MIRA
INFORM REPORT
|
Report Date : |
23.11.2006 |
IDENTIFICATION
DETAILS
|
Name : |
CHANDRAS
CHEMICAL ENTERPRISES PRIVATE LIMITED |
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Registered Office : |
P-24, C I T Road Kolkata 700 014 ,
West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2004 |
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Date of Incorporation : |
30.01.1965 |
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Com. Reg. No.: |
21-26344 |
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CIN No.: [Company
Identification No.] |
U51392WB1965PTC026344 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALC01379A |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturers
of Industrial Adhesives and Sealants |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
275000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a well-established and reputed company having fine track. Directors are
reported as experienced, respectable and resourceful businessmen. Their trade
relations are reported as fair. Financial position is satisfactory. The
company is progressing well. It can
be considered good for normal business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
P-24, C I T Road Kolkata 700 014 ,
West Bengal |
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Tel. No.: |
91-33-2244
7032, 2244 6286, 2244 5955, 2244 2577, 2246 8194, 2246
8195 |
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Fax No.: |
91-33-2284
1284 |
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E-Mail : |
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Website : |
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Head
Office : |
P-35, C I T Road Kolkata 700
014 , West Bengal |
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Tel.
No.: |
91-33-2244
7032, 2244 6286, 2244 5955, 2244 2577, 2246 8194, 2246
8195 |
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Fax
No.: |
91-33-2284
1284 |
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E-Mail
: |
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Delhi |
1004,
Rohit House, 3 Tolstoy Marg, New Delhi 110 001 |
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Tel.
No.: |
91-11-2331
9763 |
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Fax
No.: |
91-11-2372
0520 |
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Agra |
3/20
MG Road, Subhash Park, Agra 282 002, Uttar Pradesh |
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Tel.
No.: |
91-562-2260597 |
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Fax
No.: |
91-562-2260211 |
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Kanpur |
“Shah
Market” 2nd Floor, 90/164, Iftikharbad, Kanpur 208 001, Uttar
Pradesh |
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Tel.
No.: |
91-512-2360444 |
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Indore |
74-B,
Prem Nagar, Indore 452 004, Madhya Pradesh |
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Tel.
No.: |
91-731-2463328 |
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Ahmedabad |
A-303,
Rajshree Avenue, Near Dinesh Halls, Navrangpura, Ahmedabad 380 009, Gujarat |
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Tel.
No.: |
91-79-26586156 |
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Mumbai |
51
Mittal Chamber, Nariman Point, Mumbai 400 021, Maharashtra |
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Tel.
No.: |
91-22-22026396 |
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Bangalore |
230-233,
Auto Tower, 9 J C Road, Bangalore 560 002 |
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Tel.
No.: |
91-80-2215082 |
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Fax
No.: |
91-80-22276429 |
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Cochin |
680,
C.R.C. Building, MG Road, Ernakulam, Cochin 682 016, Kerala |
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Tel.
No.: |
91-484-2353140 |
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Chennai |
5
Naval Hospital Road, First Floor, Periamet, Chennai 600 003, Tamil Nadu |
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Tel.
No.: |
91-44-2561
2049, 2561 0712 |
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Fax
No.: |
91-44-2561
0712 |
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Hyderabad |
G-72,
‘C’ Block, Shanti Shikara Apartments, Somajiguda, Hyderabad 500 480, Andhra
Pradesh |
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Tel.
No.: |
91-40-23318297 |
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Factory
|
v
13,
South Tangra Road, Kolkata – 700 046, West Bengal v
Budge
Budge Road, Rampur, 24 Parganas South, West Bengal |
DIRECTORS
|
Name : |
Mr.
Binay Kumar Chandra |
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Designation : |
Chairman |
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Address : |
P-35, C I T Road Kolkata 700 014 ,
West Bengal |
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Date of Birth/Age : |
23.09.1931 |
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Date of Appointment : |
30.01.1965 |
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Name : |
Mr.
Arun Kumar Chandra |
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Designation : |
Managing
Director |
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Address : |
P-35, C I T Road Kolkata 700 014 ,
West Bengal |
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Date of Birth/Age : |
04.01.1939 |
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Date of Appointment : |
30.01.1965 |
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Other
Directorships :- |
v Chandras Architecture Private
Limited v Chandras Chemicals Industries
(1973) Private Limited v Dencol India Private Limited v Dendrite India Private Limited v P. C. Chandra & Sons
(India) Private Limited v P. C. Chandra (Export) Private
Limited |
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Name : |
Mr.
