MIRA INFORM REPORT
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Report Date : |
10.01.2007 |
IDENTIFICATION DETAILS
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Name : |
ANSHUL AGENCIES |
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Registered Office : |
Ram
House, S. V. Road, Goregaon (West), Mumbai-400062, Maharashtra, India |
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Date of Incorporation : |
1978 |
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Com. Reg. No.: |
145417 |
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IEC No. |
0394051793 |
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TAN No.: [Tax Deduction & Collection Account No.] |
MUMA04159B |
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PAN No.: [Permanent Account No.] |
AAEFA5660J |
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Legal Form : |
Partnership
Concern with an unlimited liability of the Partners. |
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Line of Business : |
Indenting
Agents and Importer of specialty chemicals for pharmaceuticals, agro and
beverage industry. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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 400000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established marketing concern, indirectly backed by Excel
Industries Limited, which is having good track. Trade relations are fair. Payments
are correct and as per commitments. The concern can be considered good for
normal business dealings at usual trade terms and conditions. This
report is based on an interview with Mr. Dhiraj Dangodra. |
LOCATIONS
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Registered Office : |
Ram
House, S. V. Road, Goregaon (West), Mumbai-400062, Maharashtra, India |
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Tel. No.: |
91-22-26865566-70/28724091 |
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Fax No.: |
91-22-26865576 |
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E-Mail : |
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Website : |
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Area : |
2500
sq. ft. |
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Location : |
Rented |
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Administration Office: |
401,
Jagdamba House, 4th Floor, Peru Baug, Goregaon (East), Mumbai –
400063 |
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Tel. No. : |
91-22-26865566/67/68/69/70 |
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Fax No. : |
91-22-26865576 |
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Email : |
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Area : |
3500
Sq. ft |
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Location : |
Rented |
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Head Office : |
112 Mittal Chambers, 228 Backbay
Reclamation, Nariman Point, Mumbai – 400 021, Maharashtra, India |
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Tel. No.: |
91-22-22021569 |
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Fax No.: |
91-22-22826518 |
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Area : |
1200
Sq. ft |
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Location : |
Owned
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Branches : |
Located at :-
Tel. 91-79-27542943/27542872 Fax. 91-79-27540920
Telefax. 91-20-25693242
Tel. 91-80-30623799/25586337 Fax. 91-80-25599840
Tel. 91-44-24330213
Tel. 91-40-27811216/55311109 Fax. 91-40-27813456
Tel. 91-11-27811216/27670964 Fax. 91-11-27671933 |
PARTNERS
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Name : |
Mr. Ashok Israni |
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Designation : |
Partner |
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Address : |
Laxmichand House, 312,
Telang Road, Matunga – 400 019 |
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Date of Birth/Age : |
61 Years |
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Qualification : |
Chemical Engineer |
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Experience : |
35 Years |
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Name : |
Mr. Ashwin Shroff |
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Designation : |
Partner (Managing Director of
Excel Industries Limited) |
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Address : |
Laxmichand House, 312,
Telang Road, Matunga – 400 019 |
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Date of Birth/Age : |
60 Years |
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Qualification : |
B. SC. |
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Experience : |
35 Years |
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Name : |
Mr. Ravi A. Shroff |
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Designation : |
Partner |
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Address : |
B – 15, Theosophical
Society, Juhu Road, Juhu – 400 049 |
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Date of Birth/Age : |
27 Years |
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Qualification : |
Chemical Engineer &
M.S. In Chemistry |
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Experience : |
3 Years |
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Name : |
Mr. Hrishit A. Shroff |
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Designation : |
Partner |
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Address : |
B – 15, Theosophical
Society, Juhu Road, Juhu – 400 049 |
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Date of Birth/Age : |
25 Years |
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Qualification : |
B. Com & Inter C. A. |
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Experience : |
2 Years |
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Name : |
Mr. K. Nagarajan |
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Designation : |
Manager |
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Name : |
Mr. Ramesh Poduval |
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Designation : |
Customer Service Department |
BUSINESS DETAILS
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Line of Business : |
Indenting Agents and
Importer of specialty chemicals for pharmaceuticals, agro and beverage
industry. |
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Products : |
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Agencies Held : |
The concern holds the
following agencies : Ø
International
Specialty Products, USA Ø
Kruemer & Martin,
Germany Ø
Cusmotech
International, France |
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Imports from : |
France,
USA, Singapore, Germany, U.K. |
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Terms : |
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Selling : |
L/C
& Credit (30 days) |
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Purchasing : |
Credit
(30 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers
& End Users |
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No. of Employees : |
40 |
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Bankers : |
·
Bank of India, M. G. Road, Fort, Mumbai – 400 023 ·
The Saraswat
Cooperative Bank Limited. S. V. Road, Goregaon (West), Mumbai –
400 062 |
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Facilities : |
The
concern is reported to enjoy substantial facilities from its banker – banking
relations are reported as satisfactory. The
Saraswat Cooperative Bank Limited. – Credit Limits Rs. 7.500 Millions |
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Banking Relations : |
Satisfactory
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Auditors : |
Diwan
Gosalia & Associates Chartered
Accountant |
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Address : |
F/1,
Jethwa Nagar, 2nd Floor, V. L. Road, Kandivali (West), Mumbai –
400 067 |
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Tel. No.: |
91-22-28014932 |
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Fax No.: |
91-22-28017292 |
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E-Mail : |
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Principals : |
·
Cognis Australia
Private Limited ·
4 Saligna Drive,
Tullamarine, VIC. 3043 Australia ·
Tel No.
