1. Summary Information
|
Country |
India |
||
|
Company Name |
PHARMACHEM TRADERS PRIVATE LIMITED |
Principal Name 1 |
Mr. Sachin Pal |
|
Status |
Moderate |
Principal Name 2 |
Ms. Sucharita Pal |
|
Registration # |
21-092603 |
||
|
Street Address |
103G, Block-F, 1st Floor, New Alipore, Kolkata – 700 053,
West Bengal |
||
|
Established Date |
16.11.2000 |
SIC Code |
-- |
|
Telephone# |
91-91-33-22355410/ 23975003/ 5004 |
Business Style 1 |
Importer |
|
Fax # |
91-33-23972978 |
Business Style 2 |
Exporter |
|
Homepage |
www.nirkongrp.com |
Product Name 1 |
Pharmaceutical |
|
# of employees |
Not Available |
Product Name 2 |
Chemical |
|
Paid up capital |
Rs. 20,250,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 55.00% Directors or relatives of directors – 43.00% Other top fifty shareholders – 2.00% |
Banking |
Tamilnad
Mercantile Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
13 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (33) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
India
|
Nirkon Industries Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
45,724,000 |
Current Liabilities |
22,698,000 |
|
Inventories |
18,242,000 |
Long-term Liabilities |
3,299,000 |
|
Fixed Assets |
405,000 |
Other Liabilities |
924,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
26,921,000 |
|
Invest& other Assets |
845,000 |
Retained Earnings |
18,045,000 |
|
|
|
Net Worth |
38,295,000 |
|
Total Assets |
65,216,000 |
Total Liab. & Equity |
65,216,000 |
|
Total Assets (Previous Year) |
62,412,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
196,909,000 |
Net Profit |
1,406,000 |
|
Sales(Previous yr) |
180,335,000 |
Net Profit(Prev.yr) |
1,277,000 |
MIRA INFORM REPORT
|
Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
PHARMACHEM TRADERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
103G, Block-F, 1st Floor, New Alipore, Kolkata – 700 053,
West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.11.2000 |
|
|
|
|
Com. Reg. No.: |
21-092603 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.250 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109WB2000PTC092603 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and Exporter of Pharmaceutical and Chemical Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 150000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company seems to be low. However, trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealings 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 – 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 : |
103G, Block-F, 1st Floor, New Alipore, Kolkata – 700053,
West Bengal, India |
|
Tel. No.: |
91-91-33-22355410/ 23975003/ 5004 |
|
Fax No.: |
91-33-23972978 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 30.09.2012
|
Name : |
Mr. Sachin Pal |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
103G, Block-F, New Alipore, Kolkata – 700053, West Bengal, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.10.1946 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
16.11.2000 |
|||||||||||||||||||||||||||
|
DIN No.: |
00189854 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Ms. Sucharita Pal |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
103G, Block-F, New Alipore, Kolkata – 700053, West Bengal, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.18.1982 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
28.03.2011 |
|||||||||||||||||||||||||||
|
DIN No.: |
00190003 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Ms. Sangita Pal |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
103G, Block-F, New Alipore, Kolkata – 700053, West Bengal, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.08.1982 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
29.11.2003 |
|||||||||||||||||||||||||||
|
DIN No.: |
00190129 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Ms. Mahamaya Pal |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
103G, Block-F, New Alipore, Kolkata – 700053, West Bengal, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.10.1950 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
16.11.2000 |
|||||||||||||||||||||||||||
|
DIN No.: |
00190234 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Ms. Saswati Mazumdar Pal kar |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
103G, Block-F, New Alipore, Kolkata – 700053, West Bengal, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.05.1978 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
16.11.2000 |
|||||||||||||||||||||||||||
|
DIN No.: |
00195175 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Ms. Achinta Sen |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
