|
Report Date : |
20.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
SWASAN CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Rajdeep Bunglow No 8, Sheeield Society A, Lokhandwala Complex, Andheri
(West), Mumbai – 400053, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.07.1987 |
|
|
|
|
Com. Reg. No.: |
11-043989 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.952 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1987PTC043989 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS42998E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS8715K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Suppliers of Thermoplastic Powders, Hot Melt Powders, Coating Powders
Ldpe, Coating Powders Hdpe. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
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 |
|
Maximum Credit Limit : |
USD 270000 |
|
|
|
|
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Sandeep Rajnarain Taparia |
|
Designation : |
Director |
|
Contact No.: |
91-9820190165 |
|
Date : |
17.02.2012 |
LOCATIONS
|
Registered Office : |
Rajdeep Bunglow No 8, Sheeield Society A, Lokhandwala Complex, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9820190165 (Mr. Sandeep Rajnarain Taparia) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Prakash Mansharam Rathi |
|
Designation : |
Director |
|
Address : |
305/6 Belscot Tower, Link Road, Lokhandwala Complex, Andheri West,
Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
24.09.1952 |
|
Date of Appointment : |
06.07.1987 |
|
DIN No.: |
00618860 |
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 |
U65923MH1982PTC027689 |
Mansharam
Investments and Financial Company Private Limited |
Director |
01-07-82 |
01-07-82 |
- |
Active |
NO |
|
2 |
U24100MH1987PTC043989 |
Swasan
Chemicals Private Limited |
Director |
06-07-87 |
06-07-87 |
- |
Active |
NO |
|
3 |
U24110MH1991PTC063731 |
Suresh
Minchem Private Limited |
Director |
23-10-91 |
23-10-91 |
- |
Active |
NO |
|
4 |
U51100MH1995PLC085528 |
Taprath
Hydrocarban Technologies Limited |
Director |
13-02-95 |
13-02-95 |
- |
Active |
NO |
|
5 |
U24117TN1996PTC036521 |
Shri
Swasan Chemicals (Madras) Private Limited |
Director |
10-09-96 |
10-09-96 |
- |
Active |
NO |
|
6 |
U24119MH1997PTC106205 |
S
Chems and Allied Producers Private Limited |
Director |
27-02-97 |
27-02-97 |
- |
Active |
NO |
|
7 |
U24231MH2002PTC136862 |
Abhinav
Healthcare Products Private Limited |
Director |
01-04-04 |
01-04-04 |
- |
Active |
NO |
|
Name : |
Mr. Sandeep Rajnarain Taparia |
|
Designation : |
Director |
|
Address : |
Rajdeep Bunglow, No 8, Sheffield Society A, Lokhandwala Complex,
Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1965 |
|
Date of Appointment : |
26.07.1987 |
|
DIN No.: |
00617522 |
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 |
U24100MH1987PTC043989 |
Swasan
Chemicals Private Limited |
Director |
26-07-87 |
26-07-87 |
- |
Active |
NO |
|
2 |
U24110MH1991PTC063731 |
Suresh
Minchem Private Limited |
Director |
23-10-91 |
23-10-91 |
- |
Active |
NO |
|
3 |
U24117TN1996PTC036521 |
Shri
Swasan Chemicals (Madras) Private Limited |
Director |
10-09-96 |
10-09-96 |
- |
Active |
NO |
|
4 |
U24119MH1997PTC106205 |
S
Chems and Allied Producers Private Limited |
Director |
27-02-97 |
27-02-97 |
- |
Active |
NO |
|
Name : |
Mr. Rajnarain Kishangopal Taparia |
|
Designation : |
Director |
|
Address : |
Rajdeep Bunglow, No 8, Sheffield Society A, Lokhandwala Complex,
Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
26.01.1940 |
|
Date of Appointment : |
25.01.2010 |
|
DIN No.: |
00617495 |
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 |
U24100MH1980PTC022612 |
Suresh
Synth Chem Industries Private Limited |
Director |
12-05-80 |
12-05-80 |
- |
Active |
NO |
|
2 |
U51100MH1995PLC085528 |
