MIRA
INFORM REPORT
|
Report Date : |
02.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
BDB EXPORTS PRIVATE LIMITED |
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Registered Office : |
2 Clive, Ghat Street, 3rd Floor, Unit 06, Kolkata – 700001,
West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
02.07.2002 |
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Com. Reg. No.: |
21-094824 |
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CIN No.: [Company
Identification No.] |
U51909WB2002PTC094824 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALB04834E |
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PAN No.: [Permanent
Account No.] |
AABCB9310N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on the business of Imports and Exports, Buyers, Sellers,
Traders, Merchants, Indentors, Brokers, Agents, Commission Agents,
Assemblers, Mediators, Packers, Stockists, Distributors, Advisors, Delaers of
and in all kinds of Leather and Finished Leather Goods, Leather Garments,
Leather Products, all related items in Leather, Electric and Electronics
Components and goods, Iron and Steel, Aluminium, Mineral, Ferrous and Non –
Ferrous Metal, Stainless Steel, Jute and Jute Products, Textile, Cotton, Synthetic,
Readymade Garments, Coal & Coke, Mica & Mica Products, Dry Flowers
and Plants, Printing, Transpiration and all other kinds of goods and
merchandise, Commodities and Articles of Consumption of all kinds in India or
elsewbere |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 57500 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established and reputed company having
satisfactory track. Directors are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
2 Clive, Ghat Street, 3rd Floor, Unit 06, Kolkata – 700001,
West Bengal |
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Tel. No.: |
91-33-30221121 |
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Mobile No.: |
91-9331025506 |
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Fax No.: |
91-33-30222721 |
DIRECTORS
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Name : |
Mr. Bhura Kumar Nirmal |
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Designation : |
Director |
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Address : |
2 Clive, Ghat Street, 3rd Floor, Unit 06, Kolkata – 700001,
West Bengal |
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Date of Birth/Age : |
07.07.1951 |
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Date of Appointment : |
02.07.2002 |
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Name : |
Mr. Bhura Kumar Narendra |
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Designation : |
Director |
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Address : |
2 Clive, Ghat Street, 3rd Floor, Unit 06, Kolkata – 700001,
West Bengal |
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Date of Birth/Age : |
05.05.1972 |
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Date of Appointment : |
02.07.2002 |
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Name : |
Mr. Bhura Shree Vijay |
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Designation : |
Director |
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Address : |
10, Lord Sinha Road, Kolkata – 700071 |
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Date of Birth/Age : |
25.12.1951 |
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Name : |
Mr. Bhura Kumar Rajendra |
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Designation : |
Director |
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Address : |
10, Lord Sinha Road, Kolkata – 700071 |
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Date of Birth/Age : |
11.11.1962 |
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Date of Appointment : |
29.11.2004 |
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Name : |
Ms. Bimala Devi Bhura |
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Designation : |
Director |
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Address : |
2 Clive, Ghat Street, 3rd Floor, Unit 06, Kolkata – 700001,
West Bengal |
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Date of Appointment : |
15.07.2002 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
Mr. Bhura Kumar Nirmal |
20800 |
|
Ms. Bhura Devi Bimala |
1000 |
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Mr. Bhura Kumar Narendra |
16000 |
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Mr. Rathndra Munshi |
3000 |
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Mr. Saha Nath Vishwa |
3750 |
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Mr. Saha Nath Bhola |
3750 |
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Mr. Ghos Tarua |
3100 |
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Mr. Sen Bhaskar |
2500 |
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Mr. Saha Anjan |
2500 |
|
M/s Dwip Chand Bhura & Sons. |
5000 |
|
M/s. BHP Rndia Private Limited |
70000 |
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Ms. Bhura Magani |
40000 |
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Mr. Bhura Chand Dwip |
5000 |
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Mr. Bhura Shree Vijay |
15000 |
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Mr. Bhura Vaidana |
15000 |
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M/s. Tof Performance Company Private Limited |
50000 |
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Mr. Nirmal Kumar Bhura |
70000 |
|
M/s. Nirmal Kumar Bhura & Sons. |
10000 |
BUSINESS DETAILS
|
Line of Business : |
To carry on the business of Imports and Exports, Buyers, Sellers,
Traders, Merchants, Indentors, Brokers, Agents, Commission Agents,
Assemblers, Mediators, Packers, Stockists, Distributors, Advisors, Delaers of
and in all kinds of Leather and Finished Leather Goods, Leather Garments,
Leather Products, all related items in Leather, Electric and Electronics
Components and goods, Iron and Steel, Aluminium, Mineral, Ferrous and Non –
Ferrous Metal, Stainless Steel, Jute and Jute Products, Textile, Cotton, Synthetic,
Readymade Garments, Coal & Coke, Mica & Mica Products, Dry Flowers
and Plants, Printing, Transpiration and all other kinds of goods and
merchandise, Commodities and Articles of Consumption of all kinds in India or
elsewbere |
GENERAL
INFORMATION
|
Bankers : |
State Bank of Bikaner & Jaipur, Park Street Branch, 57A, Park
Street, Kolkata – 700016, West Bengal |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M/s. Agarwal Mahesh & Company Chartered Accountant |
