MIRA
INFORM REPORT
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Report Date : |
28.05.2007 |
IDENTIFICATION DETAILS
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Name : |
OMKAR SPECIALITY
CHEMICALS PRIVATE LIMITED |
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Registered Office : |
W92 - (A), M.I.D.C
Mankivili, Badlapur (East), District-Thane, Maharashtra, Pin Code : 421503, |
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Country : |
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Financial as on : |
31.03.2006 |
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Date of Incorporation : |
24.02.2005 |
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Com. Reg. No.: |
11-151589 |
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CIN No.: [Company
Identification No.] |
U24110MH2005PTC151589 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUM003622D |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturing, Processing,
Formulating, Producing, Refining, Fermenting, Converting, Distilling,
Purifying, Blending, Buying, Importing, Stocking, Supplying, Selling,
Distributing, Trading, Exporting and dealing in all kinds and varieties of
Chemicals of Various Specifications, Purities, Nature including Speciality
Chemical, Organic and Inorganic Chemical and Compounds thereof, Bio Chemical,
Petro Chemical, Insecticides, Cleaning Chemical, Chemical Compounds,
Laboratory Chemicals, Scientific Chemicals, Agriculture Chemical, Heavy
Chemical, Pharmaceutical Chemical, Fine Chemical, Photographic Chemical,
Water Chemical and all or any of the by – products resulted therefrom,
Whether used presently or to be invented in future for Industrial, Medical,
Pharmaceutical, Agriculture, Domestic, Household, Waste Treatment |
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 150000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having satisfactory track
records. Directors are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
W92 - (A),
M.I.D.C Mankivili, Badlapur (East), District-Thane, Maharashtra, Pin Code :
421503, |
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Tel. No.: |
91-251-2690651/2691602/2697319 |
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Fax No.: |
91-251-2691572 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Pravin Shivdas Herlekar |
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Designation : |
Director |
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Address : |
“Sitaram”, Genesh
Chowle, Manjali, Badlapur (West), District – Thane – 421503 |
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Name : |
Mr. Shivdas Ramrao Herlekar |
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Designation : |
Director |
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Address : |
“Sitaram”, Genesh
Chowle, Manjali, Badlapur (West), District – Thane – 421503 |
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Name : |
Mrs. Anjali Pravin Herlekar |
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Designation : |
Director |
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Address : |
“Sitaram”, Genesh
Chowle, Manjali, Badlapur (West), District – Thane – 421503 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Pravin Herlekar |
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900 |
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Shivdas Herlekar |
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50 |
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Anjali Herlekar |
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50 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing, Processing,
Formulating, Producing, Refining, Fermenting, Converting, Distilling,
Purifying, Blending, Buying, Importing, Stocking, Supplying, Selling,
Distributing, Trading, Exporting and dealing in all kinds and varieties of
Chemicals of Various Specifications, Purities, Nature including Speciality
Chemical, Organic and Inorganic Chemical and Compounds thereof, Bio Chemical,
Petro Chemical, Insecticides, Cleaning Chemical, Chemical Compounds,
Laboratory Chemicals, Scientific Chemicals, Agriculture Chemical, Heavy
Chemical, Pharmaceutical Chemical, Fine Chemical, Photographic Chemical,
Water Chemical and all or any of the by – products resulted therefrom,
Whether used presently or to be invented in future for Industrial, Medical,
Pharmaceutical, Agriculture, Domestic, Household, Waste Treatment |
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Products : |
Chemical |
GENERAL INFORMATION
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No. of Employees : |
About 150 |
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Bankers : |
Citi bank N.A, Citibusiness,
Citibank Centre, 2nd Floor, Bandra Kurla Complex, Bandra (East), Mumbai;400051,
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. P V Kaamat Chartered Accountant |
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Address : |
H12 Khankdelwal Bhavan 2nd floor 166 Dr. D. N. Road
Mumbai;400001, |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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26200 |
Equity Shares |
Rs.100/-
each |
Rs.2.620
Millions |
FINANCIAL DATA
[all figures are
in Rupees 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] Share Capital |
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2.620 |
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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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35.509 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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38.129 |
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LOAN FUNDS |
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1] Secured Loans |
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72.207 |
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2] Unsecured Loans |
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4.444 |
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TOTAL BORROWING |
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76.651 |
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DEFERRED TAX LIABILITIES |
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0.195 |
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TOTAL |
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114.975 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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8.610 |
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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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46.329
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Sundry Debtors |
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70.523
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Cash & Bank Balances |
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0.544
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Other Current Assets |
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6.030
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Loans & Advances |
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13.401
