MIRA INFORM REPORT

Report No. :	516598
Report Date :	23.06.2018

IDENTIFICATION DETAILS

Name :	LANXESS INDIA PRIVATE LIMITED

Registered Office :	Lanxess House, Plot No: A 162-164 Road No 27, MIDC, Wagle Estate, Thane (West) - 400 604, Maharashtra
Tel. No.:	91-22-25871000

Country :	India

Financials (as on) :	31.03.2017

Date of Incorporation :	20.02.2004

CIN No.: [Company Identification No.]	U24119MH2004PTC158377

Capital Investment / Paid-up Capital :	INR 10345.120 Million

IEC No.: [Import-Export Code No.]	0504023039

PAN No.: [Permanent Account No.]	AACCB3880A

GSTN : [Goods & Service Tax Registration No.]	27AACCB3880A1Z1

Legal Form :	Private Limited Liability Company

Line of Business :	The Company is primarily involved in manufacturing and trading of various chemical and chemical intermediates (Registered Activity)

No. of Employees :	893 (Approximately)

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low risk of default

Maximum Credit Limit :	USD 35000000

Status :	Good

Payment Behaviour :	Usually correct

Litigation :	Exists

Comments :	Subject was incorporated in the year 2004. It is a wholly owned subsidiary of “Lanxess Deutschland GmbH”, Germany. It is engaged in manufacturing and trading of chemical intermediates. For the financial year 2017, the company has achieved revenue growth of 7.86% as compared to the previous year revenue along with an average profit margin of 5.30%. The sound financial profile of the company is marked by adequate networth base along with average debt coverage indicators due to low debt balance sheet profile. Rating also takes into account the strong financial and managerial support that company receives from its holding entity backed by its well experienced management team. Payments seems to be usually correct. In the view 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.

ECGC Country Risk Classification List

Country Name

Previous Rating

(31.12.2017)

Current Rating

(01.04.2018)

India

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 31-03-2018.

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 23.06.2018

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 DECLINED

Management non-cooperative (Tel No.:91-22-25871000)

Tel No.: 91-7366-245104/ 245447/ 248735 (Not Working)

Tel No.:91-2645-226800 (Ringing)

LOCATIONS

Registered Office :	Lanxess House, Plot No: A 162-164 Road No 27, MIDC, Wagle Estate, Thane (West) - 400 604, Maharashtra, India
Tel. No.:	91-22-25871000
Fax No.:	91-22-25871287
E-Mail :	sreeram.venkey@lanxess.com infoindia@lanxess.com neelanjan.banerjee@lanxess.com subi26@gmail.com lanxess-info@lanxess.com
Website :	http://www.lanxess.in

Factory 1 :	Post Birlagram, Nagda, District: Ujjain – 456331, Madhya Pradesh, India
Fax No.:	91-7366-246283

Factory 2 :	Jhagadia Industrial Estate Plot No. 748/2/A, 748/3 and 748/4/B, GIDC Jhagadia, Bharuch - 393110, Gujarat, India
Tel. No.:	91-2645-226800

DIRECTORS

As on 31.03.2018

Name :

Dr. Jacques Louis Albert Perez

Designation :

Managing Director

Address :

Flat No.202, Odyssey 2, 2^nd Floor, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra, India

Date of Birth/Age :

26.04.1962

Date of Appointment :

15.04.2013

PAN No.:

CHNPP7092P

DIN No.:

06548546

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U24100DL2012FTC245105	LANXESS SOLUTIONS INDIA PRIVATE LIMITED	29/09/2017	-

Name :

Dr. Dattaprasad Govind Talekar

Designation :

Whole-time Director

Address :

Flat No.403, Building No.3, Wimbledon Park, Pokhran Road No.1, Opposite JK School, Thane – 400602, Maharashtra, India

Date of Birth/Age :

28.08.1957

Date of Appointment :

24.06.2016

PAN No.:

AAZPT5132B

DIN No.:

00012595

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74900MH2007FTC173361	LANXESS PURIFICATION PRIVATE LIMITED	26/03/2008	-

Name :

Mr. Neelanjan Sarojkumar Banerjee

Designation :

Whole-time Director

Address :

2401, 24^th Floor, Hiranandani Meadows, Northside Building, Gladys Alwares Road, Off Pokhran Road No.2, Thane (West) – 400610, Maharashtra, India

Date of Birth/Age :

02.03.1973

Date of Appointment :

01.09.2009

PAN No.:

ADIPB2496A

DIN No.:

02743360

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U24100DL2012FTC245105	LANXESS SOLUTIONS INDIA PRIVATE LIMITED	29/09/2017	-

Name :

Dr. Rainier Arnold Quirinus Maria Van Roessel

Designation :

Director

Address :

Merkel Weg, 1A, Bergisch Gladbach, Bergisch Gladbach – 51427, Germany

Date of Birth/Age :

04.08.1957

Date of Appointment :

04.06.2007

DIN No.:

01599378

KEY EXECUTIVES

Name :	Mr. Sreeram Venkey
Designation :	Finance Manager and Company Secretary
Address :	8, Siddhivinayaka Vighnahara CHS Limited, Chedda Nagar, Chembur, Mumbai – 400089, Maharashtra, India
Date of Birth/Age :	03.07.1962
Date of Appointment :	01.07.2004
PAN No.:	AABPV4846Q

MAJOR SHAREHOLDERS

As on 31.03.2017

Names of Equity Shareholders		No. of Shares
LANXESS Deutschland GmbH, Germany		1034512262
LANXESS Deutschland GmbH, Germany jointly with Sreeram Venkey [Nominee of Lanxess Deutschland GmbH, Germany]		3
LANXESS Deutschland GmbH, Germany jointly with Dattaprasad Talekar [Nominee of LANXESS Deutschland GmbH, Germany]		1
Total		1034512266

Names of Preference Shareholder

No. of Shares

LANXESS Deutschland GmbH, Germany

43200000

Total

43200000

Equity Share Break up (Percentage of Total Equity)

As on 25.09.2017

Category	Percentage
Promoters (Body corporate)	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is primarily involved in manufacturing and trading of various chemical and chemical intermediates (Registered Activity)

Products / Services :

Item Code No.	Products/Services Description
29062100	Benzyl Alcohol
38123010	Vulkanox
38121000	Vulkacit

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS – (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

893 (Approximately)

Bankers :

Deutsche Bank
Citi Bank NA
Bank of America
Standard Chartered Bank

Auditors :
Name :	Sharp and Tannan Associates Chartered Accountants
Address :	87 , Nariman, Bhavan, 227, Nariman Point, Mumbai -400 021, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAAFS1034J

