1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Anmol Polymers Private Limited |
Principal Name 1 |
Mr. Arvind Kumar Sharma |
|
Status |
Good |
Principal Name 2 |
Mr. Anurag Sharma |
|
|
|
Registration # |
55-044225 |
|
Street Address |
1014, Tower T-2, Pearl Omaxe Tower, Netaji Subhash Place, Pitampura,
Delhi – 110034, India |
||
|
Established Date |
06.05.1991 |
SIC Code |
-- |
|
Telephone# |
91-11-47335500/ 27357073/ 27357075/ 42470152 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-11-42470152/ 47335506 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Speciality Chemical FPRs Pulp |
|
|
# of employees |
Not Available |
Product Name 2 |
Papers Mills Including Coaters |
|
Paid up capital |
Rs.2,97,500/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors -100.00% |
Banking |
Punjab National Bank |
|
Public Limited Corp. |
No |
Business Period |
20 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (53) |
|
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 |
112,512,000 |
Current Liabilities |
22,963,000 |
|
Inventories |
18,408,000 |
Long-term Liabilities |
52,632,000 |
|
Fixed Assets |
17,354,000 |
Other Liabilities |
5,960,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
81,555,000 |
|
Invest& other Assets |
219,377,000 |
Retained Earnings |
284,695,000 |
|
|
|
Net Worth |
286,096,000 |
|
Total Assets |
367,651,000 |
Total Liab. & Equity |
367,651,000 |
|
Total Assets (Previous Year) |
331,749,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Gross Revenue |
173,253,000 |
Net Profit |
26,660,000 |
|
Gross Revenue (Previous yr) |
193,003,000 |
Net Profit(Prev.yr) |
30,051,000 |
MIRA
INFORM REPORT
|
Report Date : |
25.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
ANMOL POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1014, Tower T-2, Pearl Omaxe Tower, Netaji Subhash Place, Pitampura,
Delhi – 110034 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
06.05.1991 |
|
|
|
|
Com. Reg. No.: |
55-044225 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.298
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1991PTC044225 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA12764D DELA08701A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA0870F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of various types of Speciality Chemical FPRs Pulp and
Papers Mills including Coaters. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. General financial
position is good. Trade relations are reported as fair. Business is active.
Payments are reported to be regular 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 : |
1014, Tower T-2, Pearl Omaxe Tower, Netaji Subhash Place, Pitampura,
Delhi – 110034, India |
|
Tel. No.: |
91-11-47335500/ 27357073/ 27357075/ 42470152 |
|
Fax No.: |
91-11-42470152/ 47335506 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Arvind Kumar Sharma |
|
Designation : |
Director |
|
Address : |
20-21, Saket Kunj, Plot No.8, Sector -9, Rohini, Delhi – 110085, India
|
|
Date of Birth/Age : |
02.05.1958 |
|
Date of Appointment : |
06.05.1991 |
|
DIN No.: |
00030604 |
|
|
|
|
Name : |
Mr. Anurag Sharma |
|
Designation : |
Director |
|
Address : |
201, Plot No.13/1, Bhagirath Apartment, Sector 9, Rohini, Delhi –
110085, India |
|
Date of Birth/Age : |
09.10.1962 |
|
Date of Appointment : |
06.05.1991 |
|
DIN No.: |
00030675 |
|
|
|
|
Name : |
Mr. Sanjeev Kumar Sharma |
|
Designation : |
Director |
|
Address : |
Hospital Round, C/O Khillan Estate, Nahan, Kalaamb – 173030, Himachal
Pradesh, India |
|
Date of Birth/Age : |
30.06.1969 |
|
Date of Appointment : |
01.06.2008 |
|
DIN No.: |
02180560 |
|
|
|
|
Name : |
Mr. Rajeev Kumar Sharma |
|
Designation : |
Director |
|
Address : |
Plot No.8, 20 Saket Kunj, Sector -9, Rohini, Delhi – 110085, India |
|
Date of Birth/Age : |
30.05.1971 |
|
Date of Appointment : |
