is
located at Ankleshwar in Gujarat State, about 300 km north of Mumbai.
The Dyestuff Plant
Extensive measures have been taken to control pollution. Important feature of
the plant is the use of contemporary technology for,
Ø
Basic processes of
quality assurance
Ø
Material Handling
Ø
Energy Conversation
Ø
Environmental protection
& pollution control
Dynamic manufacturing
facilities boast a state of art R&D facilities equipped with most modern
equipment required for chemical processing.
Advanced instrumentation and
process control measure adopted in our manufacturing unit have resulted in
higher yield and consistent quality besides providing safer and cleaner
environment for the workforce.
Contacts
Corporate Office
"Khatau House",
Plot No. 410/411,
Mogul Lane, Mahim(West),
Mumbai - 400016, India
Tel :- 91-22-2446 1975 / 2445
0050
Fax :- 91-22-2445 8139 / 2444 0826
E-mail :-
iklexport@indokem.net , iklexp@bom5.vsnl.net.in
, iklexport@hotmail.com
Works
Plot No. 2900, G.I.D.C.
Estate,
Ankleswar - 393 002
Gujarat State, India
Tel :- 91-2646-251219 / 221444
Fax :- 91-2646-250262
E-mail :-
iklank@narmada.net.in
Branches
Ahmedabad, Gujarat
213/214, “Shail Building”,
Opp. Madhsudan House,
Near Swagat Restaurant, Off C.G. Road,
Ahmedabad 380 009, India
Tel :- 91-79-264668286
/ 26461090 91-79- 26461093
Fax :- 91-79-26466831
E-mail :- indokem@sancharnet.in
New Delhi
3/4 Asaf Ali Road,
New Delhi – 110 002, India
Tel :- 91-11
– 3274083 / 3270436
Fax :- 91-11
– 3270436
E-mail :- ikdel@ndf.vsnl.net.in
Coimbatore, Tamilnadu
424, B, 1st Floor,
Red Rose Towers, D.B. Road,
Coimbatore – 641 002, India
Tel :- 91-422-2470410
Fax :- 91-422–2470518
E-mail :- shubhlabh@md4.vsnl.net.in
CMT REPORT [Corruption, Money laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.
2] Court
Declaration :
No records exist to suggest that subject is or was the
subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges or conviction registered
against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges or investigation registered
against subject: None
6] Records
on Int’l Anti-Money Laundering Laws/Standards :
Charges or investigation registered
against subject: None
7] Criminal
Records
No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.
8] Affiliation
with Government :
No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.
9] Compensation
Package :
Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on the subject.
CORPORATE
GOVERNANCE
MIRA
INFORM as part of its Due Diligence do provide comments on Corporate Governance
to identify management and governance. These factors often have been predictive
and in some cases have created vulnerabilities to credit deterioration.
Our
Governance Assessment focuses principally on the interactions between a
company’s management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject
is not known to have contravened any existing local laws, regulations or policies
that prohibit, restrict or otherwise affect the terms and conditions that could
be included in the agreement with the subject.
FOREIGN
EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.45.34 |
|
UK
Pound |
1 |
Rs.85.68 |
|
Euro |
1 |
Rs.58.33 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
-- |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
21 |
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
|
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 |