MIRA
INFORM REPORT
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Report Date : |
16.06.2007 |
IDENTIFICATION DETAILS
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Name : |
ABR ORGANICS LIMITED |
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Registered Office : |
C-50, 2/2/3/B/7/1, Durgabhai Deshmukh Colony, |
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Country : |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
22.02.1990 |
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Com. Reg. No.: |
01-11040 |
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CIN No.: [Company
Identification No.] |
U24134AP1990PLC011040 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDA00944G HYDA06009D |
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PAN No.: [Permanent
Account No.] |
AABCA6540M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business : |
Manufacturing & Exports of Thermally stables polyimides & Special Grade Phenolics for Aerospace & Defence Applications. The company also synthesis & manufacture specialty polymers & chemicals in bulk. Manufacturers of Monomer for ABS & SB Rubber. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 10000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. It has some accumulated losses. Even through the company’s profitability is improving, it may take some time for them to wipe-off the accumulated losses. Payments are reported as slow but correct. The company can be considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
C-50, 2/2/3/B/7/1, Durgabhai Deshmukh Colony, |
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Tel. No.: |
91-40-27426059 |
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Fax No.: |
91-40-27426059 |
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E-Mail : |
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Website: |
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Research & Development : |
Shed No.14, IDA, Mallapur, R.R. District, |
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Tel. No.: |
91-40-27170642 |
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Factory : |
Shed No. 14 & 15, IDA, Mallapur, R.R. District, |
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Tel. No.: |
91-40-27170642 |
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Administrative Office: |
A3, Sri Madhava Apartments, 2-2-23/41/4 & 5, Bank
Colony, Bagh Amberpet, |
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Tel. No.: |
91-40-55575981 / 2742 6059 |
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Fax No.: |
91-40-27426059 / 6557 5981 |
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E-Mail : |
DIRECTORS
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Name : |
Dr. Vijayachander Rao |
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Designation : |
Managing Director |
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Address : |
C-50, 2/2/3/B/7/1, Durgabhai Deshmukh Colony, |
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Date of Birth/Age : |
18/02/1934 |
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Date of Appointment : |
04/04/2001 |
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Name : |
Mr. K. Naveen Chandra |
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Designation : |
Joint Managing Director |
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Address : |
C-50, 2/2/3/B/7/1, Durgabhai Deshmukh Colony, |
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Date of Appointment : |
29.05.2006 |
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Other Directorship : |
Aromatic Polyimides Private Limited U24119AP2003PTC040831 |
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Name : |
Mr. S. T. Mainkar |
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Designation : |
Director |
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Address : |
Flat No. 404, Classic Elegant Apartments, Kutbiguda, |
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Date of Birth/Age : |
15/01/1929 |
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Date of Appointment : |
20/05/1999 |
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Name : |
Dr. Dinesh Bothra |
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Designation : |
Director |
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Address : |
No. 6, Mantri Kishore, Park Bhosale Nagar, Pune, |
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Date of Birth/Age : |
01/06/1967 |
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Date of Appointment : |
02/03/2001 |
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Name : |
Mr. K. Vani Naveen |
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Designation : |
Whole Time Director |
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Address : |
C-50, 2/2/3/B/7/1, Durgabhai Deshmukh Colony, |
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Date of Birth/Age : |
18.02.1934 |
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Date of Appointment : |
04.04.2006 |
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Other Directorship : |
Aromatic Polyimides Private Limited U24119AP2003PTC040831 |
KEY EXECUTIVES
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Name : |
Mr. K. Naveen Chandra |
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Designation : |
Executive Director |
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Name : |
Mr. Ravuri Krishna |
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Designation : |
Export Manager |
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Name : |
Mr. Davesh Saxena |
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Designation : |
Marketing Manager |
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Name : |
Mr. M. Krishna Prasad |
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Designation: |
Purchasing Manager & administrative |
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Name : |
Mrs. K. Vani Naveen |
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Designation : |
Works Manager & Q. C. Incharge |
BUSINESS DETAILS
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Line of Business : |
Manufacturing & Exporters of Thermally stables polyimides & Special Grade Phenolics for Aerospace & Defence Applications. The company also synthesis & manufacture specialty polymers & chemicals in bulk. Manufacturers of Monomer for ABS & SB Rubber. |
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Products : |
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Exports : |
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Countries : |
United |
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Imports : |
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Countries : |
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PRODUCTION STATUS
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Particulars |
Licensed Capacity |
Installed Capacity |
Actual Production |
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ABRON R 750 |
10 tpa |
8 tpa |
200 kg |
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ABRON S 10 |
12 tpa |
12 tpa |
199 kg |
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ABRON PR 100 |
80 tpa |
60 tpa |
58122 kg |
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ABRON NPNA |
10 tpa |
10 tpa |
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GENERAL INFORMATION
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Customers : |
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Bankers : |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Shriram Narayan Associates Chartered Accountant |
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Address : |
