1. Summary Information
|
|
|
Country |
|
|
Company Name |
AKIN CHEMICALS PRIVATE LIMITED |
Principal Name 1 |
Mr. Sevantilal Jivanlal Parekh |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Vishal Vinod Somani |
|
|
|
Registration # |
11-109677 |
|
Street Address |
Jash Chambers, 5th Floor, |
||
|
Established Date |
29.07.1997 |
SIC Code |
-- |
|
Telephone# |
91-22-22660015 |
Business Style 1 |
Trader |
|
Fax # |
91-22-22666962 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Chemical |
|
|
# of employees |
255 (Approximately |
Product Name 2 |
Solvents |
|
Paid up capital |
Rs.
2,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors (100%) |
Banking |
The Saraswat
Co-operative Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
14 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
291,917,000 |
Current Liabilities |
209,109,000 |
|
Inventories |
97,567,000 |
Long-term Liabilities |
66,945,000 |
|
Fixed Assets |
11,755,000 |
Other Liabilities |
30,613,000 |
|
Deferred Assets |
188,000 |
Total Liabilities |
306,667,000 |
|
Invest& other Assets |
72,000 |
Retained Earnings |
92,832,000 |
|
|
|
Net Worth |
94,832,000 |
|
Total Assets |
401,499,000 |
Total Liab. & Equity |
401,499,000 |
|
Total Assets (Previous Year) |
266,056,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1249,250,000 |
Net Profit |
26,754,000 |
|
Sales(Previous yr) |
1228,295,000 |
Net Profit(Prev.yr) |
12,166,000 |
MIRA
INFORM REPORT
|
Report Date : |
07.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
AKIN CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Jash Chambers, 5th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
29.07.1997 |
|
|
|
|
Com. Reg. No.: |
11-109677 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 2.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51496MH1997PTC109677 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA19270G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA4152E |
|
|
|
|
Legal Form : |
Private limited Liability Company. |
|
|
|
|
Line of Business
: |
Trader of Chemical and Solvents. |
|
|
|
|
No. of Employees
: |
255 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 380000 |
|
|
|
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 : |
Jash Chambers, 5th Floor, |
|
Tel. No.: |
91-22-22660015 / 40985000 / 22612156 |
|
Fax No.: |
91-22-22666962 / 22666973 / 40985005 / 40985050 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3500 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Branch Office 1: |
F 4, Authentic Royal, |
|
Tel. No.: |
91-44-22522965 |
|
Mobile No.: |
91-9500065566 (Mr. B. M. Giri Sanjeevi Raja) |
|
E-Mail : |
|
|
|
|
|
Branch Office 2 : |
Flat No. 101, |
|
Tel. No.: |
91-40-27178027 |
|
Mobile No.: |
91-9866693790 (Mr. K, Balakrishna) |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Sevantilal Jivanlal Parekh |
|
Designation : |
Director |
|
Address : |
Bhartiya Bhavan, 5th Floor, 72, |
|
Date of Birth/Age : |
21.07.1932 |
|
Date of Appointment : |
23.04.2003 |
|
DIN No: |
00010767 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U70101MH1962PTC012323 |
SHYAM ESTATES PRIVATE LIMITED |
Director |
12-04-62 |
12-04-62 |
- |
Active |
NO |
|
2 |
U65990MH1962PTC012356 |
FISALCON PRIVATE LIMITED |
