MIRA
INFORM REPORT
|
Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
ANSHUL LIFE SCIENCES |
|
|
|
|
Formerly Known
As : |
ANSHUL AGENCIES |
|
|
|
|
Registered
Office : |
13, Aradhana Industrial Development Corporation, Virwani Industrial
Estate, Goregaon (East), Mumbai – 400 063, |
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.09.1979 |
|
|
|
|
Com. Reg. No.: |
B-145417 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.200.619 Millions |
|
|
|
|
IEC No.: |
0394051793 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAEFA5660J |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability company |
|
|
|
|
Line of Business
: |
Trader and Importer of Speciality Chemicals. |
|
|
|
|
No. of Employees : |
66 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 640000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a well established partnership concern having fine track
records. Partners are reported to be experienced and respectable businessmen.
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 good for normal 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 |
INFORMATION PARTED BY
|
Name : |
Mr. Nagaraj Kailasam |
|
Designation : |
Chief Executive |
|
Contact No.: |
91-9820019431 |
|
Date : |
18.07.2012 |
LOCATIONS
|
Registered Office : |
13, Aradhana Industrial Development Corporation, Virwani Industrial
Estate, Goregaon (East), Mumbai – 400 063, |
|
Tel. No.: |
91-22-29270879 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500sq.fts |
|
Location : |
Owned |
|
|
|
|
Corporate Office: |
401, Jagdamba House, 4th |
|
Tel. No.: |
91-22-26865566-70 |
|
Mobile No.: |
91-9811993341 (Mr. Ashish Lahoti) 91-9833225339 (Mr. Nitin) 91-9949490997 (Mr. Rammohan) 91-9925009453 (Mr. Kanak) 91-9914016740 (Mr. Amit) |
|
Fax No.: |
91-22-26865576 |
|
E-Mail : |
|
|
Area : |
7000 Sq. ft. |
|
Location : |
Leased |
|
|
|
|
Office/Godown 1/Warehouse 1 : |
Plot. No. 08, H. No.5-9-234/1, Rajiv Gandhi Nagar, Prashanthi Nagar,
Kukatpally, |
|
Tel. No.: |
91-40-23720537 |
|
Fax No.: |
91-40-23720538 |
|
Area : |
3000 Sq. ft. |
|
Location : |
Leased |
|
|
|
|
Office/Godown 2 : |
Also Located at ·
Mr. Ashish Lahoti - ( E-Mail : ashish@anshuIindia.com Operate from Residence |
|
|
|
|
Branch Office : |
Located at ·
·
Karnataka ·
Tamilnadu ·
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Warehouse 2 : |
|
|
Tel. No.: |
91-2522-274388 |
|
Area : |
10500 Sq. ft. |
|
Location : |
Leased |
|
|
|
|
Warehouse 3 : |
Plot No. 7, Ashwamegh Warehouse, B/H Ujjala Hotel, Sarkhej Bavla
Highway, Sarkhej, Ahmedabad – 382 210, Gujarat, India |
|
Tel. No.: |
3000 Sq. ft. |
|
Fax No.: |
Leased |
|
|
|
|
Warehouse 4 : |
Khasra No.16/Il, Ground Floor, AMB CHD Road, Near Choice Hotel,
Zirakhpur, District Mohali, Punjab, India |
|
Area : |
2000 Sq. ft. |
|
Location : |
Leased |
PARTNERS
|
Name : |
Mr. Ashok V Isharani HUF |
|
Designation : |
Partner |
|
Address : |
701, Balaji Krupa, |
|
Date of Birth/Age : |
14.08.1944 |
|
Qualification : |
B. E. Chemicals |
|
|
|
|
Name : |
Mr. Ashwin C Shroff HUF |
|
Designation : |
Partner |
|
Address : |
B-15, The Vasanta Theosophical Society, |
|
Date of Birth/Age : |
22.01.1945 |
|
Qualification : |
B.Sc. |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Partner |
|
Address : |
B-15, The Vasanta Theosophical Society, |
|
Date of Birth/Age : |
05.02.1978 |
|
Qualification : |
B.E. Chem, M.S. (Chemistry) |
|
|
|
|
Name : |
Mr. Hrishi Ashwin Shroff |
|
Designation : |
Partner |
|
Address : |
B-15, The Vasanta Theosophical Society, |
|
Date of Birth/Age : |
21.02.1980 |
|
Qualification : |
Chartered Accountant |
KEY EXECUTIVES
|
Name : |
Mr. Nagarajan Kailasam |
|
Designation : |
Chief Executive |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Speciality Chemicals. |
|
|
|
|
Agencies Held : |
Foreign ·
·
Molkerei Meggle Wasserburg GMBH and Company KG ·
BASF Health and Nutrition, Functional Products ·
DMS Nutritional Products ·
Mingtai Chemical Company Limited, ·
National Starch Pte. Limited ·
Carbotech AC GMBH ·
Cafosa Gum S.A.U. ·
Stabifix Brauerei-Technik KG ·
Eaton Industries Pte. Limited ·
Indian ·
Transpek Industry Limited ·
Momentive Performance Materials ( |
|
|
|
|
Imports : |
|
|
Products : |
Chemicals |
|
Countries : |
·
·
·
·
·
·
·
·
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
66 (Approximately) |
|
|
|
|
Bankers : |
The Saraswat Co-Operative Bank Limited, SME, Vileparle Branch,
Bholanath Co-Operative Housing Society Limited, |
|
|
|
|
Facilities : |
Rs.150.000 millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Diwan Gosalia and Associates Chartered Accountants |
|
Address : |
5, Om Plaza, 1st Floor, V. L. Road, Kandivali (West), Mumbai
– 400 067, |
|
Tel. No.: |
91-22-28014932 |
|
Fax No.: |
91-22-28017292 |
|
E-Mail : |
|
|
|
|
|
Sister Concern : |
Anshul Speciality Molecules Limited Address : 13, Aradhana Industrial Development Corporation, Near
Virwani Industrial Estate, Goregaon (East), Mumbai – 400 063, Line of Business : Chemicals Manufacturing |
CAPITAL STRUCTURE
As on 31.03.2012
Partners Fixed Capital
(Rs.
