MIRA
INFORM REPORT
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Report Date : |
12.09.2007 |
IDENTIFICATION DETAILS
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Name : |
BASF CONSTRUCTION CHEMICALS [ |
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Formerly Known As : |
DEGUSSA CONSTRUCTION CHEMICALS [ |
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Registered Office : |
C – 68, MIDC, Thane – |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
30.03.1995 |
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Com. Reg. No.: |
11-86988 |
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CIN No.: [Company Identification No.] |
U26950MH1995PTC086988 |
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TAN No.: [Tax Deduction & Collection Account No.] |
MUMM22624A |
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PAN No.: [Permanent Account No.] |
AAACM4701B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and Marketing of
Inorganic Chemicals, Miscellaneous Chemicals, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 530000 |
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Status : |
Good |
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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 experience 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 / Corporate Office / Headquarter/
Factory : |
C – 68, MIDC, Thane – |
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Tel. No.: |
91-22-2761992 / 93, 56164071 / 56134072 |
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Fax No.: |
91-22-27619242 |
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E-Mail : |
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Website : |
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Regional Office : |
Room No. 304, Nand Dham, Sector 11, CBD Belapur, Mumbai –
400614 |
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Tel. No.: |
91-22-27580837 / 38 |
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Mobile No.: |
91-9892023366 |
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Fax No.: |
91-22-27580839 |
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E-Mail : |
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Branch Office: |
29, Telefax : 91-80-5536859 Premises No. 7-B, 7th Floor, P.M. Towers, No. 37, Greams Road, Chennai
600 006 Telefax : 91 44 28290241 Tel : 91 422 2210815 TeleFax : 91 422 2210622 27/C, LIGH, B.K. Guda, S.R. Nagar, Mayur Apartment, 5th Floor, 3A, Telefax : 91 33 22814544 |
DIRECTORS
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Name : |
Mr. George R. M. Purchase (Foreigner) |
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Designation : |
Chairman |
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Address : |
Woodlea, Knowsley Grange, Charley New Road, |
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Date of Birth/Age : |
18.07.1951 |
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Date of Appointment : |
15.07.1996 |
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Name : |
Mr. Arvind Dokken (Foreigner) |
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Designation : |
Director |
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Address : |
C/o Bettor MBT SA, Irakleidon 103, 16673, Voula, |
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Date of Birth/Age : |
28.02.1957 |
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Date of Appointment : |
06.10.1997 |
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Name : |
Mr. Aditya Nehru |
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Designation : |
Director |
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Address : |
Flat A, F – 13, Hauz Khas Enclave, |
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Date of Birth/Age : |
21.03.1939 |
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Date of Appointment : |
06.10.1997 |
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Name : |
Mr. Matthias Peter Josef Hau |
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Designation : |
Director |
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Address : |
B – 17, Westend, |
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Date of Appointment : |
30.06.2005 |
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Name : |
Mr. Dauiel Joseph Crowin (Foreigner) |
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Designation : |
Director |
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Address : |
Sonnenberg Strasse 88, 8134, |
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Date of Birth/Age : |
19.04.1953 |
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Date of Appointment : |
07.03.2002 |
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Name : |
Mr. Mohan Raman |
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Designation : |
Director |
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Address : |
607, Wahat Al Nakeel, BinDubai, UAE |
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Date of Birth/Age : |
04.07.1957 |
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Date of Appointment : |
07.03.2002 |
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Name : |
Mr. D. Sitramaiah |
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Designation : |
Managing Director |
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Address : |
Chidambaram Plot No. 130, Sector 8, Vashi, Navi Mumbai –
400703, |
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Date of Birth/Age : |
15.02.1945 |
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Date of Appointment : |
04.12.2000 |
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Name : |
Mr. R. K. Ramanathan |
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Designation : |
Director |
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Address : |
B – 3, Nidhi Society, Sector – 16-A, Vashi, Navi Mumbai –
400703, |
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Date of Birth/Age : |
26.01.1939 |
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Date of Appointment : |
07.03.2002 |
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Name : |
Mr. Chadwick Iven |
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Designation : |
Director |
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Address : |
C/o Feb Middle East, Sharjah, UAE |
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Date of Birth/Age : |
16.05.1960 |
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Date of Appointment : |
06.10.1997 |
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Date of Ceasing : |
07.03.2002 |
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Name : |
Mr. Suerken Hans P |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
15.06.1942 |
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Date of Appointment : |
23.03.2001 |
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Date of Ceasing : |
06.09.2001 |
