MIRA
INFORM REPORT
|
Report Date : |
12.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
A TO Z CHEMICALS |
|
|
|
|
Registered Office : |
8/1 Lalbazar Street, Mezzanine Floor, Room No. 10, Kolkata 700001,
West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
03.07.1974 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CALA00891C |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability of the
Partners |
|
|
|
|
Line of Business : |
Trader of Organic and Inorganic Chemicals, Glycerina, Maleic, Penta
etc. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed concern having satisfactory
track. Partners are reported as
experienced and respectable businessmen.
Trade relations are fair.
Business is active. Payments are
reported as usually correct and as per commitments. The concern can be considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
8/1 Lalbazar Street, Mezzanine Floor, Room No. 10, Kolkata 700001,
West Bengal, India |
|
Tel. No.: |
91-33-22483725 /22483793 / 22487032 |
|
Mobile No.: |
91-9830237473 |
|
Fax No.: |
91-33-22487072 |
|
E-Mail : |
|
|
Area : |
1200 Sq. fts. |
|
Location : |
Leased |
|
|
|
|
Branch 1 : |
406 B, Amartaru Building. New Nagen Das Cross Lane, Andheri [ East], Mumbai
400069, Maharashtra, India |
|
Tel. No.: |
91-22-66312300 / 66944099 |
|
Fax No.: |
91-22-23401750 |
|
|
|
|
Branch 2 : |
33, Balkrishna Chamber, 1/4, Issaji Street, Vadgadi, Mumbai - 400 003
Maharashtra, India |
|
Tel. No.: |
91-22-56312300 / 23401750 |
|
Fax No.: |
91-22-23401750 |
PARTNERS
|
Name : |
Mr. Balkishan Kedia |
|
Designation : |
Partner |
|
Mobile No. : |
91-9830237488 |
|
Date of Birth/Age : |
51 Years |
|
Qualification : |
Graduate |
|
|
|
|
Name : |
Mr. Pawan Kedia |
|
Designation : |
Partner |
|
Mobile No. : |
91-9830237473 |
|
Date of Birth/Age : |
45 Years |
|
Qualification : |
Graduate |
|
|
|
|
Name : |
Mr. Hiralal Kedia |
|
Designation : |
Partner |
|
Date of Birth/Age : |
60 Years |
|
Qualification : |
Graduate |
|
|
|
|
Name : |
Mr. Kamal Kedia |
|
Designation : |
Partner |
|
Mobile No. : |
91-9831274070 |
|
Date of Birth/Age : |
50 Years |
|
Qualification : |
Graduate |
|
|
|
|
Name : |
Mr. Vikash Kedia |
|
Designation : |
Partner |
|
Date of Birth/Age : |
30 Years |
|
Qualification : |
Graduate |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
|
|
Mr. Balkishan Kedia |
|
|
|
Mr. Pawan Kedia |
|
|
|
Mr. Hiralal Kedia |
|
|
|
Mr. Kamal Kedia |
|
|
|
Mr. Vikash Kedia |
|
|
BUSINESS DETAILS
|
Line of Business : |
Trader of Organic and Inorganic Chemicals, Glycerina, Maleic, Penta
etc. |
|
|
|
|
Products : |
Ř Acetic acid glacial Ř Acetone Ř Benzene Ř Butanol Ř Copper phthalocyanine blue Ř Copper phthalocyanine green Ř Cyclohexanone Ř Diacetone alcohol Ř Diethylene glycol Ř Epichlorohydrin Ř Ethyl acetate Ř Formic acid Ř Glycerine Ř Hexane Ř Indole Ř Iodine Ř Isopropyl alcohol Ř Methyl ethyl ketone peroxide Ř Methyl isobutyl ketone Ř Monoethylene glycol Ř Naphthalene Ř Paraffin wax chlorinated Ř Phenol Ř Phosphoric acid Ř Polyvinyl alcohol Ř Potassium carbonate Ř Potassium nitrate Ř Propylene glycol Ř Silica fumed Ř Sodium nitrate Ř Sodium sulphate Ř Solvent naphtha Ř Thiourea Ř Titanium dioxide anatase Ř Titanium dioxide rutile Ř Toluene Ř Xylene |
|
|
|
|
Exports : |
|
|
Countries : |
Ř South East Asia Ř Middle East
Countries Ř Bangladesh |
|
|
|
|
Imports : |
|
|
Products : |
Chemicals and Solvents |
|
Countries : |
Ř Malaysia Ř China Ř Korea |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit [30 days] |
|
|
|
|
Purchasing : |
L/C, Credit [30 days] |
GENERAL
INFORMATION
|
Suppliers : |
Ř Shalimar Paints
Limited Ř Khadim India
Limited Ř All other Paint
Industries |
|
|
|
|
No. of Employees : |
10-15 |
|
|
|
|
Bankers : |
Ř State Bank of
India, Kolkata 700 001 Ř ICICI Bank, R.
