1. Summary Information
|
|
|
Country |
|
|
Company Name |
ANABOND LIMITED |
Principal Name 1 |
Mr.
Janakiraman Vijayakumar |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Arcot Varadan
Ramanujam |
|
|
|
Registration # |
18-000249 |
|
Street Address |
Type II, 36, Dr. VSI Estate, Thiruvanmiyur, Chennai 600041, Tamil |
||
|
Established Date |
29.02.1984 |
SIC Code |
-- |
|
Telephone# |
91-44-23460050 |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Industrial
Adhesives |
|
|
# of employees |
Not Available |
Product Name 2 |
Sealants |
|
Paid up capital |
Rs.35,844,000/- |
Product Name 3 |
Lubricants |
|
Shareholders |
Directors or relatives of directors -
79.73%, Others - 20.27% |
Banking |
Indian Overseas
Bank |
|
Public Limited Corp. |
No |
Business Period |
28 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary |
|
Anadocs IT Solutions Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
451,111,000 |
Current Liabilities |
92,420,000 |
|
Inventories |
104,981,000 |
Long-term Liabilities |
90,295,000 |
|
Fixed Assets |
224,219,000 |
Other Liabilities |
43,675,000 |
|
Deferred Assets |
2,978,000 |
Total Liabilities |
226,390,000 |
|
Invest& other Assets |
36,073,000 |
Retained Earnings |
557,128,000 |
|
|
|
Net Worth |
592,972,000 |
|
Total Assets |
819,362,000 |
Total Liab. & Equity |
819,362,000 |
|
Total Assets (Previous Year) |
704,573,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
1051,331,000 |
Net Profit |
63,483,000 |
|
Sales(Previous yr) |
764,573,000 |
Net Profit(Prev.yr) |
94,515,000 |
MIRA
INFORM REPORT
|
Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
ANABOND LIMITED |
|
|
|
|
Registered
Office : |
Type II, 36, Dr. V.S.I. Estate, Thiruvanmiyur, Chennai 600041, Tamil
Nadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.02.1984 |
|
|
|
|
Com. Reg. No.: |
18-000249 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.35.844
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24295TN1984PLC000249 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEA00689D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA4158Q |
|
|
|
|
Legal Form : |
A Closely Held
Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of
Industrial Adhesives and Sealants (Liquid Form), Lubricants, and Adhesives
and Sealants (Paste Form) |
|
|
|
|
No. of Employees
: |
Not Available |
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 2400000 |
|
|
|
|
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 – 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 |
LOCATIONS
|
Registered Office : |
Type II, 36, Dr. V.S.I. Estate, Thiruvanmiyur, Chennai 600041, Tamil |
|
Tel. No.: |
91-44-23460050/53 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2: |
No. 102, |
|
Tel No.: |
91-4114-27478757/8787 |
|
Fax No.: |
91-4114-27478784 |
|
|
|
|
Factory 3: |
No.26/2, CAD No.82, |
|
Tel No.: |
91-413-2640869/
808/ 868 |
|
Area : |
12000sq.fts |
|
Location : |
Owned |
|
|
|
|
Corporate Office 1 : |
No. 15, 2nd
|
|
Tel No.: |
91-44-23460041 /
42 / 43 |
|
Fax No.: |
91-44-23460062 |
|
E-Mail: |
|
|
|
|
|
Corporate
Office 2 : |
Old No.55, New. No.38, |
|
Tel No: |
91-44-24425041/24418621 |
|
E-Mail: |
|
|
|
|
|
Plants: |
Research and Development Centre: 86, Perungudi,
Chennai – 600 096, Tamilnadu, Tel No.: 91 – 44-
23460064 / 65 Fax No.: 91 –
44-42152145 RS 28/2, CAD 82, Tel No.
91-413-2640868/2640304/2649394 Fax No.
