MIRA
INFORM REPORT
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Report Date : |
28.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
AMBEY LABORATORIES PRIVATE LIMITED |
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Registered Office : |
G -2, Vikas Apartments, 34/1, East Punjab Bagh, New Delhi – 110026,
Delhi |
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Country : |
INDIA |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
20.03.1985 |
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Registration No. : |
55-20490 |
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CIN No.: [Company
Identification No.] |
U74899DL1985PTC020490 |
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IEC No.: |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELA14082F |
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PAN No.: [Permanent
Account No.] |
AAACA4317R |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacturer of 2,4 D Sodium Salt, Amine Salt, Acid, Esters, MCPA. |
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 50000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company having moderate track.
Company’s Profitability is under severe pressure. It has some accumulated losses.
Payments are reported as slow but correct. The company can be considered
normal for small business dealings at usual trade terms and conditions, with
slight caution initially. |
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LOCATIONS
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Registered Office : |
G -2, Vikas Apartments, 34/1, East Punjab Bagh, New Delhi – 110026,
Delhi |
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Tel. No.: |
91-11-23316321 / 91-9811008008 |
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Mobile No.: |
91-9899664458 / 98108225871 |
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Fax No.: |
91-11-28316041 |
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E-Mail : |
infornityclothing@rediffmail.com
al_ambey@hotmail.com / design@rediffmail.com |
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Website : |
http://www.ambeylab.com |
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Factory 1 : |
SP, 1-5, Sotanala RIICO Industrial Area, Behror, District Alwar,
Rajasthan |
DIRECTORS
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Name : |
Mr. Archit Gupta |
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Designation : |
Director |
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Address : |
1/13, East Punjab Bagh, New Delhi – 110026, Delhi |
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Date of Birth/Age : |
17.11.1981 |
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Date of Appointment : |
09.07.2004 |
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Name : |
Mr. Anil Kumar Gupta |
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Designation : |
Director (Chairman & MD) |
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Address : |
1/13, East Punjab Bagh, New Delhi – 110026, Delhi |
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Date of Birth/Age : |
19.10.1955 |
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Date of Appointment : |
20.03.1985 |
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Name : |
Mr. Rakshit Sehgal |
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Designation : |
Director |
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Address : |
B – 4/3, Paschim Vihar, New Delhi – 110063, Delhi |
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Date of Birth/Age : |
28.02.1984 |
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Date of Appointment : |
18312.2005 |
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Name : |
Mr. Kewal Sehgal |
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Designation : |
Director (Chairman & MD) |
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Address : |
B – 4/3, Paschim Vihar, New Delhi – 110063, Delhi |
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Date of Birth/Age : |
01.10.1955 |
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Date of Appointment : |
20.03.1985 |
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MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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1. Mr. Kewal Sehgal |
16700 |
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2. Mr.Anil Gupta |
23295 |
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3. Mr. Kewal Sehgal (HUF) |
1750 |
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4. Mr. Sarbati Devi Gupta |
200 |
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5. Miss Achla Gupta |
100 |
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6. Mr. Badri Nath Sehgal |
220 |
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7. Miss .Rashmi Sehgal |
100 |
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8. Mr. Archit Gupta |
11105 |
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9. Miss NItu Gupta |
100 |
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10. Mr. Mohan Lal Gupta |
650 |
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11. Mr. Rakshit Sehgal |
9500 |
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12. Mr. Yajesh Garg |
11000 |
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13. Yajesh kumar Garg (HUF) |
7500 |
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14. Sons (HUF) |
11000 |
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15. Mr. Anil kumar Aggarwal |
13000 |
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16. Mrs. Sandhya Aggarwal |
1000 |
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17. Mrs. Chander Mani |
5000 |
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18. Mrs. Leelawati |
2000 |
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19. S. M. Paper Mills Private Limited |
7000 |
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20. Sanganeria Investments |
7000 |
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21. Thar Manufacturers and Exporters Private Limited |
2000 |
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22. Goyal Granites Private Limited |
1000 |
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Total |
140220 |
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Equity Share Breakup (Percentage of Total Equity )
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Sr No. |
Category |
Percentage |