Amitava Chandra |
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Designation : |
Director |
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Address : |
P-35, C I T Road Kolkata 700 014 ,
West Bengal |
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Date of Appointment : |
01.04.1997 |
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Name : |
Mr.
Sushim Mukul Datta |
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Designation : |
Director |
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Address : |
104/B,
Bakhtavar Lower Circular Road, Kolaba, Mumbai 400 005, Maharashtra |
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Date of Birth/Age : |
01.07.1936 |
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Date of Appointment : |
07.01.2002 |
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Name : |
Mr
Anil Chandra Chakarbarty |
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Designation : |
Director |
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Address : |
22/2A,
Gora Chand Road, Kolkata, West Bengal 700 014 |
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Date of Birth/Age : |
02.10.1930 |
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Date of Appointment : |
07.01.2002 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
Mr. Jahar Lal Chandra |
13,232 |
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Mr.
Jagadananda Chandra |
20,438 |
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Mr.
Bijay Kumar Chandra |
16,238 |
|
Mr.
Binay Kumar Chandra |
13,238 |
|
Mr.
Arun Kumar Chandra |
8,822 |
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Ms.
Amitava Chandra |
9,906 |
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Mr.
Asish Dutta |
6 |
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Mr.
Uday Kumar Chandra |
10,086 |
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Mr.
Prasenjit Chandra |
4,150 |
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Mr.
Chprovat Chandra |
6 |
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Ms.
Jayanta Chandra |
6 |
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Mr.
Prasanta Chandra |
11,236 |
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Mr.
Bikram Chandra |
5,366 |
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Mr.
Suvro Chandra |
8,746 |
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Ms.
Pranati Chandra |
9,000 |
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Ms.
Sovarani Chandra |
16,030 |
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Ms.
Gouri Chandra |
9,000 |
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Ms.
Ruby Chandra |
17,870 |
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Ms.
Pratima Chandra |
9,000 |
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Ms.
Mira Chandra |
6 |
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Ms.
Rupa Dutta |
6 |
|
Ms.
Monika Dutta |
30 |
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Mr.
Nikhil Sen |
6 |
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Ms.
Rathin Auddy |
6 |
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Mr. L
M Chowbey |
6 |
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Mr. O
N Chowbey |
6 |
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Mr.
Ashoke Kumar Das |
6 |
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M/s. N
B Enterprises |
6 |
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M/s. P
C Chandraa (Holding) Private Limited |
20,880 |
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M/s.
Executor of the Estate of Dalimbak Chand |
5,412 |
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Total |
208,746 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
of Industrial Adhesives and Sealants |
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|
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Products : |
v
Denstick v
Dendrite
Kit v
Dendrite
Solution v
Dendrite
Exp v
Dendrite
Tubes v
Fixbond
FW v
Fixbond
Express v
Cross
Linking Agents v
Fylon
Primer v
OP
Leather Primer v
Dendrite
TPR Primer v
Dendrite
EVA Primer v
Dendrite
Super Glue v
Dendrite
Epoxy v
Lamination
Adhesive v
Polyurethane The
company’s products range include :- v
Footwear v
Engineering
Applications v
Communication
Cable Manufacturing v
Leather
Goods Manufacturing v
Packaging v
Sports
Goods v
SR
Based – Dendrite Premium 2006, Dendrite PC-65, Dendrite PC-95, Dendrite FW,
Dendrite BQ, Fixobond PC - 80A, Fixogrip, Dendrite Special Sprayable
(General) v
PU
Based – Dendrite OR – 8100, Dendrite OR – 5000, Dendrite OR – 1000, Sona PU –
100 v
Cross
Linking Agents – Yamadur R-22, Yamadur H-20, Yamadur H-98, Fuzidur X 50 v
Primer
– Dendrite TPR Primer, Dendrite EVA Primer v
Hot
Melt – Various Grades for Various Uses v
Instant
