MIRA INFORM REPORT
|
Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
RAJ PETRO SPECIALITIES PRIVATE LIMITED (w.e.f. 14.01.2007) |
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Formerly Known
As : |
SURYODAY BLENDING PRIVATE LIMITED |
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Registered
Office : |
1st Floor, 124, G D Ambekar Marg, Ambawadi, Cotton Green
(West), Mumbai – 400033, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
06.05.1997 |
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Com. Reg. No.: |
11-107800 |
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CIN No.: [Company Identification
No.] |
U23201MH1997PTC107800 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS29702B |
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PAN No.: [Permanent Account No.] |
AACCS4923P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Petroleum Specialty Products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 5046288 |
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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 an established company having satisfactory track. Trade
relations are fair. Business is active. Payments are reported to be usually
made as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Pinto Joseph |
|
Designation : |
Assistant Manager Exports |
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Contact No.: |
91-9791099462 |
LOCATIONS
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Registered Office : |
1st Floor, 124, G D Ambekar Marg, Ambawadi, Cotton Green (West),
Mumbai – 400 033, |
|
Tel. No.: |
91-22-24714961/ 64/ 24721000 |
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Mobile No.: |
91-9892895425 (Mr. Abhay Andhare) |
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Fax No.: |
91-22-24710898 |
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E-Mail : |
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Website : |
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Area : |
4500 sq. ft. |
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Location : |
Owned |
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Corporation Office : |
2A-D, |
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Tel No.: |
91-44-42288900 |
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Fax No.: |
91-44-42288912 |
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Branch : |
·
·
·
Pune |
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Factory 1 : |
Survey No. 146/2/3, Madhuban Dam Road, Village Karad, Silvassa –
396230, Dadra and Nagar Haveli, Uttar Pradesh, India |
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Tel. No.: |
91-260-3091881 |
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Fax No.: |
91-260-2644396 |
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Factory 2 : |
Plot No. 1811, GIDC Industrial Area, Panoli – 394 115, |
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Tel. No.: |
91-2646-272287/ 153 |
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Fax No.: |
91-2646-272561 |
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Factory 3 : |
73/1B, Vaikkadu Manali, Chennai – 600103, |
DIRECTORS
AS ON 30.09.2009
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Name : |
Mr. Vinit S Asher |
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Designation : |
Director |
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Address : |
5, Amrut Dhara, |
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Date of Birth/Age : |
23.10.1975 |
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Date of Appointment : |
07.10.2002 |
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Name : |
Mr. Jaysingh V Anjaria |
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Designation : |
Director |
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Address : |
401, Odyssey 1, |
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Date of Birth/Age : |
14.04.1933 |
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Date of Appointment : |
07.10.2002 |
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Name : |
Mr. Ajay J Anjaria |
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Designation : |
Whole Time Director |
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Address : |
401, Odyssey 1, |
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Date of Birth/Age : |
19.08.1965 |
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Date of Appointment : |