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Name : |
Mr. Erb Thomas |
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Designation : |
Director |
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Address : |
Sonnenberg Srasse 71, CH – 8134, |
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Date of Birth/Age : |
06.05.1945 |
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Date of Appointment : |
06.10.1997 |
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Date of Ceasing : |
13.03.2001 |
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Name : |
Mr. Hjeltnes Hans |
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Designation : |
Director |
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Address : |
Plot 130, Sector – 8, Vashi, Mumbai – 400703, |
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Date of Birth/Age : |
02.04.1946 |
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Date of Appointment : |
08.12.1997 |
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Date of Ceasing : |
04.12.2000 |
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Name : |
Mr. Manfred Knoll |
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Designation : |
Director |
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Address : |
Vasant Vihar E – 9/6, |
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Date of Birth/Age : |
16.11.1942 |
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Date of Appointment : |
10.12.2001 |
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Name : |
Mr. Wagh Dattatray Shrikant |
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Designation : |
Director |
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Address : |
Vishwas, |
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Date of Birth/Age : |
19.01.1934 |
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Date of Appointment : |
01.01.1998 |
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Date of Ceasing : |
31.12.2001 |
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Name : |
Mr. Prasad Chandran |
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Designation : |
Additional Director |
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Address : |
16 B, |
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Date of Birth/Age : |
20.04.1952 |
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Date of Appointment : |
24.01.2007 |
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Other Directorship
: |
BASF Polyurethanes India Limited U24130MH2005PLC152467 BASF Coatings [ U99999MH2002FTC135177 BASF India Limited L33112MH1943FLC003972 BASF Catalysts India Private Limited U27105TN1997PTC038189 Engelhard Asia Pacific [ U67120MH1996PTC101170 The Indo German Chamber of Commerce U99999MH1956PTC009708 Federation of Indian Chamber of Commerce and Industry
Executive Committee Member U99999DL1967PTC002635 |
KEY EXECUTIVES
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Name : |
Mr. Pramod Patil |
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Designation : |
Dy. Regional Sales Manager |
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Email : |
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Name : |
Mr. A. Venkata |
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Designation : |
Sales Coordinator |
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Email : |
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Name : |
Mr. Himanshu kapadia |
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Designation : |
General Manager – Sales and Marketing |
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Email : |
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Name : |
Mr. Upen Patel |
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Designation : |
Marketing Manager |
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Email : |
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Name : |
Mr. J. Ram Kumar |
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Designation : |
Financial Contorller |
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Email : |
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Name : |
Mr. Aninda Shome |
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Designation : |
Purchase Manager |
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Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No.
of Shares |
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Degussa Construction Chemicals GmbH |
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2464880 |
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Degussa Construction Chemicals [Schweiz] Ag |
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05 |
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Total
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2464885 |
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Equity
Share Breakup |
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Category
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Percentage
of Holding |
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Bodies corporate |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Marketing of
Inorganic Chemicals, Miscellaneous Chemicals, etc. |
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Products : |
Ř
Inorganic Chemicals Ř
Miscellaneous
Chemicals |
PRODUCTION STATUS
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Particulars |
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Installed Capacity MT
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Miscellaneous Chemicals |
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9000 |
GENERAL INFORMATION
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Bankers : |
Ř
ICICI Bank Limited 215, Free
Press House, Mumbai – 400 021, Ř
HDFC Bank Limited Sandoz
House, |
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No. of Employees : |
150 |
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Banking
Relations : |
Good |
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Auditors : |
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Name
: |
Sharp and Tannan Chartered Accountants |
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Address
: |
Ravindra Annexe, 194, Churchgate Reclamation, |
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Parent Company: |
MBT Holding AG, Vulkanstrasse
110, CH-8048, |
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Associates/Subsidiaries : |
BASF Polyurethanes India Limited U24130MH2005PLC152467 BASF Coatings [ U99999MH2002FTC135177 BASF India Limited L33112MH1943FLC003972 BASF Catalysts India Private Limited U27105TN1997PTC038189 Engelhard Asia Pacific [ U67120MH1996PTC101170 The Indo German Chamber of Commerce U99999MH1956PTC009708 Federation of Indian Chamber of Commerce and Industry
Executive Committee Member U99999DL1967PTC002635 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
2,464,885 |
Equity Shares |
Rs. 10/- each |
Rs.
