|
Report Date : |
24.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
DKSH INDIA PRIVATE LIMITED (w.e.f. 14.12.2004) |
|
|
|
|
Formerly Known
As : |
SIBER HEGNER INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1001 and 1002, Alpha, 10th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2010 |
|
|
|
|
Date of
Incorporation : |
17.04.1996 |
|
|
|
|
Com. Reg. No.: |
11-098917 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.48.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1996PTC098917 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD12493F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS9103M |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Trader and Exporter of Chemicals and Pharmaceutical Products. |
|
|
|
|
No. of Employees
: |
62 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1341000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
1001 and 1002, Alpha, 10th Floor, |
|
Tel. No.: |
91-22-61577000/ 61577037 |
|
Fax No.: |
91-22-25707597 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at: v Ahmedabad v
v Kolkata v Chennai v Mumbai v
v
Secunderabad |
DIRECTORS
As on 30.06.2011
|
Name : |
Mr. Natale Capri |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Via |
|
Date of Birth/Age : |
15.05.1970 |
|
Date of Appointment : |
18.06.2007 |
|
DIN No.: |
01542093 |
|
|
|
|
Name : |
Mr. Atul Shreeprakash Nagarkar |
|
Designation : |
Managing Director |
|
Address : |
34 Shreela, 2nd Floor, |
|
Date of Birth/Age : |
17.08.1971 |
|
Date of Appointment : |
14.06.2011 |
|
DIN No.: |
03511499 |
|
|
|
|
Name : |
Mr. Mridul Kumar Basu |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No.2201, 22nd Floor, |
|
Date of Birth/Age : |
17.12.1956 |
|
Date of Appointment : |
03.05.2010 |
|
DIN No.: |
03006583 |
|
|
|
|
Name : |
Mr. Sebastian Christian Heuer |
|
Designation : |
Director |
|
Address : |
Glarnischstrasse 111, 8708 |
|
Date of Birth/Age : |
10.07.1976 |
|
Date of Appointment : |
29.06.2010 |
|
DIN No.: |
03052757 |
KEY EXECUTIVES
|
Name : |
Mr. M.K. Basu |
|
Designation : |
Vice President Finance |
|
Date of Birth/Age : |
54 Years |
|
Qualification: |
B. Com (Hons), |
|
Experience : |
28 Years |
|
Date of Appointment : |
05.08.1997 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2011
|
Names of Shareholders |
|
No. of Shares |
|
DKSH Holding Limited, |
|
4799999 |
|
DKSH Management Limited, |
|
1 |
|
Total
|
|
4800000 |
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Chemicals and Pharmaceutical Products. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Products : |
v
Speciality and Life Science Chemicals v
Food Ingredients v
Cosmetics |
GENERAL INFORMATION
|
No. of Employees : |
62 (Approximately) |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFP3641G |
|
|
|
|
Holding Company : |
DKSH Holding
Limited, |
|
|
|
|
Fellow Subsidiaries * : |
v DKSH ( v PT DKSH v DKSH v DKSH Korea
Limited, v DKSH Corporate
Shared Services Centre Sdn v DKSH New Zealand
Limited, v Edward Keller ( v DKSH Thailand
Limited, v Diethelm Vietnam
Company, Limited, v DKSH Chile S.A. v DKSH v DKSH v DKSH Philippines
Inc., v DKSH Great Britain
Limited, v DKSH Italia v DKSH Management
Limited, v DKSH Switzerland
Limited, v DKSH North
America Inc., *The list of
parties has been limited to entities with whom transaction have been taken place
during the year |
CAPITAL STRUCTURE
As on 31.12.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4800000 |
Equity Shares |
Rs.10/- each |
Rs.48.000
millions |
|
|
|
|
|
Note:
Of the above, 4799999 equity shares are held
by DKSH Holding Limited,
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
48.000 |
48.000 |
8.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
287.282 |
257.637 |
29.012 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
335.282 |
305.637 |
37.012 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
12.112 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
12.112 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
335.282 |
305.637 |
49.124 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
81.274 |
95.323 |
4.365 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
1.462 |
0.621 |
0.593 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
116.597
|
71.347
|
20.685 |
|
|
Sundry Debtors |
136.935
|
122.261
|
15.025 |
|
|
Cash & Bank Balances |
134.733
|
115.578
|
29.924 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
13.156
|
14.609
|
17.268 |
|
Total
Current Assets |
401.421
|
323.795
|
82.902 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
135.177
|
103.943
|
37.839 |
|
|
Other Current Liabilities |
3.279
|
3.100
|
0.838 |
|
|
Provisions |
10.419
|
7.059
|
0.059 |
|
Total
Current Liabilities |
148.875
|
114.102
|
38.736 |
|
|
Net Current Assets |
252.546
|
209.693
|
44.166 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
335.282 |
305.637 |
49.124 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
744.201 |
517.703 |
161.737 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
671.767 |
452.923 |
157.246 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
72.434 |
64.780 |
4.491 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
0.020 |
0.492 |
0.471 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
72.414 |
64.288 |
4.020 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19.610 |
13.698 |
1.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
52.804 |
50.590 |
2.871 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
23.160 |
21.964 |
1.439 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
29.644 |
28.626 |
1.432 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
57.286 |
28.660 |
27.228 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
86.930 |
57.286 |
28.660 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service Fees |
13.056 |
12.688 |
11.929 |
|
|
|
Commission |
37.604 |
24.867 |
0.991 |
|
|
|
Export of Goods on F.O.B. basis |
2.914 |
0.463 |
0.466 |
|
|
TOTAL EARNINGS |
53.574 |
38.018 |
13.386 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
488.670 |
309.242 |
88.817 |
|
|
TOTAL IMPORTS |
488.670 |
309.242 |
88.817 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.18 |
13.00 |
1.79 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
PAT / Total Income |
(%) |
3.98 |
5.53
|
0.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.94 |
12.07
|
7.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.17
|
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.44 |
0.37
|
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.70 |
2.84
|
2.14 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes /
No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
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 |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter involved in |
-- |
|
23) Banking Details |
No |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
No |
|
30) Major Shareholders, if available |
Yes |
|
31) PAN of Proprietor/Partner/Director, if
available |
No |
|
32) Passport No of
Proprietor/Partner/Director, if available |
No |
|
33) Voter ID No of
Proprietor/Partner/Director, if available |
No |
Note:
Registered office of the company has been shifted from 304, Alpha,
FIXED ASSETS:
v Goodwill
v Leasehold Improvements
v Furniture and Fixtures
v Office Equipments
v Electrical Installation
v Computers
v Vehicles
WEBSITE DETAILS:
PROFILE:
DKSH India started in
In 2009 DKSH, the leader in Market Expansion Services, and Voltas Limited, the
Indian air conditioning and engineering services firm and member of the Tata
Group, reached agreement on the transfer of
With this acquisition, DKSH has significantly strengthened the position of its
Business Unit Performance Materials in
They have seven offices in the major Indian industrial centers of Ahmedabad,
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.55.76 |
|
|
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.67.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
NO |
|
--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 |
|
45 |
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.