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Address : |
18, British Indian Street, 4th Floor, Kolkata – 700069,
West Bengal |
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Memberships : |
Nil |
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Collaborators : |
Nil |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,000,000 |
Equity Shares |
Rs. 10/- Each |
Rs. 10.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
336,400 |
Equity Shares |
Rs. 10/- Each |
Rs. 3.364
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
|
3.364 |
2.564 |
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2] Share Application Money |
|
6.700 |
9.300 |
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3] Reserves & Surplus |
|
4.418 |
3.198 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
14.482 |
15.062 |
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LOAN FUNDS |
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1] Secured Loans |
|
10.168 |
15.160 |
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2] Unsecured Loans |
|
10.027 |
3.395 |
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TOTAL BORROWING |
|
20.195 |
18.555 |
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DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
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TOTAL |
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34.677 |
33.617 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
0.821 |
0.364 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
|
3.713 |
1.558 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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30.132 |
5.270 |
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Sundry Debtors |
|
8.533 |
31.241 |
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Cash & Bank Balances |
|
8.491 |
2.587 |
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Other Current Assets |
|
0.000 |
0.000 |
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Loans & Advances |
|
23.178 |
25.346 |
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Total
Current Assets |
|
70.334 |
64.444 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
|
40.038 |
32.618 |
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Provisions |
|
0.197 |
0.176 |
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Total
Current Liabilities |
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40.235 |
32.794 |
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Net Current Assets |
|
30.099 |
31.650 |
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MISCELLANEOUS EXPENSES |
|
0.044 |
0.045 |
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TOTAL |
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34.677 |
33.617 |
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KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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|
4.17 |
3.40 |
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Current Ratio (Current Asset/Current Liability) |
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|
1.74 |
1.96 |
LOCAL AGENCY
FURTHER INFORMATION
|
Corporate
identity number (CIN) Foreign company registration number |
U51909WB2002PTC094824 |
|
Name of the
Company |
BDB EXPORTS PRIVATE LIMITED |
|
Address |
2 Clive, Ghat Street, 3rd Floor, Unit 06, Kolkata – 700001,
West Bengal |
|
Type of Charge |
Book debts,
Movable Property, Floating Charge |
|
Particulars of
the charge holder |
State Bank of Bikaner & Jaipur, Park Street Branch, 57A, Park
Street, Kolkata – 700016, West Bengal |
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Nature or
description of the instrument |
Supplemental Agreement of hypothecation of goods and assets for
increases in the overall limit |
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Date of
Instrument |
12.11.2006 |
|
Amount secured by
the charge |
Rs. 30.000
Milllions |
|
Brief of the
principal terms and conditions |
Rate of Interests
– As stipulated by the bank from time to time as per the banking norms and
RBI Guidelines Terms of
Repayment – Demand Margin – 25% of
raw material 25% of stock in
process and 25% of finished goods Extent and
operation – First charge on the world of the hypothecation assets |
|
Short particulars
of the property |
All present and
future goods book debts and all other movable assets of the borrower
including document of title to the goods, outstanding moneys, receivable,
claims, bills, invoices, contracts, investment, plant and machinery both
present and future and all other assets by way of first charge |
|
Date of latest
modification prior to the present modification |
07.01.2005 |
As per website
Details
They are leading exporter and importer in india since last
30 years, having their own office all over the india.
Their banker are bank of baroda, international business branch, kolkata having
their sister concern are bhikamchand dwipchand bhura, bdb exports, siddhi
exports and bhura exports. They mainly doing export of rice, wheat, maize, doc,
paper n chemicals, importing pulses.
They have own manufacturing unit in the name of their sister concern pioneer
metal industires manufacturing aluminum conductor all products are supplies to
indian electricity board they are also interested to export these one.
|
Company Name: |
BDB Exports Private Limited |
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Country/Territory: |
India |
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Address: |
2, Clive Ghat Street, Kolkata-700 M001,
West Bengal, India |
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Products/Services They Offer: |
Mineral, like powder or ball for cermaic
raw materials |
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Business Type: |
Trading Company |
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Industry Focus: |
Grain , Yarn , Others , |
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Geographic Markets: |
Eastern Asia |
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No. of Employees: |
11 - 50 People |
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Annual Sales Range (USD): |
US$1 Million - US$2.5 Million |
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Year Established: |
1971 |
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Legal Representative/CEO: |
P BRAHMA |
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.28 |
|
UK Pound |
1 |
Rs.86.62 |
|
Euro |
1 |
Rs.58.32 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions