MIRA INFORM REPORT
|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
CONNELL BROS COMPANY (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
13, Padam-1, 4-B, Peddar Road, Gamdevi, Mumbai – 400 026, Maharashtra,
India |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2010 |
|
|
|
|
Date of
Incorporation : |
18.05.1999 |
|
|
|
|
Com. Reg. No.: |
11-119904 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.53.900 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1999PTC119904 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC07445E MUMC10633A MUMC11797C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC9611004C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of Chemicals. |
|
|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 975000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
management has failed to file its latest financial with the Government
Department. As per previous year’s record, the company is found normal for business
dealings. Trade relations are reported to be fair. Business is active.
Payments are unknown. The company can be considered for business dealing with some caution. |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
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 DECLINED BY
|
Name : |
Ms. Yogita Parab |
|
Contact No.: |
91-9820199553 |
LOCATIONS
|
Registered Office : |
13, Padam-1, 4-B, Peddar Road, Gamdevi, Mumbai – 400 026, Maharashtra,
India |
|
Tel. No.: |
91-22-22815060/ 66644483 |
|
Mobile No.: |
91-9820199553 (Ms. Yogita Parab) |
|
Fax No.: |
91-22-22818060 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1600 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate
Office: |
1st Floor, Hamilton House, 8, J.N. Heredia Marg, Ballard Estate,
Mumbai – 400 038, Maharashtra, India |
|
Tel. No.: |
91-22-66138300 |
|
Fax No.: |
91-22-22818330 |
|
E-Mail : |
|
|
|
|
|
Warehouse: |
Located at: v Bhiwandi v Panvel v Delhi |
|
|
|
|
Branch Office 1 : |
3rd Floor, Bansilal Building, 9/15, Homy Mody Street, Fort,
Mumbai - 400 023, Maharashtra, India |
|
Tel. No.: |
91-22-22815060 |
|
Fax No.: |
91-22-22818060 |
|
E-Mail : |
|
|
Area: |
3500 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Branch Office 2 : |
1112, Kailash Building, 26, Kasturba Gandhi Marg, New Delhi - 110 001,
India |
|
Tel. No.: |
91-11-23713691 |
|
Fax No.: |
91-11-23713692 |
|
Area: |
1200 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Overseas Office: |
15 Kamal Ataturk Avenue, Bashati Condominium, Apartment # C/11-12,
Road # 17, Banani, Dhaka - 1213 |
|
Tel. No.: |
88 044 746 50728 |
|
Fax No.: |
88 044 768 02517 |
|
Area: |
500 sq. ft. |
|
Location : |
Rented |
DIRECTORS
AS ON 25.05.2011
|
Name : |
Theodore Eliot III |
|
Designation : |
Managing Director |
|
Address : |
401, Golden Gate, Avenue Belvedere, California 94920 |
|
Date of Birth/Age : |
17.10.1953 |
|
Date of Appointment : |
18.05.1999 |
|
DIN No.: |
02231188 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U24110MH1999PTC119904
|
CONNELL BROS
COMPANY (INDIA) PRIVATE LIMITED |
Managing
director |
18/05/1999 |
18/05/1999 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Parthiv Tanil Kilachand |
|
Designation : |
Director |
|
Address : |
Kilachand House, 95, Nepean Sea Road, Mumbai – 400 006, Maharashtra,
India |
|
Date of Birth/Age : |
27.03.1967 |
|
Date of Appointment : |
18.05.1999 |
|
DIN No.: |
00005516 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
L21308GJ1989PLC012743
|
GUJARAT POLY AVX
ELECTRONICS LTD. |
Director |
11/03/1992 |
11/03/1992 |
- |
Active |
NO |
|
2 |
U51900MH1994PTC078663
|
RASAYANI TRADERS
PRIVATE LIMITED |
Director |
30/06/1994 |
30/06/1994 |
- |
Active |
NO |
|
3 |
L24100MH1955PLC009663
|
POLYCHEM LIMITED
|
Managing
director |
27/07/2012 |
03/12/1996 |
- |
Active |
NO |
|
4 |
U51900MH1997PTC105312
|
HIGHCLASS
TRADING PRIVATE LIMITED |
Director |
01/08/1997 |
01/08/1997 |
- |
Active |
NO |
|
5 |
U17110MH1950PLC007979
|
GINNERS AND PRESSERS
LIMITED |
Director |
14/08/1997 |
14/08/1997 |
- |
Active |
NO |
|
6 |
U24110MH1999PTC119904
|
CONNELL BROS
COMPANY (INDIA) PRIVATE LIMITED |
Director |
18/05/1999 |
18/05/1999 |
- |
Active |
NO |
|
7 |
U65920MH1983PTC031628
|
RO-AN
INVESTMENTS PRIVATE LIMITED |
Director |
14/12/2001 |
14/12/2001 |
- |
Dissolved |
NO |
|
8 |
U65920MH1983PTC031612
|
VIRSUN
INVESTMENTS PVT LTD |
Director |
14/12/2001 |
14/12/2001 |
- |
Active |
NO |
|
9 |
U65920MH1983PTC031611
|
MASUMA
INVESTMENTS PVT LTD |
Director |
14/12/2001 |
14/12/2001 |
- |
Active |
NO |
|
10 |
U51900MH1995PLC087924
|
SUN TAN TRADING
COMPANY LIMITED |
Director |
12/04/2004 |
12/04/2004 |
- |
Active |
NO |
|
11 |
U51220MH2000PTC129864
|
GOURMET
LOGISTICS PRIVATE LIMITED |
Director |
10/03/2006 |
10/03/2006 |
21/06/2010 |
Active |
NO |
|
12 |
U74999MH2004PTC175698
|
JSM CORPORATION
PRIVATE LIMITED |
Director |
29/09/2007 |
12/06/2007 |
- |
Active |
NO |
|
13 |
U74140MH2004PTC175689
|
H R CAFE INDIA
PRIVATE LIMITED |
Director |
29/09/2007 |
24/08/2007 |
- |
Amalgamated |
NO |
|
14 |
U41000MH2010PLC208418
|
ENVIRONMENTAL
PURIFIERS LIMITED |
Director |
29/09/2010 |
29/09/2010 |
07/12/2010 |
Active |
NO |
|
|
|
|
Name : |
Mr. John Pomeroy Thacher |
|
Designation : |
Director |
|
Address : |
2482/ Spring Mountain Road, St. Helen, California-94574, |
|
Date of Birth/Age : |
01.10.1954 |
|
Date of Appointment : |
11.02.2008 |
|
DIN No.: |
02353500 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U24110MH1999PTC119904
|
CONNELL BROS
COMPANY (INDIA) PRIVATE LIMITED |
Director |
11/02/2008 |
11/02/2008 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Nandish Tanil Kilachand |
|
Designation : |
Director |
|
Address : |
95, Nepean Sea Road, Malabar Hill, Kilachand House, Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
23.07.1972 |
|
Date of Appointment : |
18.05.1999 |
|
DIN No.: |
00005530 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U32109MH1993PTC072980
|
CAPUCHIM ELECTRONICS
PRIVATE LIMITED |
Director |
15/02/1994 |
15/02/1994 |
- |
Dissolved |
NO |
|
2 |
U24110MH1999PTC119904
|
CONNELL BROS
COMPANY (INDIA) PRIVATE LIMITED |
Director |
18/05/1999 |
18/05/1999 |
- |
Active |
NO |
|
3 |
U17110MH1950PLC007979
|
GINNERS AND
PRESSERS LIMITED |
Director |
03/06/1999 |
03/06/1999 |
- |
Active |
NO |
|
4 |
U51900MH1994PTC078663
|
RASAYANI TRADERS
PRIVATE LIMITED |
Director |
30/08/1999 |
30/08/1999 |
- |
Active |
NO |
|
5 |
U51900MH1995PLC087924
|
SUN TAN TRADING
COMPANY LIMITED |
Director |
31/08/1999 |
31/08/1999 |
- |
Active |
NO |
|
6 |
U65920MH1983PTC031612
|
VIRSUN
INVESTMENTS PVT LTD |
Director |
14/12/2001 |
14/12/2001 |
- |
Active |
NO |
|
7 |
U65920MH1983PTC031611
|
MASUMA
INVESTMENTS PVT LTD |
Director |
14/12/2001 |
14/12/2001 |
- |
Active |
NO |
|
8 |
U65920MH1983PTC031628
|
RO-AN
INVESTMENTS PRIVATE LIMITED |
Director |
14/12/2001 |
14/12/2001 |
- |
Dissolved |
NO |
|
9 |
U15100MH1947PTC005588
|
TULSI GLOBAL
LOGISTICS PRIVATE LIMITED |
Director |
20/12/2002 |
20/12/2002 |
15/06/2010 |
Active |
NO |
|
10 |
U41000MH2010PLC208418
|
ENVIRONMENTAL
PURIFIERS LIMITED |
Director |
29/09/2010 |
29/09/2010 |
07/12/2010 |
Active |
NO |
|
11 |
L24100MH1955PLC009663
|
POLYCHEM LIMITED
|
Director |
17/09/2012 |
27/07/2012 |
- |
Active |
NO |
|
|
|
|
Name : |
Jeffrey Francis Streblow |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
5137, Commbsville Road, California, USA – 94558 |
|
Date of Birth/Age : |
04.06.1959 |
|
Date of Appointment : |
17.05.2009 |
|
DIN No.: |
02682288 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U24110MH1999PTC119904
|
CONNELL BROS COMPANY
(INDIA) PRIVATE LIMITED |
Director
appointed in casual vacancy |
17/05/2009 |
17/05/2009 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Yogesh Shivraj Mathur |
|
Designation : |
Whole-Time Director |
|
Address : |
13- Padam-1, 4B, Peddar Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
22.11.1950 |
|
Date of Appointment : |
10.05.2011 |
|
DIN No.: |
01059977 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15549PN1995PTC014548
|
LOKRANJAN
BREWERIES PRIVATE LIMITED |
Director
|
03/12/1996
|
03/12/1996
|
- |
Active
|
NO |
|
2 |
U65990MH1983PTC031629
|
SHAJA
INVESTMENTS PVT LTD |
Director
|
20/12/2002
|
20/12/2002
|
- |
Active
|
NO |
|
3 |
U24110MH1999PTC119904
|
CONNELL
BROS COMPANY (INDIA) PRIVATE LIMITED |
Whole-time
director |
10/05/2011
|
10/05/2011
|
- |
Active
|
NO |
|
|
|
|
Name : |
Eugene Scott James Allan Graddy |
|
Designation : |
Additional director |
|
Address : |
11, Ardmore PK, #13-01, Ardmore PK, Singapore – 259957 |
|
Date of Birth/Age : |
23.05.1961 |
|
Date of Appointment : |
10.05.2011 |
|
DIN No.: |
03583392 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U24110MH1999PTC119904
|
CONNELL BROS COMPANY
(INDIA) PRIVATE LIMITED |
Director |
25/05/2011 |
10/05/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS
AS ON 25.05.2011
|
Names of Shareholders |
|
No. of Shares |
|
Rasayani Traders Private Limited, India |
|
269500 |
|
Wilbur Ellis Company, USA |
|
269500 |
|
Total
|
|
539000 |
As on 25.05.2011
|
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] |
|
50.00 |
|
Bodies
corporate |
|
50.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Chemicals. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management |
|||||||||
|
|
|
|||||||||
|
Bankers : |
v ABN Amro Bank N.V., 7th Floor, Sakhar Bhavan, Nariman Road, Mumbai – 400 021, Maharashtra, India v Royal
Bank of Scotland, Fort, Mumbai, Maharashtra, India v ABN
Amro Bank N.V., 14, Veer airman Road, Mumbai – 400 023, Maharashtra, India |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lovelock and Lewes Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar, Mumbai – 400 028,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFL5878L |
|
|
|
|
Subsidiaries : |
Connell Bros Company Bangladesh (Private) Limited |
CAPITAL STRUCTURE
As on 31.12.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
800000 |
Equity Shares |
Rs.100/- each |
Rs.80.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
539000 |
Equity Shares |
Rs.100/- each |
Rs.53.900 millions |
|
|
|
|
|
Note:
Of the above Equity Shares:
362600 Equity Shares of Rs.100 each issued as fully
paid-up Bonus Shares by capitalisation of Securities Premium Account and Profit
and Loss Account.