Bonding Glue – Dendrite Super Glue v
Epoxy
- Yamapoxy v
Lamination
Adhesive for Flexible Packaging – Polyurethane Dendrite 96 L 60, Polyurethane
Dendrite 95 L Plus, Polyurethane Dendrite 99L/25C, Polyurethane Dendrite 2066 v
Polyurethane
Dendrite 2075 |
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Brand Names : |
‘DENDRITE’,
FIXOBOND’, ‘FIXOGRIP’, ‘FUZIDUR’, ‘YAMAPOXY’, etc. |
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Exports to : |
Bangladesh,
Middle East and SAARC countries |
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Imports from : |
Europe,
Germany and Japan |
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Terms : |
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Selling : |
Contract,
L/C and Credit terms |
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Purchasing : |
Contract
and L/C terms |
PRODUCTION
STATUS
|
Particulars |
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Installed Capacity |
Actual Production |
|
Adhesive |
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|
6356 Tonnes per annum |
4048921.483 Lt/kg |
GENERAL
INFORMATION
|
Suppliers : |
Chandras
Chemicals Industries (1973) Private Limited, Kolkata, West Bengal |
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Customers : |
Wholesalers,
Manufacturers and Retailers The subject is supplying their products to the
following industries v Footwear v Automobile v Shipbuilding v Railway
coaches v Engineering v Electronics v Leather
goods v Flooring v Packaging v
Construction |
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No. of Employees : |
240 |
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Bankers : |
United
Bank of India, P-37, C I T Road Branch, Kolkata – 700 014, West Bengal, India (CC A/c No. 200015) Standard
Chartered Grindlays Bank Limited, C I T Road Branch, Kolkata – 700 014,West
Bengal, India State
Bank of India, Madame Cama Road, Mumbai – 400021, Maharastra, India |
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Facilities : |
Cash
Credit Facilities: Rs.58.000 Millions from United Bank of India as per
Hypothecation agreement dated 23.05.2005.
It is secured against hypothecation of inventories, leasehold land at
Kolkata, properties at Bangalore, Agra and Hypothecation of Plant &
Machinery and Book Debts. |
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Banking Relations : |
Satisfactory |
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Auditors : |
M/s P
K Mitra & Company Chartered
Accountants (Mr T
N Chakrabarti, Partner, Membership No. 10610) |
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Address: |
18,
R.N.Mukherjee Road, Kolkata 700 001 |
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Tel. No.: |
91-33-2210
0768, 2248 9204, 2248 1926 |
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Fax No.: |
91-33-2248
9204 |
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Telegram |
‘HISHAB’
CAL |
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Associates/Subsidiaries : |
v
Chandras
Architecture Private Limited v
Chandras
Chemical Industries (1973) Private Limited v
Chandras
Green Project Limited v
CIME-CCE
Software Private Limited v
Coromondal
Ad-Chem Private Limited v
Dencol
India Private Limited v
DI
(Chemicals) Private Limited v
EMCO
General Plastic Industries Private Limited v
P.
C. Chandra & Sons Limited v
P.
C. Chandra (Export) Private Limited SUBSIDIARIES
v
CCE
Software Inc., USA |
|
|
|
|
Parent Company |
Purna
C. Chandra Group Company |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
2,50,000 |
Equity Shares |
Rs.100/- each |
Rs.25.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
208,746 |
Equity Shares |
Rs.100/- each |
Rs. 20.874 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2004 |
31.03.2003 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
20.875 |
20.875 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
49.329 |
44.509 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
70.204 |
65.384 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
16.900 |
13.754 |
|
|
2] Unsecured Loans |
|
4.272 |
4.272 |
|
|
TOTAL BORROWING |
|
21.172 |
18.026 |
|
|
DEFERRED TAX LIABILITIES |
|
1.050 |
1.393 |
|
|
|
|
|
|
|
|
TOTAL |
|
92.426 |
84.803 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
22.354 |
22.426 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
1.565 |
1.850 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
50.577 |
57.343 |
|
|
Sundry Debtors |
|
89.449 |
73.521 |
|
|
Cash & Bank Balances |
|
9.811 |
8.767 |
|
|
Other Current Assets |
|
1.941 |
2.536 |
|
|
Loans & Advances |
|
28.613 |
27.407 |
|
Total Current Assets |
|
180.391 |
169.574 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
94.683 |
87.687 |
|
|
Provisions |
|
17.201 |
