1. Summary Information
|
Country |
INDIA |
||
|
Company Name |
CHEMICAL CORP
PRIVATE LIMITED |
Principal Name 1 |
MR. CHANDRAKANT JAYANTILAL SHAH |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. HARSHAD JAYANTILAL SHAH |
|
Registration # |
11-152348 |
||
|
Street Address |
RAUT CHAMBERS, 4TH
FLOOR, 340/42, SAMUEL STREET,
MASJID BUNDER, MUMBAI – 400 003, MAHARASHTRA |
||
|
Established Date |
01.04.2005 |
SIC Code |
-- |
|
Telephone# |
91-22-66312644 |
Business Style 1 |
TRADER |
|
Fax # |
91-22-23401738 |
Business Style 2 |
IMPORTER |
|
Homepage |
NOT AVILABLE |
Product Name 1 |
CHEMICALS |
|
# of employees |
14
(APPROXIMATELY) |
Product Name 2 |
-- |
|
Paid up capital |
RS.2,251,000/- |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
HDFC BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
8 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (41) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
|
|
|
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
360,153,000 |
Current Liabilities |
211,351,000 |
|
Inventories |
77,191,000 |
Long-term Liabilities |
165,679,000 |
|
Fixed Assets |
1,460,000 |
Other Liabilities |
1,871,000 |
|
Deferred Assets |
8,000 |
Total Liabilities |
378,901,000 |
|
Invest& other Assets |
51,000 |
Retained Earnings |
57,711,000 |
|
|
|
Net Worth |
59,962,000 |
|
Total Assets |
438,863,000 |
Total Liab. & Equity |
438,863,000 |
|
Total Assets (Previous Year) |
349,830,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
1,292,856,000 |
Net Profit |
12,072,000 |
|
Total Income (Previous
yr)/ |
1,118,569,000 |
Net Profit(Prev.yr) |
14,760,000 |
MIRA INFORM REPORT
|
Report Date : |
14.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHEMICAL CORP
PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Raut Chambers, 4th
Floor, 340/42, Samuel Street, Masjid
Bunder, Mumbai – 400 003, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
01.04.2005 |
|
|
|
|
Com. Reg. No.: |
11-152348 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.251 millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U24230MH2005PTC152348 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMC13308B |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCC5620P |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business : |
Trader and
Importer of Chemicals. |
|
|
|
|
No. of Employees : |
14
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 240000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. There appears dip
in profit and sales turnover of the company during the year 2012. However, trade
relations are fair. Business is active. Payment terms are reported to be slow
but correct. 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 |
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Ketan
Chandrakant Shah |
|
Designation : |
Director |
|
Contact No.: |
91-9820147963 |
|
Date : |
09.10.2013 |
LOCATIONS
|
Registered
Office : |
Raut Chambers, 4th
Floor, 340/42, Samuel Street,
Masjid Bunder, Mumbai – 400 003, Maharashtra, India |
|
Tel. No.: |
91-22-66312644 to
47/ 23423127 |
|
Mobile No.: |
91-9821115475 (Mr.
Harshad Shah) 91-9820147963
(Mr. Ketan Chandrakant Shah) |
|
Fax No.: |
91-22-23401738 |
|
E-Mail : |
|
|
Area : |
750 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Satguru Compound
No 2, Behind Wardhan Compound, Godown No.C2, Bhiwandi, District Thane,
Maharashtra, India |
|
Area : |
6000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Chandrakant Jayantilal Shah |
|
Designation : |
Director |
|
Address: |
9-A, Abhilasha Building, 46 August Kranti
Marg, Mumbai – 400 036, Maharashtra, India |
|
Date of Appointment : |
01.04.2005 |
|
PAN No.: |
AACPS2632A |
|
DIN No.: |
01387139 |
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 |
U24100MH1978PTC020147 |
STERLING ORGO
AND INORGO CHEMICALS PRIVATE LIMITED |
Director |
21/02/1978 |
21/02/1978 |
- |
Active |
NO |
|
2 |
U24239MH1989PTC050616 |
TRICHEM
LABORATORIES (BOMBAY) PRIVATE LIMITED |
Director |
22/01/1994 |
22/01/1994 |
- |
Active |
NO |
|
3 |
U24230MH2005PTC152348 |
CHEMICAL CORP
PRIVATE LIMITED |
Director |
01/04/2005 |
01/04/2005 |
- |
Active |
NO |
|
Name : |
Mr. Harshad Jayantilal Shah |
|
Designation : |
Director |
|
Address: |
45, Khattar Galli, Mumbai – 400 004,
Maharashtra, India |
|
Date of Appointment : |
01.04.2005 |
|
PAN No.: |
AACPS1650E |
|