24.649 Millions |
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 |
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24.649 |
24.649 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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110.332 |
103.852 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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134.981 |
128.501 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL
BORROWING |
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0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
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134.981 |
128.501 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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42.168 |
39.342 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
|
4.558 |
3.497 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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30.805 |
28.304 |
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Sundry Debtors |
|
157.948 |
104.763 |
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Cash & Bank Balances |
|
50.110 |
33.420 |
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Other Current Assets |
|
0.000 |
0.000 |
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Loans & Advances |
|
105.684 |
77.406 |
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Total Current Assets |
|
344.547 |
243.893 |
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Less :
CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
|
122.124 |
73.039 |
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Provisions |
|
134.168 |
85.192 |
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Total Current Liabilities |
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256.292 |
158.231 |
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Net Current Assets |
|
88.255 |
85.662 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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134.981 |
128.501 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
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Sales Turnover (Including Other Income ) |
|
576.377 |
371.960 |
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Total Income |
|
576.377 |
371.960 |
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Profit/(Loss) Before Tax |
|
83.238 |
52.736 |
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Provision for Taxation |
|
0.000 |
0.000 |
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Profit/(Loss) After Tax |
|
83.238 |
52.736 |
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Expenditures : |
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Interest |
|
0.104 |
0.000 |
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Depreciation & Amortization |
|
6.432 |
7.113 |
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Other Expenditure |
|
486.603 |
312.110 |
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Total Expenditure |
|
493.139 |
319.223 |
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KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
14.44 |
14.17 |
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Net Profit Margin (PBT/Sales) |
(%) |
|
14.44 |
14.17 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
21.52 |
18.61 |
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Return on Investment (ROI) (PBT/Networth) |
|
|
0.61 |
0.41 |
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Debt Equity Ratio (Total Liability/Networth) |
|
|
1.90 |
1.23 |
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Current Ratio (Current Asset/Current Liability) |
|
|
1.34 |
1.54 |
LOCAL AGENCY FURTHER INFORMATION
The subject was originally incorporated on 30th March 1995 as
“SANDOZ MBT [
FIXED
ASSETS
·
·
·
Plant And Machinery
·
Motor Vehicles
·
Computers
·
Office Equipments
Website details are attached herewith:
Corporate Profile
MBT - Master Builders Technologies
– is the flagship brand within the construction Chemical division of Degussa
AG.
MBT India an ISO 9001:2000
Company, is the wholly owned subsidiary of MBT Holding,
The company comprises
manufacturing plants for liquid admixtures, powder and resin products. A
development centre, training facility and six branches provide products,
technical and marketing services to contractors, specifiers and owners.
MBT India also exports products to affiliate companies in the region.
'Local experience, Global
expertise' is the motto followed by the company to provide latest trends and
product systems to the Indian construction industry. The sales and support is
provided by well qualified engineers, trained in
Subject is a chemical company: Its portfolio ranges from
chemicals, plastics, performance products, agricultural products and fine
chemicals to crude oil and natural gas. As a reliable partner to virtually all
industries, BASF's intelligent system solutions and high-value products
help its customers to be more successful. BASF develops new technologies and uses
them to open up additional market opportunities. It combines economic success
with environmental protection and social responsibility, thus contributing to a
better future. BASF has approximately 94,000 employees and posted sales of more
than €42.7 billion (approximately $50.4 billion) in 2005.
The Construction Chemicals Division of the BASF Group is the
world's largest provider of construction chemicals products, systems and
services for new construction, repair and renovation. The business focuses on
two product-oriented segments: Admixture Systems and Construction
Systems.
