MIRA
INFORM REPORT
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Report Date : |
14.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHEMTRON SCIENCE LABORATORY PRIVATE LIMITED |
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Registered Office : |
EL-47, Electronics Zone, T.T.C. Industrial Area, Mahape, Mumbai – 400
709, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
04.02.2004 |
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Com. Reg. No.: |
144357 |
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CIN No.: [Company
Identification No.] |
U24111MH2004PTC144357 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMC12985A |
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PAN No.: [Permanent
Account No.] |
AACCC3596J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers of Calibration Gas, Liquid Standards, Gas Mixtures, Gas
Regulators, Pollution Monitoring Equipment, Gas Analyzers and Analytical
Services. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
No Financials are available since incorporation of the company. Management parted partial details but denied financials. Subject is doing gas business but poor in compling company. Law Board
requirement. It has not filed single financials with them. Trade relations
are fair. No payment are known. |
INFORMATION PARTED
BY
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Name : |
Mr. Nathan |
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Designation : |
Finance Head |
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Contact No.: |
91-9223349304 |
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Date : |
09.06.2008 |
LOCATIONS
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Registered Office : |
EL-47, Electronics Zone, T.T.C. Industrial Area, Mahape, Mumbai – 400
709, Maharashtra, India |
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Tel. No.: |
91-22-27619306 / 27619312 / 27619306 / 27682758 |
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Mobile No.: |
91-9223349302 |
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Fax No.: |
91-22-27682758 |
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E-Mail : |
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Website : |
http://www.chemtronscience.com |
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Area : |
600 Sq. mtrs. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mrs. Rajni Srivastav |
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Designation : |
Director |
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Address : |
V-9, Sector-6, Vashi, Navi Mumbai – 400 703, Maharashtra, India |
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Date of Birth/Age : |
60 Years |
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Qualification : |
Housewife |
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Date of Appointment : |
04.02.2004 |
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Name : |
Dr. Omprakash Srivastav |
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Designation : |
Director |
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Address : |
V-9, Sector-6, Vashi, Navi Mumbai – 400 703, Maharashtra, India |
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Date of Birth/Age : |
65 Years |
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Qualification : |
P.H.D. |
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Date of Appointment : |
04.02.2004 |
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Name : |
Mr. Ashish Srivastav |
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Designation : |
Director |
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Address : |
V-9, Sector-6, Vashi, Navi Mumbai – 400 703, Maharashtra, India |
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Date of Birth/Age : |
32 Years |
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Qualification : |
M.S.C. |
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Date of Appointment : |
04.02.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 21.01.2004)
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Names of Shareholders |
No. of Shares |
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Rajni Srivastav |
550 |
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Dr. Omprakash Srivastav |
300 |
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Ashish Srivastav |
150 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Calibration Gas, Liquid Standards, Gas Mixtures, Gas
Regulators, Pollution Monitoring Equipment, Gas Analyzers and Analytical
Services. |
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Products : |
· Calibration Gas/liquid Mixtures · UHP Grade Speciality Gas · Gas Monitoring System · Dissolved Gas Analyzer · Transformer Oil Gas Analyzer · Gas Handling Equipments · Leak Detector (SF6) · Data Integration Software · Gas Containers · Analysis Services · Specialised Products Other Products |
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Exports : |
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Products : |
Mixed Gases |
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Countries : |
·
Middle East ·
Rome |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
U.K. |
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Terms : |
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Selling : |
L/C, P/O |
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Purchasing : |
Credit (30 days/ 60 days / 90 days) |
GENERAL
INFORMATION
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Customers : |
OEM’s |
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No. of Employees : |
350 |
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Bankers : |
·
State Bank of India Rabale Trans Thane Creek Industrial Area Branch,
Thane Belapur Road, Post Office – Airoli, New Mumbai – 400 708, Maharashtra,
India ·
HDFC Bank |
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Facilities : |
Loan Rs. 8.500 millions |
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Banking
Relations : |
Unknown |
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Auditors : |
Adhiyapak and Company Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 millions |