No. 3-4-526/20, Barkatpura, |
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Tel. No.: |
91-40-27550251 / 27550252 |
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Associates/Subsidiaries : |
Lo
Scalzo Associates Snc via Sardegna
11, 20146-Milano, Phone
: 0039-02-4695531 Email
: aloscalzo@compuserve.com |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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752020 |
Equity Shares |
Rs. 10/- each |
Rs. 7.520 Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES
OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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SHAREHOLDERS
FUNDS |
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1] Share Capital |
7.520 |
7.520 |
7.520 |
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2] Share
Application Money |
4.247 |
3.649 |
2.411 |
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3] Reserves &
Surplus |
3.416 |
0.416 |
0.416 |
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4] (Accumulated
Losses) |
[12.600] |
(32.483) |
(32.469) |
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NETWORTH
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2.583 |
(20.898) |
(22.122) |
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LOAN FUNDS |
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1] Secured Loans |
4.122 |
27.491 |
29.308 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING
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4.122 |
27.491 |
29.308 |
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DEFERRED TAX
LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL
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6.705 |
6.593 |
7.186 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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5.452 |
6.044 |
6.348 |
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Capital work-in-progress
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0.000 |
0.000 |
0.000 |
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INVESTMENT
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0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS
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0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS &
ADVANCES
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Inventories
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3.314
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3.448 |
3.241 |
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Sundry Debtors
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1.877
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0.463 |
0.498 |
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Cash & Bank Balances
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0.059
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0.129 |
0.056 |
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Other Current Assets
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0.000
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0.000 |
0.000 |
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Loans & Advances
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0.765
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0.165 |
0.159 |
Total Current Assets
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6.015
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4.205 |
3.954 |
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Less :
CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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4.762
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3.656 |
3.116 |
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Provisions
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0.000
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0.000 |
0.000 |
Total Current Liabilities
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4.762
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3.656 |
3.116 |
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Net Current Assets
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1.253
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0.549 |
0.838 |
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MISCELLANEOUS EXPENSES
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0.000 |
0.000 |
0.000 |
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TOTAL
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6.705 |
6.593 |
7.186 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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Sales Turnover |
20.363 |
7.974 |
4.892 |
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Other Income |
0.049 |
0.051 |
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Total Income |
20.412 |
8.025 |
4.892 |
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Profit/(Loss) Before Tax |
(0.007) |
(0.015) |
(1.087) |
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Provision for Taxation |
0.000 |
0.000 |
0.000 |
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Profit/(Loss) After Tax |
(0.007) |
(0.015) |
(1.087) |
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Imports : |
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Total Imports |
USD
3640 |
USD 1080 |
NA |
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Expenditures : |
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Material Consumed |
14.550 |
4.646 |
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Manufacturing Expenses |
1.967 |
0.972 |
5.979 |
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Administrative and other Expenses |
3.009 |
1.525 |
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Interest & Bank Charges |
0.471 |
0.476 |
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Depreciation & Amortization |
0.422 |
0.421 |
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Total Expenditure |
20.419 |
8.040 |
5.979 |
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KEY RATIOS
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
31.03.2003 |
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PAT / Total Income |
(%) |
[0.03]
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[0.19] |
[22.22] |
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Net Profit Margin (PBT/Sales) |
(%) |
[0.03]
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[0.19] |
[22.22] |
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Return on Total Assets (PBT/Total Assets} |
(%) |
[0.06]
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[0.15] |
[10.55] |
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Return on Investment (ROI) (PBT/Networth) |
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[0.00]
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[0.00] |
[0.05] |
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Debt Equity Ratio (Total Liability/Networth) |
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3.44
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[1.49] |
[1.47] |
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Current Ratio (Current Asset/Current Liability) |
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1.26
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1.15 |
1.27 |
LOCAL AGENCY FURTHER INFORMATION
Operations
The trial runs with user agencies for the application of polyimides started
showing some progress and regular orders were in hand during the year for ABRON
R – 750 & ABRON S – 10
Market, Future
Outlook
Premier Explosives,
The sample supplied ISRO – SHAR center of Activated Copper Chromites are under evaluation. R & d teams efforts for the developmental efforts are worth commending.
