|
Report Date : |
14.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
KIRAN GLOBAL CHEMS LIMITED (w.e.f.24.03.2008) |
|
|
|
|
Formerly Known
As : |
KIRAN PONDY CHEM LIMITED (w.e.f.06.04.2000) PONDY CHEM LIMITED |
|
|
|
|
Registered
Office : |
R.S.No.37,Nagore
Road, T. R. Pattinam, District Karaikal, Nagore Post, Malavanjee, Pondicherry
– 611002, Tamilnadu, India |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.04.2002 |
|
|
|
|
Com. Reg. No.: |
59-000618 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 59.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24299PY2002PTC000618 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEK06405A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK4882E |
|
|
|
|
Legal Form : |
A Closely Held
Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing,
Trading And Exporter Of Sodium Silicate, Sodium |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
The management have failed to file its latest financial with the government
department. As per previous, the company performance capacity seems good.
Financially appears to be strong. Trade relations are reported to be fair.
Business is active. Payments are reported to be usually correct and as per
commitment. The company can be considered for normal business dealing 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, 2012
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
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.
EXTERNAL AGENCY RATING
ICRA Rating as on May 2012 The ICRA has withdraw the (ICRA) BBB- rating
on the request of the company.
LOCATIONS
|
Registered Office : |
R.S.No.37,Nagore
Road, T R Pattinam, District Karaikal, Nagore Post, Malavanjee, Pondicherry –
611002, Tamilnadu, India |
|
Tel. No.: |
91-4365-256357 / 256210 / 256478 |
|
Fax No.: |
91-4365-256395 |
|
E-Mail : |
|
|
Website. |
|
|
|
|
|
Corporate Office : |
New No.42, Old No.81, New Avadi Road, Kilpauk, Chennai – 600010, Tamilnadu, India |
|
Tel. No.: |
91-44-26441232 / 26454310 / 4312 |
|
Fax No.: |
91-44- 26446303 |
|
E-Mail : |
|
|
|
|
|
Branches : |
Located At :
|
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Manmohan Singh Jain |
|
Designation : |
Director |
|
Address : |
AH -216, 2nd ST, 8th Main Road, Shanthi Colony,
Anna Nagar, Chennai – 600 040, Tamilnadu, India |
|
Date of Birth/Age : |
08.05.1949 |
|
Date of Appointment : |
09.04.2002 |
|
DIN No.: |
00004020 |
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 |
U51102TN1998PLC039912 |
MSJ
TRADES IMPEX LIMITED |
Director |
11-01-99 |
11-01-99 |
- |
Active |
NO |
|
2 |
U24232TN2000PLC045909 |
KIRAN
NEWGEN ENTERPRISES LIMITED |
Director |
16-10-00 |
16-10-00 |
- |
Active |
NO |
|
3 |
U24299PY2002PLC000618 |
KIRAN
GLOBAL CHEMS LIMITED |
Director |
09-04-02 |
09-04-02 |
- |
Active |
NO |
|
4 |
U14102PY1986PTC000448 |
RAJ
GRANITES PRIVATE LIMITED |
Director |
27-02-03 |
27-02-03 |
- |
Strike
off |
NO |
|
5 |
U51399TN2001PLC047211 |
M.S.J.
CHEMICALS WORLDWIDE LIMITED |
Director |
10-08-04 |
10-08-04 |
- |
Active |
NO |
|
6 |
U24111TN1985PTC012418 |
MANMOHAN
HOMES PRIVATE LIMITED |
Director |
15-01-07 |
15-01-07 |
- |
Active |
NO |
|
7 |
U24110AP1986PLC006168 |
KIRAN
GLOBAL AQUA TREATMENT LIMITED |
Director |
23-07-07 |
23-07-07 |
- |
Active |
NO |
|
8 |
U61100TN2010PLC074438 |
KIRAN
GLOBAL SHIPPING LIMITED |
Director |
01-02-10 |
01-02-10 |
- |
Active |
NO |
|
9 |
U65921TN1993PLC024511 |
GROWELL
BUSINESS CREDITS LIMITED |
Director |
30-03-11 |
30-03-11 |
- |
Active |
NO |
|
10 |
U01122CH2011PTC033279 |
GLOBAL
HORTICULTURE PRIVATE LIMITED |
Director |
26-09-11 |
26-09-11 |
29-11-11 |
Active |
NO |
|
11 |
U24100TN2012PLC085681 |
ALLIED
SILICA LIMITED |
Director |
01-05-12 |
01-05-12 |
- |
Active |
NO |
|
12 |
AAA-1285 |
MS
JAIN ENTERPRISE LLP |
Designated
Partner |
04-05-10 |
04-05-10 |
- |
Active |
NO |
|
13 |
AAA-1792 |
EDEN
GARDEN ENTERPRISES LLP |
Designated
Partner |
14-07-10 |
14-07-10 |
- |
Active |
NO |
|
14 |
AAA-1285 |
MS
JAIN ENTERPRISE LLP |
Designated
Partner |
04-05-10 |
04-05-10 |
- |
Active |
NO |
|
15 |
AAA-1792 |
EDEN
GARDEN ENTERPRISES LLP |
Designated
Partner |
14-07-10 |
14-07-10 |
- |
Active |
NO |
|
Name : |
Mr. Rufus
Fernando |
|
Designation : |
Executive
Director |
|
Address : |
No.81 New Avadi Road Kilpauk, Chennai -600 040, Tamilnadu, India |
|
Date of Birth/Age : |
27.07.1962 |
|
Date of Appointment : |
09.04.2002 |
|
DIN No.: |
00004027 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24119PY1987PTC000496 |
AADITHYA
CHEMICALS PRIVATE LIMITED |
Director |
01-09-94 |
01-09-94 |
Amalgamated |
NO |
|
2 |
U24246TN1997PTC038769 |
SAGAR
CHEMICALS(INDIA) PRIVATE LIMITED |
Director |
29-11-97 |
29-11-97 |
Amalgamated |
NO |
|
3 |
U51102TN1998PLC039912 |
MSJ
TRADES IMPEX LIMITED |
Director |
13-02-98 |
13-02-98 |
Active |
NO |
|
4 |
U24246TN1997PTC038771 |
VIJAY
DETERGENT PRODUCTS PRIVATE LIMITED |
Director |
14-08-98 |
14-08-98 |
Amalgamated |
NO |
|
5 |
U24299PY2002PLC000618 |
KIRAN
GLOBAL CHEMS LIMITED |
Director |
09-04-02 |
09-04-02 |
Active |
NO |
|
6 |
U24117TN1997PTC039162 |
PEARL
SILICON PRODUCTS PRIVATE LIMITED |
Director |
01-08-06 |
01-08-06 |
Active |
NO |
|
7 |
U61100TN2010PLC074438 |
KIRAN
GLOBAL SHIPPING LIMITED |
Director |
01-02-10 |
01-02-10 |
Active |
NO |
|
8 |
U65921TN1993PLC024511 |
GROWELL
BUSINESS CREDITS LIMITED |
Director |
30-03-11 |
30-03-11 |
Active |
NO |
|
9 |
U24100TN2012PLC085681 |
ALLIED
SILICA LIMITED |
Director |
01-05-12 |
01-05-12 |
Active |
NO |
|
Name : |
Mr. Aatul Jain |
|
Designation : |
Director |
|
Address : |
AH -216, 2nd ST, 8th Main Road, Shanthi Colony,
Anna Nagar, Chennai – 600 040, Tamilnadu, India |
|
Date of Birth/Age : |
25.08.1979 |
|
Date of Appointment : |
20.12.2002 |
|
DIN No.: |
00005584 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24110AP1986PTC006167 |
INVINCIBLE
CHEMICALS PRIVATE LIMITED |
Director |
20-06-02 |
20-06-02 |
Active |
NO |
|
2 |
U51399TN2001PLC047211 |
M.S.J.