Taprath
Hydrocarban Technologies Limited |
Director |
13-02-95 |
13-02-95 |
- |
Active |
NO |
|
3 |
U24119MH1997PTC106205 |
S
Chems and Allied Producers Private Limited |
Director |
27-02-97 |
27-02-97 |
04-03-07 |
Active |
NO |
|
4 |
U92141MH1997PTC110166 |
Tulsi
Sahitya Media Private Limited |
Director |
21-09-98 |
21-09-98 |
- |
Active |
NO |
|
5 |
U24231MH2002PTC136862 |
Abhinav
Healthcare Products Private Limited |
Director |
16-08-02 |
16-08-02 |
- |
Active |
NO |
|
6 |
U24100MH1987PTC043989 |
Swasan
Chemicals Private Limited |
Director |
25-01-10 |
25-01-10 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
Equity Shares
|
Names of Shareholders |
|
No. of Shares |
|
Sandeep R. Taparia |
|
1990 |
|
Suresh M. Rathi |
|
10 |
|
Harish Rathi |
|
8500 |
|
Rajnarian Taparia HUF |
|
8400 |
|
Veenadevi Taparia |
|
8300 |
|
Swati Baheti |
|
1500 |
|
Harish Rathi HUF |
|
4000 |
|
Suresh Rathi HUF |
|
22500 |
|
Rajnarain Taparia |
|
87850 |
|
S. Chems and Allied Producers Private Limited, India |
|
100 |
|
Mansharam Investment and Financial Company Private Limited, India |
|
100 |
|
Suresh Synthchem Industries Private Limited, India |
|
100 |
|
Prakash M. Rathi |
|
13300 |
|
Abhishek Rathi |
|
30000 |
|
Abhinav Rathi |
|
58450 |
|
Stuti Sandeep Taparia |
|
30000 |
|
Shruti Sandeep Taparia |
|
20000 |
|
Chandra S. Rathi |
|
100 |
|
Total |
|
295200 |
10% Redeemable Preference Shares
|
Names of Shareholders |
|
No. of Shares |
|
Rajnarian Taparia HUF |
|
3000 |
|
Prakash M. Rathi |
|
3000 |
|
Suresh M. Rathi |
|
3000 |
|
Chandra Devi Rathi |
|
3000 |
|
Abhinav Rathi |
|
3000 |
|
Sandeep Taparia |
|
3000 |
|
Prakash Rathi HUF |
|
2000 |
|
Total |
|
20000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
0.01 |
|
Directors or relatives of Directors |
99.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Suppliers of Thermoplastic Powders, Hot Melt Powders, Coating Powders
Ldpe, Coating Powders Hdpe. |
|
|
|
|
Products : |
·
LDPE ·
LLDPE ·
HDPE ·
EVA |
GENERAL INFORMATION
|
Suppliers : |
·
Ghanshyam Enterprises ·
Hilltone Packaging ·
Indian Oil Corporation Limited ·
Jayant Scentific Industries ·
Prakash Internationals ·
Royal Uniform Tailors ·
Shakti Agencies ·
Shubh Swasan (India) Private Limited ·
Sonal Packaging ·
Nisha Herbal |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
·
Aryanveda Herbals ·
Alcos International ·
Acme Remedies ·
Ashima Dyecots Limited ·
The Bombay Dyeing and Manufacturing. Company
Limited ·
Cherls Cosmeceuticals Private Limited ·
CSM Engineers ·
Deep Industries ·
Devi Polymers ·
D.S.M. Engineering Plastic (India) Private
Limited ·
Fuse Well Ag Incorporation ·
Goodwear Fashion Private Limited ·
G.G. Enterprises ·
Herbs De Olivia ·
Himalaya Drug Company ·
Hindustan Herbals Cosmetics ·
Hitkari Hitech Fibres Private Limited ·
Jain Irrigation Systems Limited ·
Joy Beauty Care Private Limited ·
K K Interlining |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Oriental Bank of Commerce, Andheri (West) Branch
G/1, G/2 Bharat Apartment, 9 C D Barfiwala Marg, Andheri (West), Mumbai -
400058, Maharashtra, India ·
State Bank of India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. R. Jain and Associates Chartered Accountants |
|
Address : |
11, Galaxy Arcade, Opposite Apsara Store, M. G. Road, Vileparle (East),
Mumbai – 400057, Maharashtra, India |
|
Tel. No.: |
91-22-26135450 |
|
E-Mail : |
|
|
PAN.: |
AACPJ712K |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
Rs.10/- each |
Rs.9.000 Millions |
|
20000 |
Redeemable Preference Shares |
Rs.100/- each |
Rs.2.000 Millions |
|
|
Total |
|
Rs.11.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
295200 |
Equity Shares |
Rs.10/- each |
Rs.2.952
Millions |
|
20000 |
6% Redeemable Preference Shares |
Rs.100/-
each |
Rs.2.000
Millions |