27.01.2003 |
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Name : |
Mr. Atul C Anjaria |
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Designation : |
Whole Time Director |
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Address : |
303, Odyssey 1, |
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Date of Birth/Age : |
28.08.1953 |
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Date of Appointment : |
01.09.2003 |
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Name : |
Mr. Bipin J Nanavati |
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Designation : |
Managing Director |
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Address : |
8, |
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Date of Birth/Age : |
03.11.1944 |
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Date of Appointment : |
01.12.2009 |
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Name : |
Mr. Yogin Porecha |
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Designation : |
Director |
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Address : |
34, Laxmi Villa, |
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Date of Birth/Age : |
30.07.1955 |
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Date of Appointment : |
29.09.2007 |
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Other Directorship : |
Raj Petroleum Products Limited CIN No.: L23200MH1996PLC098745 |
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Email : |
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Name : |
Mr. Surendra A Asher |
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Designation : |
Director |
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Address : |
5, Amrut Dhara, |
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Date of Birth/Age : |
30.04.1943 |
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Date of Appointment : |
29.09.2007 |
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Email : |
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Name : |
Mr. Mehul U Nanavati |
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Designation : |
Dircetior |
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Address : |
Prerna, 6 F, |
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Date of Birth/Age : |
14.09.1974 |
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Date of Appointment : |
19.05.2007 |
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Directorship Company: |
Raj Petroleum Products Limited L23200MH1996PLC098745 |
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Name : |
Mr. Viren B Nanavati |
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Designation : |
Director |
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Address : |
8, |
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Date of Birth/Age : |
08.10.1971 |
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Date of Appointment : |
19.05.2007 |
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Directorship Company: |
Raj Petroleum Products Limited L23200MH1996PLC098745 |
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Name : |
Mr. Uday J Nanavati |
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Designation : |
Director |
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Address : |
Prerna, 6 F, |
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Date of Birth/Age : |
14.12.1948 |
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Date of Appointment : |
19.05.2007 |
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Name : |
Mr. Nalin J Nanavati |
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Designation : |
Director |
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Address : |
Old No. 11, |
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Date of Birth/Age : |
02.09.1957 |
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Date of Appointment : |
19.05.2007 |
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Name : |
Mr. Rajesh C Anjaria |
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Designation : |
Director |
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Address : |
5/6, Amrit Dhara, Joshi Lane, Ghatkopar (East), Mumbai – 400 077, |
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Date of Birth/Age : |
01.11.1956 |
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Date of Appointment : |
19.05.2007 |
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Name : |