CHEMICALS WORLDWIDE LIMITED |
Director |
20-07-02 |
20-07-02 |
Active |
NO |
|
3 |
U51102TN1998PLC039912 |
MSJ
TRADES IMPEX LIMITED |
Director |
20-07-02 |
20-07-02 |
Active |
NO |
|
4 |
U24246TN1997PTC038770 |
CHENNAI
SILICATE PRODUCTS PRIVATE LIMITED |
Director |
20-07-02 |
20-07-02 |
Active |
NO |
|
5 |
U24246TN1997PTC038767 |
ATUL
SILICATES PRIVATE LIMITED |
Director |
20-07-02 |
20-07-02 |
Active |
NO |
|
6 |
U24110AP1986PTC006171 |
MEGNA
SILICATES PRIVATE LIMITED |
Director |
20-07-02 |
20-07-02 |
Active |
NO |
|
7 |
U24294TN1989PTC017040 |
NUVODAYA
CHEMICALS PRIVATE LIMITED |
Director |
20-08-02 |
20-08-02 |
Amalgamated |
NO |
|
8 |
U24232TN2000PLC045909 |
KIRAN
NEWGEN ENTERPRISES LIMITED |
Director |
20-08-02 |
20-08-02 |
Active |
NO |
|
9 |
U24299PY2002PLC000618 |
KIRAN
GLOBAL CHEMS LIMITED |
Director |
20-12-02 |
20-12-02 |
Active |
NO |
|
10 |
U27104TN1998PTC040082 |
MSJ
GLOBAL CARBON PRIVATE LIMITED |
Director |
26-12-02 |
26-12-02 |
Active |
NO |
|
11 |
U24246TN1997PTC038771 |
VIJAY
DETERGENT PRODUCTS PRIVATE LIMITED |
Director |
20-01-03 |
20-01-03 |
Amalgamated |
NO |
|
12 |
U14299TZ1984PTC001496 |
UNITED
SILICATE INDUSTRIES PRIVATE LIMITED |
Director |
01-06-04 |
01-06-04 |
Active |
NO |
|
13 |
U61100TN2010PLC074438 |
KIRAN
GLOBAL SHIPPING LIMITED |
Director |
01-02-10 |
01-02-10 |
Active |
NO |
|
14 |
U65921TN1993PLC024511 |
GROWELL
BUSINESS CREDITS LIMITED |
Director |
30-03-11 |
30-03-11 |
Active |
NO |
|
15 |
U24100TN2012PLC085681 |
ALLIED
SILICA LIMITED |
Director |
01-05-12 |
01-05-12 |
Active |
NO |
|
16 |
AAA-1285 |
MS
JAIN ENTERPRISE LLP |
Designated
Partner |
04-05-10 |
04-05-10 |
Active |
NO |
|
17 |
AAA-1792 |
EDEN
GARDEN ENTERPRISES LLP |
Designated
Partner |
14-07-10 |
14-07-10 |
Active |
NO |
|
18 |
AAA-1285 |
MS
JAIN ENTERPRISE LLP |
Designated
Partner |
04-05-10 |
04-05-10 |
Active |
NO |
|
19 |
AAA-1792 |
EDEN
GARDEN ENTERPRISES LLP |
Designated
Partner |
14-07-10 |
14-07-10 |
Active |
NO |
|
Name : |
Mr. Premkumar K G |
|
Designation : |
Director |
|
Address : |
No.65, Seventy Feet Road, Jawahar Nagar, Chennai – 600 082, Tamilnadu,
India |
|
Date of Birth/Age : |
09.02.1952 |
|
Date of Appointment : |
20.06.2005 |
|
DIN No.: |
00004161 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999TN1997PTC038616 |
VALLABH
SILICATES PRIVATE LIMITED |
Director |
22-04-02 |
22-04-02 |
Active |
NO |
|
2 |
U24294TN1988PTC016661 |
NANNILAM
SILICATE PRIVATE LIMITED |
Director |
22-04-02 |
22-04-02 |
Active |
NO |
|
3 |
U24294TN1988PTC016660 |
EZHIL
CHEMICAL PRIVATE LIMITED |
Director |
22-04-02 |
22-04-02 |
Active |
NO |
|
4 |
U24294TN1989PTC016774 |
PAVAN
SILICATES PRIVATE LIMITED |
Director |
21-02-03 |
21-02-03 |
Active |
NO |
|
5 |
U24230TN1985PTC012150 |
DEVI
SILICATES PRIVATE LIMITED |
Director |
05-08-03 |
05-08-03 |
Amalgamated |
NO |
|
6 |
U24110AP1986PTC006169 |
SUPER
SILICATES PRIVATE LIMITED |
Director |
11-07-04 |
11-07-04 |
Active |
NO |
|
7 |
U74999TN1997PTC038619 |
KIRAN
CHEMFARM PRIVATE LIMITED |
Director |
11-07-04 |
11-07-04 |
Amalgamated |
NO |
|
8 |
U24246TN1985PTC012416 |
KIRAN
SILICATES PRIVATE LIMITED |
Director |
15-04-05 |
15-04-05 |
Active |
NO |
|
9 |
U24299PY2002PLC000618 |
KIRAN
GLOBAL CHEMS LIMITED |
Director |
20-06-05 |
20-06-05 |
Active |
NO |
|
10 |
U14102PY1986PTC000448 |
RAJ
GRANITES PRIVATE LIMITED |
Director |
05-01-06 |
05-01-06 |
Strike
off |
NO |
|
11 |
U24117TN1997PTC039292 |
MAGNUM
OILS AND CHEMICALS PRIVATE LIMITED |
Director |
01-08-06 |
01-08-06 |
Strike
off |
NO |
|
12 |
U24294TN1988PTC016627 |
ANDAVAR
SILICATE PRIVATE LIMITED |
Director |
01-08-06 |
01-08-06 |
Active |
NO |
|
13 |
U24110AP1986PLC006168 |
