MIRA
INFORM REPORT
|
Report Date : |
21.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
MALDEEP CATALYSTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Harikunj, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.04.1990 |
|
|
|
|
Com. Reg. No.: |
04-013582 |
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|
|
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Capital Investment
/ Paid-up Capital : |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24119GJ1990PTC013582 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTM00403E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM00403E |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer and Exporter of Chemicals, PVC Stabilizer, Prepaid Dryers
etc. |
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|
|
|
No. of Employees
: |
60 (Approximately) [In Office and In Factory] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 290000 |
|
|
|
|
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 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ 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.
INFORMATION PARTED BY
|
Name : |
Mr. Devang Jain |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9825373338 |
|
Date : |
21.11.2012 |
LOCATIONS
|
Registered Office : |
Hari Kunj, SVP Road No. 3, Udhna Udyognagar, Surat – 394210, Gujarat,
India |
|
Tel. No.: |
91-261-2278333 / 2270297 |
|
Mobile No.: |
91-9825373338 (Mr. Devang Jain) |
|
Fax No.: |
91-261-2278441 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
650 Sq. mtr |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
610/1,2 GIDC Panoli Industrial Estate, Ankleshwar – 394116, |
|
|
|
|
Factory 2 : |
Plot No. 2101, 2102, 2103 GIDC, Panoli Industrial Estate, Ankleshwar –
394116, Gujarat, India |
|
Tel. No.: |
91-2646-272325 / 6 |
|
Area : |
7000 Sq. Mt |
|
Location : |
Leased |
DIRECTORS
As on 30.08.2012
|
Name : |
Mr. Mayankkumar Ambalal Patel |
|
Designation : |
Whole Time Director |
|
Address : |
C/O Al Shola Transport Company, LLC Al Quoze Industrial Area, Al Quoze
Industrial Area – 4, P O Box 7350, Dubai |
|
Date of Birth/Age : |
30.10.1956 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00418530 |
|
|
|
|
Name : |
Mr. Pallav Suryakantbhai Patel |
|
Designation : |
Whole Time Director |
|
Address : |
C/O Al Shola Transport Company, LLC Al Quoze Industrial Area, Al Quoze
Industrial Area – 4, P O Box 7350, Dubai |
|
Date of Birth/Age : |
03.03.1980 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00418656 |
|
|
|
|
Name : |
Mr. Pravinbhai Narsinghbhai Patel |
|
Designation : |
Whole Time Director |
|
Address : |
S – 77, Someshwar Enclave, Udhna Magdalla Road, Surat – 395001,
Gujarat, India |
|
Date of Birth/Age : |
18.11.1946 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00471462 |
|
|
|
|
Name : |
Mr. Kirtibhai Shantilal Desai |
|
Designation : |
Whole Time Director |
|
Address : |
5 – C, Dr Mansukhlal Tower, Chowpati, |
|
Date of Birth/Age : |
05.11.1948 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00471572 |
|
|
|
|
Name : |
Mrs. Krishnaben Pravinbhai Patel |
|
Designation : |
Managing Director |
|
Address : |
S – 77, Someshwar Enclave, Udhna Magdalla Road, Surat – 395007,
Gujarat, India |
|
Date of Birth/Age : |
20.11.1952 |
|
Date of Appointment : |
01.04.1999 |
|
DIN No.: |
00471713 |
|
|
|
|
Name : |
Mr. Suryakant Ambalal Patel |
|
Designation : |
Director |
|
Address : |
13, Haribhakti Colony, Race Course Road, Baroda – 390007, Gujarat,
India |
|
Date of Birth/Age : |
16.05.1937 |
|
Date of Appointment : |
31.03.1998 |
|
DIN No.: |
02420036 |
KEY EXECUTIVES
|
Name : |
Mr. Devang Jain |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.08.2012
|
Names of Shareholders |
No. of Shares |
|
Pravinbhai Narsinghbhai Patel |
7500 |
|
Kirtibhai Shantilal Desai |
8000 |
|
Suryakant Ambalal Patel |
23750 |
|
Pallav S. Patel |
15000 |
|
Mayankbhai Patel |
10000 |
|
Jyotsnaben Patel |
11250 |
|
Krishnaben P. Patel |
5000 |
|
Malhar Patel |
7500 |
|
Sarlaben Desai |
7000 |
|
Deep Desai |
5000 |
|
Total |
100000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.08.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Chemicals, PVC Stabilizer, Prepaid Dryers
etc. |
|
|
|
|
Products : |
·
Paint Driers ·
Cobalt Octoate ·
Lead Octoate ·
Manganese Octoate ·
Zirconium Octoate ·
Zinc Octoate ·
Calcium Octoate ·
Cerium Octoate ·
Metal Carboxylate