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Total |
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Rs. 5.000
millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
million |
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Total |
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Rs. 0.100 million |
LOCAL AGENCY
FURTHER INFORMATION
Trustseal
Acceptance Chart
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Statutory Approvals |
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Income Tax
Registration |
AACCC3596J |
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Central Sales
Tax Registration |
27810007796C |
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VAT/TIN
Registration |
27810007796V
01.04.2006 |
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Import Export
Code |
31/52/8/90 |
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Name of Bank |
State Bank of
India |
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Current Account
Number |
10079411631 |
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Emp PF Reg
Number |
MX95826 |
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Trade
Affiliations |
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SSI Registration |
11/24/81951
TMT/SSI dated 04.09.1992 |
Trade References:
·
ONGC
·
SAIL
·
Currency Press
Form No. 8
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Corporate identity
number (CIN) Foreign company registration number |
U24111MH2004PTC144357 |
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Name of the
Company |
CHEMTRON SCIENCE LABORATORY PRIVATE LIMITED |
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Address |
EL-47, Electronics Zone, T.T.C. Industrial Area, Mahape, Mumbai – 400 709,
Maharashtra, India |
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This form is for |
Modification of
charge |
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Type of Charge |
·
Immovable
property ·
Book debts ·
Movable
property (not being pledge) ·
Others |
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Particulars of
the charge holder |
State Bank of India Rabale Trans Thane Creek Industrial Area Branch, Thane Belapur Road,
Post Office – Airoli, New Mumbai – 400 708, Maharashtra, India |
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Nature or
description of the instrument(s) creating or modifying the charge |
Memorandum for
Recording Creation of Mortgage by Deposit of Title Deeds dated 19.01.2007 |
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Date of the
instrument creating or modifying the charge |
19.01.2007 |
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Amount secured by
the charge |
Rs. 13.300
millions |
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Brief particulars
of the principal terms and conditions and extent and operation of the charge |
·
Rate of
Interest CC @ 1.50% ASBAR with a min. of 12.25% p.a. TL @ 2.00% ASBAR with a min. of 12.75% p.a. ·
Terms of
repayment TL to be repaid in 36 monthly instalment of Rs. 0.125 million each. ·
Margin Raw Materials, Finished Goods, Stock in Process 25% Receivables 33.33%, Bank Guarantee 25%, Term Loan 20% ·
Extent and
operation of the charge The credit facility aggregating Rs. 13.300 millions i.e. DCC (Stock) Rs.
8.500 millions with sub limit DCC (B/Ds) (Rs. 4.500 millions), Medium T/L.
Rs. 4.500 millions and Bank Guarantee Rs. 0.300 million further secured by
deposit of Title deeds in respect of immovable property of the Company viz:
Plot No. EL-47, TTC Indl. Area, Village Mahape, thane admeasuring 600.0 sq.
mtrs. |
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Short particulars
of the property charged (including location of the property) |
1.
1st
charge on all present and future stocks of RM, FG, SIP stores and spares,
bills, B/Ds, movable machinery, cylinders etc. stored at Co’s premises or
elsewhere or in transit. 2.
Mortgage by
deposit of Title Deeds in respect of immovable property of the Company viz:
Plot No. EL-47, TTC Indl. Area, Village Mahape, thane admeasuring 600.0 sq.
mtrs. Alongwith factory bldg. standing thereon. |
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Particular of the
present modification |
Now vide this modification the credit facilities
aggregating to Rs. 13.300 millions granted by Bank further secured by deposit
of Title deed in respect of immovable property of th Company viz: Plot No.
EL-47, TTC Indl. Area, Village Mahape, thane admeasuring 600.0 sq. mtrs. Or
thereabouts togetherwith bldg. standing thereon, des. In sche. To Memorandum
of Mortgage. |
Web Details:
CSL is an ISO 9001 Certified Company with over 16 years of
experience in calibration gas and analytical instrumentation industry, with a
state of the art production techniques, equipments and team of highly qualified
professionals.
Their speciality gas dept. offers from single component mixtures to upto 40
multi component gas/liquid mixtures from % to ppm level.
Their instrumentation dept. manufacturers gas chromatographs, dissolve gas
analyzers, SF6 leak meter, and portable analyzers suitable for Indian condition
at an affordable price.
Specialized gas handling equipments enables CSL to provide you with a complete
solution for all your analytical problems.
CSL serves more than 500 customers from various industries like Refineries, Petrochemicals,
Cement, Health Care, Power and Gas, Research Institutes Defence and Space
Research (all over India) and is also exporting its products to overseas. It
has Offices in Baroda, Delhi, Calcutta and Chennai, Pune & Hyderabad.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.87 |
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UK Pound |
1 |
Rs.83.41 |
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Euro |
1 |
Rs.66.11 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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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 |
NO |
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TOTAL |
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38 |
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. |
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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