21.360 |
|
Total Current Liabilities |
|
111.884 |
109.047 |
|
|
Net Current Assets |
|
68.507 |
60.527 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
92.426 |
84.803 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2004 |
31.03.2003 |
|
Sales Turnover [including other income] |
|
434.235 |
357.822 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
|
14.640 |
20.281 |
|
Provision
for Taxation |
|
4.578 |
6.949 |
|
Profit/(Loss)
After Tax |
|
10.062 |
13.332 |
|
|
|
|
|
|
Export
Value |
|
40.567 |
23.856 |
|
|
|
|
|
|
Import
Value |
|
44.795 |
43.461 |
|
|
|
|
|
|
Total
Expenditure |
|
413.825 |
333.301 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2004 |
31.03.2003 |
|
PAT / Total Income
|
|
2.32 |
3.73 |
|
Net Profit Margin |
|
3.40 |
5.71 |
|
Return on Total Assets |
|
4.92 |
6.88 |
|
Return on Investment (ROI) |
|
14.33 |
20.39 |
|
Current Ratio |
|
1.61 |
1.56 |
|
Quick Ratio |
|
1.16 |
1.03 |
|
Debt Equity Ratio |
|
0.30 |
0.28 |
|
Current Liabilities/Networth |
|
1.59 |
1.67 |
|
Fixed Asset / Networth |
|
0.32 |
0.34 |
|
Average Collection Days |
|
75.80 |
75.60 |
|
Account Receivables Turnover |
|
4.82 |
4.83 |
|
Inventory Turnover |
|
8.52 |
6.19 |
|
Asset Turnover |
|
19.27 |
15.83 |
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
v
Toyota
v
General
Motors
v
Hyundai
Motors
v
Nike
(footwear)
v
Reebok
(footwear)
BUSINESS
Subject
is engaged in manufacturing of Industrial Synthetic Adhesives based on
Polychloroprene, Polyurethane, Epoxy EVA, Hot Melt, Lamination and other
Elastomers mainly for use in Footwear, Automobile, Shipbuiliding, Railway
Coaches, Engineering, Electronics, Leather Goods, Flooring, Packaging,
Construction and Household Appliation.
Subject
is also engaged in Software Development and Marketing Tie-up with IDS Prof
Scheer, GmbH, the German international consultancy and software company and a
world leader in developing industry-related methods, tool and models.
P. C. Chandra Group is one of the emerging
industrial groups in India. The group comprises of a number of constituent
units whose activities span manufacture and export of Gold, Silver and Precious
Stone Jewellery, Synthetic Adhesives and Bonding Agents for home and industry,
Plastic extruded and moulded goods, manufacture of Resin and Resin Emulsions.
The Group also has Rubber Plantations, Finance and Leasing, Hotel Industry,
Building and Construction and Software Development division executing on-site
and off-shore projects in U.S.A., UK, France and Germany.
Chandras' Chemical Enterprises (Private) Limited is
the second unit of the Group which was set up in 1965. Today, the company has
established itself as the leading manufacturer of Industrial Adhesives in the
country. The Company has three factories in Kolkata. The Company manufactures
and markets a wide variety of Synthetic Adhesives based on Polychloroprene,
Polyurethane, Epoxy, EVA, Lamination and other Elastomers. These products are
mainly used in Footwear, Automobile, Shipbuilding, Railway coaches,
Engineering, Electronics, Leather goods, Flooring, Packaging, Construction and
household applications. The Company's major product is marketed under the brand
name 'DENDRITE' which enjoys a nationwide reputation for quality.
DENDRITE has behind it, years of painstaking research and development. The products are marketed through an All-India network of Dealers and through its several branches spread all over the country. The products are also being successfully exported to Middle East and SAARC countries. The company has an active Research & Development Centre which is recognized by the Government of India. It has a team of highly qualified Scientists who are in constant search of excellence in High Performance Adhesives to give the consumers value for money.
Chandras' Chemical Enterprises (Private) Limited has been awarded with the
coveted ISO 9001 (2000) certification by the INDIAN REGISTER QUALITY SYSTEM an
Organization affiliated to RVC & accredited by the DUTCH COUNCIL OF
ACCREDITATION. ISO 9001 (2000) is an industry benchmark for quality management
system
The products are marketed through an All-India
network of Dealers and through its several branches spread all over the
country. The products are also being successfully exported to Middle East and
SAARC countries. The company has an active Research & Development Centre
which is recognized by the Government of India. It has a team of highly
qualified Scientists.
Chandras' Chemical Enterprises (Private) Limited has
been awarded with the coveted ISO 9001 (2000) certification by the Indian
Register Quality System an Organization affiliated to RVC & accredited by
the Dutch Council Of Accreditation. ISO 9001 (2000) is an industry benchmark
for quality management system.
