1. Summary Information
|
|
|
Country |
|
|
Company Name |
LMJ
INTERNATIONAL LIMITED |
Principal Name 1 |
Mr. Lalit Tilakraj Bhasin |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Anil Kumar Dwarkaprasad Khandelwal |
|
|
|
Registration # |
21-056951 |
|
Street Address |
15-B, Hemanta
Basu Sarani, 5ht Floor, Kolkata – 700001, West |
||
|
Established Date |
11.11.1992 |
SIC Code |
-- |
|
Telephone# |
91-33-39839999 |
Business Style 1 |
Traders |
|
Fax # |
91-33-39839900 |
Business Style 2 |
Exporters |
|
Homepage |
Product Name 1 |
Tea |
|
|
# of employees |
Not Available |
Product Name 2 |
Coffee |
|
Paid up capital |
Rs. 160,000,000/- |
Product Name 3 |
Rice |
|
Shareholders |
Bodies corporate - 1.21% Directors or
relatives of Directors - 98.79% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries
|
UAE
|
Unicorp F.Z.E. |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,701,951,000 |
Current Liabilities |
779,169,000 |
|
Inventories |
1,097,615,000 |
Long-term Liabilities |
1,572,864,000 |
|
Fixed Assets |
322,419,000 |
Other Liabilities |
21,141,000 |
|
Deferred Assets |
0 |
Total Liabilities |
2,373,174,000 |
|
Invest& other Assets |
16,449,000 |
Retained Earnings |
605,260,000 |
|
|
|
Net Worth |
765,260,000 |
|
Total Assets |
3,138,434,000 |
Total Liab. & Equity |
3,138,434,000 |
|
Total Assets (Previous Year) |
3,159,118,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
10,413,431,000 |
Net Profit |
145,420,000 |
|
Sales(Previous yr) |
10,221,356,000 |
Net Profit(Prev.yr) |
117,634,000 |
MIRA
INFORM REPORT
|
Report Date : |
24.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
LMJ INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
15-B, Hemanta Basu Sarani, 5ht Floor, Kolkata – 700001, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
11.11.1992 |
|
|
|
|
Com. Reg. No.: |
21-056951 |
|
|
|
|
Paid-up Capital
: |
Rs. 160.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51226WB1992PLC056951 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Traders and Exporters of Tea, Coffee, Rice, Tea Bags, Jute Bags, Yeast
Fenugreek, Chick Peas, Sesean Seeds, Sugar and Fenu Greek |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
15-B, Hemanta Basu Sarani, 5ht Floor, Kolkata – 700001, West |
|
Tel. No.: |
91-33-39839999 |
|
Fax No.: |
91-33-39839900 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As On 30.09.2010
|
Name : |
Mr. Lalit Tilakraj Bhasin |
|
Designation : |
Director |
|
Address : |
10/38, |
|
Date of Birth/Age : |
19.01.1939 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
00001607 |
|
|
|
|
Name : |
Mr. Anil Kumar Dwarkaprasad Khandelwal |
|
Designation : |
Director |
|
Address : |
902/B Ansal Hieght G.M Bhosle Marg, Unity Mill Compound, Worli, Mumbai
– 400018, |
|
Date of Birth/Age : |
16.03.1948 |
|
Date of Appointment : |
16.08.2010 |
|
DIN No.: |
00005619 |
|
|
|
|
Name : |
Mr. Suresh Kumar Jain |
|
Designation : |
Managing Director |
|
Address : |
26B, Camac Steet, Kolkata – 700016, West |
|
Date of Birth/Age : |
21.04.1960 |
|
Date of Appointment : |
11.11.1992 |
|
DIN No.: |
00177788 |
|
|
|
|
Name : |
Mr. Jayant Kumar Jain |
|
Designation : |
Director |
|
Address : |
26B, Camac Steet, Kolkata – 700016, West |
|
Date of Birth/Age : |
14.12.1970 |
|
Date of Appointment : |
11.11.1992 |
|
DIN No.: |
00177613 |
|
|
|
|
Name : |
Mr. Navin Kumar Jain |
|
Designation : |
Director |
|
Address : |
26B, Camac Steet, Kolkata – 700016, West |
|
Date of Birth/Age : |
08.12.1972 |
|
Date of Appointment : |
04.01.1993 |
|
DIN No.: |
00177752 |
|
|
|
|
Name : |
Mr. Satyajit Kanjilal |