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1. |
Bodies Corporate |
11.33 % |
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2. |
Directors or Relatives of Directors |
47.00 % |
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3. |
Other Top Fifty (50) Shareholders |
41.67 % |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of 2,4 D Sodium Salt, Amine Salt, Acid, Esters, MCPA. |
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Products : |
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GENERAL
INFORMATION
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No. of Employees : |
About 100- 500 |
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Bankers : |
Canara Bank , Vikaspura, New Delhi – 110018 Account No.: 2455261010270 2. Industries Development Bank of India (IDBI) Videocon Tower, Ground Floor, E-1, Rani Jhansi Road, Jhandewalan
Extension, New Delhi – 110055, Delhi |
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Banking Relations : |
Satisfactory |
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Auditors : |
Chartered Accountant 2. Sippy And Associates Chartered Accountant |
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Address : |
301, 3rd Floor, Sai Chamber, DB Gupta Road, Karol Bagh, New
Delhi – 11005, Delhi |
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Associates : |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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150,000 |
Equity Share |
Rs.100/- Each |
Rs.15.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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150000 |
Equity Share |
Rs.100/- Each |
Rs.15.000 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
15.000 |
6.897 |
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2] Share Application Money |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.000 |
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4] (Accumulated Losses) |
(0.201) |
(0.307) |
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NETWORTH |
14.799 |
6.590 |
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LOAN FUNDS |
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1] Secured Loans |
29.723 |
1.062 |
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2] Unsecured Loans |
2.339 |
1.441 |
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TOTAL BORROWING |
32.062 |
2.503 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
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Share Premium |
0.200 |
0.000 |
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TOTAL |
47.061 |
9.093 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
43.089 |
6.577 |
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Capital work-in-progress |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4.819
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0.000 |
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Sundry Debtors |
0.000
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0.000 |
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Cash & Bank Balances |
5.443
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1.985 |
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Other Current Assets |
1.120
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0.628 |
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Loans & Advances |
0.000
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0.000 |
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Total
Current Assets |
11.382
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2.613 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
8.413
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0.364 |
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Provisions |
0.000
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0.000 |
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Total
Current Liabilities |
8.413
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0.364 |
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Net Current Assets |
2.969
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2.249 |
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MISCELLANEOUS EXPENSES |
1.003 |
0.267 |
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TOTAL |
47.061 |
9.093 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
--
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-- |
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Net Profit Margin (PBT/Sales) |
(%) |
--
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-- |
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Return on Total Assets (PBT/Total Assets} |
(%) |
--
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-- |
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Return on Investment (ROI) (PBT/Networth) |
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--
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-- |
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Debt Equity Ratio (Total Liability/Networth) |
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2.73
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0.43 |
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Current Ratio (Current Asset/Current Liability) |
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1.35
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7.17 |
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LOCAL AGENCY
FURTHER INFORMATION
From No. 8
- Date and description
of the instrument creating the charge. : On 28.09.2005. deed of Hypothecation executed by the Company in
favor of Small Industries Development Bank of India [ herein after
referred to as SIBDI”] by way of first charge in respect of moveable properties
of the company described in the schedule A-1 annexed, certified copy of
the said certificate is enclosed.
On 30.09.2005, No
instrument was executed Mortgage by deposit of title deeds with Small
Industries Development Bank of India (SIBDI) was created by the company in
favor of SIDBI by way of first charge in respect of the immovable properties of
the company described in the schedule the due repayment and discharge by the
Company to SIDBI of its TERM Loan of Rs.24.000 Millions together with interest,
further interest, liquated damages, costs, charges, expenses and all other
monies payable under the loan Agreement (s) / Letter(s) of intent / terms of
sanction as amended from time to time.
A certified copy of the said certificate is
enclosed.