Related
Parties Description (Subsidiaries, Joint-ventures, Affiliates)
P C
Chandra Jewellers
P. C. Chandra Jewellers, a jewellery company. Its
creations are an expression of exquisite Indian craftsmanship. Its experts’ sense of design and
perfectionism have been accorded a glittering reception in countries far and
wide, earning valuable foreign exchange for the country. The company has showrooms at Bowbazar,
Gariahat, Chowringhee, Ultadanga & Golpark in Kolkata and exclusive
showrooms at Siliguri, Malda, Bardhaman and Asansol, P. C. Chandra Jewellers
now serve a wide clientele at home and abroad.
P.C.
Chandra Jewellery Apex Private Limited
A corporate group company of P.C. Chandra Jewellers
that deal with the export of P.C. Chandra products and continuously carries out
with R&T in developing jewwllery.
EMCO
General Plastic Industries Private Limited
EMCO General Plastic Industries (Private) Limited
engaged in the business of in the manufacture of high density polythene pipes
for both home and industries, conforming to national and international standard. EMCO is also the distributing agent
for GAIL (Gas Authority of India Limited). Apart from undertaking turnkey
installations of large scale plastic pipelines for industries, plantations and
residential complexes, the EMCO General Plastic Industries also manufacture
various speciality resins, sanitary fittings and waterproof chemicals.
Rubber
Plantation
The Group has set up rubber plantations in Agartala,
Tripura and has plans to expand its activities in the field.
Software
Divisions
CCE Software, a 100% export-oriented unit, has been
set up in Bangalore to develop software exclusively for exports. It has access to most modern hardware and
intensive communication network. CCE Software Inc., a fully owned subsidiary
has been formed in USA to handle both offshore and onshore software projects.
Recently, the group has tied up with a leading
European Software Company and set up a joint venture in India under the name
and style of CIME-CCE Software Private Limited
Construction
and Housing
In keeping with the present policies and trend the
Group has built a base in the housing and construction sector.
Hotels
Executive
Towers: It is
centrally located hotel for business travelers is run by the Group’s Hotel
Division. It offers excellent
facilities for conferences, meetings and banquets. It is the Group’s first step towards a full fledged Hotel Division.
The
Senator: Another starred hotel launched by P.C. Chandra
Group in the heart of 'City Of Joy' Kolkata at 15 Camac Street, Kolkata - 700
017 inaugurated by Sri Buddhadeb Bhattacharya, Chief Minister of West Bengal in
presence of Sri Subroto Mukherjee, Mayor of Kolkata and P.C. Chandra Group
Chairman Sri BK Chandra, on 16.10.2004.
Community
Service
Looking beyond business interests the P C Chandra
Group has long been fulfilling its duties as a responsible
corporate citizen of the country.
Sponsoring community service projects to help medical and educational
institutions such as the Medical Centre at Suri, Birbhum; Speech and Hearing
Institute, Kolkata. Participating in
programmes to beautify Kolkata, the
‘City of Joy’.
It has also been promoting diverse cultural
activities and holding events like the
Dover Lane Music Conference and the Dover Lane Talent Contest. Other
milestones have been sponsoring of the Journalism Congress and the National
Integration Congress as well as awards for excellence in Journalism, Literature
and Classical Music.
P.C.
Chandra Puroskar
P.C. Chandra Puroskar has been instituted for
honouring the legends in various spheres for their life time achievement. Every
year, the award is given away to a distinguished Indian personality on the
birthday of the founder of P.C. Chandra Group, Late Purna Chandra on his
birthday on 21st April. The
first P. C. Chandra Puroskar was given
to Shri Manna Dey for his invaluable contribution to music. Dr. U.R.Rao, the then Chairman of Indian
Space Research Organization (ISRO) received Puroskar in 1994 for his
achievements in space research. This year Geetasree Sandhya Mukhopadhyay, the
Indian Music Mayestro, has been given away the award.
In addition, the P. C. Chandra Group also promotes
sporting activities, sponsoring various football and cricket tournaments.
2006 Geetasree Sandhya Mukhopadhyay
2005 Pandit Yasraj
2004 Ms. P.T. Usha
2003 Sri Saumitra Chatterjee
2002 Bharat Ratna Ustad Bismillah Khan
2001 Dr. Ashima Chatterjee
2000 Sri. Prakash Padukan
1999 Smt. Rakhee
1998 Smt. Mahasweta Devi
1997 Sri. Gulzar
1996 Sri. Sunil Gavaskar
1995 Sri. Bhimsen Joshi
1994 Prof. Dr UR Rao
1993 Sri. Manna Dey
Press Clippings
The Hindu : Business Line dated 22.08.2003
Chandras Chem to manufacture footwear adhesives
Chennai , August, 21
CHANDRAS Chemical Enterprises (Private) Limited, a
part of the Kolkata-based P.C. Chandra Group, plans to comply with Euro norms
and will be getting into adhesives with water-based chemistry for the footwear,
automobile and leather goods sectors, according to Mr. Monojit Mukerjee, CEO,
Chandras Chemical Enterprises (Private) Limited.
