1. Summary Information
|
|
|
Country |
|
|
Company Name |
AMORPHOS
CHEMICALS PRIVATE LIMITED |
Principal Name 1 |
Kumaryoghesh Agarwal |
|
Status |
Moderate |
Principal Name 2 |
Sapna Agarwal |
|
|
|
Registration # |
-- |
|
Street Address |
E-1/15, 2nd
Floor, Sector – 7, Rohini, |
||
|
Established Date |
20.12.1993 |
SIC Code |
-- |
|
Telephone# |
91-11-47096831,
2,3,4 |
Business Style 1 |
A subject provides integrated solutions for Construction
Chemicals Industry. |
|
Fax # |
91-11-47096835,
47011659 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
17,500,000 |
Product Name 3 |
-- |
|
Shareholders |
Kumaryoghesh Agarwal - 159950 |
Banking |
Bibby
Financial Services ( |
|
Public Limited Corp. |
-- |
Business Period |
17 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
-- |
Country
--- |
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
161,738,000 |
Current Liabilities |
100,897,000 |
|
Inventories |
24,340,0000 |
Long-term Liabilities |
70,086,000
|
|
Fixed Assets |
6,029,000 |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
170,983,000 |
|
Invest& other Assets |
2,000,000 |
Retained Earnings |
5,624,000 |
|
|
|
Net Worth |
23,124,000 |
|
Total Assets |
194,107,000 |
Total Liab. & Equity |
194,107,000 |
|
Total Assets (Previous Year) |
118,355,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
22.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
AMORPHOS CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-1/15, 2nd Floor, Sector – 7, Rohini, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation
: |
20.12.1993 |
|
|
|
|
Com. Reg. No.: |
056531 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PTC056531 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA04803B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4938L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject provides integrated solutions for Construction Chemicals Industry. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 92496 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for small to mediocre 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered
Office/ Corporate Office : |
E-1/15, 2nd Floor, Sector – 7, Rohini, |
|
Tel. No.: |
91-11-47096831, 2,3,4 |
|
Fax No.: |
91-11-47096835, 47011659 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
EHRADUN KOLKATA VAPI
|
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Kumaryoghesh Agarwal |
|
Designation : |
Managing Director |
|
Address : |
K 3D, Saket, |
|
Date of Birth/Age : |
25.11.1965 |
|
Date of Appointment : |
20.12.1993 |
|
|
|
|
Name : |
Ms. Sapna Agarwal |
|
Designation : |
Director |
|
Address : |
K 3D, Saket, |
|
Date of Birth/Age : |
05.11.1966 |
|
Date of Appointment : |
16.03.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Kumaryoghesh Agarwal |
|
159950 |
|
Sapna Agarwal |
|
32700 |
|
Jai Kishan Dass Agarwal |
|
50 |
|
Aman Vaish |
|
50 |
|
Rajeev Vaish |
|
2150 |
|
Aditya Agarwal |
|
100 |
|
|
|
10000 |
|
Corporate International Financial
Services Limited, |
|
5000 |
|
Agarwal Port Folio Services Limited, |
|
8000 |
|
NDH Securities and Finance Private Limited, |
|
7000 |
AS ON 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
85.62 |
|
Other |
14.38 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject provides integrated solutions for Construction
Chemicals Industry. |
GENERAL INFORMATION
|
Bankers : |
|
|||||||||||||||||||||
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|||||||||||||||||||||
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Facilities : |
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Abhineet and Associates Chartered Accountant |
|
Address : |
501, Sharp Bhavan, Commercial Complex, Azadpur, |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
175000 |
Equity Shares |
Rs.100/-
each |
Rs.17.500
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 |
17.500 |
8.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5.624 |
3.326 |
1.621 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
23.124 |
11.826 |
4.121 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
38.990 |
22.000 |
18.545 |
|
|
2] Unsecured Loans |
31.096 |
23.544 |
14.277 |
|
|
TOTAL BORROWING |
70.086 |
45.544 |
32.822 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
93.210 |
57.370 |
36.943 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.029 |
3.216 |
0.725 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.000 |
2.400 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
24.340
|
10.315 |
25.296 |
|
|
Sundry Debtors |
128.102
|
91.705 |
0.000 |
|
|
Cash & Bank Balances |
6.829
|
5.111 |
57.840 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
26.807
|
5.608 |
2.318 |
|
Total
Current Assets |
186.078
|
112.739 |
85.454 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
72.728
|
52.705 |
43.293 |
|
|
Other Current Liabilities |
25.818
|
6.345 |
4.957 |
|
|
Provisions |
2.351
|
1.935 |
0.986 |
|
Total
Current Liabilities |
100.897
|
60.985 |
49.236 |
|
|
Net Current Assets |
85.181
|
51.754 |
36.218 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
93.210 |
57.370 |
36.943 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
SALES |
|
245.590 |
139.665 |
|
|
|
|
|
|
|
|
NET PROFIT FOR
THE YEAR |
|
2.978 |
2.135 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.39
|
9.01 |
19.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.84
|
1.85 |
1.74 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office address of the company
has been shifted from B-96, Wazirpurind Area,
The registered office address of the company
has been shifted from Plot No.48, Near MCD Health Centre,
Form 8:
|
Corporate
identity number of the company |
U74899DL1993PTC056531 |
|
Name of the company
|
AMORPHOS
CHEMICALS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
E-1/15, 2nd
Floor, Sector-7, Rohini, |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts |
|
Particular of
charge holder |
Bibby Financial
Services ( |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of receivables of Amorphous Chemicals Private Limited Letter for ceding
Pari-pasu charge issued by Chinatrust Commercial Bank |
|
Date of
instrument Creating the charge |
14/09/2010 |
|
Amount secured by
the charge |
Rs.60.000Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate of 14.00% p.a. together with tax and any other charges or rates as may
be determined by Bibby at its discretion and notified to the borrower from
time to time. Terms of
Repayment That the said due
shall be payable by the borrower to Bibby on its first demand at the office
of Bibby at Plot No. 121, First Floor, Sector 44, Gurgaon, Haryana. Bibby
shall be entitled to demand payment of all or any of the said dues at any
time from the borrower. Margin Prepayment
percentage to be determined by Bibby at its discretion from time to time and
notified to the borrower. Extent and
Operation of the charge As per agreement
of Hypothecation of receivables Others |
|
Short particulars
of the property charged |
All the present
and future book debts, outstanding moneys, receivables, claims and bills
which are now due and owing or which may at any time hereafter during the
continuance of this security become. due and owing to the borrower in the
course of its business by any person, firm, company or body corporate or by
the Government Department or office or any Municipal or local or Public or
Semi Government body or authority or any body corporate or undertaking or
project whatecer in the public sector. All the Hypothecated Assets, present
and future, whether now hypothecated or in future are and shall be in the
borrower's absolute and unencumbered property. |
|
Particulars of
the present modification |
At the request of
the Borrower, bibby has increased the sanctioned/agreed to sanction factoring
of receivables facilities to the Borrower from earlier sanctioned/agreed to
sanction facility from Rs.30.000 Millions to Rs.60.000 Millions. |
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.45.11 |
|
|
1 |
Rs.73.25 |
|
Euro |
1 |
Rs.61.70 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.