MIRA INFORM REPORT
|
Report No. : |
355335 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
KAMSONS CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1003 Embassy Chamber, 10th Floor, 3rd Road, CTS-E/85,
859 B-2 Plot No. 5, Opposite Simran Plaza Khar (West), Mumbai – 400052,
Maharashtra |
|
Tel. No.: |
91-22-26854728 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
23.04.1996 |
|
|
|
|
Com. Reg. No.: |
11-099064 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1996PTC099064 |
|
|
|
|
IEC No.: |
0397025033 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMK08312D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3433A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Industrial Chemicals. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 1996 and it is engaged in the
manufacturer and exporter of industrial chemicals. For the financial year ended 2015, company has reported 25.77% revenue
growth as compared to previous year revenue and it has maintain average
profitability margins at 2.60% during the year under review. Rating takes into consideration company’s established track record of
business operations supported by its above average financial base along with
favorable gap between trade payables to its receivables and moderate debt
coverage indicators. However, rating strength is partially offset by working
capital-intensive nature of operations along with susceptibility of
fluctuation in raw material prices as well as forex movement imparting
volatility to profitability and intense competition in the sector. Trade relations are reported as fair. Payment terms are reported to be
usually 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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Ashok Thakar |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-26854728 |
|
Date : |
16.12.2015 |
LOCATIONS
|
Registered Office : |
1003 Embassy Chamber, 10th Floor, 3rd Road,
CTS-E/85, 859 B-2 Plot No. 5, Opposite Simran Plaza Khar (West), Mumbai –
400052, Maharashtra, India |
|
Tel. No.: |
91-22-26854728 |
|
Mobile No.: |
91-9821014448 (Mr. Navin) |
|
Fax No.: |
91-22-26854438 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory : |
Plot No. A /726, MIDC, TTC Industrial Area, Village Mahape,
Thane-Belapur Road, Navi Mumbai, District Thane, Maharashtra, India |
|
Tel. No.: |
91-22-27780768 |
|
Fax No.: |
91-22-26854438 |
|
Area : |
2000 sq. Ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Navin Raman Mehra |
|
Designation : |
Director |
|
Address : |
19, Gulab Apartment, Carter Road, Bandra (West), Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
02.05.1964 |
|
Qualification : |
BSC (TECH) |
|
Date of Appointment : |
23.04.1996 |
|
DIN No.: |
01266845 |
|
|
|
|
Name : |
Mr. Ramankumar Lalchand Mehra |
|
Designation : |
Director |
|
Address : |
19/20, Gulab Apartment, Carter Road, Bandra (West), Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
13.10.1935 |
|
Qualification : |
BSC (TECH) |
|
Date of Appointment : |
23.04.1996 |
|
DIN No.: |
01266770 |
|
|
|
|
Name : |
Mr. Kunal Mehra |
|
Designation : |
Additional Director |
|
Address : |
19/20, Gulab Apartment, Carter Road, Bandra (West), Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
08.08.1993 |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
05267266 |
|
|
|
|
Name : |
Mr. Kamlesh Raman Mehra |
|
Designation : |
Director |
|
Address : |
19, Gulab Apartment, 14-B, Carter Road, Bandra (West), Mumbai –
400050, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1943 |
|
Date of Appointment : |
02.05.2012 |
|
DIN No.: |
05281170 |
KEY EXECUTIVES
|
Name : |
Mr. Ashok Thakar |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Raman Lalchand Mehra |
|
51000 |
|
Navin Raman Mehra |
|
24600 |
|
Ravin Raman Mehra |
|
18100 |
|
Kamlesh Mehra |
|
4500 |
|
Raman Lalchand Mehra HUF |
|
100 |
|
Preeti Raman Mehra |
|
100 |
|
Shehzarine R. Mehra |
|
100 |
|
Abhay Shah |
|
100 |
|
Renuka P. Popli |
|
100 |
|
Prem P. Popli |
|
100 |
|
Prem P. Popli HUF |
|
100 |
|
Dilip Shah |
|
100 |
|
Romit Shah |
|
100 |
|
Paresh Shah |
|
100 |
|
Tarlika A. Shah |
|
100 |
|
Himatlal Shah |
|
100 |
|
Dilip Shah HUF |
|
100 |
|
Labhuben H. Shah |
|
100 |
|
Abhay M Shah (HUF) |
|
100 |
|
Abhay M Shah (HUF) |
|
100 |
|
Nayana R Thokor |
|
100 |
|
Navin Mehra (HUF) |
|
100 |
|
|
|
|
|
Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
98.60 |
|
Other top fifty shareholders |
1.40 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Chemicals. (Confirmed by management) |
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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 : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End users
|
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No. of Employees : |
50 (Approximately) |
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Bankers : |
|
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||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
||||||||||||||||||||||
