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|
MIRA INFORM REPORT
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Report No. : |
484194 |
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Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
CLARIANT INDIA LIMITED (w.e.f.24.08.2015) |
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Formerly Known
As : |
CLARIANT INDIA PRIVATE LIMITED (w.e.f. 13.11.2013) SUD-CHEMIE ADSORBENTS PRIVATE LIMITED |
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Registered
Office : |
Reliable Tech Park, Gut No 31, Village Elthan, Airoli,
Off-Thane-Belapur Road, Navi Mumbai – 400708, Maharashtra |
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Tel. No.: |
91-22-71251000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
25.10.2007 |
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Com. Reg. No.: |
11-256121 |
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Capital
Investment / Paid-up Capital : |
INR 0.500 Million |
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CIN No.: [Company Identification
No.] |
U51109MH2007PLC256121 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS63550E |
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PAN No.: [Permanent Account No.] |
AALCS3603D |
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GSTIN : |
Not Divulged |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Company is engaged in trading of imported healthcare packaging material (Medical Specialties) used by pharmaceutical and other industries and selling in Indian markets. (Registered Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a part of “Clariant Group” incorporated in the year 2007 as a private limited company and recently in the year 2015 it got converted into public limited company. Management has not filed its financials for the year 2017 with Government Registry. As per available financials of 2016, the company has achieved decent growth in its revenue compared to its previous year but has reported major operational loss during the year. Rating, takes into consideration the strong financial risk profile marked by adequate net worth base and strong debt protection metrics and favourable gap between trade payables and trade receivables. Rating continue to derive strength from its established track record of its business operations backed by its well experienced promoters group and strong and managerial support from its holding entity. Further, the company has acquired industrial and consumer specialities business of “Clariant Chemicals India Limited” on the going concern with effect from 1st August 2015, as per director’s report. Trade relations are reported to be fair. Business is active payments are reported to be regular. In view of aforesaid, 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
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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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 03.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
Management Non co-operative: (91-22-71251000)
LOCATIONS
|
Registered Office : |
Reliable Tech Park, Gut No 31, Village Elthan, Airoli,
Off-Thane-Belapur Road, Navi Mumbai – 400708, Maharashtra, India |
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Tel. No.: |
91-22-71251000 |
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Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Alfred Christian Munch |
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Designation : |
Director |
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Address : |
Zelglistrasse 4 8127 Forch - 8127 CH |
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Date of Birth/Age : |
24.06.1960 |
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Date of Appointment : |
15.06.2012 |
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DIN No.: |
03092351 |
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Name : |
Jim Mathew Easow |
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Designation : |
Director |
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Address : |
K -11, Everard Nagar Eastern Express Highway, Sion, Mumbai - 400022, Maharashtra, India |
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Date of Birth/Age : |
25.07.1966 |
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Date of Appointment : |
23.09.2014 |
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DIN No.: |
06982060 |
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Name : |
Mr. Adnan Ahmad |
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Designation : |
Additional Director |
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Address : |
Flat No. 102, Ist Floor ,Citadel Ruparel Marg, Malabar
Hill, Mumbai – 400006, Maharashtra, India |
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Date of Appointment : |
01.06.2017 |
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DIN No : |
00046742 |
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Name : |
Mr. Prashant Nandkumar Kulkarni |
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Designation : |
Director |
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Address : |
R M No A - 4/ 103, Vihang Garden, Samata Nagar, Pokharan
Road 1, Thane – 400606, Maharashtra, India |
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Date of Appointment : |
31.03.2017 |
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DIN No : |
07780577 |
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Name : |
Mr. Sandeep Puri |
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Designation : |
Additional Director |
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Address : |
404, 4th Floor, 151 Indra Darshan Phase - II, Andheri
West, Mumbai – 400053, Maharashtra, India
|
|
Date of Appointment : |
31.03.2017 |
|
DIN No : |
07780583 |
SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
|
Clariant (Singapore) Pte. Limited |
49990 |
|
Clariant Beteilogungen AG, Switzerland |
5 |
|
Clariant Product (Schweiz) AG |
1 |
|
Clariant AG |
1 |
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Clariant International AG |
1 |
|
Clariant Consulting AG |
1 |
|
Clariant Consulting (Middle East) Limited |
1 |
|
Total |
50000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.11.2016
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
LIST OF ALLOTTEES
As on 25.10.2016
|
Names of Shareholders |
|
No. of Shares |
|
Clariant (Singapore) Pte. Limited |
|
119976 |
|
Clariant Plastics and Coatings Limited |
|
12 |
|
Clariant Product (Schweiz) AG |
|
2 |
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Clariant Limited |
|
2 |
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Clariant International Limited |
|
2 |
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Clariant Consulting Limited |
|
2 |
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Clariant Consulting (Middle East) Limited |
|
2 |
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Total |
|
119998 |
BUSINESS DETAILS
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Line of Business : |
The Company is engaged in trading of imported healthcare packaging material (Medical Specialties) used by pharmaceutical and other industries and selling in Indian markets. (Registered Activity) |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
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Name : |
Price Waterhouse Chartered Accountants LLP Chartered Accountants |
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Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar West, Mumbai – 400028, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFP3698A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
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Ultimate Holding
Company: |
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Fellow Subsidiary company : |
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CAPITAL STRUCTURE
AFTER AS ON
31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
169998 |
Equity Shares |
INR 10/- each |
INR 1.699 Million |
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AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500 Million |
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FINANCIAL DATA
[all figures are
in Indian Rupees Millions]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.500 |
0.500 |
0.100 |
|
(b) Reserves &
Surplus |
89.783 |
312.098 |
237.578 |
|
(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) |
90.283 |
312.598 |
237.678 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
51.869 |
19.841 |
2.469 |
|
Total Non-current
Liabilities (3) |
51.869 |
19.841 |
2.469 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
3759.128 |
191.392 |
35.352 |
|
(b) Trade payables |
810.999 |
143.444 |
125.941 |
|
(c) Other current
liabilities |
66.268 |
28.563 |
10.782 |
|
(d) Short-term provisions |
3.258 |
36.429 |
0.351 |
|
Total Current Liabilities
(4) |
4639.653 |
399.828 |
172.426 |
|
|
|
|
|
|
TOTAL |
4781.805 |
732.267 |
412.573 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
187.217 |
121.751 |
2.009 |
|
(ii) Intangible Assets |
243.852 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
11.763 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
362.760 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
42.534 |
64.564 |
64.564 |
|
(c) Deferred tax assets
(net) |
0.000 |
5.821 |
0.773 |
|
(d) Long-term Loan and Advances |
1364.832 |
12.693 |
25.433 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2212.958 |
204.829 |
92.779 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
423.665 |
210.835 |
177.950 |
|
(c) Trade receivables |
868.278 |
162.334 |
130.427 |
|
(d) Cash and cash
equivalents |
0.640 |
1.362 |
0.679 |
|
(e) Short-term loans and
advances |
321.892 |
8.322 |
10.738 |
|
(f) Other current assets |
954.372 |
144.585 |
0.000 |
|
Total Current Assets |
2568.847 |
527.438 |
319.794 |
|
|
|
|
|
|
TOTAL |
4781.805 |
732.267 |
412.573 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1682.640 |
991.641 |
802.210 |
|
|
Other Income |
48.876 |
42.503 |
0.000 |
|
|
TOTAL |
1731.516 |
1034.144 |
802.210 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
252.674 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
979.493 |
764.910 |
630.358 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(141.445) |
(32.885) |
(21.660) |
|
|
Employees benefits
expense |
227.929 |
69.662 |
25.119 |
|
|
Other expenses |
475.228 |
107.236 |
80.467 |
|
|
TOTAL |
1793.879 |
908.923 |
714.284 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(62.363) |
125.221 |
87.926 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
111.765 |
10.223 |
0.774 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(174.128) |
114.998 |
87.152 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
42.366 |
3.627 |
0.692 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(216.494) |
111.371 |
86.460 |
|
|
|
|
|
|
|
Less |
TAX |
5.821 |
36.451 |
29.381 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(222.315) |
74.920 |
57.079 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
312.098 |
237.578 |
180.499 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
145.340 |
78.822 |
69.581 |
|
|
Freight |
186.902 |
36.390 |
0.000 |
|
|
Insurance |
0.000 |
124.511 |
0.000 |
|
|
TOTAL EARNINGS |
332.242 |
239.723 |
69.581 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
20.236 |
0.000 |
0.000 |
|
|
Components and Stores
parts |
0.000 |
0.000 |
0.000 |
|
|
Capital Goods |
7.807 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
28.043 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(4329.89) |
1498.40 |
1141.59 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(1238.631) |
(30.053) |
88.522 |
|
Net cash flows from (used in) operating activities |
(1282.121) |
(17.135) |
37.344 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
188.35 |
59.75 |
59.34 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.94 |
6.11 |
6.15 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
240.24 |
68.45 |
72.92 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.15) |
0.59 |
0.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.08) |
1.03 |
43.77 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.97 |
0.55 |
0.42 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
41.64 |
0.61 |
0.15 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
51.39 |
1.28 |
0.73 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
8.92 |
0.39 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(0.56) |
12.25 |
113.60 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to sales Income ((PAT
/ sales) * 100) |
% |
(13.21) |
7.56 |
7.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(4.65) |
10.23 |
13.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(246.24) |
23.97 |
24.02 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.55 |
1.32 |
1.85 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.46 |
0.79 |
0.82 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.02 |
0.43 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7518.26 |
382.78 |
353.52 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.55 |
1.32 |
1.85 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in Indian Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
0.100 |
0.500 |
0.500 |
|
Reserves & Surplus |
237.578 |
312.098 |
89.783 |
|
Net worth |
237.678 |
312.598 |
90.283 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
35.352 |
191.392 |
3759.128 |
|
Total borrowings |
35.352 |
191.392 |
3759.128 |
|
Debt/Equity ratio |
0.149 |
0.612 |
41.637 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
802.210 |
991.641 |
1682.640 |
|
|
|
23.614 |
69.682 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
802.210 |
991.641 |
1682.640 |
|
Profit |
57.079 |
74.920 |
(222.315) |
|
|
7.12% |
7.56% |
(13.21)% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
0.500 |
0.500 |
|
(b) Reserves &
Surplus |
86.519 |
325.640 |
|
(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) |
87.019 |
326.140 |
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
|
(d) long-term provisions |
53.240 |
20.994 |
|
Total Non-current
Liabilities (3) |
53.240 |
20.994 |
|
|
|
|
|
(4) Current Liabilities |
|
|
|
(a) Short term borrowings |
3759.128 |
191.393 |
|
(b) Trade payables |
814.621 |
153.176 |
|
(c) Other current
liabilities |
67.949 |
29.797 |
|
(d) Short-term provisions |
3.332 |
36.734 |
|
Total Current Liabilities
(4) |
4645.030 |
411.100 |
|
|
|
|
|
TOTAL |
4785.289 |
758.234 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1) Non-current assets |
|
|
|
(a) Fixed Assets |
|
|
|
(i) Tangible assets |
188.886 |
123.827 |
|
(ii) Intangible Assets |
243.852 |
38.628 |
|
(iii) Capital
work-in-progress |
11.763 |
0.000 |
|
(iv) Intangible assets
under development |
362.760 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.701 |
7.122 |
|
(d) Long-term Loan and Advances |
1376.823 |
23.406 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
|
Total Non-Current Assets |
2184.785 |
192.983 |
|
|
|
|
|
(2) Current assets |
|
|
|
(a) Current investments |
0.000 |
0.000 |
|
(b) Inventories |
428.979 |
217.046 |
|
(c) Trade receivables |
876.923 |
173.036 |
|
(d) Cash and cash
equivalents |
17.674 |
20.892 |
|
(e) Short-term loans and advances |
322.336 |
9.037 |
|
(f) Other current assets |
954.592 |
145.240 |
|
Total Current Assets |
2600.504 |
565.251 |
|
|
|
|
|
TOTAL |
4785.289 |
758.234 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
Income |
1721.058 |
1083.203 |
|
|
Other Income |
48.759 |
42.986 |
|
|
TOTAL |
1769.817 |
1126.189 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
274.804 |
55.213 |
|
|
Purchases of
Stock-in-Trade |
980.015 |
767.686 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(141.770) |
(33.476) |
|
|
Employees benefits
expense |
234.606 |
77.505 |
|
|
Other expenses |
500.104 |
117.059 |
|
|
TOTAL |
1847.759 |
983.987 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(77.942) |
142.202 |
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
111.888 |
10.813 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
(189.830) |
131.389 |
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
42.870 |
4.305 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(232.700) |
127.084 |
|
|
|
|
|
|
Less |
TAX |
6.421 |
41.647 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(239.121) |
85.437 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.05) |
0.02 |
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 |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
GENERAL INFORMATION
Clariant India Limited ("the Company") was incorporated on October 25, 2007. The Company is a wholly owned subsidiary of Clariant SingaporePte. Limited. The Company is engaged in trading of imported healthcare packaging material (Medical Specialties) used by pharmaceutical and other industries and selling in Indian markets. The Company also provide business support service such as Shared Service Centre, Research and Development and Product testing on cost plus margin basis. The Company has also started manufacturing and trading of products relating to Industrial Consumer Specialty (ICS) business as it has acquired ICS business from Clariant Chemicals (India) Limited during the year (Also refer note 39). Further during the year, the Company has changed its name from "Clariant India Private Limited" to "Clariant India Limited" vide fresh certificate of incorporation received from Registrar of Companies dated August 24, 2015
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
3759.128 |
191.392 |
|
Total |
3759.128 |
191.392 |
INDEX OF CHARGE: No Charges Exists for Company
FIXED ASSETS:
- Plant and machinery
- Furniture and fixtures
- Office equipments
- Vehicles
- Leasehold improvements
- Plant and 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 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 |
INR 63.67 |
|
|
1 |
INR 86.11 |
|
Euro |
1 |
INR 76.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKTS |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
--BANK CHARGES |
NO |
|
--LITIGATION |
NO |
|
--OTHER ADVERSE INFORMATION |
NO |
|
MERIT POINTS |
|
|
--SOLE DISTRIBUTORSHIP |
NO |
|
--EXPORT ACTIVITIES |
NO |
|
--AFFILIATION |
YES |
|
--LISTED |
NO |
|
--OTHER MERIT FACTORS |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.