Under the export promotion from the following places received enquiries & sent the samples for the evolution
- M/S Iracli Aircraft Limited, Isreal
- M/S V. V. G. Some Imagem Limited, Brasil
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M/S Triefus Asahi Diamond Industrial
- M/S CXA Tech Koken ABRON MP 36 TF
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M/S Nikki Universal Company Limited,
ABRON – BMI; ABRON – BR720; ABRON – BR720CM; ABRON – PA 936; ABRON – A91 and ABRON – MP36
Orders from DRDO are being received for the supply of special grade phenolic Resin ABRON – PR 100(WS)and the promot supplies are being made. The private Companies which have received work orders from DRDO, also approaching the company for supply of above materials.
The development of R & D work on pultrusion grade phenolic Resin is in process in collaboration with M/S. Saint gobain.
On request from
ABRON – S10 of 500kg order has been completed to Indian
Space Research Organization (
The company is meeting the requirements of DRDO & ISRO:
The company is getting enquiries from
FIXED ASSETS:
- Land & side Development
- Plant & Machinery
- Furniture
- Computers
- Plant & Machinery- Net (ABR Research Labs)
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Corporate
identity number of the company |
U24134AP1990PLC011040 |
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Name of the
company |
ABR ORGANICS LIMITED |
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Address of the registered
office or of the principal place of
business in |
C-50, 2/2/3/B/7/1, Durgabhai Deshmukh Colony, |
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This form is for |
Modification of charge |
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Type of charge |
Hypothecation |
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Particular of
charge holder |
State Bank of Amberpet Branch, |
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Nature of
instrument creating charge |
Agreement for the
goods of Small Industrial Advances 16.02.2003 of Cash |
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Date of instrument
Creating the charge |
16.02.1993 |
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Amount secured by
the charge |
Rs. 4.100
Millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Interest @ 19.75
% |
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Description of the
property charged indicating whether it is a charged on |
Stock in trade Book debts |
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Particulars of
the property charged |
Mortgage by
deposit of title deeds in favour of the bank as security on : Office No. 401, 4th
Floor, Omega, Powai, Mumbai New Factory and
Building at Naroli |
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Charge
identification number of the charge to be modified |
02.03.1993 |
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Brief description
of the instrument modifying the charge under section 135 |
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Particulars of
the present modification |
Deposit of title
deeds. |
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Name of the company |
ABR ORGANICS
LIMITED |
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Presented By |
Mr. K. V. S. Rao Managing Director |
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1) Date and description of instrument creating the change |
1) 16.02.1993 Agreement for the grant of small industrial advances cash credit hypothecation limits. 2) 16.02.1993 Agreement for the grant of small industrial advances cash credit- outwards bills (Documentary limits) 3) 16.02.1993 Agreement for the grant of small industrial advances letter of credit limits. |
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2) Amount secured by the charge/amount owing on the securities of charge |
1) Rs. 1.300 Millions 2) Rs. 0.800 Millions 3) Rs. 1.000 Millions |
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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 |
1) Stock of raw materials, stock of process, finished goods and other consumables of the company – all present and future. 2) Documentary bills of the company – all present & future. 3) General hypothecation of goods, book debts, moveable and other assets of the company – all present & Future |
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4) Gist of the terms and conditions and extent and operation of the charge. |
1) Repayable on demand. Interest chargable @ 19.75% p.a. 2) Repayable on demand. Interest chargable @ 19.75% p.a. 3) Repayable on demand |
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5) Name and Address and description of the person entitled to the charge. |