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Total
Current Assets |
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136.827
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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30.570
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Provisions |
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0.000
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Total
Current Liabilities |
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30.570
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Net Current Assets |
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106.257
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MISCELLANEOUS EXPENSES |
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0.108 |
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TOTAL |
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114.975 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
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Total Income |
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265.069 |
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Profit/(Loss) Before Tax |
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21.144 |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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21.144 |
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Expenditures : |
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Interest |
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5.118 |
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Other Expenditure |
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238.807 |
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Total Expenditure |
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243.925 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
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PAT / Total Income |
(%) |
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7.98 |
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Net Profit Margin (PBT/Sales) |
(%) |
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7.98 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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14.54 |
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Return on Investment (ROI) (PBT/Networth) |
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0.55 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.80 |
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Current Ratio (Current Asset/Current Liability) |
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1.28 |
LOCAL AGENCY FURTHER INFORMATION
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Corporate
identity number of the company |
U24110MH2005PTC151589 |
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Name of the
company |
OMKAR SPECIALITY
CHEMICALS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
23, Vrindavan , 4
bungalows Road, Andheri (West), Mumbai’;4000558, |
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This form is for |
Modification of
Charge |
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Type of charge |
Hypothecation Equitable
mortgage of Property by depositing the title deeds |
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Particular of
charge holder |
Citi bank N.A, Citibusiness,
Citibank Centre, 2nd Floor, Bandra
Kurla Complex, Bandra (East), Mumbai;400051, |
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Nature of
instrument creating charge |
Composite
Hypothecation Agreement excited by Omkar Speciality Chemicals Private Limited
in favour of Citibank N.A. |
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Date of
instrument Creating the charge |
23.06.2005 |
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Amount secured by
the charge |
Total Working
Capital Rs.63.000 Millions which is allocated to there group including Omkar Spatiality
chemicals Private Limited and Rischicjem Research Private Limited |
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Brief of the
principal terms an conditions and extent and operation of the charge |
In consideration
of the lender having agreed to lend advance to the company the said credit
facilities under the agreement, the company convents inter alia, as follows: 1) The company do replay the facility as
mentioned in 2) above and pay interest and all other monies in the manner set
out in the said agreement between the company and the lender and to comply
with the terms and conditions of the said agreement. 2) The charge on the current assets and fixed
assets(including stock, book debts, and plant and machinery) hypothecated to the
lender will rank first pari passu with the existing working capital lenders,
The above assets will be under charge
as per above towards the repayment of credit facilities with all interest ,
liquidated, damages, premia or prepayment or on redemption \, costs, charges,
and other expenses payable by the company to the lender in respect thereof. 3) The company t keep the said assets in
marketable and good conditions and also insured as provided therein. 4) Power of entry, power to take charge and /
or possession of seize, recover, receive, appoint and sell, contract,
dispatch for realization or otherwise dispose of or deal with all or any part
of the said goods; etc, as provided therein. |
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Description of
the property charged |
Plant and
machinery Furniture and
Fixture Stock in trade |
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Particulars of
the property charged |
The whole of
movable assets, including plant and machinery, both present and future stocks
of raw material, goods in process of manufacture, semi finished goods and all
finished and manufactured goods and articles together with all stores,
components and spares which now belongs to and pertains to, or may hereafter from time to time during
the continuance of this security belongs to and pertains to the Omkar
Speciallity Chemicals Private Limited and which are shall or may be brought
into stored or be in or upon or about the Omkar Speciality Chemicals Private
Limited factory, godowns and/or their premises wherever else the same may be
situated stored or lying or being including any such raw materials,
inventories articles or goods any stores spares omkar Spatiality chemicals
Private Limited and all of the Omkar Speciallity Chemicals Private Limited
Present and future book debts, outstanding Monies, receivables Claims bills
investments, rights to or on movables assets forming part of current and
movable fixed assets which may at any tie hereafter during the continuance of
this security becomes due, owing payables or belonging to or pertaining to
the Omkar Speciallity Chemicals Private Limited in the course of its business
and together with all benefits, advantage and legal incidence thereof. |
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Name of the company |
Omkar Spatiality
Chemicals Private Limited |
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Presented By |
Mr. P. S.
