|
|
|
MIRA INFORM REPORT
|
Report No. : |
497433 |
|
Report Date : |
12.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
UJIN PHARMACHEM |
|
|
|
|
Registered
Office : |
A/307, 3rd Floor, Skyline Epitome, Behind Jolly Gymkhana, Kirol Road, Ghatkopar (East), Mumbai – 400077, Maharashtra |
|
Tel. No.: |
91-22-61380000 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment : |
05.05.2005 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0308054156 |
|
|
|
|
TIN No.: |
27340361959 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABFU7706Q1ZJ |
|
|
|
|
VAT TIN No.: |
27340361959V |
|
|
|
|
CST TIN No.: |
27340361959V |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABFU7706Q |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Chemicals, Bulk Drugs and
Pharmaceutical Products. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a partnership firm established in the year 2005 and it is a trader, exporter and importer of chemicals, Bulk Drugs and Pharmaceutical Products. Mr. Sunil (Logistics Manager) has provided general information but he denied to provide any financial information about the subject. As per indirect sources, we could find that the subject has achieved a sales turnover of INR 1468.800 million along with INR 5.000 million profit in the FY 2016 and INR 1323.400 million and INR 8.500 million in the FY 2017. However, the figures are not verified. Rating takes into consideration the subject’s satisfactory track record of business operations marked by extensive experience of promoters in trading business, along with established customer relationships and diverse customer base and funding support from promoters. However, rating strength is partially offset by its presence in highly competitive chemicals and bulk drugs industry and working-capital-intensive operations. Payments are reported to be slow but correct. In view of aforesaid, the subject 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 |
CRISIL |
|
Rating |
Long term Rating=BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
19.07.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating=A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
19.07.2017 |
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 12.03.2018
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sunil |
|
Designation : |
Logistics Manager |
|
Contact No.: |
91-22-61380000 |
|
Date : |
10.03.2018 |
LOCATIONS
|
Registered Office : |
A/307, 3rd Floor, Skyline Epitome, Behind Jolly Gymkhana, Kirol Road, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Tel. No.: |
91-22-61380000 |
|
Mobile No.: |
91-9702464057 (Mr. Sunil) |
|
Fax No.: |
91-22-61380007 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1200 sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
Rehnal Village, Bhiwandi, Thane – 421305, Maharashtra,
India |
|
Location : |
Rented |
|
Locality : |
Commercial |
PARTNERS
|
Name : |
Mr. Umang Mehta |
|
Designation : |
Partner |
|
Date of Birth/Age : |
34 Years |
|
Qualification : |
Graduate |
|
Experience : |
12 Years |
|
|
|
|
Name : |
Mr. Jinesh Sheth |
|
Designation : |
Partner |
|
Date of Birth/Age : |
33 Years |
|
Qualification : |
Graduate |
|
Experience : |
12 Years |
KEY EXECUTIVES
|
Name : |
Mr. Sunil |
|
Designation : |
Logistics Manager |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Chemicals, Bulk Drugs and
Pharmaceutical Products. (Confirmed by management) |
|
|
|
|
Products/ Services : |
·
Chemicals ·
Bulk Drugs ·
Pharmaceutical Products |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
· Chemicals · Bulk Drugs · Pharmaceutical Products. |
|
Countries : |
Uganda |
|
|
|
|
Imports : |
|
|
Products : |
· Chemicals · Bulk Drugs · Pharmaceutical Products. |
|
Countries : |
·
Russia ·
Korea ·
China ·
Taiwan ·
Thailand |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30, 60 Days) and Others [NEFT] |
|
|
|
|
Purchasing : |
Cash, Credit (30, 60 Days) and Others [NEFT] |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers and End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
30 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
A. P. Doshi and Company Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
INR Million]
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Net Sales |
|
1323.400 |
1468.800 |
|
|
|
|
|
|
Profit After Tax |
|
8.500 |
5.000 |
The above information has been taken from Indirect source i.e. CRISIL
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
FINANCIAL ANALYSIS
[all figures are
INR Million]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Net Sales |
1468.800 |
1323.400 |
|
|
|
(9.899) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Net Sales |
1468.800 |
1323.400 |
|
Profit |
5.000 |
8.500 |
|
|
0.34% |
0.64% |
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 |
Yes |
|
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 |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
No |
|
24 |
Capital in the business |
No |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
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 records 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
|
INR |
|
US Dollar |
1 |
INR 65.08 |
|
UK Pound |
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
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.