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MIRA
INFORM REPORT
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Report Date : |
21.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SHERRY CHEMICALS AND PHARMACEUTICALS (PRIVATE) LIMITED |
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Registered Office : |
D-648, Saraswati Vihar, Pitam Pura, |
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Country : |
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Date of Incorporation : |
24.06.2006 |
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Com. Reg. No.: |
150082 |
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CIN No.: [Company
Identification No.] |
U24233DL2006PTC150082 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Exporter,
Importer And Supplier of Chemicals, Solvents, Polymers, Mud Fluids, Etc. |
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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Status : |
New and Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and in the process of establishing itself.
Directors are however reported as experienced and respectable businessmen.
Trade relations are reported as fair. Payments are reported as usually correct
and as per commitments. The company can be considered for small to mediocre business dealings
with slight caution initially. |
LOCATIONS
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Registered Office : |
D-648, Saraswati Vihar, Pitam Pura, Delhi – 110034, India |
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Tel. No.: |
91-11-65746086 |
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Fax No.: |
91-11-42641002 |
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E-Mail : |
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Website : |
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Representative Office : |
Binhai Development Zone, Weifang city, Shandong,CHINA |
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Tel. No.: |
+86-15953652756 / +86-13706462892 |
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Fax No.: |
+852-30187199 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Sumiran Mathur |
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Designation : |
Director |
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Address : |
D-648, Saraswati Vihar, Pitampura, Delhi – 110034 |
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Date of Birth/Age : |
20.09.1983 |
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Date of Appointment : |
25.04.2007 |
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Name : |
Lt. Surendra Manohar Lal Mathur |
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Designation : |
Director |
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Address : |
D-648, Saraswati Vihar, Pitampura, Delhi – 110034 |
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Name : |
Mr. Abhinav Mathur |
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Designation : |
Director |
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Address : |
D-648, Saraswati Vihar, Pitampura, Delhi – 110034 |
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Date of Birth/Age : |
23.12.1981 |
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Date of Appointment : |
24.06.2006 |
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Name : |
Mr. Abhishek Mathur |
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Designation : |
Director |
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Address : |
D-648, Saraswati Vihar, Pitampura, Delhi – 110034 |
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Date of Birth/Age : |
31.05.1975 |
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Date of Appointment : |
25.08.2006 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter, Importer
And Supplier of Chemicals, Solvents, Polymers, Mud Fluids, Etc. |
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Products : |
·
Solvents ·
Chemicals ·
Bulk Drugs ·
Pharmaceuticals ·
Intermediates ·
Polymers |
GENERAL INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
Authorised 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 |
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 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
WEBSITE DETAILS ATTACHED:
COMPANY PROFILE:
Subject was established in 2006, it is a rapidly growing Chemicals Marketing and Distribution Company, in India (H.O.: New Delhi) and overseas arms in Jebel Ali, Dubai and Weifang ,Shandong, China.
Products handled : Bulk and Fine Chemicals, Pharmaceutical
Raw Materials, etc.
Industries catered : Chemical, Pharmaceutical, etc.
Geographical coverage : Asian and Middle east markets.
Their strength in supply chain :
· Outsource products competitively from India, China and
Middle East.
· Provide techno-commercial sales support through a team of
highly experienced personnel.
· Logistics support.
· Financially sound.
Subject is an organization of high reputation, known for the
quality products & efficient services.
They provide Marketing, Distribution & Operations for
Export & Import of chemicals & pharmaceuticals.
They specialize in Export & Import of Bromine Compounds.Sherry Chemicals
& Pharmaceuticals has made inroads into the international market & is
acclaimed not only for its Quality products, but for providing consistently
reliable & fast services as well.
Having a strong customer & supplier network worldwide,
they service markets such as:
North America, Europe, South East Asia, Japan, South Africa,
South Korea, Taiwan, Singapore, China, India and so on because they believe in
Integrity, Commitment and Quality Products & Services.
VALUE ADDITION:
VALUE ADDITION TO CUSTOMERS:
Value addition to Customers continues to remain the
company’s highest priority. Whether they
meet domestic needs or those abroad, their dedication to this single-minded
objective has resulted in numerous fruitful associations and relationships.
SCPL has become a crucial link in the supply chain by constantly focussing on :
Ethical business practices
- Quality
- Fair price
- Timely delivery and logistics solutions
- Customer care
VALUE ADDITION TO SUPPLIERS:
Subject operates as an extended arm of its principals. It has become an indispensable link in their distribution chain by constantly focusing on :
Sales maximization at optimum pricing
New application development
Transparency in transactions
Widening customer base through wide geographical coverage
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. 40.33 |
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1 |
Rs. 82.63 |
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Euro |
1 |
Rs. 55.65 |
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 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
1 |
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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 |
2 |
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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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18 |
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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