1) The
Manager, State Bank of 2) The
Manager, State Bank of 3) The
Manager, State Bank of |
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6) Date and brief description of instrument modifying the charge |
Not applicable |
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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 |
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Name of the company |
ABR ORGANICS
LIMITED |
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Presented By |
Mr. K. V. S. Rao Managing Director |
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1) Date and description of instrument creating the change |
9th December, 1993, Deed of Hypothecation executed by the company jointly in favour of Industrial Development Bank of India (IDBI) |
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2) Amount secured by the charge/amount owing on the securities of charge |
The term loan of Rs. 1.000 Millions agreed to be lent and advanced by IDBI to the company together with the interest, liquidated damages. Up-front fee premia on pre payment or on redemption, costs, charges, expenses, and all other moneys payable by the company to IDBI in terms of the Loan Agreement dated the 9th day of December, 1993 between the company of thepart and IDBI of the other part. |
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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 |
The whole of the movables properties of the company including its movable plant & Machinery, Machinery Spears, tools and accessories and other movables, both present and future (save and except book debts) whether installed or not and whether now lying loose or in case or which are now lying or stored in or about or shall hereafter from time to time during the continuance of the security be brought into or upon or to be stored or be in or about the company’s factories, premises and godowns or wherever else the same may be or be held by any party to the order or disposition of the company or in the course of transit or on high seas or on order, or delivery, howsoever and wheresoever in the possession of the company and either by way of substitution or addition. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
a) The charge operate as security, inter alia, for the due repayment by the company to IDBI of its term loan of Rs. 1.000 Millions together with interest, additional interest liquidated damages, up front fee, premia on payment or redemption, costs, charges, expenses and all other moneys payable by the company to IDBI in terms of the said Loan Agreement. b) The charge in favour of IDBI under the said of Deed of Hypothecation is subject to the charges(s) created and /or to be created by the company in favour of its banker on the company’s stocks of raw materials, semi-finished and finished goods and consumable stores and book debts and such other movables as may be specifically permitted to secure its working capital requirement in the ordinary course of business. c) The company has under taken to keep the goods hypothecated in marketable and good condition at its own costs and to insure the same in the joint names of the company and IDBI. d) All the goods hypothecated and all realization and insurance proceeds there of and all documents in respect of the said security are to be kept distinguishable and held as per exclusive property of IDBI. e) The security created under the said Deed of Hypothecation is to be a continuing security, |
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5) Name and Address and description of the person entitled to the charge. |
Industrial Development Bank of |
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6) Date and brief description of instrument modifying the charge |
Not applicable |
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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 |
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Name of the company |
ABR ORGANICS
LIMITED |
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Presented By |
Mr. K. V. S. Rao Managing Director |
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1) Date and description of instrument creating the change |
22nd August, 1994, Deed of Hypothecation executed by the company jointly in favour of Industrial Development Bank of India (IDBI) |
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2) Amount secured by the charge/amount owing on the securities of charge |
The term loan of Rs. 5.000 Millions agreed to be lent and advanced by IDBI to the company under venture capital fund scheme together with the interest, liquidated damages. Up-front fee premia on pre payment or on redemption, costs, charges, expenses, and all other moneys payable by the company to IDBI in terms of the Loan Agreement dated the 23rd December, 1991between the company of the part and IDBI of the other part. |