N. Mukherjee Road Branch |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Kaitan and Company Chartered Accountants |
|
Address : |
Old Court House Street, Kolkata 700 001 |
|
|
|
|
Memberships : |
Indian Chemical Merchants and Manufacturers Association |
|
|
|
|
Associates/Subsidiaries : |
Ř Avery Chemicals,
Kolkata Line of Business: Trader of Organic and Inorganic Chemicals,
Glycerina, Maleic, Penta etc. Ř R. G.
Corporation |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 2.500 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 2.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
|
31.03.2007 |
|
Sales Turnover [Estimated] |
|
|
5.000 |
Expected Sales (2007-08): Rs. 60.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
DETAILS
PROFILE
The concern was incepted in 1972, with the
company name A to Z chemicals, with a vision to move ahead in quality
and customer satisfaction. From that time only, they wanted to be a partner in
growth to national and multinational organizations as a source of quality
bulk,& fine chemicals and pharmaceutical chemical raw materials, organic
and inorganic chemicals &. Petrochemicals products.
Today they are one of the key players of the
industry with a well-facilitated manufacturing unit and a skilled team of
staffs to operate the whole process. They have their branch offices located in
Mumbai and Kolkata, from where they operate. The strategically location gives
an extra edge to enhance the business.
With aim to become a market leader in terms of technology and infrastructure,
they believe teamwork and hard labor will help them to get the pinnacles of
success. Moreover, a sound management system along with its constant quality
parameters throughout the years has enabled them to dream for more.
THEIR MISSION
With a mission become the market leader,
they are committed to provide the best of services to their customers and
suppliers as a tranparent, committed, responsible, responsive and reliable
business partner.
They intend to develop a strong and motivated team comprising of best of
professionals working sincerely towards achievement of the organization’s
objectives. To structure a strong knowledge capital both in terms of human
resources and database is their primary aim.
THEIR PHILOSOPHY
They believe in following strong ethical
practices that are able to lay a strong foundation for the organization. They
believe in maintaining long term relationships rather than investing on short
term gains. The principles, they consider, are the backbone for any company.
They believe that without sacrificing integrity and honesty, one can stay and
survive easily in a business and can succeed too.
They value their clients and the customer satisfaction is their highest
priority. They are primarily in the activity of importing, stocking and
distributing chemicals manufactured by internationally reputed organizations.
They provide easy accessibility to their customer through their wide marketing
network in all major metro cities and towns In India.
CAPABILITIES
They are a well networked and certified
chemical marketing company. Through their long industry expertise, they are
able to carve a niche for them in the extremely competitive chemical industry.
They focus on fair business practices and quality primarily to provide the best
to their customers and suppliers. A to Z Chemicals offer a cost effective, low
risk and prompt entry in to India for overseas suppliers by providing technical
& commercial selling scopes. Their local expertise in contacts and
relationships helps them in furthering their business to the optimum level.