|
Auditors : |
|
|
Name : |
N. D. Mehta and Associates Chartered Accountants |
|
Address : |
Balkrishna Chambers, Office No. 18, 2nd Floor, 1/4, Issaji
Street, Vadgadi, Mumbai – 400003, Maharashtra, India |
|
Tel. No.: |
91-22-23441661/23441635 |
|
Fax No.: |
91-22-23441635 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABCD2785P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associated Companies and Firms : |
Bontex |
CAPITAL STRUCTURE
AS ON 31.03.2015
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 |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.000 |
1.000 |
1.000 |
|
(b) Reserves & Surplus |
103.523 |
78.345 |
60.419 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
104.523 |
79.345 |
61.419 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
13.126 |
12.526 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.393 |
0.273 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.000 |
13.519 |
12.799 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
140.725 |
123.430 |
94.837 |
|
(b) Trade payables |
192.055 |
134.873 |
80.836 |
|
(c) Other current liabilities |
22.967 |
32.421 |
4.488 |
|
(d) Short-term provisions |
4.393 |
1.397 |
0.000 |
|
Total
Current Liabilities (4) |
360.140 |
292.121 |
180.161 |
|
|
|
|
|
|
TOTAL |
464.663 |
384.985 |
254.739 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
38.541 |
25.376 |
23.271 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.500 |
0.500 |
0.500 |
|
(c) Deferred tax assets (net) |
0.345 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.730 |
8.802 |
11.722 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
49.116 |
34.678 |
35.493 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
43.161 |
27.168 |
19.859 |
|
(c) Trade receivables |
214.274 |
221.586 |
141.946 |
|
(d) Cash and cash equivalents |
149.199 |
90.826 |
52.163 |
|
(e) Short-term loans and
advances |
8.913 |
10.727 |
5.278 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
415.547 |
350.307 |
219.246 |
|
|
|
|
|
|
TOTAL |
464.663 |
384.985 |
254.739 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
892.603 |
705.450 |
|
|
|
Other Income |
10.682 |
5.984 |
|
|
|
TOTAL
(A) |
903.285 |
711.434 |
512.299 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
530.953 |
455.159 |
|
|
|
Purchases of Stock-in-Trade |
232.117 |
133.598 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.102) |
(0.026) |
477.119 |
|
|
Employees benefits expense |
37.759 |
33.966 |
|
|
|
Other expenses |
49.248 |
40.676 |
|
|
|
TOTAL
(B) |
849.975 |
663.373 |
477.119 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
53.310 |
48.061 |
35.180 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.056 |
17.949 |
7.835 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
45.254 |
30.112 |
27.345 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
7.342 |
2.954 |
2.137 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
37.912 |
27.158 |
25.208 |
|
|
|
|
|
|
|
Less |
TAX (H) |
12.733 |
9.232 |
8.221 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
25.179 |
17.926 |
16.987 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
330.967 |
279.309 |
155.928 |
|
|
TOTAL
EARNINGS |
330.967 |
279.309 |
155.928 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
CIF
VALUE OF IMPORTS – RAW MATERIALS |
168.772 |
158.641 |
106.676 |
|
|
TOTAL
IMPORTS |
168.772 |
158.641 |
106.676 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
251.79 |
179.26 |
169.86 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
83.454 |
31.328 |
(7.595) |
|
Net cash flows from (used in) operations |
72.978 |
23.623 |
(16.107) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.82 |
2.54 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.97 |
6.81 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.17 |
7.06 |
9.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36 |
0.34 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.35 |
1.72 |
1.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.20 |
1.22 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
1.000 |
1.000 |
1.000 |
|
Reserves & Surplus |
60.419 |
78.345 |
103.523 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
61.419 |
79.345 |
104.523 |
|
|
|
|
|
|
long-term borrowings |
12.526 |
13.126 |
0.000 |
|
Short term borrowings |
94.837 |
123.430 |
140.725 |
|
Total
borrowings |
107.363 |
136.556 |
140.725 |
|
Debt/Equity
ratio |
1.748 |
1.721 |
1.346 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
512.299 |
711.434 |
903.285 |
|
|
|
38.871 |
26.967 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
512.299 |
711.434 |
903.285 |
|
Profit |
16.987 |
23.910 |
35.861 |
|
|
3.32% |
3.36% |
3.97% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY'S
AFFAIRS AND FUTURE OUTLOOK
Subject is one of Mumbai leading manufacturers of Acrylic resins for a large array of applications in various industries. Their manufacturing facilities are located at Mahape Navi Mumbai, their head office situated at Khar, Mumbai.