The admixture systems consist of products and technologies
for improving ready-mix & site-batched concrete, pre-cast, manufactured
concrete products and underground ground construction systems including
shotcrete, anchoring, and ground stabilization. The company also provides state
of the art equipments for sprayed concrete & light weight
concrete.
The construction systems consist of products for sports
industrial & decorative flooring, coatings strengthening, precision grouts,
sealants & adhesives and expansion joints.
BASF Construction Chemicals is committed to engineering
quality solutions to drive the concrete industry forward. Through
constant research and development in to new products, systems, application
methods and equipment, they add value to concrete.
Improve, Protect & Repair The challenges of today’s
construction industry increasingly demand materials that ensure long – term
equilibrium between the performance requirements of a structure on one hand and
economics, quality, safety, aesthetics and the environment on the other.
At the core of BASF’s business philosophy is development of
solutions to improve, protect and repair concrete whilst maintaining this
balance.
Integrated solutions
The result of specifying BASF as a single source of supply
is a guarantee of value, performance and durability of inclusive systems,
supplied against the highest international quality standards.
A single source of supply provides the benefits of one point
of contact for the specifiers, contractor and a single point of material
responsibility for the client.
No other single manufacturer can offer such complete,
complimentary systems or tailor integrated solutions to often complex site
dynamics.
BASF’s product includes Integrated System Packages for:
- Airports
& Cargo Handling
- Automobile
assembling
- Bridges &
flyovers
- Car parks
& podiums
- Chemicals
& mineral processing
- Electronics
manufacturing
- Food and
beverage production
- Foundation
protection
- Hospitals
& Health care
- Industrial
construction
- IT & ITeS
office spaces
- Jetties &
marines construction
- Kitchens
& Catering facilities
- Luxurious
& Mass Housing
- Oil, Gas and
petrochemicals
- Pharmaceutical
& Biotech
- Power project
construction
- Precast
concrete production
- Rails and
Highways
- Ready mix
concrete
- Schools &
Education institutes
- Shopping
malls and showrooms
- Swimming
pools & water bodies
- Tunneling
& mining
- Ware housing
- Water
treatment & storage
- Watertight
joints
Above all, BASF is a reliable partner whose products and
equipments are supported by professionals committed to providing a superior
quality service as their highest priority.
Construction
Chemicals
The BASF
Construction Chemicals division is a leading supplier of chemical systems and
formulations for customers from the construction industry. With continuous
innovation and tailor-made solutions in the field of concrete admixtures, the
Admixture Systems business unit helps their customers from the ready-mix,
prefabrication, and concrete products industries to be more successful. The
Construction Systems business unit offers products in the sectors of sports and
industrial flooring, exterior insulation, building products, façade systems,
and wood preserving agents. The division operates production sites and
distribution centers in more than 50 countries.
Construction Chemicals
Admixture
Systems
Construction
Systems
Construction
Chemicals
Construction
Chemicals
ICI Announces Rheodynamic concrete
Prize contest
Let the Pioneering work in Self
Compacting Concrete be known to the construction industry by participating in
the contest for the coveted Rheodynamic TM Concrete prize, sponsored
by Degussa – MBT, the leaders in Construction Chemicals.
Ř
The paper should
highlight the salient features of the project, construction methodology
adopted and the advantages derived by using self compacting concrete. Adequate
photographs of the project should be included.
Ř
The paper should be
based on the work carried out in the year 2004-05 and should not exceed six A4
size pages.
Ř
Review and research
papers on SCC are not entitled for the prize.
Ř
Paper to be sent to
ICI headquarters to Secretary General, Indian Concrete Institute, ocean
Crest, New No.79 (old No. 35), 3rd Main Road, Gandhi Nagar, Adyar,
Chennai 600 020, Tel: (044) 2491 2602, Fax: (044) 2445 5148, Email: ici3@vsnl.in superscribed as PAPER ON SCC – COMPETITION
Ř
The best paper selected
by ICI will carry a cash award of Rs. 15,000/-, a plaque and a certificate.
Ř
Last date for
submission of papers, July 31st, 2005.
SCC (Rheodynamic TM Concrete) is
described as:-
“Concrete that is able to flow under its own weight and completely fill
the formwork, even in the presence of dense reinforcement, without the need of
any vibration, whilst maintaining homogeneity".
