MIRA INFORM REPORT
|
Report Date : |
25.04.2007 |
IDENTIFICATION DETAILS
|
Name : |
ATOTECH INDIA LIMITED |
|
|
|
|
Registered Office : |
NH-8, 66 K. M. Stone, Delhi - Jaipur Highway, Village Sidhrawali,
Guragaon - 123413, Haryana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
07.03.1996 |
|
|
|
|
Com. Reg. No.: |
05-33492 |
|
|
|
|
TAN No.: (Tax Deduction & Collection Account No.) |
RTKA04222B |
|
|
|
|
PAN No.: (Permanent Account No.) |
AACCM0338G |
|
|
|
|
Legal Form : |
It is a closely held public limited liability company. The company is
a 100% subsidiary of Atotech B. V., the Netherlands. |
|
|
|
|
Line of Business : |
Manufacturing and Marketing of Electroplating Salt and Speciality
Chemicals Compounds for General Metal Finishing and Printed Circuit Board
Industry. |
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 530000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and reputed company having satisfactory
track records. The Company’s performance has improved in last year. Trade relations
are fair. Financial position is improving and substantial losses has been
wiped out. Prospects for the company appears as bright. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
NH-8, 66 K. M. Stone, Delhi - Jaipur Highway, Village Sidhrawali,
Guragaon - 123413, Haryana, India |
|
Tel. No.: |
91-1274-267190/ 91/ 2679620/21/ 242640/42 |
|
Fax No.: |
91-1274-267189/ 242115 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
18000 sq. mtr. |
|
Location : |
Owned (Industrial Area) |
|
|
|
|
Factory : |
NH-8, 66 K. M. Stone, Delhi - Jaipur Highway, Village Sidhrawali,
Guragaon - 123413, Haryana, India |
|
Tel. No.: |
91-1274-242115/242640/242641 |
|
Fax No.: |
91-1274-242116 |
|
E-Mail : |
|
|
Area : |
18000 sq. mtr. |
|
Location : |
Owned (Industrial Area) |
|
|
|
|
Warehouse : |
NH-8, 66 K. M. Stone, Delhi - Jaipur Highway, Village Sidhrawali, Guragaon
- 123413, Haryana, India |
|
Tel. No.: |
91-1274-242115/242640/242641 |
|
Fax No.: |
91-1274-242116 |
|
E-Mail : |
|
|
Area : |
18000 sq. mtr. |
|
Location : |
Owned (Industrial Area) |
|
|
|
DIRECTORS
|
Name : |
Mr. Shambhu Gupta |
|
Designation : |
Managing Director |
|
Address : |
96, Arjun Marg, DLF City Phase I, Gurgaon, Haryana |
|
Date of Birth/Age : |
04.09.1964 |
|
Date of Appointment : |
02.07.2001 |
|
|
|
|
Name : |
Mr. Gregor Frank |
|
Designation : |
Director |
|
Address : |
Atotech Deuteschland Gmbh, Erasmusstrasse-10553, Berlin
Postfach-210780 10507, Germany |
|
Date of Birth/Age : |
12.03.1960 |
|
Date of Appointment : |
02.07.2001 |
|
|
|
|
Name : |
Mr. N Subramanian |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Pablo Nieto Aliseda |
|
Designation : |
Director |
|
Address : |
Atotech Deuteschland Gmbh, Erasmusstrasse-10553, Berlin Postfach-210780
10507, Germany |
|
Date of Birth/Age : |
05.12.1948 |
|
Date of Appointment : |
02.07.2001 |
|
|
|
|
Name : |
Mr. Ajit P Ghaisas |
|
Designation : |
Alternate Director |
|
Address : |
C-52, 5th Floor, The Oasis Group Housing Society, Plot GH72,
Sector-55, Gurgaon-122055, Haryana |
|
Date of Birth/Age : |
04.10.1955 |
|
Date of Appointment : |
25.11.2004 |
|
Date of Ceasing : |
25.01.2005 |
|
|
|
|
Name : |
Mr. David Roger Smith |
|
Designation : |
Director |
|
Address : |
1, Kingston Rise Claverdon, Warwick CV 338, PN, United Kingdom |
|
Date of Birth/Age : |
16.08.1942 |
|
Date of Appointment : |
06.05.1996 |
|
Date of Ceasing : |
31.12.2001 |
|
|
|
|
Name : |
Mr. Kishan S Ramsinghaney |
|
Designation : |
Director |
|
Address : |
789, Sector 16, Panchkula-134109, Punjab, India |
|
Date of Birth/Age : |
13.04.1953 |
|
Date of Appointment : |
18.03.1997 |
|
Date of Ceasing : |
02.07.2001 |
|
|
|
|
Name : |
Mr. Neelkantan Subramanian |
|
Designation : |
Director |
|
Address : |
38, Defence Colony, Chennai-600097, Tamilnadu, India |
|
Date of Birth/Age : |
04.02.1945 |
|
Date of Appointment : |
06.05.1996 |
|
Date of Ceasing : |
30.09.2004 |
|
|
|
|
Name : |
Mr. Igel Oswald |
|
Designation : |
Director |
|
Address : |
Atotech Deuteschland Gmbh, Erasmusstrasse-10553, Berlin
Postfach-210780 10507, Germany |
|
Date of Birth/Age : |
07.12.1950 |
|
Date of Appointment : |
24.05.200 |
|
Date of Ceasing : |
30.06.2001 |
|
|
|
|
Name : |
Mr. Surendra Kaul |
|
Designation : |
Director |
|
Address : |
B3/42, Ashok Vihar, Phase III, Delhi-110052 |
|
Date of Birth/Age : |
02.09.1956 |
|
Date of Appointment : |
01.12.2000 |
|
Date of Ceasing : |
02.07.2001 |
|
|
|
|
Name : |
Mr. Analjit Singh |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
15, Aurangeb Road, New Delhi-110011, India |
|
Date of Birth/Age : |
11.01.1954 |
|
Date of Appointment : |
07.03.1996 |
|
Date of Ceasing : |
28.05.1999 |
|
|
|
|
Name : |
Mr. Ashwini Windlass |
|
Designation : |
Director |
|
Address : |
S-66, Panchsheel, New Delhi-110017, India |
|
Date of Birth/Age : |
02.09.1956 |
|
Date of Appointment : |
07.03.1996 |
|
Date of Ceasing : |
28.08.1998 |
|
|
|
|
Name : |
Mr. John T Kinnie |
|
Designation : |
Director |
|
Address : |
1469, Jach White Dr. Rock Hill SC 29732, USA-08822 |
|
Date of Birth/Age : |
10.10.1951 |
|
Date of Appointment : |
06.05.1996 |
|
Date of Ceasing : |
24.05.2000 |
|
|
|
|
Name : |
Mr. Vivek Jetley |
|
Designation : |
Director |
|
Address : |
B-88, Neeti Bagh, New Delhi-110049, India |
|
Date of Birth/Age : |
02.09.1956 |
|
Date of Appointment : |
28.08.1998 |
|
Date of Ceasing : |
01.12.2000 |
|
|
|
|
Name : |
Mr. Jayant Bhat |
|
Designation : |
Director |
|
Address : |
A-2/28, Safdarjung Enclave, First Floor, New Delhi, India |
|
Date of Birth/Age : |
10.03.1958 |
|
Date of Appointment : |
07.03.1996 |
|
Date of Ceasing : |
06.05.1996 |
|
|
|
|
Name : |
Mr. Pradeep Mehra |
|
Designation : |
Director |
|
Address : |
87/42, West Punjabi Bagh, Delhi-110026, India |
|
Date of Birth/Age : |
03.09.1955 |
|
Date of Appointment : |
28.08.1998 |
|
Date of Ceasing : |
18.11.1999 |
|
|
|
|
Name : |
Mr. Surendra Kaul |
|
Designation : |
Director |
|
Address : |
B3/42, Ashok Vihar, Phase III, Delhi-110052, India |
|
Date of Birth/Age : |
02.09.1956 |
|
Date of Appointment : |
07.03.1996 |
|
Date of Ceasing : |
06.05.1996 |
|
|
|
|
Name : |
Mr. Ashok Tyagi |
|
Designation : |
Director |
|
Address : |
E-130, Greater Kailash Part I, New Delhi-110048 |
|
Date of Birth/Age : |
01.01.1954 |
|
Date of Appointment : |
07.03.1996 |
|
Date of Ceasing : |
06.05.1996 |
|
|
|
|
Name : |
Bhai Analjit Singh |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Martin Kurpjoweit |
|
Designation : |
Director |
|
Address : |
Schutte-Lanz-Strasse 83, Steglitz, Berlin-12209, Germany |
|
Date of Birth/Age : |
07.03.1960 |
|
Date of Appointment : |
31.10.2006 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjeev Jha |
|
Designation : |
Company Secretary |
|
Address : |
G-70, 2nd Floor, Unitech South City-2, Gurgaon-110019,
Haryana, India |
|
Date of Birth/Age : |
08.11.1971 |
|
Date of Appointment : |
25.09.2001 |
|
|
|
|
Name : |
Mr. Anil Chaoudahry |
|
Designation : |
Company Secretary |
|
Address : |
452, Dr. Mukherjee Nagar, Delhi-110009, India |
|
Date of Birth/Age : |
30.09.1969 |
|
Date of Appointment : |
16.12.1996 |
|
Date of Ceasing : |
25.11.1998 |
|
|
|
|
Name : |
Ms. Malini Gulati |
|
Designation : |
Company Secretary |
|
Address : |