With their quality infrastructure and team enhancing their capabilities, they
are recognized as one of the experienced organisation which acts as an
extension of the overseas principle in India
THEIR ROLE
They play a major role in the market by
providing the A-grade products to the customers and suppliers. They are
credited for the activities they do, among which the major ones are-importing
and stocking of products, selling products in small lots, reinforcing the
principal’s presence amongst a wide range of customers with verifying services
requirements, Product promotion, Sales, development of small and big business,
Customer support service, market information, government policy implications,
industrial scenario updates, Indian trade statistics, marketing strategy formulation
and budgeting, customer credit risk assessment, tender business, checking
product tampering and trademark infringement
Their major focus is on widenining customer base through their marketing
network, sales maximization at optimum pricing and development of new
applications.
PRODUCTS RANGE
They supply a wide
range of chemicals for the industry applications including agro chemicals,
construction chemicals, pharmaceutical chemicals ,Paints &. Printing Ink,
Leather, Rubber and other Industrial chemicals. Their major products include
Petrochemicals & Coaltar Products, Paints & Coating, Printing Ink &
Reducer, Agro Chemicals & Bio Chemicals, Water Treatment Chemicals,
Adhesive & Sealent, Textile & Auxilaries, Pharmasceutical Chemicals,
Resin,rosin & Forest Chemicals, Food Chemicals, Rubber Leather Chemicals
and Construction Chemicals.
QUALITY CONTROL
They are proud to be a trusted business partner of customers and
principals, offering the best supply chain management solutions for domestic
and overseas trade. For that, they maintain strict quality control for each of
the products they manufacture. They have employed a team of quality control
professionals who take care of the products so that it has no faults.
MANUFACTURING UNIT
They own a wide area specially dedicated for the manufacturing purpose,
which is well facilitated with modern tools and equipments. With the
well-equipped manufacturing unit, their team of technocrats and workers work
hand-in-hand to bring the best possible products. They have induced modern
technology in their manufacturing unit to enhance the productivity of the
products. The plant and machineries are checked and rechecked for the proper
working condition and are taken care of. They are having an infrastructure to
manufacture and cater in bulk.
WAREHOUSE AND PACKAGING
Their concern has a separate warehouse where all the finished products
are kept with utmost care. The warehouse is well maintained keeping in mind the
product's nature and properties. Separate well labeled chambers are provided to
each variety of the product to avoid mess ups. To ensure safety during
transportation of products, they have a fully managed packaging unit, where all
the chemicals are packed well.
To ensure safety during transportation of products, they have a fully
managed packaging unit, where all the chemicals are packed in specially packed
in moisture proof polythene and thermocol packets. In the second stage, all the
products undergo through bulk packaging, i.e., in corrugated cardboard cartoons
and wooden boxes. This insures each of the product against any tamper or
accidental damage
To ensure safety during transportation of products, they have a fully managed
packaging unit, where all the chemicals are packed in specially packed in
moisture proof polythene and thermocol packets. In the second stage, all the
products undergo through bulk packaging, i.e., in corrugated cardboard cartoons
and wooden boxes. This insures each of the product against any tamper or
accidental damage.
TRANSPORT AND LOGISTICS
They, at A to Z chemicals, are concerned towards providing optimum
services to their clients, which primarily includes timely delivery of
products. For that, they have good facilities for transportation of goods. They
export goods to Bangladesh and in India, they supply their products to mainly
Assam and Bihar. For all these purposes, they use the faster medium to
transport the goods to their clients.
Apart from that, they maintain good rapport with the travel agents to
get maximum facilities for delivery of the goods.
They have mastered the ways and means of doing business better with a
farsighted combination of vision, creative thinking, technology, logistics and
management services.
The sound logistics system they have helps them to get their business
flourished . They generally use the third party logistics to supply their
products. They don't have any distribution network or dealer network.
CLINTELE
They always stick to their quality, and for that, they are able to get
recognition by their clients in and outside India. Apart from that, their
timely delivery and ability to offer customized products today has enabled them
to win the trust of their clients all across the globe. The major clients they
deal include some big names, like, berger paints, Asian paints, ICI, Philis
India and many more to name in paint industry.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 39.29 |
|
UK Pound |
1 |
Rs. 77.02 |
|
Euro |
1 |
Rs. 58.16 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
48 |
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 |
|