|
Designation : |
Director |
|
Address : |
A 102, Milton Apartment Juhu Azad Road, Juhu Koliwada, Santacruz (W),
Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
15.11.1955 |
|
Date of Appointment : |
15.10.2007 |
|
DIN No.: |
01863369 |
|
|
|
|
Name : |
Mr. Basudev Chandra Mallik |
|
Designation : |
Director |
|
Address : |
58, Munirka Enclave, |
|
Date of Birth/Age : |
01.02.1945 |
|
Date of Appointment : |
15.10.2007 |
|
DIN No.: |
01605906 |
|
|
|
|
Name : |
Subrata Kumar Mitra |
|
Designation : |
Director |
|
Address : |
1201-B-Wing Phoenix Towers, Sensapti Bapat Marg, Lower Parel, Mumbai –
400013, Maharashtra, India |
|
Date of Birth/Age : |
16.01.1948 |
|
Date of Appointment : |
22.10.2009 |
|
DIN No.: |
00029961 |
|
|
|
|
Name : |
Mr. Manas Ghosh |
|
Designation : |
Director |
|
Address : |
FE 193 |
|
Date of Birth/Age : |
01.11.1947 |
|
Date of Appointment : |
15.10.2007 |
|
Date of Cessation : |
22.10.2009 |
|
DIN No.: |
01902454 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2010
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Suresh Kumar Jain |
3424080 |
21.40 |
|
Sures Kumar Jain (HUF) |
1480000 |
9.25 |
|
Siddharth Jain |
2137850 |
13.36 |
|
Jayant Kumar Jain |
1605300 |
10.03 |
|
Navin Kumar Jain |
1926800 |
12.04 |
|
Sunita Jain |
1042600 |
6.52 |
|
Hulash Chand Jain |
1865870 |
11.66 |
|
Ekta Jain |
894000 |
5.59 |
|
Nilima Jain |
744000 |
4.65 |
|
Shalini Jain |
686000 |
4.29 |
|
LMJ Services Limited |
89000 |
0.56 |
|
LMJ Overseas Limited |
12000 |
0.08 |
|
LMJ Distributors Private Limited |
7000 |
0.04 |
|
LMJ Commercial Private Limited |
5500 |
0.03 |
|
Veerprabhu Marketing Limited |
80000 |
0.50 |
|
Total |
16000000 |
100.00 |
As On 30.09.2010
|
Category |
Percentage |
|
Bodies corporate |
1.21 |
|
Directors or relatives of Directors |
98.79 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Traders and Exporters of Tea, Coffee, Rice, Tea Bags, Jute Bags, Yeast
Fenugreek, Chick Peas, Sesean Seeds, Sugar and Fenu Greek |
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. K. Mitra and Associates Chartered Accountant |
|
Address : |
178A, |
|
Tel. No.: |
91-33-24611006 |
|
Mobile No.: |
91-9830087692 |
|
Pan No.: |
ADSPM8838P |
|
|
|
|
Associates : |
|
|
|
|
|
Subsidiaries : |
|
CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs. 10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000000 |
Equity Shares |
Rs. 10/- each |
Rs. 160.000
Millions |
|
|
|
|
|
Notes:
Of the above shares
a) 8,00,000 Equity
shares of Rs.10/- each fully paid up for consideration other than cash
b) 8,340,000
Equity Shares of Rs.10/- are allotted as fully paid up Bonus shares by way of
Capitalisation of General Reserve
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
160.000 |
160.000 |
160.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
605.260 |
478.560 |
379.645 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
765.260 |
638.560 |
539.645 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1572.864 |
1210.935 |
1547.593 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1572.864 |
1210.935 |
1547.593 |
|
|
DEFERRED TAX LIABILITIES |
21.141 |
23.191 |
10.754 |
|
|
|
|
|
|
|
|
TOTAL |
2359.265 |
1872.686 |
2097.992 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
322.419 |
279.940 |
180.579 |
|
|
Capital work-in-progress |
0.806 |
6.182 |
34.717 |
|
|
|
|
|
|
|
|
INVESTMENT |
15.643 |
14.057 |
0.247 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1097.615
|
672.147 |
755.500 |
|
|
Sundry Debtors |
844.316
|
1530.666 |
1981.362 |
|
|
Cash & Bank Balances |