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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 |
The whole of the movables properties of the company including its movable plant & Machinery, Machinery Spears, tools and accessories and other movables, both present and future (save and except book debts) |
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4) Gist of the terms and conditions and extent and operation of the charge. |
A) The charge operate as security, inter alia, for the due repayment by the company to IDBI of its term loan of Rs. 5.000 Millions together with interest, additional interest liquidated damages, up front fee, premia on payment or redemption, costs, charges, expenses and all other moneys payable by the company to IDBI in terms of the said Loan Agreement. B) The security created under the said Deed of Hypothecation is to be a continuing security. |
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5) Name and Address and description of the person entitled to the charge. |
Industrial Development Bank of |
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6) Date and brief description of instrument modifying the charge |
28/02/1995. no instrument was executed. A mortgage by deposit of titles deed was crested in favour of IDBI, in respect of all the immovable proprety of the company situated at plot No. 88 & 89 of survey No. 125 (part) in the Mallapur Industrial Area, Village Nacharam, Taluqua Uppal, District Ranga reddy in the state of Andhra Pradesh as security, inter allia, for the due repayment and discharge by the company to IDBI of its term loan of Rs. 5.000 Millions together with interest, liquidated damages. Up-front fee premia on pre payment or on redemption, costs, charges, expenses, and all other moneys payable by the company to IDBI in terms of the Loan Agreement |
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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. |
The IDBI Term loan of Rs. 5.000 Millions together with the interest, liquidated damages. Up-front fee premia on pre payment or on redemption, costs, charges, expenses, and all other moneys payable by the company to IDBI in terms of the Loan Agreement which is secured by the said Deed Of hypothecation dated the 22nd August, 1994 being the original charge, is now also secured by the said mortgage by deposit of title deeds created by the company an 28th February, 1995. in favour of IDBI. |
NOTE:
1) This
form will have to be filed with the concerned Register of companies within
thirty days after the date of creation of charge.
2) Please
forward to IDBI 2 copies of the form(s) as actually filed with the Register
along with the cash receipt issued by him.
3) Please
arrange to obtain the certificate of Registration of charge/Modification of
charge from the Registrar as early as possible and forward the same (in
original) to IDBI.
4) The
company if it so desires may please get this form duly certified as correct by
a Charted Accbuntant/cost Account/company Secretary in practice before filling
the same to avoid delay in registration of charge.
5) Please
also file Form No. 13 and also get the said form duly certified as per note ‘4;
above.
Description of Property
1) Plot
No, 88 of Survey No. 125 (part) together with shed bearing No. 14 with land admeasuring area 1794.26 sq.
yards equivalent to 1500sq. mtrs. R there abouts situate at Industrial
Development Area mallapur and with in the village limits of Mallapur(Nacharam).
On or towards North by - 30 Mtrs wide road No. 3
On or towards south by – Shed No. 17
On or towards East by – shed No. 13,
On or towards west by – Shed No. 15.
2) Plot
No, 89 of Survey No. 125 (part) together with shed bearing No. 15 with land admeasuring area 2024.50 sq.
yards or there abouts situate at Industrial Development Area mallapur and with
in the village limits of Mallapur(Nacharam).
On or towards North by - 30 Mtrs wide road No. 3,
On or towards south by – Shed No. 16,
On or towards East by – shed No. 14,
On or towards west by – 30 Mtrs wide road No. 15.
AS PER WEBSITE
Subject was
founded in 1991 by scientists formerly employed at Indian Space Research Organization (ISRO). With the license from
ISRO and financial assistance from Industrial Development Bank of
Dr. K. V. C. Rao , the Vice Chairman & Managing Director, is an eminent polymer
scientist with over three decades of research experience. Also an ISRO man, he
has won several awards for the VIKRAM
SARABHAI SPACE RESEARCH CENTRE, for development work. Dr. Rao has
inculcated the habit of uncompromising quality into the company.