Their plant at Navi Mumbai caters to several industries such as Textile. Paint, Rubber, Paper, Leather, Packaging and Construction Chemicals. Their products here range from acrylic resins for adhesives (Paper industry) and building protection coatings (Construction chemicals) to Styrene phenol (Rubber industry) and Styrene co-polymer resins (Paint industry).
PUDs recent successful developments have been Water-based Polyurethane dispersions (PUDs). With the introduction of these dispersions, they hope to establish a satisfi1ctOll' import substitute. PUDs are waterborne systems, ecofriendly, having all the properties of the solvent-based systems, minus the hazards.
PUDs can be formulated to not only make floor coatings but also for the walls which are tough and resilient with scratch resistance and stability.
The PUDs have a life of 10 years even in exposed areas as they have excellent UV resistance against yellowing, cracking or peeling. They are versatile and environmentally friendly coating materials that are available in a wide range of hardness and solid content. Their zero to low volatile organic content facilitate their formulation into a compliant coating for many different substrates.
In addition to being a trend-setter in several fields, they aim to build long-term partnership with their customer by adding by adding value to their business. In many industries nowadays, innovation is (he key to success, and customers expect us to listen and respond to their requests. Their well-equipped laboratory and their team of highly experienced analysts, enables us to handle complex technical problems related to the development of innovative products. They are particularly sensitive to quality and environmental issues, and they actively support the industry-wide "Responsible Care"' initiative. Many of their products arc formulated to meet the most demanding ecological requirements of today and tomorrow, and they have a continuing mission to guarantee that they follow the best industry practices in all their operations.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2015 |
As
on 31.03.2014 |
|
LONG TERM
BORROWING |
|
|
|
Loan from other
parties |
0.000 |
13.126 |
|
SHORT TERM
BORROWING |
|
|
|
Loans from
directors, shareholders and other related parties |
33.336 |
13.448 |
|
Total |
33.336 |
26.574 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10573916 |
02/06/2015 |
560,000,000.00 |
ABHYUDAYA CO-OP. BANK LTD |
ADMINISTRATIVE
OFFICE -- K. K. TOWERS, ABHYUDAY, |
C55937841 |
|
2 |
10445779 |
08/08/2013 |
20,000,000.00 |
ABHYUDAYA CO-OPERATIVE BANK LTD. |
ADMINISTRATIVE
OFFICE, K. K. TOWER, ABHYUDAYA BANK |
B83434167 |
|
3 |
10380568 |
08/09/2012 |
170,000,000.00 |
ABHYUDAYA CO-OP. BANK LTD |
ADMINISTRATIVE
OFFICE, K.K.TOWER, ABHYUDAYA BANK, |
B59697946 |
|
4 |
10374751 |
08/10/2012 * |
150,000,000.00 |
ABHYUDAYA CO-OP. BANK LTD. |
ADMINISTRATIVE
OFFICE, K.K.TOWER, ABHYUDAYA BANK, |
B60285939 |
|
5 |
10293436 |
23/05/2011 |
30,000,000.00 |
ABHYUDAYA CO-OP. BANK LIMITED |
ADMINISTRATIVE OFFICE,
K. K. TOWER, ABHYUDAYA BANK |
B15430218 |
|
6 |
10226476 |
23/05/2011 * |
30,000,000.00 |
ABHYUDAYA CO-OP. BANK LTD. |
ADMINISTRATIVE OFFICE,
K.K.TOWER, ABHYUDAYA BANK, |
B15429640 |
|
7 |
80028198 |
23/05/2011 * |
60,000,000.00 |
ABHYUDAYA CO-OP. BANK LTD. |
ADMINISTRATIVE OFFICE,
K.K.TOWER, ABHYUDAYA BANK, |
B15428618 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
|
Outstanding letter of credit (Foreign) |
|
|
Dow Chemical pacific Singapore (Pte) Limited
|
48.204 |
|
Wanhua Chemicals (Hong Kong) Company Limited
|
2.950 |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Electrical Installations
·
Air Conditioner Machine
·
Office Equipment
·
Lab Equipment
·
Furniture and Fixture
·
Motor Car
·
Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.66.85 |
|
UK Pound |
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.73.16 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.