Director |
18-05-62 |
18-05-62 |
- |
Active |
NO |
|
3 |
U45200MH1970PLC012966 |
SHREE NIRMAL COMMERCIAL LIMITED |
Director |
13-08-70 |
13-08-70 |
- |
Active |
NO |
|
4 |
U63022GJ1947PTC000286 |
AHMEDABAD ICE AND COLD STORAGE PRIVATE LIMITED |
Director |
07-05-71 |
07-05-71 |
- |
Active |
NO |
|
5 |
U24110MH1971PTC171672 |
SHYAM CHEMICALS PRIVATE LIMITED |
Director |
07-05-71 |
07-05-71 |
- |
Active |
NO |
|
6 |
U37100MH1984PTC034250 |
UNI RECYCLER PRIVATE LIMITED |
Director |
11-10-84 |
11-10-84 |
- |
Active |
NO |
|
7 |
U27200MH1985PTC035691 |
VENTURE ROCYCLERS AND HOLDINGS PRIVATE LIMITED |
Director |
21-05-85 |
21-05-85 |
- |
Dormant |
NO |
|
8 |
L28100MH1968PLC014156 |
ORICON ENTERPRISES LIMITED |
Director |
13-08-85 |
13-08-85 |
- |
Active |
NO |
|
9 |
U24298MH1987PTC042601 |
MODERN SALT WORKS PRIVATE LIMITED |
Director |
05-03-87 |
05-03-87 |
14-10-11 |
Active |
NO |
|
10 |
U74210MH1982PTC028606 |
SUPER MARKETING SERVICES PRIVATE LIMITED |
Director |
10-04-90 |
10-04-90 |
- |
Active |
NO |
|
11 |
U22219MH1920PLC000697 |
G CLARIDGE AND COMPANY LIMITED |
Director |
30-11-90 |
30-11-90 |
- |
Active |
NO |
|
12 |
U67120MH1994PTC078483 |
BLUE-NILE FINVEST PRIVATE LIMITED |
Director |
01-09-94 |
01-09-94 |
- |
Active |
NO |
|
13 |
U55200MH1968PLC013933 |
THE DUKES RETREAT LIMITED |
Director |
08-03-98 |
08-03-98 |
- |
Active |
NO |
|
14 |
U25206MH1998PLC113694 |
CLARIDGE MOULDED FIBRE LIMITED |
Director |
06-04-98 |
06-04-98 |
- |
Active |
NO |
|
15 |
U35301MH1999PLC122386 |
SHINRAI AUTO SERVICES LIMITED |
Director |
26-10-99 |
26-10-99 |
- |
Active |
NO |
|
16 |
U65990MH2000PTC129186 |
BENCHMARK ASSET MANAGEMENT COMPANY PRIVATE LIMITED |
Director |
16-10-00 |
16-10-00 |
- |
Active |
NO |
|
17 |
U35110MH1952PLC009445 |
UNITED SHIPPERS LIMITED |
Managing director |
29-01-09 |
01-04-03 |
- |
Active |
NO |
|
18 |
U51496MH1997PTC109677 |
AKIN CHEMICALS PRIVATE LIMITED |
Director |
23-04-03 |
23-04-03 |
- |
Active |
NO |
|
19 |
U50103MH2004PLC149394 |
USL AUTO SERVICES LIMITED |
Director |
04-11-04 |
04-11-04 |
- |
Active |
NO |
|
20 |
U70100MH2005PLC153538 |
DHARAMTAR INFRASTRUCTURE LIMITED |
Director |
26-05-05 |
26-05-05 |
- |
Active |
NO |
|
21 |
U63010MH2006PLC158655 |
USL NMM LOGISTICS LIMITED |
Director |
05-01-06 |
05-01-06 |
- |
Active |
NO |
|
22 |
U60231RJ1946PTC000371 |
THE UNITED MERCANTILE COMPANY PRIVATE LIMITED |
Director |
05-05-06 |
05-05-06 |
- |
Active |
NO |
|
23 |
L11200MH2005PLC154793 |
GREAT OFFSHORE LIMITED |
Additional director |
16-10-06 |
16-10-06 |
20-11-08 |
Active |
NO |
|
24 |
U29299GJ1962PTC001143 |
FAIR FREEZE INDUSTRIES PRIVATE LIMITED |
Director |
07-05-07 |
07-05-07 |
- |
Strike off |
NO |
|
25 |
U01409MH2007PTC172033 |
ELIAN AGRICULTURAL HOLDINGS AND SERVICES PRIVATE LIMITED |
Director |
28-06-07 |
28-06-07 |
- |
Active |
NO |
|
26 |
U65990MH1990PTC056450 |
PRACTICAL FINANCIAL SERVICES PRIVATE LIMITED |
Director |
11-08-08 |
16-11-07 |
- |
Active |
NO |
|
27 |
U92411MH1933PLC002813 |
THE CRICKET CLUB OF INDIA LIMITED |
Director |
27-12-07 |
27-12-07 |
- |
Active |
NO |
|
28 |
U63012MH2006PLC162952 |
CGU LOGISTIC LIMITED |
Director appointed in casual vacancy |
18-12-08 |
18-12-08 |
- |
Active |
NO |
|
29 |
U74900MH2007PLC174107 |
USL PACKAGING LIMITED |