Dr. Dinesh Bothra, A
'Doctor of Philosophy' in Chemical
and Biochemical Engineering, from
Dr. V. J. Rao, leads a team of scientists at ABR Research
Laboratories, wherein research on the Hydrogen Generation & Storage are
being studied. Dr. Rao also extends his expertise on Nano Particles,
Semi-conductors, Inorganics & Gas Senors for inflammable and toxic gases to
ABR Research Laboratories.
A highly qualified and dedicated team is in charge of quality management, who
keep a constant vigil right from the incoming raw materials to outgoing
products. The fact that ABRON polymers have been accepted for critical space,
aerospace and defense applications, itself speaks of the high quality standards
being maintained in the factory.
Department of Scientific and Industrial Research, Government of India, has
recognised the R & D efforts of the company in the field of polyimides and
phenolic resins. Efforts in R & D have culminated in developing many grades
of polyimide resins, monomers, reactive diluents and special grades phenolic
resin. The company also undertakes contract research at its R & D Center.
Continuous Research & Development backed by stringent quality control in
manufacture are the supporting pillars of ABROL production philosophy.
APPLICATIONS
- For the
manufacture of POLYMIDE FILMS
- Enamelling of
copper & aluminium conductors
- Porous
polymide bush
- Good resin
matrix for composites & carbon fibre, Kevlar fibre & glass fibre
- Advanced
composite systems
- High
performance structural adhesive
- Casting
applications
- Coatings,
etc
- Bismaleimide
resin with thermal resistance upto
200oC as a resin matrix for composites. - Resin matrix
for compression moulding for graphite,
silica, etc. - Fire
retardant polymide, resin matrix for PCB laminates.
- Mouldable
polyimide resin powders. Compatible with fillers.
- Mouldable
polyimide resin powders. Compatible with fillers.
- Aerospace
& space applications for Phenolic Resin
- Resin
matrix for refractories. Better properties beyond 600oC.
- Phenolic
resin based adhesive
- Potting
compound with thermal stability
- Burn rate additive for propellents
- Resin
system for making Epoxy Dotted paper for Transformers.
- Pultrusion
Grade based on phenolic.
- Resin
system to join ABS to ABS.
- Additive
for solid propellet for space vehicles.
- Polyimide
resin curator for epoxy & to improve thermal stability of epoxy.
- BISMALEIMIDE
- DIALLYL
ETHER BISPHENOL - A
- ORTHO-
DIALLYL BISPHENOL - A
- N - PHENYL
MALEIMIDE
-
-
-
Note
:
They also develop & manufacture speciality polymers & Chemicals as per
Customers requirements, especially in the field of POLYIMIDES. For any such
development work, kindly contact their R&D Centre.
The product information offered in the web site is a part of service
information to their customers, and these are the test results obtained in
their laboratory. Customers are requested to independently evaluate the
suitability of the ABRON products for each application. The information
provided is for the use by persons having technical skill at their discretion
and risk.
The
Quality Assurance and Analysis department equipped with state of art equipment
for analysis and involving a highly dedicated and qualified team, is the
backbone of ABROL's quality management system. Quality assurance starts right
from the raw materials procured, through the in-process checks during
production to the final products manufactured. The analysis is carried out both
by wet and instrumental analysis. The calibration of the instruments used for
analysis is done at regular intervals. The analysts of the QAA department play
a very important role in assisting the research team in their R&D. They
develop methods for testing various chemicals involved in the synthesis work.
Some
of the major equipment installed are Gel Permeation Chromatograph, High
Pressure Liquid Chromatograph, Gas Chromatograph, Fourier Transform Infrared
Spectrophotometer, Differential Scanning Calorimeter, Brookfield Viscometer,
Analytical balances, Abbe's refractometers, Karl Fischer auto titrator, etc.
They solicit volume business enquiries for marketing
"ABRON" products (other than
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 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.40.76 |
|
|
1 |
Rs.80.67 |
|
Euro |
1 |
Rs.54.58 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
34 |
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 |
|