- Amount
security by the charge / amount owing on security of the charge : Term loan
of Rs. 24.000 Millions under direct Credit Scheme [DCS] sanctioned to the
Company together with interest, further interest, liquidated damages,
costs, charges, expenses and all other monies payable by the Company to
SIDBI in terms of letter of intent dated 18.08.2005 and loan agreement
dated 28.09.2005 [ hereinafter referred to as “Loan Agreement”] between
the Company of the one Part and SIDBI of the other part.
- Short Particulars of the Property
Charged : i) Whole moveable, (save and expect book
debts) including the movable, plant, machinery, machinery computers,
furniture’s and fixtures, both present and future subject to prior charges
created and /or to be created in favour of the Borrowers Bankers on the
Borrowers stocks of consumable stores and book debts and such other
moveable as may be agreed to by SIDBI for securing the Borrowing for
working capital requirements in the ordinary course of business, short
particulars of whereof are given in the Schedule A
ii) the company moveable properties
including land and other immovable properties together with all building and
Structures thereon and all plant and machinery attached to each situated at
shed No-23, cat-II, SFS, DSSSIDC Complex, Rohtak Road, New Delhi – 110041
details are given in Schedule B-II
Whether installed or not and whether now
lying loose or in cases or which are now lying or stored in or about or shall hereinafter from time to time during
the continuance of the security be brought into or upon or be stored or be in
or about the Company’s premises, factory, showrooms and godowns or where else
the same me 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 whosesoever in the possession
of the company and either by way of substitution or addition.
- Gist of the
terms and conditions and extent and operation of the charge : The charges operate as first charge, to secure the due repayment and
discharged by the Company to SIDBI of its Term loan of Rs. 24.000 millions
under direct credit Scheme [ DCS] together with interest, further
interest, liquidated damages, expenses and all other monies payable by the
Company under the letters of sanction / letter of intent / modifications/
terms of sanction as amended / modified / renewed from time to time. the
company has undertaken to keep the hypothecated goods and mortgaged
properties in marketable and goods condition at its own costs and to
insure the same in the joint names of the
Company and SIDBI.
All the goods hypothecated and properties mortgaged and all realizations
and insurance proceeds thereof
and all documents in respect of the said security are to be kept
distinguishable and held as the exclusive
Property of SIDBI.
The Security created under the said Deed of Hypothecation to be
continuing security.
- Names,
addresses and description of the person entitled to charge. : Small Industries
Development Bank of India, Head Office, SIDBI Tower, 15 Ashok Marg,
Lucknow.
- Date and
brief descriptions of instrument modifying the charge. : N. A.
- Particulars
of modifications specifying the terms and conditions or the extent or
operation of the
charge in which modification is made and the
details of the modification. : N.A.
Company Profile
Ambey Laboratories (A.L.P.L) is a part of the renowned The
Ambey Group Of Industries that was established in the year 1977. The
Company began their business operations, manufacturing the disinfectant phenyl
under the brand name of “Trishul”. Success of this product spurred they
on to develop and expand manufacturing capabilities to include an
all-encompassing range of pesticides, herbicides, weedicides, insecticides
& fungicides.
A.L.P.L.India provides effective crop protection products with the exclusive
range of herbicides, weedicides, insecticides and fungicides.Their range of
2-4-D Herbicides with the lowest unit-acreage rates, are among the most
economical of crop protection solutions available anywhere in the world. They
have been widely used to effectively combat weed growth worldwide.
Over the three decades of it’s
existence, the company has consistently expanded its business by strategically
investing in advanced manufacturing facilities & marketing networks. Today
The Company have 5 Sale Office located in various parts of India with a
state-of-the automated manufacturing plant strategically located at Behror, off
the NH-8 Highway.
Directors
Mr. Anil Gupta (Chairman· & MD)
Mr. Kewal Sehgal· (Chairman & MD)
Mr. Archit Gupta·
Mr. Rakshit Sehgal
Products
The Company offer complete crop protection
solutions for their customers worldwide, and their product range includes the
following:
- Herbicides
- Weedicides
- Natural
Organic Fungicides
- Natural
Organic Insecticides
Enhanced Crop
Protection
Weed infestation
results in losses of millions of dollars through the destruction of crops
worldwide. By targeting weeds and protecting crops, their herbicides increase
the productivity of crop yields.