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 |
53.900 |
53.900 |
53.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
189.902 |
134.392 |
117.685 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
243.802 |
188.292 |
171.585 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
45.000 |
21.000 |
69.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
45.000 |
21.000 |
69.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
288.802 |
209.292 |
240.585 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
43.575 |
42.703 |
44.123 |
|
|
Capital work-in-progress |
0.284 |
0.000 |
0.269 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.700 |
0.700 |
0.700 |
|
|
DEFERREX TAX ASSETS |
5.969 |
6.245 |
5.387 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
212.954
|
127.624
|
133.754
|
|
|
Sundry Debtors |
220.002
|
176.928
|
140.495
|
|
|
Cash & Bank Balances |
98.338
|
78.244
|
38.054
|
|
|
Other Current Assets |
0.968
|
1.075
|
0.861
|
|
|
Loans & Advances |
19.335
|
16.692
|
12.142
|
|
Total
Current Assets |
551.597
|
400.563
|
325.306
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
199.828
|
147.170 |
88.352 |
|
|
Current Liabilities |
43.960 |
23.752
|
9.012
|
|
|
Provisions |
69.535
|
69.997
|
37.836
|
|
Total
Current Liabilities |
313.323
|
240.919
|
135.200
|
|
|
Net Current Assets |
238.274
|
159.644
|
190.106
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
288.802 |
209.292 |
240.585 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operations |
1278.390 |
1014.570 |
835.220 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
196.620 |
145.670 |
119.730 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
2.630 |
6.550 |
11.090 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
193.990 |
139.120 |
108.640 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.340 |
6.330 |
6.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
187.650 |
132.790 |
102.480 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
62.610 |
46.090 |
36.390 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
125.040 |
86.700 |
66.090 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
101.690 |
93.680 |
72.330 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend on Equity Shares |
59.820 |
59.820 |
32.340 |
|
|
|
Tax on Dividend on Equity Shares |
9.710 |
10.170 |
5.500 |
|
|
|
Transfer to General Reserve |
12.600 |
8.700 |
6.900 |
|
|
BALANCE CARRIED
TO THE B/S |
144.600 |
101.690 |
93.680 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
107.020 |
75.690 |
87.870 |
|
|
TOTAL EARNINGS |
107.020 |
75.690 |
87.870 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
231.99 |
160.86 |
122.62 |
|
%20PRIVATE%20LIMITED%20-%20215846%2005-Apr-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
14.68
|
13.09 |
12.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
31.53 |
29.96 |
27.74
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.77 |
0.70 |
0.60
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.18 |
0.11 |
0.40
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76 |
1.66 |
2.41
|
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 |
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 |
Yes |
|
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 |
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 |
No |
|
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 |
FINANCIAL
RESULTS
In the year of operations ended on 31st December 2010,
the Company has made a Profit before Tax of INR 187.650 millions. In view of
satisfactory operations of the Company, Directors are recommend a dividend of
INR 111/- (Previous year - INR 111/-) per Equity share of Rs.100/- each
amounting to INR 59.829 millions (Previous year - INR 59.829 millions).
Trading Business
Sales of Traded Goods during the year ended 31st December 2010 was INR 776.020 millions consisting INR 727.240 millions of domestic sale and INR 48.780 millions of export sale compared to INR 599.000 millions consisting of INR 561.650 millions of domestic sale and INR 37.350 millions of export sale during the previous year.
Agency / Indenting Business
Total value of goods indented for direct delivery to customers during the year was INR 244.760 millions compared to INR 230.990 millions during the previous year and Commission earned during the year was INR 26.080 millions compared to INR 23.850 millions during the previous year. The indenting business covers import as well as export of specialty chemicals.
Manufacturing Operations
Sales of Manufactured Goods during the year ended 31st December 2010 were INR 476.290 millions compared to INR 391.710 millions during the previous year.
Subsidiary Company
The sale of Traded Goods during the year ended 31st December 2010 was Taka 24.130 millions (INR 16.000 millions) compared to Taka 22.160 millions (INR 15.460 millions) during the previous year. The pre-tax loss was Taka 0.290 million (INR 0.200 million) for the year 2010 as compared to pre-tax loss of Taka 1.970 millions (INR 1.420 millions) for the year 2009.
Finance
During the year the Company has obtained maximum loan of INR 60.000 millions as compared to maximum loan of 69.000 millions during the previous year under overall credit facilities from The Royal Bank of Scotland N.V. (formerly ABN Arnro Bank N.V.).
FIXED ASSETS:
Intangible Assets
v Software
Tangible Assets
v Leasehold
Improvements
v Plant and
Machinery
v Laboratory
Equipments
v Office Equipments
v Furniture and
Fixtures
v Computers
v Vehicles
WEBSITE DETAILS:
NEWS:
CONNELL BROTHERS EXPANDS STORAGE
CAPABILITIES IN INDIA WITH NEW WAREHOUSE
New facility offers
compliance-friendly storage for regulated ingredients and safe work environment
for employees
MUMBAI – July 30, 2012 – Connell Brothers, the largest marketer and distributor of specialty chemicals and industrial ingredients in Asia-Pacific, has opened a 20,000 square-foot warehouse near Mumbai. Utilizing safety and security systems and handling equipment to help meet expanding regulations, the warehouse properly stores food, pharmaceutical and personal care ingredients in temperature-controlled compartments. The warehouse also houses separate storage for industrial ingredients.