Herlekar |
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1) Date and description of instrument creating the change |
Composite
Hypothecation Agreement dated:23.06.2005 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Total working capital
facilities for rs.63.000 Millions which is allocated to group including Omkar
Spatiality Chemicals Private Limited and Rishichem Research Private Limited |
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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
Movable assets including plant and machinery, both present and future, stocks
of raw materials, goods in process of manufacture, semi finished goods and
all finished and manufactured goods and articles together with all stores
components and spares which now belongs to and pertains to or, may hereafter
from time to time during the continuance of this security belongs to and
pertains to the M/s. Omkar Specialty Chemicals Private Limited and which are
or or shall or may be brought into
stored or be in or upon or about
the Omkar Specialty chemicals Private
Limited Factory Godowns, and/or their premises wherever else the same may be
situated, stored or lying or being including any such war materials,
inventories articles or goods any stores spares and Component or
other similar movable assets in course of transit or delivery to the Omkar specialty Chemicals Private Limited
and all of the Omkkar Specialty chemicals Private limited present and future
book debts. Outstanding Monies, receivables claims, bills, investments,
rights to or on moveable properties and movable assets forming part of
current and movable fixed assets which are now due owing or payable or
belonging to or pertaining to the Omkar specialty Chemicals Private Limited
or which may at any time hereafter during the continuance of this security
become due owing payable or belonging to or pertaining to the Omkar Specialty
Chemicals Private Limited in the course of its business and Together with all
benefits advantages and legal incidence thereof. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
In consideration
of the lender having agreed to lend advance to the Borrowers the said credit facilities,
the Omkar Chemicals Private Limited convenants inter alia as follows:
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5) Name and Address and description of the person entitled to the charge. |
CITI Bank N.A. Citigroup Bandra Kurla
Complex, G- Block Bandra (E), Mubai51 |
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6) Date and brief description of instrument modifying the charge |
-- |
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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. |
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Corporate
identity number of the company |
U24110MH2005PTC151589 |
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Name of the
company |
OMKAR SPECIALITY
CHEMICALS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
23, Vrindavan , 4
bungalows Road, Andheri (West), Mumbai’;4000558, |
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This form is for |
Modification of
Charge |
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Type of charge |
Hypothecation Equitable
mortgage of Property by depositing the title deeds |
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Particular of
charge holder |
Citi bank N.A, Citibusiness,
Citibank Centre, 2nd Floor, Bandra Kurla Complex, Bandra (East),
Mumbai;400051, |
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Nature of
instrument creating charge |
-- |
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Date of
instrument Creating the charge |
The Company has created
a mortgage by deposit of title deeds relating to company’s immovable
properties a security for the due payment, discharge and redemption by the
Omkar Speciality Chemicals Private Limited |
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Amount secured by
the charge |
-- |
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Brief of the
principal terms an conditions and extent and operation of the charge |
-- |
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Description of
the property charged |
Immovable
Properties |
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Particulars of
the property charged |
Equitable
Mortgage on first exclusive charge basis on property including factory land
and building located at : Plot no. W-92-A, F-24, MIDC, Badlapur, Thane:421503 |
As per website
Details:
Products
M.S.D.S for
indivudial product avalable on request.
IODINE DERIVATIVES
- Potassium
Iodide
- Sodium
Iodide
- Cuprous
Iodide
- Ammonium
Iodide
- Ferrous
Iodide
- Zinc
Iodide
- Sodium
Metaperiodate
- Potassium
Metaperiodate
- Hydriiodic
Acid (solution)
- Iodic
Acid
- Periodic
Acid
- Iodine Pentoxide
- Iodine
Monochloride
- Ethylenediamine
Dihydriodide / EDDI
- O-iodobenzoic
acid Methyl Ester
- Tetraethyl Ammonium Iodide
- Tetrabutyl Ammonium Iodide
- Iodoacetic Acid
- Diphosporous Tetraiodide
- Iodine Solution (0.5% Aq)
- Methyl
Iodide
- Ethyl
Iodide
- Butyl
Iodide
- Iodo Ethanol
- Trimethylsulfoxonium
Iodide
- Iodobenzene
- O-Iodophenol
- P-Iodobenzaldehyde
- O-Iodobenzoic
Acid
- P-Iodotoluene
- P-Iodoanisole
- P-Iodoaniline
- P-Bromoiodobenzene
- t-Butylhypoiodite (in CCl4)
- P-Chloroiodobenzene
- N-Iodosuccinimide
- 3,5
Diiodosalicylic Acid
- 4,4 Diiodo Biphenyl
2-Chloro-1-methyl Pyridinium Iodide
SELENIUM
DERIVATIVES
- Selenium
Dioxide
- Selenium
Sulfide U.S.P.
