MIRA INFORM REPORT
|
Report Date : |
27.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
CALCUTTA CHEM SALES CORPORATION |
|
|
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Registered
Office : |
33, Canning Street, 2nd Floor, Room No.220, Kolkata – 700 001, West Bengal |
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Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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|
|
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Year of
Establishment : |
1982 |
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|
|
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Capital
Investment : |
Rs.14.145 millions |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AACFC1519J |
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|
Legal Form : |
Partnership Concern with an unlimited liability of the Partners |
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Line of Business
: |
Trader, Importer and Exporter of Chemicals, Pharmaceutical Products and Poultry Feeds. |
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|
No. of Employees
: |
21 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 40400 |
|
|
|
|
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 partnership concern having satisfactory
track record. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct and as per commitments. The concern 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Amit Shah |
|
Designation : |
Partner |
|
Contact No.: |
91-33-22341043 |
|
Date : |
26.12.2014 |
LOCATIONS
|
Registered Office : |
33, Canning Street, 2nd Floor, Room No.220, Kolkata – 700 001, West Bengal, India |
|
Tel. No.: |
91-33-22341045/ 22341043/ 22341066 |
|
Fax No.: |
91-33-40721043 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
Locality : |
Commercial |
PARTNERS
|
Name : |
Mr. Amit Shah |
|
Designation : |
Partner |
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|
|
|
Name : |
Mr. Parag Shah |
|
Designation : |
Partner |
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|
|
|
Name : |
Mr. Hasit Shah |
|
Designation : |
Partner |
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|
|
|
Name : |
Ms. Pratibha Shah |
|
Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and Exporter of Chemicals, Pharmaceutical Products
and Poultry Feeds. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· Nepal · Bhutan · Bangladesh |
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Imports : |
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Products : |
Pharmaceutical Ingredients |
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Countries : |
· USA · Denmark · Singapore · Brazil · Germany |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
21 (Approximately) |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
B. Dalal and Company Chartered Accountants |
|
Address : |
Flat 6A, 12D, Chakraberia Road (North), Kolkata – 700 020, West
Bengal, India |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concerns : |
APH Marketing |
CAPITAL STRUCTURE
AS ON 31.03.2014
|
Capital Investment : |
|
|
Owned : |
Rs.14.145 millions |
|
Borrowed : |
-- |
|
Total : |
Rs.14.145
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
|
14.145 |
9.878 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
14.145 |
9.878 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
8.200 |
8.525 |
|
|
TOTAL BORROWING |
|
8.200 |
8.525 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
22.345 |
18.403 |
|
|
|
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|
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APPLICATION OF FUNDS |
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.647 |
0.453 |
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|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
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INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
4.005 |
3.957 |
|
|
Sundry Debtors |
|
23.360 |
19.014 |
|
|
Cash & Bank Balances |
|
0.258 |
0.315 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.389 |
0.032 |
|
Total
Current Assets |
|
28.012 |
23.318 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
6.314 |
5.341 |
|
|
Other Current Liabilities |
|
0.000 |
0.027 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
6.314 |
5.368 |
|
|
Net Current Assets |
|
21.698 |
17.950 |
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|
|
|
|
|
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|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
TOTAL |
|
22.345 |
18.403 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
94.093 |
78.904 |
|
|
|
Other Income |
|
1.308 |
1.169 |
|
|
|
TOTAL |
|
95.401 |
80.073 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
82.295 |
69.623 |
|
|
|
Freight |
|
3.921 |
3.054 |
|
|
|
Import Clearing Charges |
|
0.024 |
0.024 |
|
|
|
Entry Tax |
|
0.556 |
0.448 |
|
|
|
Shortage, Leakage and Damage |
|
0.055 |
0.000 |
|
|
|
Accounting Charges |
|
0.027 |
0.024 |
|
|
|
Advertisement Charges |
|
0.048 |
0.045 |
|
|
|
Bank Charges |
|
0.008 |
0.013 |
|
|
|
Books Periodicals |
|
0.010 |
0.008 |
|
|
|
Commission |
|
0.590 |
0.503 |
|
|
|
Coolie and Cartage |
|
0.471 |
0.308 |
|
|
|
Conveyance Expenses |
|
0.130 |
0.000 |
|
|
|
Clearing and Forwarding |
|
0.143 |
0.115 |
|
|
|
Courier and Xerox Charges |
|
0.053 |
0.040 |
|
|
|
Data operating Charges |
|
0.026 |
0.024 |
|
|
|
Electricity Charges |
|
0.053 |
0.038 |
|
|
|
Insurance |
|
0.069 |
0.066 |
|
|
|
Interest on Loan |
|
1.465 |
1.347 |
|
|
|
Incentive |
|
0.245 |
0.210 |
|
|
|
Legal Expenses |
|
0.065 |
0.016 |
|
|
|
Licence and Taxes |
|
0.018 |
0.000 |
|
|
|
Motor Car Expenses |
|
0.154 |
0.123 |
|
|
|
Office Expenses |
|
0.211 |
0.178 |
|
|
|
Income Tax |
|
0.000 |
0.112 |
|
|
|
Interest on Capital |
|
0.000 |
0.941 |
|
|
|
Remuneration |
|
0.000 |
0.966 |
|
|
|
Other Expenses |
|
1.364 |
1.388 |
|
|
|
TOTAL |
|
92.001 |
79.614 |
|
|
|
|
|
|
|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
3.400 |
0.459 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.090 |
0.077 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT /
(LOSS) |
|
3.310 |
0.382 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
|
3.52 |
0.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
11.55 |
1.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.23 |
0.04 |
|
|
|
|
|
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|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.58 |
0.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
4.44 |
4.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
9.878 |
14.145 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net
worth |
9.878 |
14.145 |
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
|
Unsecured Loans |
8.525 |
8.200 |
|
Total
borrowings |
8.525 |
8.200 |
|
Debt/Equity
ratio |
0.863 |
0.580 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
78.904 |
94.093 |
|
|
|
19.250 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
78.904 |
94.093 |
|
Profit |
0.382 |
3.310 |
|
|
0.48% |
3.52% |
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 |
No |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two 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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
FIXED ASSETS:
· Air Conditioner
· Books
· C.C. TV
· Cell Phone
· Computer
· EPBX
· Electric Fan
· Fax Machine
· Furniture and Fixture
· Generator
· Invertor
· Motor Car
· Motor Cycle
· Paper Shreddar
· Premises
· Refrigerator
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.63.64 |
|
|
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
-- PROFITABILITY |
1~10 |
6 |
|
--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 |
NO |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.