in Millions)
|
Ashok V Isharani (HUF) |
0.050 |
|
Ashwin C Shroff (HUF) |
0.040 |
|
|
0.005 |
|
Hrishit A Shroff |
0.005 |
|
Total |
0.100 |
Partners Current
Capital
(Rs.
in Millions)
|
Ashok V Isharani (HUF) |
144.935 |
|
Ashwin C Shroff (HUF) |
35.619 |
|
|
3.201 |
|
Hrishit A Shroff |
16.764 |
|
Total |
200.519 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
850.000 |
|
|
|
|
|
Expected Sales (2012-2013) : Rs.900.000 Millions
The above information has been parted by Mr. Nagaraj Kailasam (Chief
Executive)
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
200.619 |
159.718 |
230.700 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
200.619 |
159.718 |
230.700 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
122.655 |
109.669 |
65.300 |
|
|
2] Unsecured Loans |
88.015 |
76.075 |
52.900 |
|
|
TOTAL BORROWING |
210.670 |
185.744 |
118.200 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
411.289 |
345.462 |
348.900 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.341 |
12.234 |
15.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.026 |
0.026 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
139.624
|
138.734 |
130.800 |
|
|
Sundry Debtors |
309.157
|
244.351 |
239.900 |
|
|
Cash & Bank Balances |
10.344
|
8.004 |
4.600 |
|
|
Other Current Assets |
36.057
|
57.590 |
3.500 |
|
|
Loans & Advances |
13.228
|
5.455 |
76.900 |
|
Total
Current Assets |
508.410
|
454.134 |
455.700 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
87.003
|
101.748 |
|
|
|
Other Current Liabilities |
21.485
|
19.184 |
|
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
108.488
|
120.932 |
121.800 |
|
|
Net Current Assets |
399.922
|
333.202 |
333.900 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
411.289 |
345.462 |
348.900 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
1026.647 |
837.234 |
835.988 |
|
|
|
Other Income |
14.103 |
36.617 |
32.342 |
|
|
|
TOTAL |
1040.750 |
873.851 |
868.330 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods Sold |
825.875 |
686.662 |
679.220 |
|
|
|
Salaries and other Expenses |
43.311 |
33.714 |
29.367 |
|
|
|
Rent, Rates and Taxes |
10.268 |
7.332 |
6.732 |
|
|
|
Traveling Expenses |
8.236 |
5.685 |
3.882 |
|
|
|
Bank Charges |
1.319 |
2.019 |
1.769 |
|
|
|
Conveyance Expenses |
2.419 |
2.008 |
1.876 |
|
|
|
Legal and Professional Charge |
7.489 |
5.464 |
2.831 |
|
|
|
Exhibition Expenses |
3.790 |
2.221 |
1.503 |
|
|
|
Commission Paid |
9.238 |
9.390 |
5.494 |
|
|
|
Interest to Partners |
18.918 |
19.858 |
19.423 |
|
|
|
Staff Welfare Expenses |
2.431 |
1.196 |
0.807 |
|
|
|
Other Expenditure |
59.277 |
39.716 |
36.516 |
|
|
|
TOTAL |
992.571 |
815.265 |
789.42 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
48.179 |
58.586 |
78.910 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.595 |
5.381 |
2.026 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
44.584 |
53.205 |
76.884 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
694.600 |
697.900 |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.28
|
6.09 |
8.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.34
|
6.35 |
9.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.58
|
11.41 |
16.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.33 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.62
|
1.92 |
1.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.69
|
3.76 |
3.74 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
|
|
1. |
Year of Establishment |
YES |
|
2. |
Locality of the firm |
YES |
|
3. |
Constitutions of the firm |
YES |
|
4. |
Premises details |
YES |
|
5. |
Type of Business |
YES |
|
6. |
Line of Business |
YES |
|
7. |
Promoter’s background |
YES |
|
8. |
No. of employees |
YES |
|
9. |
Name of person contacted |
YES |
|
10. |
Designation of contact person |
YES |
|
11. |
Turnover of firm for last three years |
YES |
|
12. |
Profitability for last three years |
YES |
|
13. |
Reasons for variations <> 20% |
-- |
|
14. |
Estimation for coming financial year |
YES |
|
15. |
Capital in the business |
YES |
|
16. |
Details of sister concerns |
YES |
|
17. |
Major Suppliers |
NO |
|
18. |
Major Customers |
NO |
|
19. |
Payment terms |
YES |
|
20. |
Export / Import details (is applicable) |
YES |
|
21. |
Market information |
-- |
|
22. |
Litigation that the firm / promoter involved
in |
-- |
|
23. |
Banking Details |
YES |
|
24. |
Banking facility details |
YES |
|
25. |
Conduct of the banking account |
-- |
|
26. |
Buyer visit details |
-- |
|
27. |
Financials, if provided |
YES |
|
28. |
Incorporation details, if applicable |
-- |
|
29. |
Last accounts filed at ROC |
-- |
|
30. |
Major Shareholders, is available |
-- |
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.56.01 |
|
|
1 |
Rs.86.90 |
|
Euro |
1 |
Rs.67.84 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
53 |
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.