E-37, FF Kalkaji, New Delhi-110019, India |
|
Date of Birth/Age : |
03.10.1974 |
|
Date of Appointment : |
17.05.1999 |
|
Date of Ceasing : |
01.12.2000 |
|
|
|
|
Name : |
Mr. Sanjv Kumar Sharma |
|
Designation : |
Company Secretary |
|
Address : |
G-96, Dilshad Colony, Delhi-110095, India |
|
Date of Birth/Age : |
06.02.1973 |
|
Date of Appointment : |
15.06.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
Atotech B V |
15075194 |
|
Mr. Shambhu Gupta |
1 |
|
Mr. Gulati G Singh |
1 |
|
Mr. Ajit P Ghaisas |
1 |
|
Mr. Challa K M Murthy |
1 |
|
Mr. Rajesh Verma |
1 |
|
Mr. Desh R Basak |
1 |
As on 31.03.2006
Foreign holdings : 100 %
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Marketing of Electroplating Salt and Speciality Chemicals
Compounds for General Metal Finishing and Printed Circuit Board Industry. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Exports to : |
SAARC Countries |
||||
|
|
|
||||
|
Imports from : |
U. K. , Germany and Italy |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Credit (30 days) terms |
||||
|
|
|
||||
|
Purchasing : |
Credit (180 days) terms |
PRODUCTION STATUS
|
Particulars |
|
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
PCB Chemicals |
|
Kgs. |
7500000 |
260557 |
|
GMF Chemicals |
|
Ltrs. |
7500000 |
782302 |
GENERAL
INFORMATION
|
Suppliers : |
Some of the major supplier of the company are:
|
||||||||||||
|
|
|
||||||||||||
|
Customers : |
|
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
Around 250 |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Ø
ABN Amro Bank, Channaught Place, New Delhi - 110 001, India Ø
Credit Lyonnas Bank, New Delhi - 110 001, India Ø
BNP Paribas,
1st Floor, East Towers (Sood Towers), 25, Barakhamba Road, New
Delhi-110001 |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
Secured Loans : (Rs. In
millions) (As
on 31.12.2004)
Unsecured Loans
:
|
|
Banking Relations : |
Satisfactory |
|
|
|
|
Auditors : |
Price Waterhouse & Company Chartered Accountants Vikram Advani Chartered Accountants 4B, DLF Corporate Park, DLF City, Phase III, Gurgaon-122002, Haryana |
|
|
|
|
Parent Company : |
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17000000 |
Equity Shares |
Rs. 10/- |
Rs. 170.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15075200 |
Equity Shares |
Rs. 10/- |
Rs. 150.752
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.12.2005 |
31.12.2004 |
31.12.2003 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
150.752 |
150.752 |
150.752 |
|
|
2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
3] (Accumulated Losses) |
(17.722) |
(74.441) |
(80.476) |
|
NETWORTH
|
133.030 |
76.311 |
70.276 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
74.543 |
88.829 |
41.775 |
|
|
2] Unsecured Loans |
14.583 |
28.770 |
34.111 |
|
TOTAL
BORROWING
|
89.126 |
117.599 |
75.886 |
|
|
|
|
|
|
|
TOTAL
|
222.156 |
193.910 |
146.162 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
90.671 |
95.278 |
100.026 |
|
Capital work-in-progress
|
2.325 |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
83.392
|
78.260 |
57.268 |
|
|
Sundry Debtors
|
136.148
|
106.556 |
95.431 |
|
|
Cash & Bank Balances
|
3.637
|
16.539 |
6.944 |
|
|
Loans & Advances
|
15.154
|
13.403 |
11.208 |
Total Current Assets
|
238.331
|
214.758 |
170.851 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
96.651
|
113.848 |
(123.302) |
|
|
Provisions
|
14.973
|
2.278 |
(1.413) |
Total Current Liabilities
|
111.624
|
116.126 |
(124.715) |
|
Net
Current Assets
|
126.707
|
98.632 |
46.136 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
2.453 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