Economical, Effective Weed Control
Safe and reliable, their range of herbicides selectively target weeds and do
not cause any damage to crops , humans or animals. Their range of post-emergent
herbicides selectively and systematically target weeds that infest a variety of
cereal crops such as Wheat, Rice, Tea, Maize, & Sugarcane. 2, 4-D has the
lowest unit-acreage rates among all herbicides. It is also used to control
weeds in non-agricultural areas such as grasslands, turfs, lakes, lawns, ponds
etc.
Commitment To Their Customers
The Company are committed to providing high quality products at economical
rates and in stringent delivery schedules. The Company routinely obtain
feedback from their customers about their products. The Company aim to have a
consistent & sustained dialogue with their customers to develop and
integrate their suggestions and requirements into their business operations. This two-way
communication has constantly spurred us onto innovate on their production line
and develop & enhance the quality of their products.
Query
If you have any doubts about their operations or products, do feel free to get
in touch with they. Analytical reports of their products as well as samples can
be obtained on request. The Company look forward to hearing from you.
Herbicides
Herbicides
is a type of pesticide, which is widely used to kill unwanted plants. The
chemical composition is used to kill certain targets while leaving the desired
crop relatively unharmed.
The Company Selective Herbicides are:
2,4-D
Sodium Salt 80% WP CIR-51,623/2005-2,4-D
Sodium Salt(WP)(256)-1022 F No.1.757-F/2005
2,4-D
Ethyl Ester 38% E.C. CIR-51,625/2005-2,4-D
Ethyl Ester(EC)(256)-1024 F.No.1.759F-/2005
2,4-D
Amine Salt 58%S.L. CIR-51,626/2005-2,4-D
amine Salt (Sl)(256)-1023 F No.1.758-f/2005
Bachelor
EC License
Received
Bachelor-50%
EC License Received
2,4-D
Acid 98% W.P.
2,4-D
Amine Salt 28% S.L.
2,4-D
Ethyl Ester Technical
2,4-D
Ethyl Ester 20% W.P. (Containing for 2,4-D Acid 18% W/W)
The
Company forthcoming Herbicides are:
- Isoproturon
Technical
- Atrazine
Technical
- Atrazine
50% W.P.
- Piroxofop-Propinyl
- (Clodinafop-propargyl)15%
W.P.
- Butachlor
Technical
- Butachlor
60% EC
Insecticides
This is one
of the type of pesticide, whose main purpose is to kill or to prevent the
multiplication of insects. This pesticide is made in the way that it is not harmful
for the crops.
The Company forthcoming Insecticides are:
- Imidachloprid
Technical
- Chlorpyriphos
Technical
- Acetamiprid
20% SP
- Imidacloprid
17.8% SL
- Cypermethrin
5% EC
- Lambda
Cyhalothrin Technical
- Lambda
Cyhalothrin 5% EC
- Thiamethoxam
Technical
- Chlorphyriph
OS-48% EC
- Dimethoate-44%
EC
The Company forthcoming
House Hold Insecticides are:
- Alletrin
0.5% Mosquito coil
- Cypermehrin-1%
- Propoxur
1% Spray
Fungicides
Fungal
diseases spread readily by spores, which can be carried by wind, water, and
other organisms. The best way of handling fungal problems is usually through
prevention (removing and/or destroying diseased plant litter, refraining from
overwatering, and providing for good air circulation around plants). Fungicides
are often used as prevention. Fungicides are chemical compounds used to prevent
the spread of fungi in gardens and crops, which can cause serious damage to the
plants.
The Company forthcoming fungicides are:
- Hexaconazole-5%
EC
- Hexaconazde
Technical
Weedicides
This is a kind of Fertilizer,
which is widely used in agriculture now a days to prevent the infection to the
plants.
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.43.59 |
|
UK Pound |
1 |
Rs.85.53 |
|
Euro |
1 |
Rs.58.14 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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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 |
YES |
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--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
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 |
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--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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 |
|