91-413-2640808/2640775 Email : anapropdy@sify.com
Village Baridua,
P. O. Amerigong, No.102, Fax
No.: 91-4114 -27478784 |
|
|
|
|
Zonal Office: |
311, J. K. Chambers,
Sector 17, Vashi, Navi Mumbai – 400 705, |
|
Tel. No.: |
91-22-2789
3500/2789 2711 |
|
Fax No.: |
91-22-2789 2696 |
|
|
|
|
Marketing -
Head Office : |
No.15, 2nd Phone: 91-44-24402311/12/13 Domestics
Marketing: Tel No.:91-44-23460045/46 Fax No.:91-44-23460048 Email: marketing@anabond.com International
Marketing: Tel No.:91-44-24483649 Fax No.:91-44-24928005 Email: exports@anabond.com |
|
|
|
|
Overseas Operations : |
A-09-09, Menara Megah, Jalan Kolam Air 51200, |
|
|
|
|
Factory
2 : |
No.
102, |
|
Tel No.: |
91-4114-27478757/274 |
|
Fax No.: |
91-4114-27478784 |
|
|
|
|
Branches : |
Located at:
|
|
|
|
|
R and D Centre : |
No.86, Industrial Estate, Perungudi, Chennai
- 600096 |
|
Tel No.: |
91-44-23460064/65 |
|
Fax No.: |
91-44-42152145 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr.
Janakiraman Vijayakumar |
|
Designation : |
Chairman cum
Managing Director |
|
Address : |
41/2D, Athreya
Apartment, 2nd |
|
Date of Birth/Age : |
07.09.1951 |
|
Date of Appointment : |
29.02.1984 |
|
DIN No.: |
00039987 |
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 |
U24295TN1984PLC075194 |
Anabond Limited |
Managing
director |
01-12-10 |
29-02-84 |
- |
Active |
NO |
|
2 |
U30007TN1994PTC026929 |
Darien Electric
Private Limited |
Director |
02-03-94 |
02-03-94 |
- |
Active |
NO |
|
3 |
U24299PY1997PTC001304 |
Anabond Revocoat
India Private Limited |
Managing
director |
25-01-08 |
17-03-97 |
- |
Active |
NO |
|
4 |
U33112TN2004PTC054628 |
Anabond Stedman
Pharma Research Private Limited |
Director |
09-11-04 |
09-11-04 |
- |
Active |
NO |
|
5 |
U92412TN2007PTC062354 |
Anabond Golf
Club Private Limited |
Nominee director |
12-02-07 |
12-02-07 |
- |
Active |
NO |
|
6 |
U27300TN2007PTC063230 |
Anabond Tantalum
Private Limited |
Nominee director |
23-04-07 |
23-04-07 |
- |
Active |
NO |
|
7 |
U72200TN2003PTC051954 |
Anadocs It
Solutions Private Limited |
Director |
30-09-09 |
30-12-08 |
- |
Active |
NO |
|
8 |
U24133TN2010PTC074891 |
Anabond Sainergy
Fuelcell India Private Limited |
Director |
12-03-10 |
12-03-10 |
14-07-10 |
Active |
NO |
|
Name : |
Mr. Arcot Varadan
Ramanujam |
|
Designation : |
Director |
|
Address : |
20, |
|
Date of Birth/Age : |
14.04.1951 |
|
Date of Appointment : |
29.02.1984 |
|
DIN No. |
00040011 |
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 |
U24295TN1984PLC075194 |
Anabond Limited |
Whole-time
director |
01-12-10 |
29-02-84 |
- |
Active |
NO |
|
2 |
U30007TN1994PTC026929 |
Darien Electric
Private Limited |
Managing
director |
02-03-94 |
02-03-94 |
- |
Active |
NO |
|
3 |
U24299PY1997PTC001304 |
Anabond Revocoat
India Private Limited |
Director |
03-01-00 |
03-01-00 |
16-12-11 |
Active |
NO |
|
Name : |
Mr. Venkateshwaran Lakshminarayanan |
|
Designation : |
Director |
|
Address : |
No.7, Narayan Kripa GA Jeevarathinam Nagar, Adyar, Chennai – 600020, |
|
Date of Birth/Age : |
18.06.1956 |
|
Date of Appointment : |
24.08.2007 |
|
DIN No.: |