91-613-99333500 ·
Fax No.
91-613-99333583 ·
Website. www.cognis.com ·
Hayward Industrial
Products Asia Private Limited 11 Chang Charn Road, # 05-02 Shriro
House ·
Singapore – 159640 ·
Tel No. 91-65-64520955 ·
Fax No. 91-65-64521132 ·
Website. www.haywardindi.com ·
ISP Sales (UK) Limited ·
Room 1102 Phase 1,
Ming AN Plaza, No.8, Sunning Road, Causeway Bay, Hong Kong ·
Tel No.
91-852-28816108 ·
Fax No.
91-852-28961250 ·
Website. www.ispcrop.com
·
Molkeri Meggle
Wasserburg Gmbh & Company KG Megglestr 6-12, D-83512 Wasserburg, Reitmehring Germany ·
Tel No. 91-49-8071730 ·
Fax No.
91-49-807173320/444 ·
Website. www.meggle-pharma.de ·
Pentaphaem Limited Engelgasse 109/CH – 4002 Basel Switzerland ·
Tel No. 91-61-7064848 ·
Fax No. 91-61-3199619 ·
Website- www.pentapharm.com ·
Rutgers Carbotech GMBH Elisenstrabe 119 D-45139 Essen Germany ·
Tel No.
91-49-2012489823 ·
Fax No.
91-49-2012489825 ·
Website. www.carbitech.de ·
Stabifix
Brauerei-Technik KG Lochhamer Schlag – 17, D-82166, Grafelfing , Germany ·
Tel No. 91-49-8989990 ·
Fax No. 91-49-89899979 ·
Website. www.stabifix.com |
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Associates: |
Anshul
Specialty Molecules Limited Excel
Estate, S. V. Road, Goregaon (West), Mumbai – 400 062 Lines
of Buiness : Chemicals Manufacturing Divakar
Chemicals Limited Excel
Estate, S. V. Road, Goregaon (West), Mumbai – 400 062 Lines
of Buiness : Trading |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.
107.80 Millions |
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Borrowed : |
-- |
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Total : |
Rs.
107.80 Millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
|
Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
310.800 |
287.100 |
270.500 |
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Profit/Loss for the year |
39.700 |
42.700 |
42.200 |
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Import Value |
243.300 |
224.900 |
201.000 |
LOCAL AGENCY FURTHER INFORMATION
Subject
is a distributor and marketers of specialty chemicals and chemical equipments.
Subject’s current activities
includes :
Ø
Representation of reputed
international organizations for marketing their products in India.
Ø
Distribution of products
from internationally reputed organization within India.
Ø
Marketing and Exports of
products manufactured by associated companies.
Ø
Sourcing for exports of various
chemicals
Subjects major End User
Industries Services are as under:-
Pharmaceuticals
Ø
Both bulk drugs and
formulations
Ø
Solvents and
Intermediates
Ø
Tablet binders and
disintergrants
Ø
Diluents-Lactose Grades
for DC and Granulation
Ø
Iron Supplement
Personal Care
Ø
Conditioners
Ø
Emollients
Ø
Sunscreen
Ø
Preservatives
Ø
Film Formers
Industrial
Ø
Coatings
Ø
Polymers-PBT
Ø
Electroplating Chemicals
Ø
Adhesives
Ø
Imaging
Breweries
Agrochemicals
Refineries
Automotive Industries
Steel Plants
Its product range is as under:-
Ø
Oxalyl Chloride
Ø
Triphosgene
Ø
Lawesson’s Reagent
Ø
Hexachloroethane
Ø
Methyl Anthranilate
Ø
Glycine
Ø
5-Chloromethyl
Anthranilate
Ø
5-Chloro Isatoic
Anhydride
Ø
Isatoic Anhydride
The concern is in trade terms
with:
Ø
Dr. Reddy’s Laboratories
Limited, Hyderabad, Andhra Pradesh State, India
Ø
Pfizer Limited, Mumbai,
Maharashtra State, India
Ø
Wockhardt Limited,
Mumbai, Maharashtra State, India
Ø
EID Parry, Chennai,
Tamil Nadu State, India
Ø
Hindustan Pesticides
Limited, Mumbai, Maharashtra State, India
Ø
UB Limited, Bangalore,
Karnataka State, India
Ø
Hindustan Petroleum
Corporation Limited, Mumbai, Maharashtra State, India
Ø
Madras Refineries
Limited, Chennai, Tamil Nadu State, India
Memberships
Ø
Basic Chemicals
Pharmaceuticals & Export Promotion Council.
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.44.47 |
|
UK
Pound |
1 |
Rs.86.40 |
|
Euro |
1 |
Rs.57.99 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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 |