MIRA
INFORM REPORT
|
Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
REAL CHEMSYS PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
5531, Shop No.10, Bastiharphool Singh, Sadar Thana Road, Delhi-110006 |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
07.02.2007 |
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Com. Reg. No.: |
55-158966 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.400 Million |
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CIN No.: [Company Identification
No.] |
U51101DL2007PTC158966 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Deal in various types of Adsorbents. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (44) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 15000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct. 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) |
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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 |
LOCATIONS
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Registered Office : |
5531, Shop No.10, Bastiharphool Singh, Sadar Thana Road, Delhi-110006,
India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Administrative Office : |
105-A, Dharampura, Main G. T. Road, Ghaziabad-201001, Uttar Pradesh,
India |
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Tel. No.: |
91-120-4212000 / 4216880 / 86 |
DIRECTORS
AS ON 30.09.2011
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Name : |
Mr. Avinash Chandra Gupta |
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Designation : |
Director |
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Address : |
R-10/116, Raj Nagar, Gaziabad-201002, Uttar Pradesh, India |
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Date of Birth/Age : |
02.01.1945 |
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Date of Appointment : |
17.02.2007 |
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DIN No.: |
01125793 |
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Name : |
Mr. Anish Gupta |
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Designation : |
Director |
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Address : |
R-10/116, Raj Nagar, Gaziabad-201002, Uttar Pradesh, India |
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Date of Birth/Age : |
31.12.1971 |
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Date of Appointment : |
17.02.2007 |
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DIN No.: |
01124087 |
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Name : |
Mr. Ramnish Gupta |
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Designation : |
Director |
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Address : |
R-10/116, Raj Nagar, Gaziabad-201002, Uttar Pradesh, India |
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Date of Birth/Age : |
07.03.1977 |
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Date of Appointment : |
17.02.2007 |
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DIN No.: |
01126160 |
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Name : |
Mr. Vinish Gupta |
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Designation : |
Director |
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Address : |
R-10/116, Raj Nagar, Gaziabad-201002, Uttar Pradesh, India |
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Date of Birth/Age : |
27.10.1979 |
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Date of Appointment : |
17.02.2007 |
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DIN No.: |
01253369 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
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Names of Shareholders |
No. of Shares |
|
Avinash Chandra Gupta |
10000 |
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Anish Gupta |
10000 |
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Vinish Gupta |
10000 |
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Ramnish Gupta |
10000 |
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Total |
40000 |
AS ON 30.09.2011
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Equity Shares
Break Up |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Deal in various types of Adsorbents. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
Small Industries Development Bank of India, C-60,
Sector-2, Noida-201301, Uttar Pradesh, India
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Vpgs and Company Chartered Accountant |
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Address : |
3208, 2nd Floor, Mahindra Park, New Delhi-110034, India |
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Pan No.: |
AAGFA7795J |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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40000 |
Equity Shares |
Rs.10/- each |
Rs. 0.400 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.400 |
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 |
3.586 |
1.327 |
0.801 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3.986 |
1.427 |
0.901 |
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LOAN FUNDS |
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1] Secured Loans |
2.200 |
0.000 |
0.000 |
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2] Unsecured Loans |
1.297 |
3.768 |
2.485 |
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TOTAL BORROWING |
3.497 |
3.768 |
2.485 |
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DEFERRED TAX LIABILITIES |
0.084 |
0.042 |
0.014 |
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TOTAL |
7.567 |
5.237 |
3.400 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
5.739 |
2.738 |
1.472 |
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Capital work-in-progress |
1.014 |
0.428 |
0.310 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4.396
|
0.919 |
0.309 |
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Sundry Debtors |
2.685
|
3.086 |
4.010 |
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Cash & Bank Balances |
0.074
|
1.059 |
0.077 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
1.387
|
0.634 |
0.221 |
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Total
Current Assets |
8.542
|
5.698 |
4.617 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
4.203
|
0.867 |
0.817 |
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Other Current Liabilities |
3.218
|
2.519 |
1.897 |
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Provisions |
0.307
|
0.241 |
0.285 |
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Total
Current Liabilities |
7.728
|
3.627 |
2.999 |
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Net Current Assets |
0.814
|
2.071 |
1.618 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
7.567 |
5.237 |
3.400 |
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PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
|
11.123 |
9.043 |
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Other Income |
|
0.980 |
0.005 |
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TOTAL |
23.593 |
12.103 |
9.048 |
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Less |
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Cost of Goods Sold |
21.801 |
5.630 |
5.009 |
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Consumable Stores |
|
0.016 |
0.010 |
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Audit Expenses |
|
0.013 |
0.013 |
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Salaries |
|
1.490 |
0.564 |
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Director’s Salaries |
|
0.954 |
0.895 |
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Travelling / Conveyance Expenses |
|
0.053 |
0.001 |
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Administrative Expenses |
|
2.771 |
1.497 |
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TOTAL |
21.801 |
10.927 |
7.989 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.792 |
1.176 |
1.059 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.684 |
0.381 |
0.111 |
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PROFIT BEFORE
TAX |
1.108 |
0.795 |
0.948 |
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Less |
TAX |
0.349 |
0.269 |
0.290 |
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PROFIT AFTER TAX
|
0.759 |
0.526 |
0.658 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
0.800 |
0.142 |
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BALANCE CARRIED
TO THE B/S |
NA |
1.326 |
0.800 |
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Earnings Per
Share (Rs.) |
19.00 |
133.00 |
80.00 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.22
|
4.35 |
7.27 |
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Net Profit Margin (PBT/Sales) |
(%) |
NA
|
7.15 |
10.48 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
7.76
|
9.42 |
15.57 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.56 |
1.05 |
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Debt Equity Ratio (Total Liability/Networth) |
|
2.84
|
5.21 |
6.10 |
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Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.57 |
1.54 |
LOCAL AGENCY FURTHER INFORMATION
SHARE CAPITAL
The authorized capital
of the company is Rs. 1.000 Million only. During the year the paid up capital
of the company increased to Rs. 0.400 Million from Rs. 0.100 Million .
