|
Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
DR KHAN INDUSTRIAL CONSULTANTS PRIVATE LIMITED |
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Registered
Office : |
S-6 and S-7, Ratnamanjusha, Ravi Industrial Compound, Naupada, Thane-
400602, |
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Country : |
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|
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
05.04.1982 |
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Com. Reg. No.: |
11-026869 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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|
|
CIN No.: [Company Identification
No.] |
U74140MH1982PTC026869 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNED03737G |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACK6814D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Speciality Silica Based Chemicals. |
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 130000 |
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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. General
financial position of the company is good. 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 PARTED BY
|
Name : |
Mr. Ravi |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-41620100 |
|
Date : |
30.05.2012 |
LOCATIONS
|
Registered Office : |
S-6 and S-7, Ratnamanjusha, Ravi Industrial Compound, Naupada, Thane-
400602, Maharashtra, India |
|
Tel. No.: |
91-22-41620100/ 25368620 |
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Fax No.: |
91-22-41620112 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
|
|
|
Factory : |
Plot No.D-19, Lote Parshuram MIDC, Taluka Khed, District Ratnagiri –
415722, Maharashtra, India |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Mohammed Abdul Ghaffar Khan |
|
Designation : |
Managing Director |
|
Address : |
502, Atlantic Appartment, S R St. Bandra East, Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
01.10.1940 |
|
Qualification : |
Chemical Engineer with Ph.D. from IIT Bombay |
|
Date of Appointment : |
05.04.1982 |
|
DIN No.: |
01580982 |
|
Email : |
|
|
|
|
|
Name : |
Mr. Fazalunnisa Begum Mohamed Abdul Ghaffar Khan |
|
Designation : |
Director |
|
Address : |
502, Atlantic Appartment, S R St. Bandra East, Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
03.09.1944 |
|
Date of Appointment : |
05.04.1982 |
|
DIN No.: |
01581010 |
|
|
|
|
Name : |
Mr. Vikhar Ahmed Ghaffar Khan |
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Designation : |
Director |
|
Address : |
1302 Rocky Hills Apts, Sherly Rajan Road, Bandra (West), Mumbai –
400050, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1970 |
|
Qualification : |
Masters and Ph.D. in Chemicals Engineering from USA |
|
Date of Appointment : |
01.10.2008 |
|
DIN No.: |
02457852 |
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Email : |
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|
|
|
Name : |
Mr. Mudit Kr. Agarwal |
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Designation : |
Marketing Director |
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Email : |
KEY EXECUTIVES
|
Name : |
Mr. Ravi |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mohammed Abdul Ghaffar Khan |
|
540 |
|
Fazalunnisa Begum Mohamed Abdul Ghaffar Khan |
|
455 |
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|
5 |
|
|
|
|
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Total |
|
1000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Speciality Silica Based Chemicals. |
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Exports : |
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Products : |
Speciality Silica based Chemicals |
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Countries : |
Korea |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
China |
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Terms : |
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Selling : |
L/C, Cash and Credit (30-60 days) |
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Purchasing : |
L/C, Cash and Credit (30-60 days) |
GENERAL INFORMATION
|
Suppliers : |
· Adepl Advisors India Private Limited · Aryan Express · Indian Oil Corporation Limited · Janeshwar Enterprises · MES Parshuram Hospital and Research Centre · Mumbai Waste Management Limited · Rahul Insulations · Shree Electricals and Mechanicals Works · Shree Roadway Limited · Vijay Engineering Works · V I Corporation |
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Customers : |
Wholesalers, Retailers and End Users · Akzo Nobel Coatings India Private Limited · Goa Investcast Limited · Grand Polycoates Company Private Limited · Hindustan Aeronautics Limited (Orissa) · Hi-Tech Investment Casting Limited · International Paint (Korea) Limited · Jagdish Precision Cast Private Limited · KCC Corporation · Omnicat Precision Products Private Limited · Sandvik Asia Limited · Shimoga Precision Castings private Limited · Special Ceramics (Private) Limited · Techno Precision Cast · Uni Dentent Limited · Vesuvius India Limited · Zircast Limited |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
· The Thane Janata Sahakari Bank Limited Panchpakhadi Branch, Panchpakhadi Road, Thane – 400601, Maharashtra,