00040251 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U24299PY1997PTC001304 |
Anabond Revocoat
India Private Limited |
Director |
28-09-01 |
28-09-01 |
Active |
NO |
|
2 |
U72200TN2003PTC051954 |
Anadocs IT
Solutions Private Limited |
Managing
director |
13-11-03 |
13-11-03 |
Active |
NO |
|
3 |
U80904TN2003PTC052209 |
Tutors Worldwide
( |
Director |
01-07-04 |
01-07-04 |
Active |
|
|
4 |
U27300TN2007PTC063230 |
Anabond Tantalum
Private Limited |
Nominee director |
23-04-07 |
23-04-07 |
Active |
NO |
|
5 |
U24295TN1984PLC075194 |
Anabond Limited |
Whole-time
director |
01-12-10 |
24-08-07 |
Active |
NO |
|
6 |
U72900TN2007PTC065146 |
Anadocs Rfxcel
Software India Private Limited |
Director |
24-10-07 |
24-10-07 |
Strike off |
NO |
|
Name : |
Mr. Esakiapillai Srinivasan |
|
Designation : |
Director |
|
Address : |
23/9,
Amirthavanam Flats, |
|
Date of Birth/Age : |
17.03.1961 |
|
Date of Appointment : |
24.08.2007 |
|
DIN No.: |
00040408 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U33112TN2004PTC054628 |
Anabond Stedman
Pharma Research Private Limited |
Director |
09-11-04 |
09-11-04 |
Active |
NO |
|
2 |
U27300TN2007PTC063230 |
Anabond Tantalum
Private Limited |
Nominee director |
23-04-07 |
23-04-07 |
Active |
NO |
|
3 |
U24295TN1984PLC075194 |
Anabond Limited |
Whole-time
director |
01-12-10 |
24-08-07 |
Active |
NO |
|
Name : |
Mr. Kaliappan Adhinarayanan |
|
Designation : |
Director |
|
Address : |
Plot No.5, Door
No.2, Padmalaya Apartments, |
|
Date of Birth/Age : |
20.04.1949 |
|
Date of Appointment : |
24.08.2007 |
|
DIN No.: |
01949254 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U24295TN1984PLC075194 |
Anabond Limited |
Whole-time
director |
01-12-10 |
24-08-07 |
Active |
NO |
|
2 |
U24299PY1997PTC001304 |
Anabond Revocoat
India Private Limited |
Additional
director |
16-12-11 |
16-12-11 |
Active |
NO |
|
Name : |
Mr. Janakiraman Vijayakumar Sembian |
|
Designation : |
Director |
|
Address : |
41/2D, |
|
Date of Birth/Age : |
26.02.1982 |
|
Date of Appointment : |
04.02.2011 |
|
DIN No.: |
02305586 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U92412TN2007PTC062354 |
Anabond Golf
Club Private Limited |
Director |
22-07-08 |
22-07-08 |
Active |
NO |
|
2 |
U24295TN1984PLC075194 |
Anabond Limited |
Director |
30-09-11 |
04-02-11 |
Active |
NO |
|
Name : |
Mr. Ashok Ahuja |
|
Designation : |
Director |
|
Address : |
H-34, Kirti
Nagar, |
|
Date of Birth/Age : |
10.06.1956 |
|
Date of Appointment : |
30.09.1999 |
|
DIN No.: |
02047513 |
|
|
|
|
Name : |
Mr. Bernard Syiem |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
12.08.1968 |
|
Date of Appointment : |
15.12.2004 |
|
DIN No.: |
02198252 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
J.
Vijayakumar |
|
564303 |
|
A.V.
Ramanujam |
|
320901 |
|
Ashok
Ahuja |
|
65630 |
|
E.
Srinivasan |
|
85266 |
|
J.V.
Sreedhar |
|
78056 |
|
K.
Adhinarayanan |
|
40468 |
|
V.Lakshminarayanan
|
|
54366 |
|
J.V.Stiva
|
|
686670 |
|
J.V.Sembian |
|
562380 |
|
R.Karthik
Surya |
|
138620 |
|
R.Sangamitrai
Surya |
|
67300 |
|
Saraswathi
Ramanujam |
|
161812 |
|
V.