Mr. Amit Bipin Nanavati |
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Designation : |
Director |
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Address : |
N. No.10, O No.13/2, |
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Date of Birth/Age : |
16.08.1968 |
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Date of Appointment : |
01.04.2010 |
|
Email : |
KEY EXECUTIVES
|
Name : |
Mr. Dilip Vishnubhai Darji |
|
Designation : |
Company Secretary |
|
Address : |
5/64, Bankar Building, Lamington X Road, Alibhai Premji Marg, Mumbai –
400007, Maharashtra, India |
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Date of Birth/Age : |
21.10.1982 |
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Date of Appointment : |
01.12.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2009)
|
Names of Equity Shareholders |
No. of Shares |
|
|
|
|
Chandrika Chandrakant Anjaria |
97600 |
|
Chandrakant V Anjaria (HUF) Rep. By Karta Mr. Atul C Anjaria |
25200 |
|
Atul C Anjaria |
218700 |
|
Neela Atul Anjaria |
185000 |
|
Atul C. Anjaria (HUF) Rep. By Karta Mr. Atul C Anjaria |
40000 |
|
Chaitanya Atul Anjaria |
45000 |
|
Rajesh Chandrakant Anjaria |
218100 |
|
Rupal Rajesh Anjaria |
185000 |
|
Rajesh C Anjaria (HUF) Rep. By Karta Mr. Rajesh C Anjaria |
40000 |
|
Niket Rajesh Anjaria |
45000 |
|
Jaysinh Vasanji Anjaria (Jtly With) Rajni Jaysinh Anjaria |
124820 |
|
Rajni Jaysinh Anjaria |
35200 |
|
Ajay Jaysinh Anjaria |
275050 |
|
Shilpa Ajay Anjaria |
99950 |
|
Jaysinh Vasanji Anjaria (HUF) Rep. By Karta Jaysinh Vasanji Anjaria |
19800 |
|
Indra Laxmidas Porecha |
70000 |
|
Yogin Laxmidas Porecha |
247900 |
|
Kalpna Yogin Porecha (Jtly With) Kanhai Yogin Porecha |
282720 |
|
Yogin Laxmidas Porecha – Rep as Trustee for yogin Family Trust |
96800 |
|
Kanhai Yogin Porecha |
23000 |
|
Surendra Ajitsinh Asher |
118200 |
|
Jayshree Surendra Asher |
53950 |
|
Arvin Ajitsinh Asher |
33550 |
|
Vasanti Arvin Asher |
45300 |
|
Vinit Surendra Asher (Jtly With) Neha Vinit Asher |
33670 |
|
Jiten Arvind Asher |
51750 |
|
Surendra A Asher (HUF) Rep. By Karta Surendra A Asher |
53800 |
|
Bipin Jaswantsinh Nanavati |
439800 |
|
Beena Bipin Nanavati |
37700 |
|
Amit Bipin Nanavati |
260000 |
|
Dipti Amit Nanavati (Jtly With)
Amit Bipin Nanavati |
14950 |
|
Viren Bipin Nanavati |
305000 |
|
Shweta Viren Nanavati (Jtly With) Viren Bipin Nanavati |
20000 |
|
Amit Bipin Nanavati (Jtly With)
Yash Amit Nanavati |
25000 |
|
Dipti Amit Nanavati (Jtly With) Aksha Amit Nanavati |
50 |
|
Uday Jaswantsinh Nanavati |
139450 |
|
Vidyuta Uday Nanavati |
150000 |
|
Mehul Uday Nanavati |
372500 |
|
Dhwani Sriram (Jtly With) Uday Jaswantsinh Nanavati |
50 |
|
Nalin Jaswantsinh Nanavati |
205500 |
|
Sonal Nalin Nanavati |
52450 |
|
Nalin Nanavati (HUF) Rep. By Karta Nalin Nanavati |
292000 |
|
Sonal Nalin Nanavati (Jtly With) Shraddha Nalin Nanavati |
50 |
|
Bharti Bharat Nanavati |
74900 |
|
Sameer Bharat Nanavati (Jtly With) Siddhi Sameer Nanavati |
209620 |
|
Bharat J Nanavati (HUF) Rep. By Karta Sameer Bharat Nanavati |
156000 |
|
|
|
|
Total |
5520080 |
(AS ON
30.09.2009)
|
Names of 10% Non Cumulative Redeemable Preference Shareholders |
No. of Shares |
|
|
|
|
Chandrika Chandrakant Anjaria |
16800 |
|
Atul Chandrakant Anjaria |
46600 |
|
Neela Atul Anjaria |
16000 |
|
Atul C Anjaria (HUF) Rep. By Karta Atul C Anjaria |
4000 |
|
Chaitanya Atul Anjaria |
25100 |
|
Rajesh Chandrakant Anjaria |
45100 |
|
Rupal Rajesh Anjaria |
26000 |
|
Rajesh C Anjaria (HUF) Rep. By Karta Mr. Rajesh C Anjaria |
4000 |
|
Niket Rajesh Anjaria |
16600 |
|
Jaysinh Vasanji Anjaria (Jtly With) Rajni Jaysinh Anjaria |
20500 |
|
Rajni Jaysinh Anjaria |
27000 |
|
Ajay Jaysinh Anjaria |
28100 |
|
Shilpa Ajay Anjaria |
15000 |
|
Jaysinh Vasanji Anjaria (HUF) Rep. By Karta Jaysinh Vasanji Anjaria |
9500 |
|
Indra Laxmidas Porecha |
16500 |
|
Yogin Laxmidas Porecha |
27700 |
|
Kalpna Yogin Porecha (Jtly With) Kanhai Yogin Porecha |
28000 |
|
Yogin Laxmidas Porecha – Rep as Trustee for yogin Family Trust |
18400 |
|
Kanhai Yogin Porecha |
9500 |
|
Surendra Ajitsinh Asher |
9200 |
|
Jayshree Surendra Asher |
7000 |
|
Arvin Ajitsinh Asher |
6000 |
|
Vasanti Arvin Asher |
5900 |
|
Vinit Surendra Asher (Jtly With) Neha Vinit Asher |
1800 |
|
Jiten Arvind Asher |
4200 |
|
Surendra A Asher (HUF) Rep. By Karta Surendra A Asher |
5500 |
|
Bipin Jaswantsinh Nanavati |
41000 |
|
Beena Bipin Nanavati |
