1. Summary Information
|
|
|
Country |
|
|
Company Name |
NAYAKEM ORGANICS PRIVATE LIMITED |
Principal Name 1 |
Mr. Ganpati Krishna Nayak |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Gurudatt Ganpati Nayak |
|
|
|
Registration # |
11-055886 |
|
Street Address |
242, 2nd Floor, "A" To "Z" Industrial Premises, G.
K. Marg, Lower Parel (West), Mumbai -
400013, Maharashtra, India |
||
|
Established Date |
19.03.1990 |
SIC Code |
-- |
|
Telephone# |
91-22-24936008 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-24936012 |
Business Style 2 |
Trader |
|
Homepage |
-- |
Product Name 1 |
Di-octyl Maleate |
|
# of employees |
Not Available |
Product Name 2 |
Di-Buty Maleate |
|
Paid up capital |
Rs.2,000,000/- |
Product Name 3 |
Di-Butyl Pthlate |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Corporation Bank |
|
Public Limited Corp. |
NO |
Business Period |
22 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
92,230,000 |
Current Liabilities |
65,793,000 |
|
Inventories |
14,717,000 |
Long-term Liabilities |
26,329,000
|
|
Fixed Assets |
16,527,000 |
Other Liabilities |
9,381,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
101,503,000 |
|
Invest& other Assets |
9,476,000 |
Retained Earnings |
29,447,000 |
|
|
0 |
Net Worth |
31,447,000 |
|
Total Assets |
132,950,000 |
Total Liab. & Equity |
132,950,000 |
|
Total Assets (Previous Year) |
93,363,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Total Income |
203,894,000 |
Net Profit |
7,060,000 |
|
Total Income
(Previous yr) |
308,585,000 |
Net Profit(Prev.yr) |
6,416,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
NAYAKEM ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
242, 2nd Floor, "A" To "Z" Industrial Premises, G.
K. Marg, Lower Parel (West), Mumbai -
400013, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.03.1990 |
|
|
|
|
Com. Reg. No.: |
11-055886 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1990PTC055886 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN10174D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACN1530H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Chemicals and Plasticizers. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 130000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well 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 : |
242, 2nd Floor, "A" To "Z" Industrial Premises, G.
K. Marg, Lower Parel (West), Mumbai -
400013, Maharashtra, India |
|
Tel. No.: |
91-22-24936008 / 24936009 / 24936010 |
|
Fax No.: |
91-22-24936012 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Located at |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ganpati Krishna Nayak |
|
Designation : |
Director |
|
Address : |
B-5/9, Deep Laxmi, Hatiskar Marg, Prabhadevi, Mumbai – 400025, |
|
Date of Birth/Age : |
24.01.1931 |
|
Date of Appointment : |
19.03.1990 |
|
DIN No.: |
02514619 |
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 |
U24100MH1990PTC055886 |
Nayakem Organics
Private Limited |
Director |
19-03-90 |
19-03-90 |
- |
Active |
NO |
|
2 |
U65990MH1992PTC068842 |
Gana-Shanti
Investments Private Limiteds |
Director |
30-09-92 |
30-09-92 |
- |
Under Process of
Striking off |
NO |
|
Name : |
Mr. Gurudatt Ganpati Nayak |
|
Designation : |
Managing Director |
|
Address : |
B-5/9, Deep Laxmi, Hatiskar Marg, Prabhadevi, Mumbai – 400025, |
|
Date of Birth/Age : |
01.01.1960 |
|
Date of Appointment : |
01.10.1996 |
|
DIN No.: |
01009476 |
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 |
U65990MH1992PTC068842 |
Gana-Shanti
Investments Private Limited |
Managing director |
30-09-92 |
30-09-92 |
- |
Under Process of
Striking off |
NO |
|
2 |
U24100MH1990PTC055886 |
Nayakem Organics
Private Limited |
Managing
director |
01-10-96 |
01-10-96 |
- |
Active |
NO |
|
Name : |
Mrs. Asha Gurudatta Nayak |
|
Designation : |
Director |
|
Address : |
B-5/9, Deep Laxmi, Hatiskar Marg, Prabhadevi, Mumbai – 400025, |
|
Date of Birth/Age : |
30.01.1964 |
|
Date of Appointment : |
19.03.1990 |
|
DIN No.: |
02514640 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ganapati Krishna Nayak |
|
50000 |
|
Gurudatt Ganapati Nayak |
|
41500 |
|
Shanta Ganapati Nayak |
|
30000 |
|
Asha Gurudatta Nayak |
|
25000 |
|
Kiran Vithoba Nayak |
|
1000 |
|
Pushpa Ganapati Nayak |
|
10000 |
|
Vaishali Ganapati Nayak |
|
10000 |
|
Amita Ganapati Nayak |
|
10000 |
|
G. K. Nayak (HUF) |
|
12500 |
|
G.G. Nayak (HUF) |
|
10000 |
|
Total |
|
200000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Chemicals and Plasticizers. |
|
|
|
|
Products : |
|
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Plasticizers |
M.T. |
N.A. |
N.A. |
2765.72 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Yardi Prabhu and Associates Chartered Accountants |
|
Address : |
3, Samadhan, Agarkar Chowk, Opposite Railway Station, Andheri (East),
Mumbai – 400069, |
|
PAN.: |
AAAFY2464Q |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000
Millions |
|
|
|
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.000 |
2.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
29.447 |
23.831 |
17.571 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
31.447 |
25.831 |
19.571 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
15.217 |
24.207 |
19.869 |
|
|
2] Unsecured Loans |
11.112 |
8.803 |
8.743 |
|
|
TOTAL BORROWING |
26.329 |
33.010 |
28.612 |
|
|
DEFERRED TAX LIABILITIES |
0.483 |
0.447 |
0.455 |
|
|
|
|
|
|
|
|
TOTAL |
58.259 |
59.288 |
48.638 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
16.527 |
14.619 |
13.671 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
9.476 |
10.594 |
1.752 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.717
|
11.425 |
6.811 |
|
|
Sundry Debtors |
74.762
|
49.154 |
48.318 |
|
|
Cash & Bank Balances |
4.987
|
0.315 |
11.564 |
|
|
Other Current Assets |
0.922
|
1.009 |
0.898 |
|
|
Loans & Advances |
11.559
|
16.546 |
10.325 |
|
Total
Current Assets |
106.947
|
78.449 |
77.916 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
65.290
|
31.248 |
34.664 |
|
|
Other Current Liabilities |
0.503
|
0.557 |
0.715 |
|
|
Provisions |
8.898
|
12.569 |
9.322 |
|
Total
Current Liabilities |
74.691
|
44.374 |
44.701 |
|
|
Net Current Assets |
32.256
|
34.075 |
33.215 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
58.259 |
59.288 |
48.638 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
|
203.894 |
308.585 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
186.943 |
291.392 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
16.951 |
17.193 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
3.644 |
3.305 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
13.307 |
13.888 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
2.617 |
3.196 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
10.690 |
10.692 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
3.630 |
4.276 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
7.060 |
6.416 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
0.706 |
0.642 |
|
|
|
Dividend |
|
0.800 |
0.800 |
|
|
BALANCE CARRIED
TO THE B/S |
|
5.554 |
4.974 |
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS |
|
39287.672 |
23138.992 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Imported |
|
23.412 |
11.536 |
|
|
|
Indigenous |
|
239.726 |
151.458 |
|
|
TOTAL IMPORTS |
|
263.138 |
162.994 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
32.07 |
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.46
|
2.08 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.66
|
11.49 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.41 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.21
|
3.00 |
3.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
1.77 |
1.74 |
LOCAL AGENCY FURTHER INFORMATION
Note :
The registered office of the company has been sifted from “221, Madhami
Estate, 542, Senapati Bapat Marg, Dadar, Mumbai – 400028,
Form 8:
|
Corporate identity number of the company |
U24100MH1990PTC055886 |
|
Name of the company |
NAYAKEM ORGANICS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
242, 2nd Floor, "A" To "Z" Industrial Premises, G.
K. Marg, Lower Parel (West), Mumbai -
400013, Maharashtra, India E-mail : yardiprabhu@vsnl.net
|
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of charge holder |
NKGSB Co-Operative Bank Limited, Samved, S. K. Bole Road, Dadar
(West), Mumbai - 400012, Maharashtra, India E-Mail : m.g.kalelkar.associates@gmail.com
|
|
Nature of instrument creating charge |
Composite Hypothecation Agreement |
|
Date of instrument Creating the charge |
16.11.2009 |
|
Amount secured by the charge |
Rs.6.375 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of interest Rate of Interest : @13.50% p.a., or at such other rates as may be
decided by the Bank, from time to time. Terms of repayment Repayment by way of 60 EMIs of Rs.0.033 Million each Margin Margin : 25% Extent and operation of the charge To secure the due repayment of Term Loan (LNM-648) of Rs.6.375
Millions, together with, interest, cost, charges and expenses, etc. thereon,
granted by the Bank to the Company. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Manufacturers- Shree Krishna Fabricators, Invoice No.19KL SS304 Miner,
Quantity -1 costing about Rs.1.197 Millions |
Fixed Assets:
- Factory
Premises
- Plat and
Machinery
- Electrical
Installtion
- Laboratory
Equipments
- Furniture and
Fixtures
- Computers
- Motor Car
- Office
building
- Office Equipments
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.48.96 |
|
|
1 |
Rs.77.46 |
|
Euro |
1 |
Rs.64.40 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.