Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
ANABOND LIMITED |
Principal Name 1 |
Mr. J. Vijayakumar |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. A. V.
Ramanujam |
|
|
|
Registration # |
18-000249 |
|
Street Address |
Type II, 36, Dr. VSI Estate, Thiruvanmiyur, Chennai 600041, Tamil Nadu |
||
|
Established Date |
29.02.1984 |
SIC Code |
-- |
|
Telephone# |
91-44-23460050/53 |
Business Style 1 |
Manufacturer of Industrial Adhesives and Sealants (Liquid
Form), Lubricants, and Adhesives and Sealants (Paste Form) |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Lacquers and Primers |
|
|
# of employees |
Not Available |
Product Name 2 |
Adhesives |
|
Paid up capital |
Rs.
35,843,600 |
Product Name 3 |
Sealants |
|
Shareholders |
Directors or relatives of directors 79.73% |
Banking |
Indian Overseas Bank |
|
Public Limited Corp. |
-- |
Business Period |
27 years |
|
IPO |
-- |
International Ins. |
-- |
|
Public |
-- |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation - Subsidiaries |
Country
|
Company
Name |
Anadocs IT Solutions Private Limited |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
333,602,000 |
Current Liabilities |
132,618,000 |
|
Inventories |
94,889,000 |
Long-term Liabilities |
36,217,000 |
|
Fixed Assets |
206,502,000 |
Other Liabilities |
0 |
|
Deferred Assets |
948,000 |
Total Liabilities |
168,835,000 |
|
Invest& other Assets |
68,632,000 |
Retained Earnings |
499,894,000 |
|
|
|
Net Worth |
535,738,000 |
|
Total Assets |
704,573,000 |
Total Liab. & Equity |
704,573,000 |
|
Total Assets (Previous Year) |
652,970,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
764,573,000 |
Net Profit |
94,515,000 |
|
Sales(Previous yr) |
648,429,000 |
Net Profit(Prev.yr) |
96,625,000 |
MIRA
INFORM REPORT
|
Report Date : |
16.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ANABOND LIMITED |
|
|
|
|
Registered Office : |
Type II, 36, Dr. VSI Estate, Thiruvanmiyur, Chennai 600041, Tamil Nadu
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
29.02.1984 |
|
|
|
|
Com. Reg. No.: |
18-000249 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.35.844
Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U24295PY1984PLC000249 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CHEA00689D |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCA4158Q |
|
|
|
|
Legal Form : |
A Closely Held
Public Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacturer of Industrial
Adhesives and Sealants (Liquid Form), Lubricants, and Adhesives and Sealants
(Paste Form) |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2142952 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and 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) |
|
|
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: |
Type II, 36, Dr. VSI Estate, Thiruvanmiyur, Chennai 600041, Tamil |
|
Tel. No.: |
91-44-23460050/53 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2: |
No. 102, |
|
Tel No.: |
91-4114-27478757/8787 |
|
Fax No.: |
91-4114-27478784 |
|
|
|
|
Factory 3: |
No.26/2, CAD No.82, |
|
Tel No.: |
91-413-2640869/
808/ 868 |
|
Area : |
12000sq.fts |
|
Location : |
Owned |
|
|
|
|
Corporate Office 1 : |
No. 15, 2nd
|
|
Tel No.: |
91-44-23460041 /
42 / 43 |
|
Fax No.: |
91-44-23460062 |
|
E-Mail: |
|
|
|
|
|
Corporate
Office 2 : |
Old No.55, New. No.38, |
|
Tel No: |
91-44-24425041/24418621 |
|
E-Mail: |
|
|
|
|
|
Plants: |
Research and Development Centre: 86, Perungudi,
Chennai – 600 096, Tamilnadu, Tel No.: 91 – 44-
23460064 / 65 Fax No.: 91 –
44-42152145 RS 28/2, CAD 82, Tel No.
91-413-2640868/2640304/2649394 Fax No.
91-413-2640808/2640775 Email : anapropdy@sify.com
Village Baridua,
P. O. Amerigong, No.102, Fax
No.: 91-4114 -27478784 |
|
|
|
|
Zonal Office: |
311, J. K.
Chambers, Sector 17, Vashi, Navi Mumbai – 400 705, |
|
Tel. No.: |
91-22-2789
3500/2789 2711 |
|
Fax No.: |
91-22-2789 2696 |
|
|
|
|
Marketing -
Head Office : |
No.15, 2nd Phone: 91-44-24402311/12/13 Domestics
Marketing: Tel No.:91-44-23460045/46 Fax No.:91-44-23460048 Email: marketing@anabond.com International
Marketing: Tel No.:91-44-24483649 Fax No.:91-44-24928005 Email: exports@anabond.com |
|
|
|
|
Overseas Operations : |
A-09-09, Menara Megah, Jalan Kolam Air 51200, |
|
|
|
|
Factory
2 : |
No.