- Sodium
Selenite
- Sodium
Selenate
- Zinc
Selenite
- Copper
Selenate
- Barium
Selenite
- Ferrous Selenide
- Hydrogen Selenide (sol)
- Seleneous
Acid
- Selenic
Acid
- Sodium Selenide
- Diphenyl Selenide
- Benzeneseleninic
Anhydride
- Benzeneseleninic
Acid
- Diphenyl
Diselenide
- Selenophenol
(phenylselenol)
- Selenium Aspartate
- Phenylselenenyl
Chloride
- Phenylselenenyl
Bromide
- Selenourea
- L(+)
Selenomethionine
Selenium Tetrabromide
HYPERVALENT IODINE
- O-iodoxybenzoic
Acid
- Dess-martin
Periodinane
- Iodobenzene
Dichloride
- Iodobenzene
Diacetate / Diacetoxy iodobenzene
- Diphenyliodonium
Iodide
- Iodosylbenzene / iodosobenzene
MOLYBDENUM
& VANADIUM
·
Molybdic Acid.
·
Molybdenum Disulfide
ORGANIC
SPECIALITIES
·
Bromoacetic Acid
·
4-Quinolinecarboxyaldehyde
·
2-Quinolinecarboxyaldehyde
·
4,4' Ditertbutyl Biphenyl
·
3,4 Dihydroxy-5-nitro-Benzaldehyde
·
Pyridinium Dichromate
·
4-Chloro Thiobenzamide
·
t-Butyl Hypochlorite
·
DL-Camphoroquinone
·
Chromyl Chloride
Profile
Subject was founded in 1980 by Mr. P.S Herlekar, himself a B-Tech chemical engineer from IIT Bombay, with an objective to develop speciality reagents required for pharmaceutical industries.
Initially the company started with development of inorganic oxidants such as Molybdenum trioxide, Selenium dioxide, Sodium metaperiodate, Led tetra acetate etc.
Their company's association with other leading bulk drugs, pharmaceuticals & cosmetic manufacturers enabled them to Borden the business continuously improving the product range, with a dedication to both service & growth, they have developed a dynamic technical team which has enabled them to offer a direct line of organic-inorganic intermediates demanded by their customers.
As far as man power is concerned, they lay a great degree to emphasis on the quality of every member in their organization who are greatly qualified, widely experienced & dedicated technocrats, who constantly try to enhance the quality of their existing products & develop new products to meet the growing demands in the market.
Quality of the products is of paramount importance to them. They acknowledge
their responsibility to their customers to provide a quality assured service
which is the basis of their continuous growth.
All their products are made to the highest standards & are thoroughly checked for compliance for specifications.
The in house testing facility include, titrometric, potentiometric, iodometric, redox estimation process, they also have other common instruments for tests, such as melting point, KF moisture, UV , TLC, spectroscopy etc. they also have ancillary facility for chromatography & HPCL.
Research & development : Over the years, " Omkar Chemicals ", has widened its horizon & extended its capabilities to manufacture new generation chemicals & have developed many proprietary products. Research & Development group which is the nerve center of their organization has enabled to acquire a name in the chemical & allied industries. They also undertake custom manufacturing & job work for consumer requirements if any in their area of work. their specialization in the field of iodine chemistry has enabled them to widen their business world over.
Environmental aspects : Their factory is located in a notified industrial chemical zone in maharashtra industrial development corporation. They give utmost importance to complying with the requirements of maintaining the pollution level of the effluents. They have in house facilities for primary& secondary treatment after which the effluents are further treated in common effluent treatment plant located in their industrial area.
Future vision : Their success reflects the depth of their partnership with their costumers in providing products of quality &value. Their costumers are constantly in touch with them for development of new molecules to cater to their new products to be launched in the future, their attention to changes in requirements of both present & potential costumers will support a border relationship leading to innovative ideas, techniques & products for time to come
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.40.60 |
|
|
1 |
Rs.80.65 |
|
Euro |
1 |
Rs.54.55 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
|