MIRA INFORM REPORT
|
Report No. : |
330551 |
|
Report Date : |
02.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
KAMSONS CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 7, Guru Gobind Singh Industrial Estate, Near Jay Coach, Off
Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra |
|
Tel. No.: |
91-22-26854728/ 26854808 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.04.1996 |
|
|
|
|
Com. Reg. No.: |
11-99064 |
|
|
|
|
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. |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 240000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered normal for business dealing 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 |
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
31-03-2013.
LOCATIONS
|
Registered Office : |
Unit No. 7, Guru Gobind Singh Industrial Estate, Near Jay Coach, Off
Western Express Highway, Goregaon (East), Mumbai – 400 063, Maharashtra,
India |
|
Tel. No.: |
91-22-26854728/ 26854808 |
|
Fax No.: |
91-22-26854438 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
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 25.09.2013
|
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 |
MAJOR SHAREHOLDERS
AS ON 25.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Raman Lalchand Mehra |
|
51000 |
|
Navin Raman Mehra |
|
24700 |
|
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 |
|
|
|
|
|
Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 25.09.2013
|
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. |
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|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
Abhyudaya Co-operative Bank Limited,
Administrative Office, K.K. Tower, Abhyudaya Bank Lane, Off G.D. Ambekar
Marg, Parel Village, Mumbai - 400012, Maharashtra, India ·
ICICI Bank Limited |
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N. D. Mehta and Associates Chartered Accountants |
|
Address : |
Balkrishna Chambers, Office No. 18, 2nd Floor, 1/4, |
|
Tel. No.: |
91-22-23441661/23441635 |
|
Fax No.: |
91-22-23441635 |
|
E-Mail : |
|
|
PAN No.: |
AABCD2785P |
CAPITAL STRUCTURE
AS ON 25.09.2013
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 |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.000 |
1.000 |
1.000 |
|
(b) Reserves & Surplus |
60.419 |
43.433 |
32.150 |
|
(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) |
61.419 |
44.433 |
33.150 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
12.526 |
13.212 |
4.676 |
|
(b) Deferred tax liabilities (Net) |
0.273 |
0.163 |
0.198 |
|
(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) |
12.799 |
13.375 |
4.874 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
94.837 |
39.532 |
57.363 |
|
(b) Trade
payables |
80.836 |
48.167 |
51.427 |
|
(c) Other
current liabilities |
4.488 |
4.963 |
2.811 |
|
(d) Short-term
provisions |
0.000 |
2.187 |
0.265 |
|
Total Current
Liabilities (4) |
180.161 |
94.849 |
111.866 |
|
|
|
|
|
|
TOTAL |
254.739 |
152.657 |
149.890 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
23.271 |
8.799 |
8.313 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
11.722 |
0.119 |
0.069 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
35.493 |
9.418 |
8.882 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
19.859 |
5.812 |
10.579 |
|
(c) Trade
receivables |
141.946 |
78.459 |
78.325 |
|
(d) Cash
and cash equivalents |
52.163 |
47.469 |
40.718 |
|
(e)
Short-term loans and advances |
5.278 |
11.499 |
11.386 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
219.246 |
143.239 |
141.008 |
|
|
|
|
|
|
TOTAL |
254.739 |
152.657 |
149.890 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
512.299 |
|
300.052 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
512.299 |
315.464 |
300.052 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
477.119 |
289.137 |
286.584 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
35.180 |
26.327 |
13.468 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.835 |
7.925 |
5.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
27.345 |
18.402 |
8.433 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION (F) |
2.137 |
1.585 |
1.506 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
25.208 |
16.817 |
6.927 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.221 |
5.534 |
2.339 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
16.987 |
11.283 |
4.588 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
155.928 |
61.897 |
60.616 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
169.86 |
112.83 |
45.88 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin |
(%) |
3.32 |
3.58 |
1.53 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
6.87 |
8.35 |
4.49 |
|
|
|
|
|
|
|
Return on Total
Assets (PBT/Total
Assets} |
(%) |
9.92 |
11.05 |
4.64 |
|
|
|
|
|
|
|
Return on
Investment (ROI) (PBT/Networth) |
|
0.41 |
0.38 |
0.21 |
|
|
|
|
|
|
|
Debt Equity
Ratio (Total Debt
/Networth) |
|
1.75 |
1.19 |
1.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current
Liability) |
|
1.22 |
1.51 |
1.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
1.000 |
1.000 |
1.000 |
|
Reserves & Surplus |
32.150 |
43.433 |
60.419 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
33.150 |
44.433 |
61.419 |
|
|
|
|
|
|
long-term borrowings |
4.676 |
13.212 |
12.526 |
|
Short term borrowings |
57.363 |
39.532 |
94.837 |
|
Total borrowings |
62.039 |
52.744 |
107.363 |
|
Debt/Equity ratio |
1.871 |
1.187 |
1.748 |
YEAR ON YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
300.052 |
315.464 |
512.299 |
|
|
|
5.136 |
62.395 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
300.052 |
315.464 |
512.299 |
|
Profit |
4.588 |
11.283 |
16.987 |
|
|
1.53% |
3.58% |
3.32% |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Million |
31.03.2012 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loan from other
parties |
12.526 |
12.526 |
|
Short Term Borrowings |
|
|
|
Loans from
directors, shareholders and other related parties |
13.156 |
5.329 |
|
|
|
|
|
Total |
25.682 |
17.855 |
INDEX OF CHARGE:
|
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
FIXED ASSETS:
·
Land
·
Factory Building
·
Plant and Machinery
·
Electrical Installations
·
Air Conditioner Machine
·
Office Equipment
·
Lab Equipment
·
Furniture and Fixture
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Motor Car
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Computer
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.63.62 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
SNT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.