Director |
30-09-09 |
09-01-09 |
- |
Active |
NO |
|
30 |
U51430MH2008PTC178376 |
DHARAMTAR CEMENT PRIVATE LIMITED |
Director |
30-09-09 |
29-01-09 |
- |
Active |
NO |
|
31 |
U51900MH1982PLC027365 |
MORGANITE TRADING COMPANY LIMITED |
Director |
29-09-09 |
01-06-09 |
- |
Active |
NO |
|
32 |
U29260GJ1996PTC054866 |
KUSTERS CALICO MACHINERY PRIVATE LIMITED |
Director |
13-08-09 |
13-08-09 |
- |
Active |
NO |
|
33 |
U74999MH2010PLC202450 |
SUJAN AND AKIN INTERTANK TERMINAL LIMITED |
Director |
27-04-10 |
27-04-10 |
- |
Active |
NO |
|
Name : |
Mr. Vishal Vinod Somani |
|
Designation : |
Director |
|
Address : |
Bharti Bhavan, 1st Floor, Flat No. 5, 72, |
|
Date of Birth/Age : |
13.07.1976 |
|
Date of Appointment : |
23.04.2003 |
|
DIN No: |
00182426 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U51900MH1951PTC008377 |
VIKRAM TRADING COMPANY PRIVATE LIMITED |
Director |
16-08-01 |
16-08-01 |
- |
Active |
NO |
|
2 |
U51496MH1997PTC109677 |
AKIN CHEMICALS PRIVATE LIMITED |
Director |
23-04-03 |
23-04-03 |
- |
Active |
NO |
|
Name : |
Mr. Rajesh Kumar Tapuriah |
|
Designation : |
Director |
|
Address : |
82, Sujata, Little |
|
Date of Birth/Age : |
06.01.1965 |
|
Date of Appointment : |
01.07.1998 |
|
DIN No: |
00203841 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U74210MH1982PTC028606 |
SUPER MARKETING SERVICES PRIVATE LIMITED |
Director |
10-04-90 |
10-04-90 |
- |
Active |
NO |
|
2 |
U24200MH1989PTC051145 |
TRADEBASE CHEMICALS PRIVATE LIMITED |
Director |
15-07-90 |
15-07-90 |
- |
Active |
NO |
|
3 |
U17299WB1995PTC074350 |
INTER VERITAS PRIVATE LIMITED |
Director |
19-09-95 |
19-09-95 |
- |
Active |
NO |
|
4 |
U51496MH1997PTC109677 |
AKIN CHEMICALS PRIVATE LIMITED |
Director |
01-07-98 |
01-07-98 |
- |
Active |
NO |
|
5 |
U51909WB1991PTC053238 |
VAIKUNTH TRADING COMPANY PRIVATE LIMITED |
Director |
04-11-04 |
04-11-04 |
- |
Active |
NO |
|
6 |
U24110MH1971PTC171672 |
SHYAM CHEMICALS PRIVATE LIMITED |
Director |
01-10-05 |
01-10-05 |
- |
Active |
NO |
|
7 |
U74999MH2010PLC202450 |
SUJAN AND AKIN INTERTANK TERMINAL LIMITED |
Director |
27-04-10 |
27-04-10 |
- |
Active |
NO |
|
8 |
U63000MH2011PTC220614 |
AKIN LOGISTICS AND SERVICES PRIVATE LIMITED |
Director |
06-08-11 |
06-08-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Sevantilal J. Parekh |
|
12400 |
|
S |
|
12500 |
|
Vinodkumar Somani HUF |
|
9375 |
|
Maheshkumar Somani HUF |
|
200 |
|
Parekh S. Sarla and Parekh J. Sevantilal |
|
37450 |
|
Ankit Somani and Somani Sharad |
|
3750 |
|
Sharad Somani and Somani Poonam |
|
2523 |
|
Somani Dushyant and Somani Mahesh |
|
5000 |
|
Somani Manjushree and Somani Mahesh |
|
375 |
|
Somani Mahesh and Somani Manjushree |
|
3800 |
|
Tapuriah Smita and Tapuriah Rajeshkumar |
|
15450 |
|
Kalyani Manjula and Kalyani S. K. |
|
50 |
|
Tapuriah Indiradevi and Tapuriah Madanlal |
|
2000 |
|
Tapuriah Madanlal and Tapuriah Indiradevi |
|
10000 |
|
Aman B. P. and Samira Amin |
|
50 |
|
Somani Manjushree and Somani Mahesh |
|
5610 |
|
Vishal Somani and Garima Somani |
|
5621 |
|
Sharad Somani and Somani Poonam |
|
1220 |
|
Ankit Somani and Somani Poonam |
|
10000 |
|
Sujata Parekh and Sevantilal Jivanlal Parekh |
|
10085 |
|
Tapuriah Indiradevi |
|
12520 |
|
Rajesh Kumar Tapuriah |
|