Vanaja |
|
55590 |
|
Rushi
P Sreedhar |
|
19845 |
|
Sagaana
P.Sreedhar |
|
9923 |
|
Suvali
G(Mr.Giridaran Veeramuthu) |
|
9922 |
|
Sunitha
Ahuja |
|
2600 |
|
D.N.Ahuja |
|
52600 |
|
T.S.Rajeswaran |
|
15000 |
|
|
|
13180 |
AS ON 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of directors |
79.73 |
|
Others |
20.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Industrial Adhesives and Sealants (Liquid Form), Lubricants, and Adhesives and
Sealants (Paste Form) |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
|
|
Actual
Production |
|
Adhesives and Sealants |
|
|
|
|
|
- Liquid Form |
Ltrs. |
|
|
243816.000 |
|
- Paste Form |
Kgs. |
|
|
1542938.000 |
|
Lubricants |
Ltrs. |
|
|
12251.000 |
|
Paints and Coating |
|
|
|
|
|
- Liquid Form |
Ltrs. |
|
|
375396.000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
CNGSN an
Association Chartered
Accountant |
|
Address : |
Agastyar Manor,
New No.20, Old No.13, |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFC5571B |
|
|
|
|
Joint Venture: |
|
|
|
|
|
Subsidiaries : |
CIN
No.: U72200TN2003PTC051954
CIN No.:
U27300TN2007PTC063230 |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- Each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3584360 |
Equity Shares |
Rs.10/- Each |
Rs.35.844
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 |
35.844 |
35.844 |
36.779 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
557.128 |
499.894 |
437.466 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
592.972 |
535.738 |
474.245 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
79.750 |
27.344 |
49.803 |
|
|
2] Unsecured Loans |
10.545 |
8.873 |
6.365 |
|
|
TOTAL BORROWING |
90.295 |
36.217 |
56.168 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
1.423 |
|
|
|
|
|
|
|
|
TOTAL |
683.267 |
571.955 |
531.836 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
224.219 |
206.502 |
200.979 |
|
|
Capital work-in-progress |
21.391 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
14.682 |
68.632 |
68.632 |
|
|
DEFERREX TAX ASSETS |
2.978 |
0.948 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
104.981 |
94.889 |
76.626 |
|
|
Sundry Debtors |
144.363
|
174.469
|
187.542
|
|
|
Cash & Bank Balances |
175.278
|
58.291
|
39.766
|
|
|
Other Current Assets |
2.482
|
2.966
|
2.514
|
|
|
Loans & Advances |
128.988
|
97.876
|
76.911
|
|
Total
Current Assets |
556.092
|
428.491
|
383.359
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
51.798
|
70.421
|
67.999 |
|
|
Other Current Liabilities |
40.622
|
37.741
|
32.268
|
|
|
Provisions |
43.675
|
24.456
|
20.867
|
|
Total
Current Liabilities |
136.095
|
132.618
|
121.134
|
|
|
Net Current Assets |
419.997
|
295.873
|
262.225
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
683.267 |
571.955 |
531.836 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1051.331 |
764.573 |
648.429 |
|
|
|
Other Income |
13.661 |
6.988 |
65.490 |
|
|
|
TOTAL (A) |
1064.992 |
771.561 |
713.919 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
594.781 |
409.215 |
|
|
|
|
Manufacturing service costs |
48.133 |
41.632 |
|
|
|
|
Employee related expenses |
111.980 |
92.461 |
|
|
|
|
Administrative selling other expenses |
178.241 |
84.776 |
|
|
|
|
TOTAL (B) |
933.135 |
628.084 |
559.201 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
131.857 |
413.477 |
154.718 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.077 |
4.456 |
23.027 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
128.780 |
139.021 |
131.691 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
29.901 |
28.690 |
22.084 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
98.879 |
110.331 |
109.607 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
35.396 |
15.816 |
12.982 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
63.483 |
94.515 |
96.625 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
9.451 |
9.473 |
|
|
|
Proposed Dividend @ 15% |
|
5.376 |
5.376 |
|
|
|
Tax on Dividend |
|
0.893 |
0.914 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
78.794 |
78.966 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
36.124 |
27.131 |
21.440 |
|
|
TOTAL EARNINGS |
36.124 |
27.131 |
21.440 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Foreign Currency Outflow |
NA |
109.675 |
126.758 |
|
|
TOTAL IMPORTS |
NA |
109.675 |
126.758 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.71 |
26.23 |
25.82 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.96
|
12.25
|
13.53
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.41
|
14.43
|
16.90
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.67
|
17.37
|
18.75
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.21
|
0.23
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.38
|
0.32
|
0.37
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.09
|
3.23
|
3.16
|
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. Constructions 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 |
No |
|
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 |
No |
|
21. Market information |
-- |
|
22. Litigations that the firm / promoter involved |
-- |
|
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 |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
Note:
The registered office of the company has been shifted from RS No. 26/2,
CAD No.82, Thirubhuvani Village, Manadipet Commune, Pondicherry – 605 102,
TamilNadu, India to present w.e.f.