Degussa – MBT championed the art
of SCC through the state – of – the - technology admixtures, the GleniumTM
system
MBT India turns Ten
Mr. D.sitaramaiah (at the mike) and Mr.
Dick Purchase addressing civil Engineers at Mumbai.
When MBT (to be renamed shortly
as Degussa Construction Chemicals)
entered
MBT
India chose two segments to enter the Indian market - the Hydel power
segment where the company's expertise with shotcrete accelerators, plasticizers
and spray equipment could contribute by bringing in new technology, followed by introduction of proven technology
in admixtures for Ready Mix Concrete segment.
Imported products, a lean local sales team supported heavily by
specialists from
Ten years on...
Today,
this late entrant to the Indian Construction Chemicals scene has already
reached a leadership position in several areas offering some unique
technologies and a wide range of
products.
With
the focus on infrastructure projects and the ubiquitous construction activity
in all segments of the Indian economy, MBT India saw the opportunity for
bringing in advanced technology products in admixtures, waterproofing, repair
and performance flooring. This resulted
in multifold growth necessitating additional manufacturing facilities. The new technologies found quick acceptance
at prestigious sites like Delhi Metro, Nuclear Power Corporation projects, mega
hydel power projects and with leading civil engineering contractors in the
country.
Adding Manufacturing facility at
In
2004, MBT India set up manufacturing facilities at
Mr.
Dick Purchase, Chairman of MBT India based in
Speaking
to the assembled gathering on this occasion, Mr. Purchase declared, "we are committed to ensure a fast rate
of growth of our Construction Chemicals business in
The
factory inauguration formed part of the 10 year celebrations at
At Mumbai :
MBT
India with its head quarters and main manufacturing facility at Navi Mumbai
held a series of functions at Mumbai to celebrate the 10th
Anniversary recently.
Mr.
D.Sitaramaiah, Managing Director, remarked "we were able to achieve a fast
rate of growth using our specialist knowledge in areas like shotcrete
accelerators, Tunnel Boring Method (TBM), Self Compacting Concrete etc. thanks to the encouragement of our
customers. Our objective is to speed up
the rate of growth using the various other unique technologies available from
the Degussa Construction Chemicals portfolio and Degussa's willingness to
invest in people and facilities in
The
celebrations coincided with the visit of Chairman Mr. Dick Purchase, Mr. A.K.
Nehru, Mr. Arvid Dokken and Mr. Raman Mohan (all Directors), and included a
customer meeting, an employee function at the HO premises and a get together of
the company's business associates like suppliers, bankers, auditors, service
providers etc. At the customer get
together Mr. Dick Purchase reiterated the group's commitment to
Mr. H.
Kapadia, GM - Sales & Marketing of MBT India expressed the opinion that he
and his team are optimistic of becoming the No. 1 Construction Chemical suppliers in
ICI - Degussa Rheodynamic Concrete prize to
ICI – Degussa Rheodynamic
concrete prize was instituted recently after seeing the amount of enthusiasm of
Indian Civil Engineer about the new technology Self Compacting concrete at the
International Seminar at Pune in September'03. The objective of the prize was
to encourage work at field level in developing and use of Self compacting
contract to solve problems associated with placing and finishing concrete.
The prize
carried a cash award and a silver plaque. This year, altogether 12 papers
were received competing for the prize. All the papers were of high
quality with practical orientation to the work carried out. The selection
committee, appointed by ICI, after much deliberation selected the paper
submitted by Mr. S.R. Vachhani (L&T, ECC Division), Mr. Rajiv Chaudhary
(General Consultant) and Mr. Semnath Jha (International Metro Civil Contractors
– IMCC), who, working as a team used substantial quantity of SCC to solve
problems at the Delhi Metro project. Glenium 51 and Glenium Stream-2 were
used for making the SCC mix.. .Seeing the enthusiasm exhibited about this
prize, MBT India has indicated to ICI that this prize will continue in future
also.
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.40.58 |
|
|
1 |
Rs.82.22 |
|
Euro |
1 |
Rs.55.97 |
SCORE & RATING EXPLANATIONS
|
SCORE
FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
63 |
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. |
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 |
|