Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
PURE CHEMICALS COMPANY |
Principal Name 1 |
Mr. M Ponnuswami |
|
Status |
Satisfactory |
Principal Name 2 |
-- |
|
|
|
Registration # |
-- |
|
Street Address |
11, Perambur High Road, Chennai-600012, Tamilnadu |
||
|
Established Date |
1981 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Trader |
|
Fax # |
-- |
Business Style 2 |
Distributer |
|
Homepage |
Product Name 1 |
Chemicals |
|
|
# of employees |
450 (Approximately) |
Product Name 2 |
Pharmaceuticals |
|
Paid up capital |
Rs. 197,400,000/- |
Product Name 3 |
Agro Products |
|
Shareholders |
-- |
Banking |
State Bank of
India |
|
Public Limited Corp. |
-- |
Business Period |
31 Years |
|
IPO |
-- |
International Ins. |
- |
|
Public Enterprise |
-- |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister
Concern |
India |
Pon Pure Chemicals (Private) Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,500,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) |
1,150,000,000 |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
25.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
PURE CHEMICALS COMPANY |
|
|
|
|
Formerly Known As : |
PON PURE CHARITIES. |
|
|
|
|
Registered Office : |
11, Perambur High
Road, Chennai-600012, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of Establishment : |
1981 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 197.400 Millions |
|
|
|
|
Legal Form : |
Sole Proprietory
Concern |
|
|
|
|
Line of Business : |
Trader and
Distributer of Chemicals and solvants |
|
|
|
|
No. of Employees : |
450 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The concern 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. P Rajesh |
|
Designation : |
Assistance General Manager in Accounts |
|
Contact No.: |
91-9444376943 |
|
Date : |
24.04.2012 |
LOCATIONS
|
Registered Office : |
11, Perambur High
Road, Chennai-600012, Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9444376943 (Mr. P Rajesh) |
|
Fax No.: |
Nor Available |
|
E-Mail : |
basicchemicals@pure-chemical.com |
|
Website : |
|
|
Area : |
500 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Admin Office : |
No. 32 H Block, 15th Main Road, Anna Nagar,
Chennai – 600040, Tamil Nadu, India |
|
Tel. No.: |
91-44-26161803 to 26161811 (9 Lines) |
|
Fax No.: |
91-44-26161813/ 14 |
|
Area : |
8000 Sq. Ft. |
|
Location : |
Rented |
|
|
|
|
Branch Office 1 : |
23A, Mathulaparambil, Chithrapuzha Road, Irimpanam, Kochin
- 682 309., India |
|
Tel. No.: |
91-484-2780130, 2777235 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2 : |
No.23, Ammaniammal Layout, First Street, Dharapuram Road, |
|
Tel. No.: |
91-421 - 2424256, 2424337 |
|
Fax No.: |
91-421 – 2424319 |
|
E-Mail : |
|
|
|
|
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Branch Office 3 : |
Bhavani Main Road, Veerappanchatram Post, Erode - 638 004,
India |
|
Tel. No.: |
91-424 - 2210677, 2218106 |
|
Fax No.: |
91-424 – 2212720 |
|
E-Mail : |
|
|
|
|
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Branch Office 4 : |
1252, Avinashi Road, Peelamedu, Coimbatore - 641 004,
India |
|
Tel. No.: |
91-422 - 2564005, 2563451 |
|
Fax No.: |
91-422 - 2563451 |
|
E-Mail : |
|
|
|
|
|
Branch Office 5 : |
Sengunthapuram, 5th Cross St, Karur - 639 002,
India |
|
Tel. No.: |
91-4324 - 259374 / 236724 |
|
E-Mail : |
|
|
|
|
|
Branch Office |
Located At ·
Chennai ·
Kanpur ·
Madurai ·
Perndurai ·
Pondicherry ·
Ranipet ·
Ahmedabad ·
Bangalore ·
Chandigarh ·
Delhi ·
Hyderabad ·
Kandla ·
Kolkata ·
Mumbai ·
Nagpur ·
Pune |
|
|
|
|
Overseas
Office : |
Located At ·
Australia ·
Dubai ·
Sri
Lanka ·
Singapore ·
Kenya |
SOLE PROPRIETOR
|
Name : |
Mr. M Ponnuswami |
|
Designation : |