01.06.2008 |
|
DIN No.: |
02149373 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Arvind Kumar Sharma |
|
650 |
|
Anurag Sharma |
|
450 |
|
Anju Sharma |
|
550 |
|
Poonam Sharma |
|
500 |
|
Rajeev Kumar Sharma |
|
250 |
|
K K Sharma |
|
250 |
|
Priyanka Sharma |
|
125 |
|
Sanjeev Kumar Sharma |
|
200 |
|
|
|
|
|
Total |
|
2975 |
(AS ON 30.09.2010)
Equity shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of various types of Speciality Chemical FPRs Pulp and
Papers Mills including Coaters. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Punjab National Bank Abhay Khoat-14, Pitampura, New Delhi – 110088, India · Union Bank of India B -5, Model Town, Phase – II, Delhi, India · State Bank of India · Citi Bank · ICICI Bank · Axis Bank |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. N. Verma and Company Chartered Accountants |
|
Address : |
B-8, Model Town – II, Delhi – 110009, India |
|
Tel No.: |
91-11-27218127/ 27435630 |
|
PAN No.: |
AACFS6716K |
CAPITAL STRUCTURE
(AS ON 30.09.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2975 |
Equity Shares |
Rs.100/- each |
Rs.0.298
Million |
|
|
|
|
|
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 |
0.298 |
0.298 |
0.298 |
|
|
2] Share Application Money |
1.103 |
1.103 |
1.103 |
|
|
3] Reserves & Surplus |
284.695 |
253.123 |
221.748 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
286.096 |
254.524 |
223.149 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.544 |
3.473 |
1.792 |
|
|
2] Unsecured Loans |
51.088 |
49.500 |
0.050 |
|
|
TOTAL BORROWING |
52.632 |
52.973 |
1.842 |
|
|
DEFERRED TAX LIABILITIES |
0.203 |
0.257 |
0.243 |
|
|
|
|
|
|
|
|
TOTAL |
338.931 |
307.754 |
225.234 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
17.354 |
17.564 |
14.934 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
219.377 |
189.569 |
99.015 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18.408
|
15.407 |
19.856 |
|
|
Sundry Debtors |
67.351
|
71.191 |
68.387 |
|
|
Cash & Bank Balances |
15.063
|
14.062 |
20.812 |
|
|
Other Current Assets |
0.000
|
0.000 |
7.166 |
|
|
Loans & Advances |
30.098
|
23.956 |
21.297 |
|
Total
Current Assets |
130.920
|
124.616 |
137.518 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor and Other Current Liabilities |
22.963
|
20.015 |
22.135 |
|
|
Provisions |
5.757
|
3.980 |
4.098 |
|
Total
Current Liabilities |
28.720
|
23.995 |
26.233 |
|
|
Net Current Assets |
102.200
|
100.621 |
111.285 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
338.931 |
307.754 |
225.234 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
GROSS OPERATING
REVENUE |
173.253 |
193.003 |
162.262 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
34.875 |
36.158 |
36.379 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.458 |
2.297 |
1.874 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
32.417 |
33.861 |
34.505 |
|
|
|
|
|
|
|
Less |
TAX |
5.757 |
3.810 |
3.910 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
26.660 |
30.051 |
30.595 |
|
|
|
|
|
|
|
Less |
Deferred
Tax Liability (Assets) |
(0.053) |
0.013 |
0.004 |
|
|
|
|
|
|
|
Less |
Previous
year deferred Tax Liability Adjustment (for Change in rates) |
-- |
-- |
(0.010) |
|
|
|
|
|
|
|
Less |
FBT |
-- |
0.170 |
0.188 |
|
|
|
|
|
|
|
Less |
Income
Tax Adj. from Previous Year |
(0.001) |
(0.003) |
(0.017) |
|
|
|
|
|
|
|
Less |
Wealth Tax for
Previous year |
-- |
-- |
0.002 |
|
|
|
|
|
|
|
|
MAT Credit
Available |
4.858 |
1.551 |
2.437 |
|
|
|
|
|
|
|
|
Profit B/F |
31.572 |
31.422 |
188.883 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8961.34 |
-- |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.86
|
23.82 |
22.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.13 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.28
|
0.30 |
0.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.56
|
