|
Report Date : |
08.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
EBAD EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
13/3, Mahindra Roy Lane, Kolkata – 700046, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.03.1999 |
|
|
|
|
Com. Reg. No.: |
21-088919 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.000 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109WB1999PTC088919 |
|
|
|
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALE02987F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE5458N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Industrial Lather Products. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 8000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a established company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealing with some cautions. Profit and Loss of the company is Not Available |
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, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Abhishek Maity |
|
Designation : |
Export Head |
|
Contact No.: |
91-9163027420 |
|
Date : |
04.09.2012 |
LOCATIONS
|
Registered Office /Factory : |
13/3, Mahindra Roy Lane, Kolkata – 700046, West Bengal, India |
|
Tel. No.: |
91-33-27031229 |
|
Mobile No.: |
91-9163027420 (Mr. Abhishek Maity) |
|
Fax No.: |
91-33-40013882 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ebadullah Khalid |
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|
Designation : |
Managing Director |
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|
Address : |
3, Meher Ali Raod, Kolkata - 700017, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.01.1972 |
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Date of Appointment : |
08.03.1999 |
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|
Voter ID No.: |
GGM2498996 |
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DIN No : |
01672547 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Tanweer Ebadullah Khalid |
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|
Designation : |
Whole-time Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
3, Meher Ali Raod, Kolkata - 700017, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.02.1973 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.03.1999 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Voter ID No.: |
GGM2499002 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No : |
01672590 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Zainab Sultana Khalid |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
3, Meher Ali Raod, Kolkata - 700017, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.01.1975 |
|||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
08.03.1999 |
|||||||||||||||||||||||||||||||||||||||||||||
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Voter ID No.: |
GGM2499010 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No : |
01672612 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Abhishek Maity |
|
Designation : |
Export Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ebadullah Khalid |
|
99800 |
|
Zainab Sultana |
|
100 |
|
Tanweer Khalid |
|
100 |
|
Total |
|
100000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Lather Products. |
|
|
|
|
Products : |
·
Gloves ·
Genuine Leather Driving Gloves ·
Grain Driving Gloves ·
Grain Leather Driving Gloves ·
Grain Canadian Gloves ·
Split Canadian Gloves ·
Combo Soft Leather Driving Gloves ·
Split Leather Driving Gloves ·
Canadian Range Leather Gloves ·
Leather Canadian Gloves ·
Driving Range Leather Gloves ·
Welders Range Leather Gloves ·
Driving Hand Gloves ·
Leather Driving Gloves |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
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Bankers : |
· State Bank Of India, Commercial Branch, Salt Lake, Plot No.X-1, 8/1, Block-Ep, Sector-V, Kolkata - 700091, West Bengal, India · Allahabad Bank, International Branch, 119, Park Street, Kolkata - 700016, West Bengal, India |
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|
|
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|
Facilities : |
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Subrat mohanty and Associates Chartered Accountant |
|
Address : |
Room No-12 and 13, 7/1a Grant Lane Kolkata – 700012, West Bengal, India |
|
Tel. No.: |
91-33-22257760 / 61 / 63 / 64 / 65 |
|
Mobile No.: |
91-9433049447 |
|
Fax No.: |
91-33-22257765 |
|
Email: |
|
|
PAN No : |
ADPPM2466C |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.000 |
1.000 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.096 |
1.041 |
0.926 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.096 |
2.041 |
1.926 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.225 |
14.791 |
5.730 |
|
|
2] Unsecured Loans |
0.927 |
0.980 |
7.124 |
|
|
TOTAL BORROWING |
12.152 |
15.771 |
12.854 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
14.248 |
17.812 |
14.780 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
13.698
|
10.720 |
6.839 |
|
|
Sundry Debtors |
12.484
|
19.516 |
12.059 |
|
|
Cash & Bank Balances |
1.166
|
1.207 |
1.464 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
2.871
|
0.769 |
2.289 |
|
Total
Current Assets |
30.219
|
32.212 |
22.651 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
14.911
|
7.783 |
7.489 |
|
|
Other Current Liabilities |
0.772
|
6.362 |
0.019 |
|
|
Provisions |
0.288
|
0.264 |
0.381 |
|
Total
Current Liabilities |
15.971
|
14.409 |
7.889 |
|
|
Net Current Assets |
14.248
|
17.803 |
14.762 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.009 |
0.018 |
|
|
|
|
|
|
|
|
TOTAL |
14.248 |
17.812 |
14.780 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
13.42
|
14.78 |
10.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.89
|
2.24 |
2.87 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available
in Report (Yes / No) |
|
1] |
Year of
Establishment |
Yes |
|
2] |
Locality of
the firm |
Yes |
|
3] |
Constitutions
of the firm |
Yes |
|
4] |
Premises
details |
No |
|
5] |
Type of
Business |
Yes |
|
6] |
Line of
Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of
employees |
Yes |
|
9] |
Name of
person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover of
firm for last three years |
No |
|
12] |
Profitability
for last three years |
No |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital in
the business |
Yes |
|
16] |
Details of
sister concerns |
No |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
Yes |
|
20] |
Export /
Import details (if applicable) |
No |
|
21] |
Market
information |
-- |
|
22] |
Litigations
that the firm / promoter involved in |
-- |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct of
the banking account |
-- |
|
26] |
Buyer visit
details |
-- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last accounts
filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External
Agency Rating, if available |
No |
NOTE:
The Registered Office of the company has been shifted from 14, Syed Amir
Ali Avenue, Kolkata- 700017, West Bengal, India to the present address
w.e.f.09.02.2012
Bankers Charges
Report as per Registry
|
Corporate identity
number of the company |
U51109WB1999PTC088919 |
|
Name of the
company |
EBAD EXPORTS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
13/3, Mahindra Roy Lane, Kolkata – 700046, West Bengal, India |
|
This form is for |
Creation of charge |
|
Type of charge |
· Immovable property · Book debts · Movable property (not being pledge) · (Others) Plant and Machinery |
|
Particular of
charge holder |
Allahabad Bank, International Branch, 119, Park Street, Kolkata - 700016, West Bengal, India |
|
Nature of
instrument creating charge |
Primary: Hypothectaion
of Stock Meant For Export Upto 90days, Both Present And Future. Collateral:A) Em
Of Land & Building-Premises No.13/3,Mahendra Roy Lane, P.S.-Beniapukur,
Mouza-Gobra, S.R.O-Sealdah, Dist-24 Pargannas(South), Kolkata-700046. Owner:
Khalid Ebadullah. 2 Lip of Sbi In
The Name Of Khalid Ebasdullah |
|
Date of
instrument Creating the charge |
25.06.2009 |
|
Amount secured by
the charge |
Rs.17.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 2.50% below the
Allahabad Banks Prime Lending Rate which is at present 12.25% with monthly
rests Terms of Repayment On Demand Margin 25% on export
packing credit and no margin on FBP/FBD/FBN Extent and Operation of the charge The charge will
remain in operation till loan is repaid |
|
Short particulars
of the property charged |
All tangible
moveable machinaries, plant, machinary fixture, fittings, other installations,
cranes , furniture and other articles lying at its premises at kolkata. The
Whole of company's moveable goods and assets,bothpresent and future including
all stocks of raw materials, work In progress, semi finished goods and
finished goods such as leather products, rawjute etc All present and future
book debts, outstanding, monies receivables, claims etc. immoveable
property situated at 13/3,Mahendra Roy Lane, Kolkata-700046, Kmc Ward No.59
PS. Beniapukur Admeasuring 2 Cottahs
15 Square Feet. |
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.55.97 |
|
|
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.