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MIRA INFORM REPORT
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Report No. : |
510870 |
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Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
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Name : |
DOW CHEMICAL INTERNATIONAL PRIVATE LIMITED (w.e.f. 01.11.1999) |
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Formerly Known
As : |
DOW ( |
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Registered
Office : |
1st Floor, Block B, Godrej IT Park, 02, Godrej Business,
Pirojshanagar, Vikhroli (West), Mumbai – 400079, Maharashtra |
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Tel. No.: |
91-22-66741500 / 800 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
13.02.1998 |
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Com. Reg. No.: |
11-113551 |
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Capital
Investment / Paid-up Capital : |
INR 34.633 Million |
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CIN No.: [Company Identification
No.] |
U24239MH1998PTC113551 |
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IEC No.: [Import-Export Code No.] |
0398016666 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACD4467B1ZY |
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TIN No.: |
27120325608 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACD4467B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of manufacturing, trading and indenting in chemicals, speciality materials and automotive engineering solutions. The Company is also engaged in back-end support, engineering and research and development activities (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A++ |
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Dow Chemical Pacific (Singapore) Pte. Limited” and was incorporated in the year 1998. It is having excellent track records. For the financial year 2017, the company has increased its revenue from operation as compared to previous year and maintained average profitability margin of 3.14%.
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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 |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 24.05.2018
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.:91-22-66741500)
LOCATIONS
|
Registered Office / Corporate
Office: |
1st Floor, Block B, Godrej IT Park, 02, Godrej Business, Pirojshanagar, Vikhroli (West), Mumbai – 400079, Maharashtra, India |
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Tel. No.: |
91-22-66741500 / 66741700/ 67328251 |
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Fax No.: |
91-22-66741824 |
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E-Mail : |
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Website : |
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Application
Development Lab: |
CADC, 3rd and 4th Floor, Satyam Towers Neelkamal Sanghavi Estate, M Towers Neelkamal Sanghavi Estate Behind USV Limited Off. Govandi Station Road, Mumbai -400088, Maharashtra, India |
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PU System House: |
Plot No.8-A, 1/2 Kalwa Block, Thane Belapur Road, Kalwa, Thane-400708, Maharashtra, India |
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Manufacturing 1/ Operation 1 : |
Plot No. T – 22/ PT, MIDC Taloja, Taloja, Navi Mumbai, District: Raigad - 410208, Maharashtra, India |
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Tel. No.: |
91-22-39685555 |
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Manufacturing 2 / operations 2 : |
A-1, MIDC, Lote Parshuram Khed, District Ratnagiri -415722, Maharashtra India |
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Tel. No.: |
91-2356-272034 |
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Factory 3: |
Old Mumbai Pune Road, Palaspe, Survey No.123, CCI Logistics Park, Village Kolkhe, Panvel, Raigad -410206, Maharashtra, India |
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India Engineering Center (Centre Of Excellence): |
Taramai Tech Park, SP Plot No. 16 – 19 and 20, Thiruvika Industrial Estate, Guindy, Channai – 600032, Tamilnadu, India |
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Tel. No.: |
91-44-39815000 |
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Application Development Lab: |
CADC, Satyam Towers Neelkamal Sanghavi Estate, M Towers Neelkamal Sanghavi Estate, Behind USV Limited Office, Govandi Station Road, Mumbai - 400028, Maharashtra, India |
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Tel. No.: |
91-22-61820423 |
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Corporate Office: |
Block 2, Godrej IT Park, Godrej Business District, Vikhroli West, Mumbai – 400079, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mrs. Ramolla T. Karnani |
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Designation : |
Director |
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Address : |
701 – 702, Anant Basera, S. S. Patkar Mahavidhyalaya Marg, Off S. V.
Road, Goregaon (West), Mumbai – 400062, Maharashtra, India |
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Date of Birth/Age : |
11.08.1959 |
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Date of Appointment : |
29.07.2004 |
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PAN No.: |
AAEPK7929A |
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DIN No.: |
00174531 |
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Name : |
Mr. Chandrakant Nayak |
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Designation : |
Director |
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Address : |
C – 31/266 MIG Colony, Gandhi Nagar, Bandra, Mumbai – 400051, |
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Date of Birth/Age : |
09.08.1966 |
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Date of Appointment : |
21.11.2006 |
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PAN No.: |
AAEPN2157M |
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DIN No.: |
00680762 |
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Name : |
Mr. Subhash Shrinivas Mukadam |
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Designation : |
Director |
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Address : |
F33, 2/3 Prem Sagar CHS, Sector 29, Vashi, Navi Mumbai -400703, Maharashtra, India |
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Date of Birth/Age : |
05.05.1959 |
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Date of Appointment : |
20.09.2011 |
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PAN No.: |
ABGPM8027Q |
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DIN No.: |
03593259 |
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Name : |
Mr. Sudhir Ganpathy Shenoy |
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Designation : |
Director |
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Address : |
A-1802, Great Eastern Gardens, LBS Marg, Kanjurmarg
West, Mumbai – 400078, Maharashtra, India |
|
Date of Appointment : |
28.09.2015 |
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PAN No.: |
AVIPS9229A |
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DIN No.: |
05289639 |
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Name : |
Mr. Ragunathan Thangavel |
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Designation : |
Director |
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Address : |
Asvini Amrisa, 4th Blk, 3A, 77,
Kalasat, Hamman ST, Rampuram, Chennai – 600089, Tamilnadu, India |
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Date of Appointment : |
08.02.2016 |
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DIN No.: |
06939240 |
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Name : |
Mr. Edosa Agbon Obayagbona |
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Designation : |
Director |
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Address : |
Flat No. 2202,EVITA, Hiranandani Gardens Powai, Mumbai – 400076,
Maharashtra, India |
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Date of Appointment : |
22.05.2017 |
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DIN No.: |
07822039 |
KEY EXECUTIVES
|
Name : |
Mr. Sudhir Ganpathy Shenoy |
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Designation : |
Chief Executive Officer |
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Address : |
A-1802, Great Eastern Gardens, LBS Marg,
Kanjurmarg West, Mumbai – 400078, Maharashtra, India |
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Date of Appointment : |
30.01.2015 |
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PAN No.: |
AVIPS9229A |
MAJOR SHAREHOLDERS
AS ON 28.09.2017
|
Names of Shareholders |
|
No. of Shares |
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Dow Chemical Pacific (Singapore) Pte. Limited, Singapore |
|
2493322 |
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Rohm and Haas Denmark Finance As |
|
969962 |
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Dow Chemical Singapore Holdings Pte. Limited, Singapore |
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17 |
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Total |
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3463301 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2017
|
Category |
Percentage |
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Promoters- Body corporate |
71.99 |
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Public/Other than promoters - Body corporate |
28.01 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of manufacturing, trading and indenting in chemicals, speciality materials and automotive engineering solutions. The Company is also engaged in back-end support, engineering and research and development activities (Registered Activity) |
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Products / Services
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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 denied by the management |
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Bankers : |
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Auditors : |
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Name : |
Deloitte Haskins and Sells LLP Chartered Accountant |
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Address : |
12, Dr. Annie Besant Road, opp. Shiv Sagar Estate, Worli, Mumbai-400018 Mumbai – 400013, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
· Dow Chemical Pacific (Singapore) Pte Limited |