KIRAN
GLOBAL AQUA TREATMENT LIMITED |
Director |
01-08-06 |
01-08-06 |
Active |
NO |
|
14 |
U24110AP1986PTC006167 |
INVINCIBLE
CHEMICALS PVT LTD |
Director |
20-06-07 |
20-06-07 |
Active |
NO |
|
15 |
U24294TN1989PTC017040 |
NUVODAYA
CHEMICALS PRIVATE LIMITED |
Director |
20-06-07 |
20-06-07 |
Amalgamated |
NO |
|
16 |
U24111TN1980PTC008284 |
KIRAN
CHEMICALS PRIVATE LIMITED |
Director |
20-06-07 |
20-06-07 |
Amalgamated |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
M S Jain |
38360 |
|
Aatul Jain |
13760 |
|
C Rufus Fernando |
440 |
|
Rasheed |
438 |
|
Anil Seth |
2 |
|
Neha Jain |
2000 |
|
Advitya Jain |
2000 |
|
Rishabh Jain |
2000 |
|
TOTAL |
59000 |
AS ON 26.03.2012
|
Names of Allottees |
No. of Shares |
|
M S Jain |
12500 |
|
Aatul Jain |
37500 |
|
Rayaansh Jain |
5000 |
|
Advitya Jain |
3000 |
|
Rishabh Jain |
3000 |
|
TOTAL |
61000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Trading
And Exporter Of Sodium Silicate, Sodium |
|
|
|
|
Products : |
·
Sodium
Silicate ·
Sodium
·
Potassium
Silicate ·
Labsa
and Quicl Line ·
Sodium
Bicarbonate ·
Titanium
– DI- Oxide ·
Sodium
Tripoly Phosphate ·
Paraffin
Wax ·
Soda
Ash ·
Epichlorohydrin ·
Sodium
Sulphate ·
Citric
Acid |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
HDFC
Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai – 400013 ·
Axis Bank
Limited, Corporate Banking Branch, Karumuthu Nilayam, No.192, Anna Salai,
Chennai-600002, Tamilnadu, India ·
Centurion
Bank Limited, Durga Niwas, Mahatma Gandhi Road, Panaji-400001, Goa, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
VS Reddy S. P. Associates Chartered Accountant |
|
Address : |
The Regency, No.5, 1st Lane, Ground Floor, Nungambakkam,
Chennai-600034, Tamilnadu, India |
|
Tel. No.: |
91-44-28256315 / 28256241 |
|
Fax No.: |
91-44-28255496 |
|
Pan No.: |
AADFV8995J |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
Rs.1000/- each |
Rs. 60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59000 |
Equity Shares |
Rs.1000/-
each |
Rs. 59.000
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000 |
Equity Shares |
Rs.1000/- each |
Rs. 120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000 |
Equity Shares |
Rs.1000/- each |
Rs. 120.000 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 |
59.000 |
44.000 |
44.000 |
|
|
2] Share Application Money |
30.001 |
32.601 |
0.000 |
|
|
3] Reserves & Surplus |
292.334 |
209.784 |
166.390 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
381.335 |
286.385 |
210.390 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
727.559 |
488.879 |
313.181 |
|
|
2] Unsecured Loans |
24.000 |
20.000 |
18.797 |
|
|
TOTAL BORROWING |
751.559 |
508.879 |
331.978 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.539 |
2.959 |
|
|
|
|
|
|
|
|
TOTAL |
1132.894 |
795.803 |
545.327 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
348.671 |
230.832 |
160.681 |
|
|
Capital work-in-progress |
38.482 |
43.277 |
20.192 |
|
|
|
|
|
|
|
|
INVESTMENT |
36.139 |
30.134 |
9.113 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
570.653
|
356.106 |
259.533
|
|
|
Sundry Debtors |
412.247
|
275.670 |
141.074
|
|
|
Cash & Bank Balances |
84.922
|
91.013 |
16.833
|
|
|
Other Current Assets |
0.000
|
0.000 |
58.292
|
|
|
Loans & Advances |
124.917
|
40.500 |
35.455
|
|
Total
Current Assets |
1192.739
|
763.289 |
511.187 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
405.834
|
241.911 |
129.866
|
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000
|
|
|
Provisions |
77.303
|
29.818 |
25.980
|
|
Total
Current Liabilities |
483.137
|
271.729 |
155.846 |
|
|
Net Current Assets |
709.602
|
491.560 |
355.341