5.19 |
5.24 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate
identity number of the company |
U74899DL1991PTC044225 |
|
Name of the
company |
ANMOL POLYMERS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1014, Tower T-2,
Pearl Omaxe Tower, Netaji Subhash Place, Pitampura, Delhi – 110034, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Punjab National
Bank Pitampura Branch,
Abhay Khoat -14, Vaishali, Pitampura, New Delhi – 110088, India |
|
Nature of instrument
creating charge |
Letter of
Continuity |
|
Date of
instrument Creating the charge |
07.10.2011 |
|
Amount secured by
the charge |
Rs.25.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and
operation of the charge: 100 percent. Others: The said charge
is mortgage to collaterally secure a Cash Credit (against stocks / book
debts) limit of Rs.25.000 Millions granted by the bank to the company. |
|
Particulars of
the property charged |
Equitable
mortgage by deposit of title deeds in respect of immovable properties of the
company together with all building, superstructure, fixed machinery and
plant, fixture and fittings thereat :- a) Plot No.5,
Phase -I, Industrial Area, Kala Amb (HP) ad-measuring 2489 Square Meters. b) Plot No.5,
Phase -I, Industrial Area, Kala Amb (HP) ad-measuring 389 Square Meters. |
FIXED ASSETS:
· Plant and Machinery
· Maruti Esteem
· Office Equipment
· Typewriter
· Invertors
· Furniture and Fixtures
· Computers
· Flat
· Air Conditioner
· Cycle
· Lab Equipment
· Land
· Scooter
· Mobile Phone
· Fan
· Plot
· Building
· Weighing Machine
· Generator
WEBSITE DETAILS:
PROFILE:
The company is involved in manufacturing of various types of Speciality Chemicals for pulp and paper mills including coaters. The products of the company are very well accepted by the large and medium scale industries through out the Nation as well as abroad. The Company is supplying its products to various Paper Mills, Coating Industries across the Globe. The Company is committed to the quality and adopted all the principals necessary for manufacturing of quality products. Now the unit has been awarded with an ISO 9001-2000 Certificate.
The core strength of the company lies in its well-equipped state-of-the-art
manufacturing process and R and D center. Collaborations and strategic tie-ups
with internationally reputed Speciality chemical manufacturers provide an edge
to the development of new products and up-gradation of technologies.
Maintaining a consistent level of high quality has been the standard for almost
15 years.
Subject customers want nothing less than quality and stability in every
product. To meet the ever-evolving, technological demands of the new century,
they have implemented rigid, sophisticated controls. The progressive management
includes a continual upgrading of all their systems punctuated with safety
inspections, monitored quality checks and consistent traffic follow-ups.
15 Years of engineering expertise
State-of-the-art Research facilities
75,000 Sq. Fts of covered area equipped with the latest machinery
Winner of many prestigious awards for quality and excellence
ISO 9001 Certified
World wide exports
Now the company has more products, which are most suited for this Own era, and
found their way in various applications like.
Specialty Chemicals for:- Paper Industries Pulp mills Water Treatment Plants
The company always keeps pace with the changing scenario and seldom fails in
coming up with outstanding solutions every time. The unerring teamwork, which
goes into the manufacture of every product, has brought in impeccable
recognition for the company as well as its products - Worldwide
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.52.10 |
|
|
1 |
Rs.81.30 |
|
Euro |
1 |
Rs.70.07 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
53 |
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.