MIRA
INFORM REPORT
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Report Date : |
06.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
LILLAS MINEZ & MINERAL |
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Registered Office : |
62, Bentinck Street, Sulte – 208, 2nd Floor, Kolkata –
700069, 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 : |
2003 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Merchant Exporter of Bauxite, China Clay, Dolomite,
Dye Oxide, Iron Ore, Limestone, Manganese Metals etc |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 10000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established concern having satisfactory track.
Proprietor is reported as experienced, respectable and having satisfactory
means of his own. His trade relations are fair. Payments are usually correct and as per
commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office/Factory : |
62, Bentinck Street, Sulte – 208, 2nd Floor, Kolkata –
700069, West Bengal |
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Tel. No.: |
91-33-22251654/22250868 |
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Mobile No.: |
91-9830017580 |
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Fax No.: |
91-33-22257988 |
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E-Mail : |
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Website : |
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Area : |
350 Sq. ft |
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Location : |
Owned |
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Warehouse: |
At Haldia, (West Bengal) |
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Branches : |
Keonjhar New Market, Ajay Electronic Complex, Groun Floor, Kconjhar,
Orissa |
SOLE PROPRIETOR
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Name : |
Mr. Saptarshree Sinha Roy |
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Designation : |
Proprietor |
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Date of Birth/Age : |
33 Years |
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Qualification : |
Graduate |
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Experience : |
1 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Merchant Exporter of Bauxite, China Clay, Dolomite,
Dye Oxide, Iron Ore, Limestone, Manganese Metals etc |
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Products : |
v
Bauxite v
China Clay v
Dolomite v
Dye Oxide v
Iron Ore
(Sized Ore & Fines) v
Limestone v
Manganese v
Metals v
Real Oxide v
Mica Sheet v
Mica v
Mineral
Potash v
Quartz v
Rose Quartz v
Silica Sand |
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Exports : |
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Products : |
Bauxite, China Clay, Dolomite |
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Countries : |
Germany, Turkey and Italy |
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Terms : |
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Selling : |
L/C & Credit (30 to 45 days) |
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Purchasing : |
L/C & Cash (30 to 45 days) |
GENERAL
INFORMATION
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Customers : |
End Users & Traders |
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No. of Employees : |
20 |
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Bankers : |
Oriental Bank of Commerce, R N Mukherjee, Kolkata |
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Facilities : |
The concern do not enjoy facility from its bankers |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
A K Banerjee & Company Chartered Accountant |
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Memberships : |
Nil |
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Collaborators : |
Nil |
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Associates/Subsidiaries : |
Lillas Trade & Export Kolkata Line of Business – Traders Lillas Agros Kolkata Line of Business – Agro Commodities
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.149 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 1.149 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.149 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.149 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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1.149 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.338 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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1.226 |
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Sundry Debtors |
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0.383 |
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Cash & Bank Balances |
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0.204 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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1.813 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.002 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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1.002 |
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Net Current Assets |
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0.811 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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1.149 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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30.09.2006
(Unaudited) |
31.03.2006 |
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Sales Turnover |
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11.300 |
10.793 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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11.300 |
10.793 |
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Profit/(Loss) Before Tax |
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NA |
0.201 |
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Provision for Taxation |
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NA |
0.00 |
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Profit/(Loss) After Tax |
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NA |
0.201 |
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Expenditures : |
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Salaries, Wages, Bonus, etc. |
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NA |
0.253 |
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Payment to Auditors |
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NA |
0.030 |
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Depreciation & Amortization |
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NA |
0.108 |
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Other Expenditure |
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NA |
0.559 |
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Total Expenditure |
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NA |
0.950 |
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Expected Sales (2006-07) : Rs. 25.000 Millions
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
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PAT / Total
Income |
(%) |
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1.86 |
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Net Profit Margin (PBT/Sales) |
(%) |
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1.86 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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9.34 |
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Return on Investment (ROI) (PBT/Networth) |
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0.17 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.87 |
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Current Ratio (Current Asset/Current Liability) |
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1.80 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References
v E C Bose & Company, Kolkata
v APSB Minerals, Bhubneshwar, Orissa
v Indo Asahi Float Glass Limited, Ramgorh Factory
As per website details
They are a fast growing manufacturer and exporter company named as 'Lillas Minez & Mineralz' dealing in Bauxite, China Clay, Dolomite, Dye Oxide, Iron Ore, Limestone, Manganese, Metals, Real Oxide, Mica Sheet, Mica, Mineral Potash, Quartz, Rose Quartz and Silica Sand. Established in 2003, they have emerged as a strong company having full fledged unit in Central India for processing manganese. They supply high quality minerals to various organizations nationally as well as internationally. Their emphasis is on building strong customer relations on stable basis.
Quality
Quality is the prime matter of concern for us. They believe in supplying high
quality of Bauxite, China Clay, Dolomite, Dye Oxide, Iron Ore (Sized Ore &
Fines), Limestone, Manganese, Metals, Real Oxide, Mica Sheet, Mica, Mineral
Potash, Quartz, Rose Quartz and Silica Sand to their valuable customers. They
conduct stringent quality checks at all stages of production and for that they
have implanted world class testing equipments and apparatus.
Team
They have appointed the best professionals of the field having vast experience
and high qualification. Their employees are not only qualified but also keen to
be updated and make sure that the consistent quality is maintained.
Strategy
Manufacturing qualitative and innovative products is the part of their basic
strategy. Based on this strategy they have developed vast network of customers
all over the globe including Middle East, China, Latin America and South
Asian Countries. Due to high quality products like Bauxite, China Clay,
Dolomite, Dye Oxide, Iron Ore (Sized Ore & Fines), Limestone, Manganese,
Metals, Real Oxide, Mica Sheet, Mica, Mineral Potash, Quartz, Rose Quartz and
Silica Sand, their market demand is increasing day by day.
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Business Type |
Exporter , Manufacturer |
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Export Percentage |
80% |
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Primary Competitive
Advantages |
International quality at national prices. |
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Year of Establishment |
2003 |
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No of Production Lines |
2 |
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Export Markets |
USA, Germany, All over the world. |
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OEM Service Provided |
No |
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No of Engineers |
3 |
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Monthly Production
Capacity |
As per customer's requirement. |
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Product Range |
Bauxite, China Clay, Dolomite, Dye Oxide, Iron Ore (Sized Ore & Fines), Limestone, Manganese, Metals, Real Oxide, Mica Sheet, Mica, Mineral Potash, Quartz, Rose Quartz and Silica Sand. |
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.44.56 |
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UK Pound |
1 |
Rs.85.79 |
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Euro |
1 |
Rs.58.40 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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54 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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 |
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