9000 |
|
Amit Bipin Nanavati |
25000 |
|
Dipti Amit Nanavati (Jtly With)
Amit Bipin Nanavati |
12000 |
|
Viren Bipin Nanavati |
35000 |
|
Shweta Viren Nanavati (Jtly With) Viren Bipin Nanavati |
14000 |
|
Amit Bipin Nanavati (Jtly With)
Yash Amit Nanavati |
27000 |
|
Dipti Amit Nanavati (Jtly With) Aksha Amit Nanavati |
9500 |
|
Viren B Nanavati (HUF) Rep. By Karta Viren B Nanavati |
2000 |
|
Uday Jaswantsinh Nanavati |
20999 |
|
Mehul Uday Nanavati |
29500 |
|
Dhwani Sriram (Jtly With) Uday Jaswantsinh Nanavati |
26500 |
|
Nalin Jaswantsinh Nanavati |
51800 |
|
Nalin Nanavati (HUF) Rep. By Karta Nalin Nanavati |
29200 |
|
Sonal Nalin Nanavati (Jtly With) Shraddha Nalin Nanavati |
11000 |
|
Bharti Bharat Nanavati |
88000 |
|
Sameer Bharat Nanavati (Jtly With) Siddhi Sameer Nanavati |
22500 |
|
Bharat J Nanavati (HUF) Rep. By Karta Sameer Bharat Nanavati |
16000 |
|
Pankaj D Sampath – HUF |
1 |
|
|
|
|
Total |
910000 |
(AS ON
30.09.2009)
|
Names of 8.5% Cumulative Redeemable Preference Shareholders |
No. of Shares |
|
|
|
|
Chandrika Chandrakant Anjaria |
78250 |
|
Chandrakant V Anjaria (HUF) Rep. By Karta Mr. Atul C Anjaria |
19750 |
|
Atul C Anjaria |
34500 |
|
Neela Atul Anjaria |
27500 |
|
Atul C. Anjaria (HUF) Rep. By Karta Mr. Atul C Anjaria |
6500 |
|
Rajesh Chandrakant Anjaria |
35500 |
|
Rupal Rajesh Anjaria |
25000 |
|
Rajesh C Anjaria (HUF) Rep. By Karta Mr. Rajesh C Anjaria |
7500 |
|
Ajay Jaysinh Anjaria |
10000 |
|
Yogin Laxmidas Porecha |
500 |
|
Sameer Bharat Nanavati (Jtly With) Siddhi Sameer Nanavati |
4000 |
(AS ON
30.09.2009)
|
Names of 8.5% Non - Cumulative Redeemable Preference Shareholders |
No. of Shares |
|
|
|
|
Chandrika Chandrakant Anjaria |
6751 |
|
Atul C Anjaria |
3000 |
|
Neela Atul Anjaria |
10700 |
|
Atul C. Anjaria (HUF) |
1000 |
|
Chaitanya Atul Anjaria |
50 |
|
Rajesh Chandrakant Anjaria |
3000 |
|
Rupal Rajesh Anjaria |
2000 |
|
Jaysinh Vasanji Anjaria jtly with Rajni J Anjaria |
10150 |
|
Rajni J Anjaria |
2 |
|
Ajay Jaysinh Anjaria |
2500 |
|
Shilpa Ajay Anjaria |
1200 |
|
Jaysinh Vasanji Anjaria (HUF) |
898 |
|
Indra Laxmidas Porecha |
2495 |
|
Yogin Laxmidas Porecha |
11653 |
|
Kalpna Yogin Porecha (Jtly With) Kanhai Yogin Porecha |
3600 |
|
Yogin Family Trust |
1 |
|
Surendra Ajitsinh Asher |
3 |
|
Jayshree Surendra Asher |
600 |
|
Arvin Ajitsinh Asher |
100 |
|
Vasanti Arvin Asher |
600 |
|
Vinit Surendra Asher (Jtly With) Neha Vinit Asher |
1097 |
|
Jiten Arvind Asher |
500 |
|
Surendra A Asher (HUF) Rep. By Karta Surendra A Asher |
600 |
|
Bipin Jaswantsinh Nanavati |
4000 |
|
Amit B Nanavati |
17000 |
|
Viren B Nanavati |
3000 |
|
Shweta Viren Nanavati (Jtly With) Viren Bipin Nanavati |
1000 |
|
Uday Jaswantsinh Nanavati |
7400 |
|
Mehul Uday Nanavati |
7600 |
|
Nalin Jaswantsinh Nanavati |
5000 |
|
Sonal Nalin Nanavati |
2500 |
|
Nalin Jaswantsinh Nanavati (HUF) |
5000 |
|
Bharti B Nanavati |
6000 |
|
Nalin Nanavati (HUF) Rep. By Karta Nalin Nanavati |
29200 |
|
Sonal Nalin Nanavati (Jtly With) Shraddha Nalin Nanavati |
11000 |
|
Bharti Bharat Nanavati |
88000 |
|
Sameer Bharat Nanavati (Jtly With) Siddhi Sameer Nanavati |
22500 |
|
Bharat J Nanavati (HUF) Rep. By Karta Sameer Bharat Nanavati |
16000 |
(AS ON
30.09.2009)
|
Category |
Percentage |
|
|
|
|
Directors or relatives of directors |
90.69 |
|
Other top fifty (50) shareholders |
9.31 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Petroleum Specialty Products |
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Exports : |
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Products : |
Petroleum Specialty Products |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
(as certified by the directors and which the auditor have relied) Specialty oil Includes Goods Reprocess |
KLS MTS MTS |
NA NA NA |
206000 78200 NA |
93809 NA 56715 |
GENERAL INFORMATION
|
Customers : |
·
End Users ·
OEM’s ·
Electrical Boards |
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No. of Employees : |
300 (In office 30 + In factory 270) |
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Bankers : |
·
State Bank of Industrial Estate Branch, GIDC Industrial Estate, Ankleshwar – 393
002, ·
Corporation Bank Overseas Branch, Earest House, 1st Floor, Nariman Point,
Mumbai – 400 021, ·
Standard Chartered Bank 90, M ·
State Bank of Special Commercial Branch, Vapi – 396195, ·
State Bank of Special Commercial Branch, Tridant Complex, Race Course (N),
Vadodara – 390007, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Mr. Janardhan Iyer For N P Redij and Company Chartered Accountant |
|
Address 1 : |
Satnam Mansion, No. 1, Ground Floor, 190, Dr. Ambedkar Road, Dadar
(East), Mumbai – 400014, Maharashtra, India |
|
Tel. No.: |
91-22-24184985/ 1206 |
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Fax No.: |
91-22-24173403 |
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Address
2 : |
Unit No. 7, Thakkar Industrial Estate Annexe, 20, Champsi Bhimji Road,
Mazagaon, Mumbai – 400 010, Maharashtra, India |
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Associates/Subsidiaries : |
· Raj Petroleum Products Limited 1st Floor, 124, G D Ambekar Marg, Ambawadi, Cotton Green
(West), Mumbai – 400 033, Activity: Manufacturer of Oil and Grease Lubricants CIN No.: L23200MH1996PLC098745 ·
Raj Petro Specialities (Europe) B. V.
Rotterdam, · One World Impex Private Limited |
CAPITAL STRUCTURE
(AS ON
31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5600000 |
Equity Shares |
Rs.10/- each |
Rs.56.000 millions |
|
225000 |
Class A Equity Shares |
Rs.10/- each |
Rs.2.250 Millions |
|
910000 |
10% Non Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs.91.000 millions |
|
302500 |
8.50% Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs.30.250 millions |
|
|
Total |
|
Rs.179.500
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5520080 |
Equity Shares |
Rs.10/- each |
Rs.55.201
millions |
|
910000 |
10% Non Cumulative Redeemable Preference Shares |
Rs.100/-
each |
Rs.91.000
millions |
|
301250 |
8.50% Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs.30.125 millions |
|
|
Total |
|
Rs.176.326 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
176.326 |
176.326 |
176.326 |
|
|
2] Share suspense Account |
7.550 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1077.696 |
699.667 |
485.403 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1261.572 |
875.993 |
661.729 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
581.953 |
811.731 |
583.761 |
|
|
2] Unsecured Loans |
184.659 |
116.030 |
106.587 |
|
|
TOTAL BORROWING |
766.612 |
927.761 |
690.348 |
|
|
DEFERRED TAX LIABILITIES |
37.423 |
35.508 |
18.248 |
|
|
|
|
|
|
|
|
TOTAL |
2065.607 |
1839.262 |
1370.325 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
525.734 |
486.727 |
480.614 |
|
|
Capital work-in-progress |
12.108 |
13.277 |
4.701 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.804 |
1.732 |
0.516 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1040.752
|
497.640
|
503.689
|
|
|
Sundry Debtors |
2135.160
|
2181.528
|
1547.288
|
|
|
Cash & Bank Balances |
313.352
|
329.740
|
508.043
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
728.979
|
522.143
|
247.392
|
|
Total
Current Assets |
4218.243
|
3531.051
|
2806.412 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
2127.049
|
1713.277
|
1730.959
|
|
|
Other Current Liabilities |
143.474
|
85.855
|
19.177
|
|
|
Provisions |
429.860
|
396.518
|
174.489
|
|
Total
Current Liabilities |
2700.383
|
2195.650
|
1924.625 |
|
|
Net Current Assets |
1517.860
|
1335.401
|
881.787
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
8.101 |
2.125 |
2.707 |
|
|
|
|
|
|
|
|
TOTAL |
2065.607 |
1839.262 |
1370.325 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Turnover) |
7568.864 |
7442.017 |
5649.867 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
73.113 |
69.741 |
54.779 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
615.918 |
340.361 |
267.180 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
191.915 |
112.296 |
67.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
424.003 |
228.065 |
199.774 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1832.601 |
1688.673 |
1257.712 |
|
|
|
Other Earnings |
0.006 |
0.000 |
0.017 |
|
|
TOTAL EARNINGS |
1832.607 |
1688.673 |
1257.729 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
5665.021 |
5654.245 |
1040.777 |
|
|
|
Capital Goods |
13.490 |
5.921 |
0.918 |
|
|
TOTAL IMPORTS |
5678.511 |
5660.166 |
1041.695 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
73.32 |
38.69 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
5.60
|
4.57
|
4.73
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.98
|
8.47
|
8.13
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.48
|
0.39
|
0.40
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.75
|
3.57
|
3.95
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.56
|
1.61
|
1.46
|
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Name of the
company |
RAJ PETRO SPECIALITIES PRIVATE LIMITED |
|
Presented By |
Mr. Atul C
Anjaria |
|
1) Date and description of instrument creating the change |
Agreement for
hypothecation of goods and assets dated 10th July, 2004. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.40.000 millions
|
|
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 |
In consideration
for the aforesaid facilities to the tune of Rs.40.000 millions by way of Corporate
Loan, all the present and future goods, book-debts and all other movable
assets of the Borrower including documents of title to the goods, outstanding
monies, receivables including receivables by way of cash assistance and / or
cash incentives under the cash incentive scheme or any other scheme claims
including claims by way of refund of customs / excise duties under the Duty
Drawback Credit Scheme or any other scheme bills, invoices documents,
contracts, insurance policies, guarantees, engagements, securities,
investments and rights and the present machinery listed in the schedule
hereunto and all future machinery belonging to or in the possession or under
the control of the Borrower wherever lying, stored and kept and whether in
possession of the Borrower or of the Bank or of any third party whether in
India or elsewhere throughput the world shall stand hypothecated to the Bank
by way of first charge. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interest shall be
charged on the outstandings in the accounts opened in respect of the
aforesaid facilities at such rates as may be determined by the Bank from time
to time. |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of Industrial Estate Branch, GIDC Industrial Estate, Ankleshwar – 393
002, |
|
6) Date and brief description of instrument modifying the charge |
Form C.5
(FCNRBTL) – Letter regarding the grant of individual limits within the
overall limit dated 21.02.2005. |
|
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. |
The Bank has agreed
that within the overall aggregate limit of Rs.40.000 millions has been
decided to convert in Foreign Currency US$670000. The payment of rate of
interest (exclusive of interest tax) at 4.25% p.a. over the applicable LBOR
(London Inter – Bank Offer Rate). Other terms and conditions including
property remain same. |
|
Corporate
identity number of the company |
U23201MH1997PTC107800 |
|
Name of the
company |
RAJ PETRO SPECIALITIES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
1st Floor, 124, G D Ambekar Marg, Ambawadi, Cotton Green
(West), Mumbai – 400 033, |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
Corporation Bank Overseas Branch, Earest House, 1st Floor, Nariman Point,
Mumbai – 400 021, |
|
Nature of
instrument creating charge |
Common Deed of
Hypothecation of Movable / Assets / Debts. |
|
Date of
instrument Creating the charge |
02.09.2008 |
|
Amount secured by
the charge |
Rs.100.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
·
Rate of
interest As may be stipulated by the Bank from time to time. ·
Terms
on repayment On Demand ·
Margin
As may be stipulated by the Bank from time to time. ·
Extent
and operation of the charge Hypothecation of Assets to secure as a Continuing Security for repayment
of monies due and payable by the borrower to the Bank. |
|
Particulars of
the property charged |
Hypothecation of
Stock in Trade, Consists of Petroleum Products etc. and Book Debts. |
|
Corporate
identity number of the company |
U23201MH1997PTC107800 |
|
Name of the
company |
RAJ PETRO SPECIALITIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1st Floor, 124, G D Ambekar Marg, Ambawadi, Cotton Green (West),
Mumbai – 400 033, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
STATE BANK OF |
|
Nature of
instrument creating charge |
Memorandum Of Entry
For Recording Creation Of Extension Of Mortgage By Deposit Of Title
Deeds Dt, 29.06.2010 |
|
Date of
instrument Creating the charge |
29/06/2010 |
|
Amount secured by
the charge |
Rs.3648.0000 |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest State Bank Of Corporation Bank
- Cobar + 0.50 % I.E. 12.50 % P.A. Axis Bank - 2.25
% Below Plr Presently 14.75 % Scb -
Present Int. Rate At 14% Extent and
Operation of the charge The Facility Is
Enhanced From Rs. 329.30 Crore To Rs. 364.80 Crore Though The Total
Consortium Facility Of Rs. 364.80 Crore Is Secured By Movable Property (Hypothecation Agmt. and Working Cap.
