1. Summary Information
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Country |
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Company Name |
PURE
CHEMICALS COMPANY |
Principal Name 1 |
Mr. M Ponnuswami |
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Status |
Satisfactory |
Principal Name 2 |
Mrs. P. Manoranjitham |
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Registration # |
-- |
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Street Address |
No.
32 H Block, 15th |
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Established Date |
1981 |
SIC Code |
-- |
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Telephone# |
91-44-26161803 |
Business Style 1 |
Manufacturer of Chemicals. |
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Fax # |
91-44-26161813/
14 |
Business Style 2 |
-- |
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Homepage |
Product Name 1 |
Chemicals |
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# of employees |
300 |
Product Name 2 |
Pharmaceuticals |
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Paid up capital |
-- |
Product Name 3 |
Agro Products |
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Shareholders |
-- |
Banking |
State
Bank of |
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Public Limited Corp. |
-- |
Business Period |
30 years |
|
IPO |
-- |
International Ins. |
- |
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Public |
-- |
Rating |
Ba (45) |
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Related
Company |
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Relation
- Group Companies |
Country
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Company
Name |
Pon Pure Chemicals (Private) Limited |
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Note |
- |
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2. Summary
Financial Statement
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Balance Sheet as of |
-- |
(Unit: Indian Rs.) |
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Assets |
Liabilities |
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Current Assets |
-- |
Current Liabilities |
-- |
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Inventories |
-- |
Long-term Liabilities |
-- |
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Fixed Assets |
-- |
Other Liabilities |
--- |
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Deferred Assets |
-- |
Total Liabilities |
-- |
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Invest& other Assets |
-- |
Retained Earnings |
-- |
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Net Worth |
-- |
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Total Assets |
-- |
Total Liab. & Equity |
-- |
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Total Assets (Previous Year) |
-- |
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P/L Statement as of |
31.03.2008 (Group) |
(Unit: Indian Rs.) |
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Sales |
800,000,000 |
Net Profit |
-- |
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Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
24.03.2011 |
IDENTIFICATION DETAILS
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Name : |
PURE CHEMICALS COMPANY |
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Formerly Known As : |
PON PURE CHARITIES. |
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Registered Office : |
No. 32 H Block, 15th |
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Country : |
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Financials (as on) : |
31.03.2008 (Group) |
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Year of Establishment : |
1981 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the
Partners. |
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Line of Business : |
Manufacturer of Chemicals. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba (45) |
RATING
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STATUS |
PROPOSED
CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established partnership concern having satisfactory track. Mr. Govardhan,
Accounts provided to us the general information and denied to disclose financial
details. However, trade relations are reported as fair. Business is active.
Payments are reported to be usually correct. The concern can
be considered normal for business dealings at usual trade terms and
conditions. |
INFORMATION PARTED BY (GENERAL DETAILS)
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Name : |
Mr. Govardhan |
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Designation : |
Accountants |
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Date : |
21.03.2011 |
LOCATIONS
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Registered /Head Office : |
No. 32 H Block, 15th |
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Tel. No.: |
91-44-26161803 |
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Fax No.: |
91-44-26161813/ 14 |
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E-Mail : |
basicchemicals@pure-chemical.com |
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Website : |
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Location : |
Owned |
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Factory 1 : |
2/6D, |
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Tel. No.: |
91-413 - 2203210 / 2203151 |
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Fax No.: |
91-413-2332210 |
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E-Mail : |
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Factory 2 : |
45, Sidco Industrial Estate, Ranipet - 632 403 |
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Tel. No.: |
91-4172 - 244179 / 244863 |
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E-Mail : |
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Factory 3 : |
Unit No.129, Creative Industrial Estate, Sunder Nagar,
Road No.2, Kalina, Santacruz (E), Mumbai - 400 098. |
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Tel. No.: |
91-22-66937163/ 7164/ 7165 |
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Fax No.: |
91-22-26664729 |
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E-Mail : |
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Branch 1 : |
No.29, Nirman Apartment, Mayur Vihar, Phase I Ext. |
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Tel. No.: |
91-11 - 55647055 |
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E-Mail : |
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Branch 2 : |
Plot No.14,15,16, Sector 1A, Room No.7, Ist Floor,
Popoular Plaza |
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Tel. No.: |