102, |
|
Tel No.: |
91-4114-27478757/274 |
|
Fax No.: |
91-4114-27478784 |
|
|
|
|
Branches : |
Located at:
|
|
|
|
|
R and D Centre : |
No.86, Industrial Estate, Perungudi, Chennai
- 600096 |
|
Tel No.: |
91-44-23460064/65 |
|
Fax No.: |
91-44-42152145 |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. J.
Vijayakumar |
|
Designation : |
Chairman cum
Managing Director |
|
Address : |
41/2D, Athreya
Apartment, 2nd |
|
Date of Birth/Age : |
07.09.1951 |
|
Date of Appointment : |
29.02.1984 |
|
|
|
|
Name : |
Mr. A. V.
Ramanujam |
|
Designation : |
Director |
|
Address : |
20, |
|
Date of Birth/Age : |
14.04.1951 |
|
Date of Appointment : |
29.02.1984 |
|
|
|
|
Name : |
Mr. Ashok Ahuja |
|
Designation : |
Director |
|
Address : |
H-34, Kirti
Nagar, |
|
Date of Birth/Age : |
10.06.1956 |
|
Date of Appointment : |
30.09.1999 |
|
|
|
|
Name : |
Mr. Bernard Syiem |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
12.08.1968 |
|
Date of Appointment : |
15.12.2004 |
|
|
|
|
Name : |
Mr. Esakiapillai Srinivasan |
|
Designation : |
Director |
|
Address : |
23/9,
Amirthavanam Flats, |
|
Date of Birth/Age : |
17.03.1961 |
|
Date of Appointment : |
24.08.2007 |
|
|
|
|
Name : |
Mr. Jolarpettai Veeramuthu Sreedhar |
|
Designation : |
Director |
|
Address : |
No.5G, Deccan
Lakshmi Flats 16th |
|
Date of Birth/Age : |
12.04.1962 |
|
Date of Appointment : |
24.08.2007 |
|
Date of Ceasing : |
25.05.2010 |
|
|
|
|
Name : |
Mr. Kaliappan Adhinarayanan |
|
Designation : |
Director |
|
Address : |
Plot No.5, Door No.2,
Padmalaya Apartments, |
|
Date of Birth/Age : |
20.04.1949 |
|
Date of Appointment : |
24.08.2007 |
|
|
|
|
Name : |
Mr. Venkateshwaran Lakshminarayanan |
|
Designation : |
Director |
|
Address : |
No.7, Narayan Kripa GA Jeevarathinam Nagar, Adyar, Chennai – 600020, |
|
Date of Birth/Age : |
18.06.1956 |
|
Date of Appointment : |
24.08.2007 |
KEY EXECUTIVES
|
Name : |
Mr. E. Srinivasan |
|
Designation : |
Executive Director |
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|
|
|
Name : |
Mr. J V Sreedhar |
|
Designation : |
Executive Director |
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|
|
|
Name : |
Mr. V Lakshminarayanan |
|
Designation : |
Executive Director |
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|
|
|
Name : |
Mr. K Adhinarayanan |
|
Designation : |
Executive Director |
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|
|
|
Name : |
Mr. J. Vijayakumar |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. A.V. Ramanujam |
|
Designation : |
Whole Time Director |
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|
|
|
Name : |
Mr. A R Kalairaja |
|
Designation : |
Group Manager |
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|
|
|
Name : |
Mr. S Esakkimuthu |
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Designation : |
M R – ISO -9001 |
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|
Name : |
Mr. K. Surrendra Babu |
|
Designation : |
Manager – Materials |
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|
|
|
Name : |
Mr. G. Saravanakumar |
|
Designation : |
Head-Production |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Equity share
breakup |
|
|
Category |
Percentage |
|
Directors or relatives of directors |
79.73 |
|
Others |
20.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Industrial Adhesives and Sealants (Liquid Form), Lubricants, and Adhesives
and Sealants (Paste Form) |
||||||||
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|
|
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|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
|
|
Actual
Production |
|
Adhesives and Sealants |
|
|
|
|
|
- Liquid Form |
Ltrs. |
|
|
243816.000 |
|
- Paste Form |
Kgs. |
|
|
1542938.000 |
|
Lubricants |
Ltrs. |
|
|
12251.000 |
|
Paints and Coating |
|
|
|
|
|
- Liquid Form |
Ltrs. |
|
|
375396.000 |
GENERAL INFORMATION
|
Customers : |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
CNGSN an
Association Chartered
Accountant |
|
Address : |
Agastyar Manor,
New No.20, Old No.13, |
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|
|
|
Joint Venture: |
|
|
|
|
|
Subsidiaries : |
CIN
No.: U72200TN2003PTC051954
CIN No.:
U27300TN2007PTC063230 |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6000000 |
Equity Shares |
Rs.10/- Each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3584360 |
Equity Shares |
Rs.10/- Each |
Rs.35.844
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 |
35.844 |