351.501
|
387.853 |
265.819 |
|
|
Other Current Assets |
30.907
|
33.303 |
10.992 |
|
|
Loans & Advances |
475.227
|
234.970 |
458.405 |
|
Total
Current Assets |
2799.566
|
2858.939 |
3472.078 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
707.042
|
939.056 |
578.610 |
|
|
Other Current Liabilities |
67.101
|
343.785 |
1008.698 |
|
|
Provisions |
5.026
|
3.591 |
2.321 |
|
Total
Current Liabilities |
779.169
|
1286.432 |
1589.629 |
|
|
Net Current Assets |
2020.397
|
1572.507 |
1882.449 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2359.265 |
1872.686 |
2097.992 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10413.431 |
10221.356 |
10047.978 |
|
|
|
Other Income |
138.388 |
42.751 |
99.614 |
|
|
|
TOTAL (A) |
10551.819 |
10264.107 |
10147.592 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
10163.914 |
8885.341 |
8338.812 |
|
|
|
Administrative and other expenses |
550.308 |
1023.131 |
1801.276 |
|
|
|
Increase / (Decrease) in Stock |
(425.468) |
83.353 |
(221.590) |
|
|
|
Prior Period Items |
0.101 |
0.211 |
11.366 |
|
|
|
TOTAL (B) |
10288.855 |
9992.036 |
9929.864 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
262.964 |
272.071 |
217.728 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
89.679 |
117.968 |
114.455 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
173.285 |
154.103 |
103.273 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
21.016 |
14.926 |
14.299 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
152.269 |
139.177 |
88.974 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
6.849 |
21.543 |
5.847 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
145.420 |
117.634 |
83.127 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
175.322 |
136.407 |
111.530 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.000 |
10.000 |
4.641 |
|
|
|
Loan Redemption Reserve |
100.000 |
50.000 |
35.966 |
|
|
|
Interim Dividend |
16.000 |
16.000 |
15.080 |
|
|
|
Corporate Dividend Tax |
2.719 |
2.719 |
2.563 |
|
|
BALANCE CARRIED
TO THE B/S |
192.023 |
175.322 |
136.407 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
3787.198 |
5634.927 |
4905.288 |
|
|
TOTAL EARNINGS |
3787.198 |
5634.927 |
4905.288 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
2224.500 |
2946.536 |
899.500 |
|
|
TOTAL IMPORTS |
2224.500 |
2946.536 |
899.500 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.09 |
7.35 |
5.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.38
|
1.15 |
0.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.46
|
1.36 |
0.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.88
|
4.43 |
2.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.22 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.07
|
3.91 |
5.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.59
|
2.22 |
2.18 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The Registered Office of the company has been shifted from 30 Jawahar
Lal Nehru Roadsuit No 13A Block
C 2nd Floor, Kolkata – 700016, West Bengal, India to the present address
w.e.f 01.04.2008.
LAST YEAR
PERFORMANCE:
This year inspite of several Government imposed restrictions on exports of Agro Commodities, the company has sustained its Topline achieving turnover of Rs. 10413.400 Millions as against last year turnover of Rs. 10221.400 millions. The net-worth of the company also increased substantially, to Rs. 765.300 Millions against Rs. 638.600 Millions as on 31.03.2009. The profitability of the company also increased substantially. Profit after taxes stood at Rs.145.400 Millions as against Rs 117.600 millions last year.