P 293, Hem Chandra Naskar Road, CIT Scheme IV, Kolkata – 700085, West
Bengal, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.12.1959 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
03.09.2011 |
|||||||||||||||||||||||||||
|
DIN No.: |
02949896 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sachin Pal |
|
197500 |
|
Mahamaya Pal |
|
87000 |
|
Saswati Mazumdar Pal kar |
|
165800 |
|
Sucharita Pal |
|
203500 |
|
Sangita Pal |
|
188500 |
|
Soumendu Saha |
|
35700 |
|
Nirkon Industries Private Limited, India |
|
627000 |
|
Achintya Kumar Sen |
|
15000 |
|
Trust Pal |
|
170000 |
|
Sangita Pal |
|
10000 |
|
Rai Nirh Rural Development and Welfare Trust |
|
325000 |
|
|
|
|
|
Total |
|
2025000 |
As on: 19.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Soumendu Saha |
|
5000 |
|
Sangita Pal |
|
10000 |
|
Sucharita Pal |
|
10000 |
|
Total |
|
25000 |
As on: 27.02.2013
|
Names of Shareholders |
|
No. of Shares |
|
Antony Plastics Private Limited |
|
50000 |
|
|
|
|
|
Total |
|
50000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
55.00 |
|
Directors or relatives of directors |
|
43.00 |
|
Other top fifty shareholders |
|
2.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer and Exporter of Pharmaceutical and Chemical Products. |
|
|
|
|
Products : |
Chemicals |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Tamilnad Mercantile Bank Limited, Kolkata Branch, 58. D.N.S Road, Kolkata - 700001, West Bengal, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bijan Ghosh and Associates Chartered Accountants |
|
Address : |
C/16, Green Park, P. Mazumdar Road, Kolkata – 700078, West Bengal,
India |
|
PAN No.: |
ADHPG8942R |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on: 30.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2100000 |
Equity Shares |
Rs.10/- each |
Rs. 21.000
Millions |
|
|
|
|
|
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 |
|
20.250 |
20.000 |
|
(b) Reserves & Surplus |
|
18.045 |
14.390 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
38.295 |
34.390 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
4.516 |
3.139 |
|
(b) Deferred tax liabilities (Net) |
|
0.006 |
0.003 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
4.522 |
3.142 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
(1.217) |
8.305 |
|
(b) Trade payables |
|
21.922 |
14.671 |
|
© Other current
liabilities |
|
0.776 |
0.594 |
|
(d) Short-term
provisions |
|
0.918 |
1.310 |
|
Total Current
Liabilities (4) |
|
22.399 |
24.880 |
|
|
|
|
|
|
TOTAL |
|
65.216 |
62.412 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.405 |
0.432 |
|
(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 |
|
0.845 |
0.845 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
10.807 |
10.684 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
12.057 |
11.961 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
18.242 |
9.832 |
|
(c) Trade receivables |
|
28.509 |
29.804 |
|
(d) Cash and cash
equivalents |
|
2.782 |
3.719 |
|
(e) Short-term loans
and advances |
|
0.709 |
4.237 |
|
(f) Other current
assets |
|
2.917 |
2.859 |
|
Total Current Assets |
|
53.159 |
50.451 |
|
|
|
|
|
|
TOTAL |
|
65.216 |
62.412 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
20.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
13.112 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
33.112 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.021 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
3.021 |
|
|
DEFERRED TAX LIABILITIES |
|
|
(0.042) |
|
|
|
|
|
|
|
|
TOTAL |
|
|
36.091 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.351 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.846 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
13.890 |
|
|
Sundry Debtors |
|
|
22.611 |
|
|
Cash & Bank Balances |
|
|
8.771 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
12.513 |
|
Total
Current Assets |
|
|
57.785 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
22.891 |
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
|
22.891 |
|
|
Net Current Assets |
|
|
34.894 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
36.091 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
196.909 |
180.335 |
|
|
|
|
Other Income |
3.839 |
4.736 |
|
|
|
|
TOTAL (A) |
200.748 |
185.071 |
166.022 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock in trade |
176.165 |
145.206 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(8.410) |
4.058 |
|
|
|
|
Employee benefit expenses |
4.659 |
4.331 |
|
|
|
|
Other expenses |
25.359 |
28.922 |
|
|
|
|
TOTAL (B) |
197.773 |
182.517 |
164.740 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.975 |
2.554 |
Including
Financial |
|
|
|
|
|
|
&
Depreciation |