36.779 |
35.844 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
499.894 |
437.466 |
335.360 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
535.738 |
474.245 |
371.204 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
27.344 |
49.803 |
62.830 |
|
|
2] Unsecured Loans |
8.873 |
6.365 |
13.586 |
|
|
TOTAL BORROWING |
36.217 |
56.168 |
76.416 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
1.423 |
1.121 |
|
|
|
|
|
|
|
|
TOTAL |
571.955 |
531.836 |
448.741 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
206.502 |
200.979 |
179.140 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
20.659 |
|
|
|
|
|
|
|
|
INVESTMENT |
68.632 |
68.632 |
67.782 |
|
|
DEFERREX TAX ASSETS |
0.948 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
94.889 |
76.626 |
68.275 |
|
|
Sundry Debtors |
174.469
|
187.542
|
151.306 |
|
|
Cash & Bank Balances |
58.291
|
39.766
|
11.495 |
|
|
Other Current Assets |
2.966
|
2.514
|
8.569 |
|
|
Loans & Advances |
97.876
|
76.911
|
59.396 |
|
Total
Current Assets |
428.491
|
383.359
|
299.041 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
77.664
|
67.999 |
NA |
|
|
Other Current Liabilities |
30.499
|
32.268
|
100.160 |
|
|
Provisions |
24.455
|
20.867
|
17.721 |
|
Total
Current Liabilities |
132.618
|
121.134
|
117.881 |
|
|
Net Current Assets |
295.873
|
262.225
|
181.160 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
571.955 |
531.836 |
448.741 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
755.668 |
648.429 |
637.993 |
|
|
|
Sales Income – Trading |
8.905 |
0000 |
0.000 |
|
|
|
Other Income |
6.988 |
65.490 |
6.133 |
|
|
|
TOTAL (A) |
771.561 |
713.919 |
644.126 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw Materials and Finished Goods |
400.945 |
365.335 |
328.749 |
|
|
|
Cost of Sales – Trading of Steel Pipes and tubes |
8.290 |
0.000 |
0.000 |
|
|
|
Manufacturing Expenses |
25.648 |
22.879 |
23.506 |
|
|
|
Salaries and Staff Welfare |
97.465 |
88.246 |
74.326 |
|
|
|
Administrative Expenses |
60.903 |
51.725 |
56.196 |
|
|
|
Selling and Distribution Expenses |
31.466 |
31.016 |
38.848 |
|
|
|
Other Expenses |
0.000 |
0.000 |
6.150 |
|
|
|
TOTAL (B) |
624.717 |
559.201 |
527.775 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
146.844 |
154.718 |
116.351 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.822 |
23.027 |
15.457 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
139.022 |
131.691 |
100.894 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
28.691 |
22.084 |
17.778 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
110.331 |
109.607 |
83.116 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
15.816 |
12.982 |
10.538 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
94.515 |
96.625 |
72.578 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
9.451 |
9.473 |
7.056 |
|
|
|
Proposed Dividend @ 15% |
5.376 |
5.376 |
5.376 |
|
|
|
Tax on Dividend |
0.893 |
0.914 |
0.914 |
|
|
BALANCE CARRIED
TO THE B/S |
78.794 |
78.966 |
57.216 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
27.131 |
21.440 |
24.296 |
|
|
TOTAL EARNINGS |
27.131 |
21.440 |
24.296 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Foreign Currency Outflow |
109.675 |
126.758 |
99.610 |
|
|
TOTAL IMPORTS |
109.675 |
126.758 |
99.610 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
26.23 |
25.82 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
12.25
|
13.53
|
11.27 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.60
|
16.90
|
13.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.37
|
18.75
|
17.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.23
|
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.32
|
0.37
|
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.23
|
3.16
|
2.53 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The registered office of the company has been shifted from RS No. 26/2,
CAD No.82, Thirubhuvani Village, Manadipet Commune, Pondicherry – 605 102,
TamilNadu, India to present w.e.f.
2011
PERFORMANCE
During the F.Y, 2009-10, the company achieved a turnover of Rs.814.669
Millions, compared to Rs.719.884 Millions previous year, recording an increase
of 13.20%. The gross earnings before interest, Depreciation and Taxes stood at
Rs.146.843 Millions, compared to Rs.95.549 Millions of last fiscal year. After
providing for interest and depreciation the profit before tax was Rs.110.331
Millions, compared to the earlier year's profit of Rs.50.438 Millions.
Bankers Charges
Report as per Registry
|
Corporate identity
number of the company |
U24295TN1984PLC075194 |
|
Name of the
company |
ANABOND LTD |
|
Address of the
registered office or of the principal place of business in |
Type II, 36, Dr. V.S.I.
Estate, Thiruvanmiyur, Chennai – 600041, Tamil |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book Debts Immovable
Property Movable Property Floating Charge |
|
Particular of
charge holder |
INDIAN OVERSEAS
BANK |
|
Nature of
instrument creating charge |
i) Letter of
Hypothecation dated 26th November, 2010; and ii) Confirmation
Letters evidencing creation of Supplemental Mortgage (6 Nos) all dated 26th
November, 2010. |
|
Date of
instrument Creating the charge |
26/11/2010 |
|
Amount secured by
the charge |
Rs.228.700
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Any such rate as may
be advised to the Company from time to time in respect of the credit
facilities. Terms of
Repayment Total Credit
facilities (both fund based and non-fund based) of Rs.22.87 Crores - Unless
demanded earlier, repayable as per sanction terms. Margin As may be
prescribed by the Bank from time to time for the credit facilities. Extent and
Operation of the charge The Company
created charge in favour of Indian Overseas Bank, C and I Credit Branch,
Mylapore by way of Hypothecation Current Assets and Fixed Assets and Mortgage
of immovable properties of the Company to secure the enhanced credit
facilities granted to the Company aggregating to Rs.228.700 Millions together
with interest, costs, charges and other dues which may become due and owing
to the bank in respect of the said credit facilities. |
|
Date of
instrument modifying the charge |
20/01/2009 |
|
Particulars of
the present modification |
By the present
modification, Indian Overseas Bank has granted additional credit facilities of
Rs.60.000 Millions thereby the aggregate credit facilities granted to the
Company have been enhanced from Rs.168.700 Millions to Rs.228.700 Millions
and the enhanced credit facilities are secured by hypothecation of
machineries, goods and book debts and by way of supplemental mortgage letter
of deposit of title deeds relating to immovable properties of the Company as
described in the attachment. |
Fixed Assets:
- Land and Building
- Plant and Machinery
- Furniture and Fixtures
- Vehicles
As Per Web Details:
Anabond was established in the year 1979, for the development and manufacture of Engineering Adhesives and Sealants. Anabond is the first Indian company to manufacture Anaerobic Adhesives and Sealants, RTV Silicone Sealants and Single component epoxies.
Today Anabond in Products include Anaerobics, Epoxies, RTV Silicones, Polyurethanes, Rubber Based (Chloro and Butyl), Acrylic, Solvent Based Adhesive, Cyanoacrylate, Specialty Coatings etc with more than 300 products.
These products are used as a raw material for the manufacturing industry or for the service of different processing industries. Their adhesives find diverse spectrum of applications in products right from Disposable Syringes to space vehicles.
Anabond still remains to be the largest manufacturer and
supplier of liquid gaskets for Indian automobile engine and transmission in
Features
- Three decades of expertise in development and manufacture of Adhesives, Sealants and Coatings.
- Total Commitment towards Quality and Service - An ISO 9001 company.
- Dedicated staff and personalized attention.
- Serving satisfactorily to a wide cross section of industries.
- Manufacturing
facility at Chennai,
- With wide network of offices and dealership points.
Joint Ventures /
Collaborations
A joint venture with
US based company M/s. Essex Speciality Products Inc., (Dow
Automotive),
Anabond Limited has
entered in to a Joint Venture with M/s. Stedman Pharmaceuticals Private Limited
in the name of M/s. Anabond Stedman Pharma Research Private Limited
for manufacturing and marketing Dental
composites in Domestic and International Markets. These Dental Composites are used by Dentists
for restorative and bonding applications in Dentistry. The Technology Know-how
has developed by Sree Chitra
Tirunal Institute for Medical Sciences and Technology, Thiruvananthapuram.
Anabond Limited has
started a new company viz., M/s. Anadocs IT Solutions Private Limited, a one stop IT solution provider, specialize
in Multimedia Solutions, ERP Solutions, Internet Software Solutions, Web Design
and Development, E-Commerce Solutions and Custom Programming. Anadocs offers
migration to creative, open, advanced, flexible, secure, reliable & highly
adopted platform. Anadocs has a joint venture in
Anabond is also in the process of obtaining manufacturing licenses from world leaders in the field of specialty adhesives and sealants. The key focus is on the requirements of the Indian automotive and electronic sectors.
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.44.91 |
|
|
1 |
Rs.73.06 |
|
Euro |
1 |
Rs.64.03 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.