91-2836 - 231589 |
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E-Mail : |
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Branch 3 : |
30-10-28, 2nd Floor, Lalitha Complex, Dabagardens, |
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Mobile No.: |
91-98480 18516 |
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E-Mail : |
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Branch 4 : |
Ist Floor, Gulistan Compound, No.8, |
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Tel. No.: |
91-2642 - 230904 |
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E-Mail : |
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Branch 5 : |
Shop No. 3, Ground Floor, ABCO Trade Centre,
Kottarachowky, |
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Tel. No.: |
91-824 - 2451701 |
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E-Mail : |
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Branch 6 : |
102, 3-47-124, Vasavi Nagar, Karkhana, Secunderabad - 15. |
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Tel. No.: |
91-40 - 27746087, 27741265 |
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Fax No.: |
91-40 - 27746087 |
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E-Mail : |
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Branch 7 : |
23A, Mathulaparambil, |
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Tel. No.: |
91-484-2780130, 2777235 |
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E-Mail : |
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Branch 8 : |
No.551, 3rd |
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Tel. No.: |
91-80-23493289, 23492251 |
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Fax No.: |
91-80 - 23492251 |
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E-Mail : |
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Branch 9 : |
No.206B, (Old No.33B/4), |
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Tel. No.: |
91-4562 - 277794 |
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E-Mail : |
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Branch 10 : |
No.23, Ammaniammal Layout, |
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Tel. No.: |
91-421 - 2424256, 2424337 |
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Fax No.: |
91-421 - 2424319 |
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E-Mail : |
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Branch 11 : |
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Tel. No.: |
91-424 - 2210677, 2218106 |
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Fax No.: |
91-424 - 2212720 |
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E-Mail : |
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Branch 12 : |
1252, |
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Tel. No.: |
91-422 - 2564005, 2563451 |
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Fax No.: |
91-422 - 2563451 |
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E-Mail : |
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Branches 13: |
213, Kamarajar Salai, |
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Tel. No.: |
91-452 - 2630437, 2630685, 2630683 |
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E-Mail : |
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Branches 14: |
Sengunthapuram, 5th |
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Tel. No.: |
91-4324 - 259374 / 236724 |
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E-Mail : |
PARTNERS
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Name : |
Mr. M Ponnuswami |
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Designation : |
Partner |
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Address : |
45 VII Cross Street Shenoy Nagar, Chennai – 600030, |
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Date of Birth : |
8.10.1954 |
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Name : |
Mrs. P. Manoranjitham |
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Designation : |
Partner |
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Address : |
45 VII Cross Street Shenoy Nagar, Chennai – 600030, |
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Date of Birth : |
15.06.1961 |
BUSINESS
DETAILS
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Line of Business : |
Manufacturer of Chemicals. |
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Products : |
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Exports : |
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Products : |
Chemicals |
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Countries : |
·
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·
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Terms : |
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Selling : |
L/C, Credit, Cash |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
End Users ·
Akzo Nobel ·
Annabond Essex ·
Asian Paints Limited ·
Asian Paints Limited ·
Aurobindo Pharma ·
Berger Paints ·
Berger Paints ·
Castrol ·
Cipla Limited ·
Asian Peroxide Limited ·
Biocon ·
Bostic Findley ·
BASF ·
Dr.Reddys Lab ·
Forward Leather ·
Color Plus ·
Henkal Spic ·
Extraction Limited ·
Kancor Flavours ·
Goodlac Nerolac ·
Hidesign ·
Matrix Laboratories ·
Nutrine Confectioneries ·
Reliance Industries Limited ·
Kurlon ·
MRF Limited ·
Ranbaxy ·
KG Denim ·
Mechemco ·
Sun Pharmaceuticals ·
Synthite Industrial Corporation ·
Tamil Nadu News Print Limited |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
v
State Bank of |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
Raj and Alexander Company Chartered Accountants |
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Address : |
16 GC Nelson Nest, Ground Floor, |
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Group Companies : |
Pon Pure Chemicals (Private) Limited Line of Business – Trader of Chemicals |
CAPITAL
STRUCTURE
Not Divulged
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 (Estimated) |
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Sales Turnover (Group) |
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800.000 |
LOCAL AGENCY
FURTHER INFORMATION
Nil
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.44.96 |
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|
1 |
Rs.73.56 |
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Euro |
1 |
Rs.63.68 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
45 |
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 |
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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 |
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.