Form 8:
|
Corporate identity
number of the company |
U51226WB1992PLC056951 |
||||||
|
Name of the
company |
LMJ INTERNATIONAL
LIMITED |
||||||
|
Address of the
registered office or of the principal place of business in |
15-B, Hemanta Basu
Sarani, 5th Floor, Kolkata – 700001, West |
||||||
|
This form is for |
Modification of
charge |
||||||
|
Type of charge |
Book Debts Movable Property Immovable
Property |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of
instrument creating charge |
Composite Hypothecation
Agreement (A.S.D.-4) dated 02.05.2011 Comprehensive Pre
and Postshipment Agreement (Fx.6.2.1/6.2.7) dated 02.05.2011 Board Resolution
dated 01.03.2011 |
||||||
|
Date of
instrument Creating the charge |
02.05.2011 |
||||||
|
Amount secured by
the charge |
Rs. 500.000
Millions |
||||||
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
- PCL: Base Rate+1.25% p.a. with monthly rests. SOD: Base
Rate+6.25% p.a. with monthly rests. FDBP/FUBP: Base Rate+1.25
p.a. with monthly rests. ILC/FLC: 50% of
the applicable charge. Terms of
Repayment - Repayable on demand. Margin - PCL :- 25% on stock and 30% on Book
debts. SOD :- 30% FDBP/FUBP:- Nil ILC/FLC :- DA10% and DP 20% Extent and
Operation of the charge - The charge shall operate as pari passu basis on all
the assets. To the extent of
the overall limit of Rs. 500.000 millions excluding interest, commission and
other charges. The charge will operate till the limit enjoyed by the borrower
company is fully repaid. |
||||||
|
Particulars of
the property charged |
PRIMERY SECURITY:
PCL:- Pari passu
first charge on stocks procured for export and other current assets of the
Company. PCLs shall be
cleared within 180 days. SOD:- Pari passu
first charge, along with other consortium member banks who has financed, on
stocks procured for domestic sales, book debts arising out of inland sale. FDBP/FUBP:- For
negotiating/discounting Export Bills should not exceed 90 days. Pari passu
first charge on stocks procured for export and other current assets of the
company. ILC/FLC:- For
procurement of stock from domestic or overseas market through import. Usance
period shall not exceed 100 days. Cash Margin at 10% for DP Bills and 20% for DA Bills. Goods procured under
Usance Bills should be hypothecated to the Bank. COLLATERAL
SECURITY: Extension of
first pari passu charge on Company's properties at Kushalnagar in Extension of 2nd
pari passu charge on Co.'s properties at Sankrail,W.B.( Extension of fist
pari passu charge on all plant and machinery,furniture,weighing/vending
machine excluding those specifically charge to Kodak Mahindra Bank and L and
T Finance(existing) valued Rs.13.500 Millions Creation of pari
passu first charge on Company's Wheat Flour Plant at Panipat Valued Rs.
46.900 Millions |
||||||
|
Date of instrument
modifying the charge |
29.03.2008 |
||||||
|
Particulars of
the present modification |
By this
modification, the overall limit has been enhanced from Rs. 300.000 Millions
to Rs. 500.000 Millions. The break-up is like this:- PCL -
Rs. 170.000 Millions (existing) Sub limit
SOD - (Rs. 80.000 Millions) (fresh) FDBP/FUBP(LC/NLC)
- Rs. 80.000 Millions (exiting) ILC/FLC
(DA/DP) - Rs. 250.000 Millions
(enhanced from Rs. 50.000 Millions) All other terms and
conditions remain unchanged. |
Fixed Assets:
- Leasehold
land
- Freehold land
- Non factory
building
- Factory
building
- Plant and
machinery
- Computer and
computer accessories
- Furniture and
fixture
- Motor vehicle
- Computer
software
AS PER WEBSITE DETAILS
PROFILE:
Subject
Group is proud to have posted a turnover of Rs.15000.000 millions in the last
financial year. In its sincere endeavor to serve the International market this
group has secured today a Government recognized export house within just two
decades. Since inception the company has been bestowed with many awards during
its distinguished journey.
The company's network spread and penetrates the vast export market of the
country. Subject infrastructure spreads across the length and breadth of the
country. Headquartered in Kolkata, we have offices in
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
|
1 |
Rs.72.09 |
|
Euro |
1 |
Rs.64.21 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.