|
315200 |
Total |
|
Rs.4.952 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 |
4.952 |
4.952 |
4.952 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
63.774 |
53.813 |
44.067 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
68.726 |
58.765 |
49.019 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.988 |
2.809 |
2.338 |
|
|
2] Unsecured Loans |
0.500 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
4.488 |
2.809 |
2.338 |
|
|
DEFERRED TAX LIABILITIES |
0.146 |
0.120 |
0.061 |
|
|
|
|
|
|
|
|
TOTAL |
73.360 |
61.694 |
51.418 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
19.105 |
17.189 |
13.070 |
|
|
Capital work-in-progress |
2.941 |
2.583 |
1.926 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.001 |
0.001 |
0.001 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
22.171
|
16.646 |
18.576 |
|
|
Sundry Debtors |
30.219
|
24.144 |
20.514 |
|
|
Cash & Bank Balances |
0.082
|
0.120 |
0.036 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
20.120
|
14.552 |
16.178 |
|
Total
Current Assets |
72.592
|
55.462 |
55.304 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.626
|
7.422 |
13.561 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.710 |
|
|
Provisions |
18.653
|
6.119 |
4.612 |
|
Total
Current Liabilities |
21.279
|
13.541 |
18.883 |
|
|
Net Current Assets |
51.313
|
41.921 |
36.421 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
73.360 |
61.694 |
51.418 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
159.395 |
140.958 |
126.876 |
|
|
|
Export Sales |
0.000 |
0.000 |
2.226 |
|
|
|
Job Work |
0.684 |
3.098 |
0.638 |
|
|
|
Other Income |
0.843 |
0.405 |
0.688 |
|
|
|
TOTAL (A) |
160.922 |
144.461 |
130.428 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
121.808 |
107.193 |
92.571 |
|
|
|
Packing Charges |
0.873 |
1.232 |
1.471 |
|
|
|
Clearing & Forwarding Charges |
0.848 |
0.443 |
0.749 |
|
|
|
Excise Duty on Closing Stock |
0.285 |
0.599 |
0.000 |
|
|
|
Salaries & Wages |
3.019 |
3.537 |
2.223 |
|
|
|
Laboratory Expenses |
0.183 |
0.061 |
0.026 |
|
|
|
Directors' Remuneration |
1.320 |
1.240 |
0.930 |
|
|
|
Transportation & Freight Charges |
1.099 |
0.706 |
0.561 |
|
|
|
Conveyance |
0.185 |
0.141 |
0.098 |
|
|
|
Travelling Expenses |
0.541 |
0.642 |
0.382 |
|
|
|
Bank Interest |
0.000 |
0.000 |
0.321 |
|
|
|
Interest on Car Loan |
0.014 |
0.035 |
0.043 |
|
|
|
Interest on Term Loan |
0.060 |
0.021 |
0.000 |
|
|
|
Interest on Unsecured Loan |
0.024 |
0.000 |
0.000 |
|
|
|
Water Charges |
0.014 |
0.021 |
0.024 |
|
|
|
Rates & Taxes |
0.145 |
0.126 |
0.122 |
|
|
|
Other Govt. Due |
0.002 |
0.000 |
0.000 |
|
|
|
Insurance Charges |
0.145 |
0.089 |
0.066 |
|
|
|
Motor Car Maintenance |
0.466 |
0.556 |
0.362 |
|
|
|
Factory Repairs & Maintenance |
0.855 |
0.595 |
2.155 |
|
|
|
Plant & Machinery Repairs |
0.246 |
0.206 |
0.459 |
|
|
|
Stores & Consumables |
2.228 |
5.705 |
5.941 |
|
|
|
Electricity & Power |
6.405 |
6.032 |
4.041 |
|
|
|
Audit Fees |
0.020 |
0.020 |
0.020 |
|
|
|
Other Expenses |
4.894 |
3.180 |
2.425 |
|
|
|
(Increase)/Decrease in Stock |
(3.055) |
(5.143) |
0.879 |
|
|
|
TOTAL (B) |
142.624 |
127.237 |
115.869 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
18.298 |
17.224 |
14.559 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.179 |
0.173 |
0.257 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
18.119 |
17.051 |
14.302 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
1.964 |
1.410 |
1.456 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
16.155 |
15.641 |
12.846 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.326 |
5.332 |
4.455 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.829 |
10.309 |
8.391 |
|
|
|
|
|
|
|
|
|
Add / (Less) |
Prior-Period Tax
Adjustment |
(0.004) |
0.283 |
0.000 |
|
|
|
|
|
|||