222.156 |
193.910 |
146.162 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.12.2005 |
31.12.2004 |
31.12.2003 |
|
|
Sales Turnover |
506.848 |
384.622 |
300.988 |
|
|
Other Income |
13.012 |
7.566 |
4.234 |
|
|
Total Income |
519.861 |
392.187 |
305.222 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
74.224 |
6.035 |
1.011 |
|
|
Provision for Taxation |
0.000 |
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
74.224 |
6.035 |
1.011 |
|
|
|
|
|
|
|
|
Total Earnings |
1.766 |
NA |
NA |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
84.602 |
|
|
Raw Material Consumed |
239.343 |
215.477 |
0.159 |
|
|
Salaries, Wages, Bonus, etc. |
38.268 |
33.196 |
32.580 |
|
|
Managerial Remuneration |
4.233 |
3.330 |
NA |
|
|
Payment to Auditors |
0.696 |
0.707 |
NA |
|
|
Interest and Finance Charges |
6.175 |
5.771 |
9.095 |
|
|
Insurance Expenses |
1.912 |
1.625 |
NA |
|
|
Power & Fuel |
1.912 |
1.625 |
NA |
|
|
Depreciation & Amortization |
NA |
NA |
15.442 |
|
|
Other Expenditure |
153.408 |
124.586 |
3.695 |
|
Total Expenditure |
445.636 |
386.151 |
304.211 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2005 |
31.12.2004 |
31.12.2003 |
|
PAT / Total
Income |
(%) |
14.28
|
1.54 |
0.33 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.28
|
1.54 |
0.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.56
|
1.95 |
0.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56
|
0.08 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.51
|
3.06 |
(0.69) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.13
|
1.85 |
(1.37) |
LOCAL AGENCY
FURTHER INFORMATION
Form 8 Particular for creation or
modification of charges
|
Name of the
company |
ATOTECH INDIA LIMITED |
|
Presented By |
Mr. Sanjeev
Jha, Company Secretary |
|
1) Date and
description of instrument creating the change |
Hypothecation
agreement dated 26.08.2005. |
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Rs.5000.000
millions |
|
3) Short
particular of the property charged. If the property acquired is subject to
charge, date of the acquired of the property should be given |
All stocks
including raw materials, semi finished goods and finished goods (present and
future) stored in Company’s godown or anywhere else in India. All borrowers present and future book debts. |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
The charge created by the borrower in favour of BNP Paribas Bank
shall rank pari passu with the charge created in favour of Hong Kong Shanghai
Banking Corporation Limited, New Delhi and Calyon Bank, New Delhi. Margin as specified in the hypothecation agreement. The hypothecated property shall operate as a continuing security for
the balance from time to time due to bank and also for the ultimate balance
due to lender on the cash credit account/ Overdraft account/ other facility
account. |
|
5) Name and Address
and description of the person entitled to the charge. |
BNP Paribas 1st Floor, East Towers (Sood Towers), 25, Barakhamba Road,
New Delhi-110001 |
|
6) Date and brief description of instrument
modifying the charge |
Not Applicable |
|
7) Particulars of
modifications specifying the terms and conditions or the extent of operations
of the charge in which modification is made and the details of the
modification. |
Not Applicable |
HISTORY
Subject was originally incorporated as private limited company at Punjab
on 7th March, 1996. The Registered office shifted from Punjab to
present address w. e. f. 20/02/1997. Subsequently the name of the company was
changed from "Max Atotech India Limited" to Present name w. e. f. 18/10/2001, having Company Registration
Number 33492.