Stabilzers ·
Copper Naphthanate |
|
|
|
|
Exports : |
|
|
Products : |
·
Chemicals ·
PVC Stabilizer ·
Prepaid Dryers |
|
Countries : |
·
Kenya ·
Sri Lanka ·
Bangladesh ·
UAE |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
·
China ·
Japan ·
Sweden ·
Singapore |
|
|
|
|
Terms : |
|
|
Selling : |
Cash/ Credit ( 30 and 90 days) |
|
|
|
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Purchasing : |
Cash/ Credit ( 30 and 90 days) |
GENERAL INFORMATION
|
Suppliers : |
·
Balla Chemicals |
|||||||||||||||||||||||||||||||||
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Customers : |
OEM’s ·
Asian Paints Limited ·
Berger ·
Kansai Nerolac Paints Limited ·
Bombay Paints Limited |
|||||||||||||||||||||||||||||||||
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No. of Employees : |
60 (Approximately) [In Office and In Factory] |
|||||||||||||||||||||||||||||||||
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|
Bankers : |
·
The Royal Bank of Scotland N. V., 7th
Floor, Sakhar Bhavan, Nariman Point, Mumbai – 400021, Maharashtra, India ·
Bank of India ·
Axis Bank ·
ICICI Bank Limited ·
HDFC Bank Limited ·
Bank of Baroda, Udhna Branch, Surat – 394210,
Gujarat, India |
|||||||||||||||||||||||||||||||||
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Facilities : |
Total Facilities
:
Rs.147.000 Millions (from The Royal Bank of Scotland)
Note: The term loan from Royal Bank of Scotland carries Interest @ 12.25% to 13.25% p.a. The term loans are repayable in 48 monthly installments beginning from the date of loan. The loan is secured against the hypothecation of plant and machinery and also secured by way of equitable mortgage over the factory land and building at Plot No.2103m Panoll Industrial Area, RS No.468, Palki, VII, Umarwada, District Bharuch belonging to the company. The said loans are also secured by way of personal guarantee of all the directors and corporate guarantee of P.K. Intermediates Private Limited
The Vehicle loan from Banks are secured by hypothecation of the respective Vehicles repayable over a period of 3 years and carries interest @ 8.75% to 10% p.a. The said term loans are also secured by way of personal guarantee of the Directors. The loan from UC of India is secured against the Life Insurance Policy of the Director. The closing balances of unsecured loans are subject to confirmation however, the Directors have certified the respective balances. No interest on unsecured loan have been paid during the current year. The Working Capital facility from Royal Bank of Scotland is secured by way of exclusive charge over entire current assets (Inventory and Receivables) and charge over the entire fixed assets including Plant and Machinery of the company. The said facility Is further secured by way of equitable mortgage over the property at factory land and building at plot No. 2101-2102, Panoli Industrial Area, RS No. 468 Palki, VIII.: Umarwada, District Bharuch and Land and Building situated at Harikun], Block No. A/9, Plot No. 25, SVP Road No. 3, Udhna, Surat belonging to die company. The directors of the company viz. ShrJ Pravln N. Patel, Mrs. Krishna Patel and Mr. Kirti Desai has also offred their personal guarantee. |
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
DSI and Company Chartered Accountants |
|
Address : |
MF/14-26, Nariman Point, Shopping Centre, Near Raghuvir Bunglows, City
Light Road, Surat-395007, Gujarat, India |
|
Tel. No.: |
91-261-3992929 / 3994747 |
|
Fax No.: |
91-261-3053838 |
|
E-Mail : |
|
|
PAN.: |
AAFFD4002N |
|
|
|
|
Related Parties : |
P. K. Intermediates Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.10.000
Millions |
|
|
|
|
|
Notes:
1.
Reconciliation of shares outstanding at the
beginning and at the end of the year.
|
|
No of Shares |
|
Equity Shares of Rs.100/- each at the
beginning of the year |
100000 |
|
Add : Shares issued during the year |
-- |
|
Equity Shares of Rs.100/- each at the end of
the year |
100000 |
2. Terms/ rights attached to equity shares
The company has only one class of Equity Shares having a par value of Rs.100/- per share. Each shareholder of Equity Share Is entitled to one vote per share.
In the event of the liquidation of the company, the holders of Equity Shares will tie entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be In proportion to the number of Equity Shares held by the shareholders.
3. Details of shareholders holding more than
5% shares in the company
|
Particulars |
31.03.2012 |
|
|
|
No of Shares |
% of Holding |
|
Suryakant Ambalal Patel |
23750 |
23.75% |
|
Jyotsnaben Patel |
11250 |
11.25% |
|
Pravinbhai Narsinghbhai Patel |
7500 |
7.50% |
|
Malhar Patel |
7500 |
7.50% |
|
Kirtibhai Shantilal Desai |
8000 |
8.00% |
|
Sarlaben Desai |
7000 |
7.00% |
|
Mayankbhai Patel |
10000 |
10.00% |
|
Pallav S. Patel |
15000 |
15.00% |
|
Others holding 5% or less shares |
10000 |
10.00% |
|
Total |
100000 |
100.00% |
4.
No shares have been reserved for Issue under options
and contracts/commitments for the sale of shares/ disinvestment.
5.
During the past 5 years the company has not
allotted any shares pursuant to contracts, without payment being received in
cash.
6.
55,500 (Previous Year: 55,000) Equity Shares out of
the Issued, subscribed and paid up capital were allotted as Bonus Shares In the
last five years by capitalisation of Reserves
7.
During the past 5 years the company has not bought
back any shares.
8.
No shares have been forfeited by the company.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
63.093 |
48.219 |
36.098 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
73.093 |
58.219 |
46.098 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
73.769 |
84.010 |
66.888 |
|
|
2] Unsecured Loans |
0.132 |
6.874 |
0.000 |
|
|
TOTAL BORROWING |
73.900 |
90.884 |
66.888 |
|
|
DEFERRED TAX LIABILITIES |
4.271 |
3.687 |
2.786 |
|
|
|
|
|
|
|
|
TOTAL |
151.264 |
152.790 |
115.772 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
41.933 |
36.272 |
25.265 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
1.375 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
45.817
|
41.383
|
37.811
|
|
|
Sundry Debtors |
103.189
|
87.746
|
57.373
|
|
|
Cash & Bank Balances |
3.118
|
5.723
|
10.056
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Deposits, Loans & Advances |
23.169
|
17.285
|
13.121
|
|
Total
Current Assets |
175.293
|
152.137
|
118.361
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
50.618
|
28.465
|
24.437
|
|
|
Other Current Liabilities |
5.674
|
0.610
|
0.548
|
|
|
Provisions |
9.670
|
6.544
|
4.244
|
|
Total
Current Liabilities |
65.962
|
35.619
|
29.229
|
|
|
Net Current Assets |
109.331
|
116.518
|
89.132
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
151.264 |
152.790 |
115.772 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
304.799 |
224.670 |
|
|
|
Other Income |
|
4.611 |
0.255 |
|
|
|
TOTAL (A) |
|
309.410 |
224.925 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ Decrease in Stock |
|
(4.524) |
(4.307) |
|
|
|
Consumption of Raw Materials |
|
241.197 |
176.312 |
|
|
|
Manufacturing Expenses |
|
8.213 |
7.135 |
|
|
|
Sales and Administrative Expenses |
|
33.183 |
24.061 |
|
|
|
Prior Period Items |
|
0.168 |
0.004 |
|
|
|
TOTAL (B) |
|
278.237 |
203.205 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
31.173 |
21.720 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
9.606 |
5.884 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
21.567 |
15.836 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
2.001 |
1.451 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
19.566 |
14.385 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
6.516 |
4.957 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
|
13.050 |
9.428 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
33.906 |
24.478 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
|
0.800 |
0.000 |
|
|
|
Provision for Dividend Distribution Tax |
|
0.130 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
|
46.026 |
33.906 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
12.103 |
20.372 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
90.507 |
87.817 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
130.50 |
94.28 |
|
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
424.950 |
|
|
|
Other Income |
|
|
0.057 |
|
|
|
TOTAL (A) |
|
|
425.007 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
|
333.016 |
|
|
|
Changes in Inventories of Finished Goods and Work-in-Progress |
|
|
(1.937) |
|
|
|
Employee Benefit Expenses |
|
|
18.076 |
|
|
|
Other Expenses |
|
|
35.823 |
|
|
|
Extraordinary Items |
|
|
0.109 |
|
|
|
TOTAL (B) |
|
|
385.087 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
39.920 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
13.128 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
26.792 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
2.159 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
24.633 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
8.365 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
|
|
16.269 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
46.026 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
|
|
|
|
|
Dividend |
|
|
|
|
|
|
Tax on Dividend |
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
25.526 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
|
|
147.010 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
162.69 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
425.000 |
|
|
|
|
|
Expected Sales (2012-13) : Above Rs.4500.000 Millions
The above information has been parted by Mr. Devang Jain.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.26
|
4.21
|
4.19
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.80
|
6.42
|
6.40
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.34
|
16.52
|
10.02
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.34
|
0.31
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.91
|
2.17
|
2.09
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.69 |
4.27
|
4.05
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs.
in Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
For Goods |
44.709 |
19.453 |
17.182 |
|
For Expenses |
5.809 |
8.912 |
7.255 |
|
For Others |
0.100 |
0.100 |
0.000 |
|
Total |
50.618 |
28.465 |
24.437 |
|
Sr. No. |
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 |
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 variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations 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 |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
PERFORMANCE
During the year under review, your directors are pleased to inform that Company has achieved the total revenue of Rs. 425.007 Millions compared to Rs.309.410 Millions (YOY) registering impressive growth of 39%. During the year, Company has earned profit of Rs. 162.69 Lac and EPS of Rs. 162.69 per share. These results are due to the efforts made by the directors in the direction of quality improvement, effective cost control and efficient management. Your Directors are confident that their continuous efforts towards the progress of the company will lead it to achieve a more profitable position in the market.
FUTURE PROSPECTS:
The Chemical Sector is now at growing at pace in India and elsewhere also. The indispensable need of chemical, colour, paints, dyes in industrial sector have made strong the base of the chemical industries. Adequate capital and resources directed to optimum utilization with effective management will lead the company to much better future prospective with a strong leading market position and profitability.
FORM 8
|
Corporate
identity number of the company |
U24119GJ1990PTC013582 |
|
Name of the
company |
MALDEEP CATALYSTS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Harikunj, SVP
Road No 3, Udhna Udyognagar, Surat, Gujarat, India Email Id : mcafiling@yahoo.co.in |
|
This form is for |
Modification
of charge |
|
Charge identification
(ID) number of the charge to be modified |
10122926 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
The Royal Bank of Scotland N. V., 7th Floor, Sakhar Bhavan,
Nariman Point, Mumbai – 400021, Maharashtra, India Email Id : reenabang@rediffmail.com |
|
Nature of
instrument creating charge |
Memorandum of
Entry |
|
Date of
instrument Creating the charge |
16.07.2011 |
|
Amount secured by
the charge |
Rs.11.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As agreed by and
with the Bank from time to time Terms of
repayment As agreed by and
with the Bank from time to time Margin As applicable, if
any Extent and
operation of the charge The Bank is
having exclusive charge on the security offered by the Company Others In present MOE
dated 16.07.2011, the Bank took the cross reference of the charge ID No.
10237279 for Rs.10.980 Millions The working of this is as under - a) Out of
Rs.117.500 Millions, Rs.87.500 Millions also secured with property Plot No.
25, 2101 and 2102. b) Rs.10.980 Millions is secured with only property at
plot No. 2013. Hence Total charge amount of all this four properties are
Rs.98.480 Millions Therefore considering both charge ID, total amount is
Rs.128.480 Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Exclusive Charge on
a) Plot no. 25 situated at village limits of Udhna in the Registration
Sub-District Surat, District Surat B) Plot No. 2101
situated at village limits of Umarwada in the Registration Sub-District
Ankleshwar, District Bharuch and C) Plot No. 2102
situated at village limits of Umarwada in the Registration Sub-District
Ankleshwar, District Bharuch D) Plot No. 2103
situated at village limits of Umarwada in the Registration Sub-District
Ankleshwar, District Bharuch |
|
Date of
instrument modifying the charge |
23.08.2010 |
|
Particulars of
the present modification |
The entire charge
of Rs.117.500 Millions is also now secured with immovable properties of the
Company situated at a) Plot No. 25 situated at village limits of Udhna in the
Registration Sub-District Surat, District Surat. B) Plot No. 2101, 2102 and
2103 situated at village limits of Umarwada in Registration Sub-District
Ankleshwar, District Bharuch |
FIXED ASSETS
·
Land
·
·
Plant and Machinery
·
Electrical Fittings
·
Furniture and Fixture
·
Laboratories Equipment
·
Motor Car
·
Computers
·
D G Set
·
Office Equipment
·
Drainage System
·
CC TC Camera
·
Telephone /
TRADE REFERENCES
· Asian Paints Limited
· Balla Chemicals
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 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.54.91 |
|
|
1 |
Rs.87.38 |
|
Euro |
1 |
Rs.70.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BSN |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.