MIRA INFORM REPORT
|
Report Date : |
14.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
OC SPECIALITIES PRIVATE LIMITED |
|
|
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Registered
Office : |
205, The Chambers, |
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Country : |
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|
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Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
19.01.2005 |
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|
|
|
Com. Reg. No.: |
11-150735 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.460
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
u24100mh2005ptc150735 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
mumo03562g |
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|
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PAN No.: [Permanent Account No.] |
aaaco7181p |
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|
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Legal Form : |
Private Limited Liability Company
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Line of Business
: |
Subject engaged in Trading and Manufacturing of Chemicals. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 237000 |
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|
|
|
Status : |
Satisfactory |
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|
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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 record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office : |
205, The Chambers, |
|
Tel. No.: |
91-22-28613688/ 40825200 |
|
Fax no.: |
91-22-40825253 |
|
E-Mail : |
contact@ocspl.com monukamdar@gmail.com |
|
Area : |
300 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Manish Mangilal Shah |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
B-1, Heaven, Opposite Meghalaya Flas, Naranpura, Ahmedabad
– 380 013, Gujarat, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.03.1976 |
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Date of Appointment : |
19.01.2005 |
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PAN No.: |
ACJPS9795H |
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DIN No.: |
00036482 |
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Other Directorship :
|
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Vikas Mangilal Shah |
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|
Designation : |
Director |
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|
Address : |
B-1, Heaven, Opposite Meghalaya Flas, Naranpura, Ahmedabad
– 380 013, Gujarat, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.10.1981 |
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|
Date of Appointment : |
19.01.2005 |
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PAN No.: |
ABOPM4799H |
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DIN No.: |
00036542 |
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Other Directorship :
|
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Name : |
Mr. Nitin Ganpati Kulkarni |
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|
Designation : |
Director |
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|
Address : |
204, Srishti Complex, Tara Tower, B Wing, Saki Vihar Road, Mumbai –
400 078, Maharashtra, India |
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|
Date of Birth/Age : |
09.06.1971 |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
03042587 |
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Other Directorship :
|
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|||||||||||||||||||||||||||
|
Name : |
Mr. Vinod Sadanand Mulgaoankar |
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|
Designation : |
Director |
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|
Address : |
103-A-Wing, Mithila Apartment, J.B. Nagar, Andheri Kurla Road, Andheri
(East), Mumbai – 400 059, Maharashtra, India |
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|
Date of Birth/Age : |
31.08.1947 |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
03042723 |
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Other Directorship :
|
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|
Name : |
Mr. Nirav Virendrabhai Mehta |
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Designation : |
Director |
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|
Address : |
28, Netra Bungalow, Near Sourabh Society, Opposite Nilkanth
– II, Drive in Road Mem Nagar, Ahmedabad – 380 013, Gujarat, India |
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|
Date of Birth/Age : |
26.02.1992 |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
03042627 |
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Other Directorship :
|
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Name : |
Mr. Pushpak M. Shah |
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|
Designation : |
Director |
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|
Address : |
27, Netra Bungalow, Near Mem Nagar Fire Station, Ahmedabad
– 380 013, Gujarat, India |
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|
Date of Birth/Age : |
12.04.1979 |
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Date of Appointment : |
19.01.2005 |
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PAN No.: |
ALWPS7666P |
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Virendra B. Shah |
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|
Designation : |
Director |
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|
Address : |
27, Netra Bungalow, Near Mem Nagar Fire Station, Ahmedabad
– 380 013, Gujarat, India |
|||||||||||||||||||||||||||
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Date of Birth/Age : |
14.04.1961 |
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Date of Appointment : |
19.01.2005 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Manish Mangilal Shah |
16000 |
|
Vikas Mangilal Shah |
2500 |
|
Pushpak M. Shah |
2500 |
|
Virendra Mehta |
25000 |
|
Ocean Chemicals, |
5 |
|
|
5 |
|
Total
|
46010 |
As on 10.05.2013
|
Names of Allottees |
No. of Shares |
|
Nitin Ganpati Kulkarni |
2500 |
|
Nirav Virendrabhai Mehta |
2500 |
|
Vikas Mangilal Shah |
5500 |
|
Pushpak M. Shah |
7000 |
|
Total
|
17500 |
As on 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
0.02 |
|
Directors or relatives of Directors |
99.98 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in Trading and Manufacturing of Chemicals. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
R.V. jain and Associates Chartered Accountants |
|
Address : |
E-203, Nilambuj, Kamal Aprtments, Shankar lane, Kandivali (West), Mumbai
– 400 067, |
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Tel. No.: |
91-22-28613688 |