The reason that the company is planning to comply is
that Indian exporters in this sector have to meet these standards. The company
plans to enter into technical collaboration with a foreign company for this
purpose, he said.
Mr. Mukerjee was speaking at a press conference to
launch the Dendrite adhesive tube in Tamil Nadu. He said that the product was
being sourced by global footwear majors such as Nike and Reebok and by Indian
subsidiaries of automobile companies such as Toyota, GM and Hyundai.
The company has two factories in Kolkata and
manufactures and markets a variety of synthetic adhesives based on polychloroprene,
polyurethane, epoxy, lamination and other elastomers.
Group Profile :-
Purna
Chandra Chandra, the man with an unerring business instinct, founded the P. C.
Chandra Group a resounding success and P. C. Chandra Jewellery since been a
name to reckon with.
The
mantle of the founding spirit was passage eldest son, Jawaharlal Chandra, who
still remain helm of the Group as its chairman. Over the adherence to the
founding father’s lofty print enable the P. C. Chandra Group to fulfill a sixty
years.
P. C. Chandra
& Sons Limited, a jewellery concern, is truly proud of its sparkling
heritage. Its creations are an expression of exquisite Indian craftmanship. It
experts sense of design and perfectionism have been accorded a glittering
reception in countries far and wide, earning valuable foreign exchange for the
country. They have four luxurious showrooms at Bowbazar, Gariahat, Chowringhee
& Golpark in Kolkata. Two showrooms at North and Central Kolkata are
opening shortly.
In 1973,
the P. C. Chandra Group further diversified and the chandra chemical industries
came into being. Incorporating the state-of –art technology and equipment, the
Company’s polymerization plans emulsions.
Another
integral member of the P. C. Chandra Group is EMCO General Plastic Industries
(Private) Limited engaged in manufacture of high density polythene pipes for
both home and industries, conforming to national and international standard.
EMCO is also the distributing agent for GAIL (Gas Authority of India Limited)
CCE
software, a 100% export-oriented unit, has been set up to develop software
exclusively for exports. It has access to most hardware and intensive
communication network. The company’s software owned subsidiary has been formed
in USA to handle both offshore and onshore software projects.
Community
service projects to help medical and educational institute in the Medical
Centre at Suri, Birbhum, Speech and Hearing Institute participating in
programmes to beautify Kolkata.
It has
also been promoting diverse cultural activities and holdings the Dover Lane
Music Conference and the Dover Lane Talent milestones have been sponsorship of
the Journalism Congress Intergration Congress as well as awards for excellence
in Journal and Classical Music.
P. C.
Chandra Group is one of the emerging industrial Groups in Eastern India. The
group comprises of a number of constituent units whose activities span
manufacture and export of Gold, Silver and Precious Stone Jewellery, Synthetic
Adhesives and Bonding Agents for home and industry, plastic extruded and
moulded goods, manufacture of Resin and Resin Emulsions. The Group also has
Rubber Plantations, Finance and Leasing, Hoteliering, Building and Construction
and Software Development division executing on-site and off-shore projects in
U.S.A., UK, France and Germany.
The
company is the second unit of the Group which was set up in 1965. Today, the
company has established itself as a leading manufacturer of Industrial
Adhesives in the country. The company has three factories in Kolkata. The company
manufactures and market a wide variety of Synthetic Adhesives based on
Polychloroprene, Polyurethane, Epoxy EVA, Hot Melt, Lamination and other
Elastomers. These products are mainly used in Footwear, Automobile,
Shipbuilding, Railway Coaches, Engineering, Electronics, Leather Goods,
Flooring, Packaging, Construction and Household Applications. The company’s
major product is marketed under the brand name ‘DENDRITE’ which enjoys a
nationwide reputation of quality.
The
company has been awarded the coveted ISO 9002 certification by the Indian
Register Quality System an Organization affiliated to RVC and accredited by the
Dutch Council of Accrediation. ISO 9002 is an industry benchmark for quality
management system.
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.44.87 |
|
UK
Pound |
1 |
Rs.85.99 |
|
Euro |
1 |
Rs.58.15 |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|