19.02.2010
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24295TN1984PLC075194 |
|
Name of the
company |
ANABOND LIMITED |
|
Address of the
registered office or of the principal place of business in |
Type II, 36, Dr.
V.S.I. Estate, Thiruvanmiyur, Chennai – 600041, Tamil e-Mail : taxation@anabond.com |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
Property Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
Indian Overseas Bank,
Commercial and Institutional Credit Branch, 98-A, Dr. Radhakrishnan Salai,
Mylapore, Chennai – 600004, Tamil E-mail : canicbr@chemrc01.iobnet.co.in |
|
Nature of
instrument creating charge |
i) Letter of
Hypothecation dated 26th November, 2010; and ii) Confirmation
Letters evidencing creation of Supplemental Mortgage (6 Nos) all dated 26th
November, 2010. |
|
Date of
instrument Creating the charge |
26/11/2010 |
|
Amount secured by
the charge |
Rs.228.700
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Any such rate as
may be advised to the Company from time to time in respect of the credit
facilities. Terms of Repayment
Total Credit
facilities (both fund based and non-fund based) of Rs.228.700 Millions -
Unless demanded earlier, repayable as per sanction terms. Margin As may be
prescribed by the Bank from time to time for the credit facilities. Extent and Operation
of the charge The Company
created charge in favour of Indian Overseas Bank, C and I Credit Branch,
Mylapore by way of Hypothecation Current Assets and Fixed Assets and Mortgage
of immovable properties of the Company to secure the enhanced credit facilities
granted to the Company aggregating to Rs.228.700 Millions together with
interest, costs, charges and other dues which may become due and owing to the
bank in respect of the said credit facilities. |
|
Date of
instrument modifying the charge |
20/01/2009 |
|
Particulars of
the present modification |
By the present
modification, Indian Overseas Bank has granted additional credit facilities
of Rs.60.000 Millions thereby the aggregate credit facilities granted to the
Company have been enhanced from Rs.168.700 Millions to Rs.228.700 Millions
and the enhanced credit facilities are secured by hypothecation of
machineries, goods and book debts and by way of supplemental mortgage letter
of deposit of title deeds relating to immovable properties of the Company as
described in the attachment. |
PERFORMANCE:
Company’s
Financial Results for the F.Y. 2010-11 demonstrated overall growth compared to
the previous year with 29% increase in Sales from Rs.814.669 Millions to Rs.1048.970
Millions. This was possible due to the continued robustness of the business
environment in the country mainly in Automotive and Industrial Sectors. The
gross earnings before interest, depreciation, provisions and tax stood at
Rs.221.900 Millions compared to the earlier year profit of Rs.146.800 Millions.
However, Provisions made on account of Investments, Loans, Advances and Tax
reduced the Profit after tax to Rs.63.500 Millions compared to last year of
Rs.94.500 Millions
CONTINGENT LIABILITY:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Letter of Credits |
23.518 |
3.877 |
|
Bank Guarantees |
13.721 |
8.601 |
|
Corporate Guarantees issued |
|
|
|
- Anabond Stedman
Pharma Research Private Limited |
12.000 |
12.000 |
|
- Anadocs IT
Solutions Private Limited |
0.475 |
0.475 |
|
Income Tax Appeals AY 2004-05 |
1.442 |
1.442 |
|
Income Tax Appeals AY 2004-05 |
0.650 |
0.650 |
|
Income Tax Appeals AY 2007-08 |
5.975 |
5.975 |
|
Income Tax Appeals AY 2008-09 |
5.717 |
0.000 |
FIXED ASSETS:
- Land and Building
- Plant and Machinery
- Furniture and Fixtures
- Vehicles
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. 54.88 |
|
|
1 |
Rs. 86.46 |
|
Euro |
1 |
Rs. 69.49 |
INFORMATION DETAILS
|
Report Prepared by
: |
BVA |
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 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.