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1132.894 |
795.803 |
545.327 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2595.196 |
1805.566 |
1219.920 |
|
|
|
Other Income |
32.278 |
17.384 |
4.153 |
|
|
|
TOTAL (A) |
2627.474 |
1822.950 |
1224.073 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
2203.337 |
1517.008 |
0.000 |
|
|
|
Manufacturing service costs |
73.422 |
47.308 |
1056.671 |
|
|
|
Contract cost |
16.457 |
45.102 |
42.533 |
|
|
|
Employees related expenses |
27.107 |
9.904 |
6.069 |
|
|
|
Administrative, selling and other expenses |
20.087 |
27.032 |
13.984 |
|
|
|
Donation |
0.000 |
0.000 |
2.185 |
|
|
|
Loss on sale of fixed assets |
0.000 |
0.000 |
0.149 |
|
|
|
Managerial Remuneration |
0.000 |
0.000 |
2.230 |
|
|
|
Repairs and Maintenance |
0.000 |
0.000 |
2.025 |
|
|
|
Increase / (Decrease) in Stock |
0.000 |
0.000 |
(41.323) |
|
|
|
TOTAL (B) |
2340.410 |
1646.354 |
1084.523 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
287.064 |
176.596 |
139.550 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
116.925 |
64.372 |
48.123 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
170.139 |
112.224 |
91.427 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
45.705 |
47.073 |
30.710 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
124.434 |
65.151 |
60.717 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
41.884 |
21.757 |
21.335 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
82.550 |
43.394 |
39.382 |
|
|
|
|
|
|
|
|
|
Add |
Provision no
longer required |
0.000 |
0.000 |
6.404 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
209.784 |
166.390 |
120.604 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
292.334 |
209.784 |
166.390 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
308.162 |
380.704 |
NA |
|
|
TOTAL EARNINGS |
308.162 |
380.704 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
855.677 |
665.433 |
NA |
|
|
TOTAL IMPORTS |
855.677 |
665.433 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1399.15 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.14
|
2.38 |
3.22 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.79
|
3.61 |
4.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.07
|
6.55 |
11.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.23 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.24
|
2.73 |
2.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.47
|
2.81 |
3.28 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
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 |
No |
|
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 |
Yes |
FORM 8
|
Corporate identity
number of the company |
U24299PY2002PLC000618 |
|
Name of the
company |
KIRAN GLOBAL
CHEMS LIMITED |
|
Address of the
registered office or of the principal place of business in |
R.S.No.37,Nagore Road, T R Pattinam, District Karaikal, Nagore Post, Malavanjee–611 002, Pondicherry, Tamilnadu, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10304270 |
|
Type of charge |
Immovable property
|
|
Particular of
charge holder |
Axis Bank Limited, Corporate Banking Branch, Karumuthu Nilayam, No.192, Anna Salai, Chennai-600002, Tamilnadu, India |
|
Nature of
instrument creating charge |
Equitable
Mortgage by way of Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
08.05.2012 |
|
Amount secured by
the charge |
Rs. 45.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest No Change in Existing
Terms and Conditions. Terms of repayment No Change in
Existing Terms and Conditions. Margin No Change in
Existing Terms and Conditions. Extent and operation of the charge No Change in