India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Yashawant Anil Rajshree and Associates Chartered Accountant |
|
Address : |
2, Dhairya Co-operative Housing Society, Near Daya Kasama, Shanti Society,
Opposite Saraswati Marathi School, Naupada, Thane (West) – 400602,
Maharashtra, India |
|
Tel No.: |
91-22-25391525/ 25362221 |
|
PAN No.: |
ABCPK9379D |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100 Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
33.360 |
21.197 |
15.548 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
33.460 |
21.297 |
15.648 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6.258 |
10.103 |
6.068 |
|
|
2] Unsecured Loans |
5.743 |
7.360 |
5.529 |
|
|
TOTAL BORROWING |
12.001 |
17.463 |
11.597 |
|
|
DEFERRED TAX LIABILITIES |
0.081 |
0.082 |
0.237 |
|
|
Shares Suspense A/c |
0.042 |
0.042 |
0.042 |
|
|
|
|
|
|
|
|
TOTAL |
45.584 |
38.884 |
27.524 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
21.409 |
11.365 |
7.949 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.827 |
0.524 |
0.497 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.801
|
14.168 |
6.203 |
|
|
Sundry Debtors |
20.109
|
15.498 |
13.812 |
|
|
Cash & Bank Balances |
3.517
|
0.212 |
0.385 |
|
|
Other Current Assets |
2.208
|
2.089 |
3.825 |
|
|
Loans & Advances |
6.849
|
3.558 |
3.011 |
|
Total
Current Assets |
40.484
|
35.525 |
27.236 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
9.664
|
4.464 |
3.820 |
|
|
Other Current Liabilities |
1.647
|
0.119 |
0.706 |
|
|
Provisions |
5.825
|
3.947 |
3.632 |
|
Total
Current Liabilities |
17.136
|
8.530 |
8.158 |
|
|
Net Current Assets |
23.348
|
26.995 |
19.078 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
45.584 |
38.884 |
27.524 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
154.703 |
83.511 |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
18.105 |
8.211 |
1.311 |
|
|
|
|
|
|
|
|
|
|
PROVISION FOR
TAX |
5.942 |
2.718 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
32.529 |
20.366 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
32529.00 |
-- |
-- |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
210.000 |
|
|
|
|
|
Expected Sales (2012-13): Rs.300.000 Millions
The above information has been parted by Mr. Ravi.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
11.70
|
9.83 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
29.25
|
17.51 |
3.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.54
|
0.39 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.87
|
1.22 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.36
|
4.16 |
3.34 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors |
9.664
|
4.464 |
3.820 |
|
|
|
|
|
|
Total |
9.664
|
4.464 |
3.820 |
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
Yes |
|
Designation of Contact person |
Yes |
|
Turnover of Firm for last two years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
Yes |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
|
Major Suppliers |
Yes |
|
Major Customers |
Yes |
|
Payments Terms |
Yes |
|
Export/ Imports Details (If applicable) |
Yes |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
OPERATIONS REVIEW AND OUTLOOK
The company incurred losses in the previous
year as it was the first year of the operations of the company. The Company
take steps to achieve the profit of the company and the company earned profit in
the second year of its operations.
FORM 8:
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10106615 |
|
Corporate
identity number of the company |
U74140MH1982PTC026869 |
|
Name of the
company |
DR KHAN
INDUSTRIAL CONSULTANTS PVT LTD |
|
Address of the
registered office or of the principal place of business in |
S-6,
Ratnamanjusharavi Industrial Compound, Naupada Thane – 400602,
Maharashtra, India |
|
Type of charge |
Book Debts |
|
Particular of
charge holder |
The Thane Janata
Sahakari Bank Limited Panchpakhadi
Branch, Panchpakhadi, Thane – 400601, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental Deed Of Hypothecation. |
|
Date of
instrument Creating the charge |
07/07/2010 |
|
Amount secured by
the charge |
Rs.12.700
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Floating rate of
interest at 50 basis points below PLR of 14% (present applicable rate of
interest 13.50% p. a.) Terms of
Repayment Up to 31/03/2011 Margin 30% Extent and
Operation of the charge The charge is
extended to cover the enhanced cash credit limit of Rs. 12.700 Millions |
|
Short particulars
of the property charged |
Hypothecation of
Stock and Book debts. |
|
Date of latest
modification prior to the present modification |
03/12/2009 |
|
Particulars of
the present modification |
By this
modification cash credit limit enhanced from Rs. 7.700 Millions to Rs.12.700
Millions |
FIXED ASSETS:
· Land
· Building (Factory)
· Plant and Machinery
· Furniture and Fixture
· Type Writer
· Office Equipment
· Office Furniture
· Bicycle
· Motor Pumps and Piping
· Filter Press
· Electrical; Installations
· Screener
· Welding Machine
· Burner
· Water Purifier
· Laboratory Equipment
· Computer systems
· Air Conditioner
· Motor Cycle and scooter
· Television
· Inverter
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.55.58 |
|
|
1 |
Rs.87.14 |
|
Euro |
1 |
Rs.69.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
50 |
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.