Consortium Agmt. ) Dt. 15.06.2010 And Immovable Property (Memmorandum Of
Entry) Dt. 29.06.2010 Seperate Charge
Created For Both I.E. Movable Property
(Hypothecation Agmt. And Working Cap.
Consortium Agmt. ) Dt. .15.06.2010 And
Immovable Property (Memmorandum Of Entry) Dt. 29.06.2010 Others Various Credit
Facility Granted By Consrotium Bankers
- State Bank Of - Axis Bank,
Corporation Bank, Standard Chartered Bank (Member Banker) |
|
Short particulars
of the property charged |
All Those
Property Situated At The Commercial Unit No. 1-A, On The Ground Floor And
Commercial Unit No. 1 and 2 On The 1st Floor On Plot No. 195, Sector No. 12
Of Vashi, Navi Mumbai, Tal and Dist. Thane All Those
Property Situated At Gat No. 531, Located At Village Biranwadi (Previous
Savlaj), Tal. Tasgaon, Dist. Snagli, Land Known As
Plot No. 1811 In The Panoli Industrial Area, Situated Within Vilage Of
Umarwada, Tal. Ankleshwar, Dist. Bharuch Land Known As
Plot No. 627 In The Panoli Industrial Estate Situated Within The Village
Limit Of Umarwada, Tal. Ankleshwar, Dist. Bharuch Immovable
Property Flat No. A-12, Plot No. 52 To 57, 60 To 66 Situated In The Village
Bhadkodra, Tal. Ankleshwar, Dist. Bharuch (Jaldarshan Co-Op. Hsg Soc.
Limited) Flat No. 34, 3rd
Floor, Laxmi Villa Co-Op. Hsg. Soc. Ltd.
, Plot No. 45 And 51, Tagore Raod, Santacruz (W), Mumbai – 54 Flat No. A-1/5,
Navjivan Co-Op. Hsg Soc Limited, Plot No. 1004/6 To 1004/8, Situated At
Village Bhadkodra, Tal. Ankleshwar, Dist. Bharuch Flat No. C-1/8,
Navjivan Co-Op. Hsg Soc. Limited, Plot No. 1004/6 To 1004/-8, Situated At
Village Bhadkodra, Tal. Ankleshwar, Dist. Bharuch Land Situated At (For Further
Details Of All The Above Mentioned Property Kindly Refer Schedule I and II Of Me) |
|
Date of
instrument modifying the charge |
25/08/2009 |
|
Particulars of
the present modification |
Total Facility Is
Enhanced From Rs.3293.000 Millions To Rs.3648.000 Millions |
FIXED ASSETS:
· Air Conditioner
· Computers
· Electrical Installation and Fittings
· Motor Car
· Plant and Machinery
· Furniture and Fixtures
· Computer Software
WEBSITE DETAILS:
GROUP PROFILE
Established in 1942, the first
entity of the group was a modest petroleum specialities trading outfit, with a
strength of less than five. From this modest beginning six decades ago, the
group has evolved into a multi-product and multi-facility conglomerate. Today
it is a leading manufacturer and supplier of a diverse range of petroleum
speciality products.
Raj Group today is an eminent Indian Business House having
diversified interests ranging from process oils and lubricants to performance
chemicals and international trading, as also hospitality and diagnostic
services.
Over the past 60 years, the Raj Group has consistently made
efforts to be World Class in every sphere of its business activity. Today, the
Group has a dynamic global sourcing network, a comprehensive range of products,
state-of-the-art ISO 9001:2000 manufacturing facilities, a dedicated research
and development outfit to support its present and future innovative needs, and
a proactive marketing team servicing a very large number of satisfied customers
in
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.44.48 |
|
|
1 |
Rs.72.36 |
|
Euro |
1 |
Rs.64.42 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
52 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.