The company is young company with a strong background. It was formed in
1993 when the former Elf Atochem Group merged its M & T Harshaw operations
with the Schering Electroplating Division.
The company is part of Atofina, the chemical branch of the oil group.
Atofina was created from the merger of the chemical, petrochemical and
oleochemical activities of Total Fina and Elf Aquitaine.
Atofina is the world's fifth largest chemical company. Atofina's
chemicals activities hold leading positions both in Europe and in the world in
each of their markets.
The company is one of the world's leading suppliers of processes, services
and equipment for General Metal Finishing (GMF), Semiconductor and Printed
Circuit Board Manufacturing (Electronics).
The company's product range covers technologies for the entire spectrum
of decorative and functional surface treatment for various materials including
steel, aluminium and even plastics.
The company is present in more than thirty countries on all five
continents. Twenty production on-time delivery of processes and equipment.
Forty service centers provide advanced analytical and technical support.
Company’s fixed assets include Non compete fees, Intellectual property
rights, Freehold land, Building Factory, Plant and Machinery, Lab Equipments,
Electrical installations, Air Conditioners, Furniture and fixtures, Leasehold
Improvements, Office Equipments, computers and Vehicles.
The company is in trade terms with :
v
Alcatraz Chemicals
v
Bhagwat Rasayan Udhyog
v
Cosmic Chemicals
v
Chembond Chemicals
v
D J Fluorine
v
Fluoride & Fluoride
v
Intermediates and Chemicals
v
Polychem Industries
v
RK Metkam Industries
v
Stlvo Liacal Chemicals Limited
v
Singhal Industries
v
Shree Hari Industries
v
Target Enterprises
v
ACI Industriesl Organi Private Liited
v
Canton Laboratories
v
Colour Chrome Private Limited
v
Com codes (India)
v
Dinesh Chemicals
v
Hash Industrial Absorbents
v
Nakshtra Packers
v
Patel Industries
v
Sri Annapurna Chemical
v
Suryakiran Chemicals
v
S K Printers
v
Tin Chem Enterprises
As Per Web Details
Profile
Subject is committed to provide the best Products, Processes and Service
to the General Metal Finishing (GMF) and Printed Circuit Board (PCB)
manufacturing industries in India & SAARC countries. They intend forming
enduring links with their customers while satisfying the most demanding
technology and quality requirements of today and of the future.
As one of the world’s leading suppliers of processes, services and equipment to
the GMF and PCB manufacturing industries, Subject invests heavily in research
to continually develop improved processes for these industries. Their highly
competent technical staff ensure that these developments of their international
R & D are translated into significant benefits for their local customers.
Their marketing and manufacturing teams harmonize their activities to ensure
that their customers needs are promptly and responsibly attended to. In all
spheres of operations, Subject ensures that Safety and Protection of Health and
the Environment are always kept in focus.
They look forward to successfully meeting challenges together with their
partners.