Memberships :	Not Available

Collaborators :	Not Available

Holding Company:	Lanxess Deutschland GmbH, Germany

Ultimate Holding Company:	Lanxess Ag, Germany

Fellow Subsidiaries:	Antec International Limited, United Kingdom Arlanxeo Brasil S.A., Brazil Arlanxeo Deutschland GmbH, Germany Arlanxeo Emulsion Rubber France S.A.S., France Arlanxeo High Performance Elastomers (Changzhou) Company Limited, China Arlanxeo Netherlands B.V., Netherlands Arlanxeo Singapore Pte. Limited, Singapore Arlanxeo Switzerland S.A, Switzerland Arlanxeo Usa Llc, Usa Arlanxeo-Tsrc (Nantong) Chemical Industrial Company, Limited, China (Formerly Lanxess-Tsrc (Nantong) Chemical Industrial Company, Limited China & Renamed On 27-06-2016) Lanxess (Changzhou) Company, Limited, China Lanxess (Ningbo) Pigments Company, Limited, China Lanxess (Pty.) Limited, South Africa Lanxess (Wuxi) High Performance Composite Materials Company Limited, China Lanxess Central Eastern Europe S.R.O., Slovakia Lanxess Chemical (China) Company Limited, China Lanxess Chemicals S.L., Spain Lanxess Corporation, Usa Lanxess Distribution Gmbh, Germany Lanxess Hong Kong Limited, Hong Kong Lanxess Industria De Produtos Quimicos E Plasticos Ltda., Brazil Lanxess K.K., Japan Lanxess Korea Limited, Korea Republic Lanxess Liyang Polyols Company, Limited, China Lanxess N.V., Belgium Lanxess Pte. Limited, Singapore Lanxess Pty Limited, Australia Lanxess S.A. De C.V., Mexico Lanxess S.A., Argentina Lanxess S.A.S., France Lanxess Shanghai Pigments Company Limited, China Ooo Lanxess - Russia Rhein Chemie (Qingdao) Limited, China Rhein Chemie Rheinau Gmbh,Germany (Till 30-09-2016) Rhein Chemie Uruguay S.A., Uruguay Saltigo Gmbh, Germany

CAPITAL STRUCTURE

After 25.09.2017

Authorised Capital : INR 13566.510 Million

Issued, Subscribed & Paid-up Capital : INR 10633.123 Million

As on 25.09.2017

Authorised Capital :

No. of Shares	Type	Value	Amount

1206651000	Equity Shares	INR 10/- each	INR 12066.510 Million
150000000	Preference Shares	INR 10/- each	INR 1500.000 Million
	Total		INR 13566.510 Million

Issued Capital:

No. of Shares	Type	Value	Amount

1034512266	Equity Shares	INR 10/- each	INR 10345.123 Million
144000000	Preference Shares	INR 10/- each	INR 1440.000 Million
	Total		INR 11785.123 Million

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

1034512266	Equity Shares	INR 10/- each	INR 10345.123 Million
43200000	Preference Shares	INR 10/- each	INR 432.000 Million
	Total		INR 10777.123 Million

As on 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount

1206651000	Equity Shares	INR 10/- each	INR 12066.510 Million

Issued Capital:

No. of Shares	Type	Value	Amount

1034512266	Equity Shares	INR 10/- each	INR 10345.123 Million

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

1034512266	Equity Shares	INR 10/- each	INR 10345.120 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	10345.120	10345.120	8147.000
(b) Reserves & Surplus	2110.000	1148.000	577.000
(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)	12455.120	11493.120	8724.000

(3) Non-Current Liabilities
(a) long-term borrowings	875.000	894.000	4494.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	454.000	382.000	137.000
(d) long-term provisions	270.000	97.000	315.000
Total Non-current Liabilities (3)	1599.000	1373.000	4946.000

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	1462.000	1242.000	1118.000
(c) Other current liabilities	613.000	1729.000	1517.000
(d) Short-term provisions	469.000	438.000	400.000
Total Current Liabilities (4)	2544.000	3409.000	3035.000

TOTAL	16598.120	16275.120	16705.000

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6376.000	6422.000	6929.000
(ii) Intangible Assets	428.000	426.000	495.000
(iii) Capital work-in-progress	348.120	443.120	535.000
(iv) Intangible assets under development	2.000	6.000	0.000
(b) Non-current Investments	11.000	11.000	11.000
(c) Deferred tax assets (net)	219.000	350.000	570.000
(d) Long-term Loan and Advances	3.000	3.000	504.000
(e) Other Non-current assets	304.000	353.000	1.000
Total Non-Current Assets	7691.120	8014.120	9045.000

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2896.000	2409.000	2688.000
(c) Trade receivables	3753.000	3276.000	3202.000
(d) Cash and cash equivalents	1261.000	1348.000	402.000
(e) Short-term loans and advances	9.000	12.000	1368.000
(f) Other current assets	988.000	1216.000	0.000
Total Current Assets	8907.000	8261.000	7660.000