Existing Terms and Conditions. Other No Change in Existing
Terms and Conditions. |
|
Short particulars
of the property charged (Including location of the property) |
Creation of
Equitable Mortgage by way of Deposit of Title Deeds of the Company Immovable
Properties over all that Piece and Parcel of Land in District Purba Medinipur
Property situated at JhiKurkhali Mouza - Total Land of Jhikurkhali Mouza 1.50
Acres. Creation of
Equitable Mortgage by way of Deposit of Title Deeds of the Company Immovable
Properties over Balasore and Kanpur Property |
|
Date of
instrument modifying the charge |
13.01.2012 |
|
Particulars of
the present modification |
By the Present
Modification, The Company Additionally Creating EM by way of Deposit of Title
Deeds of the Company Immovable Properties situated at District Purba Medinipur
Property situated at JhiKurkhali Mouza - Total Land of Jhikurkhali Mouza 1.50
Acres and Balasore and Kanpur Property to cover the Overall Limit of
Rs.45.000 Millions. All Other Terms
and Conditions remain the same. |
FIXED ASSETS:
WEBSITE DETAILS
CORPORATE PROFILE
M.S. JAIN GROUP a name to reckon with today was born with the
promise of an individual M S Jain, to excel in the work he did and today it is a
commitment, becoming a mission for the company. Established in 1979 as a small
scale manufacturing unit it has turned into a large, professionally managed,
conglomerate in the Chemical industry. Today the group has an international
presence with manufacturing facilities overseas, they also export and import
chemicals to and from several countries across the globe.
All
this is backed with an efficient network to ensure accessibility to customers,
has helped earn the status of a leading player in the chemical industry.
Subject
which started with the manufacture of a single product, Sodium Silicate for
making detergents has increased manufacturing quantities multifold through
several manufacturing units. The industrial usage in various applications has
also widened. The 3,00,000 tonnes mark has been touched making it the largest
manufacturers of Sodium Silicate in India and that has been achieved through
the network of 32 manufacturing units spread across India.
Subsequently,
the product range expanded to include other chemical intermediaries for
detergent manufacture. The industrial usage in various applications has also
widened. Versatile products were aggressively marketed leading to their usage
in several other industries - building construction, paper, foundries, paints,
ceramics, candles, textiles to name a few. The current installed capacities of
other products manufactured are 10,000 tonnes of LABSA and 25,000 tonnes of
Potassiun Silicate.
The
quality products manufactured by Subject are exported to several countries in
the world, besides catering to the domestic market. The company has a dedicated
in –house engineering team for fabrication and erection of plants and
machineries and technically trained personnel to ensure that only quality
products are supplied to customers. To support the above, the organization
operates with over 600 direct employees and 300 indirect employees.
Every
unit is fully functional with excellent infrastructure and laboratory
facilities.
All
energies of the group have been channelized into adopting a market driven
approach and all policies have been niche and territory oriented.
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. 54.54 |
|
|
1 |
Rs. 88.05 |
|
Euro |
1 |
Rs. 72.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
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 |
|
43 |
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.