News 
For the general metal finishing industries all over the world, Subject
has become a leading partner in electroplating. They provide perfectly matched
concepts for equipment, chemistry and services.
The Subject product range covers technologies for the entire spectrum of
decorative and functional surface treatment for various materials including
steel, aluminum and even plastics. read
With their unique systems approach - chemistry, equipment and global
service - they are able to provide leading-edge production solutions to the
electronics industry. read
More Regional Atotech Homepages in Asia:
FarEast, China, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand, Australia / New
Zealand.
2005 -
A COMPLETELY ACCIDENT – FREE YEAR
They are proud to announce that
2005 was a COMPLETELY ACCIDENT – FREE YEAR for Subject! This is due to the
great care taken in all spheres of activities by all their employees – both in
the manufacturing site as well as all the regional locations and offices, as
well as at outside by personnel making sales and service calls. They shall make
every effort to keep this up in 2006 and the years to come!
March 4, 2006: NATIONAL SAFETY
DAY 2006 OBSERVED
There was an overwhelming
response to the Poster Competition organised on the occasion of National Safety
Day on March 4, 2006 at the Sidhrawali factory. Over 60 posters were contributed
by Subject and Contractors’ employees, making the judges’ task quite difficult!
A Safety Pledge was undertaken by all present on the occasion.
Company
Policy
Their aim is to establish Subject as the preferred supplier to the GMF
and PCB industries. Subject places Safety along with Protection of Health and
the Environment at the centre of its activities.
Atotech
in India
Subject is responsible for providing processes and services to
customers in India, Bangladesh, Nepal, Pakistan and Sri Lanka & Gulf
Countries.
Their people, facilities and capabilities demonstrate their commitment
to their customers. Their technical service and sales personnel are well-trained
competent professionals who have a thorough knowledge of both their products
and processes and the customers’ needs. They are kept abreast of the latest
product and technical development through frequent technical information
exchanges with their world wide product specialists and training programs.
Their manufacturing facility at Sidhrawali, Gurgaon (near New Delhi) is
certified under ISO 9001: 2000 (Quality Systems), ISO 14001:2004 (Environment
Management System) and OHSAS 18001: 1999 (Occupational Health and Safety
Management System). They produce their chemistry strictly in accordance with
Subject’s worldwide standards, using only the finest raw materials and
processes. They ensure that all their activities not only conform to local and
global regulations with regard to environmental and safety aspects, but also
live up to the exacting standards of Subject worldwide in this regard.
Their central laboratory centre is equipped with advanced instruments
for customer support, including thickness testers, gas chromatograph (GC), high
performance liquid chromatograph (HPLC), ion chromatograph (IC), auto –
titrator, atomic absorption spectrophotometer (AAS), UV – Visible
spectrophotometer, electrochemical step tester, CASS and NSS corrosion chambers,
as well as specific instruments for testing electrophoretic coatings. They also
have a network of local offices and service personnel (see Contacts)
A Young
Company with a Long History
Subject is a young company with a strong background. It was formed in
1993, when the former Elf Atochem Group merged its M&T Harshaw operations
with the Schering Electroplating Division.
As part of the chemical branch of the oil group total they take
advantage of the substantial resources of this major oil company. It was
created from the merger of TotalFina and Elf Aquitaine.
The world's fifth largest chemical company holds leading positions both
in Europe and in the world in each of their markets: Petrochemicals and
Commodity Polymers, Intermediates and Performance Polymers, Specialty
Chemicals.
DISTRIBUTORS AT :
Agra, Ahmedabad,
Aligarh, Allahabad, Amritsar, Bangalore, Baroda, Chandigarh, Chennai,
Coimbatore, Delhi, Faridabad, Ghaziabad, Gurgaon, Jaipur, Jalandhar, Kanpur,
Kolkatta, Ludhiana, Merrut, Moradabad, Mumbai, Noida, Pune, Rajkot.
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.41.07 |
|
UK Pound |
1 |
Rs.81.69 |
|
Euro |
1 |
Rs.55.84 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
41 |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|