12400 |
|
Tapuriah Smita |
|
5000 |
|
Madanlal Tapuriah HUF |
|
60 |
|
Tapuriah Smita and Manjushree Somani |
|
49 |
|
Rajesh Kumar Tapuriah and Somani Manjushree |
|
1 |
|
Mahesh Somani and Dushyant Somani |
|
11 |
|
Vaikunth Trading Company Private Limited, |
|
22500 |
|
|
|
|
|
Total |
|
200000 |
Equity Share Break up (Percentage of Total Equity)
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Chemical and Solvents. |
|
|
|
|
Products : |
·
Alcohols ·
Monomers ·
Olefins ·
Aliphatic Solvents ·
Chlorinated Solvents ·
Plasticizers ·
Ketones ·
Esters ·
Hydrocarbons ·
Glycol Ethers ·
Aromatic ·
Acids ·
Other Chemicals |
GENERAL INFORMATION
|
No. of Employees : |
255 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
The Saraswat Co-operative Bank Limited, SME Nariman Point Branch,
Mittal Court A Wing, 1st Floor, Vidhan Bhavan Marg, Nariman Point,
Mumbai – 400021, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. G. Kabra and Company Chartered Accountant |
|
Address : |
Wavell House, 1st Floor, 1st |
|
Tel. No.: |
91-22-22010708 / 22004533 |
|
Fax No.: |
91-22-22001497 |
|
E-Mail : |
|
|
Website: |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Share |
Rs. 10/- Each |
Rs. 2.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
200000 |
Equity Share |
Rs. 10/- Each |
Rs. 2.000 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 |
2.000 |
2.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
92.832 |
66.780 |
55.315 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
94.832 |
68.780 |
57.315 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.053 |
2.207 |
3.417 |
|
|
2] Unsecured Loans |
64.892 |
68.691 |
65.657 |
|
|
TOTAL BORROWING |
66.945 |
70.898 |
69.074 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.103 |
|
|
|
|
|
|
|
|
TOTAL |
161.777 |
139.678 |
126.492 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.755 |
11.663 |
14.075 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.072 |
37.703 |
0.072 |
|
|
DEFERREX TAX ASSETS |
0.188 |
0.100 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
97.567
|
3.652 |
30.068 |
|
|
Sundry Debtors |
192.588
|
147.191 |
196.408 |
|
|
Cash & Bank Balances |
65.383
|
38.662 |
32.302 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
33.946
|
27.085 |
24.563 |
|
Total
Current Assets |
389.484
|
216.590 |
283.341 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
203.443
|
96.201 |
144.035 |
|
|
Other Current Liabilities |
5.666
|
5.444 |
4.113 |
|
|
Provisions |
30.613
|
24.733 |
22.850 |
|
Total
Current Liabilities |
239.722
|
126.378 |
170.998 |
|
|
Net Current Assets |
149.762
|
90.212 |
112.343 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
161.777 |
139.678 |
126.492 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1249.250 |
1228.295 |
1052.103 |
|
|
|
Other Income |
3.844 |
6.880 |
54.788 |
|
|
|
TOTAL (A) |
1253.094 |
1235.175 |
1106.891 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
1108.393 |
1131.766 |
997.221 |
|
|
|
Employees Remuneration and Benefits |
13.474 |
8.567 |
9.814 |
|
|
|
Administrative and Other Expenses |
73.696 |
57.119 |
53.763 |
|
|
|
TOTAL (B) |
1195.563 |
1197.452 |
1060.798 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
57.531 |
37.723 |