DIN No.: |
01386970 |
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 |
U24100MH1978PTC020147 |
STERLING ORGO
AND INORGO CHEMICALS PRIVATE LIMITED |
Director |
21/02/1978 |
21/02/1978 |
- |
Active |
NO |
|
2 |
U24239MH1989PTC050616 |
TRICHEM
LABORATORIES (BOMBAY) PRIVATE LIMITED |
Director |
15/01/1994 |
15/01/1994 |
- |
Active |
NO |
|
3 |
U24230MH2005PTC152348 |
CHEMICAL CORP
PRIVATE LIMITED |
Director |
01/04/2005 |
01/04/2005 |
- |
Active |
NO |
|
Name : |
Mr. Ketan Chandrakant Shah |
|
Designation : |
Director |
|
Address: |
9-A, Abhilasha Building, 46 August Kranti Marg,
Mumbai – 400 036, Maharashtra, India |
|
Date of Appointment : |
01.04.2005 |
|
PAN No.: |
AACPS2829K |
|
DIN No.: |
01299909 |
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 |
U24239MH1989PTC050616 |
TRICHEM LABORATORIES
(BOMBAY) PRIVATE LIMITED |
Director |
15/01/1994 |
15/01/1994 |
- |
Active |
NO |
|
2 |
U24230MH2005PTC152348 |
CHEMICAL CORP
PRIVATE LIMITED |
Director |
01/04/2005 |
01/04/2005 |
- |
Active |
NO |
|
Name : |
Mr. Nilesh Chandrakant Shah |
|
Designation : |
Director
|
|
Address: |
9-A, Abhilasha Building, 46 August Kranti
Marg, Mumbai – 400 036, Maharashtra, India |
|
Date of Appointment : |
01.04.2005 |
|
PAN No.: |
AACPS2828J |
|
DIN No.: |
01540739 |
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 |
U24100MH1978PTC020147 |
STERLING ORGO
AND INORGO CHEMICALS PRIVATE LIMITED |
Director |
05/12/1988 |
05/12/1988 |
- |
Active |
NO |
|
2 |
U24239MH1989PTC050616 |
TRICHEM
LABORATORIES (BOMBAY) PRIVATE LIMITED |
Director |
21/07/2000 |
21/07/2000 |
- |
Active |
NO |
|
3 |
U24230MH2005PTC152348 |
CHEMICAL CORP
PRIVATE LIMITED |
Director |
01/04/2005 |
01/04/2005 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Harshad J. Shah |
70000 |
|
Chandrakant J.
Shah |
30000 |
|
Nilesh C. Shah |
30000 |
|
Ketan C. Shah |
30000 |
|
Shobha Harshad Shah |
10000 |
|
Pravina C. Shah |
10000 |
|
Meena N. Shah |
10000 |
|
Vaishali Ketan Shah |
10000 |
|
Ami H. Shah |
1000 |
|
Harshad J. Shah HUF |
1000 |
|
Chandrakant J. Shah HUF |
1000 |
|
Nilesh C. Shah HUF |
1000 |
|
Ketan C. Shah HUF |
1000 |
|
Sterling Orgo and Inorgo Chemicals Private Limited, India |
20000 |
|
Chetna Sutaria |
100 |
|
Total
|
225100 |
BUSINESS DETAILS
|
Line of Business : |
Trader and
Importer of Chemicals. |
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
14
(Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sutaria
Associates Chartered
Accountants |
|
Address : |
C-23, 2nd Floor, Satyam Shopping Centre, M.G. Road, Ghatkopar
(East), Mumbai – 400 077, Maharashtra, India |
|
Tel. No.: |
91-22-25143728/
25106161/ 62 |
|
Fax No.: |
91-22-25127256 |
|
E-Mail : |
sutaria@mtnl.net.in |
|
PAN No.: |
AAIPS1331G |
|
|
|
|
Associates : |
Tri-Chem
Enterprises (Bombay) Private Limited CIN No.: U24100MH1985PTC037505 Address: Raut Chambers, 4th Floor, 340/42, Samuel Street, Masjid Bunder, Mumbai – 400 003, Maharashtra,
India Line of Business: Trader and Importer of Chemicals. |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
225100 |
Equity Shares |
Rs.10/- each |
Rs.2.251 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 |
|
2.251 |
2.251 |
|
(b) Reserves & Surplus |
|
57.711 |
45.632 |
|
(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) |
|
59.962 |
47.883 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
88.751 |
77.646 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
Long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
88.751 |
77.646 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
76.928 |
55.011 |
|
(b)
Trade payables |
|
209.548 |
165.464 |
|
(c)
Other current liabilities |
|
1.803 |
1.969 |
|
(d)
Short-term provisions |
|
1.871 |
1.857 |
|
Total
Current Liabilities (4) |
|
290.150 |
224.301 |
|
|
|
|
|
|
TOTAL |
|
438.863 |
349.830 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1.460 |
1.739 |
|
(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 |
|
0.051 |
0.051 |
|
(c) Deferred tax assets
(net) |
|
0.008 |
0.003 |
|
(d) Long-term Loan
and Advances |
|
4.401 |
0.987 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
5.920 |
2.780 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
77.191 |
107.916 |
|
(c)
Trade receivables |
|
337.131 |
222.705 |
|
(d)
Cash and cash equivalents |
|
11.114 |
12.238 |
|
(e)
Short-term loans and advances |
|
7.507 |
4.191 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
432.943 |
347.050 |
|
|
|
|
|
|
TOTAL |
|
438.863 |
349.830 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.251 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
30.926 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
33.177 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
71.133 |
|
|
2] Unsecured Loans |
|
|
66.687 |
|
|
TOTAL BORROWING |
|
|
137.820 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
170.997 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.923 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.051 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
75.566
|
|
|
Sundry Debtors |
|
|
228.987
|
|
|
Cash & Bank Balances |
|
|
2.586
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
11.561
|
|
Total
Current Assets |
|
|
318.700 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
135.398 |
|
|
Other Current Liabilities |
|
|
0.529
|
|
|
Provisions |
|
|
13.750
|
|
Total
Current Liabilities |
|
|
149.677 |
|
|
Net Current Assets |
|
|
169.023
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
170.997 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
818.219 |
|
|
|
Other Income |
|
|
11.099 |
|
|
|
Bad Debts Recovered |
|
|
0.132 |
|
|
|
TOTAL (A) |
1292.856 |
1118.569 |
829.450 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
749.247 |
|
|
|
Administrative and Other Overheads |
|
|
46.433 |
|
|
|
Preliminary Expenses Written Off |
|
|
0.072 |
|
|
|
TOTAL (B) |
1274.969 (including
financial and depreciation) |
1096.455 (including
financial and depreciation) |
795.752 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
33.698 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
14.634 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
19.064 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
0.307 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
17.886 |
22.114 |
18.757 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.814 |
7.354 |
6.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
12.072 |
14.760 |
12.157 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
43.848 |
29.088 |
16.929 |
|
|
|
|
|
|
|
|
|
|
PRIOR
PERIOD ADJUSTMENT |
-- |
-- |
0.002 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
55.920 |
43.848 |
29.088 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
53.63 |
65.57 |
54.00 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1320.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.1400.000 millions
The above information has been parted by Mr. Ketan Chandrakant Shah (Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.93
|
1.32
|
1.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
2.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.08
|
6.32
|
5.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.46
|
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.76
|
2.77
|
4.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49
|
1.55
|
2.13 |
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 |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last four years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
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 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10287231 |
21/03/2013 * |
68,750,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
B72792013 |
|
2 |
10251623 |
02/06/2012 * |
340,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B41113556 |
|
3 |
10191550 |
31/10/2009 |
591,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
LAXMAN ZULLA, 1ST
FLOOR, 50, RANADE ROAD, DADAR, MUMBAI, MAHARASHTRA - 400028, INDIA |
A73693392 |
* Date of charge modification
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from others (Term loan with interest payable at 12% p.a.) |
83.627 |
72.315 |
|
Loans taken for other fixed assets (Term loan with interest payable at 12%
p.a.) |
5.000 |
5.000 |
|
Total
|
88.627 |
77.315 |
FIXED ASSETS:
·
Buildings
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
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.61.15 |
|
|
1 |
Rs.97.77 |
|
Euro |
1 |
Rs.82.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
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 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
41 |
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.