Proprietor |
|
Date of Birth : |
60 Years |
|
Qualification : |
Graduate |
KEY EXECUTIVES
|
Name : |
Mr. P Rajesh |
|
Designation : |
Assistance General Manager in Accounts |
BUSINESS
DETAILS
|
Line of Business : |
Trader and
Distributer of Chemicals and Solvants |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
Chemicals |
|
Countries : |
·
·
East
Africa ·
New
Zeeland ·
Dubai ·
Gulf
Country ·
USA ·
Singapore
|
|
|
|
|
Imports : |
|
|
Products : |
Chemicals |
|
Countries : |
·
Korea ·
Taiwan ·
USA ·
Italy ·
China |
|
|
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit (30-60 Days) |
|
|
|
|
Purchasing : |
L/C |
GENERAL
INFORMATION
|
Suppliers : |
Gujarat Narmada Fertilizers Company |
|
|
|
|
Customers : |
Wholesalers, Retailers and End Users ·
Berger Paints ·
Cipla Limited |
|
|
|
|
No. of Employees : |
450 (Approximately) |
|
|
|
|
Bankers : |
v
State Bank of India, Branch Rajaji Salai,
Chennai, Tamilnadu, India v
Axis Bank, Chennai v
Karnataka Bank, Chennai |
|
|
|
|
Facilities :- |
v State Bank of India Cash Credit and TL Limit Rs. 15.000 Millions v Axis Bank, Cash Credit and TL Limit Rs. 35.000 Millions v Karnataka Bank, Cash Credit and TL Limit Rs. 40.000 Millions |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Raj and Alexander Company Chartered Accountants |
|
Address : |
16 GC Nelson Nest, Ground Floor, |
|
|
|
|
Sister Concern : |
Pon Pure Chemicals (Private) Limited Address : No. 32 H Block, 15th Main Road, Anna Nagar, Chennai – 600040, Tamilnadu, India Line of Business – Trader and Distributer of Chemicals and solvants · Colour Chemicals Dyes Private Limited Address : 11, Perambur High Road, Chennai-600012, Tamilnadu, India Line of Business – Trader and Distributer of Chemicals and solvants · Pon Pure Logistics Private Limited Address : 11, Perambur High Road, Chennai-600012, Tamilnadu, India Line of Business – Trader and Distributer of Chemicals and solvants · Pon Pure Construction Private Limited · Pon Pure Charities · Colour Chemicals |
CAPITAL
STRUCTURE
AS ON 31.03.2012
|
Capital Investment : |
|
|
Owned : |
Rs. 50.000 Millions |
|
Borrowed : |
Rs. 147.400 Millions |
|
Total : |
Rs. 197.400
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
|
1500.000 |
1150.000 |
|
|
|
|
|
Expected Sales (2012-2013) : Rs. 2000.000 Millions.
The above information has been parted by Mr. P Rajesh.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY
FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes/ No) |
|
Year of Establishment |
Yes |
|
Locality of the firm |
Yes |
|
Constitutions of the firm |
Yes |
|
Premises details |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
Yes |
|
Name of person Contacted |
Yes |
|
Designation of contact person |
Yes |
|
Turnover of firm for last year |
Yes |
|
Profitability for last three years |
No |
|
Reasons for Variation <> 20%` |
-- |
|
Estimation for coming financial year |
Yes |
|
Capital in the business |
Yes |
|
Details of sister concern |
Yes |
|
Major Suppliers |
Yes |
|
Major Customers |
Yes |
|
Payment Terms |
Yes |
|
Export/ Import Details (If applicable) |
Yes |
|
Market Information |
-- |
|
Litigations that the firm/ Promoter involved
in |
-- |
|
Banking Details |
Yes |
|
Banking Facility details |
Yes |
|
Conduct of the banking account |
-- |
|
Buyer visit details |
-- |
|
Financials, fi provided |
Yes |
|
Incorporation details, if applicable |
No |
|
Last accounts filed at ROC |
No |
|
Major Shareholders , if available |
No |
Trade
References:
·
Gujarat
Narmada Fertilizers Company
·
Cipla
Limited
·
Berger
Paint
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. 52.79 |
|
|
1 |
Rs. 85.17 |
|
Euro |
1 |
Rs. 69.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.