FORM 8
|
Corporate
identity number of the company |
U51101DL2007PTC158966 |
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Name of the company
|
REAL CHEMSYS
PRODUCTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
5531, Shop No.10, Bastiharphool Singh, Sadar Thana Road, Delhi-110006, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
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Particular of
charge holder |
Small Industries Development Bank of India, C-60, Sector-2, Noida-201301, Uttar Pradesh, India |
|
Nature of
instrument creating charge |
Deed of
hypothecation dated 30th march 2011,
for term loan of Rs. 1.500 Millions and working capital term loan of
Rs. 1.000 Millions |
|
Date of
instrument Creating the charge |
30.03.2011 |
|
Amount secured by
the charge |
Rs. 2.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Rate of interest
for TL is 0.75% above SIDBI PLR with monthly rest and effective ROI is
11.75%. The current SIDBI PLR is 11.0%. Terms of repayment The loan shall be
repaid in 35 monthly installments of Rs. 0.069 million and 36th installment
of Rs. 0.071 million, after moratorium period of 02 months from the date of
first disbursement of the loan. Margin 33.33% Extent and operation of the charge 1 First charge by
way of hypothecation of all the tangible movable assets, Plant and Machinery
of the borrower together with spares, tools and accessories and other
movables acquired/ to be acquired under the project situated at Khasra No.
978, Opp. Railway crossing Bisrakh Road, Chharoula, GB Nagar, Ghaziabad (UP) 2 First charge by
way of hypothecation in favour of SIDBI of whole of the current assets of the
borrower, both present and future book debts etc Other First charge by
way of hypothecation, in favour of SIDBI, of all the movable assets including
plant and machinery, equipment, machinery spares, tools and accessories,
office equipment, computers, furniture and fixtures, misc. fixed assets etc.
situated at Khasra no. 978, Opp. Railway crossing Bisrakh road, Chharoula, GB
Nagar, Ghaziabad (UP) |
|
Short particulars
of the property charged (Including location of the property) |
First charge by
way of hypothecation of whole of the current assets, of the borrower, both
present and future and including but not limiting to, all stocks of raw
materials, WIP, finished goods etc. First charge by
way of hypothecation of all the present and future book-debts and other
actionable claims arising out of genuine trade transactions; First charge by
way of hypothecation of all the tangible movable assets, Plant and Machinery
together with spares, tools and accessories and other movables acquired/ to
be acquired under the project; First charge by
way of hypothecation, in favour of SIDBI, of all the movable assets including
plant and machinery, equipment, machinery spares, tools and accessories,
office equipment, computers, etc situated at Khasra No. 978, Opposite Railway
Crossing Bisrakh Road, Chharoula, GB Nagar, Ghaziabad (UP) |
FIXED ASSETS
·
Air Heater and
Conditioner
·
Computer
·
Installation and Fitting
·
Machinery
·
Mobile Set
·
Furniture and Fittings
·
Books and Periodicals
·
Electrical Equipment
·
Vehicles
WEB SITE DETAILS
PROFILE
They are specialty Chemicals Manufacturers in
India. They are specialized in Reagents, Organic Intermediates, High Purity
Solvents, Dried Reagents, and Biochemical's. They are presently serving a big
and reputated range of customers. They intend to make an earnest effort
towards.
- Laboratory Chemicals
- Organic Intermediates
- Inorganic Compounds
- Separating Materials
- Analytical Reagents
- Biochemical
- Stains and Indicators
- Glassware and Lab wares
- Dried/Anhydrous Solvents
- Specialty Chemicals, etc
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. 50.32 |
|
|
1 |
Rs. 77.96 |
|
Euro |
1 |
Rs. 65.30 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.