MIRA
INFORM REPORT
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Report Date : |
18.05.2007 |
IDENTIFICATION DETAILS
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Name : |
KEM COLOUR INTERNAIONAL |
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Registered Office : |
PLOT No. 7207, GIDC Estate, Ankleshwar – 393002, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2000 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BRDK00912C |
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PAN No.: [Permanent
Account No.] |
AAFFK9164Q |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the partners. |
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Line of Business : |
Trader and Exporter of Dyestuffs, Pigments, Specialty Chemical and
Pharmaceutical Ingredient |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 6688 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established merchant exporter of bulk drugs and
pharmaceutical. Their trade relations are fair. Payments are usually correct and
as per commitments. Nothing adverse reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
Plot No. 7207, GIDC Estate, Ankleshwar – 393002 |
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Tel. No.: |
91-2646-220574/223638/329425 |
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Fax No.: |
91-2646-251627 |
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E-Mail : |
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Website : |
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Area : |
1162sq.fts |
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Location : |
Owned |
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Laboratory : |
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Area : |
1728sq.fts |
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Location : |
Owned |
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Warehouse : |
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Area : |
2304sq.fts |
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Location : |
Owned |
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Plant : |
2 storeyed Building |
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Area : |
1000sq.mts |
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Location : |
owned |
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PARTNERS
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Name : |
Mr. Rajesh Dudhat |
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Designation : |
Partner |
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Date of Birth/Age : |
29 Years |
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Qualification : |
Graduate, Post Graduat, Diploma in Management |
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Experience : |
9 Years |
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Name : |
Mrs. Lalitusen Dudhat |
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Designation : |
Partner |
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Name : |
Mrs. Harshaben Dudhat |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Trader and Exporter of Dyestuffs, Pigments, Specialty Chemical and
Pharmaceutical Ingredient |
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Products : |
] API
(Bulk Drugs) Phase
Transfer Catalyst |
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Exports : |
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Products : |
Dyestuffs, Pigments |
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Countries : |
Europe, |
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Purchasing : |
Cash, Credit (30 days), Open Terms |
GENERAL INFORMATION
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Customers : |
Wholesalers, End Users |
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No. of Employees : |
4 (3 Office, 1 Laboratory) |
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Bankers : |
UTI Bank, Ankleshwar State Bank of Saurashtra, Ankleshwar |
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Facilities : |
The concern do not enjoy any facilities from its bankers |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
♦
Kohinoor Chemical, Ankleshwar Manufacture of Basis Dyes ♦
Manufacture of Basic Dyes and Intermediates ♦
Kohinoor Colour Private Limited, , Ankleshwar Manufacture of specialty Chemical and Pigments ♦
Kenoor Organies Private Limited, , Ankleshwar Manufacture of Pharmaceutical Intermediacies |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.500 millions |
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Borrowed : |
- |
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Total : |
Rs.1.500 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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19.800 |
9.700 |
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Expected Sales (2007-08) : Rs.35.000 millions
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Partners Capital |
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1.673 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.673 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.390 |
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TOTAL BORROWING |
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2.063 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.957 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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1.232 |
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Cash & Bank Balances |
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0.091 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.537 |
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Total
Current Assets |
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1.860 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.740 |
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Provisions |
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0.013 |
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Total
Current Liabilities |
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1.753 |
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Net Current Assets |
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0.106 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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2.063 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.04 |
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Current Ratio (Current Asset/Current Liability) |
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1.06 |
LOCAL AGENCY FURTHER INFORMATION
KOHINOOR GROUP AT GLANCE
KEMCOLOUR INTERNATIONAL is Export Division of KOHINOOR GROUP.
"KEMCOLOUR" was setup in the year 2000 to provide better service,
wide range of product from single window to our clients. Company is committed
to total quality Management (An ISO 9001 Certified).
"KOHINOOR GROUP" is one of the most reputed and leading producer of
Basic dyes, Solvent Dyes, Acid Dyes and Pharmaceuticals from
[+]
Mission, Vision, Value, Milestone
One
of greatest strength of KOHINOOR Group is its ability to develop customized
products. This policy of the group had helped to build close ties and mutual
trust with customers globally, thus increasing worldwide acceptance of its
products.
To
delight the customer by continuously developing new products tuned to evolving needs
and maintaining high standards of quality and efficiency in production and
prompt delivery.
Vision
To become an integrated dyestuffs, pigments and pharmaceutical manufacturing
group with unique product range, technology based products and strong footholds
in both Domestics and International Markets.
Value
# High priority to Customer Satisfaction.
# High Standards of Consistent quality and reliability.
# Promoting use of modern technology and practices.
# Minimising profitability for cost-effectiveness.
# Cultivating mutually rewarding relationships with its
# partners in business.
# Commitment to community development and
# environment protection.
# Empowerment of the company's performing units.
# Nurturing and developing human resources.
Milestone
Most of group companies are to acquired An ISO 14001 certification for its
commitment to Cleaner Production Technology and Environment Protection.
KOHINOOR
GROUP is one of the most reputed and reliable manufacturer
& supplier of Basic Dyes, Solvent Dyes & Pigments from
In the year 2002, KOHINOOR GROUP enters in manufacturing
the
They are also one of the few
companies, who can proudly announce that they follow all the Pollution Control
norms laid down by the Government for discharge of effluent from its production
activities. Company is managed by experienced professionals of Dyes &
Pigment industry, which provides an edge over competitors in understanding the
special requirements and better quality assurance along with most competitive
pricing. They are highly concerned and very particular to customer needs in
providing consistent quality products, competitive price and service.
Starting with a small
production facility, the group has grown multifold with manufacturing 13 group
of industries under one roof
They are highly responsive and
very particular to customer needs in providing International quality product
and prompt delivery in attractive packing. They also try to keep close
encounter with our customers and provide services after sales.
“THEY ARE SLOW TO
PROMISE BUT QUICK TO PERFORM,
SO, tHEIR SMALLEST STEP LEAD THEM TO SUCCESS "
Vision
- To become an integrated Dye, Pigment & Pharmaceutical
manufacturer with a unique product range, technology based products and strong
footholds in both domestic and global markets.
Values -
High priority to customer
satisfaction.
- High standards of consistent quality and
reliability.
- Promoting use of modern technology and
practices.
- Minimising profitability for
cost-effectiveness.
- Cultivating mutually rewarding relationships
with its partners in business.
- Commitment to community development and
environmental protection.
- Empowerment of the company's performing units.
- Nurturing and developing human resources.
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.40.90 |
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1 |
Rs.80.78 |
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Euro |
1 |
Rs.55.18 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
YES |
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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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54 |
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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