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E-Mail : |
rvjain@rediffmail.com |
|
PAN No.: |
AAHFR6526R |
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
63510 |
Equity Shares |
Rs.10/- each |
Rs.0.635
Million |
|
|
|
|
|
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
46010 |
Equity Shares |
Rs.10/- each |
Rs.0.460
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.460 |
0.460 |
|
(b) Reserves & Surplus |
|
58.773 |
32.906 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) Long-term borrowings |
|
160.105 |
162.037 |
|
(b) Deferred tax liabilities (Net) |
|
0.723 |
0.345 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
Long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
232.257 |
167.989 |
|
(c)
Other current liabilities |
|
0.000 |
0.000 |
|
(d)
Short-term provisions |
|
17.100 |
7.900 |
|
TOTAL |
|
469.418 |
371.637 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
31.246 |
23.665 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
4.144 |
3.208 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
85.086 |
70.488 |
|
(c)
Trade receivables |
|
324.001 |
264.315 |
|
(d)
Cash and cash equivalents |
|
0.415 |
2.669 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f)
Other current assets |
|
24.526 |
7.292 |
|
TOTAL |
|
469.418 |
371.637 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.460 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
22.502 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
22.962 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
40.288 |
|
|
2] Unsecured Loans |
|
|
18.544 |
|
|
TOTAL BORROWING |
|
|
58.832 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
81.794 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
19.687 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.259 |
|
|
DEFERREX TAX ASSETS |
|
|
0.041 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
51.063
|
|
|
Sundry Debtors |
|
|
187.119
|
|
|
Cash & Bank Balances |
|
|
0.470
|
|
|
Other Current Assets |
|
|
4.655
|
|
|
Loans & Advances |
|
|
0.000
|
|
Total
Current Assets |
|
|
243.307 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
176.456
|
|
|
Other Current Liabilities |
|
|
1.344
|
|
|
Provisions |
|
|
4.700
|
|
Total
Current Liabilities |
|
|
182.500 |
|
|
Net Current Assets |
|
|
60.807
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
81.794 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
1276.422 |
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1276.422 |
932.406 |
465.554 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
1238.177 |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1238.177 |
916.575 |
457.099 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
38.245 |
15.831 |
8.455 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
12.378 |
5.427 |
2.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
25.867 |
10.404 |
5.655 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
26.786 |
16.382 |
10.659 |
|
|
|
|
|
|
|
|
|
|
CARRIED
TO BALANCE SHEET |
52.653 |
26.786 |
16.382 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
562.20 |
226.12 |
122.91 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.03 |
1.12
|
1.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.22 |
4.30
|
3.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.65 |
0.47
|
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.70 |
4.86
|
2.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74 |
1.96
|
1.33 |
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 |
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 |
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
77.967 |
47.045 |
|
Total
|
77.967 |
47.045 |
Note:
The Registered office of the company has been shifted from 6/C, Sai Vishwakarma Darshan, Shivaji Chowk, Koldongri, Opposite Apna Bazar, Vile Parle (East), Mumbai – 400 057, Maharashtra, India to present address w.e.f. 05.11.2010.
CORPORATE INFORMATION
The Company was
incorporated as a Private Limited Company under the Companies Act, 1956 on the
19th January 2005 vide CIN No. U24100MH2005PTC150735. The Company is
presently engaged in Trading and Manufacturing of Chemicals. The Company’s
Registered office and Principal place of business is situated at 205, Level 2,
The Chambers, Western Express Service Road, Vile Parle (East), Mumbai : 400057.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U24100MH2005PTC150735 |
|
Name of the
company |
OC SPECIALITIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
205, The Chambers, Western Express Highway, Vile Parle (East), Mumbai -
400 057, Maharashtra, India E-Mail: manish@ocspl.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10228758 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Standard Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot No.C-38 and
39, G Block, Bandra Krla Complex, Bandra (East), Mumbai – 400 051,
Maharashtra, India E-Mail: sme.for8@sc.com |
|
Nature of
instrument creating charge |
Memorandum of
Entry - Supplemental |
|
Date of
instrument Creating the charge |
27.06.2012 |
|
Amount secured by
the charge |
Rs.315.000
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 first and exclusive charge on the security given by the Company |
|
Short particulars
of the property charged (Including location of the property) |
First and
exclusive charge on 1)
Commercial
property located at Unit No.205, 2nd Floor, The Chambers, Plot No.108, 109,
Sant Janabhai Road, Western Express Highway, Vile Parle, Mumbai. 2)
Industrial
property Gala No.107, 1st Floor, Bldg No. 1, UNICO Industrial
Park, Vasai District Thane 401210. 3)
Commercial
property flat no. 6AB, Ground Floor, Sai Vishwa SRA CO-Operative Housing
Society Limited, Shivaji Chowk, Shahji Raje Marg, Vile Parle East, Mumbai
400057. |
|
Date of
instrument modifying the charge |
25.06.2012 |
|
Particulars of
the present modification |
The existing
charge amt of Rs.315.000 Millions is also now secured as First and exclusive
charge on 1)
Commercial
property located at Unit No.205, 2nd Floor, The Chambers, Plot
No.108, 109, Sant Janabhai Road, Western Express Highway, Vile Parle, Mumbai.
2)
Industrial
property Gala No.107, 1st Floor, Building No.1, UNICO Industrial
Park, Vasai District Thane 401210. 3)
Commercial
property Flat No.6AB, Ground Floor, Sai Vishwa SRA CO-Operative Housing
Society Limited, Shivaji Chowk, Shahji Raje Marg, Vile Parle East, Mumbai
400057 |
FIXED ASSETS
- Air
Conditioner
- Card Scanner
- Computers
- Electrical
Appliances
- Furniture and
Fixtures
- Motor Car
- Motor Bike
- Office
Equipments
- Telephone
Systems
- Lab
Equipments
- Office
Building Premises-Chincholi
- Office
Renovation
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.58.41 |
|
|
1 |
Rs.91.62 |
|
Euro |
1 |
Rs.78.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.