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Ultimate Holding
company: |
· DowDuPont Inc. (formerly known as The Dow Chemical Company, USA) |
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Fellow subsidiary: |
· Dow Chemical Canada ULC · Dow France S.A.S. · Dow Benelux B.V. · Dow Chemical Iberica S.L. · Filmtec Corporation · Dow Italia S.R.L. · Dow Chemical (Australia) Pty Ltd · Dow Chemical Japan Ltd. (Agrosciences Division) · Dow Deutschland Anlagengesellschaft MbH · Dow Brasil Ind e Com de Produtos Quimicos LTDA · Dow Chemical Japan Ltd · Dow Engineering Company · Dow AgroSciences Switzerland S.A. · Dow Chemical IMEA GmbH · Dow Quimica Argentina SA · Dow Agrosciences BV Philippines Branch · Dow Agrosciences Australia Ltd. · Dow Chemical Taiwan Limited · Dow Chemical Thailand Ltd · Dow Chemical (NZ) Ltd · Dow Chemical Pacific Ltd Philippines Branch · Dow Chemical Pacific Limited · Dow AgroSciences (NZ) Limited · DCOMCO Inc · Dow Chemical Korea Limited · Dow Chemical Korea Ltd - Hongkong Branch · Dow Europe Holding B.V. · Dow Southern Africa Ltd · Dow AgroSciences India Pvt. Ltd. · Dow Mideast Systems · Dow Brasil Sudeste Industrial Ltda. · Dow Chemical (Guangzhou) Company Limited · Dow Quimica de Colombia SA · Dow Turkiye Kimya Sanayi ve Ticaret Ltd Sti · Petroquimica Dow S.A. · P.T Dow Agrosciences Indonesia · Hampshire Chemical Corp. · Dow Chemical Thailand Ltd - Hongkong Branch · Dow AgroSciences Southern Africa (Proprietary) Limited · Dow Chem China Invest Co-Guangzhou Br · Dow Olefinverbund GmbH · Dow Chemical (Wuhan) Co., Ltd · PT Dow Chemical Indonesia · ANGUS Chemical Company · ANGUS Chemie GmbH · Dow Deutschland Inc. · Dow AgroSciences (China) Company Limited · Dow Europe GmbH · Dow Plastics Southern Africa · Dow Stade Produktions GmbH & Co. OHG · Dow International Technology Corporation · Dow Chemical (China) Investment Company Limited · Business Process Service Center Terneuzen BV · Pt Dow Indonesia · Dow Business Services LLC · Dow Chemical OLED Ltd · Dow Specialties Saudi Arabia LLC · Dow Chemical Pacific (Singapore) Private Limited · Voltas Water Solutions Private · Dow Chemical Singapore Holdings Pte Ltd · Global Industrial Corporation · Carbide Chemical (Thailand) Limited · Dow Chemical (Shanghai) Company Limited. · Dow Chemical (Malaysia) Sdn. Bhd. · RH International Trading Co. · RH France SAS · Rohm & Haas Texas Inc. · Rohm & Haas Electronic Materials Llc · Rohm & Haas Shanghai Chemical · Rohm and Haas S Africa Ltd · Rohm and Haas Mexico SRL · RHEM Asia Ltd · Rohm and Haas Taiwan Inc · Rohm and Haas Korea Co Ltd · RHEM Korea Ltd · Rohm and Haas Chemical (Thailand) Limited · Rohm and Haas (India) Pvt. Ltd. (Upto 31st March, 2015) · RH China R & D Center · RH Malaysia Sdn Bhd · PT R&H Indonesia · RH Singapore (Pte) Ltd · Rohm & Haas Chemicals LLC · Rohm and Haas Company · RHEM (Dongguan) Ltd · RH Europe Sarl · Rohm & Haas Europe Trading Aps · RH Europe Trading ApS Belgium · Rohm and Haas Australia Pty Ltd · RH New Zealand Ltd · Rohm and Haas China Inc. · RH Foshan Specialty Materials Co., Ltd · Rohm &Haas Quimica Ltd · Rohm and Haas Japan Kabushiki Kaisha · RHEM KK · RH Finland OY · RH (China) Holding Co., Ltd · Rohm and Haas India Investments Aps · Rohm and Haas Denmark Finance A/S · Rohm and Haas Vietnam Co Ltd · Zhejiang Omex Environmental Engineering · Dow Chemical (Zhangjiagang) Co., Ltd · Dow Corning India Private Limited (from 1st May 2016) · Multibase India Limited (from 1st May 2016) · Blue Cube Chemicals India Private Limited (upto 1st October 2015) · Zhejiang Pacific Chemical Company |
CAPITAL STRUCTURE
AFTER 28.09.2017
Authorised Capital : INR
3950.000 Million
Issued, Subscribed & Paid-up Capital : INR 45.637 Million
AS ON 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
340000000 |
Equity Shares |
INR 10/- each |
INR 3400.000 Million |
|
55000000 |
Preference Shares |
INR 10/- each |
INR 550.000 Million |
|
|
Total |
|
INR 3950.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3463301 |
Equity Shares |
INR 10/- each |
INR 34.633 Million |
|
|
|
|
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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 |
34.633 |
34.633 |
24.933 |
|
(b) Reserves and Surplus |
7785.193 |
8496.347 |
2745.475 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’
Funds (1) + (2) |
7819.826 |
8530.980 |
2770.408 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
48.028 |
138.713 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
162.068 |
129.096 |
128.974 |
|
Total Non-current
Liabilities (3) |
210.096 |
267.809 |
128.974 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
0.000 |
990.006 |
3078.453 |
|
(b) Trade
payables |
9889.822 |
7470.128 |
3949.039 |
|
(c) Other
current liabilities |
1672.446 |
1004.231 |
404.066 |
|
(d) Short-term
provisions |
455.738 |
350.463 |
264.564 |
|
Total Current
Liabilities (4) |
12018.006 |
9814.828 |
7696.122 |
|
|
|
|
|
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TOTAL |
20047.928 |
18613.617 |
10595.504 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1074.129 |
1293.205 |
451.246 |
|
(ii)
Intangible Assets |
675.541 |
893.030 |
0.581 |
|
(iii) Tangible assets
capital work-in-progress |
310.752 |
44.291 |
5.593 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
232.610 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
705.338 |
|
(e) Other
Non-current assets |
1636.119 |
1489.563 |
0.000 |
|
Total Non-Current
Assets |
3696.541 |
3720.089 |
1395.368 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
5932.475 |
5574.758 |
3801.108 |
|
(c) Trade
receivables |
7884.416 |
7142.732 |
4001.439 |
|
(d) Cash and
bank balances |
798.913 |
88.535 |
250.399 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
1143.405 |
|
(f) Other
current assets |
1735.583 |
2087.503 |
3.785 |
|
Total
Current Assets |
16351.387 |
14893.528 |
9200.136 |
|
|
|
|
|
|
TOTAL |
20047.928 |
18613.617 |
10595.504 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
31495.023 |
28981.431 |
19564.799 |
|
|
Other Income |
218.716 |
356.725 |
235.791 |
|
|
TOTAL |
31713.739 |
29338.156 |
19800.590 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
9267.497 |
8588.821 |
2997.755 |
|
|
Purchases of
Stock-in-Trade |
12139.034 |
11026.648 |
9448.945 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(350.047) |
(53.848) |
410.459 |
|
|
Employees benefits
expense |
2075.725 |
2053.947 |
2089.533 |
|
|
Other expenses |
5369.880 |
5260.878 |
3007.186 |
|
|
CSR
Expenses |
0.000 |
0.000 |
25.925 |
|
|
TOTAL |
28502.089 |
26876.446 |
17979.803 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
3211.650 |
2461.710 |
1820.787 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
130.579 |
290.861 |
291.243 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
3081.071 |
2170.849 |
1529.544 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
490.132 |
569.829 |
168.302 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2590.939 |
1601.020 |
1361.242 |
|
|
|
|
|
|
|
Less |
TAX |
1602.209 |
1218.724 |
439.243 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
988.730 |
382.296 |
921.999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
285.49 |
110.38 |
369.79 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
4464.187 |
3633.429 |
3183.908 |
|
Net cash flow from operating activity |
3797.614 |
2970.541 |
2786.161 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
91.37 |
89.96 |
74.65 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry
Debtors) |
3.99 |
4.06 |
4.89 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors /
Purchases * 365 Days) |
168.63 |
139.00 |
115.81 |
|
|
|
|
|
|
Inventory Turnover (Operating Income /
Inventories) |
0.54 |
0.44 |
0.48 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net
Fixed Assets) |
1.56 |
1.10 |
3.98 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.60 |
0.53 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
0.00 |
0.12 |
1.11 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities /
Net Worth) |
1.54 |
1.15 |
2.78 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets /
Networth) |
0.26 |
0.26 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
24.60 |
8.46 |
6.25 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
% |
3.14 |
1.32 |
4.71 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) *
100) |
% |
4.93 |
2.05 |
8.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) *
100) |
% |
12.64 |
4.48 |
33.28 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.36 |
1.52 |
1.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.87 |
0.95 |
0.70 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.39 |
0.46 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
28.59 |
123.47 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets /
Total Current Liabilities) |
1.36 |
1.52 |
1.20 |
Total Liability = Short-term Debt + Long-term Debt
+ Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
24.933 |
34.633 |
34.633 |
|
Reserves & Surplus |
2745.475 |
8496.347 |
7785.193 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2770.408 |
8530.980 |
7819.826 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
3078.453 |
990.006 |
0.000 |
|
Total
borrowings |
3078.453 |
990.006 |
0.000 |
|
Debt/Equity
ratio |
1.111 |
0.116 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
19564.799 |
28981.431 |
31495.023 |
|
|
|
48.130 |
8.673 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
19564.799 |
28981.431 |
31495.023 |
|
Profit |
921.999 |
382.296 |
988.730 |
|
|
4.71% |
1.32% |
3.14% |
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 |
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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 |
Note: Registered address
of the company has been shifted from “Corporate Par, Unit No. 1 V. N. Purav
Marg, Chembur, Mumbai – 400071, Maharashtra, India” to the present address
w.e.f.02.05.2012
COMPANY BACKGROUND
Subject Company was was incorporated on February 13, 1998, as a private limited company. The Company is engaged in the business of manufacturing, trading and indenting in chemicals, speciality materials and automotive engineering solutions. The Company is also engaged in back-end support, engineering and research and development activities and has three plants in Kalwa and Taloja, Maharashtra and Sriperumbadur, Tamil Nadu.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
0.000 |
90.006 |
|
Loans repayable on demand from others |
0.000 |
900.000 |
|
Total |
0.000 |
990.006 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
Y10512533 |
90384554 |
BANK OF AMERICA |
08/10/2002 |
- |
- |
2500000.0 |
EXPRESS TOWERNARIMAN POINT MUMBAI MAHARASHTRA INDIA |
|
2 |
Y10504675 |
90376793 |
PUNJAB & SIND BANK |
13/03/1967 |
17/02/1969 |
- |
1890000.0 |
KAROL BAGHNEW DELHI INDIA |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
·
Vehicles
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 65.06 |
|
|
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.