The new warehouse is part of an expansion strategy to support growing supplier
needs and reach new customers in local markets across Asia-Pacific. Connell
Brothers employs 88 people in India with offices in Mumbai and Delhi, serving
the rapidly growing business in this dynamic market. Beyond India, Connell
Brothers operates an extensive network across the Asia-Pacific with a total of
37 offices across 17 countries in the region.
The warehouse is located at the Sai Dhara complex at Bhivandi.
About Connell
Brothers
Connell Brothers is a division of Wilbur-Ellis Company and is the largest marketer and distributor of specialty chemicals and industrial ingredients in Asia-Pacific. With over 100 years in Asia and a keen focus on technical service, customer support and quality control, Connell Brothers provides complete supply chain management from transportation, documentation, warehousing, and sales and distribution in 17 countries and in 37 offices located throughout Asia-Pacific.
CONNELL
BROTHERS INVESTS IN THREE NEW FACILITIES IN ASIA-PACIFIC
Specialty chemicals distribution company supports technical service needs of suppliers and customers through infrastructure investments
SINGAPORE – July 30, 2012 – Connell Brothers, the largest marketer and distributor of specialty chemicals and industrial ingredients in Asia-Pacific, has increased its infrastructure and facility investments over the last several months across the region to support the growth of its supplier and customer base in coatings & inks and other industrial markets, and its regulated businesses in food, pharmaceutical, and personal care ingredients.
These investments include:
- 20,000 square-foot storage warehouse
located in Mumbai
- The new warehouse utilizes new equipment to help meet ever- increasing regulations for food, pharmaceutical and personal care products (i.e. segregated storage areas). The facility also meets compliance requirements in India, and provides employees with a safe work environment.
- Food ingredient application facility located in Sydney
- Connell Brothers’ food technicians can now assist customers in the formulation and development of finished products that address market challenges or meet new market trends. Connell Brothers is fully committed to the food ingredient distribution business and the company is confident that these new technical and commercial support services will be of great value to their suppliers and customers.
- Coatings lab located in Bangkok
- Connell Brothers established a coatings lab to provide enhanced technical support for paint formulation development. This high- service approach offers lab testing for their local customers’ products, which shortens the time-to-market for these products.
"We want our suppliers and customers to know that we are committed to
Asia-Pacific distribution, and that we add value to their businesses,” said Ted
Eliot, president, Connell Brothers. “Connell Brothers has had record
growth in the last several years in all business segments, and these new
facility investments will help us keep up with our current and growing supplier
and customer base.”
Connell Brothers operates an extensive network across the Asia-Pacific with a
total of 37 offices across 17 countries in the region, offering local
expertise, local and global relationships, and comprehensive services including
supply chain management, marketing and distribution, documentation and
warehousing, and regulations support.
Connell Brothers was recently named in the ICIS
Top 100 distributors list in July 2012.
CONNELL
BROTHERS NAMED TOP CHEMICAL DISTRIBUTOR BY ICIS CHEMICAL BUSINESS
Based on its 2011
sales, Connell Brothers was ranked
second in Asia and tenth globally in chemical distribution
SAN FRANCISCO — July 30, 2012 — Connell Brothers, a division of Wilbur-Ellis Company and the largest marketer and distributor of specialty chemicals and industrial ingredients in Asia-Pacific, was named by ICIS Chemical Business magazine as one of its Top 100 Chemical Distributors.
"We are pleased to once again introduce the ICIS Top 100 Chemical Distributors - a global listing of companies critical to the chemical supply chain. We had a record number of entries this year and we also break out sales by geographic region," said ICIS Chemical Business Global Editor Joseph Chang.
In addition to the global ranking, ICIS broke out regional leaders separately for North America, Europe, Asia, Latin America, Middle East, and Africa. Connell Brothers ranked second in Asia and tenth globally based on its 2011 sales of $815 million. The company remains the largest specialty chemicals distributor in Asia-Pacific to date.
“Connell Brothers is pleased to be recognized by ICIS Chemical Business as a leading distributor,” said Ted Eliot, president of Connell Brothers. “This recognition is evidence of our dedication to providing quality service and solutions to meet our customers’ needs, our growth as a global company in Asia-Pacific, and our core principles of integrity and commitment.”
Connell Brothers
operates an extensive network across the Asia-Pacific with a total of 37
offices across 17 countries in the region, offering local expertise, local and
global relationships, and comprehensive services including supply chain
management, marketing and distribution, documentation and warehousing, and
regulations support.
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 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.54.64 |
|
|
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.08 |
INFORMATION DETAILS
|
Report Prepared by
: |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.