MIRA
INFORM REPORT
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Report Date : |
18.10.2011 |
IDENTIFICATION DETAILS
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Name : |
CALTRON CLAYS AND CHEMICALS PRIVATE LIMITED |
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Registered Office : |
D – 5/5, Jalnidhi Bangur Nagar, Goregaon (West), Mumbai-400090,
Maharashtra |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
15.05.2000 |
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Com. Reg. No.: |
11-126516 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company
Identification No.] |
U24110MH2000PTC126516 |
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IEC No.: |
0307031730 |
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PAN No.: [Permanent
Account No.] |
AABCC6468N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Oyster Shell Calcium Carbonate, PPT
Silica Talcum Powder, Kaolin, Calcium Carbonate, Chemicals, Activated Carbon,
Silica etc. |
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No. of Employees : |
Approximately 10 (3 in Office, 2 in Branches and 5 in Factory ) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 1900 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealing with some caution. |
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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Sanskar Jain |
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Designation : |
Chief Executive Officer |
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Contact No.: |
91-22-28764864 |
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Date : |
17.10.2011 |
LOCATIONS
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Registered Office : |
D – 5/5, Jalnidhi Bangur Nagar, Goregaon (West), Mumbai-400090,
Maharashtra, India |
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Tel. No.: |
91-22-67254891/ 28764865/ 26105744 |
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Fax No.: |
91-22-28713095 |
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E-Mail : |
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Website : |
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Area : |
275 sq. ft. |
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Location : |
Owned |
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Head Office : |
B-37, Ashoka Super Market, In of S.V. Road and Aarey Road, Goregaon
(West), Mumbai-400062, Maharashtra, India |
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Tel. No.: |
91-22-28764864/ 67254891/ 64133782 |
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Fax No.: |
91-22-28713095 |
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Email : |
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Area : |
270 Sq.fts |
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Location : |
Owned |
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Warehouse
: |
Sohil Warehousing Godown No. Caltron Special, Anjor Phata |
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Area : |
1000 Sq.fts |
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Location : |
Rented |
DIRECTORS
As on 29.09.2010
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Name : |
Mr. Shitalnath K Jain |
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Designation : |
Director |
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Address : |
D – 5/5, Jalnidhi Bangur Nagar, Goregaon (West), Mumbai-400090,
Maharashtra, India |
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Date of Birth/Age : |
21.01.1962 |
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Qualification : |
BSC Graduate |
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Date of Appointment : |
15.05.2000 |
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DIN No.: |
02625737 |
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Name : |
Mrs. Sangita S. Jain |
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Designation : |
Director |
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Address : |
D – 5/5, Jalnidhi Bangur Nagar, Goregaon (West), Mumbai-400090,
Maharashtra, India |
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Date of Birth/Age : |
08.07.1964 |
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Qualification : |
BSC Graduate |
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Date of Appointment : |
15.05.2000 |
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DIN No.: |
02625748 |
KEY EXECUTIVES
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Name : |
Mr. Sanskar Jain |
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Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
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Names of Shareholders |
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No. of Shares |
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Shitalnath K Jain |
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5000 |
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Sangita S. Jain |
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5000 |
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Total |
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10000 |
Equity Share Breakup (Percentage of Total Equity)
(As on 30.09.2010)
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Category |
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Percentage
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Directors or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Oyster Shell Calcium Carbonate, PPT
Silica Talcum Powder, Kaolin, Calcium Carbonate, Chemicals, Activated Carbon,
Silica etc. |
GENERAL INFORMATION
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No. of Employees : |
Approximately 10 (3 in Office, 2 in Branches and 5 in Factory ) |
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Bankers : |
·
Citi Bank, Branch Shopperstop Andheri (West),
Maharashtra, India ·
Indian Bank, Goregaon Branch, S.V. Road, Aarey Road
Junction, Goregaon-West, Mumbai-400062, Maharashtra, India |
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Facilities: |
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Banking
Relations : |
---- |
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Auditors : |
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Name : |
Rohit Agarwal and Company Chartered Accountant |
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Address : |
602, Shaniya Enclave, V P Road, Vile Parle West, Mumbai-400056,
Maharashtra, India |
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PAN No.: |
ADIPA2886M |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.385 |
0.286 |
0.147 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.485 |
0.386 |
0.247 |
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LOAN FUNDS |
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1] Secured Loans |
1.268 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.188 |
0.573 |
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TOTAL BORROWING |
1.268 |
0.188 |
0.573 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1.753 |
0.574 |
0.820 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.557 |
0.062 |
0.085 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.010 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.007 |
0.005 |
0.003 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.573
|
0.423 |
0.253 |
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Sundry Debtors |
0.891
|
1.576 |
1.149 |
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Cash & Bank Balances |
0.382
|
0.468 |
0.486 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
0.032
|
0.008 |
0.008 |
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Total
Current Assets |
1.878
|
2.475 |
1.896 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
1.382
|
1.555 |
1.136 |
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Other Current Liabilities |
0.002 |
0.000 |
0.000 |
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Provisions |
0.315
|
0.413 |
0.028 |
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Total
Current Liabilities |
1.699
|
1.968 |
1.164 |
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Net Current Assets |
0.179
|
0.507 |
0.732 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1.753 |
0.574 |
0.820 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income from Operations |
4.380 |
5.740 |
3.215 |
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Other Income |
0.000 |
0.000 |
0.033 |
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TOTAL (A) |
4.380 |
5.740 |
3.248 |
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Less |
EXPENSES |
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Cost of Materials |
1.888 |
3.992 |
1.482 |
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Personnel Expenses |
0.965 |
0.635 |
0.541 |
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Selling and Administrative Expenses |
1.446 |
1.034 |
1.210 |
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Accretion/ Decretion in stock of Finished Goods |
[0.150] |
[0.170] |
[0.065] |
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TOTAL (B) |
4.149 |
5.491 |
3.168 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.231 |
0.249 |
0.080 |
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Less |
FINANCIAL
EXPENSES (D) |
0.068 |
0.005 |
0.000 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.163 |
0.244 |
0.080 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.020 |
0.023 |
0.036 |
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PROFIT BEFORE
TAX (E-F) (G) |
0.143 |
0.221 |
0.044 |
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Less |
TAX (I) |
0.044 |
0.081 |
0.026 |
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PROFIT AFTER TAX
(G-I) (J) |
0.099 |
0.140 |
0.018 |
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Less |
APPROPRIATIONS |
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Transfer to General Reserve |
0.099 |
0.140 |
0.018 |
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BALANCE CARRIED
TO THE B/S |
0.000 |
0.000 |
0.000 |
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Earnings Per
Share (Rs.) |
9.90 |
-- |
-- |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
2.26
|
2.44 |
0.55 |
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Net Profit Margin (PBT/Sales) |
(%) |
3.26
|
3.85 |
1.37 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
4.16
|
8.71 |
2.22 |
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Return on Investment (ROI) (PBT/Networth) |
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0.29
|
0.57 |
0.18 |
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Debt Equity Ratio (Total Liability/Networth) |
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6.12
|
5.59 |
7.03 |
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Current Ratio (Current Asset/Current Liability) |
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1.11
|
1.26 |
1.63 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
During the year the company has earned a profit of Rs. 0.099 Million post
tax as compared to the profit of Rs. 0.139 Million earned during the previous
year.
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U24110MH2000PTC126516 |
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Name of the
company |
CALTRON CLAYS AND CHEMICALS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
D – 5/6, Jalnidhi Bangur Nagar, Goregaon (West), Mumbai-400090,
Maharashtra, India |
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Type of charge |
Book Debts Movable Property Immovable
Property Others |
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Particular of
charge holder |
Indian Bank, Goregaon Branch, S.V. Road, Aarey Road Junction,
Goregaon-West, Mumbai-400062, Maharashtra, India |
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Nature of
description of the instrument creating or modifying the charge |
1. Agreement for
open cash credit (Stocks/ Book Debts) 2. Letter of
Acknowledgement to be signed by third party (other borrower) who has deposited
the title deeds. (All the
agreement constitute a single charge) |
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Date of
instrument Creating the charge |
17.04.2009 |
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Amount secured by
the charge |
Rs. 1.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As stipulated by
bank from time to time. Terms of
Repayment As stipulated by
bank from time to time. Margin 25% Margin Stocks
and book debt and/ or as stipulated by bank from time to time. Extent and
Operation of the charge First Charge
(Present and future) = OCC= Trade Finance = Rs. 1.000 Millions. Others As stipulated by
bank from time to time |
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Short particulars
of the property charged |
First Charge
(Present and future) 1)
Hypothecation
of all stocks / goods/ investments and book debts and receivables and current
and movable assets of the company 2)
EMG
of No. 37 and 18, B Wing, Ashoka Super Market CHS, S.V. Road, Goregaon (West)
Mumbai-400062 |
Fixed Assets:
·
Airconditioner
·
Bag Closure Machine
·
Computers
·
GIDC Plot at Jhagadia
·
Fax Machine
·
Printer
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 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.48.89 |
|
|
1 |
Rs.77.31 |
|
Euro |
1 |
Rs.67.79 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
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|
--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
---- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
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--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 |
|
27 |
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.