MIRA
INFORM REPORT
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Report Date : |
04.08.2011 |
IDENTIFICATION DETAILS
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Name : |
DORF KETAL SPECIALITY CATALYST PRIVATE LIMITED |
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Registered
Office : |
1, Dorf Ketal Tower, D’ |
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Country : |
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Date of
Incorporation : |
01.01.2010 |
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Com. Reg. No.: |
11-198273 |
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Capital
Investment / Paid-up Capital : |
Rs.26.000
millions |
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CIN No.: [Company Identification
No.] |
U24233MH2010PTC198273 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD17731A |
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PAN No.: [Permanent Account No.] |
AADCD3088K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Speciality Chemicals. |
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No. of Employees
: |
Approximately 75 (In Office) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 : |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company establishing itself gradually. The company
expects sizable turnover in its very first year of operation. Trade relations
are reported as fair. Business is active. Payment terms are unknown. The company can be considered for business dealings with some caution.
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
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Name : |
Mr. Ashok Rao |
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Designation : |
DGM Finance |
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Contact No.: |
91-9004693071 |
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Date : |
04.08.2011 |
LOCATIONS
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Registered Office : |
1, Dorf Ketal Tower, D’ |
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Tel. No.: |
91-22-28880420 |
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Mobile No.: |
91-9004693071 (Mr. Ashok Rao) |
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Fax No.: |
91-22-28813655 |
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E-Mail : |
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Website : |
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Area : |
107500 sq ft |
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Location : |
Owned |
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Factory : |
Plot Survey No.141, Near Water Treatment Plant of MPSEZ, Mundra-Kutch
– 370 421, |
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Area : |
75000 sq m (Approximately) |
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Location : |
Owned |
DIRECTORS
As on
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Name : |
Mr. Subodh Vijayraghava Menon |
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Designation : |
Director |
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Address : |
401, Swapna Lok, |
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Date of Birth/Age : |
08.08.1971 |
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Qualification : |
B.Sc. |
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DIN No.: |
00972842 |
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Name : |
Mr. Sudhir Vijayaraghav Menon |
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Designation : |
Director |
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Address : |
5/501, Swapna Lok, |
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Date of Birth/Age : |
27.06.1963 |
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Qualification : |
Chemical Engineer, LLB, MBA |
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DIN No.: |
02487658 |
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Name : |
Mr. Naresh Prakashchand Aggarwal |
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Designation : |
Additional Director |
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Address : |
Plot No.20, Rajkamal Apartment, |
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Date of Birth/Age : |
28.03.1951 |
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Date of Appointment : |
12.08.2010 |
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DIN No.: |
00940482 |
KEY EXECUTIVES
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Name : |
Mr. Ashok Rao |
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Designation : |
DGM Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Sudhir Menon |
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2500 |
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Dorf Ketal Chemicals India Private Limited Through Its Representative
Mr. Sudhir Menon |
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2595000 |
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Subodh V. Menon |
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2500 |
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Total
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2600000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Speciality Chemicals. |
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Brand Names : |
“ORGANIC TITANATES” |
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Exports : |
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Products : |
Speciality Chemicals |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
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Customers : |
Corproates |
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No. of Employees : |
Approximately 75 (In Office) |
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Bankers : |
v
State Bank of v
Axis Bank, Andheri (West) v
State Bank of |
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Facilities : |
Total Facility enjoyed = Rs.800.000 millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S.S. Gajja and Company Chartered Accountants |
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Address : |
Andheri (East), Mumbai – 400 069, |
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Tel. No.: |
91-22-26833093 |
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Fax No.: |
91-22-26834094 |
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Associates/Subsidiaries : |
Dorf Ketal
Chemicals ( Address: Line of Business: Manufacturer of Speciality Chemicals. Tel. No.: 91-22-28880420/ 421/ 422/ 423 Fax No.: 91-22-28813655 E-Mail: queries.india@dorfketal.com Dorf Ketal
Chemicals LLC 3727, Greenbriar, Tel. No.: 281 491 3700 Fax No.: 281 491 3733 E-Mail: queries.northamerica@dorfketal.com Dorf Ketal Avenida das Indústrias 1345, Tel. No.: +55 51 3061 2211 Fax No.: +55-51 3019 0890 E-Mail: queries.brazil@dorfketal.com India Dorf Ketal Chemicals Private Limited Pudong District, Shanghai-200122, Tel. No.: +86 1560 225 5419 E-Mail: queries.china@dorfketal.com Dorf Ketal Chemicals Pte. Limited 25 International Business Park, #03-72 German H/P: +65 8268 1435 Tel. No.: +65 6562 8255 Fax No.: +65 6562 8253 E-Mail: queries.singapore@dorfketal.com Dorf Ketal B.V. De Ring, Weegschaalstraat 3, 5632 CW, Tel. No.: +31-40.290.13.85 E-Mail: queries.europe@dorfketal.com Dorf Ketal
Chemicals ( Tel. No.: +97 33 678 0547 E-Mail: queries.bahrain@dorfketal.com |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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2600000 |
Equity Shares |
Rs.10/- each |
Rs.26.000
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
Company started business from 1st April, 2011.
Expected Sales (2011-2012): Rs.1750.000 millions
The above information has been parted by Mr. Ashok Rao (DGM Finance).
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
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Corporate
identity number of the company |
U24233MH2010PTC198273 |
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Name of the
company |
DORF KETAL SPECIALITY CATALYST PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
1, Dorf Ketal Tower, D’ E-Mail: vaspuja21@yahoo.in |
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This form is for |
Modification of
charge |
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Charge
identification number of the modified |
10259850 |
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Type of charge |
Immovable
Property |
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Particular of
charge holder |
State Bank of E-Mail: obumumbai@sbi.co.in |
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Nature of
description of the instrument creating or modifying the charge |
Memorandum of
deposit for creation of charge term loan/overall limit. |
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Date of
instrument Creating the charge |
18.03.2011 |
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Amount secured by
the charge |
Rs.246.700
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
Facility-Pricing,
Foreign Currency TL (USD)-6 M LIBOR*+400bps (All in pricing), Margin-6 M
LIBOR+357 bps. Terms of
Repayment: The FC Term Loan
of USD 5.5 Million will be repaid 5-1/2 years (including 18 months moratorium)
in 16 quarterly installments commencing from December Margin: Term Loan - 33% Extent and
Operation of the charge: Security to cover
principal amount together with interest, costs, charges and expenses etc. Others: Foreign Currency
Term Loan- USD 5.50Million (Eq to approx Rs.246.700 millions). All other terms
and conditions as per sanctioned letter loan agreement. |
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Short particulars
of the property charged |
Survey No. 141,
Paiki of |
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Particulars of
the present modification |
The Borrowers by
way of Registered mortgage Immovable properties description at Survey No.
141, Paiki of Mouje Village, Taluka Mundra, Mundra Port and SEZ, District Kutch,
Gujarat 370421 has provided further security to secure the Loan Facility of
Foreign Currency Term Loan- USD 5.50 Million (Eq to approx Rs.246.700
millions) |
TRADE REFERENCES:
v
v
Univar Inc.,
v
Sabic Innovative
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
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|
1 |
Rs.72.20 |
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Euro |
1 |
Rs.62.87 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.