46.093 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.262 |
16.749 |
15.352 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
42.269 |
20.974 |
30.741 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.042 |
2.419 |
1.991 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
40.227 |
18.555 |
28.750 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
13.473 |
6.389 |
9.829 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
26.754 |
12.166 |
18.921 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
62.175 |
51.911 |
35.581 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.700 |
1.200 |
1.890 |
|
|
|
Dividend |
0.600 |
0.600 |
0.600 |
|
|
|
Tax on Dividend |
0.102 |
0.102 |
0.102 |
|
|
BALANCE CARRIED
TO THE B/S |
85.527 |
62.175 |
51.911 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
110.409 |
5.774 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
638.400 |
|
|
|
Stores & Spares |
0.000 |
0.000 |
0.464 |
|
|
TOTAL IMPORTS |
0.000 |
0.000 |
638.864 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
133.77 |
60.83 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.14 |
0.98 |
1.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.22 |
1.51 |
2.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.03 |
8.13 |
9.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42 |
0.27 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.23 |
2.87 |
4.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.62 |
1.71 |
1.66 |
LOCAL AGENCY FURTHER INFORMATION
|
Corporate identity
number of the company |
U51496MH1997PTC109677 |
|
Name of the
company |
AKIN CHEMICALS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Jash Chambers, 5th Floor, |
|
This form is for |
Modification of
charge |
|
Charge
Identification number of the charge to be modified |
80008146 |
|
Type of charge |
|
|
Particular of
charge holder |
The Saraswat Co-operative Bank
Limited, SME Nariman Point Branch, Mittal Court A Wing, 1st Floor,
Vidhan Bhavan Marg, Nariman Point, Mumbai – 400021, Maharashtra, India Email: njbhatia@rediffmail.com |
|
Nature of
instrument creating charge |
Deed of
Hypothecation for Enhancement of D/A L/C limit ( Supplementary Deed) |
|
Date of
instrument Creating the charge |
11.07.2011 |
|
Amount secured by
the charge |
Rs. 650.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Nil Terms of Repayment On demand Margin Nil Extent and Operation of the charge This is L/C
facility |
|
Short particular of
the property or asset(s) charged |
Hypothecation
of stocks under L/C tangible movable property( both present and
future) belonging the borrower and lying and being at borrowers place of
business at Jash Chambers, 5th Floor Sir P M Road Mumbai or whereverelse the same may be |
|
Date of last
modification prior to the present modification |
27.10.2010 |
|
Particulars of
the present modification |
L/C limit
enhanced from Rs 500.000 Millions to Rs 650.000 Millions ( additional Rs
150.000 Millions) |
FIXED ASSETS
·
Office Premises
·
Computer
·
Motorcar
·
Furniture and Fixture
·
Fax Machine
·
Xerox Machine
·
Mobile Instruments
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. 49.08 |
|
|
1 |
Rs. 78.65 |
|
Euro |
1 |
Rs. 67.79 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.