MIRA
INFORM REPORT
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Report Date : |
06.07.2007 |
IDENTIFICATION DETAILS
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Name : |
MULTICHEM SPECIALITIES PRIVATE LIMITED |
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Registered Office : |
505, Nain Kripa, 5th Floor, 118/122, Kazi Sayed Street,
Mumbai – 400003, |
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Country : |
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Financials (as on) : |
-- |
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Date of Incorporation : |
03.04.2007 |
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Com. Reg. No.: |
11-169587 |
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CIN No.: [Company
Identification No.] |
U24100MH2007PTC169587 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMM31783D |
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PAN No.: [Permanent
Account No.] |
AAFCM0263M |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Importer of Chemicals. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish itself. Nothing much could
be said about the subject at present. It can be considered for any business dealings on fully safe and
secured trade terms and conditions, only. |
LOCATIONS
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Registered Office : |
505, Nain Kripa, 5th Floor, 118/122, Kazi Sayed Street,
Mumbai – 400003, Maharashtra, India |
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Tel. No.: |
91-22-23421549 /23447435/23436835/66313717 |
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Mobile No.: |
91-9820124053 |
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Fax No.: |
91-22-23433176 / 66340911 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Manish Karnani |
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Designation : |
Director |
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Address : |
I-13, |
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Date of Birth/Age : |
24.04.1973 |
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Name : |
Mr. Shiv Dayal Karnani |
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Designation : |
Director |
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Address : |
I-13, |
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Date of Birth/Age : |
05.11.1943 |
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Name : |
Mr. Sanjay Gupta |
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Designation : |
Director |
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Address : |
H. No. 6, Anand Lok, |
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Date of Birth/Age : |
21.11.1962 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Shiv Dayal Karnani |
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4315 |
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Manish Karnani |
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2538 |
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Sanjay Gupta |
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2538 |
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Shiv Dayal Karnani - HUF |
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609 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Importer of Chemicals. |
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Products : |
Acetophenone Amino Guanidine Bicarbonate Ammonium Persulfate Bronopol 1,4-Butane Diol Diethyl Carbonate Dimethyl Malonate DL-Tartaric DL-Tartaric Acid Formamide Gamma
-Butyrolactone Glycolic Acid -
70% Tech. Grade Glucono-Delta-Lactone Isocyanuric Acid Itaconic Acid Lactic Acid Lithium Carbonate Malonic Acid Malononitrile Potassium Sorbate Potassium
Persulfate Propargyl Alcohol Sebacic Acid Sodium Gluconate Sodium
Dichloroisocyanurate(SDIC) Trichloroisocyanuric
Acid (TCCA) Trimethylchlorosilane Trimethyl
Orthoformate Triphosgene |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
Million |
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Total : |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
No subsequent financials could be available. Since is a new
company.
LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE
Subject began operations in 1976, with
a clear vision. They wanted to be a partner in growth to national and
multinational organizations as a source of quality bulk and fine chemicals and
pharmaceutical raw materials.
Over the years they have earned respect and recognition from some of the best
known names in the business.
Subject is now a rapidly growing chemical marketing and distribution company
widely networked in
In service to the industry and trade since last three decades, Subject is proud
to be a trusted business partner of customers and principals, offering the best
supply chain management solutions for domestic and overseas trade.
Subject has mastered the ways and means of doing business better with a
farsighted combination of vision, creative thinking, technology, logistics and
management services.
In all that they do, they are guided by their mission statement-The Multichem
Way. Doing business this way has paid rich dividends. Today companies choose
them for their integrity, transparency, their observance for high standards and
their commitment to customer value.
- To
become a world class world scale marketing, distribution entity serving as
one stop shop for Chemicals and Allied Items with a large basket of
products and services.
- To
provide best of services to its customers and suppliers as a transparent,
committed, responsible, responsive and reliable business partner.
- To
develop a strong and motivated team comprising of best of professionals
working sincerely towards achievement of the organization's objectives.
- To
build a strong knowledge capital both in terms of human resources and data
base.
PHILOSOPHY
- Multichem
believes in strong ethical practices that build a strong foundation for
the organisation.
- They
invest in relationships and they build business for a much longer term.
The great principles on which they build this business are as everlasting
as the pyramids.
- They
believe that a successful business can be built without sacrificing
integrity and honesty.
Subject is a multi-product, well networked, ISO 9001:2000certified
chemical marketing company. It has carved a niche for itself in the extremely
competitive chemical industry. Today, the name is synonymous with quality and
service.
Value Addition To Customers
Adding value to their customers is their highest priority. Sincerity and
dedication to this single-minded objective has resulted in many fruitful
associations and relationships.
Subject is engaged in the activity of importing, stocking and distributing
chemicals manufactured by internationally reputed organizations. Subject
provides easy accessibility to its customers through its wide marketing network
in all major metro cities and towns in
Subject has become a crucial link in the supply chain by focusing on:
- Ethical
business practices
- Quality
- Fair price
- Timely
delivery and logistics solution
- Customer
care
Value Addition To Suppliers
Subject operates as an extended
arm of its principal suppliers as a reliable business partner. They offer a
cost effective, low risk and prompt entry into
- Technical
& commercial selling abilities.
- Local
expertise, contacts & relationships.
- An
experienced organisation which acts as an extension of the overseas
principal in
ROLE
- Imports
and stocking of products.
- Sales
in small lots.
- Reinforcing
the principal's presence amongst a wide range of customers with varying
service requirements.
- Product
Promotion
- Sales
- New
Business Development
- Customers
Support Service
- Market
Information
- Government
Policy Implications
- Industrial
Scenario Update
- Indian
Trade Statistics
- Marketing
Strategy Formulation and Budgeting
- Customers
Credit Risk Assessment
- Tender
Business
- Checking
Product Tampering and Trademark Infringement
Subject has excellent warehousing
facilities located near
Subject has become a crucial link in the distribution chain by focusing on:
- Widening
customer base through its marketing network
- Sales
maximization at optimum pricing
- New
application development
- Transparency
in transactions
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.46 |
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1 |
Rs.81.29 |
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Euro |
1 |
Rs.54.96 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
1 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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11 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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