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.766 |
0.542 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.209 |
2.012 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.131 |
0.102 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.078 |
1.910 |
1.282 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.672 |
0.633 |
0.443 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.406 |
1.277 |
0.839 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.709 |
2.432 |
1.593 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5.115 |
3.709 |
2.432 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
30.907 |
36.049 |
34.829 |
|
|
TOTAL IMPORTS |
30.907 |
36.049 |
34.829 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.70 |
0.64 |
0.45 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.70 |
0.70 |
0.51 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.06 |
1.06 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.22 |
3.10 |
2.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.06 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.09 |
0.33 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.37 |
2.02 |
2.52 |
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 |
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 |
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 |
Unsecured Loan
(Rs. In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Loans from other parties |
2.407 |
3.287 |
|
|
|
|
|
Total |
2.407 |
3.287 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U51109WB2000PTC092603 |
|
Name of the
company |
PHARMACHEM TRADERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
103G, Block-F, 1st Floor, New Alipore, Kolkata – 700053,
West Bengal, India Email-id - ptcal@cal.vsnl.net.in
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
90248149 |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Tamilnad Mercantile Bank Limited, Kolkata Branch, 58. D.N.S Road, Kolkata - 700001, West Bengal, India Email-id - bankservices.3005@yahoo.in |
|
Nature of
instrument creating charge |
1)Agreement for Demand Cash Credit on the Hypothecation of movable properties 2)Letter of Hypothecation of Book-Debts-Loans 3)Power of Attorney 4)Take Delivery Letter 5)Negociation or Purchase of Bills Expressed in Foreign Currencies or Indian Rupees 6)General Letter of Undertaking 7)Forward Contract Agreement 8)Memorandum of Deposit of Title deeds 9)Joint and Several Guarantee form 10) Form no.140 11)Form no.30 12)Form no.219 |
|
Date of instrument
Creating the charge |
16.01.2013 |
|
Amount secured by
the charge |
Rs. 170.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest BR+2.50%
i.e.13.50% Terms of
Repayment as per agreement Margin CC(Stock) - 25% CC(BD) - 30% FLC/BG - 10% ILC - 10% Extent and
Operation of the charge as per document
attached |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
i) PRIMARY: 1)On
hypothecation of stock in trade of all types of Industry/specialty chemicals
imported/purchased under FLC/ILC 2)On
hypothecation of receivables ii) COLLATERAL:
Existing: 1)On EM of residential flats no.7 and 8 situated at 3rd floor admeasuring
1700 sq. ft. and one Mezzanine floor room over the garage measuring 180 sq.
ft. situated at premises no.103 iii) G, Block
"F", New Alipore,Kolkata-700053(Total covered area - 1880 sq. ft.)
standing in the name of Mrs. Mahamaya Paul valued Rs.12.600 millions iv) Offered
afresh: 2)On EM of residential flat to the extent of proportionate share of 2
cottah 8 ch 9 sq ft (with built up area of 1230 sq ft.) situated at flat
no.5,2nd floor, premises no.103G, Block "F", v) New
Alipore,Kolkata-700053 standing in the name of Ms. Sangita Pal D/o Sachin Pal Financial
Security: 3)On lien over RD A/c (RD Rs.0.100 million opened for 60 months)
No.083201650102749 in the name of vi) M/s
Pharmachem Traders Private Limited (to be treated as margin against LC) 4)Personal
Guarantee: Sachin Pal, Mahamaya Palu, Sangita Pal, S. K. Mazumdar, Sucharita
Pal and Anchita Sen |
|
Particulars of
the present modification |
By this
modification the overall limit has been enhanced from Rs.59.000 millions to
Rs.170.000 millions, comprising of: CC(S/BD) :
Rs.15.000 millions [BD cover period 60 days] ILC/FLC/BG for
STTC : Rs.70.000 millions [DP/DA: 120 days] Bank Guarantee :
Rs.15.000 millions Forward Sales
Contract: Rs.70.000 millions |
FIXED ASSETS
- Furniture and
Fixture
- Air Condition
- Xerox Machine
- Computer
- Aqua guard
- Fax
Machine
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 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. 59.85 |
|
|
1 |
Rs. 92.